Why 2022 Property Market Outlooks (by Real Estate Agencies) are a waste of your time

I’m giving up reading Real Estate Agents’ forecasts for the Property Market in 2022. https://www.theedgemarkets.com/article/property-market-see-recovery-2022-%E2%80%94-rahim-co Here’s another ☝️ property market outlook that tells me nothing new that I can’t see for myself in the lacklustre response to the growing number of auctions of high end KL properties. https://lnkd.in/gYJus4hw. Around December to January, the research teams at real estate agencies churn out reviews of the past year and their “Outlook for the Year of the Tiger” to justify their pay. Of course, the tone of their reports is generally upbeat. The raison d'etre of a real estate agency is after all to sell properties.

“Market is recovering gradually” ? What exactly does that mean for high end property landlords? Well 🤠is still waiting for some KLCC Area Specialist brave enough to tell me WHEN demand for high end KLCC properties by a dwindling expat tenant pool is going to pick up ….No good to hear other property sectors like industrial are doing well.

In my blog 360 KLCC yours truly has already posted 2021 was my WORST year as a KLCC landlord since 2000.  My fully furnished 3000+sf 5* KLCC apartment is currently rented to a corporate tenant in 2022 at less than 10% below the rent it fetched partly furnished in 2000. And many KLCC landlords are probably in the same boat. Or maybe in a worst situation. At least my apartment is still tenanted thanks to the efforts of S, my real estate agent. https://lnkd.in/gwbsVnXa