Freedom, GEABSOLUTE POWERS CORRUPT ABSOLUTELY, General Election (GE15), Malaysia, Politics, polling Nov 19: Destroy Umno for the betterment of Malaysia, race, religion, Solidality, support Aliran for Justice

Share This

Showing posts with label family. Show all posts
Showing posts with label family. Show all posts

Sunday 14 February 2021

Be sexually safe this Valentine’s


Don’t let your partner kiss you if they are recovering from a cold sore or ulcer caused by HSV-1 as they can still pass the virus on to you. — AFP

G. vaginalis is the most common bacteria in the vagina and a common cause of bacterial vaginosis. — Filepic


https://youtu.be/2iWShIc3SiI 

 Absolutely amazing video clip... I really appreciate it..... Its an eye opener for our new generation who forget their roots and traditions. That's what have made us retrogress somehow to lead to immoral aspects.... Thumbs up to sender, Sister Swa

 

Being in a monogamous relationship, or abstaining from sex, doesn't necessarily guarantee from sexually-transmitted infection.

 Valentine's day usually invokes the notions of love and romance.

Just imagine, you are on a nice dinner date with your other half and spend the night together in an almost fairytale-like evening.

But this lovely memory soon gets shattered when you or your partner discover unusual symptoms in the genital region.

Suddenly, worry – and even suspicion of each other – fills the atmosphere between the two of you.

And it doesn’t help that it is a topic many people might find difficult to bring up with their partners.

Truth be told, most men and women who are in faithful relationships or who have not had sex before do not expect any unusual symptoms in their genital region.

To suddenly discover a wart, a painful ulcer, or even a smelly and fishy discharge from the vagina, can be distressing.

Whether it’s kissing, skin to skin contact, or vaginal, oral or anal sex, each of these interactions can pose a risk of disease transmission.

But before you jump the gun and start thinking that your partner has cheated on you or lied about their sexual history, hold your horses – he or she could still be innocent!

Here are the top three sexually-transmitted infections (STIs) that one may develop even if you are in a faithful relationship OR have not had sex before.

> Herpes simplex virus (HSV) 1

HSV-1 results in an incurable viral disease commonly known as herpes, which usually causes cold sores and oral ulcers in and around the lips and gums.

These cold sores and ulcers usually cause quite a bit of discomfort, especially when eating.

However, during the recovery stage of the cold sore or ulcer, you will usually not feel anything and may not even remember that you have it.

But it is still infectious at this stage and you may inadvertently spread the virus to your partner while kissing them.

The tricky part comes if you’ve engaged in oral sex with your partner.

Your partner may then develop ulcers around their genital region.

It is a misconception that genital ulcers are exclusively caused by HSV-2 as HSV-1 can also cause such ulcers.

According to the World Health Organization (WHO), about 70% of the world’s population are carriers of HSV-1. The good news is that oral and genital herpes are often asymptomatic (do not have symptoms).

They also do not spread to your partner when there are no active ulcers.

They only flare up when your immune system is weakened and become contagious through contact when an ulcer is present.

Flare-ups can occur once every few months to once every few years, to even once every few decades.

You may experience tiredness, chills, fever and body aches before the painful ulcers emerge, often in the same place either at the genitals or mouth.

It is not all doom and gloom however, as you can get an accurate diagnosis with either a swab test of the active ulcer or a blood test two to three months after an active infection.

Getting a confirmed diagnosis can equip you with knowledge on how to prevent this infection with lysine supplements or by treating any active ulcers with antiviral medicines such as valacyclovir.

If left untreated, these ulcers often get painful, but will eventually recover by themselves after two to three weeks.

> Human papillomavirus (HPV) warts

I know it’s a lot to take in after hearing about HSV, but hang in there as we discuss our next disease: HPV warts.

These are cauliflower-like warts caused by HPV.

There are over 100 strains of HPV.

Apart from the 14 cancer-causing high-risk strains, there are also numerous low-risk strains that cause warts.

