QUOTE(A.B.D. @ Apr 29 2023, 11:54 AM)
Ok let me clarify, I shared the podcast for the point about cost of construction which is relevant to what TS is asking, if landed in prime area like Subang Jaya will fall or not. He must have his reason for being specific about landed.
And for high rise, although things “not so rosy” as you can hear from the interview, but you can ask around. During pre-2010 before
developer interest bearing scheme psf price was around RM200-300 then by mid 2010s around RM500-600. So the experience of those who could already buy since 10 years ago is that the longer you wait, the more expensive for the same area.
This brings me to another point. To a buyer, a Property is a physical house, its design, locality, street address, unit number and so on. It’s not practical at all for a buyer to just think about the Property market in general if looking for a home.
Dibs fuelled poorperly speculation in 2011-2015. Price rise slowed after dibs discontinued.
QUOTE(A.B.D. @ Apr 29 2023, 04:36 PM)
I see it more as demand driven price increase. But yes, the ones who can barely afford to buy in prime areas hoping to make a profit are speculating.
But then they are not buying cryptocurrencies and NFTs at prices that can rival a real property. So the risk of their investment crashing is very low, especially if they speculated in high demand prime areas where there are more occupied than empty houses.
Whatever the motives of the buyer, in the end
it is the demand for prime area properties that are supporting or cushioning the prices during bad times and pushing prices up faster than inflation during good times.
Where are these prime area?