The numberman is now pmx if you don't read news.

Give enough time, it’ll become true

For those just following now there’s some great information in post #601. There’s residential, office, mall info but I expect most relevant to people here would be residential.

https://forum.lowyat.net/topic/5290620/+600#

Not good news for TS as terraced house in Selangor is most resilient. There’s no split by taman but I have a feeling his target area should be over performer lol

Collapse or crash can easily happen after price going up too fast and furious which I’m sure has happened before in the past and in certain segments especially ultra luxury. It can also happen if interest rate goes up too high and defaults become widespread. It can also happened if developers build too much like high rise in the data you shared become negative growth.

Property 500k...

Waiting for crash buyer.. - wait for 300k la...

Then property go 600k
Then 700k..

Then crash... go back 500k

That Buyer still cannot afford...

Most of those bought poorperly post 2014 are under water is the reality. Until overhang is reduced substantially, price will stay suppressed.

Those bought above 500k is under water and some are financially ruined.

300k poorperly is almost always available subject to location, size, age and type. Unrealistic assumption or expectations is impractical or ignorant.

This post has been edited by icemanfx: May 6 2023, 06:55 AM

What you talking iceman.. 2012 only joined that's why say before 2014?

For me I'm mid 80s borned, if I could have bought prior to 2007, I could now be very close to retirement. That's when many condos selling approx 150k to 200k. Damn gooding those prices.

So do you know what's the lesson learned in this time line?

At least this i can agree with you. That's why I always tell others buy when your ready. Avoid new Development if possible. if die die want new make sure the developer is reputable.

Subsales has alot of perks to be honest.
1. You get to see the community when your hunting for the unit.
2. It's ready for your to move in.
3. You get to see if they could keep up with the maintenance

Only downside is the initial upfront payment which most likely you have to prepare 16% for first and second home. For multi home owners like me I had to prepare around 40%.

According to boomers and various reports, kv poorperly price was stagnant after 1997 AFC. Due to drastic increased of oil, steel, etc price in 2008, poorperly price started to rise. The uptrend was fuelled by easy and cheap credit, a fallout of u.s qe. Likewise, easy credit stop with u.s qe.

If one has 40% for 3rd poorperly, should consider alternative investment.

This post has been edited by icemanfx: May 6 2023, 09:02 AM

if u bought at 2009/10 also can retire comfortably if u sold it on or by 2015

2009/10 to 2015- price almost doubled....

This post has been edited by nxtpg: May 6 2023, 10:08 AM

Thinking the property price will go down is like thinking the food price will go down. Because of inflation, prices will keep on going up....

Of coz food price won't go down. But premises that sell the food closing down one by one though lol.

Again supply and demand. If ur price goes up way beyond average people salary, if nobody buys it, gulung tikar je.

That's why u see so many empty lots in newer malls like pavilion Bukit Jalil. Places like Daiso close down one by one when they cannot increase anymore.

And same with prop. Only reason why prop is still quite high cause the holding power here is resilient. But that really depends on how long they can hold with the jack up interest rate.

If our whole economy relies solely on prop investment i think we deserve the consequences.

This post has been edited by TrialGone: May 6 2023, 11:11 AM

ManutdGiggs could testify i sold 2 units before 2014. both price doubled of what i paid. incidentally, recent price listed on brickz.my indicate price remain largely unchanged since i sold 10 years ago.
kidmad desmond2020

Unlike poorperly, no one buy food with leverage. it is foreclosure and threat of foreclosure cause poorperly price drop.
https://forum.lowyat.net/topic/4239930/+4500

This post has been edited by icemanfx: May 6 2023, 11:20 AM

Your guys talk rubbish. The property price will keep on investing. It will not drop! Give me some example the residential property has drop? Like in Bukit Mertajam, the terrace house now is 700k+ !!!! Previously only 400k plus!!! Your guys are day dreaming and hoping the house price will go down. It will not !!!! So buy and buy !!!!!!!

It’s sad that lots of people in this forum don’t know anything about property market. See the transaction goes up every year means that property market is booming. And your guys talk about house drop. Pathetic !!!

Again I would tell the originator of this forum thread, don’t hope price house will drop. It will never happen in ur lifetime !! Get a life and buy property while you can. Don’t wait !!!!!

Yes buy buy! Let's accelerate the demise!

somehow, when everything under the sun has increase price at least 10% this year

and you folks is dreaming of property price crash?

lol damn fools

again residential property will not drop! It will never drop! It will never drop! It will never drop !! Period!

Doesn't matter what I think. What I can tell: stagnating salary, increase interest rate, inflation, etc and bank not going beyond 35 years loan. U can come up with ur own conclusion whether it goes up or down.

If it quadruple price not like I care, lol. I can earn tidy profit too.