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

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Chrono-Trigger
post Jul 16 2022, 06:33 PM

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QUOTE(Dingdongcc @ Jul 15 2022, 10:31 PM)
Perhaps people who over leverage will sell cheap, as interest rates are going up, living cost go up. Not everybody can sustain multiple properties.
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i know of a person with > 10 properties
Chrono-Trigger
post Jul 16 2022, 06:34 PM

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QUOTE(Steponlego @ Jul 16 2022, 10:34 AM)
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.
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if too desperate open market for foreigners, last card
Chrono-Trigger
post Jul 16 2022, 08:26 PM

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QUOTE(Dingdongcc @ Jul 16 2022, 08:15 PM)
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
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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....
Chrono-Trigger
post Oct 30 2022, 08:43 AM

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QUOTE(icemanfx @ Oct 29 2022, 08:14 PM)
Bnm will rise loan interest rate soon after ge15 else purchasing power will drop, more detrimental in the long term.
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Depending on where you stand financially.

If you have lots of cash , debt free - rising interest rate is GOOD for you long term. You have more returns from FD, PNB ASM funds, EPF, and you have lower inflation. In short , you become richer.
Chrono-Trigger
post Oct 30 2022, 12:38 PM

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QUOTE(jrshow @ Oct 30 2022, 12:19 PM)
poorperty actually not much gain also, big risk

for example ur SPA price 600000, if u sell 700000 also not much gain, why?

SPA lawyer fees 30K
RBGT 30% 10K
Agent Fees 21K
Seling Lawyer fees 10K

nowadays not easy also
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Buy for own stay is ok, need a place to stay
Chrono-Trigger
post Apr 30 2023, 04:22 PM

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buy property for own use , don't care appreciate or not right?

if buy for investment , then of course worry about appreciate or depreciate...
Chrono-Trigger
post Apr 30 2023, 04:41 PM

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QUOTE(A.B.D. @ Apr 30 2023, 04:28 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.
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Good idea.

I see a few people, having lived in big banglo and houses, downgrade to condo once one of their spouse passed away , moving in to live with their children.

Some convert to condo, using the landed property value to sustain their later years.

Cannot "win" every time property market, sometimes untung , sometimes lose money. That is life.

Like me, I bought a condo because I thought I would work at that area, but life circumstance changed few years later...

Regret ? A bit in the past, but then, that is life. We cannot predict everything and expect to be correct all the time.

This post has been edited by Chrono-Trigger: Apr 30 2023, 04:43 PM
Chrono-Trigger
post May 4 2023, 11:46 PM

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QUOTE(Sihambodoh @ May 4 2023, 11:02 PM)
Ploperty flippers will face reckoning soon. 15 years of non stop printing allowed them to party for so long. Now there's no more moratorium or EPF withdrawals to help them stay afloat.

For those who say material labor cost up, how can ploperty price go down? Just look at US. When nobody buys, the market doesn't give a fuck if your cost has increased. You sell cheap or gulung tikar.
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too big to fail, banks profit, etc all linked to properties like a lot....

no way government will let it fail, worst case scenario, allow foreigners to buy
Chrono-Trigger
post May 5 2023, 11:15 AM

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QUOTE(nxtpg @ May 5 2023, 09:17 AM)
i atopped buying for investment since 2015. only buy to stay for location and can reno to own taste. even then, planning to sell of at some  loss now as want to move to another area and bigger unit. why sell? prop getting old, maintenance fees, price stgnant and dropped a bit from 2017 and i dont see price going up in next 10 yrs. money kept in epf also will generate returns compared to losses on this property
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yes buy to stay only.

I think the property problem was due to extra loose monetary policy and low OPR in the last 10-20 years, a lot of money went into property.
Chrono-Trigger
post May 10 2023, 04:39 PM

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QUOTE(A.B.D. @ May 9 2023, 07:39 PM)
The example I gave is to point out that since it is not possible for a desired area to have zero demand, then how high is the possibility of crash? Lelong also will see buyers push higher and higher because it’s worth it for them. Bank will always lend to qualified borrowers. Since you look for property in 2011 until now, government has tried to keep interest rate low without big jumps to encourage economic activity.

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Indirectly, the loose monetary policies in the 2000 and 2010s have contributed to the state of property market now.

The government can take the easy way out of pushing OPR to be low , but we will end up like Turkiye with runaway inflation.
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