Quote:
Originally Posted by eg5354
Hi bro batty, you brought up a good point about buying property in msia.
From my understanding of the msia property market, it seems like residential properties in JB msia over the past 20 over years did not have much significant increase in the price until about few years ago, when there is a sudden increase in value of malaysian property by say about 15-20 % due to a lack of building material like steel which is necessary for the erection of a building/house. After that, the price seems to remain.
However if you were to buy a property in msia now at a certain price, if 10 years later the value of your property remain stagnant and if the value of the ringgit depreciate against sing dollar at that time, if you convert back the ringgit value of your property to sing dollar, you will find that you will get back less than what you have invested in the beginning.
Supply more than demand is also part of the reason for the stagnant in property price in Msia. Many residential property in msia is still unable to be sold due to insufficient population in that state and due to the buying power of the people is not strong enough, etc. some semi detach taman in JB has almost 90 over percent of the residents work in singapore in order to pay the high instalment of their semi D houses.
But for commercial property price in JB like shophouses are more volatile than residential property. If a group of shophouses in a certain location can bring in alot of business with crowds of customers, the value of the shophouses can definitely increase tremendously.
Actually, i am just refering to residential property in JB but in kL may be different. The location of the property in the capital city have a greater impact on the value of the property unlike in smaller cities.
The above is base on my personal opinion only and bros are welcome to share your ideas if any.
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Buy at Cameron Highland to retire. Cooling n good.
Also if retiring, why bother about the prices?
You are not going to sell n move about if you retire.
Just need a place as home, then house in SG rent out for passive income.
Can go vacation few times a year. Simple n easy.
If got $$ want buy property to invest, why buy malaysia?? Go US better.