Posted by fortunebullz > 2014-04-18 19:42 | Report Abuse

Pay my last respect to late Karpal Singh today, still in Penang with wife probable spend weekend here!

Who is more swerd than Li Ka-Shing! The same person who avoid 1997 Asian Financial Crisis! He is my idol!

Now, this week has been very weird indeed! China announce growth for 1st quarter only 7.4%! This is the same country that show us above 10% growth! The reaction even more strange, there was no reaction at all! Markets continue to move higher! I am worried, very worried, that irrational markets will eventually force itself to adjust! Why I am worried, that many will be bleeding bad! I only punt a bit this week, just to past time! I see plenty of action, plenty of retailers making good $$, easy! Even Dsonic made a big comeback! Careless days looks so great! Beware! Sometimes, you are so invested, 100% into market when the u turn occur, and fast!

Posted by Kukuman > 2014-04-18 20:02 | Report Abuse

You finally wake up today. Why make such comment on the market? Trying to do a charity service to the stock players here? Even if you are correct, they would not say " thank master fortunebully. U r so correct". No. They wont. They will curse you till kingdom comes. If you are wrong, you are just making yourself look like an outcast. People in dsonic forum already make fun of you when dsonic up today.

Posted by fortunebullz > 2014-04-18 20:16 | Report Abuse

Kukuman! Dsonic limit down twice! Brainless people enjoy mocking more intelligent beings! If they are so sure Dsonic making u turn, they dont even mock, they buy and enjoy fat returns! It's okay! Markets don't go up and up! They forget if its unreasonable it will crash! I make many correct predicting of the market! But most remember my few wrong ones!

Posted by fortunebullz > 2014-04-18 20:18 | Report Abuse

Like I said, if you are right, you make money! If you are wrong you lose money! Why should I bother with cowards only come out to hantam me but so quiet before! They are mocking themselves!

Posted by Fam Jenny > 2014-04-18 20:34 | Report Abuse

Fortunebullz,many times you make wrong alarms esp about dsonic and it doesn't drop to RM1/-.You are wrong in Hibiscus about its limit-up and became a falling knife.You talk about the coming collapse of world markets which have not shown any signs of downturn yet.
You are too presumptuous about many issues,I will appreciate you much more if you will tone down a little of your proclaimation.
No one is absolutely right in her/his opinion every time and hope my comments here do not cause any hard feeling.

Posted by fortunebullz > 2014-04-18 20:44 | Report Abuse

Fam! No offence taken! Free opinion! As long as you don't hantam me! If you think I am wrong, the forum is open to tell your side of the story! Convince me I am wrong! This is call healthy exchange of difference! Why so angry with what I say! Did I get angry when others write differently about Hibiscus, no I didn't! Did i defend Hibisucs and stay in denial, no i didnt!

Did I attack anyone in Dsonic, no I didn't! Yes, I did warn before the limit down of Dsonic, but I think most forgotten about that! Most forgot that Dsonic drop rm2 but jump up and down when go up rm1, talk about short memory!

No one is absolutely right about his/her opinion, but if you notice, I don't defend my opinion like mad, and hantam those with opposite views!

Posted by fortunebullz > 2014-04-18 20:47 | Report Abuse

Look! Read this article, even Li Ka-Shing sold all his properties in China to wait for coming crash! If he is wrong, then his lose! Mind you he was right about financial crisis 1997! So please, give your side of story! Convince us that there wont be any crash in near future! Instead of getting angry over nothing!

Posted by Tripaka > 2014-04-18 21:03 | Report Abuse

Look at li ka shing's hands. He showed you ten fingers. That means it's either in 10 years time or ten weeks time the global market will fall. It depends on ehich side we see.....:)

Posted by Tripaka > 2014-04-18 21:05 | Report Abuse

And he is smiling. Either way he wins....