HPV warts do not turn into cancer, but are often unsightly and manifest themselves in and around the genital region.

HPV is a very common virus that can be found in a large majority of sexually-active persons.

However, it is often well-controlled by our immune system and does not cause any major symptoms.

HPV can be exchanged between you and your partner during sexual contact.

And when your body encounters a new HPV strain, it can cause the warts to develop.

The good news is that although it is unsightly, these warts are often harmless and can be treated with a variety of options, including creams, freezing with liquid nitrogen, and ablation with heat or electrocautery.

While these warts are easily treatable, a cause of greater concern are the high-risk strains like HPV 16,18 and 45.

These strains affect women more because of their ability to cause cervical cancer.

However, both women and men can protect themselves and their partners by getting vaccinated against these strains.

So fret not if you notice an unusual cauliflower-like lump or wart in the genital region; just speak to your doctor to get it assessed and treated.

> Bacterial vaginosis

Last but not least, one of the biggest causes of a fishy and foul-smelling vaginal discharge is the condition known as bacterial vaginosis.

It occurs when there is an imbalance between the good and bad bacteria in your vagina, and is often caused by the bacteria called Gardnerella vaginalis, the most common bacteria in the vagina. 

In the event of a big build-up of bacteria, it can also cause one to develop symptoms of vaginitis, i.e. inflammation of the vagina, resulting in swelling, pain, and even painful sexual intercourse.

Until now, doctors and scientists do not know the exact mechanism of how this occurs, but sex – with or without condoms – often exacerbates this condition.

This condition can be easily diagnosed with a vaginal swab and treated with a vaginal pessary or oral antibiotics.

If you have read up to here, fret not, today can still be an amazing day for you and your partner – just make sure you practise safe sex and get yourselves tested for STIs as a precaution if you haven’t already.

By Dr Julian Hong who is a general practitioner (GP) in Singapore. For more information, email starhealth@thestar.com.my. The information provided is for educational purposes only and should not be considered as medical advice. The Star does not give any warranty on accuracy, completeness, functionality, usefulness or other assurances as to the content appearing in this column. The Star disclaims all responsibility for any losses, damage to property or personal injury suffered directly or indirectly from reliance on such information.

Source link

 

Related posts:

 

  THE Chinese Zodiac consists of 12 animals that represent certain years. The year of your birth is represented by one of these animals, and.

 

  An Ox-spicious Spring at Furama this Chinese N ew Year That’s something we can do at home to welcome the Year of the Ox and still hav...

Thursday 11 February 2021

CNY reunion dinner: Toss the fish for an ox-spicious start

 An Ox-spicious Spring at Furama this Chinese New Year


That’s something we can do at home to welcome the Year of the Ox and still have ‘din-dining’ fun with a bit pre-recorded help.


IT’S going to be a cheap Chinese New Year. For one thing, I haven’t even gone to the bank to get new notes for ang pow. Since I won’t be visiting or expecting visitors, there’s no point in preparing the red envelopes.

Despite the amended SOP allowing 15 family members within 10km radius to attend, my reunion dinner will be kept to just seven of us – including my maid – living in the same house. My sisters will not be able to return from Sydney or Singapore this time.

I have hung up my red lanterns, traditional decorative knots, set up vases of pussy willow, silk peonies and peach blossoms and bought baskets of mandarin oranges to make the house more festive.

But there is a hollowness to it. No one has been feeling bullish ever since our infection rates spiked dramatically and the movement control order was reimposed and now extended.

As for the reunion dinner, no one feels like having the traditional steamboat which is best eaten with lots of people. So we will tapau salted egg crabs from our favourite seafood restaurant and I will add a few home-cooked dishes.

Our lou sang dish will be made with the store-bought pickled and preserved ingredients as well as freshly grated daikon, carrots, pomelo and Korean pear. Instead of raw salmon, I am going to try it with unagi, Japanese grilled eel.

This is the thing I miss most this CNY: not being able to meet friends for lunch and dinner and noisily toss the fish. In previous years, I could happily lou sang at least half a dozen times.

