You guys got money buy the cow, no money buy the rope 

No rasa to me at all, my initial rate is 6.75 and drop to 5.xx. Bank asked me reduce installmt i rejected. Wait it raise to 13 and 14 maybe i got little bit feel

Hi Sifus, newbie here, can ya all give me the defintions of the terms you use?  BBB, DDD, OPR, etc..?
Confused trying to learn lah.      

yeah, but you don't have to pay assessment, maintenance, etc. Things spoiled also you don't need to fix.

People who buy house forget a lot of thing need to fix.

For landed property, you also need to fix roof leaks that cost until RM50k if got attack from anai2.

Interest rate is expected to rise, not confirm to rise. Just wait for another 48 hours, you will know the outcome.

if increase by .25%, for outstanding loan of 1mil, monthly instalment increase about rm100 - RM 150 per month depending on tenure of the loan. For people who can get 1mil loan, will it be a problem?

I bet there will be no rate increase in 2014. 

for the record, our interest rates did hit some 13% to 14%, and is now being bankrupt.. good time to restart the property market.. even is too far fetch.. but if one of the bank collapse or being taken over which is highly likely, then the story will fall perfectly.. perfecto..

If property market collapse and interest rate at 12% u think ddd dare buy?
This is not sarcastic statement but I really interested to know ddd dare to shop that time?

Let say 1 mil prop now drop to 700k , interest rate at 12-13% , will they commit?

If property market collapse and interest rate at 12% u think ddd dare buy?
This is not sarcastic statement but I really interested to know ddd dare to shop that time?

Let say 1 mil prop now drop to 700k , interest rate at 12-13% , will they commit?

wow 1 million loans... me and my gf jointly qualify more than this but we felt this is going to be burdening.. why ? 100-150(per house) increase of course ok.. for loans only and for the remaining 6 months of 2014.. other increase such as goods, necessities,, each categories of necessities increase 100-150 monthly and coupled with GST.. easily hit 1k per person one..

you also notice hire purchase interest also naik di.. 2.7% or 3.1% per annum

when it is alone, of course not going to affect, but when all are bundle together and in numbers, you will see the effect..

right?

Then the inflation is not cause by interest rate alone. I think petrol and electricity increase have more impact. Whenever there is an increae, sure u can see many people complaint. Some even go on for demonstration. This have been happening after GE13. Do u see property price drop 30%?😆

i opined increase in installments.. otherwise why bother increasing the interest?

The interest rate increase will affect not only prop loan. BNM need to consider the economy as a whole, not only prop market. Eg FDI etc. So, i dont think the purpose of increase is to cool down prop market. There is more method can be used to cool down the market. Anyway, the market is very cold now time to warm up again.

cool market= time to let go... not simply say one...

unless market is made up of cash rich and strong holding power ... majority correction/drop is sure to hit...

Aiyo, if to come out with 150 a month, i just need to cut my astro can liao. Do i need to fire sell my prop because of 150? Not enough then cut unify, cook and eat at home... so many way to find extra 150 per mth. Don be so negative.

What u mean cool market = time to let go?

If property market collapse and interest rate at 12% u think ddd dare buy?
This is not sarcastic statement but I really interested to know ddd dare to shop that time?

Let say 1 mil prop now drop to 700k , interest rate at 12-13% , will they commit?