However rental price in outskirts area like cheras, sungai long drops lesser. Sales of property drop but property rental remains the same, just tat the rental price drops a lot esp in big city like KLCC, at its peak, 10k per month and now drop to rm6k, while some studios tat could rent at rm2k-3k now drop to less than rm2k. House owners are trapped in the war of fighting the price The earlier buyers would pay hugherĪfter two to three years when the projects are ready, the resale of houses will get even worse The worst time hasnt come, later developers because want to survive, will give up even better offer to attract more buyers. Now things change, bank needs to evaluate the house higher value then only ppl will buy Price drop from rm1900 to rm1300, now got lots of empty houses couldnt rent outīefore this market is very good, so the house owner berlagak I just done one sale, buyer bought the house at 480k and now tahan sakit sell off at rm380k. Now developers and house owners berebut the market so the house couldnt sell off The DIBS project buyers normally are investors, not buying for own stay, may cause resale Many companies go bankrupt, some houses just get key also kena lelong Lots of developers give better offers to attract buyers to buy house when the houses are about to ready, this wont happen normallyĪs agent, before this we focus on subsale, now many cant pay for downpayment, so they would opt for new project Those houses project comes with GRR also being called off
Property market gets stagnant till the developers find the property agency to help and sell off the houses Rm500k below house still got little demand but rm500k house sales not moving, bungalow even worse, no sales record made since early of year till now. Market not good, now even good reputation developer starts to owe money to the property agent company
House price increase 5.3% if compare to last year which increase less than 1%
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