don't worry ... party still on bros ...

Cheers

yup...still on...now can start shopping for subsale

sure at friendly price... hahaha

so BLR will naik to 6.85%? starting when?

2moro or latest by monday

Are you sure it will be 6.85% pa???? Could be more though since it is determined by Bank.

With further mergers of Banks, competition will become less.

these banks is not profiting... use better f\phrase is called merger.. actually merger refers to companies of equal strength, money and influence... these banks merge or take over are weak and got financial problem one..

where got share holder like to merge one... once merge share dilution, meaning smaller power in board of shareholders.. dividen also lower..

haizzz... our moneis , fd , investments...haizzz

dear guys.. (ZK,MU,BBW, SH) can give example for residential property rental .. how to brainwash tenants hehehe

my opinion is residential mass units i.e condos, service apartment and landed prices are still below 1 million median price is around 400k to 600k, with this, the said interest rates even after September were merely on RM200 monthly taking 500k..

rm200 extra you can choose either swallowing it, getting lesser profit which is highly unlikely.. or increase the rental another RM200 to compensate the increase but run the risk of tenants going off.. even thou you break down to 3 tenants around RM70 per person assuming 3 room apartments/condos, the tenants will face increase in foods such as business renting are taking more rentals after owners need to service higher interest..

as such, tenants may just opt to other units which is cheaper, given the mass units of high rise which all are competitive with LRT, MRT, LRT extension, KTm, all investors will be renting the standard price anyway everywhere as long as there are these along..

so matter of choice and living cost.. car loans might be affected too, personal loans, constructions loans, renovation loans..

my 2 cents..or try increase 100 and swallow 100, that is reasonable.. but for older properties especially those below 400k BOUGHT pre 2010, this effect are not severe, worse they just swallow with lower profit, these older prop rental yields can cover loans, other than this rental yields if (rented) also cant cover loans and further burden by increase in interest...

couple with GST coming in, which surely cost increase across the board, tenants/buyers are cautious, waiting scene for purchase are sure to come all the way

So when is property bubble bursting?

Where is the Bomoh?

increasing mean, rental increasing, property price increase.. subsale expensive wow bro~!

Finally... sigh

a quick question

if under con property have DIBS, will the increase in interest rate affect the purchaser during the construction period (i.e. serving interests).

Nope. It won't affect purchaser. But if the developer is small one, it will go bankrupt and your property will never be built finish. Bank will start come find you after the developer lari and ask you to serve loan. Let's say if the property is 70% finish, you need to serve 70% of the loan per month until someone take over.

Confirmed. BLR & FD naik 0.25%

source?

source?

https://forum.lowyat.net/topic/3282465

Link please.. hehe.. now we wait september... 2 months count down..

btw blr increase 6.85% we still get minus 2.4% or more?

No announcement yet. Just got it from the bank internal meeting