Some stats. MCO demand all time high. Currently: Demand > supply n price keep climbing …
https://www.propertyguru.com.my/property-gu...datasense-66086

LOL ... buyers likes discounts. No discount, no syiok buying. So all sellers have no choice but to make buyer syiok sendiri.

Early birds discount entice buyers to Q few nights in developers front door.

This post has been edited by mini orchard: Oct 28 2022, 06:08 PM

all syok sendiri shj... asking price high high..can put

Similar, asking low price ... can ask. Also syiok shj

Denying napic poorperly overhang.

Transacted price is often significantly lower than asking price. have price and no market/demand is syok sendiri price.

Seller syiok first, then buyer turn.

When both syiok syiok, then sign snp.

You syiok sendiri

Since 2012 you talk talk talk no need Buy

So are you staying under the bridge since 2012?

Price stagnant for so many years, how much are you under water? Why die die invest in losing asset?

This post has been edited by icemanfx: Oct 29 2022, 12:09 PM

I Ask you question answer first la to show politeness

Where you stay ? Rent a house? Still need someone to Buy And Rent to you right?

Unless since 2012 live under bridge !

For reasons only about 4% of adults in this country have over USD 100k net worth.

If you want to know property market performance now the easier way was just look at the rental will do, was your landlord raise your rental? Was your landlord hard finding tenants nowadays? Investing property is all about the demand and supply, I know some people cannot accept the fact that property was really not a good investment already, in old times properties was booming it’s because all kampung kids moving into city looking for work, at that time city don’t have that much supply, but nowadays condo was mushrooming everywhere. The time have change, we are all in the moment of variation, the variation not crushing but just stabling.

The rental market is moving Up since April

The value in short terms alot to do with Economy. Current few years Economy drop/flat. Hence value Also flat. Once Economy boom It will rush.

In long term its beat inflation rate.

This post has been edited by tikaram: Oct 29 2022, 01:40 PM

Yes we hear alot from you on this point d. Keep recycle

Any fresh points?

Many are now going into homestay investment.

I am into my 6th year.

Hardwork always pay better than passive income.

Keep read Your post all property bought 2014 under water. If I Can show my investment gain so How? Will you stop keep recycle that?

Facts remain unchanged, no matter how you want to spin it.

With so many of your assumption is wrong, not surprise your investment is under water.

This post has been edited by icemanfx: Oct 29 2022, 02:05 PM

Bought 600k++

Now 900k

Some put 1.3mil

https://forum.lowyat.net/topic/2205390/all

Will you stop that recycle post?

How many percent of them who didn't invest in properties at the right time when they should have and missed the boat?

https://www.brickz.my/transactions/resident...botanic/landed/

as said, transacted price is often significantly lower than asking/syok sendiri price.

many poorperly buyers are highly indebted.

Property prices likely to increase before year-end

By DAVID TAN
PROPERTY
Monday, 20 Jun 2022

Residential property prices are expected to increase by up to 20%.

GEORGE TOWN: The selling prices of residential properties in the country will likely increase by 5% to 20% soon.

Real Estate and Housing Developers’ Association immediate past chairman Tan Hun Beng told StarBiz that a price hike was in the offing and likely to happen before the end of the year, as construction costs had increased substantially.


The price of concrete has jumped 32% to RM258 per cubic metre, while steel bar prices have increased 46% to RM4,100 per tonne.

In addition, the prices of metal roofing and c-purlin have increased by 60% and 95%, respectively.

Tan said developers have yet to pass the higher cost of building materials to customers.

“The steep hike in building material costs will impact the selling price of the incoming supply of properties by at least 5% to 20%, depending on their size and location.

“The hike in selling prices is inevitable as developers are already paying substantially more for their raw materials,” he said.

According to Tan, there will also be fewer property launches in 2022 due to high construction costs.

According to the latest National Property Information Centre (Napic) report, some 54,836 houses will enter the Penang property market over the next three to four years.

The Napic report shows that about 79% of the new houses are affordable and high-end, priced from RM300,000 onwards.

Tan said this was a primary concern as Napic has indicated that the unsold houses in Penang from the completed, under construction and not yet constructed categories totalled 11,540 units.

In late November, the state government declared that Penang has the second-highest number of unsold properties in Malaysia, with 4,683 completed housing units worth RM3.66bil.

Tan said assuming that developers had sold some 30% of the 54,836 houses, there would still be a leftover of 38,385 units.

“In 2020 and 2021, the residential property transactions in Penang were 11,736 and 13,648, respectively.

“Assuming that the annual consumption stays between 11,000 and 13,000 units per annum, it will take between three and 3.5 years to absorb the excess supply, which doesn’t even include the 11,540 unsold units,” Tan said.

He added that if the economy remained challenging with high-interest rates, the time required to clear the oversupply would be much longer.

“This is, of course, assuming that no new projects will be approved.

“If there are more houses on the way, the inventory will grow, making it more difficult to clear the glut,” Tan said.

Tan added, however, that the incoming supply would mitigate the impact of fewer property launches over the next couple of years, ensuring that the market would have sufficient stock and variety for consumption.

On the unsold units in Penang standing at 11,540 at the end of December 2021, CA Lim Property Surveyors Sdn Bhd principal Datuk Lim Chien Aun said the state government should view the matter seriously and come up with a strategy to tackle the issue quickly.

“A large number of unsold units is perhaps an indication that we are building houses that are not in demand due to various factors.

“Before outlining the proposed strategies, they should consult with the professional bodies available in Penang, as well as with relevant housing and construction players currently practicing and working in the state.”

Lim said the local government should also be included as a source to obtain information and support suggestions to formulate a practical set of strategies to become the recognised policies of the state government.

“The state government should legislate a policy to buffer the impact of rising building material costs.

“They have left the pricing mechanism of certain raw materials to open market forces.

“Possibly they do not accept that the housing construction sector is important, especially the affordable housing programme and policies.”

According to property consultant Steven Cheah who helms Property Talk Sdn Bhd, the investments from multinational corporations and local companies into Batu Kawan will create new jobs, driving up the demand for housing.

“We may even see the annual consumption of residential properties in the state increase from 11,000 and 13,000 per annum because of the jobs entering the market.

“The advent of these new houses is timely,” he said.

Currently, a condominium with over 1,000 sq ft in the North East and South West district is priced from about RM680,000 to RM800,000 and RM480,000 to RM600,000, respectively.

“We can expect the selling price to increase due to escalating raw material cost and steady demand,” Cheah said.

The incoming supply will also provide the market with a wide range of choices, he added.

“What we worry about is a scenario with limited residential property supply. “A limited supply situation coupled with high construction cost will not be healthy, as selling prices will spiral out of control,” Cheah said.