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

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icemanfx
post Oct 29 2022, 03:21 PM

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QUOTE(TiramisuCoffee @ Oct 29 2022, 03:08 PM)
when it comes to property,  location matters.  2000 property ady doubled! No bluf. Even if left it  empty untenanted, will still profit if jual… so biar… if lepas now can’t buy back at ori price or better made (raw material wise) …many rich investors r like tat… example my left right neighbours. Been eyeing these. But not selling….now n then pop pass jeguk only. Maybe keep 4 kids. When kids grow up, they may x afford buying properties as  cheaply as their parents. Prices will b super expensive then… So, if got kids, can buy…
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If gen y and z don't consider to buy >10 years old poorperly, you expect your children to live in >20 years old poorperly?
icemanfx
post Oct 29 2022, 03:25 PM

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QUOTE(TiramisuCoffee @ Oct 29 2022, 03:22 PM)
If u ady got property 4 own use Nonit buy more la… x cheap now. Unless got excess money la… invest in property better than invest in shares / crypto. Confirm tara rugi 1.  bruce.gif
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Economic recession is inevitable after ge15, buy when blood is knee deep on the floor.

This post has been edited by icemanfx: Oct 29 2022, 03:27 PM
icemanfx
post Oct 29 2022, 03:30 PM

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QUOTE(TiramisuCoffee @ Oct 29 2022, 03:27 PM)
All property sure need maintenance … but older structure better la… more solid… bigger even…

Anyways, future trend ~>  children will look forward 2 inherit properties, x afford 2 buy anymore… huhuhu…
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According to napic, over half of residential transacted is < rm500k. If one doesn't fall for developers gimmick, affordable poorperly are available.

icemanfx
post Oct 29 2022, 03:32 PM

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QUOTE(TiramisuCoffee @ Oct 29 2022, 03:31 PM)
Why after ge15?
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Data pointed.
icemanfx
post Oct 29 2022, 04:09 PM

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QUOTE(TiramisuCoffee @ Oct 29 2022, 03:38 PM)
Ok look forward 2 dead chicken then!  biggrin.gif Let’s c how cheap!

But then tat day I read they r going 2 slow down opr hikes… if tat happens new buyers can afford 2 buy and price x drop tat much…
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To reduce opr when inflation rate is rising and RM is depreciating is unorthodox, will likely end up like turkey or Pakistan.
icemanfx
post Oct 29 2022, 08:01 PM

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QUOTE(TiramisuCoffee @ Oct 29 2022, 07:55 PM)
Even if 1 day MYR bcum banana money, I think property will continue to appreciate,  ppl still need 2 buy house… else stay where? Deswai I think it’s better 2 invest in property than save $$$ in bank.
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Most buy poorperly with bank loan; loan interest rate, repayment capability is a consideration.

For reasons, why many strawberry gen are financially stressed.

This post has been edited by icemanfx: Oct 29 2022, 08:02 PM
icemanfx
post Oct 29 2022, 08:14 PM

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QUOTE(elimi8z @ Oct 29 2022, 08:11 PM)
Inflation 4.7 something %, friend mortgage interest only 3.8%, he beat inflation already
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Bnm will rise loan interest rate soon after ge15 else purchasing power will drop, more detrimental in the long term.
icemanfx
post Oct 30 2022, 12:44 AM

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QUOTE(Harry_Bobinski @ Oct 30 2022, 12:35 AM)
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
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Few could buy landed in bangsar for children.
icemanfx
post Oct 30 2022, 11:08 AM

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QUOTE(Chrono-Trigger @ Oct 30 2022, 08:43 AM)
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.
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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.

icemanfx
post Oct 30 2022, 04:28 PM

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QUOTE(jrshow @ Oct 30 2022, 12:19 PM)
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
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Don't forget to add loan interest and expenses incurred.
icemanfx
post Oct 31 2022, 03:19 AM

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QUOTE(elimi8z @ Oct 30 2022, 09:12 PM)
But he now untung 400k from a 40k investment, your savings and investment got give same returns within the same timeline?
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As if he doesn't need to make loan repayment.
icemanfx
post Oct 31 2022, 11:15 AM

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QUOTE(New Klang @ Oct 31 2022, 09:03 AM)
Don't be like icemanfx, buy 2 units of condo at axis ampang and lose money
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Don't push your words to me.

icemanfx
post Nov 3 2022, 01:04 PM

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QUOTE(mini orchard @ Nov 3 2022, 09:09 AM)
If a real volatile swings were to happen in msia, how many are brave to buy property, stock etc. Keeping cash may not be safe also.

Many lost money in gloves counter after mco. Is even bad to buy properties since is high capital investment.
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Poorperly is not the only investment option available. like all investible assets, there is time to buy, hold, sell and abstain.

during price uptrend, everyone is hero and invincible, only after the tide turned will tell who was swimming naked. herd members and meme tend to follow price uptrend, blinded by greed, ignoring warning signs and treating different opinion as noise.

many failed to realize, leverage amplify profits as well as losses.

icemanfx
post Nov 3 2022, 02:15 PM

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QUOTE(contagiouseddie @ Nov 3 2022, 12:06 PM)
Bought from Brickz for RM30 for a taman. The date starts from the origin of the taman. My email is all over the document, so I'm not sharing unfortunately.

