Implementation Of A Maximum LTV of 70%, for 3rd properties and beyond only...
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 Aug 4 2011, 10:00 PM
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Junior Member
259 posts Joined: Oct 2010 
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Pretty much agrees that crisis will hit globally in the next one or two years time... indeed now is a good time to realize profit & keep the bullets to parang... give local market another 6 months to hit the peak & we should see corrections in 2012... Would like to see a major one & then we shall be able to pick our dream property by then... Hahaha just my 2 cents!
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Aug 4 2011, 10:30 PM
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Senior Member
2,113 posts Joined: Dec 2008 
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QUOTE(jet2020 @ Jul 22 2011, 12:23 PM) 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 ..... Valuable tip valuable tip 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......   Gotta keep a level-headed perspective in the current infectious market.. |
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Aug 5 2011, 12:57 AM
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Senior Member
3,318 posts Joined: Dec 2004 From: 1Malaysia 
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QUOTE(airline @ Jul 24 2011, 05:10 AM) U got bullet ready to parang already? Haha I dont need bullets to parang?  |
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Aug 8 2011, 12:43 PM
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Junior Member
259 posts Joined: Oct 2010
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QUOTE(wonghs @ Aug 4 2011, 10:00 PM) Pretty much agrees that crisis will hit globally in the next one or two years time... indeed now is a good time to realize profit & keep the bullets to parang... give local market another 6 months to hit the peak & we should see corrections in 2012... Would like to see a major one & then we shall be able to pick our dream property by then... Hahaha just my 2 cents! Hmmm... crisis came so soon, one day after my predictions, not enough time for me to realize gain... if the share market keeps plunging & more bad news from US & Europe, property market here will be affected soon, normally lagging behind 6 to 12 months... |
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Aug 8 2011, 12:44 PM
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Senior Member
883 posts Joined: Aug 2008 
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Good.
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Jan 3 2012, 05:22 PM
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Senior Member
830 posts Joined: Jul 2009
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Im wondering if let say I want to buy an auction property which happens to be my 3rd property. If let say the value of the house is 200K and the auction price is 140K, which is 70% of the value, will I be able to get 140K loan for the house? Appreciate if anybody can share their experience out there. TQ.
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Jan 3 2012, 05:49 PM
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Senior Member
2,856 posts Joined: Jan 2010
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QUOTE(jepakazoid_82 @ Jan 3 2012, 05:22 PM) Im wondering if let say I want to buy an auction property which happens to be my 3rd property. If let say the value of the house is 200K and the auction price is 140K, which is 70% of the value, will I be able to get 140K loan for the house? Appreciate if anybody can share their experience out there. TQ. Cannot |
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Jan 3 2012, 05:52 PM
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Senior Member
983 posts Joined: Jul 2008
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QUOTE(jepakazoid_82 @ Jan 3 2012, 05:22 PM) Im wondering if let say I want to buy an auction property which happens to be my 3rd property. If let say the value of the house is 200K and the auction price is 140K, which is 70% of the value, will I be able to get 140K loan for the house? Appreciate if anybody can share their experience out there. TQ. Loan is based on the final auction price. If you won it on 140k, they will loan you 70% of 140k. 30% will still need to fork out for downpayment.Not 70% of the market value. |
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Jan 3 2012, 05:52 PM
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Senior Member
830 posts Joined: Jul 2009
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QUOTE(zuiko407 @ Jan 3 2012, 05:49 PM) Cannot Hmmm then I can only get 70% of the auction price?Added on January 3, 2012, 5:53 pm QUOTE(WannaGetBuffed @ Jan 3 2012, 05:52 PM) Loan is based on the final auction price. If you won it on 140k, they will loan you 70% of 140k. 30% will still need to fork out for downpayment. Ah.. thank you for the clarification... damm you Bank Negara!!! Now I have to sell Nasi Lemak...Not 70% of the market value. This post has been edited by jepakazoid_82: Jan 3 2012, 05:53 PM |
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Jan 3 2012, 06:00 PM
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Senior Member
4,177 posts Joined: Jan 2003
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QUOTE(jepakazoid_82 @ Jan 3 2012, 05:52 PM) Hmmm then I can only get 70% of the auction price? not bad wat... sell nasi lemak oredi own 2 propertIESAdded on January 3, 2012, 5:53 pm Ah.. thank you for the clarification... damm you Bank Negara!!! Now I have to sell Nasi Lemak... |
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Jan 4 2012, 12:04 AM
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Senior Member
4,230 posts Joined: Jan 2009
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I don't see the market correction after this 70% policy is implemented more than a year ago ..
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Jan 4 2012, 10:10 AM
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Senior Member
1,946 posts Joined: Aug 2009
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malaysia still have many cash rich people...$ earned legal or illegal we dun know.. some people even keep few hundred thousands or millions CASH at home.
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Jan 4 2012, 10:46 AM
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Senior Member
2,292 posts Joined: Jan 2003
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QUOTE(1282009 @ Jan 4 2012, 12:04 AM) I don't see the market correction after this 70% policy is implemented more than a year ago .. The 70% LTV while did not bring prices down has cooled the market and slowed down price increase. The price increase this past 3 years has been too fast. Without LTV, there would be more speculators buying every new launch. |
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Jan 4 2012, 11:25 AM
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Senior Member
1,068 posts Joined: Jan 2007
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Hey, you guys whom post here since yesterday.
The new ruling is out and 70% ltv is from last year. |
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Jan 4 2012, 01:00 PM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia
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create new thread lo..
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Jan 4 2012, 01:02 PM
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Senior Member
2,142 posts Joined: Mar 2011
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QUOTE(mingyew @ Jan 3 2012, 06:00 PM) not bad wat... sell nasi lemak oredi own 2 propertIES What 'Nasi lemak' this guy selling ya??  |
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Jul 10 2013, 01:40 AM
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Junior Member
12 posts Joined: Jun 2013
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Is this only applicable for residential only? I heard from bankers, if commercial property not consider for the numbers of properties for the LTV right? Is that true?
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Jul 15 2013, 09:14 AM
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Senior Member
986 posts Joined: Jul 2006 From: Naboo
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QUOTE(W.H.Y @ Jul 10 2013, 01:40 AM) Is this only applicable for residential only? I heard from bankers, if commercial property not consider for the numbers of properties for the LTV right? Is that true? yup, that's right. |
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Jul 15 2013, 06:05 PM
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Junior Member
12 posts Joined: Jun 2013
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QUOTE(babana @ Jul 15 2013, 09:14 AM) yup, that's right. Thanks babana!! |
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Oct 1 2013, 08:17 PM
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Junior Member
208 posts Joined: Aug 2013
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QUOTE(my_username @ Jul 24 2011, 12:37 AM) IF ... this is true ..its going to be very interesting Fast forward it to 2013. I just bought a 900sqft for 460k. O.O personally , i would love to see DEVELOPERS/AGENTS/BANKS suffer. Taking out a 900 sqft apartment , and slapping a 300k price tag and calling it affordable ( with DIBS!! ). Double story properties, nothing less than 500k ... my arse lah. |
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