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

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DSV4600
post Jul 6 2023, 03:27 PM

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QUOTE(cms @ Jul 14 2022, 05:57 PM)
There's a similar thread which has been tracking property prices since 5-8 years ago.

More active there.
*
Share the link please?
callmecool
post Jul 7 2023, 03:09 PM

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cant really see any properties prices falling now also..
JimbeamofNRT
post Jul 7 2023, 03:20 PM

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QUOTE(Aaron212 @ Jul 6 2023, 03:14 PM)
those prop that fall in price were often sold at wayyyy over inflated price

either due to mega dev

maybe high cashback

over supply condo units in certain area where demand havent keep up yet

generally land will always appreciate over time in relation to inflation

might not win inflation tho

but just need 1 nice flood in your area and wipe out your land price
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well said
TSjrshow
post Jul 18 2023, 02:43 PM

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really cannt c any fall now, even condo also no fall
andyng38
post Jul 19 2023, 07:51 AM

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last done deal in a certain area was for RM1.46mil...was RM1.2mil last year.

yahoooo! rclxm9.gif
jojolicia
post Jul 19 2023, 09:30 AM

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QUOTE(cms @ Jul 14 2022, 05:57 PM)
There's a similar thread which has been tracking property prices since 5-8 years ago.

More active there.
*
Can share the link?
Donchay
post Jul 19 2023, 10:47 AM

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Well my in my circles all the prop from 5-8 years back were transacted in a loss, condo mostly.
EV1 20x60 sold at just sold as 700k 2nd prop, earn much? Tekan calculator then know liao.

I still dont understand even knowing the prices are artificially inflated , ppl are still rushing in to buy, only to be trapped by the loan or sell at a loss.
cms
post Jul 19 2023, 01:30 PM

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QUOTE(jojolicia @ Jul 19 2023, 09:30 AM)
Can share the link?
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I didn't save the link yo. The thread starter also kena ban already.
jojolicia
post Jul 19 2023, 01:38 PM

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QUOTE(cms @ Jul 19 2023, 01:30 PM)
I didn't save the link yo. The thread starter also kena ban already.
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Ok thanks for replying.
dudester
post Jul 19 2023, 02:27 PM

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Never seen Malaysia property market fall. Special cases yes. But market fall never. It will HOLD at worst. Fall also places you don't want to stay.
sijun
post Jul 19 2023, 04:50 PM

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sudah satu tahun. drop mana drop? naik ada la
shin-yee
post Jul 19 2023, 05:56 PM

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Seems like it will never fall. Including standard living as well.
gashout
post Jul 19 2023, 06:43 PM

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QUOTE(Donchay @ Jul 19 2023, 10:47 AM)
Well my in my circles all the prop from 5-8 years back were transacted in a loss, condo mostly.
EV1 20x60 sold at just sold as 700k 2nd prop, earn much? Tekan calculator then know liao.

I still dont understand even knowing the prices are artificially inflated , ppl are still rushing in to buy, only to be trapped by the loan or sell at a loss.
*
yup, the winners are

1. banks.
2. developers
3. lawyers

rest lose money.... stamp fee etc....

cash is king.
icemanfx
post Jul 20 2023, 03:07 PM

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Faith that interest rates would stay low forever fostered a “fool’s paradise,” according to former Bank of England boss Mervyn King. Nowhere is this more obvious than in the unraveling of the global real estate boom, which is now turning into bust as prices start to fall around the world. Fair enough: After so much speculation and overvaluation amid an undersupply of new homes, a healthy correction is exactly what a lot of societies need.
https://www.bloomberg.com/opinion/articles/...l-prove-painful

A recent deal offers a glimpse into what distressed sales can get. The Goldin Financial Global Centre sold for HK$5.6 billion to investment firms after two years of trying, way shy of its estimated value of as much as HK$16.5 billion.
https://www.bloomberg.com/news/articles/202...they-can-t-sell

SHANGHAI -- Prices for existing homes in China are tumbling even in major cities as an influx of sellers and a dearth of buyers undermine the once-unquestioned assumption that the market would only keep growing.

Zhang Li (not her real name), an employee at a Shanghai law office, experienced this downturn firsthand. Eyeing a move into a larger home for her four- and 10-year-old daughters, she put her Shanghai apartment up for sale last August for 4.98 million yuan ($690,000).

Though the 2004 property is on the old side, it sits in a good location a half-hour drive from Hongqiao International Airport and the major railway station nearby.

