The 2020 Budget includes a few measures to boost the property sector, such as: •Lowering of the threshold of high-rise property prices in urban areas from RM1 million to RM600,000 for foreign buyers •Shifting the real property gain tax base year from 2000 to 2013 •A new Rent-to-own scheme for first-time homebuyers •Extension of BSN's Youth Housing Scheme
Hopefully these measures will put a floor on the property prices and even boost activity in that sector, which has good multiplier effect for the rest of the economy.
Looking at the chart below, we can see that Property Index (at 770) is fast approaching the support at the horizontal line at 750.
After a drop of nearly 50% from the peak at 1500, property stocks are fairly attractive.
Tambun is ok I got keep some. Tambun Glomac Mahsing Ksl . Actually after I sold all my oil counter and also sold most of my construction counters I start slow slow sapu property and bank counters. Bank I got mbsb Affin Ambank cimb alliance Property like above And also Insas and OSK and TA and Ksl is very undervalued Insas OSK Ta ksl I cannot see why they cannot up
Anyone can enlighten me what so good about Tambun? Planning some properties investment for longer term, buy actual house or share better, i think buy share more easy right :)
Beware of the fake price surge...there is still a massive property overhang worth at least RM20B...it will take years to clear these overhang and will present a tremendous challenge to developers trying to sell their properties.
Also, the protestors are coming out in droves in the US and this will present the seeds for a surge in Covid19. Another great lockdown in US maybe in the works now.
I am trying to say is that Tambun is a good counter but there is a potential that price may drop and present a better to value to buy in then compared to now...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
L2earn
349 posts
Posted by L2earn > 2019-05-08 00:26 | Report Abuse
good eh!