hi all,

just out of curiosity, i was wondering what's the criteria to buy low cost house ? does the government do check who can be elligible to buy ?

There are different eligibility criterias for each state. You can get it from the local councils. Must be below certain household income. Must be born in the state or staying there for x years, etc.

oooo, thanks jd...what's the criteria for selangor ? how to get that criteria ?

One question. Is there any law that make it compulsory for bank to lend to low cost housing buyer?
I know for sure most bank won't entertain your loan application 'cause of low profit margin.

i think b4 you go to that part, it's important if the local authorities do let you to buy those low cost houses.

developer do not build low cost nowadays due to higher cost on land and materials.
there is some before mainly for the compensation of removal the squatters. price arround 75k +-
you may have to find in subsales market which price increase to 110k +-
about the loan approval, as long as your income can support, any bank will approve you.

hhmmm, have you ever consider the date ? anyway, am not asking for myself just to let you know.

just for anyone who required.
cheers

oh how "nice" of you.

Haha..just notice this is 1 year thread already..nway no harm...cheers

i thought u need to register in a web site and wait for the balloting?

depends on what type of low cost, if the one compensation from the government or developer, then no need to ballot.
but Mr. Dern never mentioned what kind of low cost he want.

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Added on July 18, 2012, 1:10 pmThis post has been edited by zuiko407: Jul 18 2012, 01:10 PM

i don think developer manage to built a 600ft2 low cost with selling tag not more than rm42k

developer can't offer with RM42k low cost but many people waiting for PR1MA now..

Buy Flora Damansara.

Yeah, 42K + Gomen subsidy for coming days.

pr1ma hse is less than 400k. there is not right. like that recently launch Pangaea and Skypark also < 400k. should count by psf. People want to stay at confortable hse. at least build > 2000sf with < 400k

i think we can get it 10 years ago, condo or link house with 2000sf built up @ 400k

but that time, workmanship, quality, design and facade very lousy. Different game play now aday.

Of course, if still want to get 2000ft2 link @ 400k, seremban, banting, ipoh still a lot a lot.

So, it's fair value of today.