Pity her... how to survive in this high cost environment! Most probably she will need to work at her age in order to live!

bankruptcy is the best idea if you hold too high a debt.. after 5 years following Bank negara instructions, you can discharge from bankrupt.. but loan ability and all credit related are gone case , no bank will ever borrow or even approached you if you are a bankrupt.

No need pity her. Because we all believe she transfer to her daughters for safe keeping.

What is the impact on property? OPR increase is small on Friday.

Heard from some source that there will be another round of increase in 4th quarter

http://www.thestar.com.my/News/Nation/2014...est-says-agent/

ya

http://www.utusan.com.my/utusan/Ekonomi/20...ka-hujung-tahun

looks like US going to increase interest as well dunno how it impact Malaysia later

http://www.thestar.com.my/Business/Busines...rate-increases/

guys OCBC increasing as well:

http://www.thestar.com.my/Business/Busines...rate-increases/

This post has been edited by bearbearwong: Jul 14 2014, 11:58 AM

Thanks advise, .. so far every year increase.. tenant make noise for a while then adapt to it..like a frog

This post has been edited by cybpsych: Jul 14 2014, 04:26 PM

Doesn't matter to her then since almost time to meet her maker.

If the Bomoh cannot even find MH370, U think he can predict when market crash ?

To thier big fat pocket,

good idea, take huge loans den see if can transfer to other ppl's name.hahaha, shortcut to success!lol, but only in dream also

No worry 0.25 is peanuts. Don't get panic over petty increase. Work harder dude.
Cheers

worry my friend? come one 0.5% at max increase .. look so many ppl invested, i show portions of project in klang valley:

Expected vacant :

Semenyih- 90%
Cheras- You city- 70% Vp
Cheras- Maxim Mall & Residence- 70% above
Cheras- You Vista- 70% above
Cheras- Altitude 236- 70% above
Cheras- Vyna- 70% above
Cheras- Nine 9 Residence- 70% above
Cheras- Green Residence- 70% above
OUG Parklane- 80% above
Cheras Imperial residence- 60% above

Currently vped and vacant

Cheras green terraine- 85% vacant (post 7 months vp)
Cheras Amaya - 60% vacant (post 8 months vp)
Cheras Seri Puteri Condo- 60% vacant (post 8 months vp)
Cheras Connought avenue-30% vacant (post more than 3 years vp)
OUG-Surtera Maya -90% vacant (just vp mb 2 months)
OUG -Tiara Mutiara 1- 70% vacant ( post vp 3 months more)
Kajang-Tiara Park Homes - 80% vacant (post 5 months vp)
Kajang-Pearl Avenue- 50% vacant
Cheras- C180- 70% vacant
Cheras Pertama Residency- 70% vacant ( post vp 1 year plus)
Cheras- Mahkota Residence- 70% vp (post 7 months Vp)
Cheras- Suria Residence- Both phase 95% vp (just vp)
Cheras - Sky Vista Residence - 95% ( 1 moths post Vp)
Segambut/Kiara - Seri Putramas III- 80% Vacant ( post 3 months vp)
Setapak 222 residency- 50% vacant
List of all the PV suites (Platinum victoria)
Sg Besi Midfields 1- 50% vacant
Pandan-Axis atrium60% vacant
Pandan-Nusa Mewah Condo 100% vacant
Seri Kembangan -One South phase 1 (70% vacant) post 1 year Vp
Mont Kiara- Villa Orkid 80% vacant ( post 1 year vp)


Unknown status but launching/completing

Cheras- Cloud tree
Seri Kembangan- Dream city
Seri Kembangan- Univ 180
Seri Kembangan- SK One residence both phaase
KLCC- Star residence
KLCC- the mirage
KLCC-the residence
Seri Kembangan- Diamond Residence
Balakong- One almerin mall & residence
Balakong- the silk residence
Balakong- silk sky
Cheras- The Emeralk residence
Cheras- Pertama Residence
Sg Besi- Mid fields 2
OUG-the petalz
Old klang road- saville
Kajang- Saville @ Kajang
Pandan- 28 boulevard
KLCC- Faber Antara Condomimium
Shah Alam- Ken Rimba
OUG- the yarl residence
OUG- Tiara Mutiara 2
Bangi-Uni park
Bangi- BSP SKYPARK
Bangi- Evo ,bangi
Kajang- Symphony reisdence
Bukit Jalil- Andes
Shah Alam-Cube@ one South
OUG-Riversville
Jalan Ipoh- Lvke ville residence
Putrajaya- Shatfbury residence
KLCC-Madge Mansion
KLCC-The Mews
Mont Kiara- Icon residence
Bukit Jalil-Aurora residence
KLCC-sT mARY RESIDENCE
OUG- Serengin residence
Damansara- the Arie residence
KLCC-Suria stonar
KLCC- Dex residence
Mont Kiara -TWY
Mont Kiara- Concerto (north kaira)
Melawati- Nadayu 62
Jalan Ampang- M city
Sungai Besi- The centrina
KL- Kl gateway premium residence
Maluri-Sunway velocity- v residnesi 2
Maluri- Sunway velocity- v residnesi 1
Sungai Besi- Anyaman Residence
Padan- cENTRIO sUIT
Bangsar- saville 2 Bangsar
Kenny hills- Arata residence
Ampang- Rimbun residence
KL- Tribeca suits
Mont Kiara- Residence 22

joking ah? it is a BBB year ahead man.. Siakap Sinohong Gelama Ikan Duri, Bercakap Bohong Lama-Lama Mencuri.. mana ade BBB berpadalah pada namanya

