Less speculation leads to drop in house prices


  • Nation
  • Saturday, 07 Mar 2015

Good move: Chua (second from left) talking to participants after the launch of the convention in Kuala Lumpur.

KUALA LUMPUR: House prices have dropped after measures were put in place to check rising property prices due to speculation, says Datuk Chua Tee Yong.

The Deputy Finance Minister said data from the National Property Information Centre (NAPIC) showed that there was a drop in house prices with the market slowing down from 12.2% in the third quarter of 2013 to 4.6% in the same period last year.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Government , speculators , curb , property , market

   

Next In Nation

Long-serving Works Ministry deputy sec-gen Zahrul draws praise from Dr Wee
Missing Malaysian says she is safe and healthy but many doubt authencity of videos
Anwar to use Sarawak's 'Segulai Sejalai' catchphrase nationwide
Focus on rebuilding Umno, Tok Mat tells party wings
Unity govt a 'crucial experiment' for BN, Umno, says Tok Mat
Singaporean comedian draws flak with MH370 joke
Complaints against enforcement personnel easier with new online system
I never sought constitutional amendment for 'return' of Penang to Kedah, claims Sanusi
Cops raid online scam call centre in Kajang, 16 nabbed
Bernas increases rice imports by 150,000 tonnes to prevent supply disruption

Others Also Read