Correct!

Cement, construction worker cost, steel, iron are going up to build new properties.

So property prices will not crash, the most is go stable.

It's fact lol, my wife working as QS, and she mention that even base level bangla labour cost oso RM90/day/person, and cement increase to around RM20/pack

needless to say sand, brick and steel/iron, so no doubt new unit price is maintain or going up
the onli price i can see going down is those slightly further like balakong, puchong meranti etc etc, prime area still sell like hot cake

I think cannot compare with Bitcoin… Butcon, stock, rolek, etc these are not daily essential items and are for investment or more precisely say people buy them just for goreng, people won’t die without it of course one day these item price will collapse, and then recover and repeat

Wondering if the car, house, food, clothes will these things price ever drop sharply in the world that population keep grow explosively and in a country that considered stable( low risk of war, natural disaster) . one can survive without buying car but still have to pay transportation fee, one don’t have house still need have to pay rent.
Of course buy many properties for goreng purpose that one cannot afford will surely have higher risk as it has no difference to buying stock and Bitcoin.

This 2 million unit unoccupied homes you can get it at 50% discount price? Property developer strategy is to build more and keep price up, will they give big discount just to clear these unsold overhang unit? It will be more like earn small lose big in long term for them. Like one for forummer said in earlier post, weak developer might die but not strong developer. Current property price still affordable for most Malaysian.

Bitcoin is gambling on non tangible things which is digital. It's not real so you can't compare. It's just like gambling at Genting Highlands, you know you will lose a lot of money so if you want to take high risk, then only gamble.

Are you willing to sell your things at a loss? Taking into account the inflation rate?

Last time can get a bowl of noodle for rm 4, now it's double at rm 8.

So selling at original price that we bought 10 years ago taking into inflation of 100% is taking a loss.

Talk is easy but doing is difficult. Try selling your things at a loss and tell me later.

The title is property market. Not some personal seller. So the sample target must be large.

According to the data of Valuation and Property Services Department (JPPH, 2015, housing price has increased
about 45% in the past 10 years.

KUALA LUMPUR: The Malaysian House Price Index recorded a -2% on-quarter reduction in the first quarter of the year (Q1 2022), according to the latest market snapshot by the National Property Information Centre (Napic).

The negative growth rate in prices represented a -0.1% on-year change compared with the first quarter of 2021.

Median house prices, however, reached RM433,430 this quarter, a 96.9% growth since the base year price of RM220,154 in Q1 2010.

Only high-rise properties showed positive change in average prices, growing 0.1% on-quarter to RM342,176.

The average price of terrace houses dipped by 2.2% to RM410,527, while semi-detached homes dropped 2.6% to RM660,636.

Detached home prices recorded the biggest dip of the property types listed. Median prices fell by 4.1% to RM617,678.

So only dipped a little bit due to covid, and still expensive.