Sometimes there are some "inexperience" property investors asking me to look for corner shop which rented to bank.
Investor : "I like corner shop, shop can rent to bank"
Me : "ya, good. Everyone also knows that"
Investor : "Find for me good corner which rented to bank"
Me : "wats yr target gross ROI"
Investor : "6%-8%"
Me : "Good, if I found one, probably I will be the purchaser"

A corner shoplot facing main road which rented to bank for 15K/mth wd probably asking for > 5.4 mil easily

Agent who advertises shoplot which achieves 8% return are 99% bullshxx! Must be careful

Can't deny there are some fish that escape from the fishing net. The last paragraph of my posting you quoted I acknowledged that. #1 - #4 are illegal acts to the flippers in respect of BAFIA. For the bankers who help the flipper, it constitutes criminal breach of trust. If there are people who could risk their life to commit drug trafficking, the deceit on banks and BNM is small matter in comparison 

Many lawyers are jobless indeed

we hv huge mid class support the rental... how to drop. 

We need to know what's the income of mid class to be able to do an analysis. For me, I would think mid class is about 5-7k a month gross income. At 7k gross that would only be about 5.7k nett after tax and statutory deduction. They wouldn't go and rent a 2500/month housing. That rental is 43% of their nett salary.

And the 2500/month rental is based on zero cashflow for the owner if he/she bought the property at 500,000k over 35 years of loan.

So if earning 7k can't rent a 500,000 property, then who will rent property that is newly launch at above 700k in Klang Valley? Let's ponder that deeply. I'm still wondering as well cause I for one will not spend so much $$$ on rental. Rather stay at low rental place and spend my money somewhere else.

Never doubt that there are cases that escape BAFIA and I witness some first hand myself.

P/S I am a ex banker who still keep contact with ex colleague. We always sensationalise fraud cases in banks to our friends as it is a very good story during drinking session. Especially attractive to mui mui zai who loves dramatic plots.

Alright, if double then sure can. Then the questions is, if double income, they could definitely buy a house instead of renting right? And since they can afford to buy for own stay and perhaps have also bought it already. Then who is gonna rent the rest of it from the market?

Matured areas damandara heights, sri hartamas, desa park city, TTDI, Bandar Utama, Bangsar, Kenny Heights..and several others..even when property bubble burst..how much can d landed property prices dropped in these areas? 5% ??

These were the places that went thru the 1997 and 2003 global crisis without major price downward adjustment.
I think the "save area" would be extended to some other mature area, such as Puchong, Kepong, Cheras, Sri Dsara, Sungai Buloh, SS2/3. Shah Alam landed properties where most of the landed properties are owners occupied. Owners would defend their own shelters to the death, so possibly there would be price stagnant but no transactions scenerio during the bad time,, price unlikely to drop significantly. 

The concern would be more on the fast growing and more likely oversupply area, such as Cyberjaya, Mont Kiara, Jalan Ampang row, Ara Dsara....No offence to those who have vested in this area, this is my personal observation.

No ... that's not what subprime means.
SUBPRIME in USA are category of ppl NOT qualified to get house loans. Not just bankrupt. It's bcoz banks in USA got a plan to reduce their risk from subprime borrowers with MBS (mortgage backed securities). They sell this MBS to other investors hence "transferring" the risk. With MBS, they also "average" out the risk bcoz it's a mixed of subprime and prime borrowers.

So in Msia ... are there ppl NOT qualified to get loans, getting loans. YES. They are consider SUBPRIME.
Ppl who uses  REFINANCING to buy another property with 10% downpayment. They refinance one property to buy 2 properties. And then they flip these property to make a huge profit margin. The process repeats until they are holding more and more properties. This is ONLY good when the market is in BULL mode.

Some even quit their day job doing this, living on rents. So their credit worthiness is compromised when they quit their jobs. Basically putting ALL in one basket .... Property basket. They also moved themselves frm PRIME to SUBPRIME category. The Msian banks may be prudent in their loans approval but borrowers were not. They think good times will keep rolling and property prices NEVER drop.... 

If Malaysia property crash 50%/70%, "Subprime" is still not an appropriate word to be named
IMO, correct word is "Property market bubble and crisis"

If u and yr UUU buds r confident in the market?.... I suggest ALL in la.....
Better than wasting time posting here right?

share market drop...property up or down?

if share market drop...ppl dare not buy stock...use money to buy property...so property up?

Already put laa, already got my return. I already nick my name Amaya. When ddd ask me not to put 3 years ago, i still put and wow look at my rewards.

Malaysia Household debt to GDP of 83% as at Oct 2013.
  80% "households" earn less than RM5,000 and thus can ill afford mortgages for 30 years loan on a RM500,000 property that costs RM2,460 monthly service at 4.25% interest but would cost RM3,193 a month , at prevailing base lending rate of 6.6%

  Household debt in Malaysia – Is it sustainable and healthy?
  Why S&P Cuts Outlook on Malaysia Banks on Household Debt Concern?
  Why BNM implemented so many new measurement aimed to avoiding excessive household indebtedness and to reinforce responsible lending practices by key credit providers partially the new reference rate frame work?

  These figures and actions speak louder than words.

You are right. Thats why we have to do selective buying even in a good time. But no buying at all just want to wait for bubble happen is not a good strategy. Unless you really not afford to buy a house even in a good time and expect fire sale in bubble. I still reserve my bullet for bad case scenario like bubble and make sure have enough cushion to face it.

Emm i am reaping the benefits of buying it before it increases and holding it. Yes i dont want to sell. No need when sunway velocity is 1m.

Hv to agree bubble "burst" already started since 2010, here and there, it's piling up, DDD tktt pls stay tuned, it will be yr turn to slaughter the pigs

Agree 50%, if. 650K has taker, the next transacted done at 630K, followed by 600K deal done., then this is a significant drop, we call this situation a 10% correction for that particular period, at that particular sector, location and type of property. Asking price can be any figure, but kenot be taken into consideration of mkt movement.
Btw, I 100% agree that new launch price really crazy.

+1, developer pushed their profit to maximum possible.