Posted by Kukuman > 2014-04-18 22:07 | Report Abuse

fortunebully, people just dislike you eventhough sometime your comments make sense. people just dont welcome your opinion. anyway, it is freedom of speech. by the way, are you not also angry over nothing? your above post seems to be. relax lah

Posted by fortunebullz > 2014-04-18 22:17 | Report Abuse

Kukuman! I read your posts, you dont dare to speak your own mind, you fond of hiding behind others! You enjoy taking cheap shot when ever others wrong! And i notice you follow into Asiapac as well! My free recommendation for Asiapac! When Dsonic limit down you said, others fingers burn! But when move up, you want make me scapegoat! Its so easy to be coward!

Posted by Kukuman > 2014-04-18 22:27 | Report Abuse

because you talk arrogant at times. i dont proclaim this and that. predict this and that. you are just promoting your version of self-righteous. coward is you who dont admit when you are wrong. aiya, why so angry? truth hurts right

Posted by fortunebullz > 2014-04-18 22:31 | Report Abuse

Kukuman! You never have own opinion! You just want to take cheap shot! Nobody know your existance in i3! Everybody know Fortunebull! You talk only emotional and forummers but dont dare to give 2 cents about stocks! Yes, i know you read every comments i make!

Posted by Kukuman > 2014-04-18 22:46 | Report Abuse

Giving out opinion come in many forms. certainly not pushing through people throat like what you did and some more with arrogant. I cant read every of your comment la. That's not productive exercise. but your comments are so irritating and lanced with arrogant so much so that u can be recognised without looking at your id.

Posted by Kukuman > 2014-04-18 23:12 | Report Abuse

"comes 2006 - 2007" ?

Posted by Kukuman > 2014-04-18 23:14 | Report Abuse

CKInvest, if we everyday talk about dooms for 365 days or 730 days or 1095 days, sure will strike one day la.

Posted by Kukuman > 2014-04-18 23:16 | Report Abuse

No. is it typo error at the last sentences?

Posted by Funtrade > 2014-04-18 23:41 | Report Abuse

fortunebullz, your prediction banyak lousy loh. Keep on asking newbies to throw when today it can rises up to the damn RM3.70. You emotional old man. Don't act pandai and experienced advice enter the laggard Asiapac penny stocks.

Same with The AyamTua keep on promoting his laggard NTPM tissue paper and Calvin the Singaporn man. Good stock no nid promote also will up one

Posted by zoomboom > 2014-04-19 00:21 | Report Abuse

Bro Tripaka, I like your way of seeing things :-) ROTFLOL

Posted by chyokh > 2014-04-19 10:13 | Report Abuse

A shrewd businessman will sell if he thinks there is no more profit to be made. He will move his funds to other investments which has more potential.
We all know that China's property market is a bubble waiting to burst. However, it does not mean that the whole economy will crash. Our Malaysian property investors better take note. Those who think that house prices will go up forever and keep chasing will pay the ultimate price. Malaysians are already up to their ears in debt. Interest rate is going to go up because of inflation, and these people have to pay more to service their debts and to buy houses. Wages are unable to keep up. How much longer can this situation go on? If you are a property investor, you better sell everything like Li Ka Shing.

Posted by calvintaneng > 2014-04-19 10:43 |

Post removed.Why?

Posted by Tripaka > 2014-04-19 12:50 | Report Abuse

Zoomboom, ten weeks from now is around early June. He may be right because world cup is around that time. So on the safe side l may want to minimise my exposure before then. No laughing matter. Till then we'll see. He is a shrewd and smart guy.... zoom.

Posted by vinc3362 > 2014-04-19 13:19 | Report Abuse

Funtrade, show some respect to seniors like Fortunebullz who are willing to voice out their opinions and analysis. If you disagree, don't follow lah. They are risking their reputation by posting here and trust me, no one here can get it right more than 70% of the time. If they can, they are multi billionnaires.

Without them, this forum here will be filled with lousy postings like yours which doesn't help me earn more money.

Posted by fortunebullz > 2014-04-19 13:28 | Report Abuse

Posted by vinc3362 > Apr 19, 2014 01:19 PM | Report Abuse

Funtrade, show some respect to seniors like Fortunebullz who are willing to voice out their opinions and analysis. If you disagree, don't follow lah. They are risking their reputation by posting here and trust me, no one here can get it right more than 70% of the time. If they can, they are multi billionnaires.

