Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
TrialGone
post Apr 26 2023, 04:59 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(jrshow @ Apr 26 2023, 04:48 PM)
sure or not...many agent said quickly ride it b4 u miss the boat...alot of buyer...im refering sub sales
*
If u selling a product do u tell people to wait couple of years so they can get the product u r selling cheaper?

If prop do go up its just coincidence.

This post has been edited by TrialGone: Apr 26 2023, 04:59 PM
TrialGone
post Apr 26 2023, 05:04 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(contagiouseddie @ Apr 26 2023, 05:01 PM)
Might as well believe Mr Bean. Of course they want to make money, they will tell you all sort of story. Without you buying, they eat sand.
*
Pretty sure jrshow is one of those guy selling prop and thinking of spreading stupid hype to up their prop. Seeing way too many of these people lately suggesting prop market probably not healthy.

I know of couple lot for sale that has been in limbo since 2021 cause owner refuse to drop.

This post has been edited by TrialGone: Apr 26 2023, 05:05 PM
TrialGone
post Apr 28 2023, 03:27 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ Apr 28 2023, 02:06 PM)
I just listened to this BFM podcast, around 6:30min the MD of Crest Builder talk about construction cost going up and house buyers need to pay more.

https://www.bfm.my/podcast/morning-run/the-...fixed-contracts

Subsale will automatically adjust pricing up too. This is another reason house prices cannot fall, especially in the high demand area. And thread title specify landed house, worse still, in high demand area it has become limited edition already.
*
Well I don't about what u heard but they do fell. Cause regardless of material cost or inflation or whatnot, it all boils down to supply and demand.

It ain't gonna increase demand if salary remains stagnant and I don't think bank willing to extend loan further than 35 years lol

This post has been edited by TrialGone: Apr 28 2023, 03:29 PM
TrialGone
post Apr 28 2023, 04:16 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ Apr 28 2023, 04:03 PM)
Yes you’re right I agree it can fall, but in a jagged line that goes up which has been the long term trend for properties in high demand area.
One can wait and possibly buy during a dip in future and best case can buy at same price but most probably end up paying more. Then the property is older, buyer’s age is older, loan tenure shorter and missed years of repayment during productive years.
In reality finding the right house with preferred criteria also takes time, luck and it won’t wait for you.
*
..... Again demand and supply. The whole problem started cause bank got way too lenient in lending moneys during heydays. I just particularly hate it when seller does fear mongering to resell at higher price.

Case in point, everyone say the same thing about oil price. It can only go up..... Till it crash. 2008 amurica prop crisis, China evergrande, crypto, all freaking same hype.

Inflation is a thing but doesn't explain why prop jump 200% in few years. It's just due speculation plain and simple.

And please la, buying prop so early is the worst advice anyone can make. Ur job is uncertain, u dedicate too much of ur early income to loan repayment till u don't even money to support own family. I see youngster resort to loan shark despite having decent job. Buy when u have financial stability. Don't buy just cause of hype.
TrialGone
post Apr 28 2023, 04:42 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ Apr 28 2023, 04:39 PM)
You’re right about some things here. In a free market surely there’s marketing tactics including fear mongering, speculation and other hidden behind the scenes things.
Now property and other things are priced with the assumption of double incomes compared to generations ago. This is the world now so it’s the reality for a buyer now.
I disagree with don’t buy young because, one, it does help to reduce wastages on unnecessary tobacco, alcohol, coffee, cakes and vices and secondly, one can own their home earlier too.
The right thing to do is to buy the right sized and priced property. And life is not fair, of course those with rich parents who help pay deposit or gift the home can affect others who have more ego than they have cash.
And by this stage all are adults, so it’s not other people’s fault (like developers, bankers, the so called 1%) if we didn’t do our homework and make poor decisions.
*
Whatever la. I already say my piece. Buying based on ur logic will just accelerate the drop so I don't really mind lol.

One thing I can be confident about..... People never learn from history lol.

This post has been edited by TrialGone: Apr 28 2023, 04:46 PM
TrialGone
post Apr 28 2023, 05:06 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(peoplecallmefart @ Apr 28 2023, 04:56 PM)
https://open.dosm.gov.my/kawasanku

If according to chart by logic, the house price will stagnant soon despite the inflation rate, the house price will only increase with the inflation rate but not with high demand from the population of malaysia.

My next prediction for the boom in housing price is after 15 to 20 years later which is there are large amount of youngster grow up and step into workplace and will looking for new house. (But need to consider for brain drain effect too).

