did the govt ever mentioned how much the interest rate is for the 100% loan given out to those below 35? ive been AWOL from here 2mths d, still catching up on old threads.... u guys managed to add 70pages in 2mths!

actually what type of prop they built? flat, apartment, condo or landed prop with those RM220K.

It's the Malaysian version of HDB flat?

supposingly RM220k can but a 18x60 simple landed prop.. if they claim dun want to make $$ from the prop...

see how?

Just to share some experience v Sg HDB flats.

I used to stay in 4 types of HDBs before, from 2-star (2 bdrm) to 4-star (3+1 bdrm). Talking abt Sg HDBs, it is world most successful housing concept built by a gomen for the people. If My can emulate half of tat considered remarkable achievement.

1. Cleanliness. Every month they wash the corridor/staircase v high pressure water jet.

2. Cheap. Monthly maintenance fee to town council like <S$60 a 3 bdrm flat incl rubbish disposal, lift maintenance, cleaning/repair etc.

3. Well maintained. 6 yrs never experience lifts failure, got caught, walked up the stairs etc.

4. Well controlled pricing. Many restrictions. Only married couple, single above 35 etc. If rent out have to lock out 1 room etc. Yearly appreciation pending on area but averagely on par slight above bank interest rate. When price increase, gomen build more new ones so overall price diluted. Good for new home owners, not really good for investment. Certainly very hard for speculation. Restriction, rule and regulation also causing many Sporeans upon graduation, went registered for marriage not for love but for hdb then tak jadi sold off hdb and split ...
(In My, you get council officers, exco member driving BM & MB sapu all low cost medium cost flats, rakyat kaki dalam mulut )

5. CFP (EPF) can withdraw every mth to finance hdb. Fixed amount must be maintained as medical and retiring fund.

6. We only paid like <S$1000 per mth for 30yrs, mostly utilizing EPF money, hardly folk out cash. Cash amount payable per mth less than monthly rental. Even down payment if not mistaken using EPF. Too bad, I not married tat time couldnt keep so false to sell when sibling upgrade. In front of Tampines shopping malls/MRT, S$270k 'only', tat was nearly 10 yrs ago. Now heard still less than S$400k... like S$370k, another one can confirm?

7. You can borrow money from gomen with very low interest, sometimes lower than banks. You see how successful money spinning within the Sg gomen?
CPF(gomen) --> HDB(gomen) --> Bank(gomen) --> You --> CPF(gomen).
In MY, You --> Gomen --> Cronies --> Gone

8. Bomb shelter store room. If kena attack, many reserves with M16/sub-machine gun, snipers with high power super guns will be playing hide and seek from the store rooms, coming out shooting from nowhere.

9. ... blah-blah tons of good stories. In fact no need to stay in condo cause condition similar to MY condo except no swimming pool.

Don't talke abt MY gomen housing lah. For private apartments even the carparks they also cannot plan but housing ministry can approve wor, park at road side everyday kena saman day/nite, break in/stolen blah blah. 2 types of thieves here, one legal, one illegal. How can tahan such idiots? MY residents still the best can tahen for 53 yrs. You ask for it, you da best

This post has been edited by Bobby C: Jun 24 2011, 05:29 PM

LOL.. i like this point

This post has been edited by CKHong: Jun 24 2011, 02:05 PM

Why the weak demand for luxury units in KL

By Pete WongJun 13, 2011

http://www.homeguru.com.my/blog/tag/why-th...ury-units-in-kl

Flipping through the local newspapers, you would notice that very few luxury residential units are being launched these days. Some developers, sensing weak demand from local investors, are bringing their properties to market in Singapore and other countries, usually at a slight premium. Some are even offering a guaranteed rental return on investments. The demand for luxury residential properties in Kuala Lumpur is waning for several reasons.

Investors who dived in during the heydays in 2008 are still licking their wounds. During the last global downturn, most luxury property units fell in value and many are still recovering from their losses. Supply has exceeded demand for the moment.

A lot of developers are arguing that, compared to Singapore and Hong Kong, KL property prices are a bargain. But KL is not Singapore or Hong Kong. Those cities are financial powerhouses with limited land banks. As the economy grows, more top-level executives will be sent out to these cities to oversee foreign investments hence spurring demand. KL is not a financial powerhouse. The foreigners who come here are mostly mid-level executives or retirees under the "Malaysia My Second Home" scheme, with a limited budget for housing. An allowance exceeding RM10,000 for housing is usually reserved for the CEOs. And those folks are few and far between.

To spur demand for luxury units among local investors, developers would have to do some serious thinking. With the EPF (Employees' Provident Fund) giving a dividend of 5.8 percent currently, any investment offering less than six percent returns, is considered a poor choice.

With the current economic climate, it is increasingly difficult to get a rental return of six percent or RM5,000 a month from a RM1 mil property. Taking into account bank interests, legal fees and taxes, you would be better off leaving your money in EPF, if you are local. Also, in KL, a RM5,000 budget can easily get you a double-storey house in a gated community with lots of space.

Of course, bankers, developers and property "experts" will not tell you the downside. It is not in their interest to do so. As far as developers are concerned, "prices can only go up and never come down - so buy now while you can." Or so they wish. If you are still undaunted and want to move into the luxury sector, do your sums carefully. The good news is, with the current weak market, you can actually eye that luxury unit which you previously thought you couldn't afford.

I rather go buy land in Indonesia then going for KL stupid million ringgit high rise

Boleh juga, Thailand, Brunei, Vietnam, Philippines etc plenty of choices

What bbb?? Check out the new launches by Naza TTDI Alam Impian. THe DSL 22x80 is selling for RM750K

u buy or not? buy to sell at 900k?

No, just to inform member here. Don't suck, action now or nothing. Heard that foreigners are buying at TTDI AI

What is the attraction at Alan impian?

IMHO, TTDI Alam Impian is the next USJ Heights, premium G&G landed freehold with relatively lower price as it is only in its 4th phase ...

This post has been edited by y2kfirewalker: Jun 25 2011, 12:12 PM

Thanks for the info I will check it out

Demands come from the tenants who can not buy a place to stay or to operate their business. Since BNM control the credit facility and the property is way beyond common aforbility, more and more people will need to rent....

Moreover, more and more young man pouring to KL or PJ to get a better paid jobs, where are their staying? They need to rent before they can affold years after... It is said that renting is cheaper than buying.

agree. it shows something is wrong here, renting is supposed to be more expensive than buying.
it's either renting cost too low, or buying cost too high

When the market is overheated, there will be lots of symptoms that we could see and accordingly we could make prediction.

For those interested in this topic, please read:-

Crisis Economics by Nouriel Roubini and Stephen Mihm

Not true

very good articles written in 2005 accurately predicting the US housing crash.

Don't get caught in the housing bubble crash (part one)
http://www.naturalnews.com/016209.html

Warning signs of the housing bubble crash (part two)
http://www.naturalnews.com/016241.html