But the apartment failed to attract buyers. At her real estate agency's recommendation, she kept cutting the asking price by between 50,000 yuan and 100,000 yuan at a time. By the time a prospective buyer emerged in May, it had fallen to 4.46 million yuan.

"It finally sold after I took 520,000 yuan off the initial price," Zhang said. That forced her to borrow more on the mortgage for her new home.
https://asia.nikkei.com/Business/Markets/Pr...sellers-rush-in


TSjrshow
post Jul 20 2023, 03:33 PM

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QUOTE(icemanfx @ Jul 20 2023, 03:07 PM)
Faith that interest rates would stay low forever fostered a “fool’s paradise,” according to former Bank of England boss Mervyn King. Nowhere is this more obvious than in the unraveling of the global real estate boom, which is now turning into bust as prices start to fall around the world. Fair enough: After so much speculation and overvaluation amid an undersupply of new homes, a healthy correction is exactly what a lot of societies need.
https://www.bloomberg.com/opinion/articles/...l-prove-painful

A recent deal offers a glimpse into what distressed sales can get. The Goldin Financial Global Centre sold for HK$5.6 billion to investment firms after two years of trying, way shy of its estimated value of as much as HK$16.5 billion.
https://www.bloomberg.com/news/articles/202...they-can-t-sell

SHANGHAI -- Prices for existing homes in China are tumbling even in major cities as an influx of sellers and a dearth of buyers undermine the once-unquestioned assumption that the market would only keep growing.

Zhang Li (not her real name), an employee at a Shanghai law office, experienced this downturn firsthand. Eyeing a move into a larger home for her four- and 10-year-old daughters, she put her Shanghai apartment up for sale last August for 4.98 million yuan ($690,000).

Though the 2004 property is on the old side, it sits in a good location a half-hour drive from Hongqiao International Airport and the major railway station nearby.

But the apartment failed to attract buyers. At her real estate agency's recommendation, she kept cutting the asking price by between 50,000 yuan and 100,000 yuan at a time. By the time a prospective buyer emerged in May, it had fallen to 4.46 million yuan.

"It finally sold after I took 520,000 yuan off the initial price," Zhang said. That forced her to borrow more on the mortgage for her new home.
https://asia.nikkei.com/Business/Markets/Pr...sellers-rush-in
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that is different country, i dont think malaysia will allow high interest rate
icemanfx
post Jul 20 2023, 03:35 PM

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QUOTE(dudester @ Jul 19 2023, 02:27 PM)
Never seen Malaysia property market fall. Special cases yes. But market fall never. It will HOLD at worst. Fall also places you don't want to stay.
*
QUOTE(shin-yee @ Jul 19 2023, 05:56 PM)
Seems like it will never fall. Including standard living as well.
*
You never experience doesn't mean it never happen.

icemanfx
post Jul 20 2023, 03:42 PM

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QUOTE(jrshow @ Jul 20 2023, 03:33 PM)
that is different country, i dont think malaysia will allow high interest rate
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When supply > demand, price will drop no matter which country.

If bnm doesn't raise interest rate sufficiently high, rm will devalue further, inflation will maintain at high level, the economy will likely follow the same path as turkey, pakistan, sri lanka, lebanon, venezuela, etc.

galkelly
post Jul 20 2023, 06:20 PM

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QUOTE(Aaron212 @ Jul 6 2023, 03:14 PM)
those prop that fall in price were often sold at wayyyy over inflated price

either due to mega dev

maybe high cashback

over supply condo units in certain area where demand havent keep up yet

generally land will always appreciate over time in relation to inflation

might not win inflation tho

but just need 1 nice flood in your area and wipe out your land price
*
You see bandar Bukit raja flood over and over also price didn't fall.
Subsale still selling over 730k++... Developer launching also above 800k++...
Aaron212
post Jul 20 2023, 08:15 PM

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QUOTE(galkelly @ Jul 20 2023, 02:20 PM)
You see bandar Bukit raja flood over and over also price didn't fall.
Subsale still selling over 730k++... Developer launching also above 800k++...
*
some area only

if kena flood confirm drop price n people throw price
hellkvr
post Jul 20 2023, 10:43 PM

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You guys need to think ahead. Why banks keep give loans to developer till the end of the world. Eventhough banyak lagi rumah sedia ada tidak terjual. Semua ni lancau tuan tuan. Rumah lelong also increase everymonth. Crazy

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