yes, plus its easy to say "use family member name maa.." but then, if u use their name, so later on they cant use their names to get the 90% right?

i think this is a good move, help d genuine buyer and push the speculator and joy bidder away.

use close family members only lar. parents bro sis. and if you have trust should be ok.

robertngo, i think u misunderstood me. or perhaps i misinterpret wht u trying to say.

anyway, im saying that its not an easy task for ppl who think they can just simply use their siblings name to purchase a property. alot of problem will arise later on. Like i sed, if ur dad use ur name, then later when u graduate and want to buy your own house, u will not get the 90% loan becoz ur dad applied earlier using ur name. thats what im trying to say bro.

Looks like the statement issued by BNM is still a bit unclear. need to wait and see the implementation from the banks before we can conclude the impact on property prices.

from my interpretation of the statement it seems that if a buyer previously apply for loan to buy two property(say 10 years ago??), and later on sell it off due to personal financial circumstances. he is now currently not able to have another 90% loan to buy a new "third" home. Sounds a bit unfair to me. What do you guys think??

Just imagine if u were like that young fler who owns 2 sub 200k props now & is trying to buy himself a 400k landed prop. He would have to dig into his pocket for 120k as d/p, wouldn't this be unnecessary hardship with the 70pc LTV??

i also wonder why ppl keep on saying that.
maybe their siblings or children or relatives are all qualify to loan and willing to borrow thier names for them to loan?
very curious...