It's a good time to buy in more property now as you'll get alot durian drop, this is a year for buyer. It's still alot of good deal out there, it's depend on you are buying for invest or own stay and which area are u consider too.
market slowing down - only for new development & properties >500k. Buyer for unit 100k to 500k is currently very active
Volume is down - what volume? housing volume is still increasing with new development launch here and there (just not sellable during this time). Subsale house is available (eventhough buruk, but it is like diamond in the mud if u able to find it). Buy 1 fast
Loan rejection is high - Correct if u are blindly submit loan application. Learn some strategies to get loan approval from blog/guru. Even loan with current DSR 70% (exclusive of new properties) is still approve with right strategies. Buy 1 once u equipped with strategies
Price is going down - only for subsale since huge competition. recent purchase got 20% below MV with fully furnish (worth>RM10k). buy now and just hold 5 years (to avoid paying RPGT) then u can get cash at least RM200k
occupancy rate dropping - Agreed for high end properties. Then, where are they going? not under the bridge, but to the medium cost properties. Purchase one unit, and u will get tenant with high quality mindset (good paymaster)
Conclusion: Buy now
In fact , this should be the right time to buy property when the market is slow & owner asking prices are dropping as compared to the good times few years back ..Just look out for good value buy properties where owners cannot hold their properties any longer & willing to drop prices to a more realistic price
It now depends on the holding power of those property flippers...how financially strong are they? 1 more thing to note, they are many are "share-investors"..holding power should be able to prolong some more..but some recent transacted prices are going down on fire-sale basis..10% down easily..if mainly buy for investment (new), then the prices are swinging significantly...
try to google some websites do give you some latest/very recent transacted prices (last 1 or 2 months)....government data are about 3 months after...
Property market indeed slows down. Especially for those sub-sales. Some owners of the sub-sales think they can sell with a higher price yet holding it and surveying the market by lowering the pricetag, it happens everwhere. Unless the holding power is strong for the owner, if not it will need to let go one or more unit of their properties to sustain and up keep the existing property they have. No point having so much property for investment if they don't give you ROI.