WHEN A PERSON STAYING AT THE PRESENT HOUSE, EVERYTHING IS GOING YR WAY SMOOTHLY AND LUCKY ALWAYS, GOOD FENGSHUI DONT SHIFT OR SELL THE HOUSE BCOS IS A GOOD HOUSE FOR THE PERSON.

IF THINKING OF RENTING OR INVESTMENT WHEN BUYING A NEW HOUSE FORGET IT BCOS IT DOES NOT COVER YR HIGHLY HOUSE PRICE AND LOAN. RENTAL PRICE IS LOW.

Agreed

If china succefully strike a long term deal, price will up 15-20%. If they fail, expect a 50% surge in steel price like last year.

Bank Negara says may hike rates further

Malaysia’s central bank said it may increase interest rates further to avert asset bubbles and discourage risky investments by people seeking better returns, even as inflation will likely remain “modest” this year.

“We will review the conditions at our next monetary policy meeting and work towards further normalizing if necessary,” Governor Zeti Akhtar Aziz said in a March 12 Bloomberg Television interview in Kuala Lumpur. “Inflation will continue to be modest and therefore it would not prompt us towards tightening, but that does not preclude that we will continue to normalize interest rates.”

Malaysia raised its benchmark interest rate to 2.25 per cent this month, becoming the second Asian nation to increase borrowing costs as the region leads a recovery from the global slump. The central bank wants to prevent “financial imbalances” that could undermine the economy’s recovery from last year’s recession, Zeti said.

“There is no compelling evidence of asset bubbles in Malaysia based on current indicators,” Suhaimi Ilias, chief economist at Maybank Investment Bank Bhd. in Kuala Lumpur, said before the interview. Still “the risk is there if the interest rate is kept very low for an extended period as money searches for returns to beat inflation that is creeping up.”
China has started draining excess cash from the economy to prevent asset bubbles. Australia and Vietnam have raised borrowing costs as inflation accelerates, and the Philippine central bank last week pared back a lending program for banks.

http://www.btimes.com.my/articles/20100315084514/Article/

what next 6.0 or back to 6.5 again?

at least 7 percent BLR

First go learn and understand properties. Then quickly buy.

Once you know what to look for in a property, minor issues like price drop, interest increease etc all will not matter anymore

i think he wants to wait for market correction.

Well said Bro.

As long as the banks are willing to lend, its a good time to buy property =)

if he/she know what to look for than dont need to wait until correction to snap a bargain

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Added on March 17, 2010, 12:30 amactually this is a good point. All this price drop n rate increase issues is just minor compared to IF banks stop lending.

This post has been edited by Pai: Mar 17 2010, 12:30 AM

interest ald up now.anyway, buy hse is few decades commitment

BROOOO PLZ STOP REVIVING POST FROM DINOSAUR AGE !!!!

Buy if you need a house and could afford installment @ 6-7% interest rate within next 5 years. However, we are currently heading into inflationary period, cost and interest rate will go up. Expect more lelong properties coming up in next 1-2 years - there are currently many buyers who bought in because loan is cheap and no deposits needed. Furthermore, supply far exceeded demand in price range >$500K. Unlike Singapore, with at least 20% foreign workforce on S pass and Employment Pass, rental market here is not very vibrant.

This post has been edited by remora: Feb 3 2023, 08:40 AM

It's still a good topic to discuss

everyone said interest will keep going up.

Actually Malaysia's OPR before covid is 3.0%, currently already 2.75%, the uprising margin may not be high.

Unlike US they lower the intrest too much, so now have to raise aggresively.