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Sarawak Economy: Property Boom

Okposin, Samuel B. (1997) Sarawak Economy: Property Boom. In: Sarawak Economy. Sarawak Press, Sarawak.

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Abstract Purpose: This chapter is a retrospective investigation of the property market in Sarawak between 1990 and 2000. As Sarawak economy emerges to become one of the most active in Malaysia, its property market is already attracting enormous interest from local as well as foreign investors. The strong growth of the property market is synonymous with the state’s economic performance. The issue then is; can Sarawak policy makers manage both economic growth and a strong property market. Method: Primary and secondary data were used to critically examine the symbiotic relationship between demand and supply of property in Sarawak. The population and income levels were also examined as the two major sources of domestic demand. Result: At the macro level, the strong economic performance of the state was a major source of the phenomenal growth in the property market. While at the micro level, increases in population and income powered the local demand for property. The price mechanism was heavily influenced by foreign purchases for speculative purpose.

Item Type: Book Section
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Depositing User: Dr Samuel B. Okposin
Date Deposited: 31 Mar 2015 09:56
Last Modified: 31 Mar 2015 09:56

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