Without them, this forum here will be filled with lousy postings like yours which doesn't help me earn more money.

Answer : Thank you Vinc! Don't understand the mentality of some people! Not surprise if Funtrade go out hantam everyone and hiding behind others opinion, don't dare to voice out especially when Dsonic limit down twice!

Posted by fortunebullz > 2014-04-19 13:34 | Report Abuse

Posted by Funtrade > Apr 4, 2014 08:42 PM | Report Abuse

Bro two more crony companies Brahims & CMSB. Kasih Cut lose and transfer funds to this two counters this monday!!!!!!!!!!!

Posted by fortunebullz > Apr 19, 2014 01:22 PM | Report Abuse X

Posted by Funtrade > Apr 18, 2014 11:41 PM | Report Abuse

fortunebullz, your prediction banyak lousy loh. Keep on asking newbies to throw when today it can rises up to the damn RM3.70. You emotional old man. Don't act pandai and experienced advice enter the laggard Asiapac penny stocks

Answer :

Dsonic highest 4.80! Drop rm2.00 loss margin! Up rm1.00! Still losing rm1! Many still holding paper loss! Where did you park your brain!

Funtrade, don't hide and take cheap shot! Remember what you said on 4h April on Dsonic!

Posted by Funtrade > 2014-04-19 13:36 | Report Abuse

Fortunebullz aka anger bull:

When Dsonic goes up from RM3 pre-split to RM3.60 post-split (RM18). That's 600% gain man? Why didn't you mention abt that huh ??

That's RM15 margin, 15 times of your so-called RM1 margin !!!

Common your non-constructive comments polluted the entire pages of Dsonic, how can we comment man?

Newbies bought at RM4.80 cut loss after listening to your comments = realized lost

Newbies bought at RM4.80 din't cut loss, hold for a month, they will gain man!! Dsonic will penetrate RM5 in May man.

Why need to defend since it's good?
How many investors bought at high of RM4.80 ????

Posted by fortunebullz > 2014-04-19 13:41 | Report Abuse

Funtrade! I can copy paste whole day what you said in Dsonic especially on 4th April during the limit down! Please be mature! We are ikan bilis, cannot influence price!

Posted by fortunebullz > 2014-04-19 13:43 | Report Abuse

Posted by Funtrade > Apr 4, 2014 08:11 PM | Report Abuse

Lost only 2k ady curse others.So pathetic.Better keep your money inside tabung

Posted by fortunebullz > 2014-04-19 13:44 | Report Abuse

Posted by Funtrade > Apr 4, 2014 08:39 PM | Report Abuse

optimus2,u cakap macam betul. Like that better leave him alone.Nanti the more we talk he buat bukan-bukan. 20% drop not 1997 crisis also @-@

Posted by Funtrade > 2014-04-19 13:44 | Report Abuse

I agree with you: We are ikan bilis, cannot influence share price. Not at all.

Another concept from you that I really like: Never paktoh with stocks, one day they might betray you. When earn take profit when lost cut lost. Never too greedy never too hopeful.

Got to go Bye and have a nice day. Peace bro.

Posted by fortunebullz > 2014-04-19 13:46 | Report Abuse

Posted by Funtrade > Apr 14, 2014 09:41 PM | Report Abuse

alphajack better don't play play with LIM he is a bachelor in Actuarial Science and master in Economics. Now earning Brunei Dollars by teaching tuition.

But how come his investment decision like koyak dan kaput one?
Somemore now got #Pray4LIM tabung

Posted by fortunebullz > 2014-04-19 13:47 | Report Abuse

Funtrade! Please, I do not like to be belittle for nothing! If you have better opinion please share! Don't take cheap shot just to justify yourself! Peace!

Posted by calvintaneng > 2014-04-19 13:59 |

Post removed.Why?

