Tag: lower supply versus higher demand
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100,000 new units vs 140,000 new household formation. Prices up? Do not agree.
In Business Times (1 Aug 2014), REHDA’s new President, Datuk Seri FD Iskandar Mansor said that property prices will continue to rise because of the lower supply versus the higher demands as well as high land cost. According to the National Property Information Centre (NAPIC), the average housing completion was 100,000 units against the average…