I'm more concerned about those who bought Freehold but now might be converted to lease hold.
I think over night the value will drop.
Banks might just come knocking on the door after the new valuation is setup.
Once the foreigners are nicely rounded up in their nice fences it's up to the Malaysian govt to nicely milk them for all they're worth.
Such a scary scenario. Hope it won't happen.
Why won't it happen?
If and when it suits them, all things are possible. Already demonstrated by their actions. Incoherent, inconsistent policies, by uncoordinated multiple parties with their own agendas. Only common denominator, is the one that is milked and the one that suffers.
It's not the matter of 'is it this' or 'is it that', but the fact that the policies can be changed at a whim, to suit the conditions. E.g. In the guise of protecting the Rakyat, lets remove/revoke foreign investor privileges that were promoted (as cornerstone policies?), and change the rules that will allow for more reoccurring income. Then, on the other hand, lets implement a more liberal stand for projects that benefit the few, and not the majority, F@rest City, ahem!. Look at the way they protect the livelihoods of the Rakyat fishermen/Asli/environment :*: -
With the oil prices at all time lows, commodity prices low, financial reserves low, political scene unstable, large outflows due to Greenback and/or loss of confidence. Now its not so easy to hide incompetence and mismanagement. Therefore must fill the coffers with whatever they can, wherever they can get it. Buyers/investors especially those from richer neighbour chosen as cattle to be rounded up, placed in cages and continuously milked.
After all 'they' can afford it. 'They' take advantage of the low RM; low cost of petrol and goods; congest our roads (complain VEP too cheap); 'they' adversely affect the living cost of Locals, etc, etc. Maybe 'they' can be another legitimate income stream, no doubt.
(Don't forget the unofficial taxation too, when calculating)
