“We will observe a globally synchronized housing market downturn in 2023 and 2024,” said Hideaki Hirata of Hosei University, a former Bank of Japan economist who co-authored an International Monetary Fund paper on global house prices. He warns the full impact of this year’s aggressive rate hikes will take time to play out for households.

https://www.bloomberg.com/news/articles/202...rest-rates-hike

party

This post has been edited by icemanfx: Sep 12 2022, 04:01 PM

does anyone feel the property price falling?

consperm before or by 2025.

Stay away from high rise and you'll be fine

high rise, what kind of high rise?

those commercial high risk? or those residencial ?

I don't know, don't have a crystal ball here... but then again, US, Europe or Japan property sentiment is different from ASEAN and of course Malaysia.
My bet is that some minor downturn but it will not be much visible hidden by the rising interest rate.

Nobody will believe landed in prime area like subang will fall

the most will drop few percent for those desperate seller

fall will never

high rise maybe

people been saying will drop since dinosaur age but never really see it happen. bear in mind that if it does happened most will still not able to afford the much reduced price of the houses because majority will be jobless.

china already drop..

anyone buying??

alot of abandon project, not sure gt people buying or not

many think price down they only buy

but

when price down bank probably not lending

price now = 100
ww have 100 buyers and they willing to buy house respectively when price = 1,2,3 etc

when price drop to 99

the 100th will buy until they cannit afford anymore

then price will drop again to 90

then 99th, 98th buyer will buy

the pattern continues

if you only willing to buy when price is 40

by that time economy probably ady hancur

Buy to renovate and stay

Don't buy to fry

High rise residential after certain years, doesn't appreciate much or as in demand as it should be. 3 units of mine in prime location, currently bringing in about 5~7% rental yield, had been placed on sale for about a year, only had enquiries. All offer received way below market and bank valuation. All units 15 to 23 years old.

Looking at what happen to China house market now. I don't think it will happen anytime soon for Malaysia. (at least 5 more years to go).
Able to extend house loan to 30 years.
If couples berjimat cermat and with 2 kids. Should be able to sustain a 300k-500k apartment/house.
But I am more worried about the house quality rather the crash of house market.

both.. because the most valuable part of a property is the land underneath.
esp. for condo.. dont believe when others said condo price will surely increase in the long term.
that's just wrong, with new condos keep propping up like mushroom after rain, why should people buy your old condo?
summore all condos will get old-fashioned and deteriorate in condition in the long term. the longer you hold, the lesser the value becomes.
it is also impossible for condos to refurbish/renovate the entire building like landed properties, so it will stay as it is forever.
dont believe me? just go check out those condos which are built 20 years ago. will you be urged to buy such properties?
thats how a new condo now will look like in 20 years' time

Congratulations to all owners that managed to hold for the past 2-3 years and for new owners joining the game, the only way is up, up, up 😛

this is malaysia. they will come out with whatever reasons to make prices go even higher. trust me on this.

the interest rate goes up 3 times already in this year, anyone feel the burden?