Hi All,

Need some advice for this issues.

As we know, now with unstable world environment also some uncertain issues. we know that inflation and the price for building material is hiking up.

Also we know that even Singapore, their property boom now is slowing down because of this uncertain issues.

Is it Malaysia also will become like this or Malaysian property still will be growing and growing.


Regards

It really depends on the location, and whether there is oversupply of property in that area.

In my point of view the demand for secondary property will still be there.

The subsale market is optimistic as under uncertainty market condition, rising raw/building material and high inflation, the demand for ready built property have advantage as buyer tend to purchase ready made unit to minimise the risk of abandon project..just my 2cts

I agree with Stewart. I think now more attention will be on the secondary property market. Plus, more people prefer an established neighbourhood versus one that is still only 10% up. The ready facilities, schools, etc are a big plus, especially for families with children and elderly parents.

If talking about luxury condos in the vicinity of KLCC, the market seems to be slowing down and the price drop more than 20%. E.g Binjai Residency was selling at RM1000-RM1200 per sq ft in the 1st Quarter of 2008, and now some owners are asking for RM800-RM900 per sq ft. Marc Residence was selling at RM1200-RM1400 per sq ft and now asking for RM900-RM1000 per sq ft.

Few developers also delay their project launching.

Upmarket location like Damansra Heights, Bangsar and PJ are always in hot demand. Whether new project or secondary market, the demand is huge.


But the rental rate for studio units in Johor Bahru has increased from RM900 to RM1200 per month due to high demand by the Singaporeans working in Johor and Malaysians working in Singapore. Studio units of Prima Regency @ Plentong can fetch rental return more than 10% per annum!!! Do you believe it? I myself just own a studio unit of Prima Regency at RM120k and rented at RM1200 per month.