Is it a good time to buy properties with the current situation? Let's discuss.

Everyone kept saying property market is slow and bubble is bursting, therefore it's a bad timing to invest. I assume it's mainly due to the GST implementation, our country's political issues and also our ringgit?

Bad timing for agents :( Most of the agents are starting to look for other source of income.

I've received mixture of feedback on this commonly asked question. Most of the agents I've met said times are bad for them and very slow in sales for them. However, on the other hand, I've met some experienced real estate people who are positive about the situation and said this is the best time to buy. Buy when times are low (provided you have holding power for at least 5 years) and when it goes back up, you will profit from it. I am hoping this is true :)

I know a lot of people who are still waiting for the 'bubble to burst'

Definitely NO! Economy is extremely bad now and I could use it for a better purpose or save it for a rainy day! =]

It's quite scary to invest right now with the current situation in the market

invest if one have holding power !

Based on Malaysia HPI, it is declining and I see room to decline further due to current bad politic situation/crude oil price/stock exchange. Should just hold your money for the next few months for property investment.

Whenever we can afford to buy, it's always a good time to buy but remember to negotiate.

Refer to year 2008, global economy crisis, what's the property price? It was shooting up how many times until now..my final advice, pls do ur proper homework before purchase any of them. :)

For current economic, currency and political situation being i would say from my personal point of view which if you have buying and holding power you will find some good deal in the market from those who wanna cash out fast from their property investment. Situation is getting not so good later on for the coming half to 1 year according to my understanding. Just my personal opinion.

Well, if you have buying and holding power, WHY NOT going into the market. Or else keep eyes open to observe the market in this coming months. You may surprisingly find some very good deal.

When market is going low, most people will think of way to cash out to overcome their financial situation.

Anyway, good luck and all the best to all investor.

It's simple, Would you travel to the USA or anywhere in times like these?

The results would vary depending on how much you earn, your spending & holding power and your needs.

In regards to buying property, if you can afford it... Dive in after you've done your homework and are sure of the property.

The common mindset of many is that they're waiting for the economic bubble to pop and Property price dwindle. But , we've been waiting for that for a long time haven't we?

In a nutshell and straightforwardly, if you can afford it now at the current prices.... Do it, If you're scared and think too much, You will NEVER commit to a property. You just need to take that one leap of faith... and the rest will follow.
'

As long as u done your homework, and the property is affordable, it's always good timing to buy. Property is always the best long term investment.

i would say YES. it depends on LOCATION,Selling Price and the CONDITION as well.
2 STY ,LA: 22x85, Located at G&G area, 12km to City Centre. "Below Market" ***below RM 1 mil ***
Is THAT valuable? if u can afford it, ITS A BIG BIG DEAL~~~
ring me up, 0127139962 for further info!!!

For those who need for own stay, i think there is no good timing :) u need it and u buy it

"You want to be greedy when others are fearful. You want to be fearful when others are greedy. It's that simple." - Warren Buffet

Times are good for investment now. But buy in the right place, a.k.a a central location like KL, PJ or Mont Kiara... if you can afford it.

Another example, what goes up will come down. And what goes down will come up. Everyone letting go of shares now, share market is like shit. What do you do? Buy now. What goes down will come up, remember?

Buy buy buy...But..do a research on
1) Location - always hold true.
2) Price - affordable and unit availability and surrounding market.
3) Potential to grow - 700psf or 800psf...ok kah?
4) Economic data - population, income, price movement, household debt ratio..
5) The easy 1...how may ppl can afford the price bracket for the property you are interested in based on our 'high-income' income country status?
6) Another most easier 1 is... ( there is a property group that you should investing it if you want to invest at this current situation)

my 2 cents

Strata titled properties within those central location like KL, PJ (?) or Mont Kiara normally are the most-hit area if market slumps...

Please do research on Rental VS Market Price when you want to invest for this areas...

Yes, it's better to buy now compared to 3-4 years ago when it was the seller's market. It's the buyer's market now and buyers hold the power to choose which sellers and properties they would like to buy from. If you are a buyer, it's a great time to ask for lower prices.There are many below market value properties in the market now.

Buy Low Sell High.. This is what I always advice my client every time. Holding power is the key point for current market. If you make enough profit & no more RPGT for the particular property, no harm letting go 50K-100K lower than market value.

In any type of economic situation, when you can afford, you buy. There is no such thing as bad TIME to buy, only bad PRICE to buy at. So when you can afford, you buy. When you can't, you hold back till the odds favor you - and buy.

Larry (0173785335)

Well, I guess yes and no. Yes, if you really need a place to live in and if you can afford it. A lot of rich people will not have a problem with that. No, if you are struggling to maintain your current monthly expenses due to the price increase for everything!

