There are agricultural lands still available. You can buy by 5 acres basis. Try Pahang
How to buy land in Malaysia?
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 Mar 9 2014, 12:35 PM
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#1
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1,040 posts Joined: Dec 2008  
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Mar 9 2014, 12:51 PM
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#2
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QUOTE(hoogiap @ Mar 9 2014, 12:43 PM) Thanks. Not sure the amt. Maybe can got for RM100 - RM200 per sq ft. How much will be the amount? How to get loan?  Loan have to ask from bank. Not sure how this goes but definitely you need to show your financial status... |
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Mar 9 2014, 01:01 PM
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#3
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QUOTE(Top Gun @ Mar 9 2014, 12:58 PM) TS stated that he/she is a working class, and ask the opinion about the possibilities of buying lands. Well I'm just providing information. Besides, some working class people do earn good 5 figure incomes You suggested a working class person to buy 5 acres of land @ 100-200psf?  Try to work out the maths to see how much it cost.   |
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Mar 9 2014, 04:01 PM
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#4
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QUOTE(Top Gun @ Mar 9 2014, 01:14 PM) 5 acres x 43,560sf/acre = 217,800sf My bad then 217,800sf x RM100/sf = RM21,780,000 Let's say 60% loan margin for agriculture land, Loan amount is RM21,780,000 x 0.60 = RM13,068,000 RM13,068,000 loan for 25 years at 4.2% interest annually, Monthly repayment is RM70,430. Please tell me how much your so called 5 figure income working class earn per month?   |
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