Actually IMHO, malaysia fresh grads are not looking to buy a house jsut like several die-hard forumer in this thread. Those fresh grads are actually looking forward to buy a new car to drive on road. MYvi myvi Myvi; persona Persona persona. Those are everywhere. I always being told:
1. "Why so early buy house? I'm not going to settle down so soon!"
2. "I just started working, I still don't know where I will settle down later, so why rush?"
3. "I don't have a girlfriend, moreover being a medical specialist and thus a reputable professor in a education hospital is my aim!"

Hmm... just ate my lunch with a friend of mine working in Public Bank.
He told me at the moment Public Bank (his branch perhaps) withold and stop giving house loan.
Reason is because that particular area residentials' price surge up to fast and high. Only can start giving the loan again with the permission from the superior.
Nowadays even public bank not giving loans cause they are worried on the escalating property price vs ppl income. They are worried on the abillity of the people to serve the loan in future.
I'm wondering now, does this indicate something bad gonna happen soon?

hmmm... I guess because cars are really very captivating. Just went to Lexus at damansara, straight paid RM10,000 deposite to book a car without much thinking. But when to buy a property, even for own stay, I'm like gonna think think and think, location location and location, should I book or not, although the booking is only RM1000. I see so many youngster are getting higher purchase, will the future prop demand get soften? Since affordabily and loan approval to buy property being hamperred after buying hire purchase.

Hmmm, some of the banks got cap limit one. For example, blr 10, bank give -5. So ur interest rate is 5%. Then 5% is the lowest rate u have. Ur rate cannot go below 5% regardless the blr drop in future; but your rate can go higher if blr increases. The banks always win. They are confirmed to earn your interest money once you drop down ur signature.

This post has been edited by liyonglim: May 19 2011, 10:40 AM