The Finance Ministry's Valuation and Property Services Department Property Market Report 2011 released last week showed there were 269,789 residential property transactions worth RM61.83bil transacted last year, the highest recorded in the last five years.



MYR..................Transaction..%
<50K ................45,055.......16.7%
50K-100K..........55,307.......20.5%
100K-200K........80,397.......29.8%
200K-500K........67,177.......24.9%
500K-1M...........15,378.......5.7%
>1M..................6,475.........2.4%
TOTAL...............269,789....100.0%

There are lots of rich people in this country.
Why are you guys complaining here?

I have no problem purchasing property above RM1mil, like 6000+ other people last year - if I want to. I believe the number of millionaires in Malaysia is higher than this and enough to support all supply property market has to offer.

And your question again, sir?

I am sure I wasn't whining. What made you think I did?

In these days of cheap credit and long tenure period, everyone can buy million-dollar property. But that does not make one rich. In fact, I feel very middle class. I don't have my own yatch or have any butler.

So, maybe I should just rephrase my statement - there are lots of middle class people in Malaysia who could afford million-dollar properties.

That makes you feel better?