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 Amara by Jaya Megah

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cutealex
post May 21 2011, 05:11 PM

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Why i ask Ambank... the ppl said can sum in legal fees? + 5% MRTA and bank legal fees
cutealex
post May 21 2011, 05:31 PM

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QUOTE(tsfatt00 @ May 21 2011, 05:21 PM)
initially everything is ok when come to last u'll been told loan approved but cannot sum in the legal fees, haha
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but PBB ok ?
cutealex
post May 22 2011, 02:38 PM

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QUOTE(kienfu @ May 22 2011, 02:34 PM)
any1 buy this for investment purpose?? what do u think about this property in future value??
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any1 buy this for investment purpose?? = ALL buyers ... wat a questions sweat.gif OR you should ask buy own stay or looking for rental yield?

what do u think about this property in future value?? = typically should increase 30% upon VP but there's no 100% guarantee, when there's investment then there's risk....

why? you successful locked 1 unit?
cutealex
post May 22 2011, 03:04 PM

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QUOTE(kienfu @ May 22 2011, 02:53 PM)
"INVESTMENT PURPOSE" MEANS BUY BUT SELL IT WHEN THE VALUE IS APPRECIATED OR LOOK FOR RENTAL YIELD

IF BUY FOR OWN STAY IS TOTALLY DIFFER, BRO!! BUY FOR OWN STAY EVEN THE MARKET VALUE APPRECIATED THEY WONT SELL IT ANYWAY.

SO MY SENTENCE IS CORRECT. PLS UNDERSTAND THE MEANING OF INVESTMENT.... smile.gif
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Even is own stay ..ALL buyers also look for profit and treat it as investment...i could say i look for investment and i can buy it for own stay as well...

you meant here buy for own stay is not look at investment? even market value appreciated they wont sell? who tell you this?

buyers for these own stay, they also hope next time resell value increase then they can sell it and upgrade bigger unit, when buyers are looking investment = profit sweat.gif

your questions is is Investment purpose... then Yes.. All buyers are looking for Investment...

is your OWN denifination as above... maybe you can use the wording... Are all here flippers nod.gif or own stay...

sorry my english is not pro.. but at least i know what is my questions ...

This post has been edited by cutealex: May 22 2011, 03:10 PM
cutealex
post May 22 2011, 06:53 PM

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QUOTE(WannaGetBuffed @ May 22 2011, 06:43 PM)
Sometimes, not listening to your parents can be more beneficial to yourself in terms of investment. If your parents is well to do, made a lot of money from investment probably thier advise can be heeded. If they are not doing any better than you do, you might want to take it with a pinch of salt.

When I started working not long ago, DPC was launching at 400k+. It was way too high for a property in Kepong. My parents houses was just 200k+ then. I told them I would like to invest in it, but i couldn't afford the downpayment. I asked for help but it got shotdown cause my parents don't agree that DPC was worth that much. Same thing, told me it was way overprice for Kepong. They read a lot of properties magazine, etc. yet they don't get the situation clear. Year after year prices goes up, tell me bubble is coming. I wonder how many years it has been since DPC 400k houses has launched.

Needless to say, I was too helpless then and it's way beyond my affordability now. Couldn't wonder what would it been it I managed to get one unit there then. I'm not a flipper, so I guess I could have stayed there or just sold it off when I needed the $.

This is my real experience, and I'm sharing it with you. Never too late to start, just that the risk is a bit higher and need to sacrifice more compared to last time.
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Teach me invest and i follow your steps,,,

so bro, where is your next target now? Mind share?

DPC now SuperLink easily cost you > 1mil (depend which area) ... mean you very rich lorrr drool.gif
cutealex
post May 22 2011, 07:32 PM

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QUOTE(WannaGetBuffed @ May 22 2011, 07:00 PM)
Bro, nothing interesting lately. Already got capped, so I'm looking for auctions now to get some cheap units and try and see if i can manage to flip. Need to test the market out there now to see how big the bubble is for now.

I didn't manage to get last time the DPC, if I did, I would have been playing commercial property by now. For my age, I'm considered a very slow start >30. So I need to thread my money with care because now I feel it is the high time already. I'm considered a very high risk taker for my age now, so I need to aim nicely. Nothing interesting yet from what I see. For sure I'll share with you once I got something to aim  biggrin.gif

Cheers bro.
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Bro,

you >30's? still consider young wat... icon_rolleyes.gif

i have replied your PM... if you got anythings ' Good' .... please share2 with me/us brows.gif ... cheers...
cutealex
post May 23 2011, 09:45 AM

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QUOTE(Ledy Gigi @ May 23 2011, 09:30 AM)
thumbup.gif i also bought this house n was the early bird, i came there on Thursday( the 1st day preview)..at 1st feel scared n was thinking am i right or not buy this house..but when now see the price is increase n chat with other ppl..i think it was a good good buy..esp for future investment..
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steady tongue.gif
cutealex
post May 23 2011, 10:55 AM

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tongue.gif Do you know the different between light and heavy cement factory?

