Will you think the property market will fall soon?
Especially landed property ,hot cake area like subang jaya?
after the increasing on interest, inflation, covid..nvr endless issue in future..
if you have cash, will you go and buy the landed property to invest now?

This post has been edited by jrshow: Dec 12 2023, 09:42 AM

Drop? No, unless desperate seller

Some adjustment maybe.. but not fall until 30%

What is bubble burst?

Plenty of new launches now..... open ur fb and IG n look!
interest still low now, just becoz it has been super low for past few yrs so now up abit only.... when it hits 8% to 10% then time for cash rich ppl to shop for property

prices to tank? lol, Inflation on the rise and you think that houses will get cheaper?

price of material and inflation will cause price to go up higher.

This post has been edited by Roboguru: Jul 14 2022, 04:38 PM

Hello bruh, every shit under the sun is increasing price and you expect property to be cheaper? Need to get yourself some reality check

Many ppl said during Covid property market sure drop, price sure collapse etc, but until today price only goes up especially for landed and commercial properties. I think only the market for high rise properties running the risk to collapse due to oversupply. In fact quite a number of projects have poor sales record, esp those bearing price tag above RM800 psf.

Conclusion, landed properties good, high rise bad

nah esp landed will fly to the moon,
condos/apartment yes

Can afford better buy now...

2022 already people still counting on property prices to fall? 🤭 seriously doubt u guys can survive through adulthoods

I don't think u want to see property prices drop 30%, it doesn't benefit u at all .....

There's a similar thread which has been tracking property prices since 5-8 years ago.

More active there.

Wont. TS don make dream too much.

Why fall? Will be even more expensive! Cost of building naik / shortage of workers etc…

Gula Naik 20¢ Teh tarik Naik harga
Tepung Naik 20¢ roti canai Naik harga

So kalau material , manpower , costing naik , harga rumah turun ???

Now or never

If nobody buy for long enough it will have to come down.

if you buy for long term there is no need to worry.. it's those greedy house flippers that gonna suffer

Flippers thing of the past. All dieded…

Now waiting 4 those taking long term loan 2 default n lelong… then v can kutip cheap dead ciken…

This post has been edited by TiramisuCoffee: Jul 14 2022, 07:03 PM

Commodities started falling already, properties are next (they are dropping already, at least in the US).

I am guessing there will be a sudden huge hike of interest rate by the Fed since people are still trying to buy the "dip" now lol because that's the only way to contain inflation (actual inflation number is way higher so it's nowhere near done).

Those people in this thread are oblivious to what's happening or what's going to happen lol.

Buy 4 own stay ok... Bestest buy Readymade units.

Labour shortage/ hike in costs etc = sked project stalled. Last time bad time many developer fly by nite… 🤐

This I agree... At least the unit is already there

what going to happen ?
if our property drop 30%, guess what happen to the country malaysia ? this is what u want to see, property is our last GDP sources.
New project might reduce, sub sales transaction might be drop, prices ?

Property will never ever drop. At most it is stagnant. Even a worldwide pandemic in 2020 unable to bring it down, what makes u think inflation or economy crisis will bring it down?

Buy at good location won't drop - landed or condo

The only thing went up during COVID is number of lelong properties. Now becoming less

This post has been edited by knwong: Jul 14 2022, 09:44 PM

Malaysia top GDP sectors are agriculture, manufacturing and services.
Not property. If property is our top GDP we died already.
Construction sector dropped 2 digits percentile in 2020.
Top sectors as mentioned dropped 1 digit only.

Well there will be a lot of pain obviously. In fact I am more curious about how China will resolve this as their GDP is largely dependent on their real estate.

People here don't understand basic economics and it shows.

During the early stages of the covid pandemic, there was an abundance of liquidity (the printing went crazy) so it's natural that the housing prices went up.

Therefore, to claim that the pandemic was supposed to bring down the housing prices is a contradiction in itself.

Anyway, what happens during a recession is that liquidity will shrink. People will not be able to repay loans. There will be lots of bankruptcies. There will be a credit crunch. Banks will be less likely to lend due to fear of defaults.

So there will be no buyers. And to attract buyers, sellers will need to decrease their prices. In other words, sellers will be throwing prices to save their own asses.

It will be a slow and painful process. It's due to come anyway but people will still think that it "will not happen", until it happens.

This post has been edited by Cyberbullies: Jul 14 2022, 10:48 PM

Imho, the situation you described may come, but not yet, cos no mass retrenchment yet. Then the rest of the events will follow.

Agree that it's going to be a very painful process. Ppl below 40 (including me) really had no idea hows it's gonna be like.
Ppl said 2008 didn't affect us much, and that time I believe those who were born in the early 80s were just started working.

