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Investment What is the procedure to buy land?, Same as house?

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TSsilvestrelsl
post Dec 30 2010, 02:20 PM, updated 15y ago

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Joined: Aug 2009
From: Cyberjaya


Hi,

Anyone who had experience in buying land? Mind to share how?

I have a lot of questions about buying a land:
1. What is the minimum down payment?
2. I assume loan interest rate is still base on BLR, right?
3. I see there are several type of lands for sale: Residential, Commercial, Industrial and Agricultral. Can I make use of the Residential Land to build car park?
4. I see some advertisement stating about "Bungalow Land", does that mean only Bungalow can be built on that piece of land? How bout building terrace house there?

Thanks.

 

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