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

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Dingdongcc
post Jul 15 2022, 10:31 PM

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Perhaps people who over leverage will sell cheap, as interest rates are going up, living cost go up. Not everybody can sustain multiple properties.
Dingdongcc
post Jul 16 2022, 08:15 PM

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QUOTE(Chrono-Trigger @ Jul 16 2022, 06:33 PM)
i know of a person with > 10 properties
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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
Dingdongcc
post Mar 19 2024, 06:54 PM

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Well as someone who has no property yet, I hope can crash but I don’t think will happen
Dingdongcc
post Mar 20 2024, 01:51 PM

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QUOTE(ayamxxx @ Mar 20 2024, 10:23 AM)
built wealth or cash reserve and buy lelong units. too many in KL/ Selangor especially the Condo.
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I heard lelong alot of problem also
Dingdongcc
post Mar 20 2024, 04:38 PM

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QUOTE(ayamxxx @ Mar 20 2024, 02:34 PM)
Long time ago old units, nowadays 1-3 years old after getting keys also got lelong.
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what i meant by problem is, you need 10% then need to secure loan fast, if cant manage to secure, then 10% burn or need 100% cash. This is what i saw some people explain in other forum. So its not that easy to buy lelong

 

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