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(From Malaysian Business)
WE have seen and read most of the property market reports from a 'technical' point of view. Let's keep an open mind and look at some of the factors that are always relevant in the past and present. We may be able to understand more about the factors affecting the subject matter in a true, simple way.
Residential property of various categories in the country have experienced positive growth for the past few years, largely attributed to attractive product 'packages', that is, building designs and extra features, new areas with extended facilities and accessibility, trendy design and easy home ownership schemes offered to potential buyers.
Regional development spillover has also contributed to the growing demand and supply of residential properties, mainly in the Federal Territory of Kuala Lumpur (KL), Selangor, Johor and Penang.
These four states are situated in regions that have long been regarded as the growth centre while being further identified as the growth corridor in the Ninth Malaysia Plan (9MP).
Transactions 2005 - Volume and Value
For many years, the population in these regions has been growing at a steady pace due to the increasing employment opportunities in major sectors, creating the demand for more residential property.
The types of residential properties built were determined by …