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 Are property prices going to up further? V3

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CKHong
post Jun 29 2011, 10:13 AM

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QUOTE(shyhhua @ Jun 29 2011, 09:49 AM)
Middle class homes
The Star
user posted image
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...  hmm.gif
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ahh at last...
CKHong
post Jun 30 2011, 12:28 AM

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QUOTE(hacker6280 @ Jun 30 2011, 12:20 AM)
Everyone BBB, Market up up up sharply,
once Crisis, then drop drop drop drastically.
people jump jump jump from their apartment.
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i hope the red quoted doesn't come true.. i dun wanna see that..
CKHong
post Jul 1 2011, 11:41 AM

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QUOTE(lucerne @ Jul 1 2011, 11:34 AM)
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?
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developer will have no risk not meh ? i thought only contractor will have risk if the raw material price is increase ?
Developer tell contractor > ok.. this condo i will pay 100 mil.. can u build it ?
contractor > Hmm.. will be able to cover with some profits..
next month raw material go up 50% > the one kena will be contractor
am i wrong ?
CKHong
post Jul 1 2011, 11:43 PM

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QUOTE(noproblem @ Jul 1 2011, 09:58 PM)
Heard the rumor about recession may be happen within 8-12 months... bank division was directed not "too aggressive" on lending...
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omg... how true is the recession.. sad.gif
if its true.. i duwan do job hopping first lur..
CKHong
post Jul 5 2011, 02:01 PM

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QUOTE(GangHo @ Jul 5 2011, 01:47 PM)
Let's pray and hope that everybody makes money, nobody loses money and the economy stays strong.  nod.gif  icon_rolleyes.gif  thumbup.gif  rclxms.gif  tongue.gif
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if economy doesn't stay strong.. then will have a lesson... pls dun be greedy.. biggrin.gif

http://thestar.com.my/news/story.asp?file=...2204&sec=nation
First-time house purchasers to get up to 105% financing
He said that buyers, making up those who earn not more than RM6,000 a month, would enjoy financing of up to 105% from selected financial institutions.

wow.. more and more can loan from bank.. rclxms.gif this consider good or bad news leh..

This post has been edited by CKHong: Jul 5 2011, 02:05 PM
CKHong
post Jul 7 2011, 09:41 AM

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haih... increase .25% to blr.. makes me have to pay RM80 more each month.. dam..
CKHong
post Jul 7 2011, 10:12 AM

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QUOTE(22222222 @ Jul 7 2011, 09:51 AM)
haha....u oni pay extra RM80/month....somebody outside needed extra RM8000/month... biggrin.gif
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lol.. tat one is over goreng.. tongue.gif
CKHong
post Jul 7 2011, 10:53 AM

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QUOTE(AVFAN @ Jul 7 2011, 10:44 AM)
we will know by 6pm today. get ready to pay more int for loans, eat less...
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normally.. interest rate will increase rite ? i mean FD
BLR stay too low zo.. sure it will go up haaaaaaaaaih
CKHong
post Jul 7 2011, 10:56 AM

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QUOTE(dlyw1103 @ Jul 7 2011, 10:53 AM)
hmmmm....What if bank counter that with better package? BLR - 2.5 or more ....  icon_rolleyes.gif
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wa wa.. if got that counter good leh..keep on counter.. after 3 years.. BLR - 4.0.. then i can do refinance liao rclxms.gif
CKHong
post Jul 7 2011, 11:02 AM

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QUOTE(noproblem @ Jul 7 2011, 10:59 AM)
opr up 25bp, srr up 100bp... just guess...
blr will be 7% or above... smile.gif
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BLR become 7% above
many will die de leh.. i hope not..
cus u know la.. then few more months they will announce again increase SPR or others.. then BLR will increase again
i hope it increase bit by bit..
CKHong
post Jul 7 2011, 01:12 PM

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QUOTE(kh8668 @ Jul 7 2011, 12:27 PM)
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.
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based on the chart (i forgot where i see b4 liao)
after 98... BLR never go up to 9 or 10..
stay within the range of 6.x-7.x
hope it won't go up too much lo.. cry.gif
CKHong
post Jul 7 2011, 04:52 PM

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QUOTE(cherroy @ Jul 7 2011, 04:37 PM)
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.
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thanks for the explanation..
i didnt know those SRR OPR etc etc
at least now i know SRR rclxms.gif
been googled... but can't understaand.. tongue.gif
CKHong
post Jul 7 2011, 05:11 PM

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QUOTE(prody @ Jul 7 2011, 05:08 PM)
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.
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got example? i think with example will be easier for us to understand.. i googled also came out that.. end up i duno what it means.. english bad sad.gif
CKHong
post Jul 7 2011, 05:27 PM

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QUOTE(prody @ Jul 7 2011, 05:17 PM)
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.
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wooo... ic... thanks for that smile.gif
the higher the SRR.. the lesser the bank can give out loan..
if like tat.. bank will tighten the lending..
what if

Let's say the bank holds 100 RM (SRA), with SRR of 1%, they can loan out 10,000 RM (EL).
let say the bank already loan out 10,000 to other people
the next day Bank Negara raises SRR to 2% > bank can only loan out 5,000
they can just ignore it or they have to get more $$ so that the bank hold 200 instead of 100
CKHong
post Jul 7 2011, 06:42 PM

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QUOTE(godutch @ Jul 7 2011, 06:12 PM)
OPR remained unchanged, but SRR inceased 1% to 4%. biggrin.gif
i believe this is the correct answer rclxms.gif

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.
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lol.. so which one is correct ? i will prefer cherroy one..
since his one very easy
got RM100.. if 3% means the 3% of the total cannot be used
as for prody.. got RM100.. 1% = 10,000 2% = 5000
i cannot get the formula done~
CKHong
post Jul 11 2011, 01:44 PM

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QUOTE(firee818 @ Jul 11 2011, 01:31 PM)
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%.
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><"

CKHong
post Jul 15 2011, 03:25 PM

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QUOTE(22222222 @ Jul 15 2011, 02:27 PM)
I think GST will Kick-off very soon and GE maybe will delay to next year due to 709.
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agreed biggrin.gif
they know if they call for GE... they will lose till veli cham...
but then GST kick off.. they might lose as well.. if i'm BN boss.. i will call for GE .. then only implement GST smile.gif
CKHong
post Jul 15 2011, 03:35 PM

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QUOTE(22222222 @ Jul 15 2011, 03:31 PM)
Cannot wait anymore......Gomen need $$$ now.
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if they dun eat $$... after GE they don't have the chance edi.. tongue.gif
somemore GE.. they need alot $$$.. cus previously their stronghold.. they need to feed them $$ like what they always did tongue.gif
CKHong
post Jul 19 2011, 05:21 PM

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QUOTE(lch78 @ Jul 19 2011, 03:26 PM)
Thank you  notworthy.gif  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.
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what!! ?? another interest rate hike ?
i thought BNM baru saja increases the SRR ?? i thought no more surprise from BNM ??
CKHong
post Jul 21 2011, 02:55 PM

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QUOTE(kochin @ Jul 21 2011, 02:48 PM)
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.
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hongkong reli cham.. what to do.. their land so little..

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