@cic.lemur,
Yeah that should be about just right

Hmm..if a foreigner wants to buy house in the area like Pahang, Kedah...i think it is very hard to find a house selling for 500k...

If that is the case, i guess they will opt for a property to rent

developer not stupid...if they are they're not developers...

d'sara perdana & its nearby area is one place worth mentioning...RM300k not expensive, but if you pay RM300 for a 650sq ft studio, is that expensive now? say RM400+ per sq ft? still cheap? developer still stupid? why u only can look at the big figure?

of course, if there are landed double storey 3000sq ft built up gated & guarded areas with RM300k price tag, its darn cheap & i will be the first one to say it should be reserved to us Malaysians only...

i've been living in MSQ in DP for close to a year now, and honestly, locals probably make up 60%...the rest, middle easterns, koreans, japanese, mat salleh...so is it NOT a place expats will choose to live? its' only a stone throw away from mont kiara via penchala link...one side minimum cost RM900k...another side, can get decent one for RM350k...

pls bare in mind, not all foreigners come to m'sia and have a RM50k monthly salary...look at food court at The Gardens...mostly run by foreigners..selling food...these are not filthy rich ppl...

one or two mentioned property prices will sky rocket with the 'invasion' of foreigners snapping up our properties...dont you think with the RM500k minimum ruling the same thing will bound to happen even more so? property developers will now wanna increase the prices so that foreigners can also purchase their properties, and that, will affect us the locals...becos they cant have 2 (well, 3) different prices for locals, bumi & foreigners...its not like buying petrol with MyKad

i simply feel RM500k is a little bit too much...maybe they should consider readjusting to 400k or so...

actually this ruling reminds me of something. if developer is smart and is developing at certain hotspot which can attract foreigners, they would be smart to price close to rm500k. rg. rm380k to rm450k. so that only malaysian can buy and upon VP can sell to foreigners. and with this ruling, a lot of malaysian would be very happy to let go at rm500k to them.
dunno why, savanna and covillea suddenly comes to mind.
i think they are the one who is pricing almost on the spot to 'catch' the expat with this development and this development seems ideal for them too in terms of environment, location, etc.

cheers!

I agree with the government on this.. its so bloody hard now a days to own a property .. even if you are earning rm 4k a month its not enough also to cover your expenses and what more then to buy a property... all the good one's are priced way over 300K to 400K.. if you got a car and education loan to pay off its not enough.. .. The government should restrict the foreigners to rm 500k property only and not more then 20% of the project can be sold to foreigners.. had asked alot of friends in the property line .. they said that alot of the properties are bought by Singaporeans... some buyers are just fresh grad ..use sing money to buy property and then re-sale or rent out to malaysian's.. some even join with their friends there to buy property here .... some join with local here to buy and get low interest from bank then sell back again to Malaysian's... like that cannot loh.. we suffer here loh .. very hard now a days for young couple to get own place less then 250k unless its low cost...

---

Added on January 19, 2010, 3:06 pmbtw does any one knows how much is this place http://www.impianaland.com/raintree/ariza.html

This post has been edited by lokideangelus: Jan 19 2010, 03:06 PM