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.
Property price/value (Petrol hike), How petrol hike can affect price/value?
Jun 6 2008, 10:14 PM
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