Loan 585k 35yrs 4.45%, monthly is RM2750, 36months is 99k

950- 2% agent fee - interest during construction period - maintenances - snp loan agreement - 3yrs installment - 5 yrs interest 3.75% for 65k  = 950 - 19 - 20- 5 - 10 - 99- 13= 784

(784 -650 )/5 = 134/5 = 26.8k/year

Chris kor is not accountant by profession, but what other profession that good in numbers but not accountant?

two assumptions in the above model:-

1. NIL rpgt.
2. Assume ppl will buy your house at 950k upon completion.
3. NIL default of bank loan...usually bank loan comes with lock in period.
4. transfer of title or consent of selling a strata title.

Cutealex is here...Who wanna meet me later

Cutealex is here...Who wanna meet me later

Cutealex is here...Who wanna meet me later

me 

No risk if market slow down or jobless?

Loan 585k 35yrs 4.45%, monthly is RM2750, 36months is 99k

950- 2% agent fee - interest during construction period - maintenances - snp loan agreement - 3yrs installment - 5 yrs interest 3.75% for 65k  = 950 - 19 - 20- 5 - 10 - 99- 13= 784

(784 -650 )/5 = 134/5 = 26.8k/year

Let's use ur own assumption:
1. Price = rm650k, so with 90% financing rm65k cash
2. 5 yrs installment for capital and interest = rm130k, so assume 40%/60% capital n interest ratio, so rm52k n rm78k respectively.
3.After 5 yrs no RPGT
4. After reduced other costs = Rm150k

By paying rm65k+rm130k u take back rm65k+rm52k+rm150k. Which bank offer such good interest?

Loan 585k 35yrs 4.45%, monthly is RM2750, 36months is 99k

950- 2% agent fee - interest during construction period - maintenances - snp loan agreement - 3yrs installment - 5 yrs interest 3.75% for 65k  = 950 - 19 - 20- 5 - 10 - 99- 13= 784

(784 -650 )/5 = 134/5 = 26.8k/year

Accumulated cost paying = 10% downpayment + snp loan agreement insurance + interest during construction period + maintenance fee + monthly installment = 200k

Rate of return ~ 134/200/5yrs ~  13.5% per yr

Its up to you on how u take.

As I written, I only take interest portion only. RM 2750 is full monthly installment where average RM 2100 is interest pm while RM 650 pm is principal reduction, which is reducing on ur principal and taken back upon disposal.

Btw, I dunno why u take 36 months of full installment instead of 24 months since we indicated 5 years fr 2014-2019 while completion date is 2017.

Whatsapp me, bro?

Aiyak. I not around to join u guys this round.

Let's use ur own assumption:
1. Price = rm650k, so with 90% financing rm65k cash
2. 5 yrs installment for capital and interest = rm130k, so assume 40%/60% capital n interest ratio, so rm52k n rm78k respectively.
3.After 5 yrs no RPGT
4. After reduced other costs = Rm150k

By paying rm65k+rm130k u take back rm65k+rm52k+rm150k. Which bank offer such good interest?

Not really.

Assume u have RM 650k cash and put into FD for 5 years until 2019. After 3.75% compounding interest, it would be estimated RM 130k interest earned.

If u buy RM 650k cash and keep for 5 years and sell it RM 950k in 2019. Cost of acquisition is almost nil and disposal is RM 19k ( 2% of RM 950k ), S&P and misc cost RM 10k and maintenance fee RM 5k ( over 2 years due to first 3 years is under con ).

RM 950k - RM 650 - RM 34k = RM 266k profit ono bfore other miscel cost upon completion.

I assume u buy RM 650k with 10% dp, which is acquiring cost of RM 65,000 and loan RM 585k for 35 years.

Cost of 5 years, 3 years construction period of RM 585k is about RM 30k max. 2 years installment interest portion only RM 2100 x 24 = RM 50k

Cost of disposal, RM 80k interest paid + RM 34k = RM 114k

Profit = RM 950k - RM 650k - RM 114k = RM 186k ono bfore other miscel minor cost. This is with RM 65k capital, no need lock the RM 650k cash.

the foxes finally reveals it tail... long tail you have there, 300k..

any sifu here can forecast subsales price when completion of Merrydale @ RM688k?

that is provided can sell right? bank confirm give interest, and provided BLR never increase for the next 5 years

sound like semenyih project sure to flip and sure to buy

the foxes finally reveals it tail... long tail you have there, 300k..