Don't you follow the news? Lots of pundits, politicians, economists, etc are saying "the worst is over" and there's "green shoots of recovery".

In Malaysia, there was some drop in prices and demand until April. But since then, the stock market has rallied, real estate agents are reporting that demand has returned and prices are inching up again. Those waiting for a bargain might have missed the boat

This post has been edited by Malefic: Jun 3 2009, 10:46 PM

Some examples will be Ayuria and Kiaraville in Mont Kiara and Marc around KLCC. Not spectacular drop, just some price decline. But as I said, you might be too late ... there was a sharp spike in the number of buyers in May and most reasonably priced units have been snapped up.

Same case with my apartment in Subang. The real estate agents say most units have been sold except for a few outrageously priced ones ... they asked me if I want to sell my unit, say got waiting foreign buyer.

If you are interested in the serviced apartments near the subang KTM, you need to buy from the subsale market (from owner, not developer)

e-Tiara (completed 2 years ago)
Casa Tiara (completed 1 year ago)
Subang Avenue (just completed)
Saujana Residency, Empire, Olives (should be ready by 2010)

So your best bet is Subang Avenue, which is just next to Carrefour. They have 3-room and studio units.

If I'm not mistaken, only Taylor's Leisure Commerce Square campus is moving out. The SS15 campus will remain.

All the projects I mentioned are along Jalan SS16/1.

There's 3 projects between Carrefour and Mesiniaga. Subang Avenue is nearest to Carrefour, Casa Tiara is nearest to Mesiniaga, while e-Tiara is sandwiched between them.

Saujana Residency and Empire are next to Subang Parade and Wisma Consplant, separated by a road.

Olives is a bit further away, at the U corner where Jalan SS16/1 meets Jalan Kemajuan Subang.

As for Subang Avenues' subsale prices, I've no idea since the project has just been completed and the owners probably have not even collected their keys yet. If I remember correctly, the developer's price was around RM190k for studio and RM300k for 3 rooms. Expect the subsale asking prices to be at least 30% higher. Best if you look out for the ads in The Star, talk to a few real estate agents (take what they say with a big pinch of salt), then check the price with the bankers (who will ask their valuers) before you pay any deposit.

From what I've observed, many of the property speculators and "investors" are Malaysians working overseas (usually Singapore, UK, Middle East) who, thanks to the favourable exchange rate, have no trouble buying several Malaysian properties in a year.

Although I am a property owner who benefited greatly from the recent price surge, my sympathies are with those seeking to buy their first own stay property who are being priced out of the market.

So, I pray that the real estate market will crash and speculators, whom I despise, will learn the meaning of 'live by the sword, die by the sword'.

No, I am not afraid of losing my job

This post has been edited by Malefic: Aug 24 2010, 04:41 PM