dun feel shock after GE over... hehe..

actually the bargain is started for prop now in the open market.... thing just getting worse to worse... from now till the next few years.

seriously, i don't property price dropping especially the 2 places which i am looking for. Bandar Bukit Raja & Setia Alam. I'm looking for a landed freehold property but still there is not even a slightest sign of prices dropping instead... less ppl are selling.

One real example is my friend who is applying for this first house, an apartment and he got rejected by some banks already. He is a professional and earn decent monthly income and has been working for many years. Maybe the reason is that project not 'good'. But, I think could be due to the market sentiment also.

LTV 70% has effectively slow down the goreng activity. Ask the bankers and you will know. Last time people buy puluh puluh rumah in one go. You don't see this anymore because the ROI doesn't worth doing so. Furthermore economy is softening. If rpgt increase some more, property market will tumble.

there is no more gold reserve. used long time ago, discarded. that's why every gomen incl usa can keep issuing new money, to keep spending - at the expense of declining currency value relative to the other currencies and inflation.

gomen has little cash to spend on those mega projects. they are mostly funded by borrowings, i.e. bonds - can be sukuks sold to investors in dubai or others bonds in new york or shanghai, and bonds sold to epf.

gomen spending is not very different from individual - if you keep borrowing and spending without a good return, one day you go broke and no one wants to lend you anymore. Just hope for someone or some banks to bail you out for a price with conditions. greece is going thru that now.

there are lots of articles by local and foreign media, debates incl parliament on the health of the economy, growing budget deficits, gomen and household debt levels, so no need to dwell further here.

clearly, you have bought into putrajaya's rosy story, but not me.

domestic demand to sustain growth... oh no...  G oleadi admit recession is coming soon.