So it's all abt Revenge..... Zzz
You saw how I was being treated? And called names? Only trying to give advice and help those who have not gone in Johor / Iskandar. Including being called Bukit Timah, if the shoe fits, call it revenge.
So it's all abt Revenge..... Zzz
He has nothing to gain by saying the market is going to sink.
He has nothing to gain by saying the market is going to sink. Anyway let's deal with statistics, 300 plus thousands oversupply coming in the pipeline, in Iskandar / Johor and banks tightening credit, how much more evidence do you need to be convinced? Snake oil salesman or no.
300 plus thousands? Where did you get ths statistics from? Approved / Pending/ launched or being built/ TOP in 2018?
It is very normal to have thousands and thousands approved but never being built in Malaysia. Land banks in Malaysia is cheap and developers have extreme holding power.
I don't want to go through to tell about the source of figures again, it is getting tiring, click on my previous posts. Why then are banks tightening credit? that is the biggest hard evidence the market is on the decline, in boom times banks would be only too glad to lend and sieze your properties in case of default. So in this case banks tightening credit is nothing to do with over leveraging for the applicant. Just this alone would convince me not to buy anything.
You saw how I was being treated? And called names? Only trying to give advice and help those who have not gone in Johor / Iskandar. Including being called Bukit Timah, if the shoe fits, call it revenge.
Just for you only. Banks tighten credit not cos of market slow down. It not only affect property loans but everything else from credit card to car loans. It has something to do with national household debts, not housing loans. Malaysians in particular a certain race like to pay by installments from a fridge to a sofa set or a low cost flat. That built up the household debt to about 80% which is alarming. However, it does not affect those into higher end and high end properties. It will not affect those foreigners who buy Malaysian properties. Generally it does not affect the affluent ones.
Malaysian banks restrict credit is a requirement by the national bank policy. They would love to lend as they are flushed with funds. The interest rate is high at 4 to 7%. All banks want to make money. It is Bank Negara who say cannot. If you are into economic analysis, it is best go into Micro, Macro is always misleading overall.
Anyway even if loan credit is tightening means overall economy not good, just like MAS, they heard alarm bells long ago and tightened all forms of credits.
Credit tightening is bad for others but not really true for everyone.
It means property prices is dropping. It means not so many buyers to compete with me. It means many forced sale of in secondary market. Any money market crash seperate boys from men. It is time to get good bargains in high value properties. Just waiting for right time to swoop. Still not the lowest yet. Cash is KING
Ya lor… I was granted 4 loan facility to choose just last month.
Some was quite generous with the % given.
I would say it's prudence lending rather than Free $ for all.
Bank Negara since 2014 had followed MAS. Nothing alarming.
Borrow wisely & budget accordingly will be fine.
Rental of any $ is a Bonus.
Good for me too for bargain hunting. Don't forget the other side of the coin, it is some other poor soul's loss.
In any property investment, it is every man to himself.
Just remember the other guy who sold you the property would not give any of the profits back to you.
Brutal but that is the game.
lol... Mr Bt Timah has the best Foresight coz he owns the only Crystal ball in the world that predicts the Future. lol
I've heard of the phrase "Hindsight is 20/20 vision"; wonder if one could fill in the blank "Foresight is _/20".lol... Mr Bt Timah has the best Foresight coz he owns the only Crystal ball in the world that predicts the Future. lol
Hes so sure n 100% confident JB properties owners are doomed for good! So much negative feedback on JB. And yet...hes so highly active in JB thread. Hes only defense was hes trying to warn us not to be foolish in buying jb properties. Hmm......
Stone you until you cannot answer anymore. That's the answer what he wanted. You neber study marketing ah?