I don't know and can't say if it's a good move or not but I'm quite sure the government is trying to curb those expats working here in MY to purchase low-cost housing meant for Malaysians.

Also, what I mean here by expats / foreigners aren't our maids from Indonesia, Vietnam, Cambodia or construction Bangladeshi workers but the professional kind.

Having said that, RM500k is not *that* much today - i mean, look around U - places where these expats would wanna stay definitely costs a lot higher.

This post has been edited by tinkerbel: Jan 15 2010, 12:19 PM

@barista,
I think the government should also have a regulation for keeping house prices within affordability level

@barista,
20 years ago, 200k was equivalent to about a million so there U go! IMHO certain developed areas will retain it's value; as to whether it continues to appreciate - it probably will but most would have reached its point of saturation so if U intend to purchase a piece of property in those areas, don't expect it to give you great capital appreciation.

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