Exchange Rates for RM

[shctaw]

SGD has outperformed MYR over pass 30 years.

It is risky to buy into an asset which is price in a depreciate currency against our SG dollar.

It is a race against time to enter and exit this market without losing too much to the depreciation force.

Whatever the game plan you guys have in mind; just remember "TIME" is always ticking.

PS: If everyone think alike; then no one is thinking.

 

[shctaw]

Everyone reading this forum should not think too personally about other criticism.

Praise will never make anyone a real man.
Just take all insults and criticisms like a man; and learn from mistake.

As old saying goes..... biggest enemy one can have is himself.

 

[aliensmotor]

jurong point 2.58$ 2.59TT up up up up up the sky..

 

[sgcount]

SGD has outperformed MYR over pass 30 years.

It is risky to buy into an asset which is price in a depreciate currency against our SG dollar.

It is a race against time to enter and exit this market without losing too much to the depreciation force.

Whatever the game plan you guys have in mind; just remember "TIME" is always ticking.

PS: If everyone think alike; then no one is thinking.

If I understand u correctly, which I agree if I interpret correctly, the risk about buying malaysian properties for investment is the depreciating MYD.

But the tricky part is, if u want to do a quick buy and sell, ie enter and exit, it may work against you. The loss made in the currency risk is more than the value of the property itself.

Another risk not often mentioned is the oversupply of properties. Everyone seems to be rushing into buying properties. It's a very uncertain risk that only time will tell if it will come down hard on investors.

 

[jejej]

Clifford cash 2.595

 

[DCputeri]

Raffles at Arcade 2.594 (Cash and TT)

Clifford cash 2.595

 

[crystal_tiong]

Raffles at Arcade 2.594 (Cash and TT)

hmm , TT rate same as Cash ? seldomg see that...

 

[dumb1]

hopefully 2.70 before end of year. my housing loan in rm is getting cheaper.

Your property in S$ will also get cheaper.

Anyway, based on history since independant, RM gets lower from 1:1 to now 1:2.58. During the last crisis it hit 1:2.80.

Your hope for housing loan getting cheaper will definitely be granted in time to come.

 

[Newbie11]

SGD has outperformed MYR over pass 30 years.

It is risky to buy into an asset which is price in a depreciate currency against our SG dollar.

It is a race against time to enter and exit this market without losing too much to the depreciation force.

Whatever the game plan you guys have in mind; just remember "TIME" is always ticking.

PS: If everyone think alike; then no one is thinking.

Just like everyone in sgp think prop is the way to go, that's when u need to get out... Have u ever seen recovery led by masses and mass mkt?

 

[shctaw]

Yes, that is what I meant.

Property market game is like musical chair. But in Malaysia you play with lesser chairs.

Remember as a foreigners we are affected by the exchange rate return also.

A question for everyone......
Foreigners and corporation are buying into Iskandar; there should be huge demand for Ringgit. Why is ringgit weakening against major currencies?

PS: I ask myself this question for 2 years already; and I do not have an answer.

If I understand u correctly, which I agree if I interpret correctly, the risk about buying malaysian properties for investment is the depreciating MYD.

But the tricky part is, if u want to do a quick buy and sell, ie enter and exit, it may work against you. The loss made in the currency risk is more than the value of the property itself.

Another risk not often mentioned is the oversupply of properties. Everyone seems to be rushing into buying properties. It's a very uncertain risk that only time will tell if it will come down hard on investors.

 

[FHBH12]

Ringgit to weaken as much as 5% against US dollar
13 March 2014
http://www.theedgemalaysia.com/in-t...to-weaken-as-much-as-5-against-us-dollar.html

Ringgit falls to fresh record low of RM2.624 against Singapore dollar
FEBRUARY 07, 2014
http://www.themalaysianinsider.com/...ecord-low-of-rm2.624-against-singapore-dollar

 

[FHBH12]

Looking forward to more weakening of ringgit this year

 

[OracleMasia]

Yes, that is what I meant.

Property market game is like musical chair. But in Malaysia you play with lesser chairs.

Remember as a foreigners we are affected by the exchange rate return also.

A question for everyone......
Foreigners and corporation are buying into Iskandar; there should be huge demand for Ringgit. Why is ringgit weakening against major currencies?

PS: I ask myself this question for 2 years already; and I do not have an answer.

My guess is money printing, increasing money supply for those subsidies (e.g fuel, sugar, etc).

 

[potter]

钱不够用,年年补洞.
饲钱养猪,何去何从. :p

 

[Aviator]

Export driven economy, have to be competitive against other export driven economies. Look at other currencies around the region.
Singapore is more service driven economy.

 

[aliensmotor]

2.6 is coming.. today rate 2.586$ 2.591TT

 

[good2]

2.6 is coming.. today rate 2.586$ 2.591TT

Arcade rate?

 

[Skooz]

Arcade rate?

Today at arcade cash is 2.595 .TT 2.60.

 

[J29bNp]

If you buy the property and take it as a house instead of an investment you will not feel so affected by the fluctuations in exchange rates.

 

[J29bNp]

Every month. the difference I pay for my instalment will differ slightly. But compared to last year, I am definitely paying lesser. Not a lot lesser but enough for a decent dinner.