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 Working overseas, buy or wait?, property in Malaysia

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TSAREA51
post Feb 11 2024, 07:55 PM, updated 2y ago

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Hi all, I'm working overseas now and have the intention of coming back to retire. Question is, should I be buying a property now or buy only when I need it in the future? Looking at highrise for now...

Asking because generally I feel that:
1. Appreciate is slow/non-existent
2. From a foreign currency point of view, possibility of a loss in value is very real as seen from the steep depreciation of MYR
3. Rental yield is poor vs other investments say stocks

Feel free to correct me. And what advice would you give in terms of buying now vs future? Thanks!!
SUSSihambodoh
post Feb 11 2024, 07:59 PM

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Wait.

1. High rise will fall unless the economy gets better.
2. Currency devaluation and reduction of subsidies and additional taxes will all put pressure to the economy and property price.
3. Yes
4. All those who tell you inflation will result in higher prices are idiots. Inflation will only result in higher prices if it is a necessity and people can afford it. People are already looking for cheaper food or cooking, what do you think will happen to property prices?
sadlyfalways
post Feb 11 2024, 08:07 PM

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Im no expert, but prices seem made in Malaysia.

In the UK the further you go from London the cheaper it is

Last month we went to a new housing estate that was basically in ulu kelang and the cheapest house was a million

We also finally ended up buying a new build in Cyberjaya, and that price for a semi d was the same price I paid for my bungalow home in petaling Jaya 15 years ago
TSAREA51
post Feb 14 2024, 08:06 PM

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Thanks guys for your insight. Think I'll just wait instead...

 

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