Posted by calvintaneng > 2014-04-19 14:17 | Report Abuse

Article was written in July 20th 2013 called

7 REASONS WHY ISKANDAR WILL BE THE FASTEST GROWING REGION IN THE WORLD FOR THE NEXT 10 YEARS.

IT SHOULD BE "FOR THE NEXT 30 YEARS" By NOW Because of

1) RM190 BILLIONS MASSIVE INFUSION OF CAPITAL INTO PENGERANG OIL & GAS HUB

2) 4 LISTED CHINA DEVELOPERS NOW IN ISKANDAR FOLLOWED BY A BILLION PROPECTIVE HOUSE INVESTORS FROM CHINA. SEE HOW CHINA'S MONIES LIFTED UP REAL ESTATE PRICES IN SYDNEY, LONDON, CANADA, HONG KONG & USA.

None were built by CHINA OWN DELELPOERS. BUT THE ISKANDAR PROPERTIES ARE BUILT BY CHINA OWN LEADING PROPERTY PLAYERS.

See How Malaysians lapped up Battersea by SP Setia in UK? So Chinese will trust their own House Brand Developers.

3) SPORE JB MRT, HIGH SPEED BULLET TRAIN & NOW "FRIENDSHIP" BRIDGE

Just like PJ, Bandar Utama and others rode on the growth of Kuala Lumpur.

ISKANDAR IS RIDING ON THE MILLIONAIRE/BILLIONAIRE ENCLAVE OF SINGAPORE!

4) PINEWOOD STUDIOS, LEGOLAND, JPO, HELLO KITTY THEME PARKS & SUNWAY PENDAS WILL MAKE SUNWAY SUBANG & OTHERS LOOK LIKE CHILD'S PLAYS.

5) AND THE LIST GOES ON.

There is a saying, "He who laughs last laugh the loudest."

And the City that Build last build THE VESY BEST!

TIME TO UPROOT AND MIGRATE TO ISKANDAR - THE BEST KEPT SECRET IN THE WORLD!

Posted by fortunebullz > 2014-04-19 17:24 | Report Abuse

Bear in mind, cost of production in China has gone up compare to indonesia and thailand! And quality of products, we know which countries are superior! Malaysia per cost conparison produce the best and highest quality in the world! Thailand per cost comparison produce the best cars! Indonesia is up and rising! China had reputation to copy cat products abusing copy rights so many multinational companies had relocate their based!

Posted by chyokh > 2014-04-19 17:43 | Report Abuse

Basic law of Economics - when supply exceeds demand, prices will fall. That basically sums up Iskandar. Nothing can change this law, even if you shout and shout and write in capital letters.

Posted by chyokh > 2014-04-19 18:14 | Report Abuse

Looking at Li Ka Shing expression above, you can almost hear him say "Oh No! not Iskandar again"

Posted by calvintaneng > 2014-04-19 18:34 | Report Abuse

Supply exceeds demand? Yes & No.

1) Yes for Condominiums but for not for landed properties. There will be a glut in Condos due to the current boom. However for landed houses

a) Keck Seng came out with 24x70 ft single story houses 2 years ago at RM283K per unit. There was a 6 day/6 night long queue outside KSeng Office in Taman Daya, Johor. On the day of sales all were snapped up within hours.

b) Same for Pelangi Indah's 24x86 ft single storey at RM300,800. All none-bumi lots Sold Out In One Day.

b) Demand exceeds supply is temporary. But Iskandar will have a doubling of population soon due to RURAL - URBAN MIGRATION FOR HIGH QUALITY JOBS.

People All Over The world Gravitate To High Quality Jobs With Good Pay.

a) RAPID of Pengerang's RM190 Billions Mammoth Projects Will Provide Employment for 70,000 jobs for Construction Workers. There will be a multiplying effects by creating more needs like food, shopping, services like hotels, laundry, hair dresser, car repair shops & others.
The total population will swell to 300,000 even to half a million.

