Lower Mortage LVR soon?
Dah agak dah…mesti ade umpan disebalik beberapa good news dlm bajet 2011…jika betul utk mengelakkan property bubble, hopefully mortgage cap ni tak beri kesan kepada first time buyer.
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Business Times, 29 October, 2010
Bank Negara Malaysia may make it harder for Malaysians to buy more than two houses as it seeks to stem speculative buying that is pushing up property prices.
Sources said the central bank would be meeting with banks next week to discuss plans for a mortgage cap whereby loans would be limited to a portion of the property value.
“The expectation is a cap of about 70-80 per cent. We think a directive will be issued to cap,” said two sources with knowledge of the meeting.
Earlier, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said it was prepared to take pre-emptive action and that it has wide-ranging instruments to prevent a property bubble.
“We want to promote house ownership, but we want it to be done in an orderly manner and we don’t want speculative activities,” she told reporters on the sidelines of the Global Islamic Finance Forum in Kuala Lumpur yesterday.
She acknowledged that there may be pockets of bubbles forming in parts of Malaysia, but believes Malaysian banks are dealing with this through their own risk management process.
Areas like the Klang Valley and Penang have reported strong property demand.
In June this year, some 147 double-storey terrace houses just outside of Kuala Lumpur priced from RM1.75 million each were sold out in just five hours.
Rising property prices have been fuelled by low borrowing costs, the continuing promotions by developers and expectations of a recovering economy.
More money is also flowing into Asia from developed economies where interest rates are low as investors seek higher returns elsewhere.
But this is not unique to Malaysia. Regulators in China, Hong Kong and Singapore have imposed measures to cool their property markets.
Zeti also said that “massive” financial literacy programmes would be rolled out as a pre-emptive measure.
These would be aimed at those aged below 30 to help them better manage their finances at the start of their careers.
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lower mortgage loan-to-value ratio. ape kesan die nnt?
yg ni ke yg BNM plan nak buat downpayment 20% tu?
saifudinb(Quote)
laju gile. sape yg bynk duit tu ?? huhu
saifudinb(Quote)
Friday October 29, 2010
Bank Negara likely to announce property curbs next week
By JAGDEV SINGH SIDHU
jagdev@thestar.com.my
KUALA LUMPUR: Bank Negara is expected to announce next week measures to curb property speculation and a programme to create financial awareness for the youth, said sources.
The introduction of a loan to value requirement for people buying their third house or more has been talked about, but central bank governor Tan Sri Dr Zeti Akhtar Aziz said any new rules regarding property loans would not be a blanket clamp.
“We want to promote house ownership but we want it to be done in an orderly manner and we don’t want speculative activity,’’ she said after a media engagement programme at the Global Islamic Finance Forum.
“So, for first time house owners and perhaps even the second one, any new rules will not apply.’’
Zeti acknowledged there were pockets of property bubbles in the country, but on the whole, steep property rises were not seen throughout the country.
“If we consider there is any imminent risk of a property bubble, of course we will take pre-emptive action. We are not going to wait for the bubble to happen before taking action,’’ she said.
Debate over the implementation of a loan to value ratio has been ongoing and the understanding is that people buying their third house or more would be required to pay a larger downpayment than the current standard minimum of 10% of the value of a home.
On Wednesday, Deputy Finance Minister Datuk Donald Lim Siang Chai told parliament Bank Negara was studying possible policy changes for those taking up loans to buy a third house or more.
He also said prices of properties in several locations in large cities in the country had shot up due to speculation and if the situation was not controlled at an early stage, home prices would go up beyond the consumer’s financial means and may affect socio-economic growth.
Lim said people would also face difficulty in buying houses, which might lead to an increase in debts.
“The loan-to-value ratio will be specific in nature and its implications on the country’s economic growth will be taken into account,” he added.
Zeti said the banking system through its own risk management and governance process was addressing rising property prices and Bank Negara had other pre-emptive areas it might take up.
One example she gave was on financial literacy and management especially for the younger population below the age of 30.
“We want them to be better positioned to manage their finances when they acquire a car and a house in the beginning of the career,’’ she said, adding that the central bank would introduce programmes for those purposes and was ready to deal with any excesses through a wide range of instruments.
Commenting on the mega Islamic banking licences which Bank Negara would issue by the end of the year, Zeti said two parties had been issued conditional licences but expected one of them to be given a full licence by the end of the year after agreeing to the terms set out by Bank Negara.
“We believe the kind of team they have proposed to bring in will contribute significantly to the development and deepening of the market in terms of product development, structuring of Islamic instruments, expertise and participation in the various financial markets including the foreign exchange market since most of their business will be international,’’ she said.
“This will contribute significantly to our financial system.”
The mega Islamic banks would have a paid-up capital of US$1bil each and Zeti said those banks would be the “final jigsaw (piece) to our financial system.”
She said the licences drew interest worldwide but presented challenges to prospective bidders based on the requirements placed by Bank Negara, not only on the capital needs but also in their proposed business plans and the team the licence holder would bring into Malaysia.
“There were two who have been identified and they are making preparations to meet in concrete terms what they have proposed to us. They will of course do some retail business but the focus will be international business as the objective of our liberalisation is to enhance linkages around the world,’’ she said.
jas(Quote)
Bank Negara proaktif kekang spekulasi hartanah
Oleh Kamarulzaidi Kamis
kamarulzaidi@bharian.com.my
2010/10/29
Kenaikan harga di beberapa lokasi tertentu tetapi terkawal
BANK Negara Malaysia akan mengambil tindakan awal mengawal berlakunya kenaikan keterlaluan harga aset di negara ini termasuk memperkenalkan langkah mem-bendung aktiviti spekulasi hartanah.
