Aug 12 2013, 10:19 AM
QUOTE(accetera @ Aug 11 2013, 05:53 PM)
Moves to cap property prices could backfire
August 10, 2013- Featured, Investment.
FOOD FOR THOUGHT by 'Malaysia Condo King' Datuk Alan Tong Kok Mau | feedback@fiabci-asiapacific.com
http://www.starproperty.my/index.php/artic...could-backfire/
‘Cooling off’ measures choke supply
MALAYSIA
In our home country, the Government has also introduced a number of “cooling off” measures.
In Malaysia, according to NAPIC, there is only a supply of about [B]100,000 new houses a year throughout Malaysia, while the demand in Greater KL alone is projected to be an additional one million units if Pemandu achieves its target of increasing the population from six million to 10 million by 2020. [/b]
Property developer and group chairman of Bukit Kiara Properties Datuk Alan Tong is also FIABCI Asia-Pacific regional secretariat chairman.
I was reading that in Hong Kong, where the new condo price is about RM10000/sf, the government is gonna create about 50,000 new homes....over a 10 year period! Malaysia 100,000 new homes in a year! With maybe 1/2 of that in Klang Valley. Population numbers and economy comparison asides, if I were a betting man, its obvious where to buy should one have the money......August 10, 2013- Featured, Investment.
FOOD FOR THOUGHT by 'Malaysia Condo King' Datuk Alan Tong Kok Mau | feedback@fiabci-asiapacific.com
http://www.starproperty.my/index.php/artic...could-backfire/
‘Cooling off’ measures choke supply
MALAYSIA
In our home country, the Government has also introduced a number of “cooling off” measures.
In Malaysia, according to NAPIC, there is only a supply of about [B]100,000 new houses a year throughout Malaysia, while the demand in Greater KL alone is projected to be an additional one million units if Pemandu achieves its target of increasing the population from six million to 10 million by 2020. [/b]
Property developer and group chairman of Bukit Kiara Properties Datuk Alan Tong is also FIABCI Asia-Pacific regional secretariat chairman.
Quote
0.0119sec
0.35
6 queries
GZIP Disabled