1/3 rule no longer being used nowadays... forget it... some banks can lend up to 75% of nett income... i applied a loan with a few banks few months ago... they told me... ppl can leverage higher than before... no need 5 figures income also can buy a 1M property... try ask the banker yourself to verify.

Wat i think n wat u think its not important. Important is wat the bank think. Ask bank y nowadays they approve up to 75% income.  ppl want to flip. Then flip at own risk. Dont blame the bank. U r in control of your finance.

not when you are earning rm30k or rm50k or higher 

Let me share some of my property investments so far. Turned 28 this year and thought that I had enough of renting and paying for other peoples dreams. I decided to invest in my own dreams!
2013 - This is the year I BUYBUYBUY after many years of hard work and savings.Bought a condo in Mont Kiara for about 900k,then another studio in Mont Kiara also for about 600k.

With all the Bank Negara restrictions,it was one hell of a struggle to get loans. But finally got the 90% loans required after being rejected by many banks.As it was my first 2 properties , it was easier for the banks to look at my application.

Luckily for me my DSR was only 45% which was well below the limit of 80%.I found out that maintaining a clean record in your CCRIS is so damn important!

Anyway, 2 properties in a year is enough for me...but more to come in 2014!!

Reverse calculation

1.5M loan 90% would 1.35M. Monthly installment around 6.75k if 30 years loan. DSR 45% so nett salary is around 15k. So gross salary would be around 22k. Very geng for 28 year old to earn that much and also bought 1.5M property.

tips is buy low sell high

then dont buy and pray for recession.