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Is A Good Time To Buy A House Now?

Published:2021-06-09 16:27

(Kuala Lumpur, 24th) The impact of the global epidemic has led to a more pronounced drop in domestic real estate prices. Nearly 50% of the people believe that this is a good time to buy a house.

Is A Good Time To Buy A House Now? 

According to the "Oriental Daily News Poll: A good time to buy a house?" ", there have 46.49% of the people think that is a good time to buy a house, only 6.31% of the people think it is not a good time. Besides, 27.21% of the people think they can wait while 20% said they don’t understand about this.
Is A Good Time To Buy A House Now?


The majority of people (39.64%) said they would buy a house within one year, and only 5.95% did not consider buying a house; while 13.69% delayed their purchase plan due to the epidemic, 28.11% would buy a house within two years, and 12.61% would buy a house after two years.

In terms of the main factors that people will consider buying a house, most people (22.34%) believe that housing prices are generally falling and it is worth investing in the market; 20.90% of people who want to buy a house, and 17.66% want to find an expected house.


Is A Good Time To Buy A House Now?

A total of 555 people participated in this poll. 39.64% of the participants were 32 to 41 years old; 32.07% were 22 to 31 years old; 20.18% were 42 to 51 years old; 7.03% were 52 years old and above; 1.08% were 21 years old and below.


Is A Good Time To Buy A House Now?
More than half (55.32%) of the participants are college graduates; 23.78% are middle school and below, 13.15% are masters, 1.26% are doctors, and 6.49% are of other education levels.

On the 20th of this month, Mr. Guma, an executive director of Jones Lang Wooton, he has pointed out at an online media forum organized by Property Guru: “Most developers have given more significant discounts in the past 12 months. At the level of the year before, the price reduction ranged from 5 to 25%."
 

Is A Good Time To Buy A House Now?
According to Oriental polls, 41.98% of the participants are first-time buyers; 20.72% want to take advantage of low housing prices to exchange for large houses; 27.03% of real estate investors; and the remaining 10.27% want to take advantage of low housing prices to change locations.
 
There are 65.23% of the people said that they had not bought a house in the past two years; 34.78% of the people had bought a house in the past two years, of which 18.74% bought a house alone, and 16.04% bought a house jointly.
 

Is A Good Time To Buy A House Now?
When asked about the budget for buying a house, 22.16% of the people had a budget of RM400,001 to RM500,000; 20.90% of the people had a budget of RM600,001 to RM1 million; 17.84% of the people had a budget of RM300,000 to RM400,000; 15.14% of the budget is RM500,001 to RM600,000; 15.14% of the budget is less than RM300,000; there have only 8.83% of the budget is RM1 million and above.
 

Is A Good Time To Buy A House Now?
The types of houses that people would consider buying are mostly townhouses (49.73%), followed by condominiums (38.38%); third are semi-detached houses (23.96%); fourth are apartments (18.20%); and the fifth is the detached house (6.49%).


Is A Good Time To Buy A House Now?
Only 4.86% of the people would consider buying a HDB flat; 6.13% of the people would consider buying a small home office unit (SoHo).
 

Is A Good Time To Buy A House Now?
On the other hand, as many as 57.48% of the people said that they had never been rejected by the bank, and only 12.43% had been rejected. The remaining 30.09% have never applied for a mortgage.
 

Is A Good Time To Buy A House Now?
Although real estate prices in Malaysia have bottomed out, industry players expect that the real estate sector is expected to rebound in the second half of next year due to the gradual improvement in consumer sentiment.


Is A Good Time To Buy A House Now?

Is A Good Time To Buy A House Now?
 
Sources from oriental daily

https://www.orientaldaily.com.my/news/nation/2021/04/24/407293