Damn ... u r the man!

If you so confident rental can demand high, u go ahead and commit yourself 1 or 2 units in Mont Kiara lor....

We don't have currency like Euro to constraint us means we can just print money to pay the debt. And still the gomen practise austerity. Why? Printing money is a bad move, especially a small country like ours.

If money printing is feasible, Iceland could have printed themselves out of debt. Instead they defaulted.

U may have strong holding power but many do not. And this fact is true across all races.

I have to .... agree.

Agreed
GDP growth driven by debt which is becoming NPL (Non-Performing Loans) is useless too.
China's GDP is driven by exactly these type of debt. Sustainable debt must be supported by good asset.

Properties were good asset but oversupply of any product drives the price DOWN. Speculation/flippers were the ones driving property prices UP to ridiculous level. If you are smart, u r out of it soon before it becomes overprices. Or sell it at overprices level ... that if u found yourselves "water fishes"

My measuring factor is always monthly installment + other cost (cukai pintu etc) = rental is consider breakeven. Anything tip left or right is consider loss or profit, respectively. This is basic gauge first. After that look at scenario. Some new development will take time for rental to go up and balance the total cost. So work out the risk from there.

If we look at the current situation; rental itself is not enough to pay for monthly installment. Lets not forget maintenance, cukai taksiran etc..... Looking at how much ADDITIONAL cash needed to fork out compare to your regular income. You can estimate your HOLDING POWER at the CURRENT interest rate.

Factor in the possibility of BLR increase .... you know the PERIOD of your HOLDING POWER.

This sin chew also stupid one la .....
6.9 mill household includes father, mother and children is it? Don't they have to stay together? If that the case 6.9 mill divide by 3 lor .... so only 2.3 mill only mah ..... 4.67 mill house... oversupply de.... LoLZ

It's a dog eat dog world bro .... u snooze u lose.

I was abt to say the same thing. Increasing foreclosures in a market that hasn't pop yet.
Imagine when POP .... 50% foreclosure....

My real name is ZETI ....
Yes, I'm the Governor of Bank Negara .... hehehe...

This post has been edited by HuiChyr: Dec 31 2013, 12:26 AM

I got no problem with flippers or those who wanna hold.
Any persons who wanna take a gamble go ahead.
But don't blame other ppl when it all comes crashing down.

I also got no problem with ppl who wanna take advantage during the crash.
That's a fact of life. You are not wise with your finances, ppl who are wise will take advantage.
Rule of the Jungle.

I am just stating the facts abt economy and the boom and bust.

Being a flipper is not wrong.
U just need to be smart to get out when market is too hot ...

Exactly! In this case, political aspect comes to play.
The keep public sector happy. The only ppl they can directly pay for their votes ... legally.

AUSTERITY MEASURE by Najib:
http://www.astroawani.com/news/show/najib-...-kerajaan-27616

FED plan to taper by 10bill per month until end of 2014. So expect interest rate to increase every month.

Yup agreed....

Singaporeans, I'm not sure but Malaysians are definitely not getting more affluent. Let start with the gomen. They just started austerity measures.

THAT MY FREN ... MAKES ABSOLUTE SENSE!!!!
IF you are draining cash and the property increment does not compensate the negative cash flow over the years it's consider loss. Which makes it quite troublesome because you have to estimate when the property will pick up again and by how much.

Especially condo/apartmt that requires monthly installment.

Btw, heard from my loan agent;
Banks are decreasing the discount rate on the interest rate.
i.e 6.5% - 2.2% = 4.3%
Later 6.5% - 1.5% = 5%

I'm not sure how much they will minus the discount. THe above number is just for explanation.

Bro, wat is COCR?

Care to elaborate bro? Must you put in big cash deposit to reduce loan? Just guessing.