Plenty available in Rawang, Sepang etc

You'll be even more suprised when you know how much rental these shoe-box unit can fetch

I personally feel that during the actual recession, u really need balls made of steel to actually buy a property. Reason :


1. Banks r too afraid to lend you money even if you could afford to pay the sky-rocketting interest.

2. Everybody around u will be telling u to keep your cash, cash is king, properties is expensive etc, times r bad.....negative feel that will drag u down.

3. U dunno if you will still be employed next month, hence should you really take the risk DURING A RECESSION?

4. You then realized that good property's value doesnt drop that much, UNLESS we're talking about massive supply VS average demand.

Mate, totally disagree with your notion that the economy is tumbling down. From early 2007 till the recent election, we had the best stock and property run in years and the economy is gowing on a steady pace. This is the reason why banks can afford to offer such attaractive rates early this year and you could see it today.

Bottomline : Economy good -> we get good rates. My bet is that the moment BNM gives a 50bp rate hike, very unlikely that banks will offer such attractive rates anymore.

ok

I'd say anytime is a good time to buy a property with the RIGHT fundamentals.

I personally think one should only avoid newbie developers as strong developers usually have the resources to complete a project with or without recession.

being vested, I could only................................


Also a bit regret that I didnt have enuff.................



So glad that I choose to invest in properties rather than other instruments

Bro, dont mean to dash your hopes, but even during the last ACTUAL recession in 1997, properties in decent locations hardly goes down, unless we're talking about over-supply situation here, like MK and KLCC. In fact you might end up paying more as the property correction works both ways

As of today, there are decent bargains for one to catch, provided they looked hard enuff. Can still get a 3 room condo in KL for less than 170k, nearby LRT sumore. Wait somemore and properties like this will correct itsef UPWARDlS

This post has been edited by Pai: Jun 18 2008, 10:10 PM

Same feel here mate

KLCC and MK has too many speculators and the supply level is just overwhelming. Those who r looking to buy in these areas will be spoilt of choice.

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Added on June 19, 2008, 5:37 pmThe firesale u mentioned, what was the degree of discount available back then? 20%? 30%?

This post has been edited by Pai: Jun 19 2008, 05:37 PM

Then its no longer a "property depreciation" issue, its a liquidity issue intead.

The issue during recession is always liquidity. Prices will hold but there arent many takers around.