Welcome Guest ( Log In | Register )

15 Pages  1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

> Budget 2020 Housing, Yay or Nah..

views
     
TSseancl85
post Oct 11 2019, 06:01 PM, updated 5y ago

Enthusiast
*****
Junior Member
976 posts

Joined: Jun 2006
Housing Budget 2020

user posted image


-RPGT base year for asset purchase revised to Jan 1, 2013 for asset acquired before that date

-To reduce supply overhang of condominiums and apartments amounting to RM8.3 billion in the second quarter of 2019, govt will lower the threshold on high rise property prices in urban areas for foreign ownership from RM1 million to RM600,000 in 2020.

-Govt to extend Youth Housing Scheme administered by Bank Simpanan Nasional from Jan 1, 2020 until Dec 31, 2021. The scheme also offers a 10% loan guarantee via Cagamas to enable borrowers to get full financing and RM200 monthly instalment assistance for the first two years, limited to 10,000 home units.

-Public Sector Home Financing Board to offer free personal accident insurance for up to two years to new government housing loan borrowers

-To help those who can't come up with 10% deposit or get financing to buy homes, govt will collaborate with financial institutions to introduce the rent-to-own (RTO) financing scheme, where up to RM10 billion will be provided by the financial institutions, with the governnment supporting via a 30% or RM3 billion guarantee.
This RTO scheme is for purchase of first home up to RM500,000 property price.
Under this scheme, the applicant will rent the property for up to 5 years and after the first year, and the tenant will have the option to purchase the house based on the price fixed at the time the tenancy agreement is signed.



This post has been edited by seancl85: Oct 12 2019, 01:47 AM
digitalz
post Oct 11 2019, 06:14 PM

The only thing we have to fear is fear itself.
*******
Senior Member
2,030 posts

Joined: Oct 2011


QUOTE(seancl85 @ Oct 11 2019, 06:01 PM)
Housing Budget 2020

-Rent-to-own scheme worth RM10 billion to help those who cannot afford the 10% downpayment for purchase of homes worth up to RM500,000.
-Under the scheme, applicants enter into a five-year rental agreement with the option to buy after the first year.
-To address glut in unsold condominium and apartment units worth some RM8.3 billion in Q2 2019, the threshold will be decreased for foreign buyers from RM1 million to RM600,000 for urban properties.
-Youth Housing Scheme by Bank Simpanan Nasional to be extended to end of 2021.
-RM100 million for repair and refurbishment of public housing.
*
I BOLDED the point lol. biggrin.gif

Would it be helping the people? The influx of foreign investments is good for the country but the properties will only be held by foreigners instead of the locals. dry.gif How about the risks of properties being auctioned later?

Why not promote other stuffs that would help the people to own houses instead?

Then again, that's just me thinking out loud. dry.gif

This post has been edited by digitalz: Oct 11 2019, 06:15 PM
Red_rustyjelly
post Oct 11 2019, 06:20 PM

Enthusiast
*****
Junior Member
846 posts

Joined: Feb 2017


define urban?
Red_rustyjelly
post Oct 11 2019, 06:37 PM

Enthusiast
*****
Junior Member
846 posts

Joined: Feb 2017


QUOTE(digitalz @ Oct 11 2019, 06:14 PM)
I BOLDED the point lol.  biggrin.gif

Would it be helping the people? The influx of foreign investments is good for the country but the properties will only be held by foreigners instead of the locals.  dry.gif How about the risks of properties being auctioned later?

Why not promote other stuffs that would help the people to own houses instead?

Then again, that's just me thinking out loud.  dry.gif
*
remember this news.

KUALA LUMPUR: Foreigners do not own more than one percent of property in Malaysia, revealed Housing and Local Government Minister Zuraida Kamaruddin.

Zuraida said that in March 2014, the government had imposed a RM1 million minimum property purchase price for foreigners.

https://www.nst.com.my/news/nation/2018/11/...wned-foreigners

last november's news.

digitalz
post Oct 11 2019, 06:42 PM

The only thing we have to fear is fear itself.
*******
Senior Member
2,030 posts

Joined: Oct 2011


QUOTE(Red_rustyjelly @ Oct 11 2019, 06:37 PM)
remember this news.

KUALA LUMPUR: Foreigners do not own more than one percent of property in Malaysia, revealed Housing and Local Government Minister Zuraida Kamaruddin.

Zuraida said that in March 2014, the government had imposed a RM1 million minimum property purchase price for foreigners.

https://www.nst.com.my/news/nation/2018/11/...wned-foreigners

last november's news.
*
For now, I'd probably just look at what are the T&Cs for foreigners after the change. Let's look it from the other way round... more auction units instead? hmm.gif
kingstonray
post Oct 11 2019, 06:46 PM

Getting Started
**
Junior Member
181 posts

Joined: May 2010
To beloved Malaysian..
Now 2019 HOC until 31st December2019
If you still do not appreciate this oppurtunity to buy your house..you will regret.
Foreign buyers is coming 2020
2020 is coming...last 3months... Beli lah

This post has been edited by kingstonray: Oct 11 2019, 06:48 PM
Red_rustyjelly
post Oct 11 2019, 06:53 PM

Enthusiast
*****
Junior Member
846 posts

Joined: Feb 2017


Here comes the BBB UUU
I was just talking to my friend. BBB UUU will eventually take this opportunity to spread scary news

HAHAHA
kingstonray
post Oct 11 2019, 06:56 PM

Getting Started
**
Junior Member
181 posts

Joined: May 2010
QUOTE(Red_rustyjelly @ Oct 11 2019, 06:53 PM)
Here comes the BBB UUU
I was just talking to my friend. BBB UUU will eventually take this opportunity to spread scary news

HAHAHA
*
ok
LordSatriaVII
post Oct 11 2019, 07:00 PM

Getting Started
**
Junior Member
56 posts

Joined: Jun 2019
luckily i just bought a 232k apartment in cyberjaya biggrin.gif
but i can see there's a lot of high rises now , but i believe they are not going to sell all of it with all those high price
em_on
post Oct 11 2019, 07:17 PM

Casual
***
Junior Member
447 posts

Joined: Jan 2011
Locals have to ‘fight’ with foreigners on those prop RM 600k blink.gif
icemanfx
post Oct 11 2019, 07:43 PM

20k VIP Club
*********
All Stars
20,796 posts

Joined: Jul 2012



Typical of bbb/uuu miss the forest for the trees.

Property overhang is substantial and rising. How many foreigners will buy. If buy, it will benefit developers rather than flippers.

This post has been edited by icemanfx: Oct 11 2019, 07:55 PM
kingstonray
post Oct 11 2019, 07:44 PM

Getting Started
**
Junior Member
181 posts

Joined: May 2010
QUOTE(icemanfx @ Oct 11 2019, 07:43 PM)
Typical of bbb/uuu miss the forest for the trees.

Property overhang is substantial. How many foreigners will buy. If buy, it will benefit developers rather than flippers.
*
You dont buy or you cant afford to buy,just sit at home and watch...
how many foreigners will buy is not important...because its none of your business also



user posted image

This post has been edited by kingstonray: Oct 11 2019, 07:49 PM
v88
post Oct 11 2019, 07:53 PM

Casual
***
Junior Member
353 posts

Joined: Jan 2007
QUOTE(em_on @ Oct 11 2019, 07:17 PM)
Locals have to ‘fight’ with foreigners on those prop RM 600k  blink.gif
*
Local cant even afford to buy 600k house, so leave it to foreigner, good move actually.
kingstonray
post Oct 11 2019, 07:54 PM

Getting Started
**
Junior Member
181 posts

Joined: May 2010
QUOTE(v88 @ Oct 11 2019, 07:53 PM)
Local cant even afford to buy 600k house, so leave it to foreigner, good move actually.
*
Why Local Cant even afford? You say this,Bossku will angry

This post has been edited by kingstonray: Oct 11 2019, 07:54 PM
icemanfx
post Oct 11 2019, 08:01 PM

20k VIP Club
*********
All Stars
20,796 posts

Joined: Jul 2012



QUOTE(kingstonray @ Oct 11 2019, 07:44 PM)
You dont buy or you cant afford to buy,just sit at home and watch...
how many foreigners will buy is not important...because its none of your business also
user posted image
*
Developers will build more in this segment. Unless more foreigners buy than developers build, overhang will rise.

This policy is unpopular among the majority, could be reversed sooner than expected.

This post has been edited by icemanfx: Oct 11 2019, 08:04 PM
v88
post Oct 11 2019, 08:04 PM

Casual
***
Junior Member
353 posts

Joined: Jan 2007
QUOTE(kingstonray @ Oct 11 2019, 07:54 PM)
Why Local Cant even afford? You say this,Bossku will angry
*
If can, no need to build affordable home then, they have the figures.
David_77
post Oct 11 2019, 08:04 PM

In a hurry to make up for lost time!
*******
Senior Member
2,396 posts

Joined: Aug 2016


QUOTE(kingstonray @ Oct 11 2019, 06:46 PM)
To beloved Malaysian..
Now 2019 HOC until 31st December2019
If you still do not appreciate this oppurtunity to buy your house..you will regret.
Foreign buyers is coming 2020
2020 is coming...last 3months... Beli lah
*
Our resident pessimistic expert will disagreed.
kingstonray
post Oct 11 2019, 08:45 PM

Getting Started
**
Junior Member
181 posts

Joined: May 2010
gv u hoc... u guys talk kok sing song...now announce this..last chance..lim guan eng already hint you guys after few years property will be good..gv u hoc 10% gv u free mot lu tak mau...nanti cry father cry mother behind
icemanfx
post Oct 11 2019, 08:52 PM

20k VIP Club
*********
All Stars
20,796 posts

Joined: Jul 2012



QUOTE(kingstonray @ Oct 11 2019, 08:45 PM)
gv u hoc... u guys talk kok sing song...now announce this..last chance..lim guan eng already hint you guys after few years property will be good..gv u hoc 10% gv u free mot lu tak mau...nanti cry father cry mother behind
*
Poorperly price has been stagnant in last few years. How many years more remain stagnant?

And overhang is rising.

This post has been edited by icemanfx: Oct 11 2019, 08:54 PM
lysiew
post Oct 11 2019, 09:21 PM

Casual
***
Junior Member
406 posts

Joined: Jul 2013
QUOTE(seancl85 @ Oct 11 2019, 06:01 PM)
Housing Budget 2020

-Rent-to-own scheme worth RM10 billion to help those who cannot afford the 10% downpayment for purchase of homes worth up to RM500,000.
-Under the scheme, applicants enter into a five-year rental agreement with the option to buy after the first year.
-To address glut in unsold condominium and apartment units worth some RM8.3 billion in Q2 2019, the threshold will be decreased for foreign buyers from RM1 million to RM600,000 for urban properties.
-Youth Housing Scheme by Bank Simpanan Nasional to be extended to end of 2021.
-RM100 million for repair and refurbishment of public housing.

*
thanks for the instant update ya

but really doesn't seem much helping or much different from now, especially for the middle range income earner

15 Pages  1 2 3 > » Top
 

Change to:
| Lo-Fi Version
0.0186sec    0.38    5 queries    GZIP Disabled
Time is now: 29th March 2024 - 11:36 PM