tag:blogger.com,1999:blog-6171580944479668544.post3198646025341433398..comments2023-05-01T02:54:27.997-07:00Comments on Real Estate Investments in Malaysia: High End Penang Property Prices Set To Drop?sinleonghttp://www.blogger.com/profile/08940133804992601991noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6171580944479668544.post-35103091377797792022014-03-27T06:55:23.729-07:002014-03-27T06:55:23.729-07:00Where is this property that you have fall in love ...Where is this property that you have fall in love with in Penang?Unknownhttps://www.blogger.com/profile/17822977135813986012noreply@blogger.comtag:blogger.com,1999:blog-6171580944479668544.post-24898339890281999962014-01-02T00:34:46.299-08:002014-01-02T00:34:46.299-08:00i think prices are stagnant rather than falling. t...i think prices are stagnant rather than falling. those development where sellers have adjusted downwards to RM759psf, they bought at much lower than RM759psf in the 1st place. so, those asking for > RM1000psf have been asking too much only to readjust when they cannot find any buyers. <br /><br />due to lack of RPGT earlier, some buyers have requested sellers to mark up additional 10% to make up the short fall of loan. the question is whether bank valuation actually supported these prices. sinleonghttps://www.blogger.com/profile/08940133804992601991noreply@blogger.comtag:blogger.com,1999:blog-6171580944479668544.post-4845033645550595452014-01-02T00:28:17.653-08:002014-01-02T00:28:17.653-08:00In KL high end property prices have been dropping....In KL high end property prices have been dropping. In June 2013, there were units asking for RM1,300 per square foot. Today the same condo is asking between RM980~RM1,100 per square foot. There was 1 unit in the same development asking as low as RM759 per square foot. <br /><br />I guess in the last 3 years a lot of property has come into the market, rental yields has disappeared and owners are having a hard time servicing the loans, especially those that have over extended themselves. Balvinderhttps://www.blogger.com/profile/16298739213406051432noreply@blogger.comtag:blogger.com,1999:blog-6171580944479668544.post-1746409386206478512013-12-25T18:31:53.429-08:002013-12-25T18:31:53.429-08:00nowadays 500k to 600k cannot be considered as high...nowadays 500k to 600k cannot be considered as high end. i think high end here means those over RM1 million, no matter what the psf pricesinleonghttps://www.blogger.com/profile/08940133804992601991noreply@blogger.comtag:blogger.com,1999:blog-6171580944479668544.post-57748478093785238692013-12-24T17:58:02.146-08:002013-12-24T17:58:02.146-08:00The term high end is quite misleading. How much is...The term high end is quite misleading. How much is considered high end? If you look at the average couple, both engineers or one a senior engineer and another a senior HR executive, their combined income is RM8,000 - RM10,000. Based on this pay, this couple can afford easily afford RM500,000 - RM600,000 property. Actually this is main reason why condos which are newer and better are hovering around this price currently. As for price falling substantially, it has to be preceded by economic crisis in the manufacturing sector in Penang. If everything remains the same, even if salary increment is low, the RM500,000 - Rm600,000 properties cannot fall a lot. However, if you are talking about properties which are RM700psf or higher, I think better get ready for slowdown in take up. Happy buying. www.kopiandproperty.com Chia Lihhttps://www.blogger.com/profile/09718020000124783976noreply@blogger.com