bnm been studying forever, they know the risk, just that they must kowtow to politicians need to grow GDP, keep building la... remove constr, palm oil price crap, factories not making much, how not to raise civil wages bonus, br1m, wat u get? riots maybe.

developers r smarter than all, dun forget that.

if dibs ban, price will come down a bit to test, see how many still wanna play. if nobody play, they will b forced to lower prices or stop launching.

Without dibs and US cutting QE, China facing credit crunch, I think the potential upside is limited. Rather downside is more likely.

One cannot use Singapore government's dibs halt in 2009 as a scenario because at that time the US started printing money. So hot money was rushing in causing all markets be it property, equity and commodities to shoot. Now better err on side caution. Even in Singapore, property market has slowed down tremendously. I have investor friend owning S$50m property portfolio largely in commercial property. He has stopped buying since 3 months ago. Instead he is selling.

All have their opinion. No one can predict the future. Just don't over stretch oneself coz if downturn hit, don't be caught with your pants down.

This post has been edited by Mlchoo: Jun 25 2013, 06:42 PM

B4 the implementing of LTV 70% for 3rd mortgage loan. there were strong buying sentiment in the market.

With the 70% take place, ppl predict property market will be badly hit, but I would say this didn't stop investors to buy as ppl has started to accept 70% as a norm.

Another measurement effected last year end, increase of RPGT by 5% to 15%/10%, I didn't do much on cooling down the BBB

I would say if BNM remove DIBS, it wont make much different, except it may filter out those investors/flippers with tight cash flow.

i think it will make significant diff but in a good way.

the capable sturdy ones will continue to invest and keep the industry going while the boyos will wean and leave.

that is the correct way. this prop game can't be, shudn't be and musn't be for any tom d*** and azli to play and then annouce all over lyn how i got rich at 25.

It ll b a healthier way to push props up than using dibs or no down purchase, which is a bad practice.

Imho the faster the beta. Scrap the idea of ltv70 on 3rd loan and implement ltv 70 on 2nd loan. Tat sound beta. At the same time stop bridging loans to all dev who giv rebates in wateva form. V need healthy market.

sorry correction, what I mean is the impression on anything to do with 1Malaysia 1 this 1 that, it sounds like ah jib kor is helping the poor. So, if gf hear she is staying in 1Malaysia apartment in the future, she will feel jatuh standard. You know lah nowadays the girls

Not looking down on PR1MA projects, but I think given the choice, they would rather choose private projects

+1

this is the problem with the generation Y+Z nowadays, they keep on complaining house price too expensive, come cope with it. At the same time feel embarasing and "loose face" living in the PR1MA home.

U shd change your potential gf if she judge u based on where u live. Nowadays, newly married couple double incomes purchase the house together and support the mortgage loan together. If she look down on you, she look down on herself.

In Malaysia, we have good policy but we always have problems on the implementation.
The key issues is Ministry of Housing should control the DIBS thingy on the developers, as BNM can't regulate developers but only banks.

Agreed to what u have suggested. Besides recalling bridging loan, the government can recall and frozen the A&P permit, so that developer can't sell the property for a period of time, if not following the rules of the game.

Warning can be given to those developers whom try to give DIBS and challenge the MOH authority, MOH can blacklist developers' names and publish their names in the major medias, or hold the Board of directors responsible for this misconduct.

I do hope I have a gf at this stage of my life

Understood on tat. But the biggest concern now is the difficulty for 1st time buyers. So hav to solve 1 prob at a time. Hav to stop all flippers and allow genuine young buyers to get their house b4 loosen the regulation later. Maybe bnm can oso allow banks to giv 95% mof to 1st timers. Then it ll balance out the effect.

This post has been edited by ManutdGiggs: Jun 25 2013, 10:39 PM

No doubt DIBS is fuelling e unusual psf in Iskandar n creating a potential condo bubble. Good to stop DIBS before anyone gets hurt.

DIBS is the excuse for developer to up property price at 10-30%. U may check out new launches w/o DIBS selling at current market price where new launches wif DIBS all in future price.

You mean PetalZ?

Petalz not in my radar... if its more than 600 per sf then it's future price.

Oh ya no all ppl accept property pricing at current market.. Some believe all properties price at bubble but for me as long valuer approved price I take it as current market price. One of the example I will say pentas in impian alam launching at current price.

You fr hardcore ddd camp is cursing high property price in v11, hoping it will crash soon. Falsely becoming champion of ddd camp. On the other hand, you know market will not come down yet with so many easy financial scheme for flipper like you. Bought 15bijis mang, you really king of all flippers. So, stop be a 2head snake.

My daughter is getting married soon