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Investment TRACKING KLANG VALLEY NEW PROPERTY PRICE PSF, Reporting the latest PSF around

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starex80
post Aug 4 2013, 07:17 AM

On my way
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Senior Member
623 posts

Joined: Jul 2013
QUOTE(blood and glory @ Jul 15 2013, 02:53 PM)
HK and SG undoubtedly pricing keep jumping up because they have many foreigners and expats who keep coming in but at this moment we are not like them,instead we are going wrong direction.The foreigners who coming are those from Pakistan,Bangladesh and Africa.Is true they are expats however they come because some Malaysian companies need people with specific skill (normally engineering field) with lower pay then they do if they hire locals or western expats.As the result,all these so called 'expats' are not like those in SG or HK whose can afford to stay in exclusive properties.

You guys can try to register with Malaysia expat forum and you can easily see alot of engineer from Pakistan,India and Bangladesh got hired by Malaysian companies but their budget for housing rental are not exceeding RM3K normally as this RM 3K amount is totally high for them.

So as the conclusion investors or precisely speculators who hope can rent out their property high in future will really have to be careful and thoughtful.
*
If high position expat, they will willing to pay 3k rental.
If same position like us, they will target 1k - 1.5k

Yet, can little coming of so call expat overcome the oversupply of condo in KV?

 

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