Dec 26 2023, 03:30 PM
QUOTE(jason1986 @ Jul 27 2023, 07:02 PM)
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).
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. 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).
Quote
0.0476sec
0.95
7 queries
GZIP Disabled