Middle class homes
The Star

News in The Star newspaper today. I think the first time house buyer will wait for this to launch since it is only eligible for 1st time buyer.  New property launches may get affected by this news, coz most of the 1st time buyer will wait and see... 

Everyone BBB, Market up up up sharply,
once Crisis, then drop drop drop drastically.
people jump jump jump from their apartment.

developers are gambling with raw material price increase in the next 3 yrs... so if developers made lot of profits mean they win in gamble (which the raw materials end up did not ate up their profits initially they anticipated raw x2, x3.. what if things became reverse, do the purchasers willing to top up $ or developers go bankrupt?

Heard the rumor about recession may be happen within 8-12 months... bank division was directed not "too aggressive" on lending...

Let's pray and hope that everybody makes money, nobody loses money and the economy stays strong.         

haha....u oni pay extra RM80/month....somebody outside needed extra RM8000/month...

we will know by 6pm today. get ready to pay more int for loans, eat less...

hmmmm....What if bank counter that with better package? BLR - 2.5 or more .... 

opr up 25bp, srr up 100bp... just guess...
blr will be 7% or above...

7%-2.2% = 4.8% still manageable

if BLR up to
9% or 10% - 2.2%= 6.8% or 7.8% then should be worried.

Statutory Reserves Requirement, aka money that need to set aside by banks and hold on/by BNM SRR regulation.

It just means money that cannot be used to loan out.
For eg. bank has Rm100 deposit if SRR is 3%, only RM97 can be used to loan out to make money/profit.

So higher SRR means higher cost to bank, so they may not able to give more discount on BLR.

I think the above is wrong.

This seems more correct: Statury Reserve Requirement is a monetary policy instrument available to Bank Negara Malaysia (BNM) for the purposes of liquidity management. Effectively, banking institutions namely commercial banks, merchant/investment banks and Islamic banks are required to maintain balances in their Statutory Reserve Accounts (SRA) equivalent to a certain proportion of their eligible liabilities (EL), this proportion being the SRR rate.

Should be like this I think:
SRA/EL = SRR

Let's say the bank holds 100 RM (SRA), with SRR of 1%, they can loan out 10,000 RM (EL).
Let's say the bank holds 100 RM (SRA), with SRR of 2%, they can loan out 5,000 RM (EL).

So a small change in SRR requirement has a big impact on how much loans the banks can give out.

OPR remained unchanged, but SRR inceased 1% to 4%.
i believe this is the correct answer

prody's first explanation (from the net) is something like an academic/formal answer to SRR, while cherroy gives an example to explain prody's explanation.

but prody's example is not correct. It is impossible that the banks can loan out money based on your formula.

New info, major city in Sarawak, single storey terrace price up to
RM 220k - RM 250K, previously (before 3/2011) RM 200K - 230K increased by another 10%.

I think GST will Kick-off very soon and GE maybe will delay to next year due to 709.

Cannot wait anymore......Gomen need $$$ now.

Thank you    for clearing up the misconception.

So the fundamentals are intact. However another round of interest rate hike is around the corner, that might change things.

good info.
important to note that both thailand and vietnam yield is even worse than ours.
would have love to see jakarta added in the survey.
i'd been stressing this endless time. malaysia price is dirt cheap compared to our neighbours.
st regis at rm1.6k - 2k psf is dirt cheap compared to their name marketed in overseas. no wonder it is a sellout.
foreigners would not hesitate to buy up the brand at a fraction of their original price in thier home country.
on a crude scale, imagine this.
say a coach handbag in malaysia selling at RM3k.
u go say US and the exact same handbag or slight variation of it but still a coach handbag is selling at say USD300. no doubt most people will grab it, right?

just had breakfast with a hongkie today.
told me the highest currently is either HKD60kpsf or HKD30kpsf (i cannot remember).
an average university grad entering the workforce is around HKD12k/mth.
they also crying about affordability of property purchasing.
furthermore their minimum downpayment is 30% and goes higher if property price is higher.