But that is assuming the ultra rich are good nice people...who would not sell even if there is a property crash...if there are many of these good nice rich people...the world would be much safer place to live in....less volatility

more often than not...they are the actual market movers....even when they enter the market..they already have an exit plan...they came in big...they will come out big....leaving all the small fishes to fry....

these are the speculators that caused havoc during financial crisis 1998....they came in stock market as well as the currency....push up the prices so high....when the small investors are attracted and buy high...thats the time they leave the market...

It is these ultra rich speculators that are entering markets and causing all the havoc...only they would have the funds to do it...some even say its a syndicate...who ever they are ....they are undetectable...u can only see the market movements to know their presence....

These are the people our ex PM was talking about the rogue speculators...of course the the West countered saying Malaysia suffered in the financial crisis 1998 due to cronyism, nepotism, mismanagement,etc,etc....because the West said it...we must believe what they say..Soros even said Tun Mahathir is menace to his country....since they know more about economics than Asians....so the good guys are the speculators because they help discipline the government...the bad guys are the government...when actual fact it is the speculators which is causing the bubble burst...

their trademark would be before the storm happens...prices of the target market would be increasing abnormal....I don't know if they have entered the property market...but prices are abnormally high...

1 question...how does this move help 1 time house buyers if the price dun decrease?

investors probably work overtime, take a 2nd job,drive a piece of junk, using nokia 3210 to save money in order to improve their future. Think of that before categorizing those hardworking ppl affected by this move as GREEDY/PADAN MUKA/etc.

i'm buying a sub-sale.
price 170K
loan = 70% (since i already have 2 properties in hand (no, i'm not investor, my parent use my name to buy houses, now i can't buy house on my own due to 70% cap)
30% down payment = ~RM50K
70% loan = ~RM120K

since this is a sub-sale, meaning this is the agreement between me and the house owner. i mean my relationship with the house owner is quite good.

could it be possible that in our S&P, we say that the house value is higher (let say RM200K). and this time, when i go to the bank, they will still for sure provide me 70% loan, which mean they approve the loan for RM140K (that solve the issue of loan).

questions that i dun get it from this way. hope everyone can help me to solve this:

- is this way acceptable?
- is it a must that the lawyer receive the 30% down payment and confirm it? any workaround on this?
- the valuer will value the house lower than the S&P value (does this have any impact to me?)
- will the house owner one day came back and bite me on this? (let say the house owner suddenly become greedy)

- is this way acceptable?
Yes bro, acceptable. Same apply to previous transacted typical mark up price.
- is it a must that the lawyer receive the 30% down payment and confirm it? any workaround on this?
The 30% down payment is upon signing of the S&P. If your relationship with the seller is good, then you may work out from there.
- the valuer will value the house lower than the S&P value (does this have any impact to me?)
Try to apply for pre-approved loan application. From there you might know roughly recent value of the unit.
- will the house owner one day came back and bite me on this? (let say the house owner suddenly become greedy)
Legally after all the signing and complete MOT, he has no right lor. Except for the S&P legal fee, he might want you to bear the extra cost for the mark up price.

further questions:
- the lawyer must see the 30% downpayment with his/her own eyes? i mean he/she need to see me passing the cheque/cash of RM50K to the owner?
- i'm sorry but i don't really get it for this 2 items:
    - same apply to previous transacted typical mark up price
    - try to apply for pre-approved loan application. (the recent value of the unit should be around 160-179K if not mistaken. but whether the owner plan to sell me at    "higher" price or not, it has nothing to do with the valuer right?)

- legal fee is on me. i thought normally the buyer bear the entire legal fee?

- the lawyer must see the 30% downpayment with his/her own eyes? i mean he/she need to see me passing the cheque/cash of RM50K to the owner?
not really, if you have a very very very very good relationship with the owner, he still can acknowledge that you have already hand him the 30% by signing the S&P stating that you are. There are lot of way to do that, just discuss further on the strategy with the seller and your lawyer.

i'm sorry but i don't really get it for this 2 items:
- same apply to previous transacted typical mark up price
i mean; previous 10% down payment also like this. mark up the price to cover the 10%. there is an event where the seller is willing to wait for the buyer to withdraw the EPF first.
- try to apply for pre-approved loan application. (the recent value of the unit should be around 160-179K if not mistaken. but whether the owner plan to sell me at "higher" price or not, it has nothing to do with the valuer right?)
it got nothing to do with the seller asking price. it is just, is there any bank willing to finance you for that amount?
- legal fee is on me. i thought normally the buyer bear the entire legal fee?
i mean the legal fee on the seller side.

big thanks! my next step is talk to the owner and lawyer on this.
for EPF side, i won't be able to withdraw EPF anymore since it's 3rd property. EPF only allow for first and second house.

thanks again.
i'll post it here again if i have any questions.

no problem bro. enjoy your third property. waa so kaya one   i just can cherish the moment to see kaya people happy oni

long story bro. summary is that my parent used up my name to buy first and second property last time.
first property, i'm well aware that i'm the loan borrower
second property, my parent told me that i'm just guarantor, and later i found out that i'm joint borrower. what a bummer of me.

oo, ok bro. sorry if i did offense you btw, you are good son, i respect your effort to help your parent

Has this policy been implemented already? I wanted to buy a 700K double-storey, but 30% downpayment i.e. 210K is just too much for me lah...

long story bro. summary is that my parent used up my name to buy first and second property last time.
first property, i'm well aware that i'm the loan borrower
second property, my parent told me that i'm just guarantor, and later i found out that i'm joint borrower. what a bummer of me.

Guys, I would like to ask one question regarding this 70% LTV issue. If let's say A and B currently owns two properties (Property 1 and 2). By owning I mean both their names appear in both the house title. However, only Property 2 has both of them as borrowers whereas Property 1's loan is solely handled by A.

For the example above, can B still buy another property (let's call it Property 3) and just pay 10% downpayment? Thanks in advance for any advice

Guys, I would like to ask one question regarding this 70% LTV issue. If let's say A and B currently owns two properties (Property 1 and 2). By owning I mean both their names appear in both the house title. However, only Property 2 has both of them as borrowers whereas Property 1's loan is solely handled by A.

For the example above, can B still buy another property (let's call it Property 3) and just pay 10% downpayment? Thanks in advance for any advice

A - Loan for Property 1 = First housing loan (90%)
A - Joint loan for Property 2 = Second housing loan (90%)

B - Joint loan for Property 2 = First housing loan (90%)

Based on above (hope my understanding of your statement is correct), B can still get a 90% loan from the bank for Property 3

tough time ahead very soon in MY.....just received latest insider info that 1 major foreign bank decided to cutback property loan to only 60%-70% financing regardless of commercial, residential, etc. This also applicable to 1st property owner unless falls under RM220k residential prop. Heard other local banks are likely to follow suit .....

Seems the bank has identified some big risk is coming very soon in the horizon......

those still gangho to BBB, better check with your banker first before making any commitment......

hmm initially thought market would retreat n soften by now............well no such thing as of today.................

well I certainly shouldnt be complaining though..........