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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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sampool
post Jul 11 2014, 10:48 AM

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QUOTE(BTimes @ Jul 11 2014, 08:40 AM)
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.
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hardly to say... because in coming years there are large population born in year dragon n going to turn 30 in 2018. many will settle down for a house in 2017/2018. i think many call prop guru also base on this statistic... that is y they dare to say boom boOm... n years 2015/1016 will be up or at least stagnant, dun expect will down.

This post has been edited by sampool: Jul 11 2014, 10:50 AM
sampool
post Jul 11 2014, 10:51 AM

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QUOTE(gogo2 @ Jul 11 2014, 11:49 AM)
crazy la u. Dragon people very huat one. 26 already bought house. Some bought multiple. Maybe only you turn 30 buy house. Kekekeke  laugh.gif
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no many ppl got rich fama la. brows.gif
sampool
post Jul 11 2014, 11:04 AM

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QUOTE(cherroy @ Jul 11 2014, 12:02 PM)
Property up and down is largely due to economy situation,
If the economy is in recession, no matter how much the population born also no use, no money to buy during recession, property price cannot rise even you have 10 billion of population.
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that mean now our economy is goOd? wink.gif
sampool
post Jul 11 2014, 11:39 AM

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QUOTE(cherroy @ Jul 11 2014, 12:17 PM)
GDP growth 6%, export registered double figure increase, property price rising at fast pace, how the economy is not good?
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g nod.gif nod.gif d.
sampool
post Jul 11 2014, 11:43 AM

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the interest raise mean more ppl will rent then buy...
sampool
post Jul 11 2014, 11:54 AM

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QUOTE(bearbearwong @ Jul 11 2014, 12:46 PM)
aiyo... then need to hold long long with depressing rental yileds.. Semenyih area rental boleh jalan ke?
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in order to cover the loan ...ppl normally need at least 5 yrs times la. dun expect buy and ppl will pay u to cover monthly loan 100%.. except u DP 30% or more lo.

This post has been edited by sampool: Jul 11 2014, 11:55 AM
sampool
post Jul 11 2014, 01:06 PM

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QUOTE(bearbearwong @ Jul 11 2014, 01:59 PM)
oh ya man.. to cut down.. suddenly company faces increased rentals.. having a lost there, they go on and increase employee salary to ease the employee burden.. then company mai double loss lor?

even then, say company did increase, company will increase their services , goods, and etc.. you wife might not affected in this company but when go out buy/use service kena slap with increased BLR effect lor..
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simples.. the prop juz increase additional 3% on top of increase by developer/owner/agent.. Problem Solved. biggrin.gif

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

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