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 Will you think the property market will fall soon?, will the landed property fall in 2024?

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kidmad
post May 7 2023, 07:55 AM

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QUOTE(TrialGone @ May 7 2023, 07:39 AM)
Well if I bought one a decade ago for investment I would have lost at least 20% of the prop value after adjusting for inflation and mortgage payment and maintenance let's just say that.

Good time is relative. If u buy for own stay every year is good time.
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You don't even have one that's the problem! 2010 I bought pkns setia alam double storey rm330k sold in 2012 @rm480k. 2012 I bought puri Aiyu @rm250k and rm265k - bought 2, sold one in 2018 @ 360k and the other one now is transacted around rm400k - 420k.

Dont just randomly listen to hearsey. My Cyberjaya unit is still at a lost though @ 30% since 2020 pandemic but I have faith in this place. This unit was bought at the wrong time but how can we anticipate that the pandemic is coming and all the mnc's nearby would move out.

What I'm trying to tell you there's places where prop price still prosper while some ulu location like Cyberjaya is still suffering. Hope you get the point.

If you want to buy it's always location location location. Buy in a well establish neighborhood most importantly its not about making money. It's rather more important for you to be comfortable in building your family in that home.

There's never a right time and time will never going to be better.

This post has been edited by kidmad: May 7 2023, 07:57 AM
kidmad
post May 7 2023, 12:29 PM

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QUOTE(icemanfx @ May 7 2023, 10:52 AM)
There are over 1.8m units of residential poorperly in kv. Unlike shares, BTC, commodities, etc many factors affect poorperly price e.g location, size, design, facing, etc. In the whole spectrum, there are always some opportunities and poison. Similarly, if one looks hard enough and flexible, need not buy overpriced unit.

In poorperly game, developers have the upper hand. Those hope to make easy profit from new launch are naive.

Location, location, location is promoted by poorperly guru snake oil seller but often impractical e.g Bukit Damansara is a established T5 landed area but current transacted value is lower than a few years ago and many are in the market for quite a long time.

Poorperly game is not newly invented or discovered. If half as profitable as guru snake oil sellers claimed, every other da ma and da Shu are multiple poorperly landlord, where leave chance to strawberry gen.

In the long term, poorperly price rise at about inflation rate. Due to significance overhang, poorperly price will remain suppressed until overhang is reduced substantially.
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I won't read the rest the moment you say it's 1.8m no it's not oversupply. What's the population in KV? Do your maths.
kidmad
post May 7 2023, 12:30 PM

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QUOTE(TrialGone @ May 7 2023, 10:34 AM)
...... The whole premise is not about me owning a house. What's the confusion here? They just jump to conclusion that if I say prop market is not good, I must not own a house, lol.
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That's why another pak lebai.

Own a property and hoping property market to fall? I call that bullshit.
kidmad
post May 7 2023, 12:32 PM

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QUOTE(cms @ May 7 2023, 09:36 AM)
Keep saying the same thing, eventually it will come to true no?
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It did happen but these ppl missed the boat.
kidmad
post Jan 17 2024, 08:31 PM

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QUOTE(Simply_Ed @ Dec 29 2023, 03:50 PM)
Tropicana Metropark Paloma 2br
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That is not drop that's over inflated when they were selling initially.. The project is overpriced for that area imo.. I have a unit nearby puri Aiyu condo.. In 2012 all condo that area is only around rm250 psft. Of course now my unit shoot up a little but I still consider the tropicana projects as overpriced.
kidmad
post Jan 17 2024, 08:33 PM

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QUOTE(zup @ Jan 17 2024, 06:54 PM)
Ayam think houses price will drop, as it been dropping now.

Many unsold houses. Yes all those materials are expensive and to make those houses is expensive, hence the houses price is expensive.

but, those house has no buyer. sape je yang mampu beli (since most of malaysian is M40/B40.

Ayam think house bubble is max bubble already. Its either bubble is meletup or the bubble maintain its max bubble. Cant go higher.

This is only my opinion. Real answer, need to see investigate and charts...
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Kuchai Lama, Bukit Jalil, Sungai Besi disagrees.. I don't have houses there but my cousins are all living in their condos and say a hike in their prop.
kidmad
post Mar 1 2024, 08:55 AM

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QUOTE(jrshow @ Jan 23 2024, 04:22 PM)
a hike?got real transac?
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Yup those are places my cousins and family members bought before pandemic. Take central residence as comparison rm390k to now asking around 500k. That's a good hike.

Anyway the few mention places just go dig up price before pandemic and compare to 2024 lo. Unlike some jokers I give you the name of the place, the name of the property just go check it out.
kidmad
post Sep 20 2024, 07:47 PM

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QUOTE(ayamxxx @ Aug 18 2024, 10:00 AM)
From what I see, it's not the property crashed etc but more lelong unit nowadays. Some even at relatively brand new unit, 1-2 years old unit. And its massive for lelong unit especially condo/ apartment with high dense at KV area.

If I got high cash, will choose lelong instead. Cash more towards house renovation for the slightly damaged house
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Now that's the right mindset.. some couldn't see the flaw on this they think that oh so many lelong unit.. economy is bad for all.. they couldn't comprehend some may be over leveraging and that's the cause, some could be going through rough time. Does these situations paint the same picture for the entire population in MY? As far as I'm concerned all the ones around me are doing really well.

Start the fear mongering when even condos got lelong at dirt cheap price and still no one is buying it. This thread is 2022 to date mark my words things would not go south for property, not for bursa.

This post has been edited by kidmad: Sep 20 2024, 07:57 PM
kidmad
post Sep 20 2024, 07:58 PM

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QUOTE(dogbert_chew @ Sep 20 2024, 07:23 PM)
Won't the encumbrance, if any, to the title post the biggest risk for lelong properties?
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What bigger risk you referring to?
kidmad
post Sep 20 2024, 07:59 PM

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QUOTE(jrshow @ Sep 20 2024, 07:09 PM)
Hahahaha...big slap to u at 2024Q4
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He kena slap since 2012 la.. by now the face already unrecognizable.
kidmad
post Sep 20 2024, 08:30 PM

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QUOTE(ayamxxx @ Sep 20 2024, 08:02 PM)
Not even told more lelong, mean more indication for poor economy etc. Just noted nowadays too many brand new or relatively new unit under lelong unit, vs 15-20 years ago. Property guru effect? Compression loan effect?
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Unfortunately Malaysian population owning a home is low despite you think there's so many new units. If there's no demand a project will be abandoned. This statement stays true. If they have 80% uptake it's as good as GO all the way to completion. U don't need any prop guru or compression loan to tell you the story of what the 1% of jokers are doing, those cases are what I called over leveraging.. all you need is the developer backing out to tell you if the prop sector is doing good or otherwise.

 

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