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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 May 5 2023, 01:36 PM

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QUOTE(TrialGone @ May 5 2023, 01:28 PM)
It does not matter if ur prop worth rm2mil if nobody renting or buy it. That's what I mean. So higher price is useless if u don't get profit out of it.
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Have price no market is syok sendiri price.
jojolicia
post May 5 2023, 02:38 PM

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QUOTE(ericyong @ May 5 2023, 12:43 PM)
supply and demand are rather subjective - factors to consider include price range, location etc...

but in general, i would say in areas such as Klang - supply is still considered limited versus the high demands.
In PJ, supply is aplenty, but demands are also very high.

In areas such as setapak/wangsa maju area, plenty of supply - but you'll see mostly in the affordable range, and demands are still doing okay; just that people have more time to look at more choices...
If you're looking at higher end ones... demand is rather limited for high rise high end, but landed ones are still in big demand....
n different areas, different demands... if u read an OVERALL Malaysia or Klang Valley report, the overhang situation would be many.

But going into details... you'll find that those real affordable government-restricted ones, those 250k... those who wants it for investment, overqualified. those who really want it for own stay own use, qualify but cant afford... then you have the middle-range, those 450-550k.... demand are very strong, but choices also plenty. many interesting marketing gimmicks too - cash back, rebates, free reno, free ID etc etc...
one thing though, with interest rates going up, yields are not holding up as well... so rental returns could take awhile.
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I concur. Putting ones' money where it should be is always about 1)which; moveable / non moveable, 2)timing; time-line horizon.

In this respect, property (a non movable), is about asset class (type, in short) and location/ demagraphic as you mentioned. You are just being nice with your words 🤭. Well done

You are right on material/labour cost content. Well this 2 never been on the downtrend along the time horizon. It has always been on uptrend historically. The concern is the incremental rate over a time horizon. At a rate of non shock absorbency.

You did not touch on red tape/ compliance cost. Yes, its tacky to mention.

This post has been edited by jojolicia: May 5 2023, 05:05 PM
jojolicia
post May 5 2023, 02:40 PM

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QUOTE(ChAOoz @ May 4 2023, 10:53 PM)
Should be crestbuilder/mbam eric yong then based on his replies.
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Yes, i first read that post, then checked on the nick.
That was why i asked.

This post has been edited by jojolicia: May 5 2023, 02:52 PM
clyeoh1980
post May 5 2023, 03:16 PM

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QUOTE(icemanfx @ May 5 2023, 02:36 PM)
Have price no market is syok sendiri price.
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well said,

This post has been edited by clyeoh1980: May 5 2023, 03:18 PM
blmse92
post May 5 2023, 04:42 PM

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From: shah alam



Nope. Been hearing years after years. It's either maintain or slightly increase only.
SUSSihambodoh
post May 5 2023, 05:16 PM

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QUOTE(icemanfx @ May 5 2023, 01:36 PM)
Have price no market is syok sendiri price.
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A concept most people fail to understand.

US inflation berlambak gila but property price falling like flies. Nobody says material and labor cost naik price must naik?
icemanfx
post May 5 2023, 05:29 PM

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QUOTE(jojolicia @ May 5 2023, 02:38 PM)
I concur. Putting ones' money where it should be is always about 1)which; moveable / non moveable, 2)timing; time-line horizon.

In this respect, property (a non movable), is about asset class (type, in short) and location/ demagraphic as you mentioned. You are just being nice with your words 🤭. Well done

You are right on material/labour cost content. Well this 2 never been on the downtrend along the time horizon. It has always been on uptrend historically. The concern is the incremental rate over a time horizon. At a rate of non shock absorbency.

