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News Updates & Article sharing

Right time to bounce on urgent seller properties? What do you think?

5/4/2016

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I couldn't be more agree with the Ms Tan Ai Leng article in TheEdgeProperty.com. During the era of DIBS, there are many follower who are not ready for property investment joining in to this investment game. Some of them is hit by the current economy situation. Some trading business owner is hit by the weak Malaysia currency.
 
  Summary is there are many people would like to cash in during the tough time. Play safe better right? There are also owner who are desperate to sell their properties as they need the cash. In the other end, there is another batch of opportunist which look into this opportunity to enter the market by buying low from these desperate sellers. Here's what Ms Tan Ai Leng written about this situation. 


Investment opportunities abound as DIBS property owners seek exit
By Tan Ai Leng / TheEdgeProperty.com | April 30, 2016 11:58 AM MYT
Picture
KUALA LUMPUR (April 30): Investors should keep an eye on the market as buyers of properties under the Developer Interest Bearing Scheme (DIBS) seek to unload their properties this year, said JLL Property Services (Malaysia) Sdn Bhd country head and managing director YY Lau (pictured).
DIBS, where developers absorb the mortgage interest during construction, was halted by the government in 2014 over concerns that it encouraged speculation and pushed up property prices.
“The impact of DIBS will be fully felt this year, and there will be a lot of choices for investors who are looking for opportunities,” she shared her view on “Market outlook: Where are we at the curve?” at The Edge Investment Forum on Real Estate 2016 (REIF 2016) today.
Although investors are keen in buying properties but most of them are still reluctant to make any decision due to economic uncertainties. However, Lau pointed out that the current market condition is not as bad as most people imagine.
“The economy is fundamentally sound and there will be no recession in the near term. We concur that the Malaysian economy will continue to grow but at a slower pace of 4% to 4.5% in 2016 as opposed to 5% in 2015,” she explained.
She said the impact of the economic slowdown and the drop in transactions are already reflected in current property prices.
For instance, prices of distressed assets or older high-end properties which are not well maintained saw their prices dip as much as 20% to 22% last year.
Although property price growth has slowed down, Lau said the market is unlikely to see prices dropping as severely as they did during the Asian Financial Crisis (AFC) in 1998, where average property values plunged by a whopping 47.6%.
She noted that the weakening ringgit has opened a window of opportunity to foreign investors especially for Singaporeans, but the weakening ringgit condition will not continue for long and investors should decide quickly if there are any good deals.
Meanwhile, according to JLL’s data, Malaysia’s property market transaction volume fell by 8% in 2015.
Lau expects the volume to continue to decrease this year due to dampened market sentiment, political uncertainties and a higher loan rejection rate.
“The loan approval rate was about 50% in 2015, this means five out of 10 applicants for housing loans were rejected. The higher loan rejection rate has also prevented buyers from entering the market,” she added.
She said although it is difficult to secure a loan but there are things prospective buyers can do to increase their chances of getting loans approved – such as managing their finances, reducing debts and having a joint income with others.
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  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册