Those who proposed for the banks to provide 2nd generation loans will never take the loans. Most probably they are all rich people that buy properties with cash

This proposal is going to widened the gap between the poors and the rich.

just think about this: who will need a 2nd generation loan? the poors.

I can't help but to think that for a 2nd generation loan with tenure of say 70 years (forget about the house' condition 70 years later) just after 40 years is the house/condo that still need 30 years to pay off livable??? The poor kid willl probably be inherited with a non livable house and debt of 30 years.

This is a non deniable fact, we will need refurbish the house when it gets old. By then what happen? take another 2nd generation loan to refurbish the house and pass on the debt to the CUCU?.

I hope the government can be more considerate about the poors when come to formulating policies (don't think from their own perspective only), the poors may not be so well educated to understand the consequences of this so called 2nd generation loan. The government should be the one who protect the poors' right and so NO to any banks that wanna profit from this business.

indeed sad, difficult to own a home nowadays.

If there is a 2nd gen, what's to stop there being a 3rd gen loan? when will it stop?

Our money is going to turn into monopoly money. You sell the house for 2 generation worth of money, and buy another for 3 generations worth. You then sell it for 4 generations, and buy another for 5 generations. Lol... seems like the number of zeros will become worthless.

This is more a new generation mindset. No offence, and not mean it is same across, just this kind of mindset is quite norm nowadays.
As long as installment payment is low, I can afford. Never care the interest charge nor long term perspective.
Only concern now, want to own now.
Just like car loan, more and more people choose 7 years loan instead less than 5 years.
All because of what? lower monthly payment.

If gov really care about house owner, please introduce RPGT.
RPGT is more effective to reduce speculation on properties, eventually properties price won't escalating like no tomorrow.

Introduce longer loan tenure or 100% loan is not going to help the low affordability group of people.
Preventing or reduce excessive speculation on properties is.
Preventing inflation is going to help the poor.

First step to help the poor, introduce RPGT.

Above just my view only.

yep.. single RPGT will help us poor ppl
not the 70% shitty..
go for 30% of RPGT then we poor ppl are all happy.. dammit 5% RPGT.. useless..

we can hav wishes & be dream chaser, but facts r stubborn things how long wanna chase dream?
be a dream achiever la & learn to adapt step1, stop be complain king
but step1 is alwiz the hardest step & takes the most effort

“The most important thing we can do is teach them (poor people) how to help themselves and help them get rich through hard work,” Zong Qinghou, the founder of China’s largest soft drinks maker Wahaha
http://www.whatsonsanya.com/news-15219-chi...ng-poverty.html

Too bad, we are moving to that direction. GIVING 100% loan is a big no to me as it doesn,t help to cool down the property market.

what are the contingency plans if Cagamas cant absorb the 10% when the bubble is burst(If any). Auction, it is not every property will have capital appreciation. some house might be sold out lower than the purchased price.

Bailout with EPF money again.

lol.. i tot Wahaha is the sound of laughter..
nice name

he is the one who conned Danone /France to become the richest man in china. this is last JV in China, after this incident all foreign co prefer to have 100% ownership in China.

Does anyone feel that 5 years later there won't be properties worth like 150k , except maybe low cost apartments..
esp freehold props?

if u r talking about KL,
it already happen i guess...

Do you think 2012 end of the world??? No point to discuss property up/down anymore....haha.

http://www.themalaysianinsider.com/world/a...agnitude-quake/

(RTTNews) - Malaysia's central bank decided to maintain the benchmark overnight policy rate at 2.75 per cent as expected for a fourth straight rate-setting session on Friday.

At the same time, Bank Negara Malaysia increased the Statutory Reserve Requirement (SRR) ratio to 2.00 per cent from from 1.00 per cent, effective from 1 April 2011, to mop up excess liquidity from the financial system.

The bank said that going forward, prices are expected to continue to rise, driven primarily by the significant increases in global commodity and energy prices.

In addition, the bank sees some incipient signs that domestic demand factors could put upward pressure on prices in the latter part of the year in line with the sustained expansion in economic activity

Inflation in Malaysia accelerated to 2.4 per cent in January from 2.2 per cent in December, fueled by rising costs of food and transport.

Meanwhile, the decision to raise the SRR is now undertaken as a pre-emptive measure to manage the build-up of liquidity as this may result in large macroeconomic and financial imbalances, the bank said.

However, the monetary policy committee made it clear that the overnight policy rate is the sole indicator of the monetary policy stance and that the increase in SRR does not signal a shift in the bank's policy stance.

BLR remains, SRR increase
Bank will tighten their loan

#Anyone knows where is the housing areas which was launched by the gov so-called "My first home scheme"...220k????

no restriction... anywhere, old or new...

Locations as in Sj, PJ, Puch, Damansara, BU and USJ hardly can get at this price...Unless those inside and ulu-ulu areas...IF 2nd, i bet the price has goes up right??? Maybe for low cost flat apartment still can get 220k...

it's for lower income la... <3k pm income, want to buy bu or sj meh?

can go to the 100% loan home thread discuss further...

this is the current government empty talk, look at the bubble they blowing, and continue blowing.. (whn a person start lying, they need another lie to cover the previous lie, so they keep coming out this and that "scheme"s...)
that is the trick to win the younsters votes of coming election.
do u think still got developer willing to build a house/apartment under 220k?

dun worry... they can only do this for so long. keep blowing the prop/constr section and nowhere else. when the debt levels, subsidies and inflation can't be sustained, there will be only high priced homes with few buyers as people need to first deal with food, transport, medical and education. only then will we see how prices will change. or how people will behave on the streets.

developers willing to build house/apartment <220 but they also increase those house price >220k to compensate their losses. the more low cost house the higher the mid to hi end house prices lor. the hi end will have higher impact coz rich will need to subsidy the poor.