we wishes BNM not to raise the BLR nor delaying it.

when times are desperate and there are shortage in cashflow. BLR increase is beneficial. in a way they banks increase their cash reserve for loans. it encourages saving when ppl knows bank are offering good FD at 7% - 10% per annum. in order for banks to repay their depositors with sustainable profits. they needed to charge higher lending rate on loans more than FD rates.

2014 is bad year most ppl will be tightening their belts due to many uncertainties. well drastic measures comes to drastic action. eventually BNM will increase the BLR due to preassure from many quarters.

so it boils down to how the ruling govt manage the nation financial affairs. with the ever increase in cost and the drastic need to supplement budget. this is danger for house owner, businesses and investors.

the thing is when the owner cannot paid up. they financial sectors involved have rights to forclose their properties/commercial premises and sub-sale with auction. ppl will get laid off from thier jobs. multinational companies will move away from our beloved malaysia. more bankcruptcy that comes along with NPL that inturn affect the banking sectors ans socio economics of the nation.

it is also an acid test for najib's administration. hence we should look forward what's next in 2014. the discussion should be base on current real time issue how it will eventually affect us all.

Sgd 2.6. Hav u make a move??? In fact I did. Anytime is a gd time to buy currency. I started bout 10 yrs ago. So I'm pretty happy to hav sgd even at 3.5. Huat ar.

Btw, anytime is a gd time to buy prop too. I started 20yrs ago. Tats y I ll b happy if prop hav another round of boom. BLR increase??? Np la. More than half of the props r settled with rental >10% on cost price.  Best 1 slightly >20%. New 1 of cos not so high but it's taken care of by rental in the whole portfolio.

Bro, no need to b afraid of Econ up or down. Trust urself, do it ur way. U ll feel beta if u dun think too much. 

And tat doesn't mean u can do silly thingy la. 

Boss to answer some of ur Q, yes I ll stil buy props similar to my previous purchase 20 yrs ago. In fact I did for the factory next to my biz add and tat answered ur next Q. Econ down not necessarily put u on grd if u r well prepared. Biz slowdown is a norm as I have been thru 97, 02, 07. Biz itself went thru even 84. So gd or bad u need to overcome. And actually u learn to defend it after every crisis. If one is not ready for it, the onli word to tell is sorry.

I'm practising buying props every now n then. It might not b accurate to follow my pov of buying even during bad time but it does proved a bargain buy for 3 of my 97 purchase n 2 of my 07 purchase. Hard to get loan but higher down payment does help. In fact with lower down payment now u ll find it scary to service the installments cos the figures r much higher and if u look carefully the interest part is not encouraging. So advance payment is a must with discipline to make sure the tenure is shorten. Tats my 2 cents.

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.