Haha...nowadays 350k...oso cannot kenot buy property...so sad...

Y u didn't consider OUG Parklane....still can get below 300k.....

or OG height....Bukit OUG Condo....all around that area.....

This post has been edited by 22222222: Apr 5 2011, 04:17 PM

how about just "hard hard" buy it? dont care so much?
since ppl all say price will still go up
and can loan 80%

OUR parklane.. my own fault.. i dun like it.. 4k units..
bukit OUG is subsale rite ?

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Added on April 5, 2011, 4:29 pmkenot.. if over 400k.. monthly repayment is hell for me.. kenot afford it.. i need to give $ to my parent as they're retired edi..
buy zo house.. got extra usage need..
eg : water, electric, maintenance fee etc etc
now i renting a room.. paid RM420++.. only left like 1k++ savings oni..
thats why kenot hard hard buy it.. if not make myself suffer nie

This post has been edited by CKHong: Apr 5 2011, 04:29 PM

Yes, Bukit OUG Condo is subsale......same location with KR1, ZR and Rainz

on iprop.. saw got 270k++
duno real o not.. normally those screw up agent neva update the price..

hahaha yeah i lived there for 3years. oh my goodness they make u curse when u miss it.

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Added on April 5, 2011, 4:38 pmmaybe CKHong you can convert and then demand your rights to 50% discount....

This post has been edited by cleo87: Apr 5 2011, 04:38 PM

LOL.. die also duwan convert.. i love siu yuk !
later convert liao curi curi makan.. kena tangkap habish

right also
if hard hard buy
then BLR rise
also kena...

year lur.. if BLR confirm stay low for 5 years.. then i sure die die go liao cus i think after 5 years paying 400k de house shud be far more easier than nwo :'(

BLR raise no direct impact to u... once u sign the loan agreement, u lock in the installment amount. UNLESS the BLR up a lot thereafter.... which i foreseen unlikely.

BLR stays below 7.00% for last 10 years d.

Now housing loan

BLR - 2.2% to 2.5%

effective rate is still pretty low.

so buy or not buy? borrow or not borrow?

Downtrend in property loans
By THEAN LEE CHENG
leecheng@thestar.com.my

Higher deposit to curb market speculation seems effective

PETALING JAYA: Bank Negara's move to require house buyers to pay a higher deposit seems to be weeding out speculation in the property market, some analysts said.

Its monthly statistical bulletin last week showed that for fourth consecutive months since November, the number of loan applications to buy residential property has reduced.

On Nov 2 last year, the central bank announced a 70% loan-to-value (LTV) cap on a borrower's third and subsequent house-financing facility, meaning that these buyers would have to fork out 30% of the purchase price.

The move was prompted by fears of a retail credit bubble fuelling speculation on the prices of residential properties. Certain areas reported price spikes that are indicative of speculation and multiple-unit purchases by individuals.

However, analysts cautioned that the data was not conclusive.

Some analysts said the decline in the first couple of months might be seasonal and believed data from March would accurately show the effects of the LTV rule.

RAM Rating Services Bhd's head of financial institutions ratings Promod Dass said: “Household financing facilities now account for approximately 55% (or RM489bil) of the local banking system's loans, with loans for the purchase of residential property comprising about half (RM238bil) of total household loans.

“Although the full impact of this move has yet to filter through given the short time since its implementation, loan applications for residential property purchases have started slowing down in the last two months of 2010 and January.

“The heftier down payment because of the more stringent 70% LTV cap is aimed at discouraging excessive over-leveraging in the property market. While the early signs are that this move has weeded out a degree of speculation in the residential property market, it will take at least six more months to gain a conclusive feel on whether such speculation has been curbed,” Promod said in an e-mail.

Malaysian Rating Corp vice-president and head of financial institutions ratings Anandakumar Jegarasasingam said the LTV ruling was insufficient to control the level of household sector debt in the economy or an unhealthy property price appreciation.

“Any individual who is purchasing a third residential property is either likely to be affluent or a reasonably savvy property speculator. If property speculation is to be curbed, the authorities should perhaps explore more direct measures involving taxes and prudential restrictions,” he said.

Another issue was whether the current trend of lower applications for housing loans could eventually lead to a softening of the property market.

ECM Libra said in its banking report yesterday that “residential property and non-residential loans approved have shrunk and are set to continue their downtrend.”

ECM Libra's analyst Bernard Ching said “loans growth are expected to taper off due to our expectation that property sales growth may slow down later this year as a result of the imposition of loan-to-value cap.”

Another analyst said the drop in housing loan applications, and the reduction in the number of loans approved, would eventually lead to a softening of the property market. “Increasingly, developers will find it more difficult to push sales and this will lead to a softening,” he said.

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Price will start falling! Property owners, dream on that prices will go up up and up!!!

i think sure will drop .. crazyhigh site

http://tw.news.yahoo.com/article/url/d/a/110405/8/2paj5.html

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hope this will come to M'sia soon

ya
i got a colleague
bought a 16*65 2 story terrace at Serdang 9 months ago with $183k
now the neighbourhood got ppl sold at $330k!!!
then his neighbour also want to sell now at $350k (with soem innovation)
imagine from $180k to $350k in 9 months in Serdang
crazy...

another colleague bot a $450k at puchong far far (i dont know the name)
now say got value at $600k
imagine a 20*65 terrace can sell at 600k
incredible

dont know how true the market is
is it really demand???

These are the last batch of people "up car" (in cantonese) already. See how they offload they stocks in next 6 months. Some of these uncle and aunties don't follow the macro situations, their "mood" is always 6 months behind, so kena la!

Ya, that's why when people said Malaysia is different because we don't hv subprime, i really doubt it.

Maybe the reason why these people said we don't hv subprime is just because our banks are less sophisticated and don't hv a system to differentiate what are prime loans and subprime loans.

Out banks don't hv a perfect system when come to giving out loans, that's why some people managed to find loopholes (banks just want to hv a nice "loan growth" rate to push share price higher, and more loans means more income to the banks) and overstretched, heard of someone was managed to take many loans (including cd cards, personal loans and housing loans) from different banks and the housing loans were more than 10X his gross salary. and i don't think this is an isolation case. Do we not hv subprime loans???

And also, this time the Sarawak Election will also have some impact on the property scene in Malaysia.

Ok, BN is expected to lose more seats this time to PR. And if the more shocking news, if BN lose 2/3 majority in Sarawak, it will create an "uncertain" environment in the economy. I bet alot of developers will not launch their projects if BN gets unfavorable result in Sarawak election. And if BN gets unfavorable result in Sarawak election, BN will put off the GE later, maybe till early next year, this will create more uncertainty for the investors and developers. Alot of decisions on project launching and property investments will be put off after the GE. Well that's my view.

IF BN maintain their good result....do u think is the right time to buy the property.....

what say u on 308 election when BN lose 2/3 majority to PR but prop price up up??