if you are talking about a "market" that involves in buying and selling with a currency..i do believe all type of market CANNOT defy whatever gravity or economic theory u meant~~it is either some factors are mis-look, the underlying assumptions are wrong or some genius who interpret it wrongly~~

By THEORY~~GST was not really that bad~~but the problem is...whether the govt can implement it correctly... i.e. tax on the rich, subsidise the poor~~
you spent more, you pay more~~

in THEORY also~~when GST is implemented, the personal income tax rate has to drop accordingly~~means lesser PCB and more net cash receive by all tax payers...if the tax is focus heavier on goods and services,it also helps to close the gap on rich ppl who tried to evade tax in the past~~in my opinion this is a better tax system~~

HOWEVER,it is the current govt that makes me worry of how they are going to tax us~~we really have to "wait and see" on what brilliant plan they can come out with~~

Personally, i do think that the impact on property market is unavoidable and has a negative impact in the short term~~ will it bring down the property market? the GST tax factor alone is very unlikely~~

if the tax money is being used on infra (hospitals, schools, MRT & etc) and roads around your property, and not for corruption/stupid (e.g. building a 100 storey tower to con money) means~~then the property market might even be hotter~~Again~~it all depends on how the government use the money~~

This post has been edited by terryble: Jun 10 2013, 12:39 AM

Nice drawings~~
it is by fundamental very hard for a salesman to tell u that the property market has problems~~
1 week before the recent financial crisis in US happened~~the authority + the housing association (forget the full name, but it WAS a national level 1) and the sales agent is saying the market is fine and will at most suffer a minor hiccup~~turnout it is a full power tsunami that sinks the whole US market..

My point is....the sales guy will say whatever that is in favour to them~~but as a buyer, plz process the info yourself~~

This post has been edited by terryble: Jun 17 2013, 12:22 AM

The likelihood of North Korea launching a nuclear war is almost 0~~

the chances of North Korea WINNING the war??? Only in your dreams~~~

The chances are....before North Korea launch anything~~it already become flat land~~IF US wants it to be~~

haha~~

1st sentence = Launching
2nd sentence = After Launching
3rd sentence = before launch

three different time frame & three different possibility~~

Great analysis, well said~~

Anyway i do have worries on how Government of Malaysia (GoM) implement their plan~~
as far as my understanding~~the GoM always have good plans~~but the one who really implement it...mostly their own people~~in short~~the top tier developers only got a small piece of the cake~~ therefore, we really has to wait and see how PR1MA will be able to drive down the property price and benefit the people~~

Put that apart~~thousands of new unit will be available in the next 2~3 years~~
The supply is definitely plenty~~especially the pricey mickey mouse units~~assume 70% of all the new units are for own stay (VERY optimistic!!) there are a thousands more units left over for flipping~~again im trying to stress the high supply of new units~~

Demand~~hmm this is tricky~~ although KL is still the heart of Malaysia~~but recently the development seems to be moving out of KL~~partly due to scarcity of land, congestion, cost/price or even due to the MRT project...some say Cyberjaya will be next hotspot~~some say Rawang~~or maybe Johor~~it will create plenty of opportunity elsewhere~~ no doubt there are still new plans in KL but my point is~~but the demand should not be concentrating crazily at KL like it used to be~~ in other words..demand on KL maintain or only increase slightly~~

Well~~~the news says FDI is reducing for Malaysia~~we are not as attractive as we used to be to rest of the planet~~external demand should be weak~~actually really not hard to guess when Europe is struggling, US and China is slowing~~

Now~~if GoM brings cheap and good mickey mouse units under PR1MA~~i think it is not hard to guess what will happen to the pricey ones~~

Additionally, GoM is highly indebted~~sooner or later (i bet very soon), GoM has to repay it~~we are not strong like the USA, they can print more money to buy back their bonds (QE)~~GoM cant~~so be prepared guys~~~GoM will wanna take more money from its fellow citizens~~

Just my two cents on the latest development of the economy~~

This post has been edited by terryble: Jun 30 2013, 11:02 PM

Nope Malaysia is also affected...although not critically but the effect is great...the export and the demand for our raw materials were reduced~~and the effect came a bit late as well~~