Good News- We have beaten Singapore at last!!!! After constantly being beaten by Singapore in university rankings, corruption index, competitiveness, etc I am proud to say that at least we have thrashed them in something although whether you want to laugh or cry depends on whether you are a buyer or speculator. Kuala Lumpur, 17 April 2014 – Knight Frank Asia Pacific, the independent global property consultancy, today launches its first-ever Prime Asia Development Land Index which derives the price of prime residential (apartment or condominium) and commercial (office) development land in 13 major cities across Asia, for the period December 2011 to December 2013 In a survey of 13 Asian cities, Malaysia is no 3 in terms of surging house prices with a 12 month increase of 37.3% for prime residential property price increases (67.3 % for 24 months) and no 2 for prime office price increases (39.5 for 12 months and 64.9% for 24 months). Bangkok and Jakarta are up there with us. Singapore by comparison comes to a poor LAST in terms of house price increases (1.7 % for 12 mths) and only no 8 for office properties with 6.5% for 12 mths). Heh heh heh Malaysia Boleh. We can beat Singapore if we put our minds to it. If you are a house or office property speculator, Malaysia is the ideal place to put your hot money now. Smile! If you are like me, an oldie about to retire, I can only cry as house prices gallop into the far distance leaving me floundering in the dust. Of course I can follow the good advice of some loyal Malaysians 1) If I dont like it I should migrate to some other country 2) Rent a house until I die (which wont present too much difficulty) I can only cry for my children and grandchildren. Fancy paying say RM 2 million for a 3 bedroom terrace house in 2020?
Posted on: Wed, 04 Jun 2014 10:00:06 +0000
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