Tuesday 7 June 2011

House prices is getting higher

The housing prices have gone incredibly high this year. Even a bad condition single storey terraced house with a land area of less than 2000 sq.ft is asking for at least RM300K and more. A double storey terraced house is now priced at RM400K and above. With this sort housing prices, we realised that we were lucky to get our house last year just before the price hike.

I can imagine our next generations will have to buy a house starting with million Ringgit if the prices maintain in this soaring pace. Many will have to opt to live in apartments and medium cost condominiums for cheaper and more affordable housing.

In time to come, the lucky loads will be the ones who inherit housing properties from their parents.

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