First time buyer.

Buy near the lrt or mrt & u will not go wrong..

What had this news do with properties bubble ?
Please post it to SP Setia project thread or start a new thread.

still overwhelming respone.

http://m.todayonline.com//singapore/all-28...d-out-first-day

Ya I always spread false information, but I think I manage to fool you only 

Boss 10k gross your take home pay is only 7.9K, u still have to pay taxes...

Foreigner RPGT for the 1st 5 years = 30%. 6th year onwards = 5%. Foreigner can only sell to foreigner.

No festive feeling in this thread. CNY pun nak marah marah...

Regardless of what you guys say in this forum, it is business as usual in the reality world. Presumption: 89% of property buyers out there have not heard of "PropertyTalk @ Lowyat" (sarcastically, many do not know accetera owned hundreds of property threads here).

Just listened to melody fm radio news regarding property in MAL. Foreseen second half of the yr demand will be better due to market need some time ( first half of yr) to absorb government policy. Foreseen house price won't drop due to average holding power of buyers still very strong in the market. Wat do you think?

** appreciation comments with justified statement.

Tq

More negative. So wat is the impact u predict ? Demand ? price ? Up ? Down or stagnant?
The radio news is demand slow, price won't drop coz average holding power still very strong.
So, will u let go property with cut margin or hold property till meet ur expectation price ?

Shift to Klse hmm. Little bit diff with me. I won't shift to share so fast. In property will shift to land n will keep some cash for share. Coz i predict crisis will from USA share. Ringgit will further depreciation. Need to diversify.

When ringgit depreciates, we have imported inflation. With inflation comes higher cost of building which translates to higher property prices and hence if you own property now, you are hedged.

i think Cherroy explained vr well, as well as how to classify doubtful loan.

I know accounting std as well, but i think better to be humble and learn for master. 

cherroy never mentioned margin call, its me

what iceman mentioned earlier was totally wrong. thats all

read the entire conversation u will know what we were talking about.

i am accountant 

from what u explained just now, i doubt that u are auditor...

Fair value accounting rules only applied when the bank is holding the asset.
A property collateral loan, the value is based on loan, not property in the bank book.
Banks do not own the property at this stage.

If a loan is seviced on time, aka the loan is paid on time, (which is non-npl) disregards the borrower property previously valued at 800k, now become 500k, the loan amount still 800k, and bank still register 800k in the balance sheet as asset.

Insufficient collateral (500K value vs 800K) loan is another issue to deal with, not related to balance sheet until the bank foreclose and holding the property directly whereby fair value accounting start to apply on the property value.

Fundamentally, if a loan is serviced on time, bank won't classify as NPL, disregard the property or collateral is unde! rwater or not, and bank will register the loan amount figure as asset in the balance sheet.
Only if the loan start become dubious aka cannot be serviced, then NPL issue start to incur, and NPL is one of fair value accounting issue, aka