Apr 18 2017, 12:55 AM
QUOTE(advocado @ Apr 18 2017, 12:24 AM)
i'm sorry, supply vs demand, as population keeps increasing and with the influx of millions of foreigners, and people gathering more on big cities, i cannot see how properties price will collapse.
it may drop, but still to a level where it's still considered high. because the inflation in house price has went out of control for the past few years. and together with increased building cost & profit margin, no way developers will lower the price "significantly".
KL land is almost full, so the amount of houses/condos you can build is limited. which will act as the limit stopper.
and with more and more companies closing down on smaller states, you expect more people moving into bigger cities.
House price may drop, but it will never collapse, and will still remain as unfordable for most. only those hardcore poors would consider moving to Pr1ma.
Would like some clarification on the bolded statementsit may drop, but still to a level where it's still considered high. because the inflation in house price has went out of control for the past few years. and together with increased building cost & profit margin, no way developers will lower the price "significantly".
KL land is almost full, so the amount of houses/condos you can build is limited. which will act as the limit stopper.
and with more and more companies closing down on smaller states, you expect more people moving into bigger cities.
House price may drop, but it will never collapse, and will still remain as unfordable for most. only those hardcore poors would consider moving to Pr1ma.
1. Influx of foreigners
Blue or white collar?
Intake of blue collar workers is heavily controlled recently after the 6m Bangladheshi workers drama.
With the downward economic trend, are there as many white collar human resources being imported?
2. Are people gathering more in big cities as in moving to stay there on a permanent basis or just during working hours?
Perhaps there may be an increasing trend of people travelling to and fro the big cities from nearby towns, Seremban/Semenyih - KL.
3. What kinds of companies are closing down in smaller states? How many job opportunities did they provide?
I do think that for certain segments e.g manufacturing and plantation, smaller or underdeveloped states/outskirts may actually be more strategic since
- area/ha is relatively cheaper
- local blue collar workers are more easily sourced
4. I'm not sure the hardcore poor can afford Pr1ma.
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