There ARE "property price adjustment" Now till next year..
What is that?
1)Type of property will hit the most - those with many units and new development and of course the profit margin - FLIPPER or SLIPPER
2) Type of property and Choice those FLIPPER or SLIPPER will sacrifice first (hand slaughter?) - they Most likely decisions will be based on : -
Most Money Making?
Crucial Decision :- how long can i hold?
3) Our Malaysian income affordability bracket - income vs instalment. How many people can afford houses more than RM3000 to RM4000 instalment? First, look around your friends, you should notice it and secondly why those properties especially condo selling at "that price" and still got people buying, who are actually the purchasers?. Gen Y? Gen D? Developer mimic tactics? SOLD OUT but ...
4) After GST implementation, we see a drop 15%++ in retail market and also 35% drop in housing loan approval, we are in a shrinking property market and our household debt ratio is actually and mathematically should be burst but our "confused" government published data for household debt ratio is always not "BURST". 99.99%
5) Holding power - who can hold is the KING...and who can hold and buy is the .....
Welcome on broad, Now tighten your seat belt...sit calm and be patient ... you are LANDING and is till LANDING... see you next year..
Gen D = Generation Dinosaur :)