This post has been edited by cutealex: May 23 2011, 11:59 AM
cutealex
post May 23 2011, 12:11 PM

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QUOTE(Ledy Gigi @ May 23 2011, 12:00 PM)
bought two as well.. smile.gif
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hahaha... if i am rich enough, i hope to get at least 2 units as well.. icon_rolleyes.gif
cutealex
post May 23 2011, 06:38 PM

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My personal ipad 2 just arrived my office...yeah..
cutealex
post May 23 2011, 07:39 PM

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QUOTE(suhaimimh @ May 23 2011, 07:31 PM)
true that. i need help on that too. really noob here!  icon_question.gif
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Proceed to sign bank loan offer letter and SPA within 30days, then must sign bank loan agreement from othher 30 days..must use developer panel lawyer in order to get Free SPA fee and ipad2...
cutealex
post May 23 2011, 11:10 PM

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Guys,

What a big deal here, now many developers always said will Free SPA but you have to fullfill their requirements...

and this is Very Common that your have to fork out $ for the bank loan agreement fees with BNM rules that immediate effect from Jan 2010... before this typically legal fees are borne by Banks and their locking period is 5 years... now seem purchasers to pay for the bank loan legal fees... they have change it to 3 years so that can comptetive in this market...

there's always have 90% + 5% loan margin where 90% is your house loan + 1% might be MRTA, and 4% is your bank loan legal fees...

if they not approve other 5% for you, meaning that the Bank is not willing to take additional Risk from you OR it might be your credit score still very New in the CCRIS (high risk)..Normally the Bank will include and refinance the 5% for you...

This post has been edited by cutealex: May 23 2011, 11:12 PM
cutealex
post May 24 2011, 09:48 AM

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QUOTE(mayleou @ May 24 2011, 09:25 AM)
Just to share my opinion, i think if you buy the property for own stay, and if you can afford, better dont include the legal fee and MRTA to the loan as a RM6k of loan included, the interest is will be RM4k++ assuming you are taking a 30 years loan. so end of the day you are actually paying RM10k+++ for the legal fee and MRTA.

As for the MRTA, from what im heard from my banker it is not compulsary, but again i think if you buy ir for own stay better buy the MRTA, if for flip then no need lo.

Just my opinion to share. first time buyer too, if i am wrong pls advise, eager to learn more.
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Sound like something not right on your MRTA/MLTA advice...


Added on May 24, 2011, 9:49 am
QUOTE(adrian0229 @ May 24 2011, 09:33 AM)
for own stay, better buy either MLTA or MRTA but if you plan to sell if once completion, den juz ignore it
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Sound like something not right on your MRTA/MLTA advice...

This post has been edited by cutealex: May 24 2011, 09:49 AM
cutealex
post May 24 2011, 10:51 PM

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Developer stakeholder- lawyer just cleared my cheque last night.
cutealex
post May 24 2011, 11:14 PM

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QUOTE(WLP3234 @ May 24 2011, 11:04 PM)
alex, clear wat cheque? booking 1%? brows.gif
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Yes wink.gif
cutealex
post May 24 2011, 11:47 PM

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QUOTE(WLP3234 @ May 24 2011, 11:36 PM)
haha, ocbc guy say me only eligible for 80% cos my record tooooo clean, they cant track any......lol.....scare me run away lol... cry.gif
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then just go ahead with 80%... good for you also ... save $ interest..
cutealex
post May 25 2011, 01:13 PM

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QUOTE(axsys @ May 25 2011, 01:00 PM)
just sign the loan offer letter, now waiting to sign the S&P  brows.gif
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can i ask... what is the rate that Banks offer to you? Which bank ?

pls share icon_rolleyes.gif thanks
cutealex
post May 25 2011, 04:46 PM

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Mine one also slow oh... new submission on this Monday for (PBB, Alliance Bank)

**Ambank one submitted on 13May.. then only call back on 19 May said incomplete documents... in between Vesak day.. i guess the Credit approval team are lazy and in holiday Mood that point of time**
cutealex
post May 25 2011, 05:49 PM

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QUOTE(axsys @ May 25 2011, 05:43 PM)
Mine one submited on Wesak day, then got approved 3 days later. then sign their offer document today.
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Maybe you're handsome enough, hence, they're proceed yours First... brows.gif

This post has been edited by cutealex: May 25 2011, 05:50 PM
cutealex
post May 25 2011, 09:21 PM

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QUOTE(mayleou @ May 25 2011, 09:12 PM)
yeah ... loan approved from CIMB submitted last friday. offer me 90% BLR - 2.1. now waiting for PBB before deciding which to take.
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PBB will processing more longer time..

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