Bro, BNM is extremely strict nowadays. If your income cannot justify the loan amount, your application will be thrown out. There are so many rejected cases since late last year.

I agree it is a concern if banks are allowed to simply give out loan. But now they are worried about NPL. So the situation is not like the banks are blindly giving out loans to people who are not eligible.

And I agree people should not buy beyond their financial ability for the sake of owning properties. That is dangerous.

From your replies to various post above, I agree that you should not buy any property now. At least you will sleep a lot better. Maybe you should wait for the price to come down 1 day. And buy only when you are comfortable

Investing property in China, U.S., Canada, Australia, U.K., Singapore, H.K., Thailand and Jakarta yield a better return and has lower risk.

By all means, pls go ahead and invest overseas.
Or if you prefer, dabble into forex or equities or precious metals.
Pick your poison.

Thailand, Indonesia, China lower risk???
Initially I thought u don't kno abt MK prop......
Then I realize u don't kno abt prop.......
Now I realize u don't kno abt your direction......
The end.

+1

Choices available to foreigners before they invest in Malaysia.

Incidentally, as GBP is cheaper than in the last few years, for Malaysian buying in Britain could have double gain.

This post has been edited by icemanfx: Jun 8 2013, 10:07 PM

Suggest you make a visit to Bangkok, any major city in China and Jakarta on property investment before you rule them out.

Property market is depending on bank loan. As most developments are supposed to complete from next year or so, high NPL is not expected until after 2015.

Sori off topic a lil. Came across some1 having prob carrying out funeral in condo. Any sifu know is it allowed to do it in any high end condo???

LOL

Most developments are supposed to complete from next year or so ?

Haha, I agree with others you know nuts about properties

Are you just trying to have some fun by trolling us ?

Holding of customary or traditional rites (e.g. Funeral wakes) are not allowed in any Condominium.

Noted. Tq

Hmm rate me am i ddd or ccc or wat..

Saujana villa kajang, asking price 1.4 million, after checking on the sellers backgroung crest and etc,

Price slashed 1m and deal went through, seller can no longer bare loan

The house price outside is realy high, no matter how u say prop go up, in face value, behind, the investors cant bare it anymore it is a fireball...it cuts, burn and extinguish a.k.a lelong

They are merely investing if they hold, it is no more investing your money will be binded under the bank loan

Maybe the price wong go down, but agents, owners need to eat and sleep well, selling at lower price will help

The price issue outside is a real issue, the biggest hurdle is the bank, the askingprice in prop value is not within bank valuation this will not spurr subsales, then there will excessive stocks, what happen next price goes down for sure

However , to qualify my statement i still agree that even in worst economic scenario, still certain property shoots up, but look in totality, the subsales either innumber has declined tremendously, ask the agents and the banks, they will know.

Rental will never be able to cover monthly installment. For coming investors, please bear in mind, a dou le storey in mahkota cheras may be sold rm300k at one point of time, then sold to another at rm450k, and next to 530k, do you really think the property price will ever go up anymore? Most probably not. If it really shoots up potential buyers will choose the other new project eith new design and etc with have far more competative price assuming the current property u want to sell 600k to 700k.

The market is saturated... upon certain limit, it stops no one will piurchase it anymore and you wont sell it at lower price.. then you be stuck with d property forever...

Even if you are purchasing new units, once it cant be sold for one of pricy reason, as time goes by, your units will lose up in as newer projects with different design and addons will defeat it.

Even mcdonalds, kfc, burger king and etc will need to come down with gheir price to suit the market why not prop price? I am ddd..

Ttdi grove kajang osos got some down turns due to some incidents...


A judge once told me

some prefer to live in matured area so the price will continue to rise...eg near to parent/fren, familiarity etc

All banks are so kiasu nowadays, high npl is unlikely but some area will likely see a spike in npl. Kota Kinabalu is a vulnerable area as well as Iskandar. Just my 2c

Boss invest prop in Britain with lower GBP ll not double the gain even thou I'm not sure bout wats the time frame u set for ur claim.

I almost bot a unit in zone 2 when GBP was 4.77 against RM. If I really hav bot it, I find no reason to double the gain today as the GBP is around the same as for today. Worst performance for GBP against RM for the past few mths was around 4.5+ and best at 5.0+. Correct me if I'm wrong.

Lets assume GBP has its lowest value against RM for the past 5 yrs, the value of the apartment I targeted actually appreciated about 10% fr the day I took note of it till today. Kindly explain the double gain part as I'm not very gd in tis kinda calculation.

Thanks

Gain in property value and GBP/MYR exchange rate.

GBP was hovering about 5 in the last 2 years and 4.5 recently.

Icic. Thanks. Can share which part of British props double the value in 5 yrs with the GBP : RM xe within tis 5 yrs? I think I missed the boat for not buying the London apartment.

Pls do share. Thanks