QUOTE(Jliew168 @ Oct 24 2014, 05:22 PM)
There always demand from GRO in area like kepong , damansara perdana and u even can rent out higher but usually owner try to avoid rent to china doll,Tom yam or popiah to prevent headache.
I found out even shoplot in lousy area also very high demand for online gambling cafe n massage parlour
Usually payment quite punctual geh if not pay u know what to do lo

Waa Jliew very informative on Yellow Business hah,
How about Kebab, Carviar, Turkish delight, Kimchee, Sushi ??
QUOTE(bearbearwong @ Oct 24 2014, 05:32 PM)
u check more clearly with bankers, you are right on the valuation point not much can be stretch around extra 10-15% upwards, but the tings, every new purchase stretch a bit , then different effect, that is one of the reason price go sky high..
owners bank on the distorted valuation..make a lot of effect, once one distorted valuation is in, owners not taking it as one off case of distorted valuation, they tread this as "market price" and further distort further the valuation
this is the problem, irregardless the bank giving valuation, it is still no price to value , not to mention they inflated it another 200k earlier already
it is now after DSR 70% see surge of loan rejections, loan approval rates, but still loan officers/manager got target to hit, otherwise commission burn, one thing the bank can do is abolished all forms of commission , freebies, benefits for loan approved, this will promote what " along chasing scenario" no matter how, what, they will make the loan happen.. no earning documents , no problem, cannot get valuation, no problem, and etc..
this valuation and inflated activity is like a rubber band, once stretched till max, it breaches affordability limits, now segments stop at 400k to 800k section, that is how weak the buying powers are
increase more, it will be like no taker property,
QUOTE(bearbearwong @ Oct 24 2014, 05:33 PM)
loan officers/managers/ valuers no need to feed meh? other than investors groups, agents consist many flippers, old timer flippers/investors , and bankers themselves are one the large numbers too.. dun forget that
QUOTE(bearbearwong @ Oct 24 2014, 05:35 PM)
u check di or not really no ah pig ah dog got loans, look around you especially in LYN and bubble talk..
those upgrade one has problem of their own, this shall be revisited in dept after some triggers it.
QUOTE(bearbearwong @ Oct 24 2014, 05:38 PM)
ah pig ah dog ah miao example getting loans... maybe you work not in a bank or not level high enough, bank managers especially loans departments has targets to achieve one, ask the how to over such shortcoming, especially when transaction is low..
normal officers also got target one:
2.5 k basic , 1 million loans
3.5k basic , 2 million loans
4.5k basic, 5 million loans
and etc
check with them and see.. how they make up their shortcoming every month... no hit target no commission
QUOTE(bearbearwong @ Oct 24 2014, 05:40 PM)
I dunno about personal loans, personal loans they have no charge , as such they are unsecured creditors, with properties, they are secured creditors, they have a charge over your house (can ask bro edyek o clarify) the strength of unsecured creditors vs secured creditors, with this in mind, you will know loan stretchability ,
QUOTE(bearbearwong @ Oct 24 2014, 05:41 PM)
or maybe he has friends who are valuers from bankruptcy departments and loan officers as friends, could this? why were the valuation for auction are lower than selling and buying activity?
same valuers what..
QUOTE(bearbearwong @ Oct 24 2014, 05:43 PM)
i really do not meant to university discrimination, but loans officers are usually Cina ppl and depends on the banks, sales team especially, employing a lot local grad still acceptable, UTAR students of various field not related, now we see why??
QUOTE(bearbearwong @ Oct 24 2014, 05:50 PM)
oh, ya hor the internal team officers vetting documents and earning slips, wonder they do eat ? the loan officers will push for it, small time loan officers of course be ignored, get ur manager to support then confirm go throught.
Let me summarized this with 1 question.
Bear2 you buy property & take loan before or not ? If not you just full of hot air empty talk.
This post has been edited by jolokia: Oct 24 2014, 06:08 PM