If for investment not self occupancy, nope. Wait till supply is extremely more than demand, then developers have no choice, but to offer a better deal.

“These investors clubs made a mess by telling people to buy, say a RM600,000 unit, as they would be able sell it off for RM900,000 in three years’ time when it is ready. So that fellow (the flipper) thinks he can make RM300,000 out of thin air. He only bought it because he took advantage of the DIBS and the 100% loan. Otherwise, he wouldn’t have been able to buy.”

Siva says a lot of properties that were bought in this way in 2012 and 2013 are going to become ready and available at the year-end and in 2016.That is when the problem starts. Because with the property completed, the DIBS comes to an end and the housing loan kicks in, so the buyer will now have to start servicing his loan.

Because of the economic slowdown, the political uncertainties affecting sentiment, and the tighter banking regulations now, the buyer who bought a unit with the intention of flipping it right away might now find it difficult to sell even if he drops his price.

Saw this posted on Star today. Here you go http://www.thestar.com.my/News/Nation/2015/11/01/Good-news-for-renters-no-so-much-for-buyers/

if one is buying for own use, I think now is a good time to buy as there are many good deals around...it is very unlikely to buy at the lowest price and sell at the highest price, just like in stock market.

for me is anytime is a good time ... the first terms and condition and the only condition. "Are yourself is ready on $$$$$ and your profile for loan ?? " , if not anytime is not the right time.

For an investor who has a reasonable amount of cash and steady income from a business or a job, this is the best time to buy as there will be many sellers looking to sell at least 30% below market value. I myself have found 2 sellers but no bullets at the moment ;(

At this uncertainty time, we can see plenty of discount and freebies offered by the developers for the new projects they launch which all these wouldn't happen at good time. Anyhow, we have to be careful in choosing good property to buy regardless of whether you are an investor or buying for own stay.

If I am filthy rich, without a doubt I will buy :D Otherwise, I think it's best to hold on till the price drop a little? Or will it not???

Some people predicted that next year the economic situation will be worse... in other words, there will be more good deals. You might want to keep some bullets until next year.

Anytime is a good time to buy house for own stay. Just a question , are u ready ? 

I shall repeat this, anytime is the best time, it only depends on your objectives and your financial standing. :)

the right time to buy is today, not yesterday :p

make sure you check your loan affordability first

i concur with @omar_goldrealty, @jaishin_singh & @jacky_tanth

are u ready?

I think the bottom line is people want to know whether property price is going to drop in the near future. My thought is property prices to remain at current levels. Prices are not coming down too much because the cost of development is very high. Land and other costs are still going up. The properties priced between RM300k and RM500k will still sell. But, generally speaking, you will not see a surge in prices anytime soon.

I don't see any 'future' for price appreciation for next 10 years..

historically, for the last 10 years or previous property cycle, 1 person can afford to feed the monthly installment..10 years later or now, 2 person or a family or a household income to pay an installment...

..so..next 10 years or next property cycle...are we still anticipating a price movement like today..or like past few years..be frank, i don't  see it coming...last 2-3 years, our property was full of investor groups..the so-called "the property investor group"..or friend-share-with-friend group..with the DIBS incentive..low entry cost..everyone claimed that the property market is looking "hot"..does it really "hot"? We shall see..

Back to square One for investing in property..

The best rule in property is to buy based on "location...location, location, location"..this term always hold true..the term is used by property valuers...many ppl seem to forget this....investing into a property based on developer's brand?...developer's profile?..developer's track records?..developer's DIBS?..ARE THESE THE most APPROPRIATED RULES..to me..it seems a bit crazy to me..

we shall see the effect in coming 2 years..

"the property wave has been roared for the past few years..it shall return to its original shape after the property wave passes"..this is just my 2 cents

over the past 2-5 years...many locations and their prices have been ridding to the property wave..those had ridden above it will come back to its original shape..

those below <300k is the best bet? 

Always remember... Price is not equal to VALUE..

I'm not expert in analysing, but i just only knew few things, thats y i choose to invest in properties:

"" The best timing to buy the property is when you can afford it, if you can't afford it, just mortgage... anyhow will appreciate value over years.""

My Quotes:

HOUSE = People need shelter 

Commercial / Industrial = People need work place - 

Land = You can build it !!!!

