I was looking at an outdated JB google satellite map and even though its small, my first thought was gosh it looks packed. And then I thought about what I mentioned sometime ago which alot of forummers agreed was that land was aplenty in JB and we need to be cautious when purchasing a (>1 for some bros here I salute dapbest!!) property.
But I had a sudden epiphany (has nothing to do with my nick I swear
). Actually yes land IS plentiful but the developers have eaten up most choice locations. If I were to make imaginary markings of all the land the developers bought which are awaiting development there are really not many useful pockets of land left. And I suspect the developers are holding back awaiting 2012 where they will release new units at very much jacked up prices.
Definitely they still are giant lots of land available but these are much further away. So i guess my point is better now than later. If everything falls into place nicely, perhaps the real estate market will hot up much like Shen Zhen which is not much cheaper and in some areas more expensive than HK today.
I read in some other forums that some people (naysayers in fact) will wait till retirement to buy a place in JB and not do it now, I shudder to think that these people will be caught out in their twilight years to find they cannot really afford a place in JB! 20-30 years forward where they once thought they could and be continually trapped in the bird cages of HDB and shoe box apartments caught by the impending demolish of old blocks forcing the dwellers to top up to stay in even smaller even denser even more expensive replacements. haha of cos these are just pure conjectures on my part. :p