Malaysia Real Estate

[boomerkk]

Seems the property market is really lagging, KLSE is fundamentally superb, times are good, people have jobs and are making more and more money.

There seems to be no shortage of new developments, super-luxury condos sprouting around KLCC like wild mushrooms.

But statistics show a sluggish property market, fewer transactions and deals being made.

Is there an oversupply situation, too many new developments but take-up unable to catch up?

[lando]

Hi boomerk, I wish i knew too. But i think that property is always the last to go down and the last to go up. As in, say a recession stocks are the first then at the end of the line will be property. Its kind of the same when things are picking up too i think.

For example just today, someone said that a condo unit that he bought for RM500k in 1997 when the prices were up is still somewhere around the same price today. But what he left out was that the price went down after the recession and is finally back to RM500k today. However, with time, inflation etc it probably still has some way to go before he gets the value of the RM500k he put in.

[ygun]

There is one anonymous research analyst told me it may be 4Q 2008.

But, it only affects area where the pricing already reaches at least RM1K psf, which is ridiculous high at this moment. I don't think it needs experts to figure out that everyday when u flip through the Star Classified, you can't help but notice more and more "To Let" on all the condos. A very simply supply over demand economic theory here.

Yes, it may be a burst, but rest assure.

As for the rest who bought a house or is going to buy, you don't need to worry about burst. It is like asking you whether it is good day to upgrade your PC. Of course, everyday is a good day to upgrade your PC! Property is becoming like a FMCG now! Especially now when the developers up the pricing to RM1.2K psf. Now, even thought it may be a burst, say it drops 50%, you still have a asking price at RM0.6K psf, which is also very high! This is the game that the developers are playing now. Gong Xi Fa Cai, all the developers.

[mudtel]

1.2k psf is so cheap man. Speculate to 4k psf lar. All they need to do is to deceive the public through the mass media by publishing a few uniquely high prices dubious transactions.

Even 4k psf is still cheap what..hahaha..lol these blood sucking developers. If the market collapse, the govt bails them out. If the market is good, they slaughter the public.

We are always at the losing end just to shelter our heads - big and small ones. Unless you have more than 1 property, you wont make any $$ from property.

[megatron]

[Goneraz]

My Take is that the property market have been very stable in Malaysia because most property owner buy out of necessity. So even when the economy is bad house is the essential that will sustain itself. Unlike Singapore, Hong Kong or US where Most ppl buy property to invest or speculate. So when the economy crashes in this country the property price will crash just like the stock market. Although in Malaysia we do not experience such fluctuation in property value but there are more and more ppl who are buying property to invest. So i suspect that this time round we will see some drop in the value of property when recession hit. I am not saying that recession will definitely hit this part of the world but the is a high possibility. Its happening in the states. Property value in singapore is still very strong because it is being fuel by the influx of foreign worker. HK is correcting itself. I think when the recession hit we will see corrective action like lower interest rate by Bank Negara, thats probably a good time to start buying again. As it is, i think its folly to be investing in propety now unless u absolutely have to.

..promo.realestate.yahoo.com/home-prices-continue-sharp-descent.html

[majidpucit123]

The Malaysian property market offers a good mid range investment opportunity to international investors seeking sensibly priced real estate with sustainable growth potential in residential sector. The constancy of the property market in Malaysia is based upon the steadiness of the country's economy which is currently expanding at a sustainable rate and benefiting from closer export ties with China as well as strong levels of foreign direct investment from the US, China and Japan.
_________________
Real Estate in Malaysia
Web Development
Hindi Songs
Dubai Hotel

[youbetcha1018]

[World IR]

property market gonna slow down.... bottom will be for few years period


_________________
The Million Maker
---------------------------
..tinyurl.com/autoprofits

[jv17]

well i think it will boom if you waited for the right time
_________________
Hello World