This post has been edited by bearbearwong: Jul 14 2014, 08:08 PM

Alamak pak beruang. You kuat at defence ma'am Argentina. Mengarut betul pak in. You tak larat naik jadi penunggu la pak. Tak sabar2 nak defend. Kalau tak larat kanga mengada la pak. Cakap sama longkang la pak . Lol

karang i send Neymar pergi terus hatrick..

more depressing news on BLR increase:

http://www.thestar.com.my/Business/Busines...al-house-buyer/

An informal poll with property professionals, potential house buyers and a lender on the various issues in the property market today, including the BLR increase and lending based on gross/net selling prices and the effects on mortgage payments.

AND so the much-anticipated increase in the overnight policy rate (OPR) of 0.25% came. And with this increase, so will the base lending rate (BLR) on which mortgage rates are based, moving from the previous 6.6% to 6.85%. But this week’s increase in the BLR is not the only issue affecting the current property market.

There are other concerns, starting with the most recent. According to an informal poll with four property professionals, this increase of 0.25% is “marginal and will not impact mortgage payments significantly.”

Nevertheless, it is best not let our guard down because any increase, however small, impacts one way or another. The OPR resembles a set of tentacles that reach far into the nooks and corners of the economy – and our pockets. The OPR is the rate at which banks lend to each other.

Changes in the OPR invariably and inevitably are passed to consumers through a series of changes in the BLR of commercial banks and financial institutions, be it personal loans, mortgages and, hopefully, in the fixed deposit rates.

Henry Butcher Marketing Sdn Bhd chief operating officer Tang Chee Meng, on the current round of increase, says the Government will “not want to spook the market.”

Another round?

So the increase will be “gradual”, he says.

“Whether there will be another round later on depends on the economy,” Tang adds.

To really comprehend the significance of this round of increase on the property market, it is pertinent to consider the various anti-speculation measures imposed this year. These various measures work together to impact the market.

As it is, the various anti-speculation measures have already taken effect, as seen in the slower sales today.

Savills Rahim & Co managing director Robert Ang says: “Sales have been slow since this year. This increase in BLR will make property investors think twice. It will be translated into a higher investment cost.”

Ang says this marginal increase is “psychological”. There may be another round of increase before the end of the year, he adds.

Insignificant an increase of 0.25% may be, a total increase of 0.5% over the longer term will be significant.

Says a 40-year-old home buyer who is mulling a purchase: “I am not so bothered by this increase in BLR. I am more concerned about the goods and services tax (GST) which comes into effect next year. That will be far more painful for me, which is why I am thinking of buying now.”

Tax consultants are already holding interviews and talks on the effects of the GST on the economy. Although the residential segment of the property market is GST-exempt, there are concerns about its impact.

Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector president Siders Sittampalam advises caution.

Net and gross price

“It will have an impact on prices and value. The GST is imposed on construction materials. The whole value chain has to bear it. When the price of the final product is calculated, for example in a developer’s launch, the developer will factor in the GST that he has paid into the launching price. There is no way a developer will absorb the GST that he has paid. He will not take a hair cut.”

Siders says he expects developers to put launches on hold, which reduces supply. With the drop in supply and demand remaining the same, the price goes up.

Besides the BLR and the GST, another current issue besetting the housing market are the marketing strategies developers employ which invariably raises the price of housing over the longer term.

A property consultant who wants to remain anonymous says a package which comes with air-conditioners, electrical products like washing machines, refrigerators and “free” legal fees increases the overall house price.

“This happens in the primary market when a buyer buys from the developer. The selling price is a package comprising a discount, electrical products and legal fees. The buyer thinks the legal fees are being absorbed by the developer. In reality, all these products and fees have already been factored into the price of the house,” he says.

Based on two different examples, a condominium and a double-storey landed unit, the source says a closer examination of both reveals that the extras tend to push up prices (see chart).

“Buyers are happy when they are given a discount. But this discount is actually factored into the price of the house. In the sale and purchase agreement, the price of the house is stated as RM800,000, the gross price. He gets a loan based on this gross selling price. He will be paying less if the loan were to be based on the net selling price,” he says.

Consider scenario 1 for a double-storey house. The house is sold for RM800,000. If the free stuff and discount were to be removed, the net price is actually RM756,500, a difference of RM43,500.

The monthly mortgage payment under a BLR of 6.6%-2.4% is RM3,369. Under the new rates, it is RM3,762, a difference of RM393.

If one were to take a loan based on net selling price under the new rates, he will be paying RM206 less, that is RM3,556.

Under scenario 2, the net selling price of the house is RM797,100, a reduction of RM43,900 from its launching price of RM841,000. The monthly mortgage payment is a difference of RM207. Over a 35-year loan tenure, these differences in BLR and gross/net selling price calculations will be considerable.

The basis of selling a house based on gross price, instead of the net price, results in the next launch being priced higher. It has a snow-balling effect for subsequent launches.

He forgot DIBS interest.