Malaysia Watch Forum

Off Topic => Investment & Real Estate => Topic started by: chrisyen on October 27, 2013, 07:46:28 PM

Title: Budget 2014 effect on property market
Post by: chrisyen on October 27, 2013, 07:46:28 PM

As expected

1. Dibs prohibited
2. Rpgt increased up to 30%

Then the unexpected
1. Foreign buyer can only buy a million or above property (previously rm500k)
2. Developer must declare full all benefit in sales ( free legal fee, lstamp duty, etc )

+ 6% of GST in 2015 gonna increase cost of development

Hm... I hv mix feeling...u?

Title: Re: Budget 2014 effect on property market
Post by: dpkong on October 27, 2013, 10:56:58 PM

Slight dip in speed of sales as some short-term speculators will pull out of the game.

Prices will remain and price increases grow slowly for new properties ie. developers wouldn't find making a quick buck easy anymore.

Construction industry will be hurt as sub-contractors are the ones who will suffer.

Quality will drop due to cost-cutting to maximise profits.

Title: Re: Budget 2014 effect on property market
Post by: chrisyen on October 28, 2013, 06:36:21 AM

Quote from: dpkong on October 27, 2013, 10:56:58 PM

Slight dip in speed of sales as some short-term speculators will pull out of the game.

Short term speculators pull out is gd for the market?
They r bubble creator?

When they pull out, which area n what type of property market affected most?

Title: Re: Budget 2014 effect on property market
Post by: chrisyen on November 02, 2013, 07:41:45 AM

I still see unprofessional agent put DIBS on their ad yesterday...

Anyway, market strong... Ppl rush to buy b4 2014!

Reason - new RPGT start next yr
              GST gonna increase cost of development for sure, so as the price

Title: Re: Budget 2014 effect on property market
Post by: zek on December 24, 2013, 12:04:35 PM

Quote from: chrisyen on October 27, 2013, 07:46:28 PM

As expected

1. Dibs prohibited
2. Rpgt increased up to 30%

Then the unexpected
1. Foreign buyer can only buy a million or above property (previously rm500k)
2. Developer must declare full all benefit in sales ( free legal fee, lstamp duty, etc )

+ 6% of GST in 2015 gonna increase cost of development

Hm... I hv mix feeling...u?

i don't mind rgpt or what ever as long the price keep on increased, its for investment

Title: Re: Budget 2014 effect on property market
Post by: azumiao on March 28, 2014, 06:26:04 PM

BR replaced the BLR, 2015 onward...
The announcement on this .. what do you think? 2015 property financial year?

http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/281231-bank-negara-malaysia-annual-report-2013-base-rate-to-replace-blr-in-january-next-year.html

Title: Re: Budget 2014 effect on property market
Post by: dualcarb on March 28, 2014, 07:19:57 PM

I see a short term correction and long term benefit...no worries if you have the financial ability to remain in the market. Not the sort that buys and flips...those has to go!!!

DC

Title: Re: Budget 2014 effect on property market
Post by: chrisyen on April 01, 2014, 11:32:50 AM

many states coming out guideline for foreign purchase now....
Melaka says RM500k and above for strata property, RM1m and above for landed property, land need state approval !

Anyway, with less China investor, except Iskandar.... most places sales drop lately

Title: Re: Budget 2014 effect on property market
Post by: dpkong on April 01, 2014, 01:51:32 PM

Also, property market in China is not booming. In fact with one major bankruptcy, it is likely to be followed by many more. If we have been depending too much on China market, a correction will come whether major or minor.

Title: Re: Budget 2014 effect on property market
Post by: dualcarb on May 03, 2014, 10:15:09 AM

Recently on one of the financial papers in Hong Kong...it has been confirmed that Lee Ka Shing, the richest property investor this side of the world...has pulled out of China for good. Liquidating all of his properties and interests in China. It will be interesting to see how this affects the Malaysian market...

DC