Bull run is people over react on upward trend, when price on downward trend, people will also over react. Gold is an example.

Then i can tell u a 100% certain that the bank has breached BNM guidelines. When BNM warns bank, that means the bank is in trouble. They will definitely be penalized by the bank. No such thing when BNM warns a bank and the bank will do nothing. No waay! If what that guy say is true of course. But i have been wit two banks, there is no way somebody can get 110% loan, unless it just a banana on fire kind of news. Cannot be believe one. Unless that guy has political connection, try and report to BNM, i assure u that the Banks CEO will have sleepless nights.

Well if u meet the guy again, tell us which bank it is.

Thats advertised only. Nobody is selling at exact 500k. Well, last time offer from a buyer was 510k. Hmm need to meet the agent again.

Wow 3 days banned ended.. who complaint.. talking peoperty price also got banned.. market getting serious already

haizz.. I saw a forumer here already refined his theory to include economic turnmoil and/or more restricted cooling measures implemented to warrant a price drop.. what are the the so called effective measures that cause drop in singapore and china?

Not different but the loans wil accumulate. Then he apply housing loan and the guy breach his incomw threshold like overstretch himself, and if BNM finds out, that bank will be trouble...well the guy handling it in d bank at least. Then BNM will investigate further..then they find out this is not one case but the bank has given lots of loan that overstrecth the credit of the borrowers...i shudder to think what would happen if it was me.

One good thing about BNM compared to other gov agencies like puspakom, pdrm, even sprm is that BNM cannot be bribed by people.

This is SOP only. If nobody report, BNM, Bank, developer, buyer, lawyer all keep quiet 

Alamak dont ask me this question laa..malas to think. I dont do interest i work in islamic bank..hahahaha. So seriously i dunno if it is illegal or not. Islamic bank, that is definitely illegal, and if BNM finds out, as an islamic bank, u r defintely screwed.

Sorry amaya bank negara.. is not dat good.. you see tye gold issue.. gold label..  m8d valley there.. many ppl file receipts only to make claim.. many burned in investment.. all investors all in.. 100k.. 200k.. joint 500k.. monthly promised 5% return.. dat is 5k monthly.. they enjoy 4 montys.. then bank nwgara cime seize and freze accounts.. but left 20% money invested everyting else gone..

Gov on the other side want to telan / forfeit 20% leaving nothing to investors.. haizz.. on going battle..

all these investors are  gullible..  holding a receipt safe keeping from cirtis cisco singapore storage anyone heard b4?

Nope..i believe it is administrative fee and it cannot be compounded.

Income didn't increase at this pace, if these buyers are not over reacting, what is?

Income didn't increase at this pace, if these buyers are not over reacting, what is?
90% loan, 6-7% rebate, dibs, etc has lower barrier entry than playing stock contra.

Unless the property is fully paid off or has little loan else holding on incur negative cash flow.
Politicians love growing economic bubble even if it is unsustainable. BNM may have smart people but can they override the not so smart political masters?

Sure or not? What about those projects that "sold out" or 80% sold out at launch? Even during sales at MV, it is rarely that products are sold out in the first few days.

It is not unknown that banks accepted unverified or "future/proforma" rental income/tenancy agreement as borrowers supplement income.

Bear bear
Don't keep mentioning 490k, it's already became history, you won't be able to get this price anymore

That area will be good for sure, velocity will definitely change the environment, MRT station, and very near to city center.
Any news about ikea?

Ikea bring ong-ness mah, see how it transforms D' Perdana.

Joint purchase was not available previously? If a couples couldn't save enough for downpayment likely means they may not have surplus cash after expenses. Low entry cost + dibs unit have a higher loan installments, means these couples are over stretched.
Before U.S, E.U economy crisis in 2008, how many people question the banks? Bnm may be strict and clean but can bnm override those incompetent political masters?
If one worked closely with banks will know how much bank policy is influenced by sentiments.  Given what had happened in the u.s and e.u, bankers are people, they are not un erring and could miscalculated.

No doubt banks will approve the loan under current guidelines. However, with $84k annual income and don't have a habit or cash left over to save 24k a year will find monthly loan repayment over stretched.

If they are your competitors, they are over stretched and likely to default if interest rate increased by over 2 %. It won't be too late to pick dead chicken from them.

not really.. if you lay down the cost of the following:

a)2 cars, (minimum Myvi, 1.4k, if vios 1.8k)
b) petrol ( 700 both cars)
c) insurance cars ( yearly both cars 1.2 k.. monthly around rm100)
d) insurance medical cards ( for both monthly cheapest 130 per person, both 260)
e)food ( calculating on an average of RM 20 perday i.e breakfast rm4, lunch & dinner rm16,
  so 21 working days= RM420
  balance 9 or 10 days (weekends)= rrm280, assuming RM35 per day
  total per person basic only= 700 per person
  so 2 persons minimum 1.4 k monthly
f) parents money minimum 500 (both)
g) entertainment ( movies, GSC normal halls minimim RM14 per person,  assuming per week 1 watch total 1 time 1 week, RM112)
h) internet bills, water bills, electricity bills= 140 + 40 + 160 (with air corn)=360
i) telephone bills + data plans if any = 88 X2 =180
j) credit cards ( 3 pieces), spending on clothings.. shoe.. socks= RM500 (BOTH)
k) car repairs, service ( RM200)
l) health supplements ( forever living, amway, and etc) monthly both = RM100
m) ladies shampoos, masks, toners, and etc= RM100
n) etc = rm200
o) SAVINGS =0

so, all in all a+b+c+.....n= 1800+ 700+ 100+260+ 1400+ 500+112+ 360+ 180+ 500+ 200+ 100+ 100 +200
=6512.00

So monthly 10k to 12 k gross, nett 8,900 or 10, 680.. minus PCB,sosco..8600 or 10k nett..

dude this is joint salary nett 8600 to 10k on an JOINT of RM10K to RM 12K

so nett joint salary -  joint expenses =
A)2,088 ( 8600-6512) OR
B) 3,488 ( 10K -6512)

so if situation A were used to take up a loan 500k... 90% finance margin.. they have no savings or even e xtra money for the month.. this also can be done if these joint buyers has more than 80k at least as deposits and legal fees..and bare in mind 500k.. almost cant buy anything new especially flipped priced..this price ah.. apartment or at best service apartment (have to pay maintenance).. WAY TO GO for middle class... apartment

situation B would be slightlybetter.. they can buy /qualify palm walk 3 750k.. monthly repayment 3k plus maximum stretched and with at least 100k as deposit and legal fees..

based on both.. you guys still want to rise the house prices upwards... we shall see which pools of buyers are left if property shoot above 750k... if i miss out anyting anyone can correct please... TQ