Property counters... so what now?

Well, with all the hoo haa about reducing the property loan to value ratio and requiring higher amount of downpayment for property buyer, RGPT, etc... you name it... that's before the Malaysia 2011 budget...

After the budget...
- 100% loan for those with household income of <=RM3000.
- 50% discount on the stamp duty on loan agreements for residential property less than RM350k.

Gee, the opposite of all the rumour and all unnecessary discussion, comments and concerns put up are totally uncalled for... why such a mismatch in expectation.... not like we're talking about NYSE here but KLCI, come on....

well, personally I find it funny when i heard about the plan to build a RM5bil tower... for what? I thought we still have lots of vacant space in petronas twin towers? Anyway, I think overall the budget is "friendly" towards property sector since there is no downside to stop the momentum of the property sales as well as to cap the value of these properties.

L&G, IJMLAND, E&O and Mah Sing are top picks for me.