tag:blogger.com,1999:blog-36739260.post5553145983813851301..comments2023-10-10T15:44:38.677+08:00Comments on KnowThyMoney: Watchout: Harder To Get Property Bank Loan Next Year, 2012Krishttp://www.blogger.com/profile/01618400061723721064noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36739260.post-71557542360847787912011-12-09T18:17:16.899+08:002011-12-09T18:17:16.899+08:00Thanks, Angie for dropping my blog and good questi...Thanks, Angie for dropping my blog and good questions.<br /><br />I not sure what steps Bank Negara will take? Perhaps a stress test on all local banks.That would be interesting and certainly the result might impact the KLCI heavily. So far , I don't hear any stress testing on Asian banks.<br /><br />If you look around, there is a-lot of empty condos, that were bought for investment purposes. Most people hold them to flip, hence they are lazy to even rent it out. These are the strong hands. Rental prices might become competitive, if their hands weakened and decided to rent it out as the economy worsens. Hence, supply will increase.<br /><br />I think rental yield right now is not so good unless you manage to buy cheap or managed to get an expatriate who is willing to pay a premium.<br /><br />Another key to property investment is holding power aka the ability to service your monthly payment either through getting some "subsidies" from rental or paying it through your own pocket. <br /><br />Property flippers tend NOT to rent out their property since they might get a good offer but unable to kick out existing tenants due to contract. :)<br /><br />The biggest danger on a weakened economy is this: Buying unfinished /uncompleted/progressing development. You might get left in the lurch and be in huge DEBT since Malaysian housing laws don't favor house buyers.Krishttps://www.blogger.com/profile/01618400061723721064noreply@blogger.comtag:blogger.com,1999:blog-36739260.post-39143668770940305452011-12-09T00:09:08.135+08:002011-12-09T00:09:08.135+08:00Hi Kris, good article. But whats the next ruling ...Hi Kris, good article. But whats the next ruling gonna be, do u have an idea? <br /><br />On the loan or stamp duty or what?<br /><br />I'm a msian migrated to SG but kept abreast of msian property scene because i've a portfolio of properties there myself. So if more and more can't afford to own properties, will the rental yield increase? Based on demand & supply theory it would right?Angie TLChttps://www.blogger.com/profile/12782796797833964219noreply@blogger.com