Yes got many... friends kena retrenched, some kena 25% pay cut, some only work 3-4 days a week pay kena cut almost half, my close relative bankrupt, business, shop lot, house, car, lorry all kena sita he can't take it & goes koo..koo.., colleage kena huge paycut end up lelong off his house, read from newpaper back then got some people hang themself using ceiling fan, some jump from highrise, one of my far far relative also jump & dies because play share kao2 & goreng house.

U must the luckiest fellow on earth back them, or you si beh ho mia father got gold mountain...

ya per account maa.. open many many and open conventional then islamic.. try many many branch then mian can lor.. right?

Some people told me per customer per bank. Never really asked further because the risk of bank folding is very small

Don't worry owe bank no need die one nobody will beat u lol
Owe ah long then can die la

actually if owe bank many many ... "friendly financial companies" can buy the debts over from the bank legally and then recover the debts legally and illegally..

example

you owe a bank 100k, no pay.. bank can sell the debt to "friendly financial companies" for say 30k.. once reach their hands, they will tekan 100k. bank close account and write off your 70k

example in question in Malaysia bank who does that

Maybank kawanku. it is legal ya

10 million cash i put HSBC Singapore lor.. now only put HSBC Malaysia..

sense of security and class maa HSBC.. when you got 10 million still care for the few% interest meh...

Offcoz kena lah ! but as i am kecil miow back then, impact is minimal, imagine you get paycut 25-50% need to sell off house or not ?

Thats why i said u r among the sibeh luckiest person back then.

Relatives in construction material business, developer cabut, contractor cabut, abandon project, never pay, bankrupt or not ? every month no business, shot lot, house, car, lorry no need installament ah ? actually the main reason he get bankrupt coz of property, he bought too many until tight up cash (mostly shop lot), he have same stupid believe like u all own property will never loss money, business no income, wanna sell off property cannot, as still hutang a lot, he also play around with figure using 10 cups 8 cover method, one collapsed all become domino.

I know many still hiding till now as never seem them ever since, heard cabut to Thailand/Indonesia, many still in bankruptcy stage now had to work for people..lol

the only reason people would put money in singapore, is the attraction of their ever appreciating currency. People don't dump money in singapore for their interest rate, if you have been around long enough, sure you will know this

good but they will still say not oversupply

Economy turn better people need cash for business, unless u r some prempuan simpanan for richman, no need to work (apart from spreading legs..lol), just like gold price actual high when economy not good, once economy recovered gold price drop, now people don't know what to do with money, just parked in property, later economy boom they need liquidity.

First of all.. properties of million above is NOT the mass supplies.. and neither they are the median price by potential purchasers..

to me mass supplies are property below 700k or 600k.. and median price are of 300k to 600k.. buyers love to buy.. but bbb has done it again.. the same median price is now service apartments..

this is just increase in appetite of flippers.. not because construction cost.. labour cost.. undersupply .. and bkr increase which was dismissed..

btw I disagree.. in newly vp units there are more waitingbto sell rather than hold wait rent.. you do a research to it.. my hunch is 70% waiting to sell.. but there are ppl who u turn from waiting to sell to rent and etc.. rental games which is not within showtimr 747 category are often depressing rentals if they manage to rent.. renting out is a problem..

green terraine post 7 months.. occupamcy inclusive of renting still below 10%.. you can check on amaya first.. once auction hits I will post here.. the said holding powers are only less than a year..

It seems they forgot to count hundred of thousands number of spm school leavers entering the property market.
Most developers gave discount, actual price could be 5% to 7% lower than SPA price. If a few units transacted at 5% lower than actual price i.e. 90% to 88% of SPA price, those who are willing to buy at SPA price may need to fork up 28% to 30% cash up front for 80% LTV, which could be a long wait.

rich ppl buying condos , service apartment, terrace house? these supplies are the most in the street..

lol understand lahh.. i will buy in those range you mention..

aiyah harimau betina, you know how many ppl in malaysia to justify you know it doesnt happen ? see the way you write also everything you say only about your environment....your network must be too little to know anyway.

your talk is exactly the same like those MLM. 

yup, how many are these ppl in the market? how come i cant see, i dealt with these guys... but luxury units as being opined by JLIEW86 will undergo correction... he didnt mention to you? rich ppl no cash buy these units?

