Buying for own stay or long term investment (>10 yrs) in areas like Semenyih is okay.

Buy to flip even for kajang area is very risky.

But high risk = high reward.

Of course every sector needs investors, but excessive speculation in property sector is not good for our future generations.

We need an orderly and sustainable property sector.

Nobody is hentam anyone here.

We are just exchanging opinions and views, that's all.

Make no mistake,there may not be a bubble but the current CAGR increase of more 10% to 15% and more in property prices will do more harm than good in.the long run.

The government has finally woken up and realized this but the steps taken to address is too little too late.

Eventually, we risk many lower and middle income who cannot afford to buy their own property, esp the current generation Y and beyond.

As parents, we must buy more now cos our children will no longer be able to buy their own property in 15 to 20 yrs time

First 2 properties - current scale RPGT as per budget 2014

Third and subsequent property,

30% flat RPGT for first 10 yrs, after 10 yrs, 0% RPGT

Third Housing Loan, 50% LTV with 12 mths cooling off period after clearing off previous Housing Loan

Above okay with u guys, will not affect most long term investors who can afford 1 property for own stay and 1 for long term investment

This post has been edited by cfa28: Nov 6 2014, 12:39 PM

Goodview Heights being actively promoted on Radio - LiteFM Acasia West

there are basically 2-models in MY

BTS - Build Then Sell - what 99% of Developer are doing. Developer sell before construction, we buy, get charged as construction is being done based on % of completion. Pray no abandoned project

STB - Sell Then Build (100% model) - Only very stromg Developer will do this. Sell 100% completed unit with CF - See Hoy Chan

the 10:90% STB (or BTS) - Pay 10% on SPA and balance 90% upon VP

Sorry my BTS and STB terbalik already

sorry posted in wrong tread - too many tabs opened.

How is sales of GV Phase 2 so far ??

This post has been edited by cfa28: Dec 1 2014, 08:57 AM

Free

MOT (Free from Developer)
SPA Stamp Duty (Free from Developer)
SPA Legal Fees (Free from Developer)

is the SOP for most (if not all) of SHL Projects.

They don't give rebates for Downpayment, etc

The SA say this is the philosophy, they help genuine house buyer to buy the house with the free MOT / Loan but genuine house buyer must have 10% cash for DP. If don't have is speculator.

Differential Sum = Difference between Balance to be paid and your Housing Loan Amount

Say House is RM1 mln

10% downpayment = RM100K

Balance = RM900K

Bank only approve RM850K

Differential Sum = RM50K

I did not buy Goodview Heights cos I don't have RM80K++ in cash

Just a poor fag who needs the 5%++ rebates