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Echoes of 2008: Unraveling the Myths of Malaysia’s Stagnant Property Scene

TL;DR As of Sept 2023, the total approved loan value exceeds RM29B; The loan approval rate for 2023 (Q3) is 56% exceeding property peak in 2013; People are still buying properties with supply for unsold properties reducing; High rise properties with the price below RM600,000 is the most transacted. Since the pandemic outbreak, we still feel that the general market is not fully recovered yet. Many sectors are still feeling the pinch and consumers are feeling the pressure of rising cost of living.

Subsale Property Market in 2021

There are three types of property market in Malaysia. The first is primary market. This is new launched developers’ projects. Second is subsale property which is secondary market. This is where you buy the property from existing owners. The third is auction property, which we vaguely referred as tertiary market. If you followed me long enough, I have been advocating investing in subsale property. There are many reasons why I tend to invest in subsale properties.

Malaysia Property Market 2021 Set For Year-End Bounce? A Bit Optimistic

Exactly two days ago, The Star released a news article on Malaysia property market 2021 is set for year end bounce, which I personally think that it is a little bit optimistic. I’ve been talking about this for the longest time that property is the biggest ticket item to purchase in their lives in majority of people. Thus, financing is inevitable. And in fact, it is a norm to get financing from the banks.

Start Investing Property in 2020

If you are still wondering whether you should start investing property in 2020 , I strongly suggest you don’t thinking anymore and start taking the action to invest now. There could be never better time to invest. Just like stock market, there are many indicators which tell us that it is the right time to invest. For now we are not going to cover how to look for properties to invest.

Are You Changing Strategy to Meet Current Market?

We often hear people complaining that there aren’t enough deals right now or no good deals or no takers around. Maybe they’re struggling with how to make money in the current market or maybe the strategy used is wrong in this current market and did not work as well as it did in the previous cycle. That led us to the question: How well do they understand your market? Most real estate markets are localized and geographic, and there can be multiple sub markets.