D  c0392b small

Malaysia lets ringgit fall below 1998-2005 peg. Theoretically that means higher construction cost. But the question is how BADLY will this affect construction cost? Will this make property price even higher? On the other hand we have an already slowing down property market. How would the mix of these 2 (or potentially more - if you may suggest) factors affect the property price in the coming 6-12 months.


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Time to call up ABC professor from XYZ local university to comment on that. Haha.

But really, without getting too into economics, I reckon we malaysians will have to stop depending certain on imported commodities and find replacement alternatives from within.

Few of my friends doing cookies for Raya relate their issues, that lots of raw material couldn't be obtained from outside due to poor RM, and in the end no cookies. Money back with huge apologies as Raya approaches.

Property prices? Back to basics yo. No more luxury spending, can expect more mass market products to fill the market with fanciful properties put on hold/fading to the back.

P  2c3e50 small

It is >3.9 today!!!

D  c0392b small

Once exceeded 4.00 foreign investors would dump Malaysia investment. Share market crash is going to be the biggest hit. But that deserve a separate topic for discussion...

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Saturday i went to have a look in Money Changer counter ... 3.92
Sweating .... sweating ....

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Hurray ! it's above 4

P  2c3e50 small

It is good time for foreign investors to buy now especially on high end properties. Given the market condition and sentiment now, it will hardly boost prices.

Img thing small

Yea, I agree. Foreign investors are now eyeing to invest in Malaysia's properties taking advantage of our current situation. But do you think property developers will then increase prices because of this opportunity they foresee?

P  2c3e50 small

Back to basic marketing, developers will have to segment the market and then target which segment they want to go in. There is no "one size fits all"...

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hence, not much foreign investor coming in to our country. wondering why.

A  c0392b small

They already came in before, but due to appreciation of ringgit, their investment in USD real terms lost, meaning if they bought a property which gave them a good return at 20%, meaning a 500k property appreciated to 600k. And with the depreciation of ringgit at 25%, they still lost money in USD terms. They cant use ringgit in their own countries can they?