99 Mart opens one shop near to Tesco, and another one near to Giant Bandar Puteri. Both these 99 Marts are doing brisk business. What say you?

Hi, i recently got an offer and need some help in the profit calculate below, is my assumptions and understanding correct:

Assumptions:
- buy price: 400k
- sell price: 500k
- agent fee: 3%
- RPGT: 10%
- public bank penalty: 3%

gross profit: 100000

pay agent: 15000
pay bank penalty: 15000 (assume 100% loan to ease calculation)
pay RPGT tax: 10% of (gross profit - agent fee - bank penalty) = 7000
any hidden cost from SP setia's 5/95 scheme: 0 (none that I aware of?)

net profit ~= 63000

Question 2:
if I sign SAP now, and government change RPGT to 30%, will i be affected after 3-4 months when handover happens? is the RPGT effective from letter of offer or SAP?

Agent fee is standard 2% + GST ( some agent obsorb the GST )
RPGT ( 2 to 5 years from date of buying - S&P and date of selling (S&P ) is 5% ), I believe your unit is more than 2 years by now.

Your ROI is : Selling price MINUS
- buying price
- cost of buying ( legal & loan agreement fee ) - if any
- lost of interest for your deposit since the day one until now - just count as 3%/annum
- interest you are going to pay from now till your loan is fully settled ( buyer's bank pay to your bank loan )
- legal fee ( normally this cost can be minized if seller and buyer use the same lawyer )
- agent fee 2%+GST
- bank lock in penalty

RPGT = selling - bank penalty - agent fee - 10K tax rebate ( this one may be no more - check this to reconfirm by checking your S&P date )

---

Added on September 17, 2012, 9:05 pm

Continue :
* mostly developers charge 1% as consent fee ( before issuance of strata title ) for changing ownership, Setia I am not sure - please find out.

I don't think is that high for stewardess though.
Agent called me and asking for RM1400-1500 for 845sgft, half furnished.

Which airline the stewardess. Airasia, mas or others. Or all major airlines also here.
Why I go there no see them today