Property Market Malaysia: Recovering in-tandem with economy. I am not rich enough to buy properties in some advanced nations. I am not even sure if the banks would lend me the money if I were to do so. It’s okay, I do think property market Malaysia has a very long journey to go and this is perfectly fine for me. I do think property market Malaysia is doing well enough despite the pandemic but since I am just a blogger, let’s have those ‘authority’ tell you what they have announced after looking through the numbers yeah.
Category: Kuala Lumpur / Selangor Props
Eco World’s net profit for Q3 is RM35.15 million. Positive or negative? Property market vitality can only be seen from the results of property developers too. If they start to show losses, that would meant that sales are no longer growing and if their construction has to continue, this would lead to losses in the near term until they sold what they built. By the way there are developers who did not manage to sell all the units even after the project is completed yeah. This is where our overhang numbers come from.
Property market Malaysia. There is little doubt really. The highest property price would have to be WP Kuala Lumpur as it is small and it has the world’s tallest twin towers building; Petronas Twin Towers. Every home which is nearby (within walking distance) and everyone with a spectacular view of the Petronas Twin Towers would have priced in the extra exclusivity into the property price.
Commercial property. I have written many times but I will repeat one more time yeah. Haha. This is my blog mah. Stop equating dying malls with the state of malls. First, dying malls will still die unless they could find a niche and people could accept that niche. Second, new malls with good operators will slowly become the mall to go to and it will continue to pile new pressure on dying malls too.
Property investment: Climate change will affect valuation
This title is dedicated to all the property buyers who said they were waiting for property prices to drop before they jump into the property market and buy their dream property. Negative number means property price on average is dropping, especially if we compare the Q2 2021 to Q1 2021. It is a negative 1.6% for quarter on quarter.
JPPH: A total of 139,754 transactions worth RM62.01 billion were recorded, showing an increase of 21.0% in volume and 32.1% in value compared to the same period last year.
Without the sales gallery reopening, nothing much happens even if the unit could be viewed by potential customers online via virtual videos for example. Not many people I know would sign on a RM500,000 property just after viewing a video, no matter how awesome the video was. The closure has to depend on whether the sales person could answer my question or not.
Gardens Square by Gamuda Land launching in October 2021.
Landlord may go to jail for tenant’s criminal activities.
Overhang property. Too high and thus causing property price to drop?
I wrote this article one week ago. Rental increase of not more than 5% okay? I think some may still think that they can easily pay the extra 5% every year lah. Their increment of 5% per year is more than the rental lah. By the way, they are right. Take a look at a simple calculation yeah. Rental increase will always be smaller than the salary increment in terms of amount.
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