Yes, is based on 500k as valuers give.

the report must substantiate with something to proof it is worth rm500k for that moment. but with what? becoz neighbour unit also selling rm500k?

It is like im having a piece of 1 acre land in KV, i bought the time only rm300k, can i ask valuer to mark up the land until rm20 million? then i run away with the finance loan or declare bankrupt. profit for me, dumb dumb to bank?

Hi Peri kor,

yea, so i am saying the valuation report is based on current market value. if all my surrounding properties are selling the range of RM500k, i am sure the valuation report have to use that market price as a guidance.

For example, I am buying a subsale property which was built 20 years back when the price bought is RM100K, now 20 yrs later, the current latest transaction price of similar property within same area is selling RM500K, wouldn't it be correct to value this property at RM500K? So based on this valuation, then the bank can offer the loan amount on RM500K. what is that got to do with the initial cost of RM100k?

Bro,

There are always Speculation and current market value.

Im not sure how valuer did their valuation.

If to value a prop from rm100k to rm150k, justifiable

If to value a prop from rm100k to rm500k, how rationale is that? Bank mgt ask the valuer wats the main factor for that, valuer replied because similar property also transact at rm500k. will the bank mgt approved?

Maybe u can share with me how the valuer report substantiated to their proposed prop value?

Says for a case, the developer purposely overprice their props, then pakat with panel bank for max loan. Some rich dude BBB becoz of its brand. After complete, subsale, new finance bank will still value above the overpriced sub sale prop? There are a lot incident like this happened. Its happen in Prime prop like those facing KLCC, speculation too high, bank hard to commit high loan, end up a lot vacant unsold unit.

just my 2cents.

Hi Peri Gor,

Yea, you are right, I am not a valuer but did engaged a valuer to value a subsale property for loan purposes. One of the way they valuer do is refer to latest few transacted properties selling price within the same area & finally they derived their own valuation basis. Normally the value given would not run to far from that latest transacted price.

For WOTP, only block C has such issue right? say after 3 yrs after VP, other blocks are selling at the range of RM500k, so wouldn;t this be a indicative value for block C too? I know the block C original selling price is RM100 that is not the issue, it would be incorrect to produce a valuation report that block C is worth much lesser than other block right?

Bank of course are not stupid, that is why they will lend to the buyers based on the reasonable market value.

i believe the question here lies as to : What is the value to be reported based on the valuation report

If valuation report shows current market value, no problem for subsequent buyer to borrow.

Just my 20 sen

cheers all bro

no problem, thx for sharing

u also almost see the issue, block c snp at rm 100k exclude upgrade cost.

But do the unit actually worth rm500k for now? I heard thats why some bankers are reluctant to finance

maybe if its priced at rm400k now for a unit below 1000ft2, sounds rationale for the land price + cost + facilities + profit

but the additional rm100k is redundant? Developer premium profit? To subsidize more premium facilities to other and future blocks? Hard to tell. Who knows

my opinion,

max capped below rm400k = current market rate

if sub sale at rm500k = speculation

Just wondering, no offense to existing buyers

So if seller want to sell at RM600k, buyer will need to fork out at lease RM100K cash lo

This post has been edited by great2bcool: Nov 29 2012, 02:21 PM

Wah so many anti WTOP! So many spanners being throw in the works.
1) For everybody benefits, developer sold units as per their AP, nothing illegal.
Nama Projek SDB PROPERTIES SDN.BHD.
No. Fail 9500-4
No. Lot 33945
Negeri SELANGOR
No Akaun Pemaju Perumahan (HDA) 3178780328
Nama Bank(HDA) PUBLIC BANK BERHAD
No. Lesen 9500-4/07-2017/1035
Tarikh Tamat Lesen 30-07-2017
No. Permit 9500-4/2287/2013(09)
Tarikh Tamat Permit 24-09-2013
Status Tanah PEGANGAN BEBAS

