Thursday, February 16, 2012

Buying A House?

If you are not aware of the house price trend in Penang, there is ~60% rise according to the House Price Index. Does it mean that 60% percent rise in a property price? It has almost same magnitude of index hike among the other 'crowded' state such as KL and Selangor.

If I take the number for number, a DST that cost RM200k in Q1 2000 would cost RM320k in Q2 2011. That is quite similar to the reality, but the price keep flying high even now in Q1 2012, I guess the index is around 180-190 range. So scary.... so, it would translate into RM380k.

Ridiculous, simply unbelievable. Homeless generation-2 is going to spread is a like no-cure disease.


No comments: