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BNM Cut Rate Again But Not Benefit For New Loan, BNM Cut Rate Again But Not Benefit For N
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zack.gap
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 May 6 2020, 12:19 PM
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QUOTE(icemanfx @ May 6 2020, 11:10 AM) Until today, many still don't realize kv property bull run 2011-2014 was a fallout from u.s. qe. Explain why US QE would affect our property prices and specifically KV in particular? Your correlation seems off to me. QUOTE(icemanfx @ May 6 2020, 11:10 AM) Every economic recession is different; tools and methods to resolve is different too. the economy and poorperly market will be in doldrums for a few years. until overhang is reduced substantially, price will remain suppressed. You’re assuming the government will sit on their hands while property market is stagnant? If I told you that they’re gonna lower RPGT as well as create HOC v2 in 4Q2020/1Q2021 where do you think property market will be heading? |
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zack.gap
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May 6 2020, 02:39 PM
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QUOTE(icemanfx @ May 6 2020, 01:24 PM) Guess you are late to the game or living inside the coconut shell. have explained qe thingy numerous time before and tired to repeat again. whatever it is, until overhang is reduced substantially, price remain suppressed. LOL I call BS. I've seen your posts around here and its all half-assed to be quite frank from a macro/micro perspective, including your QE argument. To everyone else reading this, property prices increased from 2011 till 2014 purely because of property speculation. BNM introduced DIBS/DIRS in 2009 which reduced buyer's progressive payment/downpayment for undercon project but increased overall price of unit which drove surrounding prices up (hence why KV properties were main beneficiaries). In 2014 Budget, BNM disallowed this practice hence market cooled ever since. Nothing related to QE AT ALL! |
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zack.gap
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May 6 2020, 03:08 PM
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QUOTE(kbandito @ May 6 2020, 02:51 PM) As a matter of fact both of you are wrong. The QE impact didn't reach up to Malaysian shore as far as real estate is concerned. Yes DIBS did lifted buying interest and volume, but the volume couldn't happen if banks did not have the appetite for real estate in their balance sheet. Property loan was only 36% of the banking system loan book back in 2008. Within five years after that, every ringgit that the bank lent out, almost 50 sen were for property loan. The total loan book is now almost 50% to property loan. Without this liquidity, you don't get the boom. Mate, banks will go wherever they can go to make money. Not in their interest to reject loans unless directed otherwise. Again I put this blame squarely on BNM for loosening up the system. |
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zack.gap
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May 6 2020, 03:40 PM
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QUOTE(icemanfx @ May 6 2020, 03:33 PM) You have conveniently ignored easy credit and low interest rate was a fallout of u.s qe. lol now I know for sure you're talking bull. BNM hiked up rates 3 times in 2010 and again once more in 2011. For your bloody reference https://www.bnm.gov.my/index.php?ch=mone&pg=mone_opr_stmt |
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zack.gap
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May 6 2020, 04:08 PM
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QUOTE(Zwean @ May 6 2020, 04:04 PM) Yer... people present with facts leh not their beliefs. Don't need bother bro. This one I make full presentation also no point. Everything is 'aLtErNaTiVe FaCtS' unless it aligns with her own beliefs. |
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zack.gap
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May 6 2020, 05:25 PM
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QUOTE(Zwean @ May 6 2020, 04:45 PM) Already used to it, sometimes I reply just to show newbies here how knowledgable and educated she really is. Can get quite annoying tho. Her Economics 102 post in response to you was what triggered me haha |
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zack.gap
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May 6 2020, 10:05 PM
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QUOTE(Zwean @ May 6 2020, 09:52 PM) Answer in riddles that way you can never be right or wrong. Even a broken f*cked up clock is right twice a day |
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zack.gap
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May 7 2020, 12:58 AM
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QUOTE(blanket84 @ May 7 2020, 12:29 AM) I seldom posted in this section of LYN, but to answer you question, yes, you can easily find a good deal today compared to 2016 & 2018. I have been monitoring the price of landed property in the area I’m staying now (Shah Alam) since 2015, and from my own price monitoring, the landed property in Shah Alam peaked in 2016. I just bought my first house (and probably last because I bought for my own stay) last year at 720k. It is a double storey house with 2300sqft built up with land size of 22x75, newly completed (I bought one of the final few units 1 months before VP). As comparison, the houses in that area with land size of 22x75 with built up of 2000sqft was selling at 750k in 2016, with lower quality finishing. The same type unit was last transacted at 580k in 2019, but still the owner made a hefty profit considering it was sold by developer at 320k in 2010. But he made a paper loss of almost 170k as compared to if he were to sell his house in 2016. Currently the asking price is around 630-650k, but most likely you can still lowball the seller to 600k. So yeah, you can pretty much find a good deal today compared to 2016. But my findings are just limited to Shah Alam. Good write up! I'm not familiar with Shah Alam myself so this is an interesting look into the landed property market there. If you look at the different property portals, would you say there's an average increase of 'For Sale' listings in your area versus when you bought your property? Do you see a lot of vacant/unoccupied houses in your area? Is your title strata(guarded area) or individual? |
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zack.gap
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Jul 7 2020, 11:50 PM
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QUOTE(icemanfx @ Jul 7 2020, 11:12 PM) Banks need to meet capital ratio. Capital ratio requirements already reduced. On top of that a substantial sum of MGS held by banks are now considered part of bank's capital as per BNM's statement in March https://www.theedgemarkets.com/article/bnm-...tio-lowered-3-2 |
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