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

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undentifiedKC
post Jul 18 2022, 10:15 AM

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bruh, for subsales market, it's already falling, and if u plan to go for new development project, it's impossible it will be going down any time soon as labour and material cost is bursting
undentifiedKC
post Jul 19 2022, 10:17 AM

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QUOTE(mezanny @ Jul 19 2022, 09:36 AM)
have you seen any new house property development in Klang valley ? how many ? maybe far far away like Elmina.

Supply vs demand bro.

if condo, maybe price will fall

but not house, price there will always be sky high.
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bro, have u look into subsales market? there's plenty of landed property selling way below so called "market price"

and it's even cheaper than the new project now as labour and material cost is increasing
undentifiedKC
post Jul 19 2022, 12:07 PM

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QUOTE(scorptim @ Jul 19 2022, 10:50 AM)
Bro don’t bother la, there’s a lot of people who are in denial and trying to cover up the fact that property prices have been on a downtrend since 2017-2018 until now. If you compare against prices in 2015-2016, most areas landed subsales market price have easily fallen by around 20% only the super prime areas are not affected.

Those other so called “prime” areas like SS2, Damansara, Subang, PJ all already drop la. Example ss2, back in 2015 you can never find any landed props for less than 1m and mostly we’re selling around 1.2m. Nowadays you can easily find owners selling for 900k+ and sometimes even 800k++. Subang selling around 900k++ in 2015 now a lot are selling for 700k++ That’s a 10-20% drop right there. Of course you also need to be realistic la, don’t expect a drop above 30% for landed.

New projects prices won’t go down as developers have enough cash to build and hold and there’s always waterfishes around.
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yeah correct, imo property memang is going down now and it's undeniable

for ppl that can't afford, u can't afford doesnt mean it's not going down, just that the amount is not up to ur expectation so u feel like "it's not going down"

if u try to look for more outskirt place like balakong, seri kembangan, kajang, for normal landed property that landsize 16xx sqft, the price is around 500k, or below
undentifiedKC
post Jul 19 2022, 12:10 PM

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QUOTE(mezanny @ Jul 19 2022, 10:23 AM)
how much more cheaper ?

loan so hard to approve

no surprise

but they are still damn expensive

for poorfag like me

subsales also must think about renovation

maybe scared off would be buyers
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if u loan for amount of 500k oso hard to approve, son i have a bad news for u, even banks think that u shouldn't own property

to get a subsales unit that's not prime area like KL/PJ/Subang, include 10% down payment + basic renovation u need 100k cash, if u dun even have 100k, i dun think u r suitable to own a property
undentifiedKC
post Aug 15 2022, 04:04 PM

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price for subsales is falling kan? but well ppl is in denial because new project price is hiking kekk

if 1 cant afford to pay for 10% downpayment + simple reno fees, then they shouldnt get a house
undentifiedKC
post Aug 17 2022, 10:16 AM

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QUOTE(bonedragon @ Aug 17 2022, 09:33 AM)
Interesting logic
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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
undentifiedKC
post Aug 17 2022, 04:50 PM

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QUOTE(Drian @ Aug 17 2022, 01:39 PM)
This talk of property will drop has been mentioned for 6 years already but it didn't happen.
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already and still happening, just that it din drop until ur preference range thats y u cant see it

 

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