September 8, 2010
Home Loan
Bank Islam,
BFR,
CIMB Bank,
Hong Leong Bank,
Maybank,
OCBC,
Rate,
Residential Properties,
RHB Bank,
UOB
That’s true. There is a new round of price war among banks for consumer loans, with the new mortgage rate going down to as low as base lending rate (BLR) -2.3%. The current BLR rate is 6.3%.
This is a very good news to property investors because they can obtain cheaper loan to buy more properties. With the news that Malaysia properties are booming, there are more reason to buy properties especially medium to high end landed properties.
There was a lots of interest in Malaysia properties priced below RM2mil and less movement among the higher end homes. Many foreigners especially from Singapore keen to invest in Malaysia due to affordability.
The new mortgage rate is now down to as low as BLR-2.2% since end-July.
After a quick check, below are the rates offered by some of banks. I believe other banks also have the same competative rate.
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TERRACE HOUSES SOLD FOR RM1M! BUYERS CAMP FOR 10 NIGHTS TO BUY A NEW HOUSE! HOMES BECOMING TOO COSTLY FOR THE AVERAGE MALAYSIAN! These are just some of the headlines that in no small way reflect a recent real estate phenomenon characterised by spiraling property prices and Malaysians’ thirst for newly launched houses. The aim of this report is to help investors understand the real estate environment we are living in, what is likely to happen in the future and how to profit from this ever-dynamic real estate sector.
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OSK Research predicted that, Malaysia’s property sector is set to see its biggest residential boom in a decade, led mainly by medium- to high-end landed properties.
The sector may peak sometime in 2012 to 2013 before going into a potential slump.
OSK Research said a major mass housing boom will likely occur in the first half of this decade. It added that the sector was already entering the early stage of a property “super cycle”.
Although the expected peak in 2012 – 2013 may have dire consequences, the phenomenal boom that immediately precedes it gives investors an excellent opportunity to profit from the trend for at least the next 12 months.
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September 2, 2010
Fixed Deposit
Affin Bank,
Alliance Bank,
AmBank,
CIMB Bank,
Comparison,
EON Bank,
Hong Leong Bank,
HSBC,
Islamic,
Maybank,
OCBC,
Public Bank,
RHB Bank,
Standard Chartered
Yesterday, we look at conventional fixed deposit rate for September 2010. However, if you prefer to deposit in Islamic Fixed Deposit Account or commonly known as General Investment Account (GIA-i) instead of conventional fixed deposit account, the rates are shown in the table below.
Kindly note that, the rate showed in the table below are only indicative. It means that, the rates may changes according to agreed profit sharing ratio. Alternatively you may want to look at this page.
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September 1, 2010
Fixed Deposit
Affin Bank,
Alliance Bank,
AmBank,
CIMB Bank,
Citibank,
Comparison,
Conventional,
EON Bank,
Hong Leong Bank,
HSBC,
Maybank,
OCBC,
Public Bank,
Rate,
RHB Bank,
Standard Chartered
Fixed Deposit is known to be one of the most secure investment but with a lower return. If you like to invest your money in fixed deposit you may choose from the list below to maximize your return.
Fixed deposit rate is on the rise because Bank Negara Malaysia (BNM) started to raise OPR rate. The last rate increase was on July 2010.
The table below are the latest conventional fixed deposit rate as of September 2010. Alternatively you may look at this page.
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