sounds good..the sooner the better..

I dont think it would affect high end properties that much. Most of those who are willing to fork out millions for these properties wouldnt mind forking out an extra 20%.

But this move will surely hit the developers who have been allowed to manipulate the property pricing for too long at the expense of the people. Now lets see what they're gonna do.

But then again this move only effects 3rd properties. Most of them can buy and put it in their wife's or working kid's names and after a few years transfer it to their name once the bubble is over.

Good move, I expect properties to stabilize or drop before November 2011.

Based on my interpretation, it looks at the loan you are getting, aka 70% cap on the third house mortgage.
If you have paid off the previous loan, then it won't count, as they are using banks database (the number of mortgage you have) to track down.

Good move, I expect properties to stabilize or drop before November 2011.
-- if drop also the high end eg rm1.5million or more

if the rm500k below, dont think anyone is rushing to sell, installment is not that high, based on blr-2.2%

Unless you are a flipper that is not cash rich which most of the property buyer today.

Not sure how it will affect each and every sector, but psychological factor applies everywhere.

Also, installment below 500k can be high, it all depends on your salary.

let's wait for 3-6month to see how things are going.....
hopefully the house price will ease....

and those who sapu 1 floor...time to reassess the impact of such measure

how come this time dont see any comment like "jack up the price 30%"???

lol

let see got bank valuer jack up 30%?


This post has been edited by Iceman74: Nov 4 2010, 02:27 PM

30% is wrong figure already.

if a property that worth 100K, with now 70% means 70K loan can get. In order to get back 100K loan, jack up 30% is not enough.

30% = 130k x 70% = 91k, jack up not enough.

Must jack up >40%, or 43%.

100k x 143 % = 143K x 70% = 100K.

So let's jack up 43%.

jack up 30% is enough to get back 90% loan lo, if all the developer do the same, we will see million houses everywhere, so where is the price drop? it will become sudden hike......

Don't be foolish, banker's valuer is not stupid...

You say jack up 40% then jack up 40%, then bankers are the one left with all default loans

i think current launches the valuation itself already a stretch....
if up some more valuation........anything wrong, foreclosure, the jackuped valuation will be non performing already

iproperty.com also server down due to the latest BNM announcement.

u miss the point dude, jack up was not mean to get higher loan, it is just a move to get back 90% loan, it mean for new development where developer will offer u 20% discount in return, read back the previous post by others so u know what i am talking about.

bank n developer will happy of such trick, but gov will bz figuring out the controlling measure, und??

I remember there's a limit banking sector can lend .. matching Lending = Capital+BNM Fund
any bankers around to share the view ?

this time bank won't join the party anymore, let see developers can use their brain juice more on develop new trick

You guys need to put all the pieces together here, it's all in support of the bubble. You can be part of it in it's final stage or be smart and watch it's demise.

from what i know, BLR are set to increase follow by reintroduce back full RPGT(or worst, min 5% RPGT regardless of number of years holding) & GST after GE