My sister who lives in Singapore told me the government has taken a different approach. Dining-in at restaurants is allowed but with strict instructions how it should be done.

She says diners aren’t allowed to remove their face masks except to eat and drink. They put the masks back on to chat after the eating is done.

That is actually the right thing to do. We relaxed our restrictions to allow dining and we assumed we were somehow safe to strip off the mask because we are eating and or drinking. Well, serves our ignorance right. That is probably one of the causes of infections going up and spreading into the community.

I learned of a case in Seoul involving two Covid-19 positive people sitting in a coffee outlet. They were asymptomatic and were in the shop for hours, working on their laptops, sipping their coffee with their masks off.

By doing so, they became super-spreaders to many others who were also unmasked and sharing the same enclosed space. What is interesting and telling is that none of the waiters and staff who were masked all the time got infected.

That’s why Singapore’s Health Ministry’s SOP for diners this CNY is as follows:

“Those who are dining out should make sure they wear a mask if they are not eating or drinking. We already do not allow singing (including by diners) and other live performances at F&B establishments and work-related events where food is served.

“Diners should also avoid raising their voices, at all times. This also means that face masks must be worn during the tossing of yusheng (raw fish), and that the lohei (tossing of the fish and the other ingredients in the dish) should be done without any verbalisation of the usual auspicious phrases.

“F&B establishments and enterprises serving lohei must ensure that both the staff and patrons comply with these requirements.”

That does take the joy and fun out of the lohei ritual because we loud, noisy Chinese do love “din-dining” but there is a good reason for the ban. Research already shows that when we sing or shout, our spit droplets fly much wider and further.

But an enterprising Singaporean vlogger has loaded a video on YouTube entitled Auspicious Lohei Sayings and Prosperous Wishes With One Minute of Huat Ahh! that you can play for some festive noise.

I think it’s a good idea to resort to playing the video even when we lohei at home with family members.

If you are not happy with the video’s sound effect, I suppose you can prerecord your own auspicious phrases with CNY music in the background and maybe the sound of firecrackers going off too.

Singapore’s SOP goes further: Since Jan 26, “To further mitigate the risk of large community clusters arising from infections that spread within a household and through them to all their contacts, we will impose a cap of eight distinct visitors per household per day. Individuals should also limit themselves to visiting at most two other households a day, as much as possible.”

As my sister mused, is this enforceable? Probably not. That’s why the SOP appeals to everyone to cooperate with the new measures.

That’s the best all of us, whether in Singapore, Petaling Jaya or Sydney, can do. Respect proper mask wearing, maintain physical distancing and spend as little time as possible in one place, especially if it’s an enclosed space. Avoid crowds and wash those hands frequently!

Meanwhile, like everyone else, I will breathe a sigh of relief on Friday when we see the last of the Rat and we usher in the Year of the Niu. Niu is the Chinese character that generally refers “to cows, bulls, or neutered types of the bovine family, such as common cattle or water buffalo”, says Wikipedia.

Somehow, when it comes to naming the Chinese new year, the English translation of niu is ox and not cow or bull. We don’t say “year of the cow” or “bull”.

Yet, the popular image of the niu depicted on greeting cards and ang pow envelopes, of mall decorations, is that of a bull poised to charge with mighty horns, full of power and virility.

Indeed, the bull figures in many cultures, worshipped as a god and the ancestor of kings in several ancient civilisations.

But it is the domesticated, humble cow/bull/ox that has served humankind much more. For thousands of years, as oxen, they have been harnessed to plough fields, thresh and grind grain, pull carts and other heavy loads. For that purpose, oxen are usually castrated – and therefore more docile – cattle. As cows, they provided milk and as cattle, were slaughtered for their meat and hides.

In Chinese culture, the niu is seen as good-natured, hard-working, dependable and associated with good harvests and fertility. It has been anthropomorphised to have the qualities of gentleness, loyalty and trustworthiness.