You did not touch on red tape/ compliance cost. Yes, its tacky to mention.
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In the long term, poorperly price rise at about inflation rate.
desmond2020
post May 5 2023, 06:39 PM

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you people gotta accept that 90% of wealth is hold by 10% top rich group

then you will know why a property crash in present condition is impossible.
SUSSihambodoh
post May 5 2023, 06:58 PM

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QUOTE(desmond2020 @ May 5 2023, 06:39 PM)
you people gotta accept that 90% of wealth is hold by 10% top rich group

then you will know why a property crash in present condition is impossible.
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So the property market in US how? No rich people there?
clyeoh1980
post May 5 2023, 06:58 PM

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Why is that this house affordability issue was not addressed in current administration?
desmond2020
post May 5 2023, 07:03 PM

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QUOTE(Sihambodoh @ May 5 2023, 06:58 PM)
So the property market in US how? No rich people there?
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Did property market crash there?
SUSSihambodoh
post May 5 2023, 07:18 PM

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QUOTE(desmond2020 @ May 5 2023, 07:03 PM)
Did property market crash there?
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https://www.zerohedge.com/personal-finance/...e-35-crazy-peak

35% drop

https://www.wsj.com/articles/san-francisco-...ldings-471742ea

80% drop
clyeoh1980
post May 5 2023, 07:22 PM

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I just wonder had the housing price ever drop in Malaysia? It been going up all the time. Like it or not it will never go down. That’s why it’s good to own a property, go buy and buy ….
desmond2020
post May 5 2023, 07:23 PM

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QUOTE(Sihambodoh @ May 5 2023, 07:18 PM)
that is san francisco

got other place?
clyeoh1980
post May 5 2023, 07:26 PM

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QUOTE(desmond2020 @ May 5 2023, 08:23 PM)
that is san francisco

got other place?
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Why your guys want to debate about this ? Just face the reality, the housing price in Malaysia will never drop ! Period!
Hoping housing price to go down is like wishing a rain go up in reality it will never happen.
SUSSihambodoh
post May 5 2023, 07:37 PM

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QUOTE(desmond2020 @ May 5 2023, 07:23 PM)
that is san francisco

got other place?
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Eh search yourself la haha. Already gave you a sample. Bay Area ya, not some ulu place.

QUOTE(clyeoh1980 @ May 5 2023, 07:26 PM)
Why your guys want to debate about this ? Just face the reality, the housing price in Malaysia will never drop ! Period!
Hoping housing price to go down is like wishing a rain go up  in reality it will never happen.
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4 out of 10 people I know have negative equity on their property. Even mine dropped 20% from peak but because I went in early they are still over 50% profit for me. If you think will never drop, feel free to buy.
icemanfx
post May 5 2023, 08:00 PM

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QUOTE(desmond2020 @ May 5 2023, 06:39 PM)
you people gotta accept that 90% of wealth is hold by 10% top rich group

then you will know why a property crash in present condition is impossible.
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90% of residential poorperly in this country are not owned by 10% of people.

QUOTE(clyeoh1980 @ May 5 2023, 07:22 PM)
I just wonder had the housing price ever drop in Malaysia? It been going up all the time. Like it or not it will never go down. That’s why it’s good to own a property, go buy and buy ….
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Not according to boomers.

QUOTE(clyeoh1980 @ May 5 2023, 07:26 PM)
Why your guys want to debate about this ? Just face the reality, the housing price in Malaysia will never drop ! Period!
Hoping housing price to go down is like wishing a rain go up  in reality it will never happen.
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You ain't see nothing yet.
desmond2020
post May 5 2023, 08:07 PM

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QUOTE(icemanfx @ May 5 2023, 08:00 PM)
90% of residential poorperly in this country are not owned by 10% of people.
Not according to boomers.
You ain't see nothing yet.
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you had been saying this since 13 years ago

so this is getting rather lame
icemanfx
post May 5 2023, 08:09 PM

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QUOTE(desmond2020 @ May 5 2023, 08:07 PM)
you had been saying this since 13 years ago

so this is getting rather lame
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What I said is reality.
desmond2020
post May 5 2023, 08:10 PM

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QUOTE(icemanfx @ May 5 2023, 08:09 PM)
What I said is reality.
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since 13 years ago

but never become reality

worst than numberman

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