QUOTE(Zelphon @ Aug 1 2014, 12:48 PM)
True in general..
Demand can come from locals and foreign investors..
No demand from local doesn't mean no demand from foreign investors..
Even when RM 1 million is minimum, if the location is prime.. there will still be demand...
Supply depends on location factors..
if prime location, huge supply... price MAY fall..
if interest rate move up.. people unable to hold and firesale.. then create more supply then price will fall...
this depends on the loans amount given by banks...
I think the banks has been prudent now given the warnings and market sentiments..
If people are able to hold, u can see price fall but not by much...
haiya why still want to deny, 1 million sure got demand... every class also got demand..
question is is the bubble and our main concern of properties
more than 1 million or less?the huge mass suplies there are below 1 million right?
further, lets narrow down it, could it highly probably the
the class be around 450k to 800k?this is range is also not withing local demands, that is why vacant units are on surge, had it been the range of local demands, there should be not much vacant units left..
those mature areas are starting from 600psq at least or now 700at least.. mature areas has no bearing effect that much they are not the main consumable supplies..
like Rice is the main food, of course there are lot of rice like Siam rice, red indian rice (for diabetis) and etc.. in the market, restaurant a and etc.. the normal rice grade is the most in demand... same like house lor..
why go and target other type of proeprties (more than 1 million), the market for 1 million demand is very low.. no competition.. look at
green residence cheras launch 5 months still 2 towers unsold with freebies below 800k nia..