QUOTE(AmayaBumibuyer @ Jul 17 2013, 10:00 PM)
Wonder with all these population they don't need a house to live in. I think i have touched these before on my previous previous post. Of course they do. And is the supply enough? And what does the law of supply and demand in economics again?. Now you guys still want to wait to own a home? New graduates are being churned out from universities and will hunt for a house. Really, still want to wait and hope for the property price to crash? Good luck.
The question is more about
AFFORDABILITY. Nationwide, we have a housing shortage in the
non-luxury segment (btw even medium cost can now be considered as "Kondominium Mewah" according to OSC). In a layman comment, I think the shortage is partly the fault of Federal and State Government in implementing social housing for all these years.
To put in perspective, the shortage is largely the lower-end segment. I don't see any shortage in the upper end but developers told me that the mid-class society can be "upgraders", meaning to say, the richer ones move one notch up, the next level move the next level... and eventually, the lower level will move to the existing low-end properties that we have. (sounds like they upgraded from flats to condo? but most old condo will become flats as years go by)
So the market cannot be seen as only the joinees and investors... as they are many people who upgrade (or downgrade). This movement is enough to cause certain hotspots to boom.+The latest estimation is 29.796 million as per population clock, however, this is computed based on our Fertility Rate... which over the 12 month will be reconciled with the numbers of Jabatan Pendaftaran Negara with small margin of errors.
http://www.statistics.gov.my/portal/index.php?lang=enThis post has been edited by accetera: Jul 17 2013, 10:15 PM