Gabenornya, Tan Sri Dr Zeti Akhtar Aziz, bagaimanapun menegaskan sebarang langkah baru khususnya yang berkaitan dengan kawalan pinjaman hartanah jika dilaksanakan tidak akan membabitkan pembeli rumah tulen. “Kita mahu meningkatkan pemilikan rumah tetapi pada masa sama kita tidak mahu berlakunya aktiviti spekulatif keterlaluan.
“Justeru, untuk pembeli rumah pertama atau mungkin kedua, sebarang langkah baru tidak akan membabitkan golongan itu,” katanya selepas selepas mempengerusikan sesi perbualan bersama media mengenai ‘Prospek dan Peluang Kewangan Islam’ pada Forum Kewangan Islam Global yang berakhir di Kuala Lumpur, semalam.
Zeti berkata, pihaknya mengesan berlaku sedikit kenaikan harga hartanah ketika ini di beberapa tempat tertentu, tetapi situasi itu adalah tidak menyeluruh.
Sementara itu mengikut sumber, bank pusat akan mengadakan pertemuan dengan institusi perbankan tempatan minggu depan untuk memutuskan perkara berkenaan.
“Sejak beberapa bulan lalu, bank pusat dan bank tempatan mengkaji mengenai kemungkinan berlaku gelembung harga hartanah.
“Jika ada tanda ia berlaku, sebagai langkah awal berkemungkinan had margin pembiayaan pembelian rumah ketiga dan seterusnya, diturunkan kepada antara 80 hingga 70 peratus berbanding 90 peratus kini,” katanya.
Sementara itu pada sesi perbualan sebelumnya, Zeti berkata Asia tidak perlu mewujudkan mata wang tunggal untuk pertumbuhan masa depan kerana model ekonomi yang berbeza di ka-langan negara rantau ini menjadikan pelaksanaannya gak sukar.
Katanya, idea mata wang tunggal sama seperti euro yang dilaksanakan Kesatuan Eropah (EU) sudah dikaji penggubal dasar di rantau ini namun kesimpulan yang dibuat adalah negara Asia boleh mencapai kemakmuran lebih tinggi tanpa melaksanakan sistem mata wang berkenaan kerana ekonominya yang pelbagai.
“Kos melaksana dan mengurus mata wang tunggal jauh lebih tinggi berbanding manfaatnya,” katanya.
Malah, jika ia dilaksanakan ia boleh membawa kita ke belakang,” katanya.
Mengenai perkembangan sektor kewangan Islam, Zeti berkata, International Islamic Liquidity Management Corporation (IILM), badan yang ditubuhkan minggu ini untuk menangani isu pengurusan kecairan dalam kewangan Islam itu, akan menerbitkan kertas hutang jangka pendek dalam pelbagai mata wang bermula tahun depan.
“IILM akan menerbitkan kertas hutang pertama dalam dolar Amerika Syarikat (AS), dan kemudian euro,” katanya.
IILM, katanya, adalah usaha bersama 11 bank pusat serta dua organisasi pelbagai hala untuk membantu institusi kewangan menawarkan perkhidmatan kewangan Islam bagi menangani isu kecairan dan merangsang pelaburan berlandaskan syariah.
jas(Quote)
Malas nak cite banyak..gi Rahim & co.,gi check MV umah kita,kalau dh untung jual je..x untung hold lagi..then next year jual..kalau untung banyak,kena penalty sebab langgar lock in period pun,x kisah..jual je..pas jual?cari umah lelong yg dalam range capacity/capability kita untuk bayar and maintain +ve cashflow..then?gi lah buat part time (jual burger ke malam,char kuey teow ke,nasi lemak ke,)..beranakkan duit n save duit banyak..then tunggu je property bubble ni burst(hopefully after 2012)..then gi lah carik balik umah yg high end..sbb masa tu harga dh ok balik..then pandai2 lah sendiri..untuk sebarang soalan mengapa property bubble akan burst..panjang ceritanya..juz my simple 1 cent
p/s: moral of the story..this is the period of making money,not spend..dont follow the crowd..x kira lah apa policy government buat,wat dunno je..start strategy then maintain strategy.
TQ
kamal(Quote)
Beli rumah baru skrang ni umpama sedang lead ur ownself to a big trap which already set under ur own nose..bayangkan umah teres kat Nibong Tebal pun dh start main angka 400k..simple say..WOW…petanda pertama..auction house memanjang penuh je…umah bukit beruntung pun skrang org sapu..buying power increase..satu lagi petanda
kamal(Quote)
Saya rasa lah, properties are over-priced bukannya kerana Malaysians dah mampu beli 2,3,4 biji rumah, tapi sebab paling utama ialah kerana ramai ex-pat yang beli properties di Malaysia…apalagi developers pun berlumba-lumba la naikkan harga, sebab ex-pat ex-pat ni of course la lebih dari mampu…income diorag jauh lebih tinggi, currency diorang pun lebih tinggi berbanding RM. Ada member citer ttg satu projek housing link-houses yg pada asalnye developer nak jual for RM700K, tapi diorang kata apakate cuba letak 1.4million…nak test market…tup tup laku semuanya habis dijual! Iskkk…
Pacific Pearl(Quote)
bro, ex-pat ni sapa bro? org luar ke?
saifudinb(Quote)
salam bro saifudinb..ex pat tu mmg org luar..dorg mmg sgt2 suka beli property kat sini..indians,china,hong kongers,australian,and etc.ex pat = expatriate
kamal(Quote)