Nobody will believe landed in prime area like subang will fall

the most will drop few percent for those desperate seller

fall will never

high rise maybe

SetiaAlam is a gem, must keep holding to pass on to your kids.

That time I focused on buying freehold landed in PJ Damansara, should be better than Klang Shah Alam

And whenever you tell ppl you own setia alam property, ppl reply wah kaya la u, waaa ho seh liao, waaa fatt tatt lo, waaa chap dou lor..
Correct me if I m wrong...😂😂😂

i have, but i didnt c any ho sei liao lo...now even lost money

i have, but i didnt c any ho sei liao lo...now even lost money

condo

If you bought SCR, it's the most expensive psf in Klang...

The bull run is actually around 2000-2011, the rest is what we are witnessing which buyers for investment are usually purchasers in bulk , or that same group of high rollers keep on buying, which gives the impression of property prices still floating.
In fact prop agents are the one who bought some of the units because of good entry prices due to goodwill from developers ; will you be more convinced to buy from an agent who owns no or just one house , or with an agent with 4-6 houses

Loan interest of around 4% p.a. in past 12 years is a blessing, most buyers at that time took the risk and didn’t choose fixed rate of around 5%. It even went down to around 3% for some time for buyers who got BLR -2.5% or better.
Anyway loans cannot be free of charge, but in a well located property it can be easily covered by well screened good tenant.

It is true that costs have gone up a lot.

In comparison, taking just steel into account - prices per RM1900/ton preCovid, and rose to RM3500/ton in mid2021 before hovering downwards. Today, prices are still around RM3000/ton. And that is just steel - cement, concrete, glass, aluminium have all rose way above preCovid prices.

Labour costs is also another issue. Since the lockdowns and border closures in 2020/21, many foreign workers have gone back and could not come back. Then when they were allowed to come back, the costs had shot up tremendously. An Indonesian coming into Malaysia with permit and visa would cost at least RM5,000 including levy and permits. A Bangladeshi coming in costs as much as RM18k back in 2021, and prices have come down to about RM12-14k now but it is still very expensive compared to before. A carpenter used to earn RM90-110/day preCovid - today averages at least 175-200 already.

Interest rates have gone up too, causing the cost of financing to go up.
That being said, it is undeniable that the cost of construction had gone up a lot. Most of the affordable housing that you see today selling at RM250k for a 1000sqft - those are considered a bargain steal if you can qualify and get the unit because the cost of construction for these type of housing is already RM140-150psf. Taking into account consultancy and professional fees another 10%, local authority fees plus IWK TNB Syabas etc etc another 8-10%, marketing costs of say 4-5%, the cost of development without counting the cost of land is already almost RM200psf. IF the land is in a slightly more prime area, going for RM200psf, based on a plot ratio 1:5, the gross cost per sqft is already RM40 - and with say an efficiency of 80%, the cost would be RM50 already psf for land - making it already RM250psf.

Today, land cost are very much above those figures in prime areas - some are as high as RM400-500psf for areas such as Klang, Seri Kembangan and Selayang, and exceeds RM800-1000psf for areas such as Petaling Jaya. A more middle-cost type of development would cost at least RM300-350psf, and taking similar percentages, cost of such projects would easily be RM480-500psf.
ANYWAYS, property around the world have always been known as the best hedge against inflation. If you have some spare cash, or want to invest, it would be ideal to go into real estate. Kuala Lumpur and Klang Valley has got a peculiar double-whammy dilemma - its highest and most luxury properties are going for RM1800psf averagely, which is USD400psf - making it still the cheapest in the region versus Jakarta, Bangkok and even Phnom Penh. Singapore's highest are way higher. So theres plenty of room to grow. The only thing keeping our properties from going much higher are due to Government initiatives to keep on pushing the affordable housing (especially those with subsidies). If KL's properties were to be more open, I believe our properties would be much high and the market value would be higher.

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.

Should be crestbuilder/mbam eric yong then based on his replies.

It’s seem like the peoples in this forum thread are caveman, don’t know what is going on !!!! Hoping the house price dropping is crazy!!!! It will never drop!!! Wake up ! Wake up ! Wake up ! Get a life !!!!! Hoping getting sweet and affirmation from this forum are ridiculous !!! What these people in the forum know anything ??? Pathetic !!!!

Poorperly market need not crash for poorperly investment to be underwater.

Hopeful? Dude nobody wants prop to crash like amurica 2008. But prop pipu telling pipu or implying that ur house will worth 200% in future if buy now is deceitful and actually accelerating that crash.

Not all property the same and not all location is the same.

There is no one broom sweep all way of investing in property, you got to do your due diligence and put in effort and not just use common observation and derive at a conclusion that now is the right or not the right time.

From 2019 up till 2022 there is still a divergent of property returns although many say its a property glut/bear market. Some properties have gone up by quite a-lot while some stagnate or even drop due to firesales or glut.

In the end need to do own research. An example you see which property/location is sought after by buyers that has improved earnings in the past few years. Eg industrial exporters, O&G industry players, F&B owners. And next you check the supply in those area. If you see demand is strong with many of those demand coming from people with continued improve earnings vs a limited supply in the market, then probably that particular property or location will appreciate. The opposite applies to those you see real income has drop and the location they look for.

There are many variables in investing on any assets class. If you take the easy approach of a broad market view and don’t put in the detailed analysis and work, no matter which investment you do won’t yield good result. There is never a “best” / “golden” time for you to make that decision.

All investment required guts to make an informed decision under uncertain condition. If you want sure win, go for fd.

"Underwater" is the term for a financial contract or asset that is worth less than its notional value. More commonly though, the term is used in relation to a house, or another substantial asset, which has an outstanding mortgage or loan on the asset that is a larger amount than what the asset is worth.

https://www.investopedia.com/terms/u/underwater.asp

"Mortgage margin call" is unlikely to occur in this country unless borrower defaulted.

Wait so long already 6-12months is nothing la. Not like you can buy today also, that’s why open thread and asking right…

But your target area also many born and bred Subang kids are earning $$$ overseas, RM is weak and if they wanna invest in hometown they can pay the high asking prices as long as the unit is nice. Now Anwar PM some more, lagi want to invest back home.