Yeah there will be a lag. Mass retrenchment (at least in the US) is gradually happening already under the guise of "unproductive workers" or "refusal to come back to office" lol.

It's usually the lag that kills. People become complacent and feel like it won't happen over time. And then it catches you off guard and swings at you.

That's why it pays to panic first. The ones who panic first will stand to benefit from the ensuing chaos.

did i said real estate is Malaysia TOP GDP ?
u see the percentages of Malaysia Top 5 state, see how many percent from Service involve REAL Estate.

This post has been edited by X1X1: Jul 14 2022, 11:03 PM

Go down? The only way is going up, nowadays cost increases everything is up, no way it will go down.
Same goes to building materials and labor, for existing owners can't hold on, just auction and there will be ppl bid till up

Even I increases my rental

Nope why material cost all sky rocket dy. Business is to make money not losing money hence u see dev die die hold the price.

I agree. Waited. Still x drop!

End of day its location location location!

Bring it on! Drop 30% fr cost price! Please!

No.

I just bought 2 properties last month, impossible for properties to be cheaper when everything becoming more expensive.

I am a retailer, 2019 around 150k to renovate a 1200sqft shop in mall.

this year almost 250k d.

u wont be laughing.
base currency exchange, we already drop 7%, + stagnant appreciation. is around 10%

Building materials price movement has zero impact on completed poorperly. Over 85% of residential is in subsale market. If one insisted to buy overpriced new launch unit is deserved to pay water fish price.

Developers charge premium price for added amenities and landscaping. By reducing unnecessary amenities and landscaping, developers could reduce RM PSF price.

As most bought poorperly with bank loan. Price rise slower than loan interest and expenses incurred is a financial losses e.g price stagnant.

There could be substantial difference between asking, market, valuation and transacted price. Asking price is often syok sendiri and quoted by uuu.

Historically, rise in loan interest rate will tip overstretched borrowers into npl, incentived them to offload at below market price.

Many still ignorance to poorperly overhang. Until overhang is reduced substantially, price will remain suppressed.

Poorperly is illiquid, unlike commodities, stocks, BTC, etc, poorperly price takes years to bottom.

This post has been edited by icemanfx: Jul 15 2022, 04:11 AM

Hi, can you please re edit poorperly, tks

Wow so many optimism here

Don't buy this year, buy next year, sure drop kaw2

Been saying that since 1990s so it must be true

If opr keep going up then maybe prices will fall.

But then 6ou would have to pay more also.

It won't fall. The worst is price remains static.

people will just tank it forever.

Remember people that bought the properties are probably done making multiple buckets of gold with strong financial saving that going to pass on to the next generation.
For them, it is not about the price, it is about passing the assest to the kids.

For those who bought at the expensive price during peak, probably will never sell it cheap. Hold it forever and live on.

Those that selling actually from auction or those that need urgent money(bankrupt soon, etc).

So price not going down anytime soon.
Unless there is a major breakdown in economy.

Malaysia property blessed by those work in Singapore. It won't drop sharply cause we have lot of cash rich feller

Property is the worst investment now, not sure why agent still want to promote about capital appreciation nowadays. Own stay yes but for investment fk no

All got brainwash scam by property guru A****

The prices of landed property, especially those in good location is less likely to fall too much.

The cost of buying will be higher due to increasing interest and inflation, and this might affect the rental yield for the owner.

If i have cash, i might not buy a landed property to invest now.

Foreigners / those earning foreign currencies untung la! Good 4 them!
But 4 locals, nothing much change.. since still using rm…

Takkan you expect property agents selling properties for a living to tell prospective buyers not to buy?

U take them seriously?
Of so many types of agents, property agent is least trained n least pro. Any unemployed /housewives can bcum agent overnight. 1 day course nia… or hide behind a senior with ren#. Then bank on luck by making random cold colds.

It is time for the gov to regulate the real estate industry. Low entry barrier into this industry will cause many problems for consumers.

I'm actually ok if they promote it as a form of rental income but gone were the days for capital appreciation and personally I think property price won't drop alot but it will get adjusted or stagnant for quite some time. I think investor still can enter secondary market or auction for investment since this is still the safest way to go against myr depreciation (cash inside bank become peanut yo).

Buy fr secondary market safest. In case half way thru developer x deliver ( like current China cases). Pay abit more 4 something ady exist better than bank on getting it 3-5 yrs down d road! V nvr know!

Yeah, with hyperinflation, money in bank is worthless. Property bot will eventually terus appreciate after depression.

Sad la Msia.

