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).

source?

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.”

yup, BLR affect those too?

DIBS interest is factored into selling price i.e bank loan.

I heard there will have one more round on early of next year... if increase 0.25% for 3 times, that will be 0.75%

For RM300k loan (30 yrs), the repayment will increase from RM 1040 to RM 1225
Total interest rate increase from 360k to 425k, that would be extra 60k..

Most of this joint target for gen y and gen x...only them willing to spend money like no tomorrow and they are
the biggest consumer.
Sooner later when people no longer afford buy property they will shift the purchase to fancy car and spend more on lifestyle.Mentality for them is when u earn hard u must spend hard..no money then use credit card first

Yup...those gamblers is no different than those gamblers in genting casino. No pity them if they fall out...

oh.. property market down is negative news.. no papers will want to post the same.. neither any sponsors want to do the same.. if property advertisement to sell of course big cover

you need read and pick carefully the papers.. actually wasting my time only.. jokers you trying to be funny... you know this all the while..

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.......

1 million drop to 900k.....

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

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...

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?

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....

but buying spree does not seems to be dying down... still many ppl ballot for new projects...

i wonder come 2016 and 2017 when so many supplies coming in how the market will be..

shall i wait ?

Anyway it sound like good news about BLR will not increase another 25 basis point at september
http://www.malaysia-chronicle.com/index.ph...3#axzz38GqZao3O

hmm... does it imply those stickers on the board are fake?