now this an interesting question.
we say that the property market is depending on demand and supply. but demand is depending on what? i believe demand is depending on many factors but population is but one of them, not even sure if it is the biggest factor.
one of big factor that affect demand is salary. today, if we earn as much as singporean or hongkee, we would be buying maybe 3 times as much. this is much much faster than population. how long it takes for our population to be double or triple?
if we compared again, country like singapore, hong kong and Taiwan. they have small population but how many unit of houses do they have in their country? Perhaps we look into average house over population comparison.
as salary grows, the whole population of malaysia would buy more even they don't need to stay in it. as they have more disposable income, they buy more to fight against inflation.
juz imagine if suddenly malaysian salary increase 3 folds, minus their basic needs they would have the capacity to buy maybe 3 or more properties that they currently can afford, so demand would 3 times more and supply 3 times more.
if we have big population and all the people very poor, there is real demand but they can't afford so supply would be small. so if people is rich and they have confident in the country, they buy more properties and compound by foreign interest, the demand grow even larger.
you guys keep on complaining abt Malaysia property expensive, salary low and etc and compared to people in spore hk and Taiwan.
but ask yourself, how many ppl in those countries can own 1, 2 or more properties there?
despite of our so called low salary, I know many ppl can own more than 1 property. Yes many salary earners, not just bizmen.