Will you think the property market will fall soon?, will the landed property fall in 2024?
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 Mar 20 2024, 10:23 AM
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#1
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Senior Member
4,030 posts Joined: Apr 2010 From: Kuala Lumpur   
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QUOTE(Dingdongcc @ Mar 19 2024, 06:54 PM) Well as someone who has no property yet, I hope can crash but I don’t think will happen built wealth or cash reserve and buy lelong units. too many in KL/ Selangor especially the Condo. |
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Mar 20 2024, 02:34 PM
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#2
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Senior Member
4,030 posts Joined: Apr 2010 From: Kuala Lumpur
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QUOTE(Dingdongcc @ Mar 20 2024, 01:51 PM) I heard lelong alot of problem also Long time ago old units, nowadays 1-3 years old after getting keys also got lelong. |
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Mar 20 2024, 07:47 PM
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#3
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Senior Member
4,030 posts Joined: Apr 2010 From: Kuala Lumpur
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QUOTE(Dingdongcc @ Mar 20 2024, 04:38 PM) 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 That why said above, keep cash reserves first. If got money can Lelong game with a steal price. Nowadays too many "new", 1-3 years old unit already in Lelong auction |
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Apr 15 2024, 09:11 PM
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#4
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Senior Member
4,030 posts Joined: Apr 2010 From: Kuala Lumpur
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Back then b4 2010, most Lelong house are those very old, broken unit etc. Nowadays Lelong unit even got a "brand new" house at less than a year. Saw plenty for Condo/ Apartment for lelong in KL/ Selangor. Buying too many units following Property Guru games perhaps? This post has been edited by ayamxxx: Apr 15 2024, 09:12 PM JimbeamofNRT liked this post
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Aug 18 2024, 10:00 AM
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#5
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Senior Member
4,030 posts Joined: Apr 2010 From: Kuala Lumpur
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From what I see, it's not the property crashed etc but more lelong unit nowadays. Some even at relatively brand new unit, 1-2 years old unit. And its massive for lelong unit especially condo/ apartment with high dense at KV area.
If I got high cash, will choose lelong instead. Cash more towards house renovation for the slightly damaged house |
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Sep 20 2024, 08:02 PM
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#6
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Senior Member
4,030 posts Joined: Apr 2010 From: Kuala Lumpur
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QUOTE(kidmad @ Sep 20 2024, 07:47 PM) Now that's the right mindset.. some couldn't see the flaw on this they think that oh so many lelong unit.. economy is bad for all.. they couldn't comprehend some may be over leveraging and that's the cause, some could be going through rough time. Does these situations paint the same picture for the entire population in MY? As far as I'm concerned all the ones around me are doing really well. Not even told more lelong, mean more indication for poor economy etc. Just noted nowadays too many brand new or relatively new unit under lelong unit, vs 15-20 years ago. Property guru effect? Compression loan effect?Start the fear mongering when even condos got lelong at dirt cheap price and still no one is buying it. This thread is 2022 to date mark my words things would not go south for property, not for bursa. |
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