Less speculation leads to drop in house prices


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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Government , speculators , curb , property , market

Next In Nation

Online gambling syndicate for foreigners busted in KL
Two men detained over fatal shooting in Nibong Tebal
MH370 search records 7,236 sq km with no significant findings so far
Judiciary sets up dedicated High Court for corruption cases
Thai police seeking Malaysia’s cooperation in hunt for suspected drug dealer
Boy dies choking on rambutan seed
Female cop and brother remanded over alleged RM30,000 bribery
IJM Corporation denies scrutiny from UK fraud office
Early voter turnout of 93% for Kinabatangan, Lamag by-elections, says EC
Defence Ministry announces four senior Armed Forces appointments

Others Also Read