My own opinion is if u wan buy for own stay, go for it, if u are looking for investment, please please stay away from property market, the yield is no longer attractive already unless you are from wealthy family.  biggrin.gif
*
Its already stagnant for a while even before the pandemic. Of course just based on my observation and spam calls from prop agent that keep egging me to "buy now or regret" like desperate addict.

But I'm gonna be real here, the govt will probably step in do something really really stupid like lowering entry price for foreigners to buy or increase bank loan to 40 years. Cause those are the only ways to raise FDI to make themselves look good for short term. If not this govt, prob next one. Like I said....people will never learn from history.
TrialGone
post Apr 28 2023, 05:13 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(icemanfx @ Apr 28 2023, 05:04 PM)
In the long term, poorperly price rise at about inflation rate.

By 2030, maluhsia will become a ageing nation.
And majority of poorperly are not prime landed poorperly.
*
Inflation rate doesn't affect much. Inflation means when food prices goes up so too is ur salary. It's usually offset by bank interest rate as well if u got enough savings. Of course not talking about hyperinflation here.

So say in early years the prop is rm200k but now is rm300k but salary by average also increase from rm1.5k to rm2.5k, thats not much impact.

The main problem is speculation which people really should not fall for.
TrialGone
post Apr 29 2023, 03:57 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ Apr 29 2023, 11:59 AM)
You can’t ignore the human factor. It’s the same everywhere, those who made money want to buy in specific area and push up the prices there faster than inflation rate. Then, those who are risk takers borrow beyond their capability to “gamble” there assuming further growth.
*
.....thats called speculation la. U do know what that term means right?

This post has been edited by TrialGone: Apr 29 2023, 03:57 PM
TrialGone
post Apr 29 2023, 04:54 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ Apr 29 2023, 04:36 PM)
I see it more as demand driven price increase. But yes, the ones who can barely afford to buy in prime areas hoping to make a profit are speculating.
But then they are not buying cryptocurrencies and NFTs at prices that can rival a real property. So the risk of their investment crashing is very low, especially if they speculated in high demand prime areas where there are more occupied than empty houses.
Whatever the motives of the buyer, in the end it is the demand for prime area properties that are supporting or cushioning the prices during bad times and pushing prices up faster than inflation during good times.
*
I genuinely have no idea what you talking about. At the end it's still "speculation". There are already low occupancy rate already so again I don't know where u get ur statistic from.
TrialGone
post May 4 2023, 09:53 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(icemanfx @ May 3 2023, 04:46 PM)
To most home owner/borrower, 0.25% interest rate rise is less than a family brunch on sunday, is none issue.
*
Errrr.... It doesn't depend on opr directly. It depends on bank interest rate that's adjusted based on opr. And it's not mere 0.25%.
TrialGone
post May 4 2023, 09:57 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ May 3 2023, 10:56 AM)
Thank you Eric. We are very lucky today to get your detailed insider’s info here. It helps the reader to understand current situation for property industry and market thumbup.gif
*
Errrr.... He only explain why prop may be more expensive due to material and labour which I'm not disputing. But it will does not affect demand and supply which is a totally different thing.

This post has been edited by TrialGone: May 4 2023, 10:00 AM
TrialGone
post May 4 2023, 01:42 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ May 4 2023, 11:22 AM)
MCO time no demand, now got already thumbup.gif
More launches now.
*
..... If u say so. Lol

Like I mentioned before I don't really care if pipu bought not knowing what's the current situation. It in fact just accelerating the downfall. Doesn't matter what I said.

This post has been edited by TrialGone: May 4 2023, 01:45 PM
TrialGone
post May 4 2023, 05:21 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(A.B.D. @ May 4 2023, 03:26 PM)
ehh how can i say so? i just trust developers and banks have done the research. they are back to launching more projects now that it's post pandemic and spending multi millions.

you have money in banks and epf or not? if yes, you better pray they don't lose your money in the property and construction industry.

but one thing i agree is that it doesn't matter what you said or i said, our words have no effect on the property market  rclxms.gif
*
....... The whole point is not to trust developers and banks blindly, yet here we are. Hey let's pretend banking crisis now in amurica and China is a just a fleeting dream.

Man, so many flippers, prop agent and developers lurking here. /k is really popular haha.

This post has been edited by TrialGone: May 4 2023, 05:23 PM
TrialGone
post May 5 2023, 08:48 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(thickface @ May 5 2023, 12:56 AM)
You do know that if the property price drops like what you mentioned, we are all in deep crap because it defines the country stabilization. It means your money has no value or basically useless, only able to use it in this country.

Prior to that happening, like what some people mentioned, other methods to ensure money flow keeps coming in.

