Comments on: Effects of Ringgit De-Peg on Property Market

by: Robin

Mon, 01 Aug 2005 01:29:09 +0100

Thanks for your reply. After deliberating for a few weeks, I finally decide to book at the very last minute. The developer told me this is soft launch price. There will be another $8K increase during official launch and I hope they keep to their word.

by: Administrator

Sun, 31 Jul 2005 05:38:10 +0100

SP Setia has a good track record for these kind of luxury homes. If you like the design of the unit in Phase 1, go for it. If they are already increasing the prices now, then Phase will most likely be MORE expensive, since the response was good.

But if the price increase not justified, then you may want to look elsewhere.

it all depends on how much you want the unit, and what’s the max you’re willing to pay for it.

by: Robin

Sat, 30 Jul 2005 19:42:34 +0100

I am in a dillemma now on whether to buy a newly launch Setia Tropika now or delay till phase 2? The corner lot I m interested in are rising twice before official launch and I am not happy about this.

by: Administrator

Wed, 27 Jul 2005 12:20:20 +0100

btw, earth, i’ve edited the text to make it clearer.

by: Administrator

Wed, 27 Jul 2005 12:17:45 +0100

you are right. if the ringgit increases against the exporting country’s currency, the price of materials will decrease. I should have emphasize the fact, thanks for pointing it out.

the important thing is that with the ringgit de-pegged, it can go higher or lower more drastically, meaning prices can go up or down.

by: __earth

Wed, 27 Jul 2005 09:37:25 +0100

I don’t get it.

For number 2, given that MYR is appreciating and assuming capital coming in due to various reason, ceteris paribus, shouldn’t stronger MYR reduce the cost of imported material and hence, reduce the cost of construction and in effect, lower prop price?

MYR is getting stronger, overall.