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 Property Bubble Burst ! ?

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Jszeon
post Aug 6 2018, 12:17 PM

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I believe the current market is slow down and most of the property price has been dropped as compared to peak 2012 - 2013. If further drop, i think the whole economy will be affected which i think highly unlikely that will happen in the near future. Unless the Government did not control properly. If they start now, the market still be able to maintain.
Jszeon
post Aug 6 2018, 02:31 PM

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QUOTE(AskarPerang @ Aug 6 2018, 12:50 PM)
Got big discussion going on, viral, that investors bought up those cheap props to rent out and end up:
- nobody buying expensive props
- those low income group not able to buy cheap props

I guess government will look how to regulate this soon. Someone posted an idea that:
1st prop - 90% loan
2nd prop - 70% loan
3rd prop - 50% loan
4th prop - cash buy

Guess if this is true, property price will fall further after this.
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To prevent this kind of thing to happen, i think government can used the cap like those cheap prop only allow for certain name and not allow for group purchase or what. Instead of implement this. In fact i think the current supply is more than enough for the future peoples. By right government should limit the projects near KL city and to plan a proper town/restructure the town if they really want to expand further. I believe re-structure those old buildings is more workable. But the bubble is already there for most of the projects. Even the developer now they are not dare to launch big & luxury units. What they offer is just a small pigeon hanging on the sky and brain wash you it's low density. In fact it's high to make sounds affordable but not worth the value.

 

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