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 Malaysian millennials give up on home ownership

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hteekay
post Jan 19 2024, 10:55 AM

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If studio apartment didn't costs over RM100k, I'd buy one by now...
Farking stupid shit costs almost RM200k
hteekay
post Jan 19 2024, 11:07 AM

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QUOTE(Randomization @ Jan 19 2024, 11:05 AM)
Why buy properties when not going to have kids.

Nobody to inherit.

KEK
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So you can sell it off and get more money in 10 years time.. provided if Malaysia's economy manage to get out of this shithole situation right now
hteekay
post Jan 19 2024, 01:18 PM

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QUOTE(lopo90 @ Jan 19 2024, 12:00 PM)
That's why now a lot of developers are making cheap condo/apartments

My side here in PJ, suddenly got so many new condos.

Government : Too many houses that are overpriced?? No problem! We'll just approve permit for more affordable condos!

In the end, those landed houses will remain stagnant or drop in value because all the millenials will go for high rise instead
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what are you smoking?
hteekay
post Jan 19 2024, 02:23 PM

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QUOTE(anangryorc @ Jan 19 2024, 01:55 PM)
This is kinda true, with dropping high income group population, not many no longer interested nor able to afford landed house, thus the demand is stagnant unless the price is adjusted or sell them to foreigners
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You think all who own their 1st apartment gonna live there for the rest of their live? No, a lot of them will sell them off and "upgrade" to landed house eventually.

 

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