At least you save on the cummulative interest, right?
those ppl who started paying progressive billing, have already paid thousands since first disbursement...
but you only started paying interest on 70% of drawdown... same as what the others are currently paying now....


Cheers!

But what if RM1.38mil is not achievable until, maybe 4 years down the road... Are you going to stay there or leave it vacant? If stay there, need to do furnishing, at least another RM100k gone for furnishing... then when you calculate interest till 4 years later, then maybe the additional interest + your holding cost increase again... wait for another 2 years... so in total, 6 years, need to recover all costs of buying and moving a house?

What do you all think?

Guesstimates... i think RM100k for a DSL quite reasonable basic already..
I'm talking abt ownstay, of course, includes everything right.. includes repainting, plaster ceiling, basic TV cab, kit cab, sofa, beds, wardrobe, grill..definitely does not include tiling or others which can be postponed.basic necessity for own living only...

am thinking ownstay, because i know the rental price there is not high... might as well move from current place to that place?
at least can save on current rental/ determine which unit gives a better rental yield/even consider selling (those with 2 houses). I'm sure AI rental yield could be low, because the township is not yet fully occupied/developed yet.

if for rent, then i understand why its semi furnished.. and basic minimum...

Unfortunately, once bank knows about the discount, they will also reduce their margin... (indication that market value is overstated by 30%)
because bank also worried of bubble, when most ppl jump into property investment without having to invest upfront cash... this is dangerous.

Yes, heard of that too... but it is very minimal case... and very few banks allow this...

I've also heard of underconstruction development where, during the empanelment process, these banks approved to be panel, with 90% margin... then later-on, the bank found out that developer played around with their discounts, later, they slash the margin / the loan processing process got stuck... its more internal problems between developer and banker, but ultimately, affect the buyer... PBB, if i'm not mistaken...

good that u found the above case.. which project & bank is that?