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

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nxtpg
post May 4 2023, 11:32 AM

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QUOTE(A.B.D. @ May 4 2023, 09:58 AM)
Property price increase is not linear, and definitely not the same for everywhere and every type. You picked 2015 which is after the super boom due to DIBS so prices have to level out over the following years.
Anyway 2015 until now is at least 84 months worth of rental! In KV that is easily RM 6 figures foregone if one didn’t invest in a well located rental property back in 2015.
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2015 was gst year. i sold my props before gst. buyer afraid price will shoot up. ... the true fact, 8 years after, price dropped a bit n remained stagnant.
nxtpg
post May 5 2023, 09:17 AM

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QUOTE(Sihambodoh @ May 5 2023, 03:45 AM)
When there is a major recession, most will be affected but not all. Also, it doesn't have to drop like 90%. Even I don't want this country to be like Sri Lanka. But in a major recession it can drop 30% to 50%. Again using US as reference, during the GFC, properties dropped as much as 50%. Right now, even before an official recession, luxury homes have already dropped 30% while commercial real estate CRE some have dropped as much as 80%.

I really don't understand why Malaysians are so confident of our property market like our economy is so strong. Even China is struggling in their property market.

The stupidest comment I always here is labour and material price increase. Like people must buy property and can't rent. Rental market is hot now, any guesses why?
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i atopped buying for investment since 2015. only buy to stay for location and can reno to own taste. even then, planning to sell of at some loss now as want to move to another area and bigger unit. why sell? prop getting old, maintenance fees, price stgnant and dropped a bit from 2017 and i dont see price going up in next 10 yrs. money kept in epf also will generate returns compared to losses on this property
nxtpg
post May 6 2023, 10:07 AM

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QUOTE(kidmad @ May 6 2023, 07:14 AM)
What you talking iceman.. 2012 only joined that's why say before 2014?

For me I'm mid 80s borned, if I could have bought prior to 2007, I could now be very close to retirement. That's when many condos selling approx 150k to 200k. Damn gooding those prices.

So do you know what's the lesson learned in this time line?
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if u bought at 2009/10 also can retire comfortably if u sold it on or by 2015

2009/10 to 2015- price almost doubled....

This post has been edited by nxtpg: May 6 2023, 10:08 AM
nxtpg
post May 6 2023, 11:36 AM

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QUOTE(icemanfx @ May 6 2023, 11:14 AM)
ManutdGiggs could testify i sold 2 units before 2014. both price doubled of what i paid. incidentally, recent price listed on brickz.my indicate price remain largely unchanged since i sold 10 years ago.
kidmad desmond2020
Unlike poorperly, no one buy food with leverage. it is foreclosure and threat of foreclosure cause poorperly price drop.
https://forum.lowyat.net/topic/4239930/+4500
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some transactions... penang-sold
condo 2003 rm160k, rm450 2013, now rm550k
landed 2009 770k, rm1.3mil 2015 , now rm1.1mil
landed 2009 650k, rm1.2mil 2015, now 1mil
officelot rm150k 2002, rm300k 2010, now rm350k
landed-mainland rm440k 2010, rm680k 2017, now rm600k

purchase
condo 2015 rm730k
2017 rm660k(buy subsale)
now rm660k- if wan to sell sad.gif



nxtpg
post May 6 2023, 11:41 AM

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QUOTE(desmond2020 @ May 6 2023, 11:39 AM)
you realize that 730k is S&P price, which developer give 10-30% of discount.

never buy any new property before?
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730k is also subsale market. not developer. property launched much ealier

This post has been edited by nxtpg: May 6 2023, 11:42 AM
nxtpg
post May 6 2023, 11:44 AM

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QUOTE(icemanfx @ May 6 2023, 11:29 AM)
bm price went up high at one time


now no demand already

its not penang


nxtpg
post May 6 2023, 11:47 AM

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QUOTE(LiQuID2 @ May 6 2023, 11:39 AM)
Landed are still on high demand now. It also proven it wont drop during bad times..worst s stagnant. Also there is a lot of cash buyers now.
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yes. landed is 100x better than condo, in holding value.... old units however did drop a bit from 2015 pricing... and remained stagnant. but got some gng price increased a bit
nxtpg
post May 6 2023, 11:50 AM

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QUOTE(A.B.D. @ May 6 2023, 11:45 AM)
Agree it’s not a good comparison because USA economy is very big, diversified and different from Malaysia which is still a developing country where property and construction industry is still very big.
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if u sold all units by 2015, keep the money in 4%compounding returns, u r earning. very good passive income compared to holding the property itself since2015. agree?

 

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