Can't compare Ang Moh and Orian.

Chinese usually has high saving...

All right!

You are a genius!

nteresting so, wat action do we take in tis age of liquidity?
just shout? put cash under mattress? pretend nothing happens? or let 9 year old toss the coin?

wait after budget 2010, property price will drop bcos less speculators.

might not want to wait...expected property price will increase upwards to cover 30% tax.

with current price, some also hard to sell out....

if increase just to cover back to rpgt, then u better keep it....don't sell...

i'm not really biased on neither side...property bubble or not...overprice or not

but i have 1 question for those who think they better w8 for the property price to drop
ask urself....how high is high and how low is low

ya .. sure jack up the price..to cover the 30%

I have mentioned this numerous times, preferred stocks paying yield and dividends, some real gold or silver, cash in currencies which are not dependant on export as the currency and trade war is upon us. I use CHF! I would also look to commodities, oil, agri to round it out.

---

Added on October 9, 2010, 1:20 amNot! this tax works against property prices just like a rise in interest rates, inflation pressures on everyday living costs and a downturn in the stock market.

This post has been edited by Onemorething: Oct 9 2010, 01:20 AM

ya..the chinese are coming over...
not in a big way...
but from info i gather...
their investment in RE in malaysia is increasing.
many chinese are looking forward to stay in malaysia.

lolz...we are pendatang, they still want come here to stay....

u will be surprise to know how many chinese enter and leave malaysia.

the prefer to stay here rather than in china

---

Added on October 9, 2010, 1:33 amthe price will most prob stagnant for a few months...
and then jack up more to cover 30% rpgt.

in the end property prices still up

This post has been edited by 106127: Oct 9 2010, 01:33 AM

main reason property price went up was due to speculation of new launch properties. FLIPPING.
30% of RPGT will affect FLIPPING. if implemented, property price will go down, that's for sure.

those who say prices will go further up are mainly vested parties who reluctant to see this tax eat into their profits.

agreed with you

btw if increase, why need increase 30%, they really dun know RPGT works
the increase will be marginal as the RPGT on profit only(profit 100K, tax 30k only mar)

for those who want buy for own stay..there is no "what time to buy"
just buy it if everything fit your needs, not like you move every few years

Speculator seller can jack up 30%, but if buyer refuse to buy the after 30% jacked up price, transaction won't be done.
If sellers have difficult to sell with jack up price, naturally speculator and flipper will shy away the market, and there won't be so much buyers around for new properties, eventually price become more stable.

Remember RPGT only affected short term buyers and properties flipper/speculator, it won't affect the long term sellers.

yeah i agree wit that...it will only affect short term flippers
the big investors just need to hold the properties for 5 years and can get away from rpgt
the problem is still not soved

The market is flooded with flippers. With the sole intention to earn a handsome profit within the shortest period of time.
They are the ones who create this insatiable demand which drives up the price.

This RPGT is going to impact market sentiment and affect most to those fippers with no holding power.

This post has been edited by return78: Oct 9 2010, 09:52 PM

Personally I'm all for RPGT. This'll help us glimpse how much of the demand out there is genuine.

**deleted n moved to other topic**

This post has been edited by countdown: Oct 12 2010, 07:15 AM