Eventually,thousands of Oil & Gas Workers Will be based here permanently
Their pay structure is

i) RM4,000 for skilled workers
ii) RM7,000 for Middle Executives
3) RM20,000 for High End Managers

There is a great lack of proper housing in Pengerang & Tanjung Langsat now.

b) Legoland employs thousands, and Pinewood Studios also need tens of thousands of film actors, part time workers and downstream industries

c) Bandar Sri Alam needs housing for 20,000 to 30,000 professors, teachers and students with 15 universities and institution of higher learning.

d) ASCENDAS TECH PARK Will Employ 34,000 workers - all highly skilled

e) SILC Bio Park Will Also Employ thousands in Clean Tech Technology.

f) The migration of factories from Singapore to Iskandar create hundreds of thousands of jobs for years to come.

g) Also The Continual over crowding in Singapore will cause Population spill over into Iskandar. It will be even more attractive when Spore-JB MRT, Friendship Bridge & Bullet Train Is Ready.

h) A new name for Iskandar called "Greater Singapore" has been coined. Eventually Greater Singapore embraces a population of tens of Millions Like Any SUPER CITIES In The World.

i) Some day perhaps the Demand Will Exceed supply by a Very Big Margin here.

Posted by chyokh > 2014-04-19 19:22 | Report Abuse

How did Li Ka Shing missed all of these? Why is Asia's richest man not in Iskandar? Follow LKS and you will never go wrong.

Posted by fortunebullz > 2014-04-19 19:41 | Report Abuse

Many know and angry because I talk about the coming crash! But this is a reality especially during this markets highest! I read this HFT in thestar another red flag! http://www.thestar.com.my/Business/Business-News/2014/04/19/Wall-Street-market-rigged-HFT-cheetahs-only-take-13000ths-of-a-second-to-turn-a-profit/

Posted by calvintaneng > 2014-04-19 19:44 | Report Abuse

It amazes me you base your criteria on Iskandar to Li Ka Shing investing or not. Asia's Richest man has a net worth of over 30 billions.

Pengerang's RAPID alone is worth 190 Billions. What about people like Country Garden of China & 3 other Developers. Spore Remisier King Peter Lim with Johor Sultan? Then you have Robert Kuok who bought Puteri Habour.

And Ecoworld Tan Sri Liew who bought Focal Aims - Iskandar property.

What about PM Lee of Singapore With Its Vast Riches Held by Temasik Holdings

And Many Others Yet To Come. Li Ka Shing maybe? Who knows?

Posted by clavinteng > 2014-04-19 21:52 | Report Abuse

EVEN before the physical presence of the property developers from China can be seen in Johor Baru, the psychological impact the builders have on the industry as a whole in Malaysia is already being felt.

The fear of developers from China flooding the market with their large-scale development is real among property developers, not only in Johor Baru but also the country at large.

This is because all the big boys of the property sector have a presence in Johor Baru, or Bandar Iskandar. Without a project in the southern tip of the peninsula, a property developer is not considered to have “arrived”.

That is the clout that Johor Baru commands, thanks to the initiative of the federal government to make Iskandar Malaysia the thrust of its development of the southern economic corridor.





The might of the China developers was well displayed when Country Garden Holdings Ltd launched 9,000 apartment units in August, of which 6,000 were taken up within two months.

The Malaysian market is not used to developments of such a scale, for sure.

What now that the property market is already softening in Iskandar Malaysia?

The latest launch in Puteri Harbour by a Singapore-based developer saw a booking rate of only 25%, according to a report by a business weekly.

Puteri Harbour is about the most strategic of locations in Bandar Nusajaya, which is the hub of Iskandar Malaysia. It faces the Straits of Johor and is near the second link connecting Malaysia and Singapore.

Some 18 months ago, sales were brisk in Puteri Harbour, with prices transacting at around RM700 per square foot (psf).

The latest project launched by Pacific Star Development Pte Ltd is being marketed at between RM1,300 and RM1,600 psf. Property agents feel that the pricing is the reason for the poor take-up rate.

The view of most developers is that as long as the developing company has the ability to hold on to the property, it will be sold eventually. The critical factor is that the developer has to have deep pockets to weather periods of slowdown.

In this respect, there is a view that developers from China indeed have deep pockets and would be able to hold on to their projects and continue to develop them even if demand is poor.

