Affordable Homes and Commercial Units Snapped Up Speed
2 info that are totally on 180 degrees. One is about the price and income of home buyers, another is about the sales of commercial property.
Until and unless there is a stronger shift in the consciousness of the government and the private sector for suitable housing catered to the purse strings of our average urban citizen, the reality of the market will show little sign of prices being finally stopped from spiralling out of control. ~ Himanshu Bhatt
Affordable homes for Malaysians
Based on the accepted guidlines for housing affordability, the housing cost should not exceed 30% of the household's gross income. What this equates to is a large portion of Malaysian only being able to afford homes between RM70,000 and RM150,000.
However, the reality of Malaysia's property market is a far cry from this. The homes offered to these buyers, especially in urban areas, are priced mostly between RM450,000 and RM700,000.
The Sun, Urban Lifestyle, page S8, Friday, April 29, 2011.
Mah Sing's Star Avenue Shop Offices sold out in one weekend
Mah Sing Group Berhad registered sales of RM242.5million during the launch of Phase1&2 of Star Avenue@D’sara in Sungai Buloh over the weekend. The launch attracted more than 800 prospective buyers and all 92 units of the three storey shop offices averagely priced from RM2.6million were snapped up.
http://www.starproperty.my/PropertyScene/TheStarOnlineHighlightBox/11649/0/0
Until and unless there is a stronger shift in the consciousness of the government and the private sector for suitable housing catered to the purse strings of our average urban citizen, the reality of the market will show little sign of prices being finally stopped from spiralling out of control. ~ Himanshu Bhatt
Affordable homes for Malaysians
Based on the accepted guidlines for housing affordability, the housing cost should not exceed 30% of the household's gross income. What this equates to is a large portion of Malaysian only being able to afford homes between RM70,000 and RM150,000.
However, the reality of Malaysia's property market is a far cry from this. The homes offered to these buyers, especially in urban areas, are priced mostly between RM450,000 and RM700,000.
The Sun, Urban Lifestyle, page S8, Friday, April 29, 2011.
Mah Sing's Star Avenue Shop Offices sold out in one weekend
Mah Sing Group Berhad registered sales of RM242.5million during the launch of Phase1&2 of Star Avenue@D’sara in Sungai Buloh over the weekend. The launch attracted more than 800 prospective buyers and all 92 units of the three storey shop offices averagely priced from RM2.6million were snapped up.
http://www.starproperty.my/PropertyScene/TheStarOnlineHighlightBox/11649/0/0
