Category: Malaysian economy and BNM
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Prices will increase, after GST. True?
A colleague spoke to me when we left office the other day. He said that he had missed the pre-GST property purchase. His friend told him that after GST is implemented, the property prices will increase. Another friend spoke to me last weekend about a friend who told him that she regretted buying a secondary…
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GST, thus retail sector down? Great Sale Tomorrow.
Every report we read nowadays would tell us that Goods and Services Tax (GST) is going to affect the retail sector. Let’s skip property market for this time. It said the reason for the drop in retail sales is based on the experience of other countries which has implemented GST, the retail would be down…
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Interest rates ‘accommodative’ and single currency thought
I am happy to read this piece of news from an article today. It quoted the Bank Negara Malaysia’s Governor Tan Sri Zeti Akhtar Aziz as saying that, “Right now, our interest rates are accommodative, and very supportive of the economy. We will review conditions but right now our economy is on a steady growth path…
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Banks’ exposure to property market increased
This is very important for the property market longevity. Imagine if all the banks that we know today have majority of their lending to only property related loans. Yes, only to commercial, residential or any type of property. Well, it’s great if the property market continues to increase in price. The bank’s profits increases tremendously…
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US$1 to RM4 soon, rate hike by US Federal Reserve
Over 1 month ago, a frequent commenter for kopiandproperty.my said that Bank Negara Malaysia should do something to prevent Ringgit from dropping further. I replied to his comment in Facebook that there is nothing much that Bank Negara can do because Ringgit is an internationally traded currency and Malaysia is a huge trading nation. It…
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1MDB is “manageable risk” – Fitch Ratings
Two friends did not believe me when I told them that 1MDB may be a huge issue for a few famous people but it will not affect the economy adversely and certainly have got very little to do with Ringgit depreciation or rather US$ appreciation. My earlier article here: RM down, end of the road…
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Household Debt Malaysia? Better.
First of all, the household debt to gross domestic product has risen marginally to 87.9% compared to 86.8% a year earlier. Actually, in percentage, it’s getting worst! However, look one level deeper and we can heave a sigh of relief because 80% of all new loans had a debt service ratio (DSR) of less than…
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RM down, end of the road soon?
A Facebook comment I saw prompted me to write down my personal views about my country’s currency, Ringgit (RM). Of course, if that Facebook user can write his comments and share with the world, I should be allowed to also write my comments with actual references to actual currencies in the world. This is not…
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Property market down but bigger developers fine
Many say when your company is smaller, it is more nimble, more flexible and can react to changes faster. Quite true. However, for property developers, size does matter. The bigger you are, perhaps the more resilient you are. In fact with the right planning, during current slowdown you may be able to focus on affordable…
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GST vs the supply and demand?
There’s one question that I would always pose to any analyst. Can GST beat the demand vs supply equation for the property market. To those who answer, maybe not in total but it can distort the market, my next question would be for how long. If the answer is 6 months, then I think the…
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Higher maintenance fees due to GST
Until today whenever anyone were to ask me if a certain condo is worth buying, I have always asked them to look at the maintenance of the condo. Even if it is a 10 year old project, if the maintenance is ok, they should go ahead. However, for a new condo, if the maintenance starts…
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47 MNCs and 6,312 work opportunities
Many years ago I read about an entity called InvestKL. Their goal was to attract 100 multinationals (MNCs) to set up their regional hubs in Greater KL. As usual, lots of questions such as what is the size of these 100 MNCs, is the goal realistic, how much can these 100 MNCs help Greater KL…