According to Jupiter Lai, a Chinese astrologer quoted by The Japan Times, 2021 is the Year of the Metal Ox with the earth element, “representing stability and nourishment” which is exactly what the world needs now.

The world was driven crazy by the devious Rat whose year was fuelled by its yang energy. The Ox will bring in much needed yin energy to calm things down. At least that’s what the fortunetellers are saying. And very carefully at that.

I actually find it quite amusing that all the feng shui and Chinese horoscope websites seem to be very cautious in predicting what’s in store in 2021. I know of none who got it right for 2020.

Even without the soothsayers telling us, we know there will be long and difficult months ahead. But for the next week or two, let’s try to uplift our spirits, give thanks for a brand new year and pray for everyone’s health.

Stay vigilant! Gong Xi Fa Cai!

By June H.L. Wong -The views expressed here are the writer’s own.

Source link

 

Related

 

Xi extends Spring Festival greetings to all Chinese



https://youtu.be/kXmeRzutqsA 

 

Related posts:

 

https://youtu.be/NB2i64gTnUo   China's Tianwen-1 probe successfully entered orbit around Mars on Wednesday after a nearly seven-mon..

Tuesday 15 September 2020

All steady on the home front in Penang residential properties

Sales done: According to Knight Frank Malaysia, there are pockets of success by some developers reporting bookings and sales for their affordable homes during the movement control order period despite the fact that physical viewings were disallowed.

DEMAND for residential properties in Penang is expected to remain steady during the second half of 2020, especially if the homes are from renowned developers with good quality products.

Knight Frank Malaysia executive director Mark Saw says there are pockets of success by some developers reporting bookings and sales for their affordable homes during the movement control order (MCO) period (from March 18 to May 3), despite the fact that physical viewings were disallowed.

“In this challenging environment, developers with a strong brand name and good delivery of quality products should still achieve decent returns and the gap between higher and lower quality properties will become more evident with better sales for those able to deliver.

“These factors will play a critical role in determining the success of developments. It has become a buyer’s market and many deals are being offered by developers to attract first-time buyers as opposed to investors who have been temporarily sidelined, ” he tells StarBizWeek.

Due to the Covid-19 pandemic, Saw says buyers’ preferences and timings may change, with decisions being put on hold due to job security, ample choices and rentals being more competitive.

CBRE|WTW director Peh Seng Yee says the pandemic’s impact has been softened in the second half of the year with the recovery MCO (which was implemented from June 10).

CBRE|WTW director Peh Seng Yee says the pandemic’s impact has been softened in the second half of the year with the recovery MCO (which was implemented from June 10).CBRE|WTW director Peh Seng Yee says the pandemic’s impact has been softened in the second half of the year with the recovery MCO (which was implemented from June 10).

“As housing is a necessity and with the bank loan moratorium, the residential property sector has been cushioned from the worst impact.

“Hence, the residential market is expected to remain resilient for the second half of 2020. Significant growth is not expected yet as the issue of property overhang, lack of spending confidence by consumers and stringent lending policies by banks are expected to still linger for the remainder of the year.”

Additionally, both Saw and Peh agree that the reintroduction of the Home Ownership Campaign (HOC) was a much-needed boost to the local property market. The government reintroduced the HOC in June under the Short-Term Economic Recovery Plan (Penjana).

Mark Saw: In this challenging environment, developers with a strong brand name and good delivery of quality products should still achieve decent returns and the gap between higher and lower quality properties will become more evident with better sales for those able to deliver. 
Mark Saw: In this challenging environment, developers with a strong brand name and good delivery of quality products should still achieve decent returns and the gap between higher and lower quality properties will become more evident with better sales for those able to deliver.

Peh says the HOC is expected to continue to spur the buying momentum for residential properties in Penang over the short term.

“Developers are experiencing a pick-up in bookings by buyers compared with the first half of 2020, which was mainly affected by the MCO.

“However, the encouraging bookings have yet to be fully translated into good actual sales, due largely to stringent lending policies by the bank and the challenges and uncertainty in the economy and job market.”

