Is it the best time to sell property Malaysia in 2010? According to Real Estate and Housing Developers’ Association (Rehda), home buyers have delayed buying for the past two years mainly due to the impact of construction cost went up 30% in 2007, US subprime mortgage crisis in 2008 and follow by global financial crisis in 2009.
“Based on average household formation and population growth, there is an average demand for 150,000 units (homes) per year.” Source: Deputy President Datuk Michael Yam of Rehda, Starbiz 1/12/2009
Therefore, 450,000 people are foreseen waiting to get into the real estate market in 2010. By the time, the demand will be increased tremendously compare to the supply in market. It is a great timing to look for aggressive motivated buyer.
In fact, it is happening now. The buying mode of property buyers are hot and getting hotter as reflected in the great sales achieved by S P Setia Group on their two new launches – Setia Walk Brio Serviced Apartment Puchong and Phase 8B of Setia Eco Park Shah Alam. Besides, there are new BLR-2.4% financing package introduced for Sime Darby property.
Have you get yourself ready for the property investment planning 2010?
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new BLR-2.4% financing package introduced for Sime Darby property
Sime Darby is act as bank? or which bank involved in this project?
Sime Darby is not acting as bank, their partner banks have collaborated with them to offer you the lowest home loan interest rates. Visit property.simedarby.com for more information.
beware when everybody is jumping into the bandwagon, causing overheating and the inevitable recipe for the next disasterous bust.