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Financial Are property prices going to drop? V2, The heated debate continues

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zk9
post Feb 28 2011, 06:37 AM

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in my personal opinion, Recently properties price is jacking up very fast now within 40-50% percent from 2008 until 2011. Reasons are:

1. Flexibility towards house loan set by government (encourage people to spend while banks and developers definitely loves it)
2. High ratio of development for high class property (Developer and government need financial booster)
3. Less inflation
4. Developers and agents speculation

So, i prefer to keep myself a lot of $$$$ for investment (gold,unit trust,FD) rather than spending it at property. Lets decrease demands and wait little longer. Btw oil price was estimated to jack up soon, keep saving for future oh shouldnt use saving word, to be exact invest towards other area.

This post has been edited by zk9: Feb 28 2011, 06:39 AM

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