Saw also believes the HOC will be a short-term reprieve for the local property market.

“The HOC initiatives will only be a temporary measure. For the long term, developers should carry out proper feasibility studies to determine the marketability of their products before commencing developments and ending up with unsold units.”

According to Saw, the volume of residential transactions in Penang decreased 19.7% to 2,748 units in the first quarter of 2020 compared with 3,422 units in the fourth quarter of 2019.

“The value of transactions in the residential sub-sector during the first quarter (RM1.06bil) indicated a drop of 17.2% compared with RM1.28bil in the fourth quarter of last year, ” he says.

Under the HOC, stamp duty exemption will be provided on the transfer of property and loan agreement for the purchase of houses priced between RM300,000 and RM2.5mil.

Meanwhile, the exemption on the instrument of transfer under the HOC is limited to the first RM1mil of the home price, while full stamp-duty exemption is given on loan agreement effective for sales and purchase agreements signed between June 1 and May 31,2021.

The government has also announced real property gains tax (RGPT) exemption for Malaysians for the disposal of up to three properties between June 1,2020 and Dec 31,2021.

The HOC was kicked off in last January to address the overhang problem in the country. The campaign, which was initially intended for six months, was extended for a year.

It proved successful, generating total sales of RM23.2bil in 2019, surpassing the government’s initial target of RM17bil.

Meanwhile, Knight Frank in its Real Estate Highlights Research for the first half of 2020 says that amid the current global recession, Invest Penang has revised downwards its foreign direct investment (FDI) target for 2020 to RM5mil.

“This will be supported by the shift towards Industry 4.0 and the various tax incentives and reinvestment allowances as announced under Penjana that seeks to promote Malaysia as a choice destination for FDIs.”

To clear RM2.6bil worth of 3,043 overhang units in the state, Knight Frank says the Penang local government, housing, town and country planning committee has announced that the state will reduce the minimum price threshold for foreign property ownership by up to 40% starting from June 11,2020.

“Ceiling prices for stratified properties on the island will be reduced by up to 20% from RM1mil to RM800,000 and on the mainland, from RM500,000 to RM400,000.”

In the high-end condominium segment, Knight Frank says IJM Perennial has put on hold the development of The Light City.

“Prior to the Covid-19 pandemic, the group had indicated that it would resume development in August 2020. To be developed over a period of more than four years, Phase 1 will feature a mall with 680,000 sq ft net lettable area, the Penang Waterfront Convention Centre, a four-star hotel with 500 rooms, offices and the ‘Mezzo’ residential condominiums.

“Meanwhile, for Phase 2, there are plans for a 300,000-sq-ft mall, a five-star hotel with 250 rooms, offices, the ‘Essence’ residential condominiums and possibly an experiential theme park. It is worth noting that the commencement of Phase 2 will be determined by the sales of the Mezzo condominiums and the occupancy of the mall.”

As for the office sub-sector in Penang, Knight Frank says the average occupancy rate for four prime buildings monitored in George Town remained stable at 89%.

“According to the latest National Property Information Centre report, the average occupancy rate in the state continued to hold steady at 81.4% in the first quarter of 2020 (compared with 81.3% in the fourth quarter of 2019).”

 Source link

Related posts:

Young buyers flock to property market

 

It’s the right time to invest’ 


https://youtu.be/wT4fZ9IcR6c https://youtu.be/nzqy79-m8Z0 Extension for those in need | The Star Rapt attention: Laun...
( From left) Chow looking at the Penang NCER human capital graphic info. With him are John, state executive councillor Datuk Abdul Halim .

Do we still need an office?

Millennials now make up over a third of the workplace and overwhelmingly value flexibility in where, when and how to work. And top talent has been increasingly clustering in dense urban areas and has been unwilling to commute to suburban office parks

We found that data availability and transparency in the real estate sector is less than what we were used to when we were


Related news:


Potential new DIBS boon


PropertyGuru raises S$300mil to accelerate growth in SE Asia

Minister: Unsold high-end properties here to be offered to HK ...

