You have the experience and you have a point there. No matter what, we have to be prepared for the worst. But right now we are talking about prices which is way beyong affordability. It is different as maybe when you bough properties, prices we were talking would be around Rm100k to 300k. Now we are looking at around Rm600 to >RM1 Mill in prices. Could you imagine if one were to be so highly in debt for example, servicing a Rm1Mil Loan and that someone were to loose his source of income? Its not that the Rm1 Mil loan would be so easily servicable. Nowadays, our salaries are of the same amount 10 years back. But properties prices has increased ten folds. So would it be advisable to just buy what you need and definately buy within your means so that even if the economy goes down, you could still afford to service your loan and not become a bankrupt.

The main question again is, is it the right time or not to buy now. Times now are properties prices at at the peak (at the moment), Economy hsas slowed down tremendously, Government and leaders has no apparent idea what they could be doing to improve our countries' economy and the worse part is banks are getting very stringent on their loans with the high NPLs.

You have the experience and you have a point there. No matter what, we have to be prepared for the worst. But right now we are talking about prices which is way beyong affordability. It is different as maybe when you bough properties, prices we were talking would be around Rm100k to 300k. Now we are looking at around Rm600 to >RM1 Mill in prices. Could you imagine if one were to be so highly in debt for example, servicing a Rm1Mil Loan and that someone were to loose his source of income? Its not that the Rm1 Mil loan would be so easily servicable. Nowadays, our salaries are of the same amount 10 years back. But properties prices has increased ten folds. So would it be advisable to just buy what you need and definately buy within your means so that even if the economy goes down, you could still afford to service your loan and not become a bankrupt.

The main question again is, is it the right time or not to buy now. Times now are properties prices at at the peak (at the moment), Economy hsas slowed down tremendously, Government and leaders has no apparent idea what they could be doing to improve our countries' economy and the worse part is banks are getting very stringent on their loans with the high NPLs.

Your salary is the same now as 10years ago? Really? Even Indon maid earned more in Malaysia compared to 10 years ago.
Also I wonder what residential property increased 10x over 10years in Malaysia

Economy hsas slowed down tremendously, Government and leaders has no apparent idea what they could be doing to improve our countries' economy and the worse part is banks are getting very stringent on their loans with the high NPLs.

p/s: the banking sector predicted 2014 OPR will go up from current 3% to 3.5%. i presume BLR to raise above 7.7%.

seriously to be honest if you are to do the same job for rest of your life. u be paid the same amount or lesser even for years to come. basically it comes down to demand and supply. if the company willing to keep u. that's fine, consider yourself lucky. when they opt for automation u are consider redundant and out of the job. basically it comes down to one's own mindset.

when you see yourself doing above more than you are paid, keep learning and improving. the company management does not give a damn about been appreciative to your efford. instead of finding justification to brainwash you into thinking this is what u deserved. henceby taking all your credits to promote themselves. to keep their jobs safe. dumping their workload on you taking things easy themselves. it's your own wisdom and decision either to move out for better prospect. or perhaps stay down being obedient under suppression.

that would be a killing... no meh?

even from current BLR 6.6% to 7% already a massive raise!

that would be a killing... no meh?

even from current BLR 6.6% to 7% already a massive raise!

this is anticipated by major banker. eitherway it's BNM decision give way to them or the rakyat.

No offence in all time , I'm personally thinking of the top5 property talk ddd campers in this forum , actually is the 1 who going to flip the most -.-a

Money market is flushed with excess funds. Bank Negara has to intervene to stabilise the OPR. If there is no artificial intervention, interest rates should come down instead of the expected increase in 2014. The policy curbing property market is affecting the loan market. Inflation has also affected people from spending unnecessarily hence causing less loan and credit being extended. Banks now have too much money. But the banks still maintain the BLR which should have come down if everything works in accordance to free market.

Banks are short-changing us. They go out of the way to give new loans at -2.xx% instead of adjusting the BLR, so that their margins are not affected on the old loans. And business loans are still at BLR + x.xx%. If the banks adjust BLR based on the market rate, then the banks will earn less than otherwise would be in an non-manipulated market

Malaysian banking system is still lacking compare to the advanced country banking system. While FD rate has come down from 4.xx% to 3.x in the past 1 year, BLR should have come down correspondingly by at least 50 basis point.

i don't think it come down. if you average up the figures. the BLR stand at 2.995% which still the same 3.0% currently. this why BLR still stood at 6.6%.

any increase of decrease of BLR are dictated by overall OPR movement. the profit and lost are also taken to consideration. so the financial institution can keep afloat.

Yes it didn't come down. That is all because BNM wants to maintain it by intervening the market. That is what the link is saying.

Whereas the FD rates has come down from 4.xx% to 3.xx%. Clearly indicating banks has too much money in the market. And the banks taking cheaper deposits while lending at same BLR, they are making even more money 

as previous posting 3.6% set aside for bank operational cost. with profit margin of 0.6%. if they give BLR (6.6%) - 2.4% = 4.2%

make sense FD went down to 3.xx% as u said. we know low FD discourages savers. if they banks give u better FD rate. hence why banks must charge more for loans. there has to be a balance which BNM are to moderate. however stiff competition among banks are good too for consumers.

No lah. When FD at 4.xx%, housing loan is BLR - 2.xx%. Credit card loan at 18%pa. Car loan (new car) 2.x%-3.x%

Now FD at 3.xx%, housing loan still same rate. Credit card also same rate. Car loan also same rate. Bank's margin is larger

Now bank's loan affected by rulings. Inflation affect spending. Banks got excess money. BNM has to absorb the excess. That is what the link I provided is saying. So that BNM's OPR is maintained at ~3%. If BNM don't intervene and let market decide the rate, BLR should have come down. Along the way, banks make more money. That is what my friend's quote says.