Political impact on KLSE marketRead latest article here
Some years ago, I have seriously consider investing in Malaysia properties as part of my retirement plan and/or weekend get away. I am glad I did not commit as I discovered I had not study enough the market. I thanks my procrastination in this instance else I would be suffering huge losses.
Read article here. and here
Please do not let the 50% discount overwhelm you and start rushing to go buy the properties. With slower Covid-19 recovery and the new Political Party yet to settle down, it is best to wait and see (IF you really want to buy)
Remember, many of these condominiums and landed properties were built for foreigners like the Singaporeans and Chinese. They too have suffered especially those who have no holding power and horrified to see the value going south by the day.
However, I think the stock market may have a temporary rebound in view of the new appointment of the new PM. The FED has said they are prepared to taper and this will affect the global stock market (as you can see today all markets are in the red !)
From chart , we can see that price action remains bearish as it has yet to breakout from the main trend line. However, short term traders may want to seize this opportunity to ride the political wave to make some money!
