Prevent Speculation & Property Bubble by Reducing Home Loan Margin to 80%, Does it Workable?
If Bank Negara Malaysia (BNM) decides to impose 80% Loan to Value Ratio (LVR) for home loans mainly to so-called prevent speculation on property prices and the risk of potential property bubble, does it workable? What is your point of view about the policy?
Impact on Own Stay / First House Buyers
The policy of 80% maximum property loan margin is unfair for the first time homebuyer. In order to control the property prices not being over speculated, the genuine homebuyer has become victim under the policy because they buy it for their own stay, not for speculation. It increases their burden further.
Generally, banks are offering 10:90 housing loan packages all the while for residential properties in Malaysia subject to their approval. But now property purchasers will have to pay higher down payment under the new policy.
For instance, you will need to fork out RM60,000 as 20% down payment for a double storey terrace house priced at RM300,000 instead of RM30,000 (10% down payment).
10:90 Housing Loan
Down Payment = RM 30,000
Loan Amount = RM 270,000
20:80 Housing Loan
Down Payment = RM 60,000
Loan Amount = RM 240,000
However, for the long-term consideration, I do support the move of lowering the LVR to 80% to promote healthier property market so that both buyer and bank are able to minimize the impact during economic crisis.
Tags: bank negara, buy first house, central bank of malaysia, first house buyer, firt time homebuyer, Home Loan, housing loan, loan margin, loan to value, own stay, property bubble, property bubble burst, property loan, property speculation, self occupied, speculated
Indah Residences 2 @ Kemuning Utama Latest Property for Sale
During last weekend, I was invited by friend to visit the Kemuning Utama latest project Indah Residences 2 showroom. I was so surprised with the overwhelming response at the showroom there! I’m wondering most of them are property investors or first time home buyers? Therefore, I have visited Kemuning Utama again this afternoon to find out more information about the project.
Locational Centre of Gravity – Ho Chin Soon
First thing come into my mind, Is Kota Kemuning within First Tier (15km) or Second Tier (25km) radius from Petaling Jaya (Centre of Gravity)? Malaysia property expert, Ho Chin Soon always shares his well known ‘Locational Centre of Gravity Theory’ to identify property hot spot vicinity. Perhaps the map shown on below might give you some idea?
Attractive Home Loan Similar SP Setia 5/95 Home Loan
- 5% down payment
- 95% end financing
- 0% interest during construction
- Free SPA & Loan Legal Fees
- Free MOT
My Concerns on Indah Residences 2 @ Kemuning Utama
- Accessibility to Main Road (KESAS Highway)
- Vacant Land in Front the Kemuning Utama
If you come from KL/PJ/Subang, whether you like it or not, the only entrance to Kemuning Utama is to pass through the tunnel with traffic light underneath the KESAS Highway. (Please correct me if I’m wrong)
I don’t see any future development based on their master plan displayed at Kemuning Utama sales office. What are they going to build on it? Factory? Grave? High voltage cable station? I feel unsecure with the uncertainty future development on the vacant land.
Info from Kemuning Utama Sales Office, 7 July’09
Phase 8 C1 – Newly Launched but Sold Out
Crazy! Their current new project for launching at Kemuning Utama is Phase 8 C1. But, it was Sold Out! Now, latest Phase 8 C2 is open for registration and reservation. Surprisingly, it’s finishing soon!
Phase 8 C2 – Open for registration and reservation
For Phase 8 C2, you may pay RM2000 by Cheque or Bank draft for reservation. Don’t miss the property if you are interested! They are selling fast! Not many units left!
- Q1: Intermediate Unit 22’ x 70’ (Only 26 units left) Priced from RM378k
- Q2/Q4: End Unit 22’ x 70’ (Sold out)
- Q3: Corner Unit 22’ x 70’ (Sold out)
- Q3a: Corner Unit 24’ x 70’ (Only 1 unit left) Priced at RM544k
Tags: first time home buyer, ho chin soon, Home Loan, indah residences 2, kemuning utama property, Kota kemuning property, low down payment property, paramount corporation company, property for sale, property hot spot, property investor
Property for Sale with Best Mortgage Loan and 0% Down Payment For Investment Property Mortgage
Are you looking for the latest and best mortgage loans package? What is the best interest rate for bank loan or online loan available? How are the trends of mortgage loans package in the property market? Are you still waiting and expecting for better mortgage loans package offering by developer and bank?
Based on the current mortgage loan packages offered by property developer and bank, obviously, they are trying very hard to allow purchaser to own a house started with as minimum cash or money as possible. During this economic recession, I believe they have to do that to attract more purchasers or buyers. This will help purchaser to make decision faster so that developer and bank are able to secure the sales since most of the people now are tightening their spending budget, especially a huge investment in property. And I always believe that, this is a symptom of worst economic crisis is coming very soon.
In other words, this is a very good opportunity for property investor to play around with their investment strategy, respectively to maximize their investment income.
Latest Mortgage Loan Package
1) 5/95 – Setia 5/95 Home Loan Package
-
Developer: SP Setia Bhd
- Pay only 5% and nothing more until completion
- Interest FREE home loan during construction
- 95% Home Loan
Project: Available for most of their new launched projects
Mortgage Loan Selling Points:
2) 3/90 – Home Loan Package
-
Developer: Malton
- Pay only 3% and nothing more until completion
- Interest FREE home loan during construction
- 90% Home Loan
Project: Amaya Saujana
Description: Residential Suites come with resort settings and FREEHOLD land title
Mortgage Loan Selling Points:
3) 0/100 – Home Loan Package
-
Developer: Glomac Berhad
- Interest FREE home loan during construction
- 100% Home Loan (meaning pay nothing for down payment)
- FREE 32” flat panel LCD TV
- FREE SPA legal fees and loan documentation
Project: Available for most of their newly launched projects
Promotion: Glomac 360° Showcase (20 March – 30 April 2009)
Mortgage Loan Selling Points:
4) -10/90 – Home Loan Package
-
Developer: Mitrajaya Holdings Berhad
- Discount 10% (meaning pay nothing for down payment)
- 90% Home Loan
Project: Desa Idaman Residences @ Puchong Prima
Description: Luxurious Tropical Apartments with Private Water Theme Park
Mortgage Loan Selling Points:
A mortgage calculator is a must for you to calculate interest rates involved for every mortgage loan offered by bank. Here is some useful mortgage calculator to share with you:
Am Bank – Home Financing Calculator
FullHouse – Loan Calculator
Standard Charted – Loan Repayment Calculator
Tags: 0% down payment, best interest rates, glomac, Home Loan, home loan calculator, investment income, loan repayment calculator, malton, mitrajaya, mortgage calculator, mortgage loan, property for sale, sp setia, zero down payment
Visit Fiscal WISE Home Loan Finder for an instant comparisons of the current home loan products from more than 25 Malaysia Banks and Finance Institutions. Find the lowest interest rates and input the data into the calculator above.
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