Property in Malaysia
I'm in shock early this year when I learnt that house price going up like mad. Doesn't matter where does the house project located, it just doesn't justify the price of material used. Even in remote areas are not spared. What really happened here in Malaysia? I do accept during the time where the oil price shoot-up, raw material exhausted due to China mainland bought everything and where some future investors spred news that there are shortage of raw material in this world. It does make sense during that time. But that doesn't stay for long, only 3 months (give & take). Then the oil price on a free fall, so does raw materials, foods, etc. Everybody seems to agree whereby supply were more that demand. BUT, in term of house price, it's start make a race. Giving you an example for a housing project behind our area. During first launch, a semi-D offered at RM168k. 3 months later they change the numbers to RM238k. Can you see the increment of RM70k overnight? I'm...