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Investment MOVE TO COOL OFF PROPERTY INDUSTRY COULD BACKFIRE, None of the Asian countries had success

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KOHTT
post Aug 12 2013, 12:52 PM

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What Allan Tong said about the HK property is correct or not? Or it is part of the property developers' counter arguments that our government should not impose any further measurement s to prevent property price increase....see the following articles:


http://www.themalaymailonline.com/money/ar...-enters-ice-age

.............For the second quarter, overall home transactions dropped to 11,443, the lowest quarterly sales since 1996, according to real estate services company Colliers International.

Industry analysts now expect residential prices to drop between 5 and 15 per cent by the end of this year.
.............


KOHTT
post Aug 17 2013, 12:42 AM

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QUOTE(accetera @ Aug 17 2013, 12:10 AM)
What Datuk Alam is implying simply:

- affordable housing issue not addressed yet

- shorterm measures will force developer to reduce supply creating a price shock for well demand areas, i.e. PJ (in PJ Damansara, people can buy at whaever prices. My neighborhood everyone chasing RM1m terrace home and people can buy in CASH. And in PJ, most kids work or study overseas so loan just use their name. Lagi best if use UK payslip. Forget the bank)
*
You are talking PJ Damansara only or the folk in whole PJ area are generally quite rich?

This post has been edited by KOHTT: Aug 17 2013, 12:48 AM

 

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