Property market Malaysia? 500,000 more homes to be built under 12MP. Wow.

Property Price: Which ones rise faster? Click here to read yeah. 

Why are so many new homes being built?

We do not need any property experts to tell us. Just ask 10 of our younger friends, those who are below their 30s. How many of them have a home today? More than half would be without one. Would they want to buy one? More than half would and yet they would say that the properties nowadays are not affordable, not what they want and just do not have the things they wanted or the amenities are not that nearby. These are the reasons and more but this is also why we have overhang and at the same time, we needed more affordable properties to be built.

Just BE SURE there’s demand BEFORE building yeah

If we have learnt something from overhang numbers here in property market Malaysia, it is to build only when we are certain of the demand. PLEASE stop building just to make up the numbers and make the minister look good. Enough lah. Do a proper survey based on income vs price for the type of homes in the area.

This is the time for the government to really do something to help the B40 and M40 households in owning a home. This is not the time to let the property developers who got the project to earn lots of money at the expense of the buyers. Please make it right yeah. Many hundreds of thousands of households in need of a proper and affordable home needs it. Thank you.

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