Vacancy tax – timely solution to problem of property overhang


Insight - Solution sought for unsold high-end properties | The ...


Vacancy tax on back burner | The Star

EXCLUSIVE It's off!: Proposed tax on unsold property put on ..

Sunday 6 September 2020

The dark reality: education, teachers, children, helicopter parents, Covid-19, unjust lawsuits,society, media, 如所解释的,不要抱怨杀死你的老公 ...

2+2=22

The videos below show a teacher telling a student that he failed because he wrote the incorrect answer – that 2 + 2 equals 4, not 22. In his frustration, he throws a tantrum in the classroom. When the parents are called in to discuss the situation, they also throw a tantrum, claiming there is more than one answer to any question.....










Coronavirus: Covid-19

 


Covid 19 Origin #0 patient




Grandma Goes Off on Trump

 

 

Related  Family matters:

 

SUCCESS: 

 

Mrs. LKY: “The Dragon Lady” – Singapore Politics: Blog

jesscscott.wordpress.com




FAILURE:

Mrs Najib: Rosmah Mansor Draws flak » rosmah



















Related posts:




https://youtu.be/uR_LfkGwBG8 As readers will recall from the earlier article (above), Japanese and Taiwanese epidemiologists and pharma...

https://youtu.be/Y_dU2RCqWs4 FORCED TO SHUT DOWN WHEN VIRUSES LEAKED AUGUST 2019    US SOLDIERS WERE INFECTED 300 HUNDRED CAM

Friday 7 August 2020

Young buyers flock to property market

Why millennials are flocking to real estate

Interest rate cuts, govt incentives spur buying interests


“We believe the strong growth in our young buyers is both a natural evolution and as a result of a conscious strategic effort we have made to appeal to this important customer group,"-
Datuk Chang Khim Wah
 
Eco World Development Group Bhd president and chief executive officer Datuk Chang Khim Wah told StarBiz the increase in younger buyers was due to a conscious strategic effort made by the group to appeal to this target market.


Property developers are seeing a pick up in sales, especially from younger buyers, as the numerous interest rate cuts and government incentives have spurred buying interest.

Eco World Development Group Bhd president and chief executive officer Datuk Chang Khim Wah said the increase in younger buyers was due to a conscious strategic effort made by the group to appeal to this target market.

“During our initial years of operations (circa 2015) the percentage of young buyers (below 40 years old) was around 43% and today it is more than 70%.

“We believe the strong growth in our young buyers is both a natural evolution and as a result of a conscious strategic effort we have made to appeal to this important customer group, both through the products we are offering as well as the way in which we engage them via social media and digital channels, ” he told StarBiz.

Of the 70%, Chang said around 50% are in their 30s and the remaining 20% are in their 20s. “We are particularly happy that a good number of these buyers include children of our own customers and residents in the vicinity of our development. This validates our efforts over the last few years to make a strong pivot to serve the needs of this market segment and the wider M40 group.

“Our upcoming launch of the new Duduk series of vertical townships offering semi-furnished apartments priced below RM400,000 at Eco Ardence and Eco Sanctuary, as well landed homes starting from RM500,000 at Eco Botanic 2, will enable us to further capture the hearts and minds of this very important market segment.”

Chang said the prolonged movement control order (MCO) period has really made many young people realise that the quality of home and living environment matters greatly.

Mah Sing Group Bhd chief executive officer Datuk Ho Hon Sang (pic below) said as the bulk of its projects comprised units within the affordable range segment, the majority of its buyers comprised those below 35 years of age.


“For Mah Sing, 84% of our target sales for 2020 are for residential properties priced below RM700,000 with key focus in the affordable segment. We typically see about 65% of buyers who are 35 years and below, for most of the affordable projects were launched in recent years. Hence, the majority of our buyers are first time homeowners.”

Despite the challenging market environment in view of the Covid-19 pandemic, Ho said demand continues to be resilient as property remained one of the safest forms of asset class for long-term capital protection and appreciation.

