No wonder for the past 1 month or so, there's huge marketing by those 2nd hand car dealer & also not forgetting those Recon foreign cars dealers/companies. Low downpayment, free gift, free service etc.

no, there's another one, which can win house. lol

Wah.. Really..?? Close shop also..?
But I think second car dealers have made a lot of money since the first Proton Iswara
was launched more than 30 years ago..
Wing Water is always rotating lah...

Agree, can use cash to buy car or property while can enjoy high interest rate.
So in this current Malaysia situation, cash is king..?

This post has been edited by BoomChaCha: Jul 11 2014, 06:10 PM

that was HLB la

wana win house use their debit card la, Rm100 = 10 entries

fd Rm10k only 10 entries

Ops, thanks for clarifying. got confused.

I really hope the increase of OPR can make the property market price drop and let the
property speculators suffer from loss.

Recently all new property developers that without experience also come to this industry to
built new condos just like no need to use capital.

https://www.hlb.com.my/main/promotion/20140...-002-win-a-home

Not only that, all of a sudden, I see many shops which were to let in SS2 suddenly got takers through the past month. Business owner rushing to get their loans approved.

property is kinda expensive now. I also hope the price would drop

Bro, in regards to property prices read the link below:

http://www.thestar.com.my/News/Nation/2014...est-says-agent/

Anyway Bro, very hard for landed property price to drop significantly, even in bad times, property price will maintain (e.g. 1997-1999 and 2009-2010). But it good times, property price sky rocket.

FD Promo rates have been on the increase even before the increased in OPR. Now what we must observe is - are the banks going to increase FD board rates.

everyone seem to be "expert" on OPR, rushing to get loans approve b4 the BNM meeting

Captain, When OPR increase, do the banks have the right not to increase their FD board rates?
Isn't this to be against the law?

An increase of 0.25% in the overnight policy rate (OPR) will not have a significant impact on borrowers for low-cost and affordable housing priced between RM45,000 and RM450,000 said a senior executive of a real estate agency.



Sorry for OT

This post has been edited by davinz18: Jul 11 2014, 06:57 PM

This plan does not have any sincerity at all.
It is very difficult to find condo below RM 450,000.00 now.

Just like free electricity if use less than RM 20 per month.
How to use less than RM 20 of electricity per month?
Unless I live in a cave all my myself, then this is possible la..

Thanks for the info...

This post has been edited by BoomChaCha: Jul 11 2014, 07:04 PM

since when any local mainstream banker/valuer/dev spokesperson ever says prop price will go down?

i personally do not see prices coming down anytime soon, but... if buying to speculate, pls think again... no point if house/condo prices go up 3-4% a year....

Hoping by end of next week the new FD board rate & even FD promos will take effect as I am having an FD maturing by then.

last month, i checked hlb, nothing interesting.

will check next week, see if they hv anything good, like.... yes....the last hlb jr promo... nice!

with majority of bursa recent ipo's poised to go below ipo price, better stay safe with around 4% fd rates!

This post has been edited by AVFAN: Jul 11 2014, 07:18 PM

I read from Chinese Press's Finance section:
After CIMB, RHB, and MBSB, some economics predict May Bank will merge
with Public Bank. AFG (stock quote 2488) will merge with BIMB (stock quote 5258).

it's hard to see PBB merging with MBB unless old man Teh greenlights it. Ditto for AFG & BIMB. But then again this is M'sia!!!

Bro, it which country does the law says the banks must increase housing loan and or FD board interest rates when there is an increase in OPR and vice-versa? It is up to individual banks to offer whatever rates they want, e.g. Affin versus other banks.

This post has been edited by Gen-X: Jul 11 2014, 08:53 PM