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Houses at half-price, anyone?

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Title : Houses at half-price, anyone?
Category : Malaysians

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Houses at half-price, anyone?

The value of unsold housing and serviced units combined amounted to RM38.6 billion at the end of March, says the National Property Information Centre.PETALING JAYA: Everyone loves a sale, particularly if the property is going at half price.But not earlier buyers, or investors who had bought to flip. These two groups would be unhappy. Maybe even furious.Headlines about property have been like this, of late: Is it time to buy? Is it ‘still’ a safe investment? Is there light at the end of the tunnel?There is a missing question: “Will prices fall further?” Much depends on the location, type of property and developers’ track record, said Johor-based KGV International Property Consultants.It also depends if one is buying into an overhang project – completed units which remain unsold after they have been certified fit for occupation.Executive director Samuel Tan said the percentage of…

The value of unsold housing and serviced units combined amounted to RM38.6 billion at the end of March, says the National Property Information Centre.PETALING JAYA: Everyone loves a sale, particularly if the property is going at half price.But not earlier buyers, or investors who had bought to flip. These two groups would be unhappy. Maybe even furious.Headlines about property have been like this, of late: Is it time to buy? Is it ‘still’ a safe investment? Is there light at the end of the tunnel?There is a missing question: “Will prices fall further?” Much depends on the location, type of property and developers’ track record, said Johor-based KGV International Property Consultants.It also depends if one is buying into an overhang project – completed units which remain unsold after they have been certified fit for occupation.Executive director Samuel Tan said the percentage of…


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