QUOTE(billooi @ Sep 26 2013, 12:07 PM)
I thought now banks do not look at commercial or private title?
Was under impression that SOHO SOVO SOFO etc is classified by them as residential already.
FYI, COMERCIAL TITLE which does not fall under HDA (housing development act) can be finance up to 85% on investment purpose. If u are a business owner, bank can even lend u upto 90%. I can ASSURE bcos i am a seasonal investor on comercial properties.
If under employment, bank will look into ur DSR and slash margin,
If u r a businesman, banks look into our income n derive our repayment capability in a totally different view. Hence can finance upto 90% (depends on how strong the individual income source).
Anyway i cannot disclose much more than what i've mentioned above coz this project will NOT LAUNCH.
Believe it or not u guys will be surprise something will come out to be 100% FULLY SOLD BY NEXT MONTH out of no where.
Let me give u guys some TIPS, If u are aware of EQUINE BOULEVARD shoplots.
3 banks alredy moved in; HongLeong, Maybank, Public bank.
3 banks is looking for the right unit to move in; OCBC, CIMB, AMbank.
U just imagine with ur own imagination, what will happen;
1. All the major banks is below ur property
2. All the F&B anchor tenant e,g Paparich, St1, pelita, nasi kandar, oldtown, Coffeebean etc,
3. MeX interchange complete in 2015 reduce the trip to KLCC & airport in less than 15mins.
4. All major highway interconnected, SKIP, KIDEX, LDP, SKVE, MEX
My experience tell me what i foresee 3-5years later is the CURRENT KOTA DAMASARA,....
WHEN u are able to see something that has happened, the price wil be RM1000psf by 2016.
No complains... Oh btw, the petrol increase for ron95 by rm0.20 does directly affect property value incline by 10%.