Jul 22 2011, 08:53 AM
QUOTE(koopa @ Jul 22 2011, 12:32 AM)
Magazines, investment books, etc is comparing Malaysia to HongKong.
I would like to recommend to Malaysia to do it like HongKong, Property above say RM3m, need to pay 40% deposit etc. Instead of 3rd property loan 70% only. Just to curb bubble. I realise its bad for investor.
I myself have 5 property when im 24 but im staying with parents. Then when i finally wanna buy the 5th one for my OWN STAY, put booking free on monday, i kena pay 30% deposit because they announce it last friday. Its a good move to curb bubble i kinda support it but its not well taught of.
1. Say Person A got 2 property costing RM1.5mil each. Renting out for RM16k for both. Then he need to pay 30% deposit for a RM200,000 house which is RM60k only.
2. But Person B got 2 RM200k apartment then he wants to buy 1 RM1.0mil only, he needs to fork out RM300k just for the deposit.
Assuming both still servicing the loan for all property. Its unfair.
Added on July 22, 2011, 12:38 amIm quite happy with the increase in BLR and 70%LTV thing. Everything seems to be running normally to keep inflation in check...
THEN SUDDENLY!!!
1st property 105% loan for people earning RM6000 and below. The intention is good but i think this move is a weird one because it will introduce further speculation for property below RM300k. Developers will use this as a guide to set a price their property and in the end, speculation will start again..
Sorry to say this, but I think you do not understand the concept of speculation. Speculation only occur when people are buying more than one property. Afterall, you can only live in one. So the government scheme is not effectively encouraging speculation as it targets and helps first time home buyers. Frankly speculation is more of a problem for lower valued properties as speculation will effectively push out lower income bracket purchasers.I would like to recommend to Malaysia to do it like HongKong, Property above say RM3m, need to pay 40% deposit etc. Instead of 3rd property loan 70% only. Just to curb bubble. I realise its bad for investor.
I myself have 5 property when im 24 but im staying with parents. Then when i finally wanna buy the 5th one for my OWN STAY, put booking free on monday, i kena pay 30% deposit because they announce it last friday. Its a good move to curb bubble i kinda support it but its not well taught of.
1. Say Person A got 2 property costing RM1.5mil each. Renting out for RM16k for both. Then he need to pay 30% deposit for a RM200,000 house which is RM60k only.
2. But Person B got 2 RM200k apartment then he wants to buy 1 RM1.0mil only, he needs to fork out RM300k just for the deposit.
Assuming both still servicing the loan for all property. Its unfair.
Added on July 22, 2011, 12:38 amIm quite happy with the increase in BLR and 70%LTV thing. Everything seems to be running normally to keep inflation in check...
THEN SUDDENLY!!!
1st property 105% loan for people earning RM6000 and below. The intention is good but i think this move is a weird one because it will introduce further speculation for property below RM300k. Developers will use this as a guide to set a price their property and in the end, speculation will start again..
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