Category: Kuala Lumpur / Selangor Props
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VulcanPost: Malaysian Property Prices? One expert and 3 Insiders’ views
Will the property prices drop from RM500,000 to RM300,000 in a few months time? Vulcan Post referred to Mark Chua’s FB post, “If property prices really drop from RM500k to RM300k, buying a property will be the least of our bloody concerns. The average Malaysian will have other f*cked up problems to worry about; namely…
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PropertyGuru: Buyers’ Market, still. Asking prices dropped 2.3 percent
I think all of us are aware that the market is indeed slow. A close friend told me yesterday that last month she sold her condo unit because the rental was was too low compared to monthly repayments and she did not want to keep paying RM500 for maintenance fees every month. Her unit which…
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Bank Negara’s 6 policy options. I like them all.
I think everyone has read that article about RM500,000 property dropping to RM300,000 in the near future. I did not write a response but I did write an article about a few potential trigger points when the news about the 40 percent rise in unsold units first popped up. Here’s that article: Strategy with the 40…
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Frozen for KL. Luxury and commercial units development approvals.
Frozen. Development approvals of luxury high-rise, shopping malls and even commercial units which are over RM1 million are now frozen. This is the article in NST on 19th Nov 2017. Finance Minister II: Indefinite freeze on luxury property projects from Nov 1 A friend forwarded this to me and said that the government is now taking action after…
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Crash, No, Crash, No, debate continues. Action is similar.
On one side of the ring, we have a veteran real estate expert, Ernest Cheong who sees 2018 as the year that the property market may crash. The panic may start right after Chinese New Year in February. He also shared that developers are in desperate situation and that this was why they allow buyers…
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Press release by Sime Darby Property: “New Edge” of Subang Jaya!
I like Subang Jaya. I think it is growing and well, it has the convenience of everything, including even an airport. I stayed there for many years and even met my wife there. She was from Sunway College (yes, still a college then) and I joined INTI College (not the current tall building but just…
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Property prices rising higher than income, true. Why can we still buy?
Everyone tells me that their income is rising slower than property prices. I have to agree and I have to inform you that this happens in all countries and in some countries, the condition has become worse. Malaysia? Well, perhaps we are at ‘bad’ level now. Anyway, let’s start with a very simple illustration on…
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Unsold units up 40 pct. Strategy ahead?
Unsold units are up in Malaysia property market. Sorry, I failed to mention that it is up a lot. According to many news article yesterday, the number of unsold units as at H1 2017 is worth over RM12 billion. In units, it is about 20,000 units. (Fortunately this is not for affordable units, else, for…
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Bangkok has more international visitors than London!
Tourism is a foreign currency earning industry for any country. Imagine just RM1,000 per foreign tourist x 1 million tourists pear year? Plus the typical economic multiplier of 3 or 4 to the economy? Plus the demand for properties? This is especially when a country receives millions of foreign tourists every year. I still remember…