Malaysia Real Estate

[beach12]

hi.. I'm new here and I'm been planning to buy a house end of this year.. I'm targeting a house in taman desa, kuala lumpur ( near mid valley ) . however price for terrace house here range from 5XX,000 to 7XX,000 . I think it's bit pricey but I like the location here.

Does anyone know when the real estate price will fall? I heard that it would be in 3 - 5 years time but I really want to buy a house there this year.. Not sure what to do.. Any idea?

[tkc]

in my opinion, landed property value at prime areas like taman desa will not fall. it will only rise slower during the property down-cycle.

[Andyloo]

yeah.. i'm 110% agree with you that the price for this prime location will not fall unless there is another economic crisis like wat happen during the 1997, as the material price increase drastically from time to time.... like wat happen to the steel price. since last year end, the steel price increase by almost 100%. this is onli the steel... wat will happen if the petrol price increase in the near future? i foreseen the property price will increase by another 10% to 20% in 2008.

[penguinjet]

I personal think the property price will not fall, it will keep increase over the time (what would you think the dropping price will be? 20 or 30%? In most case, this is the profit margin from developer. With the material cost increase recently, The profit margin from them even lower.). To me, if I need the house, I will buy it. (remember, those people say the housing price will drop not even know when the price will drop. They said it easily, because the person need the house is not them. The person who buy the expensive house in future is not them either...)

[youbetcha1018]

Agreed. Kuala Lumpur's economic status is stable. In fact, Kuala Lumpur and its surrounding urban areas form the most industrialized and economically the fastest growing region in Malaysia. I suggest that you have to invest your money right now to the terrace house that you're planning to buy before it goes up on the next years. As we all know, when a country is doing good with its economic they tend to increase all of its resources and that includes Real Estate.
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Miami Real Estate

[World IR]

it is even harder to get loans due to the credit crunch... interest rates also quite high with high loan


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The Million Maker
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