Latest Happenings for UK, Australia, Hong Kong and Singapore property market. Prices are Up or Down?
Malaysia’s property market is not leading the world obviously…
People ask me what is happening to the local property market. Beyond just our property transaction numbers (which is high and rising), I tell them to look at what’s happening overseas for their reference. If all the advanced property markets are now showing that no one wants to buy a property, then that would also be happening in Malaysia in the near future. If you know of such markets, please do let me know too. I would like to read more as well.
If the news are about how people wants to buy but they could afford because salary is not rising fast enough, be ready for this to happen in Malaysia too. These advanced economies and property markets show what will happen in the near future. Let’s look at all the below property news. All are latest news.
UK house prices are rising…
Australia home prices are falling for the first time after 2 years
Hong Kong’s property prices are still slipping…
Singapore’s home prices can still be termed as ‘booming’
Malaysia’s property market using transactions as reference
Do not believe just the numbers on prices. If transactions are very low, that’s a negative sign. Below would be our property transaction numbers by quarters. Can see the trend? Generally, when we look at Q3 numbers versus all the other Q3s, we can see a rising trend. Rising slowly but rising.
Happy viewing yeah. No one should buy without proper viewing and comparing.
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