Well, Who Is Going To Buy All Those New Places Malaysia?

Aaah yes, supply and demand works everywhere apparently....

https://www.scmp.com/property/internati … y-purchase

Developers, as they do in every country, have forced prices up to the point where is uneconomical to buy.
As lower prices means lower profits, they're aiming at a possible new customer base, and it's all the better for these products if unknown fathers if the new potential customers have a fair chunk of cash but little clue about market rates.

This is just want property agents need to push prices ( thus their profits) up more, and make it even more difficult for people to buy a house.

As you have guessed, I have not a lot of time for agents as I see them as a sort of dog dropping with legs and a silver tongue.

More of the same...

https://www.thestar.com.my/business/bus … -malaysia/

Finance Ministry upbeat
https://www.malaymail.com/news/malaysia … ll/1748342

Although not reported as far as I can see, China has very recently banned group tours to Malaysia. They were a regular feature in penang until CNY 2019

For several years there has been a scheme where financing visits through a token or points system has been in existence. Same system also being used for crowd financing of property acquisitions and development apparently. M Mall was also receiving tokens.

https://cilisos.my/this-penang-bitcoin- … twice-adi/

Johor had similar visits curtailed I understand. There could be some developments with multiple owners per strata title which really complicates purchases. Due diligence is important. Here in penang it was commercial property that was of interest

https://www.thestar.com.my/news/nation/ … in-penang/

Thats a better question when the banks stop lending so easily.

That is definitely something I will be asking about and looking for as I finally land in Malaysia for the very first time later this week.  10 days visiting everywhere from KL to Penang back to Melaka and Johor Bahru should give me a decent first impression.

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