Materials and labour price rise has zero impact on completed poorperly. why one must buy overpriced new launch and not consider subsale?
How relevant is poorperly price in bkk, sg, pnh, etc to dwellers in kv?

Geez dude we don’t live in a silo. Everything is relative. We all use various metrics for comparison’s sake. Don’t know what job you do if benchmarking was never a thing.

They have made financing easier for new launches compared to subsale even if it’s not a better deal. Also the cultural preference for virgin toilet bowls is pervasive.

Sub-sale prices do rise in tandem with new launch prices. The impact is not direct but indirect. But i am sure you knew that already.

Buying new, there is a very dedicated and concentrated team to "secure" buyers with lots of freebies, easy entry, rewards etc. Buy sub-sale and a lot of things you have to do your self. Nowadays a lot of folks got no ready cash in the amounts required to buy sub-sale and thus have to buy new. Although by buying new, they are actually buying at market rate (unless they know somebody high up in the developer's office). In sub-sale, there is better chance at finding a bargain.

New launch price could be exorbitant but in reality, transacted subsale price didn't rise as fast or as high as new launch.

low entry cost doesn't equal to affordable, is often a trap.

The covid days were the best times for those wanting to pick up "cheap" property. Some buyers still expect properties to be cheap like those days. We can see that the auction prices have also been steadily rising generally as newer launches are getting more pricey or more dense. Crash is not going to happen because if it did it would have happened during covid. Forest city is an anomaly in Malaysia because Malaysian developers know our market and would never have developed and launched so many units at one time. The China developers fuelled by easy credit constructed a lot all at once because the costs were lower when more units built at one time and they misread the demand. Just wondering if they were allowed to launch forest city in PJ, i think they could have killed a lot of smaller developers...

I thought its because China Xi Jing Ping limit outshores investment cap to 50,000 RMB. Dont want outflow of capital out of China, cuz the rich are fleeing. And they have been fleeing for a long time, but just very recently China tighten up their money again

Does anyone here think property will boom despite the elevated interest rate environment? BNM isn't going to cut anytime soon, inflation macam on the uptrend due to supply issues which may mean one last hike. Overhang for condos/apartments still damn high. MYR weakening which means costlier labour and materials. China, Europe, US property woes due to crazy hikes all around. All in all a bad time to enter the market/industry..

It’s funny how people interpret things how they want to.

There’s 2 camps - you of course make perfect sense based on aggregate fundamentals then there’s the other - oh rents have gone up a minuscule of a percent and developers are still launching like mad so we must be in for a boom phase and I better buy before I’m priced out.

Contemporary history shows; those have vested interests tend to ignore facts and data, paint a rosy future to attract someone to take over their bag.

It’s funny how people interpret things how they want to.

There’s 2 camps - you of course make perfect sense based on aggregate fundamentals then there’s the other - oh rents have gone up a minuscule of a percent and developers are still launching like mad so we must be in for a boom phase and I better buy before I’m priced out.

If price is the key to boom; poorperly price in Taiping is cheaper than kv, why not invest in Taiping, no visa is needed.

What is more important? Affordable home price or developer profit? Contemporary history show, the higher home price, the lower the disposal income.

Property dev tend to have long gestation period, so this sudden influx of launches most likely started when interest rates were at an all time low, like 125 bps ago. Not to forget, listed developers are sitting on swathes of landbanks that they purchased aeons ago and need to monetise because shareholders expect certain revenue contribution reported every quarter.

Either way, with rising interest rates and high cost of everything really, I don't expect developers to escape this period unscathed. We're already seeing signs of distress in the debt market for certain developers, matter of time before it flows all over really

Macro view only contributes 10% to a property investment success and 90% is depending on the merit of the layout/ building/ area. Be it bad market or good market, there is always opportunity to get profitable unit (Southbrooks, R22, Sunway Belfied first launch, DPC landed, Elmina etc). Happy hunting.

Macro view only contributes 10% to a property investment success and 90% is depending on the merit of the layout/ building/ area. Be it bad market or good market, there is always opportunity to get profitable unit (Southbrooks, R22, Sunway Belfied first launch, DPC landed, Elmina etc). Happy hunting.

https://www.nst.com.my/property/2023/09/959...yP9tpWbKooXGSAg

Relevant authorities should just slow down the approval for new launches especially the mismatched products at certain areas.