do u know whether this (cessation of DBIS) has taken effect? well i think we should look at Aug for official launch, this was advised by UMLand itself
New loan hard to get 90% approval, maximum 85% for Malaysians now and harder for purchasers to get loan for DIBS projects( Bank Negara is its own instruction according to Malaysian bankers that I know), they are tackling this housing price bubble from bank loan. I doubt cessation of DIBS can ever happen because of the difficulty to get this approved by the Cabinet due to conflict of interest. Most of the Developers nowadays are government linked. I would say the banks are taking safety precautions now to safeguard their own interest. So be prepared to get a lower quantum for the loan.
I donno what Umland thinking, it is getting harder for the buyers to get loan for condominium projects(especially at the luxury segment) but yet they keep delaying the launch of the project. Without DIBS, this project pricing is too steep already. Every month we have to pay around RM 2-3 K for the interest, with no rental to cover and uncertainty lies in the property market ahead. I am not talking about the cessation of DIBS but the increased difficulty to get loan approval for this kind of scheme.
BY the way, most of the banks now require us to declare Singapore loan as well, life is getting tougher for property investors and yet they keep delaying the launch.......................argh...............angry max!!!!!!