10 years ago...when I working as a clerk in auction firm.. I heard alot of investor is talking about bubble will burst when the time come.. that time will be a good time to buy property.... I remember that time... 300k can get a landed property around cheras, pj area...
then i wait and wait... until now... i never see any so call bubble will burst at anytime... and 300k now cannot even buy a condominium.
Now... without a million, there is no way to owe a landed property in KL area... not even in PJ neither..
Honestly do we still want to wait? wait until when? still wait for bubble burst?
and end of the day... u may not even owe a single property...

Thanks Tigerr... that the fact. Well, just assume those dream come true. and we look at the scenario during economic crises in Hong Kong during the time where property bubble burst.
During the economic crises, do you think we have cash to buy property during that time? Too many dream and waiting is not really worth lol.. and end of the day. you may not even owe a single property...
Honestly, now! if you manage to see property of your wish.. why wait... and my advise is don't wait... grab it..because the price keep on going up.

10 years ago...when I working as a clerk in auction firm.. I heard alot of investor is talking about bubble will burst when the time come.. that time will be a good time to buy property.... I remember that time... 300k can get a landed property around cheras, pj area...
then i wait and wait... until now... i never see any so call bubble will burst at anytime... and 300k now cannot even buy a condominium.
Now... without a million, there is no way to owe a landed property in KL area... not even in PJ neither..
Honestly do we still want to wait? wait until when? still wait for bubble burst?
and end of the day... u may not even owe a single property...

If you look at the price to income ratio of asian cities, HK, Shanghai and Beijing are all in the high 20s or low 30s.  KL ratio? Only 9.35.....(Singapore 21, while JB is 13)

We are so far away from a bubble.......

Well, that time RM300k is still reasonable that's why cannot drop. But since you say now landed is million, and its out of reach of mostly KV people, do you think it is not bubble?

So 10 years ago bubble no burst. And now inflating bigger for another 10 years. So what you think will happen when such bubble burst? 

1 million drop to 900k.....

Wah don't la. Later got people shoot you comparing Malaysia with HK, Shanghai and Beijing. Hahaha...

Even Singapore 21, the house price is softening already. Cannot take it oredi.

With Malaysia sibeh lousy, sure worse liao. 

Softening is not bubble burst mah....price drop 5-10% is ok.  Bubble burst means drop more than 20%, and result in foreclosure.  In the case of HK in 1997/2003, it was close to 50% leh....

So, whats the big deal if property price drop 5-10%? Bank still won't call loan, people still won't panic.....just not making money

No big deal meh? Sad la. 

good point... agreed.... somehow do you really want bubble to happen???

Than my suggestion is you wait until the bubble comes.. and that time the property worth more than a million you still cannot affort to owe it..

well.. as Malaysia is moving toward those country.. why not.. we compare...

it is.. condo nowadays also cost Million per unit... sound like killing me... sell my body also cannot buy property... it seen like only rich man man manage to secure property..

Sad la.  But I have seen worse before.  When property got foreclose, that is really really sad......

Many of my HK friends are still reeling their wounds from the 2003 SARS..... its no joke when they say that many of them were thinking about committing suicide...

We are so lucky..at least I have never thought of committing suicide, I have only thought about murdering the guy doing the renovation...at least not me that is dying ma

Why KLIBOR better? can elaborate? and how prime financing rate works?
Trying to understand.. i jst think maybe bank may absorb then rates will be still 4.4%. i remember last time bank absorb that why we see blr minus package...

KLIBOR change rate every 3 months.

When it drop, we save money. When it rise, we lose money.

KLIBOR better because Banker said that KLIBOR most of the time is drop.

But do you believe banker?

Bank want to earn your money wei.

But now interest rate on a rising trend wo... possible another hike...

i just think so much competition... maybe bank will absorb 25bps hike to keep rate at 4.4%.

But so far no news yet... any loan agents taikor can advice?

Yalar... KLIBOR good is only talk from Bank la.

And bank cannot absord 25bps because Bank Negara will kill the bank. Bank Negara want interest to rise la. If Bank absord, that means fighting with Bank Negara already.

somehow you have no choice.. cause by 2015, all bank will use KLIBOR as their new framework for us to applied home loan...
if it is good because it is more transparent and we can base on the KLIBOR rate we can  negotiate with the bank which is the best for us. and somemore BLR will replace by something PFR.... and this PFR will be quiet similar with KLIBOR also...
if u ask better, I still think KLIBOR>..

aiya... gov also say cannot give dibs la... many developers also give DISS wat...

How bnm can effectively control the banks not to absorb...

anyway i agree that bnm actually keep a close eyes... cos if the developers and bankers try to against to rules through lope holes and grey zone.. they will impose more rules...

do you all think investor-friendly era will end soon??

KLIBOR rate is fix.. but we can also negotiate with bank about K + 1% or 1.25% or etc... which is the rate that we can nego...  Although KLIBOR rate always change but it goes up steadily and will not increase over night.. like for example -Jul BLR immediately increased  0.25% after BNM announced that OPR had increase 25 basis point...but u can see KLIBOR didnot hike up so terrible like BLR....