hi..

i'd like some input regarding this type of land

basically

price: 30-100k
size: 2000sqf (40' x 60')
land status: agriculture (usually being sold as bungalow lot)
land condition: basic infra/infra reserve


and i gather

pros
- price. can get it as low as 50k
- platform ready
- should want to build house, free to design

conts
- grant status will be joint ownership, not eligible for agro-loan even the status is agro
- location can be quite far fr town
- since it doesnt have any individual grant, so cant use it for banks also.. not sure if the 'property' is quite the term

other than value appreciation i cant quite project whats the possible return of this kind of purchase.
any suitable crops for this size of land?

tq

This post has been edited by call me random: Jan 9 2016, 08:23 PM

Land status under shared grant = no bank loan. Same problem as the kontena home guy which had to take personal loan instead. Aside from the cost to buy the land, you need to factor in the cost to build the house on the land, which you have to fork out on your own too.

I don't see how the value going to appreciate because whoever that buys it will not be able to qualify for a bank loan. So the buyer have to be cash rich, or take personal loan.

So despite the land cost being cheap, I don't see it being a profitable venture. But if for own stay, should be ok if you are planning to live there

no i dont plan to live there.. but consider this way..

u pay now rm10k. for example.

then later got money only build the house la.

like u buy house under normal housing developer..
u pay deposit also, (the same 10k) n settle the house full payment in stages/35yrs max later..

but the diff is while making personal loan could be higher cost cos only short term (10-20yrs) n higher interest, u still possibly more untung than those perceived value of what a house could be, n u get to control the quality also.

idk if my words is understandable lol

but now that ive wrote those out seems like still a long cut before u make actual money fr there

to make money this way you need:

1. You have to find someone that is willing to buy a house that sits on top of a land that is under a shared grant
2. The buyer have to pay you cash since he/she will not be eligible for a bank loan as well

if you are confident you can find a buyer who have no problems with the above 2, then it is a worthy venture to do

so far i have no plan to flip selling it off..

but i also cant figure any possible return.. maybe for rent?