“Malaysia’s population is still very young with 66% below 40 years old and as such, household formation continues to be strong. Affordably-priced properties of good quality and at strategic locations remain highly sought after.

“This is especially for first-time home buyers, which augers well for Mah Sing’s product composition.”

Sunway Property said it is seeing increasing interest from younger buyers from 25 years to 35 years in its properties that are transit-oriented and have good facilities nearby.

“For example, our developments such as the transit-oriented Sunway Avila in Wangsa Maju, the integrated and transit-oriented Sunway Velocity TWO and the youth-focused development of Sunway Grid in Sunway Iskandar has seen enthusiastic response from younger purchasers, ” it said.

Property data, analytics and solutions provider MyProperty Data chief executive officer Thor Joe Hock said the median age for residential property transactions has gradually dropped over the years.

“When we look at the over 2.5 million residential property transactions, including serviced apartments, it appears that the median age of buyers from 2000 to 2019 has remained largely unchanged at between 34 to 35 years of age.

“However, when you break it down into landed and non-landed transactions, we start to get a clearer picture. The median age for non-landed properties has fallen from 40 years in 2000 to 28 years in 2019; while the median age for landed property purchasers marginally decreased from 40 years to 37 years over the same period.”

MyProperty Data manages a property data portal called PropertyAdvisor.

Meanwhile, Lagenda Properties Bhd managing director Datuk Jimmy Doh said more than half of its buyers are below 39 years of age.

“We believe as young people start new phases in their lives, for example getting a job or starting their own families, they prefer to stay independently and have their own space, granted that the properties are within their price range.

“Over the past few years, we have been seeing an increase in buyers. Our properties are priced below RM200,000, ” he said.

MIDF Research in a recent report said the aggressive overnight policy rate (OPR) cuts have improved home buyers’ purchasing power.

“Bank Negara cut its overnight policy rate for the fourth time this year by 25 basis points (bps) to a record low of 1.75% in July due to the severe impact of the Covid-19 pandemic on the global economy. The aggressive OPR cuts this year are positive to the sector as it improved home buyer’s purchasing power by reducing loan installments.

“We estimate monthly installments to reduce by 14%, after 125 bps cut for RM500,000 loan with a loan repayment period of 30 years, which is quite significant in our view. Hence, we think the record-low interest rate will partly help to alleviate home buyers’ issue of securing home financing, as the record low yield has boosted the affordability of home buyers.”

MIDF Research also said it expected loan demand to recover in the second half of 2020.

Citing Bank Negara’s statistics, it said total applied loan for the purchase of property improved sequentially by 52.9% month-on-month to RM13.1bil in May, after plunging by 64.8% month-on-month in April.

“Note that total applied loan recorded steep decline in April due to the disruption to business activity following the commencement of the MCO.

“Nevertheless, total applied loan in May was lower by 61.8% year-on-year while cumulative total applied loan in the first five months of 2020 was lower by 33.6% year-on-year, indicating buying interest was subdued.”

Looking ahead, the research house expected buying interest to recover in the second half of this year, spurred by incentives introduced by the government.

Under the Short-Term Economic Recovery Plan (Penjana), which was announced in June, the government reintroduced the Home Ownership Campaign (HOC). Under the HOC, stamp duty exemption will be provided on the transfer of property and loan agreement for the purchase of home priced between RM300,000 and RM2.5mil.

Source link

Related:


Related posts


‘It’s the right time to invest’ 


https://youtu.be/wT4fZ9IcR6c https://youtu.be/nzqy79-m8Z0 Extension for those in need | The Star Rapt attention: Laun...
( From left) Chow looking at the Penang NCER human capital graphic info. With him are John, state executive councillor Datuk Abdul Halim .

Do we still need an office?

Millennials now make up over a third of the workplace and overwhelmingly value flexibility in where, when and how to work. And top talent has been increasingly clustering in dense urban areas and has been unwilling to commute to suburban office parks

We found that data availability and transparency in the real estate sector is less than what we were used to when we were