Inflation 4.7 something %, friend mortgage interest only 3.8%, he beat inflation already

You very funny. Inflation 4.7% does not mean property price goes up 4.7%.

Bnm will rise loan interest rate soon after ge15 else purchasing power will drop, more detrimental in the long term.

Not for subsales but new launches sure naik price, "Inflation, boss"

He still got at least 4 times increase to hodl

Yes, if bank interest rate goes >10%

It is armaya 2

https://homes.trovit.my/armaya-2-house-bandar-botanic

Wow cool down ..

If I have a 30 year old poorly conditioned landed house in Bangsar, are you saying that 10 years later, it wouldn’t be as hot as it will be 40 years ago? That does not make sense

Few could buy landed in bangsar for children.

Depending on where you stand financially.

If you have lots of cash , debt free - rising interest rate is GOOD for you long term. You have more returns from FD, PNB ASM funds, EPF, and you have lower inflation. In short , you become richer.

Given household debts to gdp is among the highest in asia, less than 4% of adults have over usd100k net worth and over half of epf members have <10k in their accounts; many are highly indebted.

given gomen/mof don't have political will to address financial distress; will likely allow further rm devaluation, higher inflation rate and diminishing purchasing power i.e delay economic recovery.

poorperty actually not much gain also, big risk

for example ur SPA price 600000, if u sell 700000 also not much gain, why?

SPA lawyer fees 30K
RBGT 30% 10K
Agent Fees 21K
Seling Lawyer fees 10K

nowadays not easy also

Buy for own stay is ok, need a place to stay

Don't forget to add loan interest and expenses incurred.

If making money from property is easy, developers would be launching new condos daily.

From buying land bank to VP it will take up to 10 years for profit to be realised.

So I dont see any shorter time frame for investors.

This post has been edited by mini orchard: Oct 30 2022, 05:13 PM

I think money making from property has passed in Malaysia. I bought my Setia Alam unit for 400K in 2008. It is currently rated around 900-950K. New launches by SP Setia is around that price but a lot smaller and not gated too. The increment of the property price is not that steep anymore to the point it cannot cover the miscellaneous fees that some of you have pointed out here for new property. But this doesn't mean price will drop, it will only increase in a smaller gradient. Unless you buy a unit at some ulu unknown area that suddenly become big in the near future (just like Setia Alam as example in 2004), chances that such huge increment hardly can happen. The demand is there as I get plenty of of inquiry from agent to sell all the time but not sure if this hold true for high rise.

I believed money making from property is still available in msia but it need more work and risk. Gone are days when profits are made after VP.

Chicken rice in 2008 is around RM4. Now coming RM8, also double up already.

So in real terms, properties didn't really appreciate that much more than inflation...

But he now untung 400k from a 40k investment, your savings and investment got give same returns within the same timeline?