Lastly, the developers from China are not dependent on buyers from Malaysia but from their country itself, where there is supposedly still strong demand from a select group of investors.

Put in a nutshell, the presence of developers from China is projected as not having any adverse impact on the local property market.

Is this really going to be the case?

Closer scrutiny, however, suggests that it may not really be the case after all for several reasons.

Firstly, there is a property slowdown in China impacting all developers there.

It is already being reflected in the share prices of the likes of Country Garden and Greenland Hong Kong Holdings Ltd, which have lost more than 40% of their market capitalisation in the last six months.

Property prices are stable in the tier-one cities and showing little weakness in tier-two cities. But in tier-three and tier-four cities, there is a massive oversupply of properties and prices are coming down.

Funding for developers with projects in the least-preferred cities has practically stopped, and authorities are looking at ways to ensure that new supply slows down and existing projects are completed.

The slowdown in the property sector in China has a spiralling effect on the economy as a whole.

In the past decade, the property sector has grown 10-fold in China and played a big role in keeping its economic growth vibrant. According to Moody’s Analytics, the construction of apartments accounts for some 23% of China’s economic growth.

Apart from keeping the industries growing, the proceeds from the sale of land is one of the major income earners for local authorities.

Now, new land sales are being transacted at lower prices compared to previous years.

This has allowed new developers to price their products cheaper, putting investors of older developments in a spot. House buyers are already complaining of new projects coming in at cheaper prices, causing an erosion in value of existing projects.

The developers from China are coming to this part of the world because of weak demand in their own country and to position themselves as being able to offer their customers properties overseas.

But Malaysia has imposed restrictions on foreigners buying properties that are only above RM1mil, meaning US$300,000 and above for buyers from China.

With prices in China falling and the yuan depreciating, would buyers from China be attracted to properties worth RM1mil and above in Johor Baru?

Wouldn’t the buyers be able to find bargains in China itself, given that the prices there are already falling in the less-preferred cities?

Finally, funding for developers from China for their overseas projects is also taking a beating.

Because it is difficult to take money out of China, develop

Posted by clavinteng > 2014-04-19 21:55 | Report Abuse

With prices in China falling and the yuan depreciating, would buyers from China be attracted to properties worth RM1mil and above in Johor Baru?

Wouldn’t the buyers be able to find bargains in China itself, given that the prices there are already falling in the less-preferred cities?

Finally, funding for developers from China for their overseas projects is also taking a beating.

Because it is difficult to take money out of China, developers use offshore companies to raise debt that are backed by the financial resources of the onshore company.

The arrangement is called the “keepwell” agreement, where the onshore company backs up the debt with a promise to inject liquidity or buy up the bad assets. The lenders to the offshore companies are foreign investors.

But increasingly, the foreigners are not lending to offshore companies or seeking higher rates for loans because of the fear of defaults.

History has shown that foreign developers tend to flock back to their homeground when there is a slowdown.

The Middle East developers came in a big way when Iskandar Malaysia was being promoted prior to 2008. They prided on having an abundance of oil money and being able to splash it around in Islandar Malaysia, come what may.

However, when the property bubble in the Middle East burst, they dropped everything in Iskandar Malaysia to consolidate their positions in their home country.

So, why wouldn’t the developers from China do the same?

Posted by clavinteng > 2014-04-19 21:58 | Report Abuse

If back in 2008, middle east developers for Iskandar Malaysia have gone kaput, don't you think china developers having property bubble back home will not?

Posted by clavinteng > 2014-04-19 22:02 | Report Abuse

Maybank IB Research had recently expressed concern about Iskandar Malaysia’s medium-term prospects, saying the massive incoming supply of residential and retail properties in hotspots like Danga Bay and Nusajaya could be harmful to asset values.

“Judging from the planned launches (serviced apartments, hotels, office and retail spaces) by Country Garden, Hao Yuan, Guangzhou R&F Properties Co Ltd, CapitaLand and Greenland Group, the hotspot areas, ie, Danga Bay and Tanjung Puteri, could be flooded with an enormous supply of high-rise mixed development projects, inducing price volatility,” it said in a client note last week.

