Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 More than half of MM2H participants not renewing, bye bye $$$

views
     
iconia17
post Sep 30 2021, 12:44 PM

New Member
*
Junior Member
8 posts

Joined: Nov 2012
QUOTE(Whatisthiswhat_ @ Sep 30 2021, 12:28 PM)
there are 42k mm2h residents here in malaysia, do you think it will have any major effect on property price lol, property price is mainly due to inflation and weakening of currency lar
*
Let say u are right and we try to look at the historical trend, in 2009 condo in taman melati pv3 sold for around 280k per unit. At that time exchange rate was around 3.5. Fast forward 2012 i remember viewing the units and most owner try to sell at 400+. Currency strengthen to 3.2 but price shoot up?

That is the period of illogical property boom in KL due to illogical euphoria from property agents and young ppl to make quick bucks.

Ok fast forward to 2021. Most condo in pv3 still sells for around 400-550k when exchange rate deteroriate to 4.2. Currency weaken but price only increase a bit?

This is just example of exchange rate and inflation is not the main factor of property price increase. Its always about the demand, price people can afford and bank lending policy.

This post has been edited by iconia17: Sep 30 2021, 12:46 PM

 

Change to:
| Lo-Fi Version
0.0120sec    0.82    6 queries    GZIP Disabled
Time is now: 20th December 2025 - 02:54 PM