It has road name, house type and land built up size. So that pretty much give you what you need to know. Of course you can't know things like whether it was never occupied before or renovated before. I also notice unit price is only higher if it is renovated extensively. And it has graphs too, LMAO!
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Transacted price is realistic market price. Historically, residential poorperly price rise at about inflation rate in the long term.
icemanfx
post Nov 4 2022, 04:06 AM

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QUOTE(stevenlee @ Nov 3 2022, 03:00 PM)
but if long term, it for sure will give good return..  hmm.gif

my property bought back in 2012 (landed corner super semi D), now value @ 50% more than price i purchase.

basic math, 5% annual return  hmm.gif  laugh.gif
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About 4.2% p.a compound interest, inline with inflation rate.

If for investment purposes, after deducted loan interest and expenses incurred, actual returns is lower than nominal.

This post has been edited by icemanfx: Nov 4 2022, 04:07 AM
icemanfx
post Apr 18 2023, 03:47 PM

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QUOTE(jrshow @ Apr 18 2023, 10:40 AM)
i find out some wierd situation here, many property Agent said after covid when the market reopen,The demand up,hence the price is up trousmandously and miss the boat alr,What do u think about this statment,do u think we miss the boat?
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Many boats to Holland.
icemanfx
post Apr 28 2023, 04:56 PM

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QUOTE(kidmad @ Apr 28 2023, 03:10 PM)
Hahaha those whom listens to you since 2012 really all go Holland. 11 years man!! Can go back and forth.
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In the contrary, most bought post 2014 are under water.

This post has been edited by icemanfx: Apr 28 2023, 04:56 PM
icemanfx
post Apr 28 2023, 05:04 PM

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QUOTE(peoplecallmefart @ Apr 28 2023, 04:56 PM)
https://open.dosm.gov.my/kawasanku

If according to chart by logic, the house price will stagnant soon despite the inflation rate, the house price will only increase with the inflation rate but not with high demand from the population of malaysia.

My next prediction for the boom in housing price is after 15 to 20 years later which is there are large amount of youngster grow up and step into workplace and will looking for new house. (But need to consider for brain drain effect too).

My own opinion is if u wan buy for own stay, go for it, if u are looking for investment, please please stay away from property market, the yield is no longer attractive already unless you are from wealthy family.  biggrin.gif
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In the long term, poorperly price rise at about inflation rate.

By 2030, maluhsia will become a ageing nation.

QUOTE(A.B.D. @ Apr 28 2023, 05:01 PM)
I believe majority of these cases are not prime landed property as specified by TS.
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And majority of poorperly are not prime landed poorperly.
icemanfx
post Apr 30 2023, 03:56 PM

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QUOTE(A.B.D. @ Apr 29 2023, 11:54 AM)
Ok let me clarify, I shared the podcast for the point about cost of construction which is relevant to what TS is asking, if landed in prime area like Subang Jaya will fall or not. He must have his reason for being specific about landed.

And for high rise, although things “not so rosy” as you can hear from the interview, but you can ask around. During pre-2010 before developer interest bearing scheme psf price was around RM200-300 then by mid 2010s around RM500-600. So the experience of those who could already buy since 10 years ago is that the longer you wait, the more expensive for the same area.

This brings me to another point. To a buyer, a Property is a physical house, its design, locality, street address, unit number and so on. It’s not practical at all for a buyer to just think about the Property market in general if looking for a home.
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Dibs fuelled poorperly speculation in 2011-2015. Price rise slowed after dibs discontinued.

QUOTE(A.B.D. @ Apr 29 2023, 04:36 PM)
I see it more as demand driven price increase. But yes, the ones who can barely afford to buy in prime areas hoping to make a profit are speculating.
But then they are not buying cryptocurrencies and NFTs at prices that can rival a real property. So the risk of their investment crashing is very low, especially if they speculated in high demand prime areas where there are more occupied than empty houses.
Whatever the motives of the buyer, in the end it is the demand for prime area properties that are supporting or cushioning the prices during bad times and pushing prices up faster than inflation during good times.
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Where are these prime area?
icemanfx
post Apr 30 2023, 04:25 PM

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QUOTE(A.B.D. @ Apr 30 2023, 04:22 PM)
I would describe as the landed housing estates of anywhere that is occupied by the upper tiers of society in terms of the general education level, profession and wealth.
The effect is that it becomes popular, in demand and often mentioned as the place one would have liked to buy and live if they could afford it, instead of staying 10-20km further out.
One of the indication is decades old link house 40-50 years, need major renovation or tear down and rebuild but the price is around or over RM1m.
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Probably less than 10% of poorperly fall into this category.

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