i saw the news yesterday also, but i think they freezing studio and soho units alike.
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i saw the news yesterday also, but i think they freezing studio and soho units alike.
Yes there are now too many new development which I always think is it more than too much to meet the demand in the market now.
i think it depend on area and type of new development example liked Setapak and mont kiara it will be too much
It is a good move to balance supply and demand...
on closer analysis, neighbourhoods which are commonly classified as oversupplied may not necessarily be so. For example, Mont Kiara. Most ppl would say there are too many units there now. But look into the numbers and you'll see that htere is a goood mix of sizes and price ranges due to age of completion. Hence, there is not as much direct competition as some may imagine for MK.
Now the state authority is saying that the freeze is to allow for introduction of new guidelines.... better for consumers/homebuyers
if indeed to introduce better guidelines, then good. But if just to "cari makan" or make life more difficult for all, then should just release.
Another thing, no point in keep introducing more and more guidelines and requirements when enforcement is such a joke. It just increases compliance costs which are passed on to buyers, while the half past six developers continue to flout the law at the expense of the law abiding ones
thank you for good sharing
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