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

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Pakatan SinMa Plus
post Jul 15 2022, 09:47 AM

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QUOTE(jrshow @ Jul 14 2022, 02:59 PM)
Will you think the property market will fall soon?
Especially landed property ,hot cake area like subang jaya?
after the increasing on interest, inflation, covid..nvr endless issue in future..
if you have cash, will you go and buy the landed property to invest now?
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The prices of landed property, especially those in good location is less likely to fall too much.

The cost of buying will be higher due to increasing interest and inflation, and this might affect the rental yield for the owner.

If i have cash, i might not buy a landed property to invest now.
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post Jul 15 2022, 11:00 AM

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QUOTE(TiramisuCoffee @ Jul 15 2022, 10:51 AM)
U take them seriously?  laugh.gif
Of so many types of agents, property agent is least trained n least pro. Any unemployed /housewives can bcum agent overnight. 1 day course nia… or hide behind a senior with ren#. Then bank on luck by making random cold colds.  laugh.gif
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It is time for the gov to regulate the real estate industry. Low entry barrier into this industry will cause many problems for consumers.
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post Jul 18 2022, 10:37 AM

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QUOTE(R231_SL65_AMG @ Jul 16 2022, 10:37 PM)
I used to be an avid property investor and speculator.

Klang valley and most urban area properties are no longer good investments unless you bought them pre-2010.

Cash flow? Nope. There isn’t any positive cash flow properties you can invest in any longer. Most are too expensive and rental rarely ever covers cost of ownership and maintenance.

Capital appreciation? Nope, most Klang valley properties are in stagnation and if you have a brickz account you’ll know that the secondary market isn’t moving all that much. Inflation however is eating into the value of your wealth.

Is it still a viable investment? Oh it depends, I own several old aged care homes and recently opened a confinement centre, if I didn’t buy the property then these businesses are at the mercy of a landlord. It’s a decent instrument if you’re fairly young and using it as a means for retirement or saving for your kids higher education, yes there are many better instruments but don’t bullshit yourself that you understand these instruments all that well as you’re probably not Warren Buffett.

Is it a good time to buy? It’s a buyers market now but it’s a good time to buy a nicer place for own dwelling. A decent time to buy something for each of your kids if you’re not planning on sending them overseas. It’s also a fantastic time to invest in property for certain business needs.

But the absolute best type of property you could invest in are freehold agriculture land that doesn’t have any type of ownership restrictions. If you find a piece of it especially if it has water and electric infra in place you better quickly snap it as soon as possible.
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QUOTE(jrshow @ Jul 17 2022, 09:12 PM)
Y dont invest bro
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Assuming you are talking about landed residential property, if we rent the property out, I think the rental yield is no longer attractive considering the higher property prices; if we are looking for appreciation, i believe it will take years to get good returns.

I agree with the reply above, it is a good time to buy for own/family use, but not so attractive for investment.
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post Jul 20 2022, 09:35 AM

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QUOTE(R231_SL65_AMG @ Jul 19 2022, 09:20 PM)
People often mistake listed/asking price as the price it will sell.

Also some people take the values they saw at brickz.my as the true gospel of how much a property sold for and usually forget that there could have been overvaluation in order for the buyer to pay less in deposits.
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True. There are too many tricks used by agents and buyers/sellers in real estate industry. This is another reason why the real estate industry has to be regulated.
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post Aug 15 2022, 02:21 PM

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QUOTE(jrshow @ Aug 15 2022, 02:03 PM)
will it fall soon?
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With the current inflation, the prices of raw materials, labour and marketing have been increasing. It is unlikely that the property market will fall much.

But ringgit devaluation is probably something to worry about.
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post Aug 15 2022, 02:36 PM

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QUOTE(Deathscythe@@ @ Aug 15 2022, 02:28 PM)
asking price for rental seems increase since April 2022
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High property price, ppl rather rent than buy...
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post Aug 15 2022, 03:13 PM

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QUOTE(jrshow @ Aug 15 2022, 02:38 PM)
rent also not cheap...

for example a terence house in USJ can rent around 1800 semi furnish
if installment also around 2.3K..
looks like not very worth..
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Yea, rental is not cheap, but nowadays rental also hard to cover installment, plus owner still need to pay for maintenance fee, property related tax, major and minor repairs depending on the property condition.
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post Aug 24 2022, 05:09 PM

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QUOTE(BL98 @ Aug 24 2022, 02:12 PM)
Reno costs so expensive.
People rather get new house for peace of mind and cost savings.
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New house also need reno, unless you buy those projects including renovation, but in the end the reno cost included in the purchase price.
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post Aug 26 2022, 09:24 AM

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QUOTE(ysc @ Aug 25 2022, 11:13 PM)
Makes a difference for many people because that cost is now part of the mortgage.
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Yea, but they will need to pay back the mortgage with interest. It is a increased burden for future.


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post Aug 26 2022, 10:14 AM

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QUOTE(TiramisuCoffee @ Aug 26 2022, 09:30 AM)
Any good renovator cum interior decorator aro ? Reasonable price?
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Probably other forumers here can help to recommend.

I do not have any good renovator / ID to recommend, as i spent minimum in renovation and ID. I just repaired the necessary and did some painting works, as i do not have much much budget for reno.
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post Aug 26 2022, 12:39 PM

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QUOTE(sixguyz_jayhan @ Aug 26 2022, 11:59 AM)
My humble opinion, for now, no. Trading of property has two peak, when economic goes extreme well or bad.
I investigate a few months, right now this period most of the owner started to sell their property due to cash demand. Probably bcos of the economic just start going bad.

1. Due to that, price will slightly float up, but not because of the value and demand of property only, but the demand of cash, which contribute to the MAJOR issue.

2. Another issue is, there is once a trend that most "shifu" and "agent team" teaching the consumer to sapu these properties to become rich. In a short run, price will hike. However, this create the problem of supply (house wanted to sell) more than demand (real buyer wanted to buy for living) in the future.

So, if you are waiting for price falling, wait until the situation that owners need a quick cash to overcome certain bad economic environment or, the confidence of acquire an assest lower.

But right now...I can't see the consumer are worrying bout it as world govs are trying to maintain the doubtful GOOD ECONOMIC SCENARIO....but starting with the Fed Rate and Overnight Policy Rate, which contribute to critical impact to recent property buyers. Another great impact is, property industry from worldwide starting to burst, especially China...so if have cash, only can wait until the things happened...
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I dont get your first point. If most of the owners started to sell their property due to cash demand, the supply will go up, and the price shall go down, right?

 

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