28 Sep '12, 2am

Latest: What is driving up property prices?

I have the intimate experience of dealing with one developer whose prices for medium cost condos shooting up from below Rm200K in January 2011 to Rm300K today! Those are properties in Butterworth. Now isn’t that over-expectation of profit in the face of frenzy property chase? What we expect is reasonable pricing & not ‘cut chicken throat’ out of greed! As moo_t mentioned: Bolehland(TM) government locked up the market so bad that, many economy activities is OUT OF REACH of many. So property “speculation” become the “investment” haven… So the mantra of many private corporations with starving ‘locked out of market’ shareholders to make their days: “Make hay while the sun shines”. The same for speculators who have no “amanah” to put their hard earned money to reap 10+% guaranteed returns but to reap fast profit while the sun shines on property market. This is the fallout of gr...

Full article: http://anilnetto.com/economy/development-issues/what-is-d...

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