if so, it will be more suffer later on for those low incomer....

juz wish they dont go and change tht...

Not mistaken is 25 ringgit, not 2.5 lol. Nasi lemak also more expensive than that...

but from past data, property prices in Malaysia no go down. only stagnant. i wonder will price correction really gonna happen. i don't think so. even tho house prices is increasing, the demand is still there. malaysians like to live in luxury. biar papa asal bergaya mentality. pay rental 2k-3k per month is no issue to them. even students oso nowadays damn rich renting studio and condo units.

but if you go to auction nowadays, you can see there's start to have high end properties under auction, which is quite rare in past years. condos, soho, studio, etc. from my view there are already investor getting hurt with current situation. but the demand to own these units is still high. a lot of people enter the bid for these units.

this is for kl area. not sure with other region.

not only for residential only....even sum newly completed commercial unit also been auction off....

yes sum small investor are been hit but not to those big investor...

investors also will kena but fresh grads and all.. they have to face more expansive houses and higher interest rates at d same time.. Most investors buy BBB properties than are cheaper than market price, so they still untung

current loans is not my concern but rather the expenses and future loans ~

btw give credit to the dude tat destroyed another dude's credit card ~ tats a real friend ~ not even ur own sibling would do tat for you ~

haha, but i will secretly destroy the card by scratch the cip and the black line.

+1 lucifah.. those increase 25 points and 6% gst are actual increase.. the dealers.. developers.. service lines wilk amplify at least 2 to 3 times for you

lucifah one of those affected/will be with GST and blr increase?

All the Sifus,

I need some input/advice what this will be for those who haven't buy a house yet? i am one of them..
Bank loan interest rate will go am i right?

So end up monthly payment will be more.

i am noob in all this financial terms..

Does this mean new house price will go up as well or the other way around?

Thanks for the advice

of kos i as a rakyat marhaen kena affected

the only solace i can find is the reduction of top tier tax. hopefully they reduce from 26% to 24% or 23% for 2014 tax return

so how to calculate ah the loan if increase by 25 points the BLR?

Collapse is difficult.. bit correction deoending on location could be as high of 30% from the asking price not the original purchased price..

all in still untung margin low.. for subsequent subsales purchase price stagnation confirm there for 5 years at least especially newly vp by 2012 onwards .

hv you buy a hse ? or staying with Parent?

Not calculated like that.

Loan interest is calculated daily.
if you have outstanding loan let say 250k, it will x the new BLR (if) with daily calculation.

There are 2 situation can occur,
1. Monthly loan repayment increases based on calculation of the whole tenure of the loan vs its interest rate.
Aka previous if BLR 6.6% enable to repay off the 25 year loan with 1000 monthly, with the new increased rate, it become 10xx.

2. Monthly repayment still stay the same, 1000, but to finish off the loan take more than 25 years.

My view, unlikely BNM want to move the rate prior before GST implementation.

It may be one off 0.25% increase then no move until the GST implemented, as there are plenty of uncertainty factors
with GST implementation with potential one off inflation due to GST, and economy slowdown due to GST as well.

Aihh.. no bank officers around meh? I oso tau sikit sikitje

Current blr 6.6
you got rates of- 2.4
so interest payable for 6.6 -2.4= 4.2% per annum
Assuming taking loans of rm 100k for 1 year
100k x 4.2% interest x 1 year= 4200 yearly

If 500k and 35 years= 500k x 4.2( assuming no flactuation for 35 years) x 35 years= 735k interests
loans + interest = 500k + 735k= 1.235 million after 35vtahun

now increase 25 points = 0.25 only
current blr= 6.6 + 0.25= 6.85%
if bank offer -2.4
interest served = 6.85- 2.4= 4.45%

100k x 4.45% x 1 year= 4450 yearly
if 500k and 35 years = 500k x 4.45% x35 years =778500
loans plus interest= 778500 +500k= 1.2785 million only

difference of 43k for 35 years.. yearly difference around 4450- 4200=250
monthly 250 ÷ 12= rm 20 extra on monthly installments only.. told you no effect one.. provided they offer you -2.4.. and interest does not flactuate further

correct me if I m wrong

If u are in 20s, 30s and taking 20 / 25 yr loan, possible for monthly repayment to remain constant but loan tenure extended

But Tenure of Loan repayment cannot be extended for those who take 30-years loan or past 40++

thank your comment SIFU Cherrory.....


Next time when i go Penang we yam cha...I buy you StarBuck.

Me leh.. no property yet bought one.. I oso want starbucks.. my gf father batu maung lang..occasionally will bek

This post has been edited by bearbearwong: Jul 8 2014, 11:26 AM

You wait..when i step foot at PENANG.

there could be 1-more rate hike just before or right after GST

Its not whether we are ready or not

Not ready also no choice - have to accept it

Just hope for reduction in Personal Income Tax