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Has anyone seen the amazing commentary from the Malaysian Institute of Estate Agents (MIEA)?
We should track what they say yearly, because they& #39;re clueless
"As such, property prices at best could decline by 10%, and at most could decline by 20%." https://www.theedgemarkets.com/article/property-prices-expected-decline-much-20-following-covid19-%E2%80%94-buyers-market-ahead-says-miea%C2%A0">https://www.theedgemarkets.com/article/p...
We should track what they say yearly, because they& #39;re clueless
"As such, property prices at best could decline by 10%, and at most could decline by 20%." https://www.theedgemarkets.com/article/property-prices-expected-decline-much-20-following-covid19-%E2%80%94-buyers-market-ahead-says-miea%C2%A0">https://www.theedgemarkets.com/article/p...
"Prices are not increasing, and there is no multiple selling. There is no huge pent-up demand or any major launches. We are not in a bubble, we are in a Covid-19 crash. Once this thing is over, the market will rebound." https://www.nst.com.my/property/2020/04/582845/no-bubble-covid-19-crash-says-senior-real-estate-expert">https://www.nst.com.my/property/...
“Now the confidence level is slowly building up again. People will come back and put money in, but they are just waiting for the right moment” - Dec 2019 https://www.malaymail.com/news/money/2019/12/18/malaysian-property-sector-improves-on-positive-consumer-sentiment/1820416">https://www.malaymail.com/news/mone...
"Market players still prefer to adopt the wait-and-see approach in H1 2020 before they take the right move in the rest of the year." -- Dec 2019 https://www.malaymail.com/news/money/2019/12/05/property-market-to-see-uptick-in-h2-2020-says-propertyguru-malaysia/1816467">https://www.malaymail.com/news/mone...
“As the dust settles, we expect the property market to stage a recovery in the second half of 2019” -- Mar 2019 https://www.freemalaysiatoday.com/category/nation/2019/03/15/property-market-expected-to-recover-in-second-half-of-the-year/">https://www.freemalaysiatoday.com/category/...
"confidence gaining growth"
"The local property market may have bottomed out last year with transaction volumes hitting the lowest point since 2012, noting that the market is set to gradually improve in the years ahead through to 2020." - Aug 2018 https://www.theedgemarkets.com/article/malaysian-property-may-have-bottomed-out-last-year-%E2%80%94-miea">https://www.theedgemarkets.com/article/m...
"The local property market may have bottomed out last year with transaction volumes hitting the lowest point since 2012, noting that the market is set to gradually improve in the years ahead through to 2020." - Aug 2018 https://www.theedgemarkets.com/article/malaysian-property-may-have-bottomed-out-last-year-%E2%80%94-miea">https://www.theedgemarkets.com/article/m...
"I don’t think the local real estate market will crash, or there is any kind of bubble. We have not experienced the typical run-up to a bubble, which is exuberance, high price increase, demand outstripping supply & banks taking huge risks" - Dec 2017 https://www.nst.com.my/property/2017/12/311759/no-bubble-real-estate-sector">https://www.nst.com.my/property/...
