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 rumor, New policy introduced by gov

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AVFAN
post Jun 25 2013, 05:39 PM

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QUOTE(kw @ Jun 25 2013, 05:19 PM)
Base on the article from The Star, it seems like very soon it's going to be implemented (if the ban is firm by gov) :

http://www.starproperty.my/index.php/prope...bearing-scheme/

Anyhow, I don't think developer will pull out the DIBS scheme until the official ban announce since they sure want to do more sales until last minute of announcement rather than announce pull out now and let the sales drop immediately (assume DIBS will sure be pull out later). So, if really under this situation, should a buyer wait or should grab the last chance when DIBS still available? What will be the pros & cons?
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if the offer wun wait n u need this kind of deal, go for it now.

if u feel it's marginal, no need to rush.

dibs++ is not free, all costed, good for cash flow but u pay for it in the end.


but like some mentioned, bolehgomen not ready to get real, can expect devs to keep beating it, drawing on easy credit ways, n balloon debt, unlike china now squeezing on credit.


AVFAN
post Jun 25 2013, 06:36 PM

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QUOTE(HeartRock_Cafe @ Jun 25 2013, 05:56 PM)
Bank Negara is studying the risks arising from DIBS with a view of potentially imposing curbs on it

Posted on June 25, 2013 - Featured, Property News.

By GURMEET KAUR
gurmeet@thestar.com.my

PETALING JAYA: Bank Negara is studying the risks arising from the developer interest-bearing scheme (DIBS) with a view of potentially imposing curbs on it, sources said.
more
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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. tongue.gif
AVFAN
post Jun 25 2013, 06:40 PM

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QUOTE(kw @ Jun 25 2013, 05:54 PM)
Yup, I second that our government is always few pace slower to implement something really beneficial to the people  tongue.gif

However, if let say it really implement soon, what most likely developer next action? Lower the price of current or next new launch? If yes, do you think buying an over inflated DIBS pricing property now will have risk of not able to sell it easy later?
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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.
AVFAN
post Jun 25 2013, 07:31 PM

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QUOTE(cheahcw2003 @ Jun 25 2013, 07:05 PM)
I would say if BNM remove DIBS, it wont make much different, except it may filter out those investors/flippers with tight cash flow.
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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. tongue.gif




 

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