Dear Wan Tiin,

Yes that's usual for panel lawyer to hold the sum, as custody, till the requirements and T&C gets fulfilled or revoked.

You'll get the refund as long either party losing the interests, before SNP is signed.

However, the common practice is - you'll not get back the 10% after SPA is signed (unless specified elsewhere).

This post has been edited by honesty tan: Mar 26 2017, 11:00 PM

hi orangegamer,

Enchanting heights sdn bhd is a subsidiary fully owned by mah sing. the risks should be low as there could still ways to sort/recognize it internally.

however i just hope that the agent does not mess up / confuse things and presumed that is the right payee.

i suggest you to double check with the 2-page Offer Letter which contains the instructed payment details. i saw those who submitted would have that letter, so if you don't have visibility about what's talking here on the Offer Letter, it is your right to chase it down from the Agent.

hope it helps.

Let's do a simple decision map to lists 3 top buying factors and 3 top not buying factors, on a paper.

Then ask yourself by counterbalancing effect of each another. And analyze if you can accept the final factor(s), which you found it hard to eliminate / ascertain.

And to answer your question and assumed that you are just buying for investment :

-> with 1900 units and 3.5k installment per month, knowing the unit only comes with 3-bedroom, + another RM 330 on maintenance fees = i think you already know about the answer.

Plse do not forget there will be another 660 unit x 3 rooms just at doorstep to compete against your investments.
It looks like Seri Wahyu can be better investments for now.



This post has been edited by honesty tan: Mar 26 2017, 11:20 PM

If similar package for similar product, it tells stg if the price does not progress.

Anyhow the nett price is always much higher than dev's price floor.

This post has been edited by honesty tan: Mar 27 2017, 12:11 AM

The best you could do is rent it to close friend / relatives.

The least you should do is renting without stamping the rent agreement.

The basic of your guilt is similar to the act if you have traffic violations, but at different penalty levels / amounts.

p/s: there is a reason why this rule is not stated in SPA. try think more about it.



This post has been edited by honesty tan: Mar 27 2017, 12:18 AM

If you manage to calculate the NPV+IRR of holding a 300k rumahwip for 7 years (3 years is settled through construction period) whilst there is no hard rules on "cannot rent", versus 700k+ that you would commit for lakeville, the ROI definitely is higher on rumahwip lor. The longer you hold, the larger is the ROI %.

Not a fatal problem I would say.

Bro you already bought the wip?

Haha perhaps after VP then PM me, I tell you how to do it.

Lol anyway buying properties is a forward looking exercise and long-term investments, do prepare the worst scenario, even you need to pay full on the installments, for at least 7 years.

Hedge first before commit.

This post has been edited by honesty tan: Mar 27 2017, 12:47 PM

Vp = vacant possession, carry the same meaning as OC - means key collection / handover.

Yes you are on the right track to spend and save wisely.

Sorry bro I keep it brief as I type from mobile, hehe.
Npv stands for net present value, IRR is internal rate of return by factoring your costs of capital / outlay which includes yr legal fees etc, from initial and to be projected over years. Both these work together to see if your opportunity brings in positive values in target investments period.

Let's say the upside for this rumah WIP thing is estimated to be below 450k+, for 800 sqft BU as it is categorized under Apartment. The strategy is either sell it after 10 yrs or continue to reap the rental yield. Holding it long enough will have rather stagnant price as buyers will have difficulties in financing for leasehold that left with 55 years or so.. or ppl even start to complain for 94 minus 10 years = 84 years (best case)..

For your questions, One household can only buy ONE WIP in their whole life. Leaving it empty will not violate the agreement with DBKL. And knowing your strategy is to buy for rent, or buy to sell is very important. If you predicted this thing only brings in return value of about 100k after 10 years, you can also save that 100k for e.g. 2 years, to invest / buy other things - hence, that served your opportunity costs / decision whether you wanna commit or not, for now.

This post has been edited by honesty tan: Mar 27 2017, 05:07 PM

Price psf = 300k/800 sq ft.

Maintenance = ~RM 0.25 psf x (800+total car parks sqft) = ~RM 230

Monthly commitments easily ~ RM 1500+ , for 30+ years loan, 90% margin.

This post has been edited by honesty tan: Mar 31 2017, 12:38 AM

So high even with 6xx units?

Means it's closed to RM 230 as estimated earlier.

Guys please also note the new Strara rule will include car parks sq ft as part of your maintenance fees.

One typical car park is around 100-120 sq ft.

This post has been edited by honesty tan: Apr 1 2017, 04:23 PM

Pay by buyer.

Haha luckily they don't take your quote as their advertising tagline..

Else really LMAO!

Try MBB, you should get around 4.3% for 500k and below of loan size.

Many of my friends commit for The Era (by JKG Land) recently.

Most KV areas were gradually flooded with new developments but kepong only started tremendously in last 1-2 years. But almost all are high rise / affordable houses.

It already started before the launch, no?

Not sure but can legal transfer before CF?

I think some efforts need to get done probably special arrangement / customized legal document (they usually named "Trust Deed" between two parties) to get the car park reassigned after CF.