1. Depends on how much the bank force sell value is. If the land owner wants to sell his land for RM 1mil. And you are interested to buy. The bank force sell value is RM 800k. And normally the bank only finance 60-70% (lets us assume 70%) of the land value (depends on your land valuation). That means the bank can only loan you RM560k, and you have to come up the rest with cash.

2. No. It depends on what you are going to do with the land. If you are going to plant oil palm on the land, the interest is around 10%. If you are going to plant vegetables on the land, then the interest is around 4%.

3. Yes you can, if the town planning dept. approve your conversion of residential land to commercial usage. Car park is under commercial usage.

4. The land that you see are before a big piece of land lets say 1 acre. Then the land owner subdivide the land into 4 pieces with each land 1/4 acres. Then he sold it for a premium price whereby the price is most reasonably build for bungalow.

Can you imagine a 1/4 acre land selling RM 500k, and use to build terrace house?

A rules of thumb for 1 acre land builds around 8 terrace house. 1/4 acre? Build around 2 terrace house? A terrace house with land cost RM 250k, how much would your construction cost be? How much can the general joe&jane afford for a terrace house?

I do not have the latest interest rate. Last I heard from my friends who take loan, the interest is as high as 10%+.

It is because oil palm yield more earning than vegetables, a hell lot more.

My friend, I don't know what's the building by law in West Malaysian like. There is no way an acre can build up to 20 or more terrace house in Sabah & Sarawak. You have to include infrastructure and open space.