As a property investor, we noted that there are few property developments where the prices are inflated, as in property asking prices, compared to the Property Sale Data's online websites.
Eg.
1) Scott Garden, transacted prices noted at RM650K. In actuality, my friend wanted to sell her unit at RM400K, but no one called. The asking prices are also low.

If you have other property developments where the prices are inflated, you are welcome to share them here.

Reserved

Reserved

I would say price is really depends on willing buyer willing seller. Seller want to sell 1mil, no one wants to buy, seller will have to wait until that time. It is hard to get willing seller.

But then, it is about evaluation from banks as well. Bank will look at recent transactions in that area and determine the price.

Nobody is going to fork out extra for inflated pricing UNLESS Feng Shui is super good!

Cannot take the official transacted price as the real transacted price as there is mark up/ mark down deal behind the scene. So far, I find trustable agent is the best source, lowest asking price in the property portal is the secondary best.

Or for investment, just aim for >5% rental yield to ensure not overpaying.

There is a few group of agent doing mark up ranging 10,000 all the way to 100,000 from the subsale property price.

The agent is earning the difference.

Who is buying? The agents are doing profile building for desperate buyers so they can even get higher loan amount to get some cash back for their cash flow.

This is my guess here.

"Everyone is sleeping with the Devil here"

That's how you ruin the real estate market

From my observation,when they're 1000++ valuation license only after decades of Merdeka, you opened up the market for manipulation.

The similar thing is now happening in estate agency , where only a few big companies having more than thousands of agent in one small area. You can call a few agents to sell your house and you'll find all of them come from same company.

When u monopolized the market, you can start to influence the selling prices.

Only Bolehland limit number of professional license here. Other international real estate market doesn't do that. That's how you grow a market and everyone got a piece of the pie

Let me choose another angle of view.
These are ads with lower than 400k(see link)
Has your friend sorted out if those ads are real?
If those unit(s) are real, l suggest your friend to study those units and see how her unit can justify for a higher price, eg better facing, better funished etc

https://www.propertyguru.com.my/property-fo...price&order=asc

Wow...this is new to me...

But the Bank's wont be so stupid to approve the loan based on an artificially inflated price which is too high from the market price right? Cause if the borrower defaults, then the bank matilah ...

give it another 2+4 years la, property prices oredi dropping...

Bkt jalil condos, then puchong... now abit of PJ...

later next year will spread to damansara hartamas and rhe rest.

Property prices in US, UK and AU already slumping... what makes our property prices soo special that it's immune to the bubble.?

How many WTS you see now in lowyat, already you should know its slowing down...

next 2-3 years will be good time to grab some property...

Sub-sale property may price drop, but new launching property 100000% wont drop price as all the building cost and land price inflated, how it can it be price dropping?

But for Sub-sale market (condo), its not ready primary transection item the first home buyer / new enter to property market buyer care about, they are more care about the new project only.

for the country you mentioned property price dropping, it have involved a lot of element including some country start to banned airbnb also affacted their property price, and its also rebate point, If property keep increasing from 0% up to 60%, but drop to 40%, and then go up to 70% then drop to 50%, and up to 80%.

So what mean property price drop? some people definition property drop should be at drop until 0% or negative it consider drop, but some people seeing as long it hit the peak and drop, then its already consider drop already. But Malaysia property ready hit the peak?

100k?

Like seriously...

10k to 50k is normal... Depends on the property prices...

Have price and no market is syok sendiri price.

Mark up price earn by agent normally happening in land / industrial factory. Because the price is very exclusive and not market value can be compare. And of course the target buyer is very exclusive as well. So this can be happen.

But normally for living property, the mark up method mostly occurs is for offset the downpayment and legal stamping. Agent barely get advantage from mark up price.

There's a few infamous spots in KV with rampant mark up activities.

Typically this is the speculator playground, infested with foreigners, vice activities, high dense and etc.

I guess whether price will drop or not would depend on the financial strength of the seller. Because in Malaysia, the economy is still generally healthy and growing albeit at a slow pace of sub-5%. People are still earning income either from employment or business.. I just read we have fully recovered to pre-pandemic levels. If so, there are buyers in the market with the money to buy but so long as majority sellers are doing OK, they won't drop their offer price so easily ....