Depend loan amount and which bank

The price wont drop in general. Even if the supply is there n less demand, the price may just adjust some discount from the increased profits. Example. New property launching at 500k with 8% early bird discount end up at 460k. After VP, everyone putting a price tag 650k-700k. So, when cannot sell, some may reduce to 600k or even some (may be very little n those desperate one) will go down to 500k. Is this what u call price drop n is this what u r waiting for?

If u are waiting for it to correct 20% based on the 460k of what the buyers originally buying, my guess is u died that day also may not happen. Except ah loong case where they dying fir cash....

so, if u feel this wont happen, why u still waiting?

Every year, the govt putting some measure to lift the level of difficulty for us to buy n it is going to be harder n harder going on.

When it becomes too dufficult that time, u ll only start to regret that u didnt take action earlier. May be waiting to queue to buy 1 prima house or upgraded low cost apartment at the wrong location. Or may be renting is the solution. Look at hong kong, property price really goes up crazily high n prople's option is to rent.....

Now even more blur, BLR increased, GST coming.. Should buy now or wait.. If property market softening, will people be willing to lower the sale price, especially in the subsale market.. E.g BU, Bangsar, DU or AD..

The longer u wait, the harder to u to buy one in future. Dont expect people to sell u low. Imagine yourself in their shoes, will u sell lower later??? Why must sell lower?? If economy is bad n affecting them, will u think during that time, will u be affected also???if u r affected, will u still think of buying a property??? Or rather how to survive....

Will the 460k go down below 400k if situation same as 1997?? My spain boss bought house 1.5mil in spain on 2004 now only left 900k wor....Euro so worst??

Correct oso, got point!!

U dont compare spain n malaysia. It is different. Spain can win world cup while malaysia cant even get thru the qualiflying round.

If 1997 crisis repeats....there could be some cases as many financial trapped people may want to off load their house fast. But u must ready with cash to catch them. They can give u 400k provided cash buy. But in a crisis time, u dare to spend 400k to buy???

If u cant offer cash, they wont wait u to go look for loan as probably they have gone bankrupt or kill by ah loong while your lian is still in processing.

So, will u still think u ll benefit from the crisis? It ll do more harm to u than benefit.

Not yet la ... don be too sam kap....
Wait till USA increase rate ...which gonna be long time from now.
Then Msia will increase to in tandem.
Now Msia GRADUALLY increase meaning they are expecting USA to increase soon...
GRADUAL increase no shock to the market ma. ....

That true, chicken rice price wont drop to rm3 even crisis.

If can't afford buy low cost first. Sure 1 day you can get bigger house. Later if crisis also won't die so fast.

This post has been edited by petlu28: Jul 12 2014, 04:18 PM

Rate of above 10% happened before.
What I'm saying is banks to need to make money ma ...
So they move up their profit margin la... meaning BLR/BR/ KLIBOR + x% ..etc

The longer u wait, the shorter the loan tenure u ll be left with hence monthly installment ll be more n hence the lesser amount of loan u ll able to get n hence the lower the house price u can choose from n hence the lower quality n location yoy can choose from n hence the more frustrating u ll get as your neighbourhood is also full of frustrating n poorer people in general n hence the social environment is not that good n hence the resale value us not there n therefore it is cheaper hoyse that u can get.

U also funny bro
U dint see he keep saying interest high and will keep increasing meh ?
U think he so stupid go mega sales now and buy property and let interest boom himself ?

Cooling period , everyone scare to buy

i agree

When crisis come, oil price may shoot to the ceiling n u can imagine lar apa boleh murah lagi....

After cooling period, he ll miss the boat n left with a high price tag property to choose n with high interest rate n may be with less disposable income to live in.

Competing rate bcoz there many new signees for loan ma.
Now already dwindling, they focus on EXISTING customers with loan to squeeze money from them.

I strongly agree with this. In 2010, I went and see a new launch condo selling at 29xk. Didn't buy. vp increase to 360k. Now close to 400k. Where else can I buy a new condo at below 300k. Now new launch easily 4xxk. If I dun buy now, later min to buy a condo become 600k. Lagi cannot buy. Some advice me to buy 2xxk more than 10 year old subsale. Wah Lao... That time can buy new condo at 2xxk now, same price 10 year old condo.

well, would they change the BLR + x% thingy for existing borrowers?
i thought the x% is fixed, only the BLR fluctuate.