QUOTE(ukuan @ Nov 4 2018, 11:18 AM)
I agree with u coolguy99. How can a government tell property will drop to 10% as this will effect the whole malaysia economy and only let those low income earner siok for a while. I think there must be a reason behind which I think they want to make them happy to change to new government.
Yesterday, I went to a property talk that mentioned about this 10% discount is mainly for low cost, prima apartment and not much impact on the middle or high end property. Moreover, he said that the 10% discount is actually refer to the 10% rebate from the developer.

. which currently government still don't know the developer is giving away this kind of rebate. So, conclude that, now the developer will actually convert their term from rebate to discount and the property price won't effect much.
Developer can simply mark up their price and give rebate. Moreover, the price of a property is difficult to determine. It relies heavily on supply vs demand, location, facilities, layout, size, surroundings, future potential just to name a few. So it comes back to how one can determine if property price has dropped.
Nowadays developer has been giving out rebate in the form of 0% DP, developer may argue that the price has already dropped, but in reality it is just right hand in left hand out theory.