hi
First of all, I want to apologise if my question sound naive to the experts.

I got a piece of land, 1 acre... But i dont have alot of extra money to spend on construction.
Can roughly make 15 houses, maybe, or more?

I don't want to bring in other investor because the pie will become alot smaller.

I'm considering taking loan. so here is my question:
Can I take any loan using the land as collateral??
And how much can I borrow? it is calculated by % of the land value?


BTW, What are the financing methods usually employed by land developers??

pls advise

This post has been edited by vinboy: Apr 24 2009, 03:55 PM

wow cool....where is the land locate?

whats so cool about it?

1 acre? 43.5k sq ft?
Reserves for greens , service roads etc... how many house can you build? 10?

1 acre land mau build 15 houses?! Er.. U seriously ought to be joking! If it's in the heart of KL and U don't have the $ then convert it into parking spaces first

Small man with big dreams
I remember another big dreamer were asking something like asking how to get investor for a exclusive high end bungalow.. when he has no land, no knowledge, no experience etc.. and he was expecting like millions of dollar invested in that dream of his...

btw, 1 acre of land .... build shoplots better la if possible

@ed0gawa,
If land title is not commercial, i don't think ur allowed to build shop lots Even if u do, U won't be able to do business so what's the point?!

Also, I've a strong feeling this 1 acre of land TS has is not in a prominent area. My family (oK.. more like, my dad) too has a 1 acre of land parked somewhere - when we talk about land, I constantly remind him how bad this investment was ! - but muAhahAHah he argues and say, despite it being a bad investment, it's still made some $

Here is another link.
Hope this help.

http://forum.lowyat.net/index.php?showtopic=934507&hl=

Well, he never state what kind of land he have .. but land type conversion is possible...
If i have 1 acre of land .... i'll build my own palace (a hut in the center of the land... with some kandang for lembu and kambing, plus a human made lake...)

This post has been edited by ed0gawa: Apr 24 2009, 11:02 PM

@ed0gawa,
Er... I'm not gonna start dreaming what to do with my 1 acre land until I have it

PS: If your land was in some kampung area, how?!

Build a retreat!

this land is in a prime location.
It's located in the industrial area (metal, glass etc, all factories la), and around my land are newly developed housing (more than 200 new housing). and got a school too.
Got a big GIANT within 5minutes drive.



This post has been edited by vinboy: Apr 25 2009, 08:34 AM

@vinboy,
If that is the case, perhaps build a factory kinda outlet or something. Housing areas within industrial areas arent uhm.... too sellable

commercial or residential land title?

@ts1,
Are U open to joint-venturing with developers? Then again, 1 acre is not considered "big" for developers so might be difficult to find one.

I can get acquantance with small developer if needed. But vboy said he doesnt want the pie being shared... pm me when needed

there is a type of loan called bridging loan from banks
rates are case to case basis & can nego
but if u go this path there are a lot of restrictions from the bank such as payments to issue, validity of claim etc etc

easier route is to JV with a developer, it doesn't really matters if your land is 1 acre or half a acre if the developer owns or JV with other land owners around u they might want u to be part of their plans to optimise land usage

don't forget if u develop on your own, u'll need to setback 40' for access roads on boundaries depending on situation, if u build shops maybe another 20' setback to allow for parking etc
it depends on your surveyor and consultants how to tackle the demands / how to modify the submission to comply with local council requirements, are u ready for all those pains before u actually start physical works?
normally if u can go through all those within a year u're considered super efficient

thanks for all the replies..

JV with a developer is the last option I would consider.
there are many instances where the developer bankrupted, the land somehow convert to somebody else (usually the bank), and the original land owner get nothing in return.

having control over the development is crucial in my case.

but then thinking back seriously, 1 acres is worth shyt ... 43k sq ft


er... Can have 2 nicely done car showroom, or few units of shopoffices... really... nothing much on 1 acres. Or maybe tons of banana trees on it?

This post has been edited by ed0gawa: Apr 29 2009, 10:35 AM

TS just keep it & monitor the value.
no development doesn't mean it's bad.