Investment THE ARC@CYBERJAYA [OWNERS' THREAD], Developer of Cova KD goes BIG
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 Aug 15 2011, 02:36 PM
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#1
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Junior Member
493 posts Joined: Dec 2009  
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QUOTE(thunderaj @ Aug 15 2011, 12:22 PM) LAstest i heard people are buying the units by undertable money as much as rm 10000. hahaha, u sure bro? the developer is having a free lunch buffet last week. If undertable money is applicable, they do not need to cater food to attract customer again?Something wrong somewhere..  |
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Aug 16 2011, 10:42 PM
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#2
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Junior Member
493 posts Joined: Dec 2009
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QUOTE(thunderaj @ Aug 16 2011, 10:45 AM) Yes bro. Might be true...but I really saw them cater free buffet that weekend.Get the info from reliable source. Well at this point not sure who is getting the undertable money. |
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Nov 4 2011, 03:53 PM
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#3
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Junior Member
493 posts Joined: Dec 2009
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QUOTE(spydermind @ Nov 3 2011, 06:46 PM) YOu have to check the credit rating of your brother. If those banks are panel bank, they would have already evaluated and approved the project. So in that case, it will not be the bank having no confidence in the project... Indeed very good replied! Most of the property also need you to find the tenant yourself (or indirectly via agent).....it is just that this one at least guarantee rental for a few years. YOu are very sure the price will increase upon complete but afraid it will become stagnant ? I dont know your concern actually....that is part of the risk right in any investment....if you dont think it increase after that, then sell it off after that....simple. all the while it has been very common to have moderate price increase especially for condo.....slow increase.....but it is just that the past 2 years had been very phenomenal....so, dont expect everyday is sunday.... Try to look at a bigger photo, don't just be so narrow and make the conclusion by either yourself or minority parties. Regarding this: my brother booked a unit in block A and his loan was rejected by Affin bank. He also tried to apply to many other banks but they denied his application. Why? I'm not sure but some SAs say its because they have no confidence in the developer. True? the SA you mentioned, i supposed is the bankers. True or not, you have to find out either by yourself or your brother. Please check with the bank, for what are the reason they denied his application. If out of 8 banks, they came back with an answer stating that they do not have confidence in the developer, the project, then this developer basically is going down, and the project will be dismissed in a very short time. But if the project is still undergoing, and people still be able to purchase through developer, there are only few reason: 1. Your brother financial statement might not strong enough. 2. The bank quota is full. There are some reason that the bank do not tide up the project, or used to but no longer, reason might be because of the policy change in between the bank and the developer. And for those banker out there, who can simply said, "oh our bank have no confidence in the developer", if that is the real case, ok no problem. But if there is because of another reason, and yet the banker use this as a reason of rejection, then please quit your job before you get sue. This post has been edited by clanzkiller: Nov 4 2011, 03:55 PM |
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