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

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SUSAccord2018
post Jul 17 2022, 03:20 PM

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QUOTE(David900924 @ Jul 16 2022, 10:45 AM)
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.
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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.


SUSAccord2018
post Jul 19 2022, 05:38 PM

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QUOTE(scorptim @ Jul 19 2022, 05:15 PM)
I dunno where you get this idea but everything got uptrend and downtrend. During downtrend time people selling at a lower price is the norm. Properties are not exempted from this rule. The last time there was a property downtrend was somewhere around 2006-2009 then after that came the super bull run around 2011. Maybe it’s harder to notice the downtrend since usually the downtrend for property is shorter than the uptrend period.
The topic is about whether or not there is a drop in the property market and the fact is it did drop. Whether it drop until it becomes affordable or not is a separate thing.

Subang Jaya can start from 600k to 900k depends which part and land size. Usually the cheaper ones are non gated guarded and location wise is at the most jammed parts of subang tho.
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you cannot just decide based on a small sampling. Overall the market value only increases in high-density areas and will never decrease unless msia goes bankrupt which is impossible.

You said 2016 got people selling 1-1.2M does not mean that was the market value at that time.

Btw LGE bought 2.8M only for a 4.27M valued bungalow and it does not mean the property value has fallen.

This post has been edited by Accord2018: Jul 19 2022, 05:45 PM
SUSAccord2018
post Aug 17 2022, 12:01 PM

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QUOTE(bonedragon @ Aug 17 2022, 11:33 AM)
Whether drops by 10% or 50% no one can predict. I think what we can say is that macros don't look good for continued appreciation in near term. In fact it's been stagnant for quite a few years. Developers are just one source of homes. Most of the unoccupied homes owned by people who want to goreng and have artificial holding power coz of the super low interest rate for the past 10-15 years. Will be interesting to see how the market behaves as BNM OPR continues increasing.

Also not sure why you will say property price is affordable for most Malaysian. Easy to lose sight of what 'most' Malaysian means in our society where it's very stratified not just by race but also income levels. Median household income is just RM5k per month.
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in theory, the land prices will only appreciate, especially in strategic locations. the private property owner can lower the price can be due to various reasons such as owing ah long, urgent to sell out etc.

“Significant increase in raw material prices. While the price of resin has stabilised, the price of other raw materials such as copper, aluminium and steel has increased drastically by 38%, 46% and 76%, respectively, from November's calendar year 2020.25 Jan 2022

Rising raw material prices to be key challenge for Panasonichttps://themalaysianreserve.com › 2022/01/25 › rising-ra


You should look at the raw material prices instead of some house prices throughout the years.
SUSAccord2018
post Aug 17 2022, 02:00 PM

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QUOTE(guest16888 @ Aug 17 2022, 12:41 PM)
property will not drop as it is held mainly by rich people
they do not need to sell to fund their life
only a handlful sell below price as baits, but those are 90% scammers who take your deposit and runaway
maybe they don't even own it or they are multiple owners

the issue with these properties, they face value is high price, but almost zero transaction.

unless it is island effect like singapore , the price never drops , as population and immigration demand push them up
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scarce resources will not drop price one especially human populations keep increasing. If you managed to see a cheaper one also because there is no buyer or that is a ghostly house. laugh.gif
SUSAccord2018
post Aug 19 2022, 05:49 PM

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QUOTE(wow1wow2 @ Aug 17 2022, 06:43 PM)
My area in Klang the property is increasing like crazy so I'm really curious which area is dropping now
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if got ghostly or owner owing ah long then maybe will drop lar. and the price shown online is not even an offer and they can don't sell you that price also. In my area, keep increasing got lar. Want then buy now before increases again after 10 years.

This post has been edited by Accord2018: Aug 19 2022, 06:09 PM
SUSAccord2018
post Aug 19 2022, 11:53 PM

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QUOTE(bonedragon @ Aug 19 2022, 11:11 PM)
People sell at a loss all the time to free up cash for more urgent things like paying for the mortgage of your main home, medical emergencies, or daily bills after losing your iob in a recession. What are you talking about?
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The title is property market. Not some personal seller. So the sample target must be large.

According to the data of Valuation and Property Services Department (JPPH, 2015, housing price has increased
about 45% in the past 10 years.

KUALA LUMPUR: The Malaysian House Price Index recorded a -2% on-quarter reduction in the first quarter of the year (Q1 2022), according to the latest market snapshot by the National Property Information Centre (Napic).

The negative growth rate in prices represented a -0.1% on-year change compared with the first quarter of 2021.

Median house prices, however, reached RM433,430 this quarter, a 96.9% growth since the base year price of RM220,154 in Q1 2010.

Only high-rise properties showed positive change in average prices, growing 0.1% on-quarter to RM342,176.

The average price of terrace houses dipped by 2.2% to RM410,527, while semi-detached homes dropped 2.6% to RM660,636.

Detached home prices recorded the biggest dip of the property types listed. Median prices fell by 4.1% to RM617,678.


So only dipped a little bit due to covid, and still expensive.

This post has been edited by Accord2018: Aug 19 2022, 11:55 PM
SUSAccord2018
post Aug 20 2022, 09:17 AM

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QUOTE(bonedragon @ Aug 20 2022, 09:13 AM)
The guy was saying people never sell things at a loss. Clearly he's never been on carousel or lowyat garage sales.

Dip is still a dip. Depends when u bought. In any case 45% over 10 years is a very mediocre investment. Buy to stay diff matter. As investment? Wasting money and effort including maintenance, tenants, quit rent, loan interest etc.
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That one is as a whole that's why 45% only. If you look at Klang valley alone, it could be more ya. The dip is only due to covid. Another 2-3 years will increase back. Have to see long-term, not short-term. If want short term can play stock or casino. Btw you wait for 2032 and compare the price again.

Don't forget the house is almost a zero-risk investment, unless you made the creator angry and caused a massive flood like in Sri Muda, then there is no choice.

Crypto, stock and casinos are high-risk activities, so the return is more.

This post has been edited by Accord2018: Aug 21 2022, 10:20 AM
SUSAccord2018
post Oct 27 2022, 07:32 AM

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QUOTE(icemanfx @ Oct 27 2022, 06:01 AM)
Poorperly price doesn't need to drop to be under water.


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property price may fluctuate but the overall market price will only increase as time passes. Unlike EGG price definitely will drop back to RM8 next year.
SUSAccord2018
post Jul 21 2023, 05:13 PM

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QUOTE(hellkvr @ Jul 20 2023, 10:43 PM)
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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bank treat that as investment only too many billion cash also must find place to invest. if developers bankrupt also the can lelong the properties

 

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