QUOTE(UFO-ET @ Apr 27 2012, 07:01 AM)
If fresh grad basic salary never increase for the past 15 yrs, can you expect rise in rental? Very unlikely...
The main problem we face are :-
1. Salary too low
2. No expats
3. Unlike "ang mo lang", local people especially Chinese won't rent for long, die die also must own a condo for themselves
4. It is indeed too many condos launched recently, look at wat happen in MK, when too many new condos built, those old condos' rental drop fr 10K to 2K in just 12 yrs time. I estimate along the new LRT track fr BJ until Bdr Puteri, there will be another 15,000 - 20,000 new condos supplied to the mkt. The rental will either sustain or drop in the next 10 yrs
Any example of rental dropping from 10k to 2k? That is VERY drastic. Did the price also drop? By how much?The main problem we face are :-
1. Salary too low
2. No expats
3. Unlike "ang mo lang", local people especially Chinese won't rent for long, die die also must own a condo for themselves
4. It is indeed too many condos launched recently, look at wat happen in MK, when too many new condos built, those old condos' rental drop fr 10K to 2K in just 12 yrs time. I estimate along the new LRT track fr BJ until Bdr Puteri, there will be another 15,000 - 20,000 new condos supplied to the mkt. The rental will either sustain or drop in the next 10 yrs
Apr 27 2012, 12:10 PM

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