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

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vaksin
post May 6 2023, 10:57 AM

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Thinking the property price will go down is like thinking the food price will go down. Because of inflation, prices will keep on going up....
vaksin
post May 8 2023, 09:43 AM

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QUOTE(TrialGone @ May 6 2023, 11:06 AM)
Of coz food price won't go down. But premises that sell the food closing down one by one though lol.

Again supply and demand. If ur price goes up way beyond average people salary, if nobody buys it, gulung tikar je.

That's why u see so many empty lots in newer malls like pavilion Bukit Jalil. Places like Daiso close down one by one when they cannot increase anymore.

And same with prop. Only reason why prop is still quite high cause the holding power here is resilient. But that really depends on how long they can hold with the jack up interest rate.

If our whole economy relies solely on prop investment i think we deserve the consequences.
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lelong property all shark buy only & risky because of so many unpredictable costs ie renovation, fines, taxes etcs.
true that some property selling prices dropped but bank values surprisingly keep on rising.
for empty malls, i think the land value will keep on rising too but the unit got no value.

 

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