QUOTE(mikro @ Feb 15 2011, 02:24 PM)
1)Will increasing young working population the answer to sustainable house price?
My theory is that although the house price have increase, but the price increase is with tandem with the demand in Malaysia economy.
2) On a macro point of view, the house price have only appreciated 3.3% around the country which is true, the house price in klang valley had shoot up like rocket, which is also true. But on the micro side, not all the house in klang valley has shoot up 30%-50% in just a year, it's is very confine and specific to hotpots such as BU areas wherest Kajang, Shah Alam has not seen much appreciation like in BU and Mutiara Area which come to my conclusion that property high price is segmented and not as wide spread as perceive, so that area like BU and Mutiara maybe have excess speculation that cause the price to increase rapidly.
House price boom is happening in Singapore as well, which explain the situation is not confine to Malaysia.
the idea of more young grads to buy higher prices homes isn't sound. suspect majority of grads not so employable these days, coupled with few high pay jobs, only a minority will make it bigtime. a good no. of brains go overseas since there isn't much for them to hang around for.
this 3.3% is propaganda to ease the discomfort, probably true only outside kv and in rural areas. bu-mutiara is an example but there are dozens more. maybe kajang is just catching up, but you are wrong about shah alam. go check kota kemuning, jelutong, setia alam - you'll be shocked how much even 10yr old houses have gone up except the very old leasehold ones not much change. same story in many parts of puchong, kota damansara/sg buluh and along old klang road.
comparing to singapore is never useful. there are far more differences than similaritites between them.
This post has been edited by AVFAN: Feb 16 2011, 11:33 AM 
Jan 21 2011, 11:34 PM
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