/// Contributor
Michael Yeoh
The Mortgage Expert
With over 15 years of experience in the
mortgage and investment industry and
working with prominent companies
such as Standard Chartered Bank,
Hong Leong Bank, HSBC and Hwang
DBS Unit Trust, Michael has helped
thousands of loan borrowers by
providing comprehensive mortgage
advisory and solutions.
Michael regularly conducts mortgage
courses and has produced many
graduates. He is also a regular
columnist and also has being featured
in New Straits Times Press, The Star,
Property Guru and also Property
Hunter magazine. He speaks regularly
in Property Exhibitions, Seminars and
also for developers.
You can get in touch with him at
Website: www.michaelyeoh.com.my
Going Forward.
Mortgage Financing after
Budget 2014 Announcement
N
ow that the dust have settle and we have already know the outcome of The Budget 2014 what
happens next?
During the Budget 2014 announcement I was glued to the TV looking for sign of any announcement with
regards to Mortgage Financing. Waiting, waiting and waiting patiently for our Prime Minister to make an
announcement and until the end, H’mm no announcement. It should be good news right. Well, I was
scratching my head what shall I talk about during my Post Budget Seminar on November 9 & 10. I have
to give 3 talks in 2 days. All arrangement has been made and the show must go on. That’s not all, on
Saturday a day after the announcement I have an interview with the media at 10 am.
Richard Oon, the Tax Expert who is also speaking together with me has lots to talk about on the hike in
RPGT and implementation of GST. I will not be commenting on RPGT here as I believe most of the property
gurus should have covered this.
Suddenly, a few hours later something struck me. I should be thinking out of the box looking at a different
perspective at a macro view. I ask myself, what will be the impact to our mortgage industry when
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makes no representation that the
information or opinions contained in
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the views.
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a) Sugar subsidy of 34 cents is abolished
b) Implementation of GST in the year 2015
Hold that taught first. Let’s rewind a little bit too a few months back before our general election. During my
talks I always mention that there will not be any other new policies by the government but what happens
after that is a big question mark.
Everyone should be aware that after the election, what shakes the industry is the increase in Petrol Price
to another 20 cents. When petrol price goes up what happen next.