Yes i understand. My thought d same, but opposition is almost half in d parliament, they cant use epf for their personal use anymore without anybody knowing it. Becuase any kind of wrong bailout signals will depress the market. Gov should know this. BNM cant play hanky panky, believe they will be stern because financial institution is govern by international law, with basel and stuff.

I m newbie in property....

People suggest government to raise interest rate to reduce speculation... But, then these people also mentioned that property buble is forming...[/B] Do rise of interest rate speeden up the property bubble ? Will our government do that ?

It's a fact Malaysia household debt is increasing.(NEW HIGH) With the rise of interest rate, can they continue serve the debt ?

Personally, I think property price now is insane... I really hope for a market adjustment. But, will market react the way I think.... I don't know...

I don't hope property market to be collapsed, that means Malaysia in big trouble lo. Economy recession ?? Who wan this?

int rate rise of 0.5-1% won't do much to reduce speculation. incr rpgt back to 30% will.

several new articles here to read on the "bubble" subject:
http://www.kinibiz.com/story/issues/40319/...e-building.html

about int rates, i think gomen is under great pressure to raise rates but that will have big consequences for everything, not just prop. tat's why been resisting. caught between a rock and a hard place.

the trouble now rm is at 15 yr low against sgd, 3 yr low against usd, going lower against many other major curr. gomen debt borrowing costs going higher and higher.
http://www.todayonline.com/business/ringgi...gapore-dollar-0


much of our food, among other essentials, is imported, how can people esp the low to mid income not suffer from skyrocketing food prices if the curr is weak? chicken also become luxury meat. still got money to buy house?

LOL ya i can see that...
my colls were just talking about...if we dont buy now we will never be able to buy....
then i said, yes but must buy within budget, dun buy something u cant afford...
but they looked at me like "wer got houses within budget these days...its normal to pay 700K for a house in semenyih. Want to get cheap house...still got in ipoh. old rundown Bungalow only few mil++"
I was like

oh i tot danaharta came to save the day back in 1998?
I tot there were few lehman brothers incidents back in 1998? They had to merge the banks .....i assumes it same as lehman brothers on a smaller scale.....haha
KWSP....seriously? really.....hopefully then..

In other countries, car price is about 3 to 12 months of income and house price is about 7 years of household income. Most household debt in Malaysia are property, car and credit cards.

Believe real inflation rate is higher than official inflation rate and the most effective way to curb inflation rate is to increase bank interest rate. If U.S. QE is tapering off, bank interest rate is almost certain will rise.

High household debt is vulnerable to hike in bank interest rate. If real income doesn't keep up with inflation rate and there is a rise in interest rate, those with high household debt will face a double whammy.

What i can say is the malaysian media was very masterful in spinning issues back in 1997/98

what was the real deal back then?
Too young to know whats going on...just know few of my skoolfrens have to stop skool overnite coz parents went bankrupt....so sad.

It was a coming of age time for me as well but i do know there was more panic than what was alluded to in the press. One large firm (which i joined some years later) had to change major business strategies almost overnight to survive, rolling heads along the way. Yeah i did have friends whose parents called back from uni because business wasnt good anymore. The govt kept blaming the west for our self-induced problems and a large number of people bought that idea.

Yeah. I am talking epf can still be used, gov can just say..yeah we will use epf to nationalize banks and all income from the bank after that will be rakyats income. Same as what happened in US. EPF fund is huge. Cyprus slash deposits in banks to save their country. And we hav EPF.

US admitted that they made a mistake by not bailing out lehman. Watched "too big to fail" movie.

Yeah malaysia is different. House is actually quite comparable but cars are just crazy. Instead or complaining about property, all of us should band together and complain about car price in malaysia.
I was sitting having bukak puase with frens las week , talking about cars. One saying he wante to buy 200k worth of car. Yup, never complain about cars. Malaysians hav accepted this. Just complain about property. We should change the peoples mindset.


Cheap cars can help everybody.

Real Estate Home Appreciation - Last 12 Months
Last Updated: 7/17/2013

Home prices continued to skyrocket all around the country in May. The Northeast saw its median price rise to $269,600, up from $245,100 and up 12.3 percent from the year before.

Home prices in the Midwest increased to a median of $159,800 in May, up from $148,700 in April. Compared with May 2012, the median there was up 8.2 percent.


In the South, the median home price rose to $183,300 from $167,800 in April and jumped 15.0 percent from the previous year.


The median home price in the West climbed to $276,400 in May from $265,400 the month before. It was up 19.9 percent from one year earlier.

Comparatively, landed property in Malaysia is more expensive than in the U.S, means higher standard living than the U.S

The above article refers to housing price in the US.

Now i am doing car comparison. Bear with me here.

Let's say a house in US is 200k usd. A toyoto camry is around 20k usd. You need to exchange 10 toyota for 1 house.

Let's say malaysia. A house is 500k RM. A toyoto camry is 100k RM. You need to exchange 5 toyota for 1 house.

You guys see what i am getting here? People still buy cars even cars in malaysia are exorbitantly priced.

And foe expat who wants to live in malaysia as 2nd housing scheme.
Goverment of malaysia hav this policy that this expat can buy car in malaysia tax free.
Can u believe it? They like to torture their own citizens but the gwailos can have it cheap. Our government are just idiots.

This post has been edited by AmayaBumibuyer: Jul 30 2013, 01:19 PM

I think this is the whole of US. If you want to compare klang valley, then maybe u hav to compate with new york. And new york prices are crazy. You guys can google it urself.

I mean u hav to in malaysia, we still hav affordable ones in kedah, kelantan, terengganu etc etc..

Or there is room for house price to double to worth 10 Toyota!

if epf comes n save the day and lets say sailang all $$$ in there...who going save us when we retire (or the current ones that are going to retire)?
Btw i tot epf $$ cannot simply use geh?

you can always buy 2nd hand card under 20k. you have the choice to do that. If still cannot afford one can buy motobike. pay 4k installment for 10 years.

But do you have a choice to buy a house say under 100k?. No because we cannot find this price anymore. developers also seems only build and targetting high end market. Now 1000psf seem to be the normal price for the developers.

So i dont think cars price is the issue now. The issue is the house price

Thankie for the info!

Of course cannot but if gov wants we cant do much and if it there is no choice, what to do.