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Showing posts from March 10, 2012

property price that is unstoppable????

  Just by looking at the graph, we know that the population in Malaysia is rapidly going. Which of course as a developer, I would definitely plan on building more houses. Which we can observe that nowadays there are a lot of projects up for sale. There are a lot of vacant lands exchanging hands and being developed. I definitely not know how to write about it in economic terms, I am just making some simple observations on the progress of this sector in Malaysia. The growth in population certainly effects the development as the demand for property increases. Thus, based on this condition, prices must go up. Its because the product of the demand takes a long time to finish. Even though we have more than 10 projects going at a time, it takes 2 years at least to finish them. Thus the demand is still high even after the products are on the market. Since, it is not a good reason to increase the price as high as we have ever seen in Malaysia. This is the average price in 2010 for a s...