Property
The unusual Kuching property market
Joseph Wong | 30 Mar 2018 00:30

SARAWAK’s capital Kuching has always been unique in many things and its property market is no different.

The city could possibly be the only state capital in the country where the logic of supply and demand does not necessarily apply.

“[Even though there are no] proper figures to justify this since data is not readily available, it is a well-known fact that Sarawak is a land of cash-rich buyers.

“The West Malaysian developers I have spoken with who have done roadshows in Kuching have always had this perception,” says property investment speaker and author Charles Liew.

The general consensus is that it is relatively easier to get Sarawakians to buy because they are “easier to convince,” he says.

“I believe with that kind of mentality, when it comes to buying ‘local’ properties in Kuching, the readiness to purchase is even more apparent.