To me, landed property price will always stick to inflation. Except you can meet desperate seller or bid from auction mkt.

Recently my banker send me the bank value for my old house. Surprisingly it is 50% more than my initial purchase price in 2014. Of course transaction price should be 80%-90% of bank value. But from here can see how crazy was the inflation in pass two years.

The price for new developer unit for same size property is like 70% more compare to 2014. Or they made it in much smaller size...

Take my father shop as example, 8 years ago the tenant hack one of the four pieces of wall, we only collect 3k deposit since that time the rebuild cost is abt 2.5k. In October, the contractor quote the rebuild price as RM6k and not yet include paint work, so tenant pay us additional 9k as deposit for the piece of wall to renew the agreement. The rental also increased to double compare to 8 years ago.

So the question is not how soon the landed house price increase, but whether the speed of our salary or income increase can catch up with inflation or not, to me one is like with speed of KTM but anotber one is with speed of bullet train.

This post has been edited by Jingle91: Dec 27 2023, 03:39 PM

Not sure about condo, but for landed I believe the price will continue to grow, depend on how high is the inflation.