Q2 : Judging from the current housing price market in China, what is the future trend? Will house prices fall?

If both population and per capita income increase. Which of the following is likely to occur?Question 16Select one:a.Housing prices will stay the same since demand and supply are not affected.b.Demand for housing will increase, so housing prices will increase.c.Demand for housing will increase, so housing prices will decrease.d.The supply of housing will decrease, so housing prices will increase.e.The supply of housing will increase, so housing prices will decrease.

Over the three years (2015 - 2017), Brisbane median house prices are expected to rise by 15%. This will leave Brisbane house prices still just below their all-time peak in June 2010. Assume the demand for housing in Brisbane remains unchanged between 2008 and 2017. Which of the following statements is true? The demand for houses was smallest in June 2010. The demand for houses will fall with the rising price. The quantity demanded of houses will rise with the rising price. The quantity demanded of houses will fall to their lowest point in the last ten years by the end of 2017. The quantity demanded of houses at the end of 2017 will have fallen but not to their lowest point in the last 10 years.

Explain two consequences of high house prices on individuals in Hong Kong. [4]

An increase in buying of newly built homes will result in which of the following?ResponsesAggregate demand will shift left as a result of a decrease in price levelAggregate demand will shift left as a result of a decrease in price levelAggregate demand will shift right as a result of an increase in investment spendingAggregate demand will shift right as a result of an increase in investment spendingAggregate demand will shift right as a result of an increase in exportsAggregate demand will shift right as a result of an increase in exportsAggregate demand will not change, since consumer spending did not changeAggregate demand will not change, since consumer spending did not changeAggregate demand will not change, since there has been no change in investment spending

The asking prices of properties for sale in Malaysia will continue to rise as existing homeowners raise their selling prices.However, the concern is that there is lower demand from buyers, creating a widening gap between them and sellers.The PropertyGuru Malaysia's Property Market Report Q1 2023 captured upward trends in the Sale Price Index, with asking prices on PropertyGuru listings increasing by 1.5 per cent quarter on quarter in the fourth quarter of 2022 (Q4 2022).For the whole of 2022, the asking prices went up by five per cent.Sheldon Fernandez, country manager, Malaysia (PropertyGuru.com.my and iProperty.com.my), said this likely comes on the back of the overnight policy rate rising to 2.75 per cent last year, contributing towards the higher overall cost of property ownership.In contrast, the Sale Demand Index saw a significant drop of 14.8 per cent quarter on quarter, reflecting how potential buyers may still be facing affordability issues or a lack of confidence in the current property prices on the market."While the property market has seen healthy activity throughout 2022, our recent reports have shown that Malaysians are now more careful when making big purchasing decisions. Rising inflation and higher borrowing costs have tightened potential buyers' budgets, simultaneously forcing sellers to raise their prices to cover the higher cost of property investments. This has created a phenomenon where the price gap between both parties has widened, further contributing to the housing affordability issue we've been tracking through the past year," he said.Fernandez said that homeowners are increasing housing prices to counter the higher overall cost of homeownership caused by the higher interest rate.As prices continue to rise, interest in Johor's real estate market is also on the upswing, he said.The Astaka @ 1 Bukit Senyum topped the condominium category with 8,784 views on the PropertyGuru website, while Leisure Farm took the top spot for landed properties."This is likely due to the projects' advantageous locations, which are strategically located with competitive property prices," he said.In the central region, Cheras and Bandar Tasik Selatan registered the highest increase in interest.Fernandez said that potential buyers have also set their sights toward the outer areas of Klang Valley due to larger and more affordable housing options with access to the Light Rail Transit or expressways.He said this is consistent with the findings of PropertyGuru Malaysia's Consumer Sentiment Study for H1 2022, where the increase in a remote working arrangements in industries contributed to the preference for property outside the city."As the Malaysian economy is expected to expand by four to five per cent in 2023, the property market is likely to remain active with positive growth," Fernandez said.The Malaysian economy expanded by 8.7 per cent year on year in 2022, the highest annual growth recorded after 2000 (8.9 per cent year on year), according to the Ministry of Finance.The growth is paired with a downward unemployment rate trend, declining to 3.6 per cent in Q3 2022 from 4.2 per cent in Q1 2022.Fernandez said these positive shifts in the local economy eases the pressure on property players to sell, with most holding an optimistic view of the market in lieu of the appointment of the new government.Rental properties on an uptrendPotential purchasers turned away from the housing market as a result of escalating property values and moved towards the rental market as seen by the Rental Demand Index reaching 32.9 per cent in 2022.Fernandez said that the supply of rental listings on the PropertyGuru website also increased by 19.6 per cent, as landlords were jumping back into a rental market with positive demand, seeking alternative income sources to offset inflation.However, the Property Market Report registered ease in rental demand by four per cent quarter on quarter in Q4 2022, after consecutive increases in the previous quarters.He believes that the slight downturn in rental appetite may be due to the higher rental prices in the market, edging up to 2.8 per cent quarter on quarter at the end of last year."Despite this, the rental market is expected to remain active as the government recently waived industry quotas to speed up the hiring of foreign workers, who will bring in fresh demand for rental properties in industrial areas of Malaysia," he said