BLR will affect everyone..

may be they should only increase BLR for those with third property onwards..

GST not much influence to me, i don't plan to sell it soon..

RPGT should be the main factor not GST

unless bank think money is stingy now, they are always part of the game, remember, at this hot property time, bank approves so much loan not because they are loose in the application, but because there are lot of application by cash rich ppls/investor, it categories as prime loan, which bank are happy to give.

if those schemes like developers absorb interest for first 3 to 5 years still exist, investors don't care much about BLR.

But banks still have record that the husband is paying the loan for a house and hence it's STILL considered as paying for a property.
Is itactually possible to totally transfer the name of the house to someone else 100% when bank still holds the title to the house?

Is Taman Melawati (near Gombak) considered as high speculated areas?
My family is planning to buy a single storey terrace there in near future.

I personally been to melawati recently. Those new built semi D and bungalow on the hill are selling like no future. All above million. I think that area is nice. 5 years ago my friend bought a house near melawati club there below 200k. If now more than 300k think you better look for other options.

Then we might see the effect or feel the pain after 3-5 years, if BLR is higher than currently.

People may take for granted and get use to the honeymoon period.

For my understanding, I could be wrong.
Cannot.
Let say A own the house and take the loan on the house.
If transfer the title to B, then liabilities of the house is attached to B already, aka B must liable for the house loan.

Loan must attached with the ownership. As bank cannot sell B's house to pay off A's loan.

If can, then A buy house, take the house loan.
Then transfer the house to B.
A default the loan, but bank cannot foreclose the house, as the house is owned by B.
Bank in no man's land.


You must clear the loan before title can be transferred.

Cap limit 70% to LTV send a as very good alert to RE speculator.

Some may find a work around on this policy but, if speculation remained high, BNM may have next come out as other regional central bank did.

Speculator may more cautious on their next move.

This post has been edited by return78: Nov 6 2010, 12:40 PM

yeah....investors will be more cautious now n it will slow down the speculation at least for a certain degree

wat other opion are u considering too... im looking for landed house now. so hard to get around 300...

The LVT is more a symbolic message sending/warning instead of having real impact on itself.

It is good that BNM aware the situation.

The 70% on 3rd properties actually has little impact. It won't derail the property sector.

I think this is a good move by BNM, as it prevents a property bubble, which would be very devastating when bursts ...

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PropWall

OMG, it's around 380K the one we r eyeing on!

Any new launch around Damansara Perdana lately?
Im interested to invest a studio for rental

omg, seems like everywhere in KV house price up 40-60% some doubles....
hope that the new measure will do some correction

as long as you buy and own stay, even it bubble burst, it won't affect you much unless your debt level is too high to cover with your salary. try to pay out the first house asap, your risk will be reduced.

Has anybody heard about the new condo to be built in TTDI, KL? Its on the land previously occupied by the Makbul Nasi Kandar right on Jalan Burhanudin Helmi leading to 1 Utama.

property prices dont seems to correct..
infact it is going higher.

the 70% LTV financing, not much deterrent.