One more thing. Ur housing loan approved recently ?!

Im still waiting for the launch wic got pushed back .. once I get the letter from sales office, will submit my application.. Std charted, CIMB n OCBC nt bad, possible to get -2.5 BLR..

This post has been edited by all blacks: Feb 11 2014, 02:02 AM

Ok Tq if u dun mind. Pls share more info if got.
Coz I talk to my banker before CNY. The info is diff
Tq

There were cases in subsale, vendor justify above market price by producing very high rental yield tenancy agreement. After buyer paid and took over the property for a few months, tenant terminate the tenancy.

To other vendors in the same area, their properties i.e asking price appreciated to new high.

This post has been edited by icemanfx: Feb 11 2014, 06:57 AM

Ur joe friend maybe finish pay liao... or he has payanyting yet but due to age factor he got discharge.. and the bank very cosiderate.. 20 years debt bank write off di

if my attachment is correct, it actually contradicts to your alleged ptt views of amaya being blocked by sv.
pls correct me if i'm wrong.


i don't know why you keep arguing with him/her. just a map should suffice. but i could be wrong though. good luck.


pertaining to your advise, and if given a choice, would you rather:
prolong your life by 20 years filled with sorrows, loneliness, and miseries;
or would you rather cut short your life by 20 years filled with happiness, peace and bliss?

it's a hypothetical question and need not be too careful with the answer.
my point is, do not be too extreme in most undertakings. sometimes it's really hard to U-turn if one is too extreme.
i'm not saying prop is forever UUU, and neither am i saying prop would DDD.
just saying there's more to life, that's all.
cheers!


Attached thumbnail(s)

30-40 words posting but meant nothing..

That's why I said use COMMON SENSE ! Is it so hard to understand my earlier explanation or pure DENIAL?
Definition of FLIPPERS means they sell as soon as VP and they are NOT own-stay buyers. The advertisements are NOW, in early February when project completed in Dec 2013. ACTUALLY ALL 954 ads u see are FLIPPERS!

1/3 bcoz some ads maybe posted twice or three times. I took AVERAGELY, ALL as posted as 3x. That's call statistic la ...
Aiyoh... susah sangat ke nak faham?

Why advertise to sell only after 2 months the project completed? Flippers la ....

You & the Amaya Girl are the most pathetic ppl in this thread. Denial is your only tactic ..... Good2 ... Keep it up ...
Let Amaya Maluri be the first crash!

This post has been edited by HuiChyr: Feb 11 2014, 09:07 AM

You are a sensitive GIRL with vested interest in Amaya .... if not this thread wouldn't gone this way.
BBW was just using Amaya as an example to prove a point. .... but u can't handle it.
Started whining and calling names ..... the lowest standard of conduct. Buat malu mak bapak saje.

Pls la .... u don have the mental capacity for rational thinking don't play property investment.

Wow..

The bear is strong in this one

This year most banks limit refinancing to 10years on NEW loan amount. Outstanding loan balance still carry as on as 35years limit.
So it not a cut & dry calculation. I already asked some banks for this and BNM new rule is enforced.

For example;
Property value = Rm500k
Bank loan limit = 80%
Outstanding Loan = Rm100k
Interest rate = 4.6%

Refinancing: Rm500k x 80% = RM400K

Out standing loan of Rm100k, 35 yrs limit: Rm479.47
New loan amount of Rm300k, 10 yrs limit: Rm3123.63
Total monthly installment = Rm3,603.10

Believe BNM is putting the brakes on flipping activity. They know refinancing became tools for extra cash for flipper as downpayment before selling upon VP. Funny thing is, ppl in the market already knew this practise long ago but BNM took so long to curtail this?

IT'S CALL "GETTING RICH OR DIE HARD TRYING"
I believe it DIE now lor ....

Another 14hrs to go for 300+ posts b4 reaching 2.5k posts. Pls do it quick.

Btw I smell some old pals here.

This post has been edited by ManutdGiggs: Feb 11 2014, 09:52 AM

i am not too sure on this.
bankers, please feel free to chip in.

using your above illustration, assuming tenure 35 yrs limit as per original loan. one needs to know the original loan amount as well which you did not provide.
if let's say original loan amount was RM300k.
then the calculations should be:
refinance monthly installment would be based on:
RM300k, 35 years tenure
top up RM200k, 10 years tenure

that is my understanding of the new systems although i might be proven wrong here.

Aiyoh ... this guy Michael Tan is from my school.
His batch of frens has been going around preaching property investment for the past 10 years liao.
Claim himself to be property guru.
I kept my silent .....

In his article, he mention a fictitious character call Ahmad. If I was Ahmad's financial advisor, I'll tell Ahmad to pay off his credit card loan first b4 committing to a property.

This post has been edited by HuiChyr: Feb 11 2014, 10:07 AM

HuiChyr is right. Please refer here: http://loanstreet.com.my/learning-centre/1...nancing-cashout

You can refinance outstanding balance up to 35 years. Any other extras to be taken is only at maximum 10 years. Original loan amount is not to be considered.

Essentially this is to prevent cash out based on appreciated property value.

This post has been edited by KChan: Feb 11 2014, 10:18 AM

Actually, you already made it quite clear. And agree those units for sale so soon after VP are consider units for flipping.
The questions are how many of those posts are duplicates (you assumed 3), and how many of these flippers got holding power.

How many units are there in Amaya? About 400?

If there are 3X duplicated ad, then the no. of units on offer is 318. Wow! 80% of the units are for flipping.
If there are 4X duplicated ad, then the no. of units on offer is 238. Hmm.. 60% are for flipping.
If there are 5x duplicated ad, then the no. of units on offer is 190. That's almost 47%.

Of coz, those with vested interest will says it's 10X duplicated and only 90 units are for flipping lor. Hehehe..
But i think the figures should be between 60-70%.

There is no way to determine the number of flippers. Based on experience, those listing might be posted by agents who doesn't even hold any units or have any units for sale. They probably have gotten hold of the owners contact list and keep harassing owners that they have ready buyers. Their modus operandi is find buyers first then one-by-one call owners to make them an offer.

After saying that, based on sample data below, everyone has their rights to make a decision themselves:-


Those are a handfuls of property that VP in 2013

This post has been edited by KChan: Feb 11 2014, 10:37 AM

Got money to buy property but can't clear off few thousand credit card debt..lol

Actually quite a few flipper have debts over their head, their life is like walking on thin ice, anything go wrong Domino effect losses everything.

You can see quite a few here. .Bubble Phobia...lol

At time need to forgive them, imagine living in their shoe..

eg
Knowing there r so many flippers compete with you selling same property with some offer lower than u.

After u bought a property you can't afford a basic car, even after collecting good rental.

After bought a few properties the only place to earn some egoism is to post in property forum to gain some praises for those newbies. .sigh

Can't wait to be a TS, get irritated when another fellow start a similar thread, claim refused to comment but often come in to compare his better version & ask TS to close the thread so that he can reinstate his V2 & become TS..lol

My hot piece of ass ex father was a bankrupt and he still make lots of money and store it in her account. As long as you can get cash and not repay to banks its possible to own things but for sure not under your name lor. It is like giving others your money if not the bank who bankrupted you.

Not a happy life to live yo!!