QUOTE(rewlie @ Nov 4 2012, 11:40 PM)
I surveyed around and most of the buyers are not investors, mainly buy for own stay, and to support your surprise, s.a as known is Malay territory, rarely can see chinese restaurant here, that is why, i am malay and i have to admit, malay mostly not many rich and can afford anything above 300k, there is, but not huge population.
Thanks for the sharing.
Ya, shah alam houses have a big jump and could hardly found any landed new launch below 600k tag now...
One of my malay colleague just bought a house in shah alam but far far deep inside jln meru, and it costs 500k+!
Other of my chinese friends who stay in shah alam most from setia alam or kemuning.
Actually not specific to a single race, majority Malaysian can't afford >300k property.
But becoz current property price have been speculated, a lot of ppl need to joint-loan with family/spouse to get their first house.
I see many chinese month salary <2k <3k and stay with family in old flat/condo/single storey house (those low-cost leasedhold that the family bought many years ago). Many of them didn't think of want to buy a house because their salary could only enough for basic needs like food & etc.