Tey Yong Qing Explains How Money Chases Real Estate

 


There is a need to get bigger houses because of new building trends. Building in suburban areas is the norm according to a licensed real estate agent, Tey Yong Qing. He has been a property manager and leasing agent for more than eight years.

The pandemic caused many people to need bigger space. Real estate agents, brokers, and sellers had to change their strategies. The old method and old models were no longer working. Buyers’ tastes have gradually changed. They want enough space to play, work, rest, and entertain. They want their houses to be equipped with the essentials.

How Money Will Influence Real Estate According to Tey Yong Qing

Price Hike:

There is an expected price increase in the sales of houses and properties. Tey Yong Qing speculates at least a 4% increase. Initially, prices were determined by those who built and developed the properties. This made buyers lose interest in buying properties. It is especially difficult for low-income earners to afford houses.

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