QUOTE(nkhong @ Jul 8 2013, 02:40 AM)
The measures taken by BNM still too soft. Perhap they afraid property might collapse if they ve taken tighter measurament.
They should prohibited developer from offering dibs and rebates. I am afraid this easy entry might coz many default their loan when the property is oversupply a little, they couldnt hold and couldnt sell and couldnt rent out.
Nowaday people buying property mindset are really scary, in their mind the price is always up up up, just buy and dont really study the price as long as it is low entry, just buy and thinking to flip when it is completed.
Tk nkhong, agree with u.
The measurement sure will take step by step. And if BNM takes tighter implementation, the market surely collapse and banks found it hard to do business, esp mortgage or a collateral loan which is quite secured.
But I think DIBS is a good offer not only for investors cum speculators but also first time buyer. I dont agree the govn implement something may hit the first or second time buyer.
I think rebates are ok, bcz BNM cant control this marketing gimmicks by developer. Perhaps it should control the high selling price to reduce developer's effort for zero entry.
The dev selling price have to be approve by MOH, in order to reduce the risk of speculative.
To curb on DIBS now, I dont see it has any impact where the dev can proceed with ISS. But to control the ceiling price and the number of buying power will do. No point if the price keep increase and higher but needs to provide discount of 15-25%, where the younger one would be much tempted to buy without any sign of holding power and affordability.