Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Are property prices going to up further? V4, nothing's gonna stop us now

views
     
SUSInF.anime
post Apr 16 2012, 06:08 PM

Look at all my stars!!
*******
Senior Member
2,695 posts

Joined: May 2007
From: Prison Break
I must say, after reading the few pages back, now you guys are scaring the shi+ out of me. I just decided to get a prop at SgLong and gonna tie myself with huge debt for the next 40 years... :s then you guys speculate that the bubble is going to burst soon and send everyone to hell :s

Was happy that i can afford to buy a house just now, but now I'm like falling from heaven to hell because of this bubble thing... i guess I was too optimistic?

This post has been edited by InF.anime: Apr 16 2012, 06:14 PM
SUSInF.anime
post Apr 16 2012, 07:06 PM

Look at all my stars!!
*******
Senior Member
2,695 posts

Joined: May 2007
From: Prison Break
QUOTE(arthurlwf @ Apr 16 2012, 06:37 PM)
Nothing to worry as you're buying for your own stay...

Let's use some maths...
Assuming the bubble burst, the property price of RM 500k drop to RM 400k (20% drop like China Q1)

Property price = RM 500k (deposit 10% means RM 450k)
Interest = 5%
Duration = 40 years
Loan Monthly Repayment = RM 2169.88

Say property price drop 20%,
Property price = RM 400k (deposit 10% means RM 360k)
Interest = 5%
Duration = 40 years
Loan Monthly Repayment = RM 1735.90

Conclusion: Different by RM 433.98

http://www.ocbc.com.my/personal-banking/ca...lator_loan.aspx
*
Very well explained, thanks for your shed of light! notworthy.gif
« Next Oldest · Property Talk · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0291sec    0.67    7 queries    GZIP Disabled
Time is now: 9th December 2025 - 09:07 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.