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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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beyond86
post Jul 12 2014, 01:29 PM

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I already signed letter offer, now decided not to buy
I know will get charged from developer, solicitor and bank
beyond86
post Jul 12 2014, 02:09 PM

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Now decided not buy because the location not so convenient after serious thought.
Secondly, bank give -blr 2.35, not so good offer.
With increased of opr, maybank announce blr now is 6.85 percent.
September expected another rise, resulted 7.10 percent.

beyond86
post Jul 12 2014, 02:34 PM

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QUOTE(gspirit01 @ Jul 12 2014, 02:26 PM)
This will drive the transaction even lower.  Everybody will wait after sep for sure. This will stop most of the investors type of buyers for sure.
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When demand is slower, but supply is still there, the price might drop
beyond86
post Jul 12 2014, 02:43 PM

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QUOTE(petlu28 @ Jul 12 2014, 02:35 PM)
hahaha good excuse.
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Now might loss RM6-7k, but better than next time regret
beyond86
post Jul 12 2014, 02:51 PM

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QUOTE(petlu28 @ Jul 12 2014, 02:45 PM)
You should think properly before purchase any property instead of OPR increase decide.
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Placed RM3k as booking fees that time thinking for own stay.
But now location not suitable, resell value not there
beyond86
post Jul 12 2014, 02:52 PM

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QUOTE(PeriPeri2014 @ Jul 12 2014, 02:47 PM)
Price for Landed house in Klang Valley will drop after september 14?? Possible meh??
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No people know what will happen next time
beyond86
post Jul 12 2014, 03:03 PM

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QUOTE(den @ Jul 12 2014, 02:58 PM)
Anyway, is this your first property?  biggrin.gif

I didn't proceed with my first property in Seri Kembangan after signing LO.  tongue.gif
But I was forfeited 1k booking fee only.  biggrin.gif
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Ya, first property .
But I have signed letter offer from bank, solicitor called me to sign SPA & loan agreement
beyond86
post Jul 12 2014, 03:09 PM

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QUOTE(den @ Jul 12 2014, 03:04 PM)
Same la. That time also they calling me to sign already.  tongue.gif
Suddenly feel that the SOxO doesn't suit me.

Maybe you can call to check with the bank / agent again.
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the house is single Storey at meru klang, the bank is pubxxx bank, semi flexi.
Bank already took RM220 from me.
Total already paid RM3220.

beyond86
post Jul 12 2014, 04:01 PM

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QUOTE(PeriPeri2014 @ Jul 12 2014, 03:58 PM)
I tot all bank BLR-2.4% ?? Not meh ??
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Depend loan amount and which bank
beyond86
post Jul 12 2014, 04:17 PM

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QUOTE(Tigerr @ Jul 12 2014, 04:01 PM)
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.....
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That true, chicken rice price wont drop to rm3 even crisis.

beyond86
post Jul 12 2014, 05:15 PM

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In about 10 years ago, normal house price is RM200k
But that time nett blr is 6 sth

Compared now, is 4 sth, so from calculation, property price last time not so cheap as we think
beyond86
post Jul 12 2014, 05:18 PM

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QUOTE(Tigerr @ Jul 12 2014, 05:11 PM)
Yup. That's the way....but not the only way lar...
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U have positive minded, big boss thinking.
Earn more, look for more job / find a way to make more money when commitment increase.


beyond86
post Jul 12 2014, 05:53 PM

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QUOTE(Lefty @ Jul 12 2014, 05:44 PM)
any final confirmed rate how much house loan interest will increase ?
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Maybank

http://www.thestar.com.my/Business/Busines...s-on-Wednesday/
beyond86
post Jul 12 2014, 11:56 PM

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QUOTE(den @ Jul 12 2014, 11:52 PM)
ppl like that location, and can afford ma...  maybe want to get married already.  biggrin.gif
why buy somewhere cheap and you don't like to stay.  tongue.gif
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that true, no point to buy a place that u can't stay due to inconvenient just because of cheap
beyond86
post Jul 13 2014, 12:11 AM

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QUOTE(zuiko407 @ Jul 13 2014, 12:04 AM)
Not everyone can afford the current price tag, bro!
Many people still looking for cheap house

https://forum.lowyat.net/index.php?showtopic=2102281&hl=
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Good location normally can't afford, like my area, Klang Bukit tinggi double Storey simply can sell RM600k for certain types, cheapest also RM500k, 18x65

But I need go to apartment lo, 900sqf, RM270k,
Can't afford

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