I see a lot of high value properties, Semi Ds, bangalows, high end teracces, condos are still up for sale after a long time on the market. I dont think the buying mood in there or there is no such demand like previous which I think its not good for the property market.
Simple economics, because the goverment wants the public to cut down on spending and loans, that is why the increase in BLR. It is also called the Deflationery Monetary Policy. Don't you notice that many Malaysians generally overspend beyond their means and are only depending on loans, credit cards etc to continue feeding their greed and glutony?