Sales of properties on the open market is projected to increase
RM200, 000! That's projected resale price of a low-cost housing flats in the main city of this country in the open market, within a period of at least four years.
Estimated prices up 400 percent compared to just under RM50, 000 now is justified when taking into account the resale price and the current property value.
Based on the report, the new unit home and resale properties throughout the country in the first nine months of last year, the category of residential flats are in high demand with sales increase of 50.4 percent compared to 2009.
Sales of new flats in the open market value of RM50, 000 to RM150, 000 was ranked second only to condominiums and apartments priced at RM50, 000 to more than RM1 million, but that number does not include resale homes.
However, Malaysians are fortunate to have the government create a system of controls, subsidies and various forms of assistance to enable those who can not afford to get their own houses, especially flats and low-cost housing at very special prices.
What about the group of people outside those categories, namely those who earn less than RM3, 000.
If indeed a flat priced at RM200, 000, it would be worrying a lot of new buyers, especially the majority under 30 years old and still not stable, their economic position, including the ability to own homes, whether purchased new or reconditioned unit.
What is certain is based on the record before this, house prices still rose each year based on the statistics of the average index for houses priced below RM50, 000 to RM1 million, involving more than low-cost flats to luxury homes.
According to the index, the highest increase recorded last year by six per cent (RM11, 082) over the previous year.
Vice President of Real Estate and Housing Developers Association Malaysia (REHDA), Datuk Fateh Iskandar Mohamed Mansor, said the price also includes all types of housing, including medium-cost houses (terrace) and luxury accommodation, especially in large cities.
It is closely related to the factors of land, construction costs, demand and location of the trend of buying properties that are concentrated in urban areas. However, the price of low-cost houses are still controlled the local authority (LA) and sold for between RM25, 000 to RM42, 000 according to location, he said.
During the first nine months of last year, a total of 28.850 new housing units of various types and price of 12.339 was built and successfully sold all over the country. The number was increased by 42.8 percent (5,281 units) over the same period in 2009. The same number of homes sold in 2000, with an average price of RM140, 112 but hit RM197, 022 last year.
House prices will continue to escalate if the residence is equipped with security service and amenities pool, gym. Despite the ever increasing, people are sure to be home for an investment property because it is a big investment.
The simplest example of a flat bought a house in Petaling Jaya on the price of RM35, 000 during 1990-s ago, has now increased to almost RM200, 000, he said.
However, the rate of annual increase of about three percent, he believed that home prices in Malaysia is still at low levels and did not experience significant real estate bubble syndrome such as Singapore and Hong Kong, which recorded increases of between 50 and 100 percent annually.
Fateh Iskandar also compare the prices of vehicles that vary with time and the average depreciation is considered normal, but if the price of homes has plummeted, it proves an unstable economy.
According to statistics the National Property Information Centre (echnical), total new home sales last year rose by 42.8 percent (5,281) compared with 12.339 the previous year for all housing types.
Factors increasing population due to migration to urban areas also led to demand for new homes increased from 20 years ago with an estimated increase in population in urban areas now stands at 60 percent.
RM200, 000! That's projected resale price of a low-cost housing flats in the main city of this country in the open market, within a period of at least four years.
Estimated prices up 400 percent compared to just under RM50, 000 now is justified when taking into account the resale price and the current property value.
Based on the report, the new unit home and resale properties throughout the country in the first nine months of last year, the category of residential flats are in high demand with sales increase of 50.4 percent compared to 2009.
Sales of new flats in the open market value of RM50, 000 to RM150, 000 was ranked second only to condominiums and apartments priced at RM50, 000 to more than RM1 million, but that number does not include resale homes.
However, Malaysians are fortunate to have the government create a system of controls, subsidies and various forms of assistance to enable those who can not afford to get their own houses, especially flats and low-cost housing at very special prices.
What about the group of people outside those categories, namely those who earn less than RM3, 000.
If indeed a flat priced at RM200, 000, it would be worrying a lot of new buyers, especially the majority under 30 years old and still not stable, their economic position, including the ability to own homes, whether purchased new or reconditioned unit.
What is certain is based on the record before this, house prices still rose each year based on the statistics of the average index for houses priced below RM50, 000 to RM1 million, involving more than low-cost flats to luxury homes.
According to the index, the highest increase recorded last year by six per cent (RM11, 082) over the previous year.
Vice President of Real Estate and Housing Developers Association Malaysia (REHDA), Datuk Fateh Iskandar Mohamed Mansor, said the price also includes all types of housing, including medium-cost houses (terrace) and luxury accommodation, especially in large cities.
It is closely related to the factors of land, construction costs, demand and location of the trend of buying properties that are concentrated in urban areas. However, the price of low-cost houses are still controlled the local authority (LA) and sold for between RM25, 000 to RM42, 000 according to location, he said.
During the first nine months of last year, a total of 28.850 new housing units of various types and price of 12.339 was built and successfully sold all over the country. The number was increased by 42.8 percent (5,281 units) over the same period in 2009. The same number of homes sold in 2000, with an average price of RM140, 112 but hit RM197, 022 last year.
House prices will continue to escalate if the residence is equipped with security service and amenities pool, gym. Despite the ever increasing, people are sure to be home for an investment property because it is a big investment.
The simplest example of a flat bought a house in Petaling Jaya on the price of RM35, 000 during 1990-s ago, has now increased to almost RM200, 000, he said.
However, the rate of annual increase of about three percent, he believed that home prices in Malaysia is still at low levels and did not experience significant real estate bubble syndrome such as Singapore and Hong Kong, which recorded increases of between 50 and 100 percent annually.
Fateh Iskandar also compare the prices of vehicles that vary with time and the average depreciation is considered normal, but if the price of homes has plummeted, it proves an unstable economy.
According to statistics the National Property Information Centre (echnical), total new home sales last year rose by 42.8 percent (5,281) compared with 12.339 the previous year for all housing types.
Factors increasing population due to migration to urban areas also led to demand for new homes increased from 20 years ago with an estimated increase in population in urban areas now stands at 60 percent.
8 Responses to "Flat House Expected to Be Up To RM 200K in Malaysia"
You have pointed very positive picture, that's nice, you should look into future
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register few information, lepastu kena masukkan coding dalam blog.
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you try google 'cara register dengan nuffnang' or 'buat income dengan nuffnang'
dvor pink...thnk for our comment....appreciate that...
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rumah sekarang dah makin mahal :(
For a middle class person's it becomes very hard to buy a home. In fact after sometimes it is just going to be dream for us.
thanks for this post its really interesting i bookmark your site for future stuff...
I think it is very affordable and enough rates. Thanks for providing information.
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