Category: Kuala Lumpur / Selangor Props
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Property market Malaysia 2018? Slowdown is slowing down.
Everytime someone prominent say anything about the property market of Malaysia, we should note it down. Slowdown is slowing down means the downtrend in the property market where transactions are concerned is really slowing down. In brief, still dropping but not that sharp a drop anymore, for 2018. This is the comment from property consultant Rahim…
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Residential property outlook? Developers are switching…
In the recent MIEA Press Conference, Kelvin Yip, Associate Director of Frank Knight Malaysia Sdn Bhd presented the “Residential Property Market Outlook.” These are some of the points he presented. Since 2016, Malaysia’s GDP has been on a downtrend but in 2017, it has rebounded and in 2018, forecasts from most analysts show that the…
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Value still up even when transactions are down.
kopiandproperty.my was invited to MIEA’s Press Conference and Launch of MIEA Property Market Sentiment Report recently. I have a full time job, so naturally MMY the junior reporter went. Many good statistics were shared to all the invited medias. Please do contact them (MIEA) for a copy of all the presentations or if you are…
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RM585k? No problem, sold out within the same day of launch
Most people would look at me strangely when I tell them that the current slowdown is not because everyone is poor (Crisis?) or the property prices are way too high (Totally unaffordable) but one where the mood is a little negative coupled with some mismatch in expectations. By the way, just within the first month of…
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Consumer sentiment in 2018 is positive says PropertyGuru
It’s a little tiring to keep explaining that the Malaysian property market is not going to suddenly crash. Anyway, investments are always a risk yeah, so there’s no guarantee that some unforeseen circumstances will not change the current situation. Perhaps I let a survey from PropertyGuru do the explaining as to some reasons why the…
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No transactions, no changes in prices lah.
Last year (okay, only a few weeks back), a friend in Penang said, “Charles, you see lah, the property market is so slow, yet the property prices still show an increase. Makes sense kah? I think this figure is not real. Just look at all those advertisements, some condos are showing nothing less than 20…
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4 to 1 means 97,500 new homes needed yearly. (Then why oversupply?)
In my sharing during the recent iProperty Home and Investment Property Fair, I asked if everyone knows about the oversupply situation in the Malaysian property market. Many in the crowd nodded, acknowledging they know about it. Then, I asked if the oversupply will crash the market. Fewer people nodded their heads which is good. At…
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IJM: Aiming at hitting yearly target of RM1.6 billion (better than last year?)
If we want to know if the developers are in good shape, look at the results for the listed ones. No developers are immune when the whole market is suffering. Another one has just announced a positive outlook. IJM Corp Bhd’s chief executive officer and managing director Datuk Soam Heng Choon said, “We are quite confident…
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There is no property bubble in Malaysia? Why is it so.
What is a property bubble? This is the definition by investopedia.com: “A housing bubble is a run-up in housing prices fueled by demand, speculation and exuberance. … Speculators enter the market, further driving demand. At some point, demand decreases or stagnates at the same time supply increases, resulting in a sharp drop in prices — and the bubble bursts.” In brief, the…
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Malaysia property price? Increasing and now 25th highest in the world.
I was invited by Miichael Yeoh to share my thoughts about the Malaysian property market for 2018. Unfortunately, I do not have a crystal ball which can tell the future. In case anyone wants to know, I am just a working professional like most Malaysians and I do not buy a property every year or…