Implementation Of A Maximum LTV of 70%, for 3rd properties and beyond only...
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 Nov 4 2010, 10:48 AM
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#1
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Junior Member
128 posts Joined: Oct 2006 From: Kuala Lumpur  
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Still need clarify whether this 3rd means 3rd property or 3rd financial loan on hand. If is the latter, will it affect sub sale market as owners force to sell cheap and fast to free up for buying new developments?
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Nov 4 2010, 11:06 AM
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#2
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Junior Member
128 posts Joined: Oct 2006 From: Kuala Lumpur
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"Bank Negara Malaysia wishes to announce with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower. Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policie"
house financing facility means is loan, not 3rd property right? source: http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2159 |
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Nov 4 2010, 11:47 AM
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#3
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Junior Member
128 posts Joined: Oct 2006 From: Kuala Lumpur
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i think is a good move by the government, how bout others opinion?
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Nov 4 2010, 12:02 PM
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#4
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Junior Member
128 posts Joined: Oct 2006 From: Kuala Lumpur
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like some of people already mention, i don't think those young exec with already existing 2 property is deeply affected. They still can sell off one of their 2 existing property to get another higher value property with 90% loan.
Those that affected badly is those that bought in large amount at one time. they need 3X more budget to resume their normal activity This post has been edited by kyle9: Nov 4 2010, 12:02 PM |
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Nov 4 2010, 12:05 PM
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#5
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Junior Member
128 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(kochin @ Nov 4 2010, 12:04 PM) i wonder those who sapu empire city but loan not approve yet how ah? chance for those new buyer to get those new dev that been told SOLD OUT   |
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Nov 4 2010, 12:33 PM
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#6
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Junior Member
128 posts Joined: Oct 2006 From: Kuala Lumpur
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QUOTE(babyekc @ Nov 4 2010, 12:23 PM) Totally agree. That's exactly the main objective from the government. It's not that when you dont have the money, and just because you want to buy it, you can buy it. You must have the money, in this case, 30% d/p. And bear in mind, this is only for 3rd property onwards, not 1st property. I sincerely thinks that this is a very good move from the government. Let me assume something, let say before this implementation from the government, the LTV is 100%, and the government only adjusted the LTV to 90%, these ppl still going to whine. Because they edi have this mindset - even i don't have the money, i can own 10 houses, now i gonna fork out the 10% d/p, where do i find the money? How can government do this? If the government protect the 1st house buyer, how can i be rich? double that, but there is still a lot of complain from people (DOOMSDAY topic in myrealestate forum)what do u think which is more needed help? Buyer who are looking for 1st 2nd time property or those who wanted a 3rd property? |
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