Ok, not sure if this is even related but just want to be involved with the topic.
Well, prices for property is declining for US and EU. When I was there earlier this year, my colleagues mentioned the credit crunch. Houses in UK is declining about 20 - 25%.
What makes me curious is that, when will this eventually impact Asia? Or will it ever impact Asia at all? Due to the economy downturn, everything is coming downwards but whether or not this will cause the Malaysia property price to move down or not - nobody seems to know.
Some view it as a virus outbreak spread from US > EU > Asia, they say "it will come." Others advise me that they have speculators there who raise up the house prices ridiculously high and therefore it's plunging down now.
What's your take on this? I'd like to hear some veteran feedback as I am also looking for a place for my own some time end of 09 or early 2010.
Financial Is property going to drop?, General property price discussion
Jun 2 2009, 01:20 PM
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