Eh do your own research la. I dont make it a habit to give tongkats. Enough with the spoon-feeding culture.

in fact, BNM may actually reduce the OPR

https://www.thestar.com.my/business/busines...cuts-next-week/

true, as stated in the article as well.

but our economy has been growing at a modest levels all this while, do we see that changing anytime soon?

what policies in the past 2 years do you reckon cause the dim out look? Or is BNM preemptively lowering the rates to brace against an expected dim outlook due to the policies adopted today? It been almost a year since PH got into power, are you calling them out for their crappy policies?

Then we shall pray for all Malaysian that have to go through this phase.

I reckon it is also due to lack of financial/investment education. Not enough exposure to other investment vehicles, and mistakenly taught that "property never lose value".

Properties can lose value, as we all know. What they actually say is that "properties are tangible, it is real". But just because something is real and tangible doesn't mean that it has value. I have a rock here that is real and tangible, does that mean it has value to you?

People actually went bankrupt for listening to those with vested interest in the properties - be it the salesman, bankers, developers, fellow investors etc.

go buy la.. if you guys want bottom-barrel prices, lelong and firesales are the only options.

not me. I am a mortgage broker and I would be among the first to let younglings know that they should not sign on the dotted line unless they have done their researches.

Too many foolish young people have signed themselves into bankruptcy without fully understanding the contents of the agreements.

I find it funny, these people would do tremendous research when buying their phones, cars, wedding, etc. But when it comes to properties, they sign away.

hurm, ok. I guess that is the difference between you and I.

I want to feel sorry for the banks but I cant.

I can smell blood. And if I continue to talk about properties in this certain city, I may end up dead before the end of the year.

yes. I live here, i know the situation here. But I am not invested, nor have vested interests here (except my office is here, but I can relocate any time). I can be honest about the location, but people don't like me speaking up. I just don't want people to make the mistake of buying Cyberjaya (or any city) units at the wrong prices. Plenty of subsales/lelong units that are being sold at way below original SPA prices, but the developers are still selling their units at original prices

total rental per annum divided by the purchase price

Guan Eng: Incentives for first-time homebuyers extended for six months


Lim Guan Eng speaks during the 2020 Budget Consultation Council meeting at the Finance Ministry in Putrajaya June 27, 2019. — Picture by Choo Choy May

KUALA LUMPUR, June 30 — National Home Ownership Campaign 2019 (HOC 2019) is extended for another six months until 31 December 2019, the Finance Minister Lim Guan Eng announced today.

Lim said the extension of the campaign was to encourage home ownership among Malaysians and reduce the number of unsold houses.

HOC is a collaboration between the Ministry of Housing and Local Government and Real Estate & Housing Developers' Association (Rehda) Malaysia, Sabah Housing and Real Estate Developers Association (Shareda) and Sarawak Housing and Real Estate Developers' Association (Sheda).

He said the HOC combine government incentives in the form of stamp duty exemption and from housing developers of at least 10 per cent discount on sale price, which is for housing properties priced between RM300,000 to RM2.5million.

“The Finance Ministry has accepted the Housing and Local Government Minister Zuraida Kamaruddin’s request in support of Rehda’s appeal to extend the HOC period for another six months ... from July 1, 2019 until December 31, 2019.

“Besides the HOC incentives, the government has also made available incentives for first home purchases,” Lim said in a statement today, stating that houses priced up to RM300,000 can apply for stamp duty exemption on Memorandum of Transfer and loan agreement, while houses priced between RM300,000 and RM500,000 can apply for the same stamp duty exemption but limited to the first RM300,000 of the house price.

Lim said first home purchases made in the secondary market or from developers not registered with Rehda can also apply for stamp duty exemption under the HOC incentive.

“...for those who have yet to own their own residence but intend to purchase one from developers who are not registered with Rehda, or for purchases made in the secondary market, they can apply for stamp duty exemptions under this incentive.

“HOC has received a positive reception from the public as the stamp duty exemption incentives and discounts of at least 10 per cent were able to reduce the cost of home ownership especially for Malaysians who have never owned a house,” he said.

Citing a report from the National Property Information Centre (Napic), Lim said the number of unsold homes had 2,313 units valued at RM19.86 billion as at the fourth quarter or 2018.

“This reflects the long-standing issues of home ownership, as well as the mismatch between the supply and demand of houses in the market. Compared to the fourth quarter of 2017, this represents a 30.6 per cent increase in the volume of residential units unsold and 27 per cent increase in the value of residential units,” he said.

The HOC was launched in March and was initiated to increase homeownership and address the issue of unsold houses.

Rental yield is a function of the present. You use it to determine:

1. to buy a property
2. to sell the property

Effectively, when you talk about the rental yields, it is the rental yield of this year, against the cost of the property of this year. This figure changes over time as the rental and value of the property would differ at different times.

Following your example, the rental yield of today, would be matched against the market value of the property today, not 30 years ago. 30 years ago, the same property would have its own rental yield, which is:

You are correct.

As for Penang or any whereelse, the prices are simply too high. anything below 6% is a not go for me due to the upfront costs, taxes, hidden and unknown fees that would eat up your profits.