There is no right time to buy a property. There perhaps was a sliver of added opportunity during Covid when business opportunities were lower. You have to consider your goals with available opportunities at the time. Even then, the aftermath of Covid still presents many buying opportunities at the expense of others misfortune. But that’s the way it goes - real transference of wealth always has a winning and losing party.

Buying direct from a developer is like buying direct from a retail shop, rarely is it good value. If you want real good value, then you gotta go the factory outlets, clearance sales etc. Same principles apply for property given that high rises particularly are just a seasonal product.

This post has been edited by Cavatzu: Nov 3 2022, 03:56 PM

If you look at the forums about 8 years ago, everyone seemed to expect average unit prices to be above 1k psf but it hasn’t happened of course save for blue chip areas. In that case, prices have pretty much stagnated since then and in some cases regressed with developers building smaller and more densely.

There’s definitely good opportunities to buy but be smart about it and pick wisely. For investment, you need to be even more on the ball with the figures.

If you’re a first home buyer now compared to back in 2015, you’re in a much better position. Those who dipped their toes back in the day most likely are carrying an equity loss if not lost their property because prices were sky high and supply is not like how it is now.

This post has been edited by Cavatzu: Nov 4 2022, 08:15 AM

In an ideal world, buying subsale from someone who has fully done up the place and is still quite new could be a good buy. But as pointed out, the bank loan process doesn’t really support this.

But the virgin complex is still very strong with local buyers and there’s many cashed up buyers who still opt to buy under con things.

Much as we’d want to go up the value chain, it seems the opportunity has come and gone. Why hasn’t MAlaysia been able to secure much of the contract outflows from China? It’s all primarily gone to Vietnam and Singapore as HQ.

It’s not about the quick crash fall. It’s the agony of being slowly suffocated for years like in a crowd crush before you lose all will to live. Wouldn’t wish it on my worst enemy.

This post has been edited by Cavatzu: Nov 6 2022, 09:37 AM