I tell not because I want u to bbbb..just want to express my opinion which I based on experience someone that had gone thru..I not really mind if my unit can sold anot after all I not hoping the market in a crazy mode and not really interested to sell.I prefer slow and steady so that I can accumulate more as I believe it is more harder to buy in future so I rather hoping for correction.

eh come lor read lor.. at interest increase... i post here lahh:

after the announcement of Blr, there was a short conversation between bearbearwong( BBW), Manchester United (MU), showtime (SH), gogo2 (gogo) , Zuiko (ZK) at a cafe shop. below are merely illustrative purposes and do not reflect the actual conversation..

BBW: eh.. eh.. ello.. ello brother MU so free to visit me? how are you?
MU: I am fine, no lar i purposely come to the shop unit i rent to you to taste your Singapor Char Bee Hon, drool.gif and also the tenancy expiring maa, going to renew.. i brought along bro SH also.
BBW: Very good, so fast tenancy end meh? sad.gif
SH: Dun waste time, fast bring your singapore char bee hon leh
BBW: Okok, wati bring 2 plates of Sing Ka Po char bee hon for these 2 boss. Brother btw i got news leh very in one..
MU: what news oh BBW? you bought 1 units of luxury condominium in Orchard Road Singkapore after frying so many sING -KA-po cahr bee hon? rclxms.gif
SH: hahaha
BBW: Walao eh.. brothers, you joking meh, linpeh KL high rise also cannot buy how to buy Singapore oh? Teasing me.
MU: Okok lor.. what news you have?
BBW: Eh you know, that Bank Negara sipeh Jialat lehh.. they just increase the BLR from 6.6 % to 6.85% wor..
SH: haiya relax lahhh, 25 basic points only.. 100k increase around RM20 monthly... keluar masuk starbucks already RM20 maa.. why worry
MU: oi, apalah you, me loan this shop 1.5 million wor.. rent to BBW also reduced rental coz rental cannot cover loans maa.. how much like that?
SH: Errr.. RM20 monthly for 100k, so 1.5 million is around (15 X RM20). Around.. 300 lor
MU: wah 300 ah monthly... i got few properties sumore lehh, luckily BBW rent this unit from me
BBW: brother, so how my rental rates? increase RM300 monthly ah? Bank negara want to increase on September another 25 points wor.. like that BLR is 7.1%
MU: Brother you sure or not like that very jialat, suddenly RM600... then i have to increase RM600 lor..
BBW: wah... suckk blood mehhh... taukeh how many Singapore Char Bee hon i need fry oh
SH: Ya wor... RM600 dun pray pray.. Toyota vios 1 unit gone
MU: Aiyo, BBW why so hard.. my rental RM600 only maa.. i also service the bank one.. is justified one for the increase...
BBW: bro, business bo good leh?
MU: BBW you got learn taichi before or not? Let me teach you... I increase RM600, you increase your Char Bee hon another RM0.50 each plate lor.. easy maa, you can profit too.. customer ask you say rental increase, they ask why rental increase, you say bank negara increase BLR lor..
BBW: Thank you bro MU and SH... good idea.. like that many other tings will also increase lor.. all sure take opportunity one maa.. car interest leh? personal loans?
MU: That one you chap sang... hehehe
SH: yum yum

on another table bro ZK

ZK: Oi, bro Mu u lucky lor got ppl rent, my unit bo lang rent suddenly need to fork out RM600 extra sipeh jialat.. mad.gif
MU: Investment maa... thumbup.gif
Gogo: Hey bros... apalah you guys havent calculated GST yet...6% next year leh

ZK,MU,BBW, SH: Jialat lorrrrrrrrr...

in this exercise rentals shall increase to cushion the BLR increase, and thus price related to it will increase further..thus the buying powers of purchasers further deteriorate , with current condition subsales already so low, with this coming in and rental yields failed to cover loans and further making the range to cover loans bigger causing investors to fork out more money to service loans.. low end flippers might face problem if bank negara increase again after 2nd increase, after GST.. more bleeding.. as we can see.. units are not sellable..

Price won't drop la
Why keep waiting?? Honestly do u have money to buy or not? 99% of my friends or people I know which afford already purchased, those can't afford are trying not to mention about own a property.