is it dangerous with 18 yrs old car on the road...

ka na sai .. why talk about car ..

Condo near MK looks nicely price liao

going to have a drive around and look at end of month

There is no way for any development to take place in that area unless they level the whole Kledang mountain range so dont worry.

ivana.. use chrome.. then it will ask whether u wanna translate to it o not

i'm banana as well.. but google translate it.. i'm kinda get what it means

actually lazy to read .. that's why put summarise

the 2nd home thing is getting out of control. its partly the cause of why penang is so expensive. right now i am living at home in rawang, paying only 300. i dont pay for anything other household expenses plus i have meals whenever i am home. renting in damansara is not so cheap.

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Added on March 18, 2011, 3:07 pmnot if u maintain the car well. so far it has never given me trouble. broke down only once because the modulator needed replacement. that also because i took it to the mechanic 2months before but he didnt detect the problem.

i only started to replace parts about 3years ago. rm300 every 6 months. beats paying car installments and i dont have to worry about people targeting my car.

This post has been edited by cleo87: Mar 18 2011, 03:07 PM

hehe... cleo..
same as me.. using my mom's car..
so happy.. going to borrow 1~2 more years then oni see how's my financial.. see if can get a car or not..
but u're much more luckier than me..
as for me, maintenance are more expensive than urs..
but still more better than go get a new car now.. which each month have to fork out 700~900 per month..

http://www.thestar.com.my/news/story.asp?f...2818&sec=nation

Hard to get credit cards so won't spend much but allow them to 100% loan?

http://biz.thestar.com.my/news/story.asp?f...85&sec=business

High end condo's will be hardest hit for sure. All these new launches are exorbidant prices are really crazy! Shame on these developers!

With the happening of the Japan's earthquake, I m afraid that the property market is going to have another big upward wave due to increase in raw materials. Hope I m in wrong guess!

ya, if gomen willing to help the young, why not provide fit rate at 4% for the loan... to something like the loan for edu.

And not just the developer and bank to untung gila...

This post has been edited by sampool: Mar 19 2011, 10:49 AM

i found out that the 100% loan scheme will charge flat 7% interest. yes, it does not follow BLR
it's kinda ironic to charge such a high interest on the "poors" who are trying to own a medium cost home

i do see current subsale prices coming down a littlle...
if the BBB mentality hold a few months untl after election
prices will come down slightly.

property is about location... if it has limited or no supply oredi..

so go for it if it is within your "means".....do not put yrself on the
fence of financial capabilities...always have emergency cashflow
in hand...

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Added on March 19, 2011, 11:30 ami would seriously consider this comment...

not when the gov doing is approv. loans and more loans..
to create sendiwara.....

stuff more money into their pockets and take out of country..



This post has been edited by IMHO: Mar 19 2011, 11:30 AM

Wat?! Additional interest to cover non performing loan?!

Recently check with AIA, their flat rate is fixed something like 5.6%.

Good job. Tat's to show how sincere they are.

Carry on dreaming in this slumberland rakyat Malaysia. You ask for it, since majority refuse to accept the truth but prefer to listen to propagandas and lies! All prefer to stay in own comfort zone. Tat's why you get for refusing to speak up!


This post has been edited by Bobby C: Mar 19 2011, 04:21 PM

Are you sure? If this true, it seems the scheme is for helping the bank not the rakyat. based on current Best BLR (BLR-2.4), BLR need to be 9.4 point just to be at par with this scheme. good luck with those applying this scheme.

maybank previously announce blr-1.9% for this scheme.

it was posted a while ago.

P.S: Current BLR is 6.3%

Whoever hope property prices will drop, better be prepared...


City&Country: Offshore-- Murphy’s hot picks for 2011: KL, London, NY
By Cecelia Chow of The Edge Singapore
Sunday, 20 March 2011 00:00 Bookmark and Share

Tim Murphy, a prolific property investor and founder and CEO of Hong Kong-based international property investment firm IP Global, thinks property values in Kuala Lumpur are set to rally. The Malaysian capital is one of Murphy’s hot picks for 2011. He attributes the city’s potential to its economic growth, estimated at 5.3% in the year ahead, and a property market that has remained stable in the last two years. “The properties are generally affordable, with low taxes, and foreigners are able to own property there,” Murphy says.

