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 Are you guys ready for hike in interest rate?, Interest rate rising in July & September

Are you guys ready?
 
Yes, my loan percentage is low compared to my earning. [ 124 ] ** [63.59%]
No. (Explain why no?) [ 71 ] ** [36.41%]
Total Votes: 195
  
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BTimes
post Jul 11 2014, 06:47 AM

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Buyers are more worried about 6% GST next year. Most will still go ahead to book a house now, despite the rise in interest rate.
BTimes
post Jul 11 2014, 07:40 AM

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QUOTE(bearbearwong @ Jul 11 2014, 07:24 AM)
of course we can see that.. that is 6% coming, Government is BSing that it will benefit public, like some jokers in RWI, aduii champion GST is good... that 6% come in, every corner of expenses also naik.. couple with OPR, BLR, rentals confirmed kena hit .. rental hit, shop increase price... and transfer burden to public...

super inflation coming... btw i remember you mention to check after Q2 or 3, how is/will the market goes? poised to increased sumore kah? 2015 interesting oh.. developers have to built and sell.. rclxms.gif
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Thanks for your reminder. I was too busy to post here frequently in recent months. I just know that property prices mostly did not crash and landed property prices are still increasing at JB. I'm not from KL so I need your verification for KL.

From Q3 2014 to Q1 2015 people will still largely go ahead to book new properties, and developers, particularly for landed properties, will slap a premium on the price, because they themselves will face large inflationary pressure later.

I expect the transaction volume to cool off significantly from Q2 2015 and the effect may last for about a year before buyers get used to the prices/quality. Both JB and KL are now having luxury condominium (>$1 mil) bubble. KL is apparent now while JB will be apparent in 2016. In another word, 2H 2015 onward market is likely to be quite weak in areas far from MRT/ LRT/ business centers. Prices there may correct by 10-20% back to 2013 level.
BTimes
post Jul 11 2014, 10:52 AM

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QUOTE(bearbearwong @ Jul 11 2014, 07:56 AM)
JB happening larrr... i got friend want to let go service apartment in JB sp setia projects .. finish before 2016...
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Depends on his asking price. Right now too many condos launches and the market cannot digest.
BTimes
post Jul 11 2014, 03:51 PM

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QUOTE(wkslw2m1ps @ Jul 11 2014, 03:48 PM)
Rate hike will continue as USA economy improves and they hike their interest to contain their inflation..

But in Msia, economy is not improving but inflation is up, hiking rate then will further worsen the economy...

Msia will have no choice but to continue to hike rate, else ringgit will be toilet paper...  rclxms.gif

Bad time coming...  whistling.gif
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The inflation experienced now is a taxation on man in the street by Malaysia government to pay back past debts, which were used to pay...

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