http://www.bnm.gov.my/index.php?ch=en_pres...ac=3037&lang=en

Increase Liao....

I can hear the crashing sound...

Depend on how bank react. If bank -2.6 then no different lor. But if bank still -2.4 then property will be priced cheaper.

Embargo : Not for publication or broadcast before 18 00 hours on Thursday 10 July 2014 Monetary Policy Statement

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 3.25 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 3.00 percent and 3.50 percent respectively.

After moderating in the first quarter, the global economy has resumed its path of gradual recovery. Economic activity in the major advanced economies continues to expand at a modest pace. In Asia, the better external environment is supporting growth amid continued expansion in domestic demand. In this environment, international financial markets have remained relatively stable.

For Malaysia, latest indicators point to continued strength in exports and private sector activity. Going forward, the overall growth momentum is expected to be sustained. Exports will continue to benefit from the recovery in the advanced economies and from regional demand. Investment activity is projected to remain robust, led by the private sector. Private consumption will be supported by stable income growth and favourable labour market conditions. The prospects are therefore for the Malaysian economy to remain firmly on a steady growth path.

Inflation has been relatively stable as the effects of the price adjustments for utilities and energy continue to moderate. Demand driven inflation remains contained. Looking ahead, inflation is, however, expected to remain above its long-run average due to the higher domestic cost factors.

Amid the firm growth prospects and with inflation remaining above its long-run average, the MPC decided to adjust the degree of monetary accommodation. This normalisation of monetary conditions also aims to mitigate the risk of broader economic and financial imbalances that could undermine the growth prospects of the Malaysian economy. At the new level of the OPR, the stance of monetary policy remains supportive of the economy.

Further review of the degree of monetary accommodation will depend on the MPC’s assessment of the balance of risks surrounding the outlook for domestic growth and inflation. At the same time, the MPC will also continue to monitor for risks of destabilising financial imbalances.

I think this is the most happy news BBW kor kor hear for 3 years... Hahah

I just message my banker ask him to give me -2.65

Little? Buyer scream when given -2.3 instead of -2.4. Dun talk rubbish.

Small developer will go bankrupt because their land is secured with loan.

I believe many project will be abandoned. Pity new project buyer.

Eh, little also got mah. Better than nothing. At least heading that way already. BBW gor gor very happy. Dun spoil the party.

Life still go on with RM20 less per month. Hahaha

I msg my loan officer about -2.65 he no reply me

Can if no contract

That's not true. Due to GST next year, buyer will be more prudent in spending and will not buy house anymore.

Really want to revise meh? Few pages back, some people said 0.25% not much. Revise for what?

crazy la u. Dragon people very huat one. 26 already bought house. Some bought multiple. Maybe only you turn 30 buy house. Kekekeke

or more people will stay in their parent's house than buy?

Just now I talk to Hong Leong banker. She straight talk to my face.

"Sorry, we won't give -2.65%. This is because Bank Negara want to control the debt already. Will increase more in September. So please take KLIBOR that only fluctuate 0.1% everytime."

Walauyeh...

This post has been edited by gogo2: Jul 11 2014, 01:07 PM

Wah, the news talk about Malaysian unable to buy house.

Means before interest rate increase, loan 50% rejected.

Next month increase interest rate, loan 60% rejected?

So how to make property saleable again? Have to cut price liao lor. I just scared developer cut corner only.

This post has been edited by gogo2: Jul 11 2014, 01:53 PM

Some more developer also loan money to buy land. Interest rate up.
Developer si kiao kiao liao... die liao... i think the first to go is small developer. Bankrupt soon. Next is small time flipper kakaka...

I dunno lol... someone so scared dunno scared what...

anyway, does developer loan variable rate one or fixed rate?

yahor... 1997--> 2007 --> 2017....

But this time crash will be very very bad... last time property price still low...

now a lot of people got high household debt...

a lot will jump man....