This can go on and on. I believe market is good for those who survey hard and smart. Don't buy overpriced things. At the end of the day, property is either an investment or a place you stay in (emotional attachment). If investment, sure got profit or loss. If emotional attachment, just buy ni.
*
If price keeps go up, its the same thing. It can only "drop" if high.

Funny thing is there are still prop owner that thinking of selling prop at >200% markup price lol.

This post has been edited by TrialGone: May 5 2023, 08:48 AM
TrialGone
post May 5 2023, 01:28 PM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(ericyong @ May 5 2023, 12:43 PM)
supply and demand are rather subjective - factors to consider include price range, location etc...

but in general, i would say in areas such as Klang - supply is still considered limited versus the high demands.
In PJ, supply is aplenty, but demands are also very high.

In areas such as setapak/wangsa maju area, plenty of supply - but you'll see mostly in the affordable range, and demands are still doing okay; just that people have more time to look at more choices...
If you're looking at higher end ones... demand is rather limited for high rise high end, but landed ones are still in big demand....
n different areas, different demands... if u read an OVERALL Malaysia or Klang Valley report, the overhang situation would be many.

But going into details... you'll find that those real affordable government-restricted ones, those 250k... those who wants it for investment, overqualified. those who really want it for own stay own use, qualify but cant afford... then you have the middle-range, those 450-550k.... demand are very strong, but choices also plenty. many interesting marketing gimmicks too - cash back, rebates, free reno, free ID etc etc...
one thing though, with interest rates going up, yields are not holding up as well... so rental returns could take awhile.
*
It does not matter if ur prop worth rm2mil if nobody renting or buy it. That's what I mean. So higher price is useless if u don't get profit out of it.

This post has been edited by TrialGone: May 5 2023, 01:29 PM
TrialGone
post May 6 2023, 11:06 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(vaksin @ May 6 2023, 10:57 AM)
Thinking the property price will go down is like thinking the food price will go down. Because of inflation, prices will keep on going up....
*
Of coz food price won't go down. But premises that sell the food closing down one by one though lol.

Again supply and demand. If ur price goes up way beyond average people salary, if nobody buys it, gulung tikar je.

That's why u see so many empty lots in newer malls like pavilion Bukit Jalil. Places like Daiso close down one by one when they cannot increase anymore.

And same with prop. Only reason why prop is still quite high cause the holding power here is resilient. But that really depends on how long they can hold with the jack up interest rate.

If our whole economy relies solely on prop investment i think we deserve the consequences.

This post has been edited by TrialGone: May 6 2023, 11:11 AM
TrialGone
post May 6 2023, 11:25 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(clyeoh1980 @ May 6 2023, 11:21 AM)
Your guys talk rubbish. The property price will keep on investing. It will not drop! Give me some example the residential property has drop? Like in Bukit Mertajam, the terrace house now is 700k+ !!!! Previously only 400k plus!!! Your guys are day dreaming and hoping the house price will go down. It will not !!!! So buy and buy !!!!!!!
*
Yes buy buy! Let's accelerate the demise!
TrialGone
post May 6 2023, 11:28 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(desmond2020 @ May 6 2023, 11:26 AM)
somehow, when everything under the sun has increase price at least 10% this year

and you folks is dreaming of property price crash?

lol damn fools
*
Doesn't matter what I think. What I can tell: stagnating salary, increase interest rate, inflation, etc and bank not going beyond 35 years loan. U can come up with ur own conclusion whether it goes up or down.

If it quadruple price not like I care, lol. I can earn tidy profit too.
TrialGone
post May 6 2023, 11:33 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(desmond2020 @ May 6 2023, 11:30 AM)
lol, sure, you own shit load of property

in your dream everything you have, sleep early
*
Amurica 2008 and Chyna evergrande crisis already got history of prop drop, lol.

Somehow prop owner/developee/flipper conveniently forget these events ever happen, lol. Dang hilarious.
TrialGone
post May 6 2023, 11:39 AM

On my way
****
Junior Member
603 posts

Joined: Sep 2017
QUOTE(Sihambodoh @ May 6 2023, 11:35 AM)
Actually have you ever wondered why you spend so much time telling people on the internet that property price can and will fall? What do they give you? What do you gain?

*
Cause some prop agent moron before tried to fcking scare people into buying sht prop with stupid can earn 200% next year. And I'm seeing same alarmist here. I got people I know that went deep sht into debt because of sht purchase following these gurus talk.

This post has been edited by TrialGone: May 6 2023, 11:39 AM

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0509sec    1.31    7 queries    GZIP Disabled
Time is now: 30th November 2025 - 03:19 PM