May 3 2017, 11:34 AM
QUOTE(AskarPerang @ May 3 2017, 10:23 AM)
Supply VS Demand. Will follow the country economy or stock market. I do not have database figure. Today is rental market. If you are scouting for a place to rent now, you will have plenty of choice to choose from. You just need to find owner that are willing to throw price. Yes, there are still those rather leave the unit vacant than to drop from the old prices.
So when will it be rock bottom price? Unless you can foresee the future, we can never know. Only speculate like stock market.
But generally the rule of thumb is property prices will increase in according to inflation. Cost of constructions, raw materiel, etc increase.
p/s: my 2 cents view. another thing is population keep on increasing as well. so people will need to find a place to stay. be it renting or buying.
In the long term, property price track inflation rate. However, drastic price rise in 2011 to 2014 has deviated substantially from the long term price trend. property price will either drop near long term price trend or remain stagnant for inflation to catch up before could rise at about inflation rate again.So when will it be rock bottom price? Unless you can foresee the future, we can never know. Only speculate like stock market.
But generally the rule of thumb is property prices will increase in according to inflation. Cost of constructions, raw materiel, etc increase.
p/s: my 2 cents view. another thing is population keep on increasing as well. so people will need to find a place to stay. be it renting or buying.
population growth rate has slowed in this country and by 2030 will become an aging nation. hence, future demand for property will be lower than most expected.
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