Housing affordability worsened in 2014
Properties in the primary market will still be in demand
Propenomist, Dr Daniele Gambero
January 30, 2015
Properties in the primary market will still be in demand
With the development of another important driver in the Southern property market, the growth of the Southern corridor in the Klang Valley is happening at a fast pace.
How will this correlate to the announcement made by the Chief Minister; on the intention to freeze high-rise building development permissions in order of cooling down the high temperature the market has felt recently. It will be interesting to see what Greenland will come up with in the next few months.
With the BR coming into effect since Jan 2, 2015 and according to UBS, Bank Negara is likely to cut its overnight policy rate by 25 basis points in 2015, with lower oil prices cushioning the pressure on inflation.
Congratulation to UM Land and Mah Sing
Rei Group managed to bring home Two Awards! Congratulation!
This might affect their purchasing power in term of first home and further worsen the already bad problem of affordable and financeable housing.
The demand for property here exceeds supply so there could be a higher capital gain in the short-term when compared to other regions where demand and supply are more evenly balanced.
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