The posts seem to only emphasize on DIBS. Don't forget this alone is not adequate. The other parts are discount and rebates. But the question is whether can bank negara control discount and rebate? Maybe they just make sure loans are computed after discount or rebate. That will be the way to go about the problem.

That's why I say control DIBS alone is not enough.

They must got some ways to control the discount.

But discount cannot be controlled. As any business entities, they can give any amount of discount they so wishes.

But perhaps they can control the loan amount - make sure it is calculated after discounts/rebates.

This post has been edited by puchongite: Jun 25 2013, 09:23 AM

Just some concluding words on this.

If Bank Negara is just looking at DIBS to curb the growth, then I say it's just pura-pura only. The real intention to do something effective is not there.

Lips service.

All the banks know how effective is this. And they currently pretend unaware of the discount/rebates given to the buyers. Pretend only.

And also Bank Negara has not demonstrated it's seriousness on this.

If Bank Negara wants to come down hard upon the banks, I am sure the banks cannot claim that they are unaware of the discounts given to the buyers. In this world, pretending unaware of the regulation or the laws does not give you a permit to do illegal things.

We have to go down the fundamentals, what's the reason to curb property market growth ?

As far as the economy is concerned, if everyone is just so filthy rich, there is no reason to stop people from buying properties !!! If people are cash rich, we should ENCOURAGE them to buy.

Then from social welfare point of view, the government can implement other measures for the less rich people to own a place to stay.