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 Malaysia property future prospect, advice needed

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TStimothy817
post Nov 25 2023, 09:52 PM

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QUOTE(nexona88 @ Nov 25 2023, 05:50 PM)
What I know...

My condo in somewhere in KV (privacy reasons - don't want state which project &location)

From 400k to now 1mil already 💰🔥
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wait a moment, is that for real? shocking.gif

suddenly i feel so bad for buyers of tropicana residence if your condo able to fetch that value, probably timing of purchase also an important factor
IAmYourFather
post Nov 25 2023, 10:40 PM

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QUOTE(1282009 @ Nov 25 2023, 07:21 PM)
Keep it as rental income unless u need cash now.
The most is u will get a PR in SG so why want to sell now.
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One can argue to sell and keep it in fd sgd is better than keeping it as a house to get rental income in myr, due to weakening of myr vs sgd
DragonReine
post Nov 26 2023, 12:10 AM

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QUOTE(timothy817 @ Nov 25 2023, 12:52 PM)
very very detailed & insightful post, i really appreciate your effort & kindness in patiently analyzing the pros & cons for me here

ya, definitely overflux of affordable housing like rumahwip, rumahselangorku & etc etc poorly performed sub sale project will be a tickling timebomb to the current market.

the current market is quite contradicting as well, as on one hand u see piles of lelong high rises here & there, at also same time u see rental market jacked up. rclxub.gif  rclxub.gif

my main reason of thinking of shifting to singapore is mainly due to weakening currency concern, still have not tender my resignation at the moment, i hope not to make hasty decision & put myself in trouble & regret.

your opinion is so helpful, i will be carefully reading it, thank you so much god bless u
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Moving to Singapore is a major lifestyle change la (much more competitive and cutthroat), and unless you have super unique skills that can compete in the SG job market, bear in mind that Singaporeans tend to treat Malaysians as second class citizens, same like Malaysian employers tend to treat Indonesians. So even earning in SG if it's not high enough to match SG's cost of living, you're not actually earning much (and SG is notoriously one of the most expensive rental markets in the world).

Some suggested that the market value of properties have gone up, but higher market value doesn't necessarily mean there are many ready buyers in the market, and there's an odd trend now where asking rent and prices are going up, but buyer and renter interest is going down unless you're in places now where population is undergoing rapid growth (Johor is a good example right now).

If your property is NOT an affordable home (which has cap on pricing) and is in a strategic location (near active business areas, good connectivity), there's certainly not much harm waiting unless you're debt laden and require cash, since the value should hold decently if location is good.

A conservative but "sure" strategy would be to sell ASAP and downsize to stay in a cheaper location/room/unit where the monthly rent+utilities is cheaper than the cost of serving instalment and maintenance of your current house. That way you get money in your bank account to prepare for moving, and you also lower your monthly commitment, enabling you to save more to move. At your current age, you need to start to seriously consider costs of healthcare (SG healthcare also not cheap) and retirement, so make sure you're well insured and you have already a decent retirement savings.
Aldo-Kirosu
post Nov 26 2023, 09:32 AM

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QUOTE(timothy817 @ Nov 25 2023, 09:52 PM)
wait a moment, is that for real?  shocking.gif

suddenly i feel so bad for buyers of tropicana residence if your condo able to fetch that value, probably timing of purchase also an important factor
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The park residence bangsar South is one of the good example project that price increase a lot.

It's all about the booster to boost a property value. So the problem is, where is the most develop area in klang valley now can happen miracle again like bangsar South.

But if you have budget, investing at desa park city 200% can't going wrong.
icemanfx
post Nov 26 2023, 09:35 AM

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QUOTE(Aldo-Kirosu @ Nov 26 2023, 09:32 AM)
The park residence bangsar South is one of the good example project that price increase a lot.

It's all about the booster to boost a property value. So the problem is, where is the most develop area in klang valley now can happen miracle again like bangsar South.

But if you have budget, investing at desa park city 200% can't going wrong.
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In the contrary, dpc transacted price hardly move in the last decade.

Aldo-Kirosu
post Nov 26 2023, 09:37 AM

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QUOTE(icemanfx @ Nov 26 2023, 09:35 AM)
In the contrary, dpc transacted price hardly move in the last decade.
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Yeah agreed, but instead of invest at other area that have risk the price will drop (due to density & auction etc)

Even dpc hardly move, but at least is hardly drop. So can save the money value.
SUSifourtos
post Nov 26 2023, 09:38 AM

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Condo = no solar

+ condo aged very bad in malaysia.

very bad

 

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