Category: Kuala Lumpur / Selangor Props
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Banks are refusing to lend or buyers are unable to buy? Different things… ok.
If we like a property and we need a place to stay, would we buy? If we apply for a home loan for that particular property that we like with the bank, would they lend us? The answer to both is a YES. The similarity to both would be ‘affordability.’ We read about articles that…
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Property prices? Congestions would push it lower? Fat chance
Perhaps more applicable for the Klang Valley but actually I faced it even when I was still staying in Penang. We are about to arrive home. Perhaps just 1km away. A hot shower awaits after 10 hours in the office. Then, we realised that the traffic was at a standstill. We wonder why and by…
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‘A ray of hope’ for property market Malaysia
I am just quoting Knight Frank Malaysia executive director research and consultancy Judy Ong. She said that the recent rebound in Malaysia’s economy and strengthening of the Malaysian ringgit offer a ray of hope for recovery in the local property market. (we were not exactly having negative growth rates in previous few quarters, so recent…
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When we feel we are too poor to buy a property
This article was first published in July 2017 issue of Ivory Living “I do not have enough money to buy a property today,” my colleague shared during a lunch recently. He continued, “I am looking at many condos but I could not afford them. I am just too poor to buy!” This colleague works in…
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IDEAS: Property bubble Malaysia set to burst
According to an interview by FreeMalaysiaToday (FMT) with the Institute for Democracy and Economic Affairs’ (IDEAS) senior fellow, Carmelo Ferlito, the Malaysian property market is close to crashing because of the high unsold properties in the market. He explained that two economic dynamics will cause this. They include the prices of most homes beyond the…
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SP Setia: The worst is over for the property market, RM3b launchings coming
Property market is bad, according to some analysts. Property market is going to be good soon, according to some predictions. What do I personally believe? I believe in only numbers, results and by talking to my good friends from the property industry. Must keep myself updated. SP Setia meanwhile believes that the property market will…
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Double digit increase in prices even with the current slowdown?
It’s not easy to convince those who has yet to buy a property that prices are not likely to drop as much as it has risen. It’s far easier to convince those who already own more than 2 properties to stop and think a bit more before buying. Haha. Well, except for another financial crisis,…
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When the tide lifts all boats? When the followers willingly follow.
Still remember those crazy double digit growth years? Image attached. Look at the growth / drop in transactions and value. Both numbers are in percentage for easier reference. The two years highlighted basically shows that the VALUE dropped MORE than the drop in transactions. In other words, other than these two years, even when the…
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Extremely low rental yield may also mean bubble building
There are a few reasons why property bubble may burst. Here’s a few: Spotting signs of a property bubble, 3 points (Updated) Besides these few reasons, there is one which will start to inflate the property bubble. Remember this earlier article? When rental falls, so too would property price The reason why when falling rental will affect…