Saturday, 27 October 2007

Matching demand and supply for land

Since the last few months I have met a number of people visiting Janda Baik to look for land to build their own retreat and also to do hobby farming. They range from corporate leaders, celebreties, retired civil servants, academecians and people from various other professions who have some cash to spare. On the other hand I have also come to know many land owners here who have decided to dispose off their holdings for various reasons; loss of interest due to age and non of their off-springs have developed interest in farming and rural living, cashing out now because their capital gain is already monumental and for others they just need the extra cash because the going rate is just too attractive but until today have not been able to find suitable buyers.



Inspite of the apparent need for the establishment of a market mechanism to match the sellers and the buyers, so far I have not seen any concrete effort to set up a small centre or office in this village to facilitate such transections. In developed countries, I noticed that even in small country townships, there are realty agents which provide this kind of services and shop windows show beautiful pictures of properties available for sale. In Malaysia this kind of services is not even available in District capitals making it very difficult for property owners to dispose or purchase properties. Would it not be possible to train sufficient number of our unemployed graduates and help them set up such businesses?



MSAbdullah.

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