Unfortunately, value of property stocks is not correlate to the increase in property value. Increasing interest rate and building materials will be the near term impact to the profit. Consolation probably can get higher profit from sales of their overhang property which were built with cheaper material cost. The main issue is short term demand on property is not exciting.
Better not to risk our hard earned money at the moment. This round of bear market is different. Raising interest rate would help but it still will not solve the underlying issue on supply chain disruption and raising crude oil price. Look at the broader market before making any investment decision.
Do some study on how bear market behave. Throughout the bear market, there will be moments of dead cat bounce and eventually it will go even lower. Be mindful that Bank Negara has not announced our upcoming rate hike. It will be another negative news for property sector.
As you said, because of all the expected negative factors, sp is at current level, if all these negative factors are over, we cannot get at this price.... Must be able to hold 2 to 3 years.... And then, pray you can sell high to me panic buyers when situation improves. Just my opinion.
Agree, need to have prudent strategy during such market condition. Buy only if the price is really really low. Always prepared to lose and stick to the cut lost point. Always expect the price will go lower than the purchase price.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....