“We’ll be seeing a huge capital flow into Malaysia this year as Kuala Lumpur continues to bustle,” he tells The Edge Singapore. “The thing about Malaysia is, it’s a cheaper alternative with little downside [compared with] the other markets, for instance, Indonesia and the Philippines. If you look at the Malaysian currency, it’s performing quite well, and interest rates are steady.”

Last year, IP Global invested in 32 units in high-end condominium projects at Bukit Ceylon, which is just a short distance from the prime Bukit Bintang shopping and F&B enclave. Murphy also believes the best deals in KL today are in office space. “You can get 8% to 10% yields — anything within a mile of Jalan Ampang,” he says.

[Murphy: Foreigners still hold very strong sentiments about Singapore and will continue to invest here] Murphy also likes London, as favourable exchange rates continue to attract overseas buyers. For example, he says, the Singapore dollar to pound has averaged 0.4 since January 2008 and is likely to remain that way in the year ahead. He adds that current rental yields in Central London are the highest in 20 years, and anecdotal evidence is that there are five or six renters competing for each property. “Investors should act fast before they miss this opportunity,” he adds.

As for New York, Murphy urges investors to capitalise on distressed opportunities at substantial discounts as the city bounces back from the slump. As a comparison, he says a 3,000 sq ft luxury apartment in London would be priced at US$7.5 million (RM22.8 million) and in Hong Kong, US$5.1 million. However, one in New York could be had for US$4.5 million. And, with the property supply still tight, he reckons New York could outperform all other markets this year.

Murphy also sees potential in entering Tokyo as the Japanese economy gradually stabilises. According to the latest monthly survey among economists by the Cabinet Office’s Economic Planning Association, the average forecast for FY2011’s real GDP growth in Japan was revised to 1.39% from 1.29%, he says.

Japan was also a popular investment destination in 2010 for institutional investors, such as Singapore’s Mapletree Investments, Franklin Templeton Investments from the US and Hong Kong-based Pacific Alliance Group, and Murphy sees this trend continuing.

As for Singapore, Murphy says the government’s latest property measures may deter locals and dampen market sentiment initially, but foreign investors “still hold very strong sentiments about Singapore’s economy and will continue to invest here”.

He adds: “I don’t think the downside is great, because I think the market still has legs, but if you’re after a quick buck now, this is not the time.”

Furthermore, Singapore isn’t the only place in Asia with tough government measures to tame house prices. A slew of new regulations in China has forced investors to look for opportunities in other countries, such as Singapore, Murphy says, while in November, the Hong Kong government set a higher sales tax on properties sold within 6 to 24 months of purchase and raised down-payment requirements for residential properties. “As such, the [Hong Kong] market is starting to seem like it is all under control, except for the fact that housing prices are still too high for the average person,” he observes.

He sees the Singapore economy growing in the next one to two years and advises investors to “move quickly” before it peaks. Murphy himself had been searching for an opportunity to enter the Singapore market since early 2010, zooming in on the Newton area, as it is in a prime location (District 11), near the Orchard Road shopping belt and the CBD and served by the Newton and Novena MRT stations.

He also stands by his decision to wait for the right opportunity to buy, as he was not prepared to meet asking prices of at least S$2,000 (RM4,700) psf in the secondary market in the Newton-Novena neighbourhood. In December, he purchased a 1,119 sq ft, eighth-floor resale unit at Ten@Suffolk on Suffolk Road for S$1.37 million (S$1,224 psf). The 37-unit boutique condo, located just off Thomson Road in District 11, was completed in 2007 by Hong Fok Group.

While Murphy believes Singapore’s property market will remain robust, his focus for 2011 will primarily be Kuala Lumpur, London and New York. He sees an increasing number of Singaporeans investing overseas as well, and attributes it to “the high property prices here”. At IP Global’s recent Singapore showcase of prime units at The Sheffield, a new apartment block overlooking Central Park in the heart of Manhattan, in which the firm had invested, 14 units were sold to local retail investors, with more than 180 attendees at the weekend exhibition.

goreng lagi .. Condo units + Million homes is empty now .. need people to buy

today nanyang also reported DTZ Singapore (page b15) forecast KL will be #1 prop investment in Asia.

yes, buy.. buy.. buy... FDI, quictly & faster buy... ha ha..