Are properties in Malaysia getting too expensive? By - February 26, 2019 7:30 AM It’s hard to debate with those who have totally different ideas about property prices and affordability. But here’s a reminder – property prices will keep increasing as long as people can afford it. Based on a previous article, the Key driver for property demand will always be affordability. If people cannot afford the current prices of property, three things can happen.
Among the major towns and cities in Malaysia, the most expensive properties are those in Kuala Lumpur city centre . The median price for property here is RM940 per sq ft and RM1,000,000. In other words, RM1,000,000 will get you a unit slightly bigger than 1,000 sq ft. It’s important to have KLCC at the top of the list because this will be the main driver for price growth in areas surrounding it and areas even further away.
No boss. Apparently the gomen thinks difficulties in getting loans to purchase properties is the the main issue. Not the ridiculously high property prices.
Certainly, you right 👉