My johor property agent friend told me they used to sell about 3 to 4 houses in 2months. Now it's like 1house per 2months.
Sometimes 3 months only managed to sell one house.

Singapore side is pulling handbrakes on danga bay and iskandar projects already.

While after mh370 incidents a lot of Chinese investors pulled out.

Business have slowed a lot since after elections. GST will be the final nail in the coffin to grind spending power to a halt.

Commodities price all going down. Our country income will drop a lot due to low CPO demand from China and a low oil price.
Expect a lot more taxes from our government to cover this loss of income