Property Investment 101 :2

My Take is that the property market have been very stable in Malaysia because most property owner buy out of necessity. So even when the economy is bad house is the essential that will sustain itself. Unlike Singapore, Hong Kong or US where Most ppl buy property to invest or speculate. So when the economy crashes in this country the property price will crash just like the stock market. Although in Malaysia we do not experience such fluctuation in property value but there are more and more ppl who are buying property to invest. So i suspect that this time round we will see some drop in the value of property when recession hit. I am not saying that recession will definitely hit this part of the world but the is a high possibility. Its happening in the states. Property value in singapore is still very strong because it is being fuel by the influx of foreign worker. HK is correcting itself. I think when the recession hit we will see corrective action like lower interest rate by Bank Negara, thats probably a good time to start buying again. As it is, i think its folly to be investing in propety now unless u absolutely have to.

..promo.realestate.yahoo.com/home-prices-continue-sharp-descent.html

June 2008