BBW, It depends on where is your centre of gravity.

For me, its South of KL, ala Kajang, BSL, BMC Semenyih etc. Of course, for Investment, I will choose Hot Areas like OKR, Bukit Jalil, etc.

Its very easy to buy from Developer but Developer also does a lot of work to sell the Property. Putting banners, advertise in newspapers, magazines, Billboards, etc

Thats why new launch, buyers flock to buy whether for own stay or flipping is a different matter

Now, when it comes to sub-sales, of course it takes longer to sell cos individual owners do not have the same resources as the Developer had to inform potential buyers that there is such units available.

Also, individual owners cannot offer freebies such as Free Legal Fees, Free Loan Agreement so this even lessesn the pool of potential buyers.

Imagine, if indiviual owners can offer such freebies, ppl will be jumping in to buy from them.

When Developer sells Property, the requirement to have a Valuation Report is not waived but for sub-sale is a different matter.

Now lets say, Developer sold the Property at RM800K and offered 10% rebate. First buyer cost is now only RM720K

After 3-years and on VP, First Owner wants to sell.

Now at what price are we talking about.

There is always

1) Owner asking Price

2) Last Market Transacred Price

3) Bank Valuation Price


Normally 2 and 3 will be closer to each other and 1 is always higher

Just lets say

1) Owner asking Price - RM1 mln

2) Last Market Transacted Price - RM950K

3) Bank Valuation Price - RM930K


The Bank will only give LTV of 90% which is RM930K * 90% = RM837K which is still about RM117K which is still reasonable.

But if say this buyer dioes not have any more cash for DP, is the owner willing to let go for only RM837K. Or will he wait for next buyer who can afford the actual DP 10% of RM93Kin cash.

So, the waiting game continues.........



Ai yoh, you're a Lawyer and offering Free Legal Fees, such the free SPA must be heavily in your favour but free Loan Agreement is a good freebie

This post has been edited by cfa28: Nov 10 2014, 11:37 AM

When I buy property, the most important to me is Price vis-a-vis Size of House

20 * 65 = RM750K to me is very expensive. Even if u throw in things such as so-called G&G, linear lake, park, etc, its still to expensive cos there are many other sub-sales for 20 * 70 at <RM600K in Kajang area. Even i Sg Long, 20 * 70 is < RM750K

Bro, I understand your pain.

I admit that property prices are high due to amongst others excessive speculation fueled by easy credit and a Government that fell asleep at the wheel from 2004 until 2009.

From 2010 to 2013, the Government listened to the wrong advice from Business Groups with vested interest and hence, today, we have this problem that youngster having difficulity to buy their own properties compared to just 10-yrs ago.

But what can we do as indviduas except to also play the game and quickly buy your own property before price even go further up.

If you are hoping for a DDD market, it won't happen anytime soon. Perhaps prices will remain stagnant

Perhaps future launches wil just be RM10K more compared to last phase instead of RM100K

But for general marker to come down can only happen in a recession market which nobody wants to happen.