By Darren Loh ;)

An expert predicted that it will be a major correction in property prices next year ..... don't panic, it is just a prediction!

buy buy buy,... cheap cheap cheap. As a buyer always want cheap n good thing. this is normal thing as a buyer. 

question is as a buyer you like to ask,  "Is it a good time to buy property now ? " or " are the property market will down ? "

first question is about your self (financially ) are your ready n for how much ?

second question is about the market (financial ) , if u are ready (financially ) than they is not a question here. as i know n understand we cannot sell n buy the property like share. Buy n sell in on day process. 

buying property is a long term investment.

I agree with Darren Loh " The best timing to buy the property is when you can afford it" Hard to predict future, when you afford to buy, just buy. Don't look at the total amount of the property value, look at how much you afford to put down and from mortgage. If you only focus on property value, you will feel that forever can't afford to buy.

www.freemanwooestate.com 

According to this article, some property prices are below market price leh. Check it out. Any comments?

http://www.themalaymailonline.com/malaysia/article/as-economy-bites-condo-owners-eager-to-dispose-of-properties-for-cash

Well there are below market price, but not necessary the investors are making a lost in the transaction.

2016 is a good year for those who have cash and able to obtain loan. There will be many properties below market value for sale especially those above 1 million as the rental market for expats is not there any more. Mass market properties below 500k will likely not move much in price.

Not to mentioned an increase in bank base rate soon.

And also, alot of people would be wary in this climate to spend any money..

Not the best time for economy, oil price down, banks margin droppings, manufacturing down, exports are fortunately up in ringgit value, but volume drop due to downturn in china... 

Stocks are down, investors are fleeing....except China, putting in some cash in Malaysia... banks base rate might increase soon... 

so.....is it a good time? I hope this is the best time for property as everyones selling.. and more bankruptcy means more lelong properties.. bad loans, and drop in ultimate value of the property..

it will be a true year for real investors to grab property at lower price :) 

Anyway , a new thought came to my mind.. "location location location"... last few years PRIME properties in KLCC are depreciating in value, and Its in a prime location!! A foreign friend of mine lost money, in the property he invested in this so called prime area, and said.. i was the stupid "kwai low" who bought into this...

 So  now agents and developers started giving excuse... why properties in such a PRIME location can depreciate in value, even crash. so if you hear some agents or developers sing song about location, size and all kind of crap.. in the end i think properties are not a good investment. Buy to stay can, but not as an investment.  

Mind to tell which project that ur friend bought at within KLCC?

Avenue K condo

Avenue K completed quite long time ago if not mistaken. I think studio type is doing good in KL city. Bigger unit in KL city is very x 3 challenging.

yes damn long ago. I said last few years... so within the last few years.. the value of his property.......dropped...................................................... 

yeah, thats the reason why i said... location doesn't matter, anymore.. so the excuse was size, was big and  nobodys buying or renting.. even recently another friend bought a soho in klcc area.. cannot rent out.. what am i saying is property market is out of sync with the general population, it doesnt meet the purpose of buying a property anymore. Not suitable due to size, or too far from workplace. so if anyone sells a property by singing location, expat rental, good returns, good appreciation.. all of these will always be song.

all factors play in a role in location, hv to survey each location see if match

With current situation on the economy, don't think is a good time to buy. Maybe after 3rd quarter. Force selling or fire sales will happen in Malaysia especially on the high market sector. 

@Coffee Addict,

Soho should be doing good in KL city. Mind to tell which Soho project.

Usually December to January rental market in kl city a bit slow.

agree with @duenlim 

trending shows rental market normally start to pick up its momentum from end feb onwards till aug

Once force market selling, then it will be a good time to buy i suppose. So everyones waiting, Oil and most other sectors are seeing crash already. When the banks are stressed, you will see it coming down. Same like US, couple years back, property crashed in US, during Fannie Mae and Freddie Mac's time. 

I think 2016 is a very challenging for Malaysia or may be is a good year to accumulate more property. 

If there is a severe price correction, then only its a good year to accumulate. Unless there is one, i think no point buying.

There's no best time to buy a property. Today is the best time to buy as property won't appreciate and will only appreciate as property is a mandatory demand by human being.

It depends on the capability and many other conditions such as preparing for a marriage? For investment?

Some season investors told me this: when everybody is rushing to buy u better stay away, when no one is buying u should start buying...

timing is crucial and beware conscious about the property cycle/economy cycle..

There is not good time or bad time to buy property. There is only whether are you ready to buy. For not season investor, buy when you ready. For Season investor, thats another story. Why? As not season investor, you only buy once in a while, just like share market you cant time it. 

The main thing is do your due intelligence. Do your homework. Know more about the market before going into it.Talk to friends who invest and learn from reputable and track record guru

It is always good time to buy property, especially for own stay. For investment purpose, if the monthly rental is sufficient to cover the loan installment and other fees, why not :)

@admin_ps good sharing