New data from IQI reveals that Malaysia is an ASEAN leader in successfully expanding access to affordable housing, according to new data compiled for the first time by IQI and released today by the company’s Co-Founder and Group CEO, Kashif Ansari.
Good news for some owners I guess when they read this piece of news. “Klang Valley property prices up 3.2% in 2024: Upscale neighbourhoods in Batu district lead the way.” Klang Valley is huge of course and maybe not all areas may show prices rising. In fact average number do not reflect anything much yeah.
Perhaps some areas are showing double digits increase and some areas are showing low single digit price increase. Perhaps some are even showing a negative number; prices are reducing every passing year. Anyway, let’s look at what the media says.
When a developer buys a piece of land and their gross development value (GDV) is around 10 times of the land price, the price they want to sell will be adjusted based on the size, the number of units, the type of properties etc. The bigger units they build, the fewer units will be built and the more expensive the units would be. The smaller the unit size, then more units could be built and in fact the prices tend to be lower because the GDV is now divided by a larger number of units. Let me explain.
Property Investment 101: Property price to rise until no one could buy? I used to think buying a property can be delayed as long as
I know, when you read the title, you think “another new model?” Yes, I had the same thought too. However, let’s face it. The government of the day, whether this one or the next one would have to do something for the benefit of the rakyat who needs a roof over their head.
Property price is out of reach for the younger generation I do fear what will happen to the property price when my children have grown
Majority of Singaporeans stay in HDB flats. HDB stands for Housing Development Board and this is a public housing authority. Briefly, this is under the government and it seeks to ensure all Singaporeans have an affordable place they can call home. If you have a home in the country, then that country is your home. Else, anywhere could be a home. Here’s one latest news about HDB flats’ appreciation too.
Bumiputera lots. Erm… as a buyer how would I know? Every new development has an allocation of bumiputera units which comes with discount I know
Property Investment 101: If my salary is just RM5,000 per month, can I afford a property today? Property price vs salary is always a good
Property Investment 101: What are the choices for RM400,000 today in the Klang Valley? As all readers know, I do not sell or pitch any
HBA: Potential en-bloc sale under proposed Urban Renewal Act unconstitutional Difference perspective presented by Housing Buyers Association (HBA) The aim of en-bloc sale (as per
Property News Malaysia: If you refuse to sell but all other owners want to sell, then how? For Budget 2024, government will lower the threshold