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?
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