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Hey, we are now 32.4 million strong. :)

With new powers comes new responsibilities. Well, with a higher population, there will be need for more properties. No wonder the government intends to build 1,000,000 new homes in 10 years and 100,000 will be built within 2019 itself. Some interesting facts? Over 10% of the people in Malaysia today are NOT citizens. More men, … Read moreHey, we are now 32.4 million strong. 🙂

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Maintaining OPR, strengthening investor confidence.

Interest rates are a key determinant on whether or not the property market is vibrant. Imagine a 14% interest rate and suddenly, everyone lost all appetite to buy a property. Today, Bank Negara Malaysia (BNM) has decided to retain the overnight policy rate (OPR) in its monthly meeting. What happened last month was that BNM … Read moreMaintaining OPR, strengthening investor confidence.

Another “WAR” looming? After China now comes India…

I still do not think that the trade war between China and the US will cause a world recession. Then again, I am not an economist and even an economist may not get his prediction right. 🙂 Earlier news article here: Recession within 12 months if China-US trade war worsens. However, I am also not … Read moreAnother “WAR” looming? After China now comes India…

Recession within 12 months, if China-US trade war gets worse.

Okay, after reading through many articles, I believe the country which will go into a recession should the current trade war between China and the US got worse is the US. Besides, the trade war may cost investors up to US$7 trillion (RM29.33 trillion). click here to read. I have no idea how the trade … Read moreRecession within 12 months, if China-US trade war gets worse.

Malaysia in watchlist for currency manipulation? Same list as China… Should we be worried?

Will China – US trade war affect the economies of other countries? Briefly, yes. However, in the many analysis thus far, it seems that the trade war may actually benefit trade partners of both China and the US as these countries will likely be the intermediary to facilitate the trade between both of them. Else, … Read moreMalaysia in watchlist for currency manipulation? Same list as China… Should we be worried?

Yeah, banks are lending. Proof here.

I do not subscribe to the view that the banks are the problem to the current number of unsold properties in the market. Many are saying that the reason is because the banks are not lending enough for property purchase. I think it’s best that potential buyers decide that they should buy something more fitting … Read moreYeah, banks are lending. Proof here.

Property prices? Following inflation is fine. What’s the number?

Whenever people ask me how much will property prices rise these days, I always tell them that it is okay for the prices to just follow the inflation numbers. The reason for saying so is very simple. Yearly increments could be 5% but that’s based on monthly salary. Thus, RM5,000 x 5% = extra RM250 … Read moreProperty prices? Following inflation is fine. What’s the number?

When economy is not well, property market should not do well.

Every time I start speaking about property market, I will start with the economy. Let’s understand that the fundamental for the property market is the economy. It is not about 30% of the properties being purchased by foreigners for example. It is definitely not when affordability becomes non-existent and every property in the market beyond … Read moreWhen economy is not well, property market should not do well.

When rates are cut, what does it say?

This was widely shared by all media whether big or small yesterday. Even within Whatsapp groups, I got the same news no less than 5 times. Okay, so Bank Negara Malaysia (BNM) has decided to cut the Overnight Policy Rate (OPR) to 3%. It’s a reduction of 0.25% and this was the FIRST time they … Read moreWhen rates are cut, what does it say?

Lower rates are possible. Home buyers rejoice?

Generally, when an economy does very well, the interest rates are raised. The central bank does not want the economy to get overheated, does not want too much speculative activities (people simply buy properties, stocks and everything) and does not want inflation to up too much. (way faster than salary increment for example). Then, why … Read moreLower rates are possible. Home buyers rejoice?

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