Maklumat Pemajuan
Butiran Pembangunan Projek 1
Kategori Rumah HARGA SEDERHANA
Jenis Rumah RUMAH PANGSA/KONDO
Bil Tingkat 15
Luas Lantai Mps
Luas Lot Mps
Bil Unit 165
Tarikh Kelulusan TCF (CF Sementara)
Tarikh Kelulusan CF
Harga Max RM 743,820.00
Harga Piawai RM 639,060.00
Harga Min RM 534,300.00
Laporan Kemajuan Projek Terakhir Sesi Tahun


2) RPGT - to me no issue.
3) Valuation There is generally 6 methods of valuations (comparison, residual, investment, cost and etc). As some of u pointed out rightly based on comparison mthd, if it is worth $500k to $600k, so bank will lend for around that value so no issue of $100k spa. What u have paid in the past will have very little bearing to the buyer loan valuation. It is the market value at that time of purchase.
Helius, your comments not consistent; at one post u mentioned valuation based on original s&p ($100k) next post u said based on $500k. Don’t understand??
great2bcool you can be a very good lawyer, u got your defendant (helius) to admit guilty.
In summary, if want to buy Audi car must pay audi type of price, a bit hard to get at kancil price. Also some may say this is not Audi type of property but kancil type of property so why I am so stupid to pay Audi price. Whatever, it is your own judgement.
By the way , I am not a Block C purchaser.

Audi car at retail price in malaysia = overpriced

Audi car with AP = reasonable priced as with other nations

This is Malaysia. You accept the price for AUDI, you buy it. If you not accept the AUDI price in Malaysia. You can buy it in other country and take motorbike in Malaysia. I think Motorbike not overpriced ba.

Bro, work in Malaysia have to live like Malaysian.

Each country got each country good lah, Here easier to cari makan unlike other country.

Anyway, I will be seconded overseas soon, will let u know how it is like lah.

Hi all bro

Now become Audi car thread already? Hahaha every one just sharing their knowledge, welcome other comment cheers!

I also concern on the future sub-sales price.

Will get banker advise on this.

I believe bank also not stupid. Impossible they loan RM500k to you. But future, they value RM100k on the property in sub-sales market.

Actually the property is still belong to bank not us, we just "rent" from bank only. If buyer bankcrupt, bank also suffer and impossible they LELONG at RM100k but they loan out RM500k.

But i concern is the quit rent and assessment. Based on 100k or 100k+upgrade work.

Just my opinion.

So expensive? omg...

my humble opinion on Block C,

house price = 100k+
upgrade price = 400k+
total = 500k+

if own stay, you may get better offer outside at 500k but dunno what developer, what surrounding, what quality of your house. so you still have choices out there.

if for investor, buy and sell in short term, it is really depends on how the valuer value this property in 3 years time.

Actual scenario, 4 years back a 3 storey D'Boulevard (Bukit Belimbing) cost you 500k+, what is the price today? always supply & demand

people do have worry, people do make not so good decision in life. But do you rather make a not so good decision in life or regret with not making a decision at all? it is up to individual.

peace no war :-)

All properties price are based on marketability factor (MF) by valuers.

And every valuers will have different access to different property valuations. So banks will take the average valuation done by few valuers.

earthquake compliant...very good offering

WTOP or WOTP
yup no issue on 1,2,3

but how many ppl who booked WOTP know the MTP & the neighbour's STP, for those don't know what is STP & what u'll smell in future, pls go to DESA WATER PARK, especially on rainy day

To the buyers/owners -> Window To Our Park , for others it is Window Outside The Park.
No lah, typo error.

Sorry I am no see tong engineer , cant comment of sanitation issues.

Not like some people simply make statements to discourage people. Think buyers are thai lin ngong meh?.
If its facts or info correct , never mind but simply shooting, I beh tahan lah.
This very devious and no lan pah one. Hide behind internet to shooting, hope one day overdo, and developer get the IP address and sue until underwear also no more.

Comment something over the net to share and some take its as bias and hoping to sue here and there. Saying no knowldge about something but not willing to listen for others comment and instead took it as negatively. Always self centre? Who cares u got buy or no buy, property talk forum is to discuss NOT show off the foul words!

Opps, just my 2cents