Pandemic is over, PH is back in power, perception of cleaner and better government, optimism is back, people feel things can only go up from here, some people returning permanently from overseas with a lot of money. For your target of Subang Jaya landed houses, it is more likely that price remain stable or increase than to drop significantly.

That sounds really bad. I guess I am biased, because the few Subang Jaya landed home owners that I have met will not need to sell their house cheaply, just because of the situation you describe. But I could be wrong so hopefully you will buy a good and cheap landed in Subang Jaya real soon.

I think for property, this statement is not good, it is meant to make people feel bad and encourage people to buy in a hurry without doing due diligence.

In reality there is not just one boat, but many will come. After you have prepared your funds for deposit and miscellaneous cost and you have checked the loan amount you need and can get it, then you can search in your target area.

You only miss the boat when you found the property that you like and everything is prepared, but during negotiation you are not willing to accept say RM 5-10k difference from your target price and you walk away and it is sold to someone else. In this case you wait for another boat.

Been about 9 months since your post. Did you check for your target area of Subang jaya whether transaction price drop?

In case you don’t know can use this to gauge
https://www.brickz.my/transactions/resident...ya/ss18/landed/

It takes time to update and also depends on whether there are any transactions.

You can still compare vs earlier in the year or past years like 2020 and 2021 if you were monitoring prices.

I find this useful to check the trend of property prices in specific areas, not everywhere is the same.

I just listened to this BFM podcast, around 6:30min the MD of Crest Builder talk about construction cost going up and house buyers need to pay more.

https://www.bfm.my/podcast/morning-run/the-...fixed-contracts

Subsale will automatically adjust pricing up too. This is another reason house prices cannot fall, especially in the high demand area. And thread title specify landed house, worse still, in high demand area it has become limited edition already.

Yes you’re right I agree it can fall, but in a jagged line that goes up which has been the long term trend for properties in high demand area.
One can wait and possibly buy during a dip in future and best case can buy at same price but most probably end up paying more. Then the property is older, buyer’s age is older, loan tenure shorter and missed years of repayment during productive years.
In reality finding the right house with preferred criteria also takes time, luck and it won’t wait for you.

You’re right about some things here. In a free market surely there’s marketing tactics including fear mongering, speculation and other hidden behind the scenes things.
Now property and other things are priced with the assumption of double incomes compared to generations ago. This is the world now so it’s the reality for a buyer now.
I disagree with don’t buy young because, one, it does help to reduce wastages on unnecessary tobacco, alcohol, coffee, cakes and vices and secondly, one can own their home earlier too.
The right thing to do is to buy the right sized and priced property. And life is not fair, of course those with rich parents who help pay deposit or gift the home can affect others who have more ego than they have cash.
And by this stage all are adults, so it’s not other people’s fault (like developers, bankers, the so called 1%) if we didn’t do our homework and make poor decisions.

Predictability is not really a bad thing

I believe majority of these cases are not prime landed property as specified by TS.

At 17min+ he talk about a future project where planned selling psf price was 1.2-1.3k, drop to 900-1k after redesign and reducing offerings. Not a real drop for the same product.

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.

You can’t ignore the human factor. It’s the same everywhere, those who made money want to buy in specific area and push up the prices there faster than inflation rate. Then, those who are risk takers borrow beyond their capability to “gamble” there assuming further growth.

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.

This post has been edited by A.B.D.: Apr 29 2023, 04:40 PM

Now it’s around 4%, so far since 2010 we haven’t experienced the real high interest rate that I heard from older generation, probably closer to 10% or maybe more?

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.

This post has been edited by A.B.D.: Apr 30 2023, 04:24 PM

If never gonna sell then it doesn’t matter if appreciate or not as long as the area is perfect for you, better still if can get the cheapest leasehold unit.
If plan to downsize later and move to cheaper place then it helps that the house has doubled, tripled or more.

Ya that sounds about right.

100% increase in some of those areas since 2011. Great investment for those who bought instead of buying a 2011 Porsche Cayenne

There’s no fixed answer for this, it depends on the buyer,
what is available to them in terms of cash, loan, their knowledge and connections for repair, renovation, to get good tenants, etc.
Whether one makes a lot of money, make just a little bit for ownself and a lot for the bank, or be bankrupted by the purchase depends on the buyer.