Depends on sold what property. The one more people have is the investment condo, if bought a good one pre 2010, sold in 2015 and put into EPF it’s even better than FD, and it’s worthwhile to forgo being able to touch it until reaching the age for partial withdrawal. But this is benefit of hindsight lah. A good condo will still be generating positive cashflow even during MCO. When 12 months moratorium was available that was a chance to cash in on some paper gains also, if haven’t paid up by then.

No wonder can own so many properties and can pay 40% down payment. Well done!

When it is not risk free, investing need balls also. For many people, myself included, when opportunity arises the brain says easy profit but end up putting in small amounts only. Earn few hundred % on RM few k

I read the Cyberjaya example icemanfx showed. It has extra problems as explained by AskarPerang in #4500 of that thread

“The defaulter owner did not do MOT yet.
No buyer can buy direct from this owner.

In normal subsale market, the seller will need to settle MOT before selling.
But coz this is force sale by the bank, the winning bidder will need to settle this MOT first. And then only can proceed to the normal transfer (2nd transfer). Hence the name double transfer.”

icemanfx question for you I believe

That’s the definition of salesperson by the way.
Now because of you whenever I meet one I will see “hypocrite” on their forehead

jrshow TS take note, wait 6-12 months will be better, hope you get your Subang Jaya house for the price you wanted

Exactly the experience of many boomers. Many bought during 80s peak, just before the big recession, the value of their house fell significantly. But I think can’t be underwater by much because back then down payment was higher. Anyway for own stay, just continue paying and to fully settle within 20 years is normal back then. In their case the paper loss after their purchase was irrelevant and they gained a lot in value later.

Wait so long already 6-12months is nothing la. Not like you can buy today also, that’s why open thread and asking right…

But your target area also many born and bred Subang kids are earning $$$ overseas, RM is weak and if they wanna invest in hometown they can pay the high asking prices as long as the unit is nice. Now Anwar PM some more, lagi want to invest back home.

It says bank value RM2m but I have doubts whether that is true. If it didn’t have issues then yes can be RM2m like a quiet and pleasant corner house in nearby Damansara Jaya.

This post has been edited by A.B.D.: May 8 2023, 06:57 PM

Yes. Expect price drop to happen in 6-12months or by Nov 2023 to May 2024. Explanation is in post #774.

Not I say one

Use transaction data like brickz and edgeprop. They are selling it but if free will be limited to last few transactions

Or people whose target price for the prop they want to buy is not met yet. Therefore they are wishing for more drop in their favour.

So far this is the best use for such prop, provided can get all the required approvals. Or biz like daycare, confinement centre but depends on the noise level there also.

Where did you buy in 2017?

Was it in your target area or different from initial target area?

all those years waiting to buy a house, you maintained your target area and eventually bought.

that should answer your question, it was demand from you and others like you in the same area.

that's why your own experience was that the property market was so strong.

It’s repetitive for sure. The same words spoken by different characters over the years.

Meaningless? It depends. To the relevant parties, property talk is like a pulse of the industry. No talk is bad, no demand, means ICU already. A lot of talk means active, hot and running fast.

You and those who demanded the area have about equal responsibility. After everyone stop buying the collapse will happen.

I’m sure there are under performing properties outside Ipoh. But you ignore it. Just like KL and PJ people reject bungalow in Rawang but will wish for crash to happen in their area.

The example I gave is to point out that since it is not possible for a desired area to have zero demand, then how high is the possibility of crash? Lelong also will see buyers push higher and higher because it’s worth it for them. Bank will always lend to qualified borrowers. Since you look for property in 2011 until now, government has tried to keep interest rate low without big jumps to encourage economic activity.

General trend, meaning all properties combined, is up, yes. There’s data few pages back.
But it’s made up of so many states, towns, tamans & types of properties, and not all are up, some areas are down. So there are super performers causing the general trend to be up. These areas also tend to be the target of people waiting for crash. Anyway my point is personal experience of property market is different like someone who wants to buy in hot area only or trying to sell their prop in dead area. General trend has limited use to an individual.