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Financial Is property going to drop?, General property price discussion

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ThanatosSwiftfire
post Oct 7 2010, 12:02 PM

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Caveat emptor, let the buyer beware?
ThanatosSwiftfire
post Oct 7 2010, 08:45 PM

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QUOTE(jalsrix @ Oct 7 2010, 06:06 PM)
RPGT going to increase to 30% in budget 2011

http://www.chinapress.com.my/content_new.a...rt=1007bs01.txt
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Looks like we're on track to a full reinstatement of RPGT. That's good for the health of the market, but bad for speculators and those that bought in before this.
ThanatosSwiftfire
post Oct 9 2010, 11:15 PM

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Personally I'm all for RPGT. This'll help us glimpse how much of the demand out there is genuine.
ThanatosSwiftfire
post Oct 10 2010, 09:34 AM

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QUOTE(106127 @ Oct 10 2010, 12:44 AM)
the real rgpt is much less than 30%. (if you know how)
so the flipping process will continue and prices will tend higher.
yesterday  a developer just launch at 650psf soho units.

many units taken except units with 4 on it


Added on October 10, 2010, 12:50 am

what if every one jack up 30% and valuation also jack up by 30% and bank refinance after jack up 30%

then property prices will go higher... cant you see?

anyway, if no one want to buy, those sellers are not in a hurry to sell too...so buyers have no choice but to follow with additional payment of 30% to the government.

can't you see that the government are short of funds and its high time to get more money in thru rakyat's nose and earn praises from the rakyat.

its a double edge sword!!!!
MALAYSIA BOLEH
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The malaysia property market isn't as hot as u think it is. I suggest you to take a look at KPKT's statistics for the 1st quarter ended 31 march 2010, (Linked below, take a read)

Link provided here : Ehome-KPKT http://ehome.kpkt.gov.my/ehome/laporan/perangkaan.cfm
CLick on Perangkaan Suku Pertama 2010, on page 13, Statistiks Project Lancar mengikut negeri
Just using the Selangor/Wilayah Figures, it's quite easy to tell there's a LOT of units unsold out there.

So after seeing this, what do you intepret out of it? (or do u think it's irrelevant?)

ThanatosSwiftfire
post Dec 17 2010, 05:30 PM

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We Chinese always think of migrating, to seek greener pastures, but are never the one who 'create' those greener pastures. We're parasites, we assimilate into western societies, usurp and buyover their assets, their companies, abuse their benefits, and then implement chinamen policies, and what was once a 'haven / greener pasture' over time is sucked dry and becomes a wasteland, then they lament why things aren't as good as before.


ThanatosSwiftfire
post Dec 21 2010, 03:23 PM

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I must say though, you property investors are bloody brilliant (at least from reading the analysis you all make)
ThanatosSwiftfire
post Jan 28 2011, 10:43 AM

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Erm, don't you guys have friends in construction/property? From my knowledge of property development/construction, some of the things u ppl saying don't quite make sense.

Btw, a lot of companies have huge sums sitting in their bank account due to the requirements of the Housing Development Account legislation (applicable to residential properties), so it's pretty common to see amounts in the hundreds of millions scattered across a group of property companies... at least from the entities i've audited...



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