From the standpoint of direct property investors into Iskandar - TopicsExpress

From the standpoint of direct property investors into Iskandar Malaysia, it is a positive move to prevent the formation of a bubble and to ensure the medium to long term sustainability of the property market in relation to its supply and demand curve. The knee jerk reaction could be the the emergence of fire sales in the next 2 months, prior to 1 Jan 2014 for sellers who want a quick exit in order to avoid the hike to 30% of RPGT. Properties from RM850,000 onwards would trend towards RM1 million in the next few quarters so that foreigners can buy them whereas properties below RM800,000 may experience a smaller market as foreigners are unable to purchase them anymore.

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