There’s now a limit of 30 negotiators to one principal – which probably spells trouble for big agencies. There are a few agencies with some 3,000 negotiators, which mean that technically they will need 100 principals! That nuts.
Now that 2013 is here, property buyers and sellers in Malaysia are wondering if the ever increasing prices of Malaysia property is going to flatten soon. Some places like the KLCC enclave have already been flattening out for about two years, and transacted prices of luxury condominiums like Troika and Binjai On The Park are somewhat on the decline. This is good news for some of us who are looking to invest in a piece of property in the middle of Kuala Lumpur.
If you are looking to rent or buy houses outside the city, or if you are apartment hunting then you might discover that the prices might still be sky high this coming year. Neighboring Singapore is already taking the steps to cool down the property market, and it is quite likely for the Malaysia government to take similar steps. Brace yourselves…
Meanwhile, the property market in Iowa is still quiet, but there are pockets of opportunity in Des Moines especially in the industrial and commercial real estate. Get in touch with us if you want to get started in commercial property investments.