I dont think the market will drop..since the goverment come out n help already...

Perhaps people who over leverage will sell cheap, as interest rates are going up, living cost go up. Not everybody can sustain multiple properties.

I think many here who cite rising construction cost and high in demand are just looking at 1 of the many factors that drive the property prices. But they forgot about another key factor - affordability

Of course it is more secure and many pros to buy subsale, I believe the mass is not that they don't want but they simply can't.
Let's say a condo or a landed in KV is between 500k-1m, and look at how much is the average saving in our EPF, and gauge that how many ppl can afford 10% do + lawyer fee etc.
You may say some are self-explored, and it is not accurate, again they are not the majority.

Building materials price rise only affects poorperly yet to build or launch, which is less than 10% of total stock.

Those die die must buy these overpriced new launch are deserved to pay water fish price.

Iceman and gang have been predict their stupid property bubble implode theory since donkey years


But...... Anyway just accept that you can't afford property so continue renting ja

Without government interventions, yes it will fall.

But no government of the day want it to fall. Various countermeasures will be deployed, discounts, rebates, 1st time buyer scheme, you name it. And so it stays.

Who ever thought that Russia and Ukraine will have a war?
How about mini potato country on the map and its neighbour countries?

Why would property drop, it own by banks, banks will hav gov to help to boost property market when there low sales. If property drop badly, bank shares will suffer badly as well. Usually it is the b40 market tat hav poor sales.

This post has been edited by David900924: Jul 16 2022, 10:47 AM

Expect property price drop is like expecting inflation to reverse.

When loan interest rate is high enough, inflation rate will drop.

Inflation rate drop just mean price stop increasing. Impossible for price go back down.

600k
Go to 750k

Then balik 650k

For those byy 750k.. is drop lo

For those 600k.. still no drop

i know of a person with > 10 properties

if too desperate open market for foreigners, last card

My relatives have more than 10 too, seem to be alright. Not everybody will be able to sustain tho if more people can’t afford to rent. For example my relative told me she has one condo near Klcc, pre pandemic renting out 4.5-5k a month, now only renting 3.5k. Which means monthly need to fork out more than 1k. Not huge sum for them but imagine if it’s multiple properties. Cash flow very important

I think it can be very dangerous to hold to so many properties.

1-2 properties can already be headache for many people with rental chasing etc....

Foreclosure price is often cheaper than market value.

I used to be an avid property investor and speculator.

Klang valley and most urban area properties are no longer good investments unless you bought them pre-2010.

Cash flow? Nope. There isn’t any positive cash flow properties you can invest in any longer. Most are too expensive and rental rarely ever covers cost of ownership and maintenance.

Capital appreciation? Nope, most Klang valley properties are in stagnation and if you have a brickz account you’ll know that the secondary market isn’t moving all that much. Inflation however is eating into the value of your wealth.

Is it still a viable investment? Oh it depends, I own several old aged care homes and recently opened a confinement centre, if I didn’t buy the property then these businesses are at the mercy of a landlord. It’s a decent instrument if you’re fairly young and using it as a means for retirement or saving for your kids higher education, yes there are many better instruments but don’t bullshit yourself that you understand these instruments all that well as you’re probably not Warren Buffett.

Is it a good time to buy? It’s a buyers market now but it’s a good time to buy a nicer place for own dwelling. A decent time to buy something for each of your kids if you’re not planning on sending them overseas. It’s also a fantastic time to invest in property for certain business needs.

But the absolute best type of property you could invest in are freehold agriculture land that doesn’t have any type of ownership restrictions. If you find a piece of it especially if it has water and electric infra in place you better quickly snap it as soon as possible.

This post has been edited by icemanfx: Jul 17 2022, 02:57 PM

as long as still got crude oil to sell, the price would not drop. Only if the economy collapse then only will sell it cheaper.

Even rain dont drop these day....not to mention property.

when come to buy, easy, but when come to sell, very hard

will not drop because someones will take actions to prevent that

propeert is owned by rich peopl

rich people will take action to protect their wealth and most importantly they are able to do that because they can influence policies makers

the powderful power and wealth relationship

go back to simple demand supply relationship

currently supply is higher than demand,

in long term, the rich will ask the poor to produce more
rezeki

in short term, will target overseas buyers like investor and retiree as cost of living in Malaysia us actually cheap


T20 from other countries will come Malaysia
local, local upper tier remain T20， lower tier T20 fall to M40, lower tier M40 fall to B40

if Malaysia go bankcrupt
lower tier t20 and below all die
upper tier T20 eg： sri lanka president can escape from shithole

Last time used to think property will drop price like every other market which always have up and down trend.

