ECO has a lots of innovative ideas in property market such as lease to own, co-own, ...
but the unemployment rate is high and property market is cool.
the only hope is the foreigners from MM2H program.
According to the last financial crisis in 2008-2009, many refrained from purchasing assets in the US due to possible QEs. They went elsewhere to spend their USD to purchase asset as minimisation of the impact of devaluation of USD.
That caused non-USD countries property prices spiked in 2010-2012. Especially the emerging markets where speculators anticipated the rise in the local currency. 2013 QE ended.
This time may not be the same as the property price now is still the same as in 2012. Further spike may be unlikely. Now developer needs to rely on volume as price spike is quite impossible. And all emerging markets are also having issues. But I think speculators will choose countries that can manage pandemic better.
Ecoworld house are overpriced.. and location are not convenient, environment very nice so suitable for retirement.. for peoples with salary SGD$10k mthly also will think twice before buy in, as travel in-out Singapore-JB now is not easy... but personally Ecoworld house design are one of the top in the market, just price positioning could be too high for many peoples as you can see now resales and lelong start getting cheaper.
Yes. Ecoworld chosen locations are mostly not good. They built expensive houses on cheap land. The locals know that the area is mostly populated with poor people and thus crime rate is usually higher. Traffic violators are abundant in poor locations.
I just don't know how ecowld management think and plan? They're supposed to be well qualified personnels in this field. Did they made any market survey before they put out all these over millions ringgits houses?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bahai4453
2,297 posts
Posted by bahai4453 > 2020-06-22 16:38 | Report Abuse
Good time to enter mah sing !