https://www.bloomberg.com/news/features/202...property-market

" Kuala Lumpur’s soaring population fueled more high-rise construction, but demand for homes in particular came from ethnic Chinese Malaysians for whom real estate is a favored store of wealth, said Cha-Ly Koh, founder of property data company UrbanMetry. Decades of rising prices helped cement that idea, leading some to buy multiple homes. Many now sit empty — one in five homes in Malaysia were unoccupied as of 2020, according to census data.

In recent years, prices have largely plateaued and owners unable to sell their apartments are finding themselves with underwater mortgages. And yet, new buildings keep coming up. "

bag holders: where got underwater, my property up 1000% since i bought it
ploperty agents: ploperty plice never come down wan

The skyscraper curse hasn't fail so far.

If price rise lower than loan interest and expenses incurred is financial loss. most of those invested in the last decade are underwater.

This post has been edited by icemanfx: Sep 8 2024, 01:32 AM