Covid trend - the prices did drop a little but did not collapse. Now I'm in the property investment game and I can say it's dictated by the rich. You don't buy, you lose out or just be happy with whatever condition that you are in - condo/normal house unit. Lots of people will continue buying for their next generation and I kid you not, they goreng property like we buying clothes.

Honestly, the only way to earn from property crash is via others misfortune which is auction unit. Nonetheless, do your research first because majority people just buy via uncle aunty and parents advice. Hold your money until a good investment place come along or just buy via feelings and earn even more to dictate your lifestyle.

According to wealth reports, only about 4% of adults in this country have over USD 100k net worth.

Poorperly is not the only investment opportunity available. Buy poorperly like vegetables or for their children is few and far in between.

Until poorperly overhang is reduced substantially, price will remain suppressed.

Poorperly is illiquid, price take years to bottom. As most bought with bank loan, price rise slower than loan interest and expenses incurred e.g price stagnant is a financial losses.

This post has been edited by icemanfx: Jul 17 2022, 07:40 PM

I am interested with what you mean properties for certain businesses. What kind of business you are referring to?

Fallen briefly in 2020. manage to add one to my portfolio. One of my best purchase.

Poll?

Y dont invest bro

If you’re a developer now is a good time to increase your land bank.

If you’re a successful farmer now is a good time to buy more land.

If you’re a successful restauranteur and don’t own your own premise or want to expand your premise then now is a good time to buy a new shop.

If you’re a manufacturer or industrialist then now is a fantastic time to buy a factory.

If you operate nursing or confinement homes like me and fairly successful at it then there’s no better time then now to source for new properties to expand.

Along that lines.

This is the time we steadily build our portfolio so our future gen can enjoy fruits of our labour.

So they don't need to say how I wish my grandfather bought one lolz...

As per usual, one gen suffer, another enlarge it and the next enjoys it....

bruh, for subsales market, it's already falling, and if u plan to go for new development project, it's impossible it will be going down any time soon as labour and material cost is bursting

Assuming you are talking about landed residential property, if we rent the property out, I think the rental yield is no longer attractive considering the higher property prices; if we are looking for appreciation, i believe it will take years to get good returns.

I agree with the reply above, it is a good time to buy for own/family use, but not so attractive for investment.

adrian wee said 400k proprty will become 800k in next 10 years. what chu waiting for??

have you seen any new house property development in Klang valley ? how many ? maybe far far away like Elmina.

Supply vs demand bro.

if condo, maybe price will fall

but not house, price there will always be sky high.

bro, have u look into subsales market? there's plenty of landed property selling way below so called "market price"

and it's even cheaper than the new project now as labour and material cost is increasing

how much more cheaper ?

loan so hard to approve

no surprise

but they are still damn expensive

for poorfag like me

subsales also must think about renovation

maybe scared off would be buyers

You talking about subsale not auction. Subsale you can go and check everything in the house first and find one that doesn’t need renovation. Please lah stop with the renovation fear mongering as if every subsale prop die die must renovate.

Loan hard to approve? As long as you have downpayment the loan approval for new launch or subsale is the same. If you qualify, you qualify.

Bro don’t bother la, there’s a lot of people who are in denial and trying to cover up the fact that property prices have been on a downtrend since 2017-2018 until now. If you compare against prices in 2015-2016, most areas landed subsales market price have easily fallen by around 20% only the super prime areas are not affected.

Those other so called “prime” areas like SS2, Damansara, Subang, PJ all already drop la. Example ss2, back in 2015 you can never find any landed props for less than 1m and mostly we’re selling around 1.2m. Nowadays you can easily find owners selling for 900k+ and sometimes even 800k++. Subang selling around 900k++ in 2015 now a lot are selling for 700k++ That’s a 10-20% drop right there. Of course you also need to be realistic la, don’t expect a drop above 30% for landed.

New projects prices won’t go down as developers have enough cash to build and hold and there’s always waterfishes around.

yeah correct, imo property memang is going down now and it's undeniable

for ppl that can't afford, u can't afford doesnt mean it's not going down, just that the amount is not up to ur expectation so u feel like "it's not going down"

if u try to look for more outskirt place like balakong, seri kembangan, kajang, for normal landed property that landsize 16xx sqft, the price is around 500k, or below

if u loan for amount of 500k oso hard to approve, son i have a bad news for u, even banks think that u shouldn't own property

to get a subsales unit that's not prime area like KL/PJ/Subang, include 10% down payment + basic renovation u need 100k cash, if u dun even have 100k, i dun think u r suitable to own a property

Drop? Nah. Those with holding power will keep. Those without holding power, will sell.