no issues.... i know about shares more than you do.... and negotiator cannot play shares? looking at your comment saying that negotiator carreer will die this year next year every year... i already LOL-ed very hard... i should ask back you where have you been then... my first pot of gold is made from share investments... come back when you are doing better with your knowledge.... i know you like to see property negotiators burned... too bad i wont be the one gt burned.... good luck showing off your frens net worth to everyone eh..... also i rest my case here with you....

This post has been edited by aaron1717: Jul 21 2017, 09:40 AM

When ifrs 9 kicked in on 1st january 2018, banks will unlikely to offer 90% margin of finance, play along with developer on cash back/rebate, interest rate is likely to rise and foreclosure process could be expedite.

Financial reporting standards to affect banking operation? Shouldn't actual operation under Central Bank governance?

IFRS 9 is a compliance mandated by bnm.

How if IFRS 9 going to affect the banks ability to lend?

For your reading pleasure.

http://www.theedgemarkets.com/article/ifrs...nsive-borrowers

https://home.kpmg.com/content/dam/kpmg/my/i...BroadImport.jpg

https://www.pressreader.com/malaysia/the-st...281496455794170

So much primary sources to read when reading your replies... which is good because you back your assertions and arguments up.

Nothing much in regards to mortgage lending. The expected impairment model only slight differs to the way banks currently treat delinquent mortgage loans. Banks are very quick to take legal action and write down the loan for retail mortgages.

Maybe there is something I am missing. Anything on how it would directly affect mortgage lending?

This post has been edited by Count Auction: Jul 21 2017, 01:29 PM

According to people working in banks, bank will be more prudent in giving out loan e.g. unlikely to tolerate inflated/gross spa price.

This post has been edited by icemanfx: Jul 21 2017, 03:09 PM

Certainly, government data from the Malaysian Property Market Report 2016 paint a bleak out-look for the property market, with only 31% of the 52,000 new homes launched for sale last year being taken up. The residential property overhang — homes that have been completed and ready for occupation for more than nine months that remain unsold — stood at 90,491 units at end-2016, worth some RM8.5 billion.

PR1MA currently has 89 projects nationwide, comprising 89,449 units of homes with an estimated gross development value of over RM23 billion, in the works. To date, it has managed to sell 9,791 units worth RM2.36 billion, which suggests a sales performance of only 10% — very much lower than the 2016 national average.

In terms of value, the 2016 residential property overhang largely comprised units costing RM500,000 and more, but the number of units costing less than that remaining unsold have also been rising. PR1MA could potentially add a significant number to the overhang inventory, considering the number of homes it would complete within the next three years, and its sales performance to date. Should such a scenario materialise, the current problem of not having enough affordable housing could suddenly transform into that of having too much of it, with the government saddled with the cost of paying to build homes that people can’t afford to buy.

The real problem with the nation’s mounting property overhang appears to run deeper than the central bank’s strict lending policies. Essentially, at its core, residential property prices need to come down even lower. This should enhance affordability among the masses so that more can qualify for a loan based on their existing income. The central bank’s assertion that potential home buyers should not be allowed to take on debts that they cannot afford, just to buy property, is indeed the right stand.

https://themalaysianreserve.com/2017/07/21/...ing-guidelines/

The worst is yet to come.

http://napic.jpph.gov.my/portal/web/guest/...=2&fileURI=3977

http://napic.jpph.gov.my/portal/web/guest/...=2&fileURI=3980

KV property is on 10th consecutive quarters of down trend.

Very good.. let it go down more and more..

UUU is the Up Up Up camp..always saying property will go up..so they shud BBB lor Buy Buy Buy..

Wow only 10 percent take up rate for prima?

Implying demand for housing is not as strong as most expected, prima price is unaffordable, many couldn't afford 10% down payment or bank loan not easy to obtain.

If this persists, mean drastic price adjustment is needed.

KUALA LUMPUR: A property expert has rejected the view that property prices in Malaysia have bottomed out.

Speaking to FMT, chartered surveyor Ernest Chong said he foresaw prices dropping for another two to three years.

He was responding to comments made recently by Sarkunan Subramaniam, the managing director of property consultancy firm Knight Frank.

Subramaniam said in a press interview that the property market had now “seriously bottomed out” and that the market was expected to recover by the end of the year.

But Cheong said property prices could drop more deeply than they did during the 1997/1998 Asian Financial Crisis.

“The cost of living then was still manageable,” he said. “People weren’t struggling as much as they’re doing now and could even afford to save money. It was the banks that were struggling.

He noted that during that financial crisis, residential property values dropped by 36% while commercial property values dropped by 43.9%.

He acknowledged that this was more than the 25% to 30% drop in prices of some properties in today’s market. However, he added: “I believe the percentage prices of properties will drop to levels which are even lower than during the Asian Financial Crisis due to the reduction in consumers’ purchasing power, stagnant salaries, the current economic climate, the goods and services tax and, of course, the oversupply of properties.”

He said he couldn’t say for sure when prices would finally bottom out, but expected them to go lower than the 1997/1998 levels by the middle of 2018.

He said speculators who bought properties between 2010 to 2014 were likely to be the hardest hit.

“So if you are looking for a home, I would say wait till next year. But be sure to evaluate your financial capabilities. If you can afford a loan, then it might be a good time to buy a home.

“But if you’re in no hurry, it would be better to wait till 2019 or 2020. By then, if prices haven’t bottomed out, they would have reached very low levels.”

http://www.freemalaysiatoday.com/category/...ch-rock-bottom/

Wow DDD!

Meanwhile The Hertz Kepong sold out in 2 and half hours over the weekend...

wait 4 more months see all got loan or not

meanwhile its below 500k

Believe developer has been collecting booking during "pre launch" and instruct buyer to appear at the show time for units selection. Further, it is unrealistic to sold out bumi quota at this stage.