Yup, most MM2H is no investors. I opined that they contribute to inflation for prop and other prices than benefiting normal peasants. Only certain business bosses gain from their present here.

I recall prop price hike happened when Najiiis started this MM2H shit. Prop price hike spill over to non MM2H prop as land banks market is not isolated. Everything is inter-linked.

Good riddance. If you want to work in malaysia then come with the intention to work. Like most people do when they go to go work in other country. We dont need you to compete with the locals in domestic housing market.

We are not like canada, australia, argentina with literally unlimited land to sell to foreigners.

UK folks especially in london suffers when simple 2000 sqft sold for 10 million in central london because most owners take the easy way to get rich and sell their properties to group investors from other countries.

Let say u are right and we try to look at the historical trend, in 2009 condo in taman melati pv3 sold for around 280k per unit. At that time exchange rate was around 3.5. Fast forward 2012 i remember viewing the units and most owner try to sell at 400+. Currency strengthen to 3.2 but price shoot up?

That is the period of illogical property boom in KL due to illogical euphoria from property agents and young ppl to make quick bucks.

Ok fast forward to 2021. Most condo in pv3 still sells for around 400-550k when exchange rate deteroriate to 4.2. Currency weaken but price only increase a bit?

This is just example of exchange rate and inflation is not the main factor of property price increase. Its always about the demand, price people can afford and bank lending policy.