Jul 12 2013, 03:07 PM
QUOTE(kidmad @ Jul 12 2013, 01:53 PM)
Anon your figures were taken from? I do think it's similar to our market.. Report price drop but I don't see any. Also are you factoring in the million dollar vacation home or are you looking at prices of a service apartment where one average joe could only afford? 
There's much difference in this.
Of course our market is different; most properties in florida are for retirement, by lakeside and most houses in california in a better area have swimming pool, average joe is just paying minimum $500/month service fee for service apartment. There's much difference in this.Lowly pay job in the u.s. can take home $20k to $30k per year, could buy a sub $200k 100m2 house. Malaysia apartment price is still very cheap in comparison.
QUOTE(accetera @ Jul 12 2013, 02:51 PM)
Primary market will still do well to some extent, as long as we have enough rich investors and rich flippers to play around complemented with the positive sentiments from the government economic plans, the macroeconomy, the "domestic demand", the recovery overseas and the stock markets (tested all time high today?).
In the mainstream media, the government has begun advertising "Visit Malaysia 2014" - a global campaign aimed at boosting Malaysia's profile internationally next year. The campaign also now includes the potential spillover effect on attracting foreigners to invest in Malaysia.
VM 2014 will create a huge demand for service apartment and condo in klcc In the mainstream media, the government has begun advertising "Visit Malaysia 2014" - a global campaign aimed at boosting Malaysia's profile internationally next year. The campaign also now includes the potential spillover effect on attracting foreigners to invest in Malaysia.
This post has been edited by icemanfx: Jul 12 2013, 03:32 PM
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too far leh......
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