Makes a difference for many people because that cost is now part of the mortgage.

Yea, but they will need to pay back the mortgage with interest. It is a increased burden for future.

Any good renovator cum interior decorator aro ? Reasonable price?

Probably other forumers here can help to recommend.

I do not have any good renovator / ID to recommend, as i spent minimum in renovation and ID. I just repaired the necessary and did some painting works, as i do not have much much budget for reno.

im not sure the price of the property will fall or not..

Either you do things yourself or you hire a better ID/contractor.

Pay peanuts, you get monkeys. My advice is really try to accommodate better services and workmanship. Not kidding. If not, huge headache later.

Too bad in this country most people won’t pay for quality.

Everything want cheap cheap.

My humble opinion, for now, no. Trading of property has two peak, when economic goes extreme well or bad.
I investigate a few months, right now this period most of the owner started to sell their property due to cash demand. Probably bcos of the economic just start going bad.

1. Due to that, price will slightly float up, but not because of the value and demand of property only, but the demand of cash, which contribute to the MAJOR issue.

2. Another issue is, there is once a trend that most "shifu" and "agent team" teaching the consumer to sapu these properties to become rich. In a short run, price will hike. However, this create the problem of supply (house wanted to sell) more than demand (real buyer wanted to buy for living) in the future.

So, if you are waiting for price falling, wait until the situation that owners need a quick cash to overcome certain bad economic environment or, the confidence of acquire an assest lower.

But right now...I can't see the consumer are worrying bout it as world govs are trying to maintain the doubtful GOOD ECONOMIC SCENARIO....but starting with the Fed Rate and Overnight Policy Rate, which contribute to critical impact to recent property buyers. Another great impact is, property industry from worldwide starting to burst, especially China...so if have cash, only can wait until the things happened...

I dont get your first point. If most of the owners started to sell their property due to cash demand, the supply will go up, and the price shall go down, right?

Exactly. And then later double pay because need to ask someone else to solve the problem caused by first contractor. At the end, budget burst even more lol.

I do see your point over there. However, Malaysia does have one of the cheaper housing prices in comparison. Honestly, I don't see a market crash for now as it crashes already. Only exception is that one specific unit if the owner needs quick cash for something.

You can refer alot to how the auction market is going. No kidding. It's getting higher nowadays. Richer people will grab opportunity to make more money if there are more crashes, leaving poorer people behind.

Um nope, downtrend been ongoing since 2017 until now. Every year drop by around 2-5% so in totality compared against 2015/2016 pricing most areas already drop by 20-30%.


When a person or a few person sells below market rate, it will drag the price of the whole taman/condo down because buyers mostly will check the recent transacted prices.

Other sellers maintain the price also doesn’t mean that’s the market price, that’s just the asking price. Your bank valuation match your asking price or not first?

Yeah sure compare SG which has way way smaller land size with Malaysia, you must be a genius!

After 2008, the next dip is now la. Already dip 20-30% compared to 2015/2016. How much more of a dip you expecting?

Already fall unless you are blind or in denial.

Quote me for what? I'm not TS

Because in this country, especially developers like to goreng price kao kao and claim will give you good quality. End up still use China cheap materials and just charge you like hell coz you waterfish.

You think here you tell developer to build good quality and you will pay for it they really will use premium materials to build for you ah? They just slaughter you like a pig got la.

Soli boss

Yeah, in this country u must further renovate even when buy ready 2 movein premises. Overseas, can straight move in stay ady.

I rmb my grandfather said..shop at kl price only 9000,rental only rm 70 per month at 1940,now wat the price n rental fees now..

This post has been edited by jrshow: Aug 26 2022, 10:51 PM

Yes, a lot of developers give poor quality material and poor workmanship.

After getting the money, they don't care. You pay maintenance fees loh

Most people don't know what inflation is. They think that they sell property at same price that they bought 10 years ago, they do not lose any money.

The truth is that they lost a lot of money because the currency cannot buy as much things now as in the past.

Last time, a plate of Hokkien mee is rm 5, now it is rm 9. (almost double).

Student canteen price now (left), price 5 years ago (right) in picture below



This post has been edited by ericthai: Aug 28 2022, 10:48 AM

I have been looking at subsale in a particular taman in Setia Alam for few months now. I do notice every couple of weeks, there will be a unit for bank auction. I think some people are struggling to pay but I doubt it's the rate hike but more on the economic struggle of the owner (maybe running business and business didn't do well, or lost job, etc).

In terms of pricing, it depends the type of owner. If the owner is having a deep pocket, the price is higher than the market and there's a big no to negotiation. But, if there's desperation I can see the price is lower and the unit usually get off the market pretty quickly despite it might not be everyone's cup of tea (condition, design, layout, etc).

This post has been edited by contagiouseddie: Aug 28 2022, 11:18 AM

When a developer builds a development, there are more to it than just the house.

They also need to cover the infra, these are by no means cheap to provide especially these days.

No one does business for free.

Yes??

I guess you didn't ask him how much his salary was at that time and why he didn't buy more of them?

Until poorperly overhang is reduced substantially, price will remain suppress.

It doesn't take many low transacted price for valuers for give low valuation.

Poorperly price rise slower than loan interest and expenses incurred is a financial losses.

In the long term, residential poorperly price rise at about inflation rate.