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 property price down, many bosses wanna dispose

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PAChamp
post Jul 29 2025, 01:20 PM

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I will take the centrist view. Property bull run may happen (maybe already happening) but in certain select locations only and not general. New property prices will NOT come down simply because land cost, building costs, consultant's costs, development charges etc. will always go up (inflation mah). BUT there are many locations where property prices have dropped way below developer prices (i know - i bought one of them), yes because developer sell at future price and adding all the "freebies". So both statements are correct with caveats. Generally, if you buy high-rise (non-subsidised housing) you will not be able to sell for a profit when collecting your keys - wait for 10 years maybe can.
PAChamp
post Jul 29 2025, 03:38 PM

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Commercials (shop lots) are also not as viable as they were. If you buy new, you are looking at low yields. Fo you bought commercials 10 or more years ago, then good chance you are in the money - provided area is correct. Entry point is way higher for commercials and even more for industrials. Risk is also higher. Get the wrong one may doom you. Tenant don't pay and refuse to move - its legal action which costs thousands. Not recommended for normal folks. For millionaires - yes.
PAChamp
post Jul 30 2025, 03:43 PM

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QUOTE(Unicorn27 @ Jul 30 2025, 12:20 PM)
Based on my observations, property prices only down for reasons below:

1. Bought at peak price around 2014

2. Bought wrong products, wrong location or wrong price

3. Over promised by developers such as the next DPC, the next MK, etc

4. Too many affordable houses. Unlike medium cost apartments 20y ago, developers are now building affordable apartments, which come with swimming pools and gym, overlapping with normal price properties. Now even worse is that affordable units inside service apartments. Parents buying using their children names. This is really affecting the normal price properties.

5. Call off of mega projects such as HSR, Bandar Malaysia etc, MRT 3 and lrt 3 also delayed

Despite all the above, certain strategic areas such as PJ, the rental demand is good, especially if you bought during MCO with good discount and free MOT 👍🏻
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To add on this point, the best time to buy in recent years was during MCO. Biggest drop then and many lelong units. But only those with cash or unaffected by the Covid downturn could take advantage. My industry was badly affected so I couldn't take advantage of lelong. If you compare now and during MCO, the price sudah naik.
PAChamp
post Jul 31 2025, 10:59 AM

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QUOTE(g5sim @ Jul 30 2025, 06:12 PM)
LOL okay. Tell that to the penthouse seller at my condo who let go of the unit t  at 480k 3 bath 4 rooms two master 2200 sdf with 1200ft skyroof adervised at 650,000 initially. Then just like Jay Sean's song, Down, Down, Down.. 12y old unit top floor. 20th floor.
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A few "motivated" sellers letting go at below market prices does not mean a property market crash. Even during market crash, some locations price don't drop, just stagnant. Now is not crash time. I have been through a few crashes - 1998, 2008, 2020. Some areas recover fast, some areas never recover. BUT need to beware. I feel Johor Bahru RTS/CIQ area dangerous because it feels like property bubble, a lot of hype and units snapped up like hot cakes - i won't go in. Previously, MCO crash nobody dared go in but those that did make money. Warren Buffet is right - go in when few people dare, run when everyone is buying.
PAChamp
post Jul 31 2025, 11:11 AM

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QUOTE(galkelly @ Jul 31 2025, 10:35 AM)
Eco majestic semenyih ....
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Due to location and plenty of oncoming supply in that area. I know of someone who worked in KL and bought there. The traffic everyday from there to KL is horrendous. They then rented a place in KL because cannot tahan. The prices in that location are exorbitant for the locals. The developer selling to Klang Valley folks but really not viable to travel daily. I tried it on a weekend and it took me 1 hour 30 mins! Imagine on peak period times on working day! So the low resale price there is due to location and developer high entry point. That said, it is a well planned township.
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