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84% of homebuyers have only ONE (1) outstanding home loan. :)

To be honest, this is the first time I have heard of an index called the The Malaysian House Price Index (MHPI). Since this is by Bank Negara, I am quite sure it is published periodically. The latest showed that residential prices across the country are stabilising. Last year, in Q4, MHPI rose only 9.6% … Read more84% of homebuyers have only ONE (1) outstanding home loan. 🙂

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Q1 2014 – 6.2% – Domestic demand plus net exports

It was an extremely healthy growth by any standard. 6.2% for Q1 2014 for Malaysia. In fact, the consensus by a poll of 22 economists by Bloomberg showed the expectation to be 5.7%. In the last quarter of 2013, the growth was 5.1%. Bank Negara governor, Tan Sri Zeti Aziz said that the first quarter growth … Read moreQ1 2014 – 6.2% – Domestic demand plus net exports

Latest update, Interest Rate, Malaysian economic situation

Malaysia central bank governor Zeti Akhtar Aziz said that a prolonged period of accommodation could encourage investors to misprice risk and misallocate resources. In laymen terms, this simply means that interest rate cannot be low all the time because people may take too much risks and simply buy,buy, buy or also known as speculate.  This … Read moreLatest update, Interest Rate, Malaysian economic situation

Buying property? Higher interest rates in 2014

Many experts / bank analysts are expecting the BNM (Bank Negara Malaysia) to revise upwards the OPR (overnight policy rate) by 0.25%. Typically this meant that the interest you pay for mortgage would go up by similar figure. Some say as soon as Q1, some say Q2. This is unavoidable due to inflationary pressures. As … Read moreBuying property? Higher interest rates in 2014

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