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Investment MOVE TO COOL OFF PROPERTY INDUSTRY COULD BACKFIRE, None of the Asian countries had success

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37 Exposures
post Aug 12 2013, 11:27 AM

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QUOTE(accetera @ Aug 11 2013, 11:33 PM)
Fact 1 >>> Salaries are not rising in tandem with cost of living + appreciation of new property launches. For example, my accouting industry only gives minimum token increment every year and nowadays MNCs under shared services will CAP all annual bonus to 2 or 3 months only maximum. And promotion is super intense as almost everyone especially ladies are studying accounting/finance.

Fact 2 >>> Affordable housing are not sufficiently provided, especially the middle market (PR1MA market) that will not opt for PPR/SPNB/PKNS.

Fact 3 >>> Malaysians have to make Car Purchases as priority because the need to commute to work when public transportation system is not feasible, non-existence or poor service and poor coverage and for security reasons.

We can't be talking about one or two people out of hundreds of people.
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Friend, 20yrs++ before, Civil engineer salary RM2000++, how about fresh grad now? It's not the property too expensive, it's just our salary/currency to low!

This post has been edited by 37 Exposures: Aug 12 2013, 11:29 AM

 

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