Briefly, nothing has changed. Bank Negara Malaysia (BNM) has decided. So, homeowners would not not need to pay more every month and depositors (fixed deposit) will get the same every year since the rate has not changed. Want to know what happens if the rate was increased? Here’s that article: Home Owners, you may have to pay more Do read the full policy statement release below.
Media Release: Rolling Out The Welcome Mat: Malaysia’s Largest Co-Living & Hotel Chain Operator, Swing & Pillows Just Got Bigger with the Acquisition of 5
Homeowners, your interest rate may stay the same or go higher? BNM will decide today. OPR lah. How much extra if I have a RM500,000
Great question and I do not have a great answer for you. However, I have a question. Given a choice, as a landlord, would you reduce the rental when there are many new properties in the market? Short answer is No. Long answer is No… unless of course all these new properties are on my left, right, front and back. Then, I may have to reduce rental if they are all being rented out cheaper than me.