QUOTE(naing @ Feb 14 2011, 03:04 PM)
HLB valuers are the slowest and very outdated ones. When I was planning to buy a house in Kota Kemuning, they valued that house RM 540,000 while all other banks valued it above 600,000!
In my valuation report, the house price itself is considered RM 200,000 and whatever leftover is for the land. It's total rubbish. If i use this formula to value your house, your house will be worth just RM 350,000:)
I have no choice but to pay RM 1400 as the bank needs it.
This sounded very strange...because the bank that is approving the loan for house, normally already perceived value of the house, otherwise they will not just releae90% loan for a new house just because the developer priced it as such. Of course, for new house, it is slightly easier. For subsale, it will be very tough because it is purely on valuation.
Secondly, for TTDI ALam Impian, there is not previous transaction and they will then either benchmark against Abuildlam impian (I&P) or just do it based on theory : Land cost + house cost...after a few transaction, then the value will then be adjusted, so for first phase owner, if this is really true as mentioned by you gusy that the value is about 400k, then they will suffer a bit when trying to sell it off.