Why house prices remain high

Jordan Lee & Jaafar executive director Yap Kian Ann.

THERE are two questions floating around the property market today: why do house prices remain as high as they are, and what affects these prices? Both are interlinked.

According to Jordan Lee & Jaafar executive director Yap Kian Ann, Selangor and Kuala Lumpur have a population of 7.5 million with 1.85 million residential units. Migration from other states and foreign purchases will enhance demand.