QUOTE(UFO-ET @ Feb 21 2011, 05:32 PM)
When any talk or property seminars talks about scarcity, particularly land issue, we always refer to the prime land, this one must be clear and mustn't challenge the fact, scarcity also means no replacement, can anyone give an example the land where Starhill or KLCC sits on can be duplicated?
Everyone also knows that in outskirt areas llke Terengganu, Sarawak, Sabah etc, land supply isn't an issue...pointless to argue
Investors invest everywhere in the world, they has one main target, speculate the properties in prime location or most potential land by creating wealth
I can't fault you on finding potential land. But I will not condone people hoping to ride of the optimistic wave.Everyone also knows that in outskirt areas llke Terengganu, Sarawak, Sabah etc, land supply isn't an issue...pointless to argue
Investors invest everywhere in the world, they has one main target, speculate the properties in prime location or most potential land by creating wealth
With regards to duplicating location, yes. Some places can't be duplicated. But yet, other places will develop and increase in price as well. it's not just those areas. So scarcity is an illusion.
Do consider that I am seeing props that are found in the middle of no where, and they are being grabbed like hot cakes, while the taman next door have a string of homes for sale.
From what I am seeing, prime land can over night turn into slums. Consider the old melaka bus station. That place used to be the governing centre of melaka. Now the major shopping complexs have closed down, leaving a few seedy looking ones. There's a grand hotel there that has changed management twice last I counted. The place is like someones body after cancer. If it wasn't for the school nearby, and the government driving traffic into the area, that place would be dead.
Feb 21 2011, 05:50 PM

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