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 Property price/value (Petrol hike), How petrol hike can affect price/value?

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a6meister
post Jun 6 2008, 10:14 PM

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of course, the property market surely slow down. i am a property owner, and of course i do not want this dilemma to happen, but based on this higher inflation condition, property slowdown is inevitable.

But, i dont think the slowdown will be serious, perhaps a minor effect. Since this higher inflation ( oil hike ) just begin, i guess it is still too early to predict as we dont know the BLR story still. To add some positive view, since there is a discount of stamp duty of up to 50% and the abolish of property tax, i believe these are the 2 points will give a positive impact onto it.

Building materials, is definitely soar in price as well. This will make a heavy impact of new development price. Forget the steels, bricks, wood, cements, just a PILING WORK work cost the developer a huge sum of money.


a6meister
post Jun 7 2008, 11:48 PM

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yes, i do refer to property tax, indeed which is also known as RPGT. i believe it is also being announced in newspaper quite some time ago.

Thanks
a6meister
post Jun 9 2008, 12:28 PM

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QUOTE(gkl83 @ Jun 9 2008, 10:12 AM)
i read newspaper yesterday regarding the raw materials (cement, steel bar, etc)...
due to petrol, electric, water hike caused the the citizens having low and middle salary range may no afford to buy houses... government may decide to provide rebate for the developers of the raw material to reduce to house pricing, so citizen afford to buy house later... is it possible for government to do so?
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I really doubt this government can do it. RAW MATERIALS FOR BUILDING CONSTRUCTION is a big business. They cant even control the electricity tariff properly ( which TNB IS A GLC ), AND RIGHT NOW THEY ARE TALKING ABOUT building raw materials. CHILDISH GOVERNMENT.


Added on June 9, 2008, 12:32 pm
QUOTE(tinkerbel @ Jun 8 2008, 09:56 PM)
@yewkhuay,
Yeah I think so but in his original post he did say the properties are the same price mah, so how'd I know there's such a difference.

Anyhow, a semi-d <RM300k?!  Er.. just where would it be located?
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i do confuse about what Hotlink mention as well. and the question seems like too subjective. since the semi d is that cheap compare with double storey link house, why you still puzzles of buying it ?

secondly, i would also like to know where can i get a semi d below 300k in Klang Valley.

This post has been edited by a6meister: Jun 9 2008, 12:32 PM

 

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