“For instance, Guangzhou R&F plans to launch 15 blocks of 35-storey apartment buildings under phase 1 in the second half of this year, which implies an enormous 3,150 units of apartments, assuming six units per floor.

“That said, investor interest could return to developers with projects in Iskandar Malaysia on the finalisation of the Johor Baru-Singapore rapid transit system. Also, the listing of IWH in the second half could re-rate existing players in Iskandar Malaysia.”

PA International Property Consultants Sdn Bhd executive director V Sivadas told StarBiz that buyers were in “transition mode” due to changes in state policy and foreign ownership.

“People still have money, but they are being more careful about how they use it,” he said

Posted by clavinteng > 2014-04-19 22:11 | Report Abuse

China is at the point where problems are feeding on themselves. Pessimism about property, which accounts for about 15% of China’s gross domestic product, is beginning to affect the broader economy. Declining property values look scary, despite cheery statements from government officials who assure us the property bubble is “not big” or analysts who say that the problems are not “systemic.” But the Chinese don’t look like they are buying either of those views. “If this continues, it will have immense impact on the whole Chinese economy,” says an unidentified Hangzhou real estate salesman on Economic 30 Minutes. “Without question, everyone thinks there is a bubble

Posted by calvintaneng > 2014-04-19 22:48 |

Post removed.Why?

Posted by clavinteng > 2014-04-19 22:48 | Report Abuse

On March 21, protesters lined up in front of Phoenix Lake Gardens, a middle-class complex of 20-story apartment towers in northern Changzhou. They put up banners, trashed architectural models in the showroom and demanded refunds from the developer, Wharf (Holdings) Ltd. 0004.HK +0.99% Wharf had cut prices by as much as 20% after these protesters bought their apartments, making their purchases suddenly worth less.

David Wan, 25, said he had put $40,000 down on a two-bedroom apartment just a week before Wharf cut the price. "The salesperson told me that prices wouldn't fall," he said.

Another buyer said she and her husband sold their hometown residence 100 miles away and borrowed from relatives for a 40% down payment here, only to see the price for similar apartments later slashed.

The buyer, who would give only her surname, Xu, was especially angry that the developer brought in guards to block the protesters from the showroom. "We are their earliest home buyers, and this is how they treat us?" she said.

Wharf defends using the guards, who a spokesman said "wouldn't touch the customers unless they behaved unreasonably." The company said it cut prices to clear inventory, which it called "normal market behavior."

A few blocks away at another Wharf project, a police officer tried to explain to a demonstrator the new reality of housing in China.

"You bought a private home," the policeman told the irate protester. "Prices will go up or down. It's just like investing in the stock market

Posted by calvintaneng > 2014-04-19 22:52 | Report Abuse

One more thing, RM1 Millions threshold for foreign buyers do not apply in Medini. Here, you can buy even a RM250K condo without any restriction. And Govt is contemplating extending these exceptions to other nodes in Iskandar as well.

Posted by calvintaneng > 2014-04-19 23:10 | Report Abuse

Of course as I have already foretold ahead of time that China & Hong Kong Real Estate together with Singapore & Australia are facing downturns and Penang & KL also look toppish,

Only in Iskandar is the beginning of an upturn after 12 very long and very wearying years.

Like a pendulum swing to the left for 12 years downside Iskandar has just started the positive right swing of compensating 12 up trending years.

Only in its 4th year - A long way to go upward after others have crashed left and right! After all as my friend Samuel Tan of KGV Lambert International has lamented that China, Hong Kong, Singapore, Penang & KL recovered from the Asian Financial Crisis and Continued to Boom to The Total Dismay & Neglect of Iskandar FOR 12 VERY,VERY, VERY VERY LONG YEARS.

SO THE BOOM IN ISKANDAR WILL ALSO LAST FOR A VERY VERY VERY VERY LONG TIME ALSO.

All the Answers are Found in WWW.JDHOUSEFORSALE.COM

SO READ CAREFULLY