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

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jason1986
post Jul 27 2023, 07:02 PM

On my way
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695 posts

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Actually certain property prices have already come down say 10-20% for the areas around me.

On paper i'm making a loss too for a serviced apartment that i bought in 2018 for 500k. now asking prices for similar unit around 420-450k. Ouch. But since buying for own stay just close one eye for now.

Some other properties that I bought for investment however have increased in prices. These are the cheap shop apartments around 700sqft that I have bought for around 100-150k. Rental is pretty good too. Basically can cover loan with some extra. These are what I call property that caters for the needs market. everyone still needs a roof over their head right?

However, I dont think there will be a crash. Our generation has better buffers and more financial stability but based on charts, over time, property prices will still increase at least to set off against inflation (which technically means no increase in price but just our money getting smaller).
jason1986
post Dec 30 2023, 10:42 PM

On my way
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QUOTE(poooky @ Dec 26 2023, 03:30 PM)
Where can I find these 100k shop apartments in KL? I'd like an affordable place for own stay, but even the cheapest 500sqft studio unit that is not even within walking distance of mrt is at least 300k. It's infuriating how expensive property is when  considering how poorly planned the city is.. uneven and poorly maintained roads, inconsistent sidewalks, poor public transportation, highways everywhere.. literally 3rd world city planning, but 1st world property prices.
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still can find if you dont mind the buruk condition lah.

These are basic accomodation oh. No facilities one. Downstairs would be shops, upstairs residence.

U can try search at mudah.my select state, KL/Sel, select apartments, select price range from 100k to 200k. The ads will show up.
jason1986
post Dec 30 2023, 10:58 PM

On my way
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Senior Member
695 posts

Joined: Apr 2010


QUOTE(jrshow @ Dec 12 2023, 09:40 AM)
[KUALA LUMPUR] The majority of property agents in Malaysia say they are upbeat about the real estate sector’s outlook for 2024, with many anticipating that residential prices and rentals will increase in the next 12 months.

This was one of the key findings from a new survey by IQI, a global real estate agency network that’s also a member of Malaysia-based technology group Juwai IQI. A total of 203 agents and negotiators took part in the poll that was conducted from Nov 1 to Nov 22.

In a report accompanying the survey findings that was released on Tuesday (Dec 5), IQI noted that nine in 10 respondents (91.1 per cent) would advise a friend to buy a property, with the remaining 8.9 per cent suggesting that people should rent instead.
“The buy–rent ratio reveals strong confidence in the real estate market,” said Kashif Ansari, the co-founder and group chief executive of Juwai IQI who’s also the group CEO of IQI.

He noted that the numbers are nearly as lopsided in Kuala Lumpur and Selangor as they are country-wide, with 88.8 per cent for buying versus 11.2 per cent for renting.

He made the point that agents may recommend buying because they expect significant increases in both sales prices and rents in 2024.
***For those dont want to buy, here is the result for u***
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to be fair, you ask property agents of coz they will paint a rosy picture lah. otherwise how to get people to buy leh.

 

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