It proved ms brand was powerful, reputable and has many followers.

Guess the borrower failed to service even one single repayment. As borrower has signed PA to bank, bank could exercise its rights anytime.

I like your statement "MS never fail to create lelong house"

Ekosky also got lelong unit what you expect?

Another powerful, reputable brand with many followers.

This post has been edited by icemanfx: Sep 6 2018, 01:44 PM

Time to forget all the undercons now which flooded the market..aim for lelong recent VPed development with price lower than launching ones...

Yes. No choice for bank but to wait until the project VP. If the project VP la. Example Axis Crown, if all buyers dont pay the progressive paymant anymore, bank also not able to lelong those units as not yet completed.

Now onwards should cut all the zero down/ cash rebate offer for new projects so can reduce auction unit for newly vp project subsales cannot move nowadays one of the main reason was due to zero down/cash rebate for new project

This post has been edited by planc: Sep 6 2018, 01:57 PM

Southville already got 2 lelong units
Lakeville 1 unit
DSara Sentral just hand over keys

Let's wait until end of this year to draw conclusion.

Like leverage, zero down/cash back is a double edged sword to flipper/investor.

property overhang exists between borrowers/buyers and developers. whether to bnm to assist borrowers or developers to reduce overhang depend on economic impact. current consensus is, it is more economical beneficial to allow developers to survive, overstretched borrowers is a collateral damage and will benefit those yet to buy first home.

heard some banks have own valuation for new launch, no longer take developer price as whole. hence, don't offer margin of finance as developers claimed or planned.

As usual, ppb offer lower MOF

This maybe will be the first transaction of Lakeville. My unit listed out for 3 months already, so far don’t have buyer yet

Within this 3 months got how many actual viewing from serious buyers?

So far 2 went to viewing and still on consideration stage..

Are you selling above spa price?

Nope, lower than SPA price.

You bought 1st phase burung awal price?

Ermm..not really? I bought in March 2015.

But still higher than your actual purchase price?

The only way you can make money (during good times) or break even now is must buy 1st launch burung awal prices.

Or at late late stages where they raped earlier buyers from behind....

If developer gives 7-9% rebate upon sign s&p, does this mean this is a good time to make little profit/ breakeven?