subang is going to be sold, what else need to be secured?

It's was like above 10% 20+yrs ago. It's quite fair for banks to charge those who alwiz miss the due date for installment ma. It's biz thou.

When bank give loan 300k at 4.4% then it will also have to get the money from somewhere ie 300k from fd at 3% or saving account at nearly 0%.

If the consumer withdraw fd on monthly basis at a fixed amount until the capital fully depleted in the next 30 years, then the initial years bank will also mainly pay for interest then at later years only reduce more capital.

Purely based on mortgage is not earn that much la, what earn more are those credit card, personal loan, late payment penalty etc.

Put it this way,
In term market confident and financial viability during the stage of the development,
The bank and financial institution are highly confident in taking over the development project as soon as the completion of the substructure and superstructure.
That's why we always see a lot development project get abandoned before the completion of the structural works.
Upon completion of this structural works,
It's quite easily for financial institutions to look for further development right to continue those abandoned project as less hassle in dealing with overall rigidity of building that done by third parties previously.

It's a matter of give and take. There are many interested buyers want to buy EC and pick dead chicken like me. Vendor ady selling 10% below market price together with developer free gift leh. If I still ask Vendor to give me 1 year I'm sure he will not sell to me. That time I was not the only interested buyer viewing the unit.

What I meant for 6 months is when I sign offer to purchase, I put a clause there "subject to 90% loan approval within 21 working days". 21 working days ady 1 month. Then lawyers to draft SPA within 14 working days. There already 3 weeks. After signing SPA, the Vendor will need to pay 1%of the purchase price to the developer for developer consent to fulfil the condition of SPA, there we can drag another month, after that we go for normal 3 plus 1 month, another 4 months there already.

Flip or rental, either one lo. After I signed the SPA with the Vendor, the Vendor must sell the unit to me with the agreed selling price. If later he regrets wanna abort the sale then he will need to return my 10% downpayment and pay me additional 10% damages. Likewise if I abort the sale I will need to pay him 10% damages.

I always check on iproperty website and I can see many agent posting low price but actually maybe only 1 or 2 units are available for that price. Only those sellers who are desperate to sell willing to let go at cost price which they bought in year 2010, bear in mind the vendor still need to pay 2-3% agent fee, 1% developer consent fee, legal fee and they have been paying bank interest and maintenance for quite some time. They are selling at this price merely to cover their cost only. Whether the owner default his own instalment or having financial problem is not my concern. What i know is if the askinv price dropped more that means the vendor is making loss ady.

Besides that, I'm also considering the construction costs, transportation cost, petrol plus the bloody hell gst, inflation, ringgit depreciation when I bought the property. If I buy other cheap under con property from unknown developer, the risk of developer abandon the project is higher than me buying EC (cos EC ady got CCC), if I buy from big developer the price is not as attractive as EC.

2 years ago also got ppl willing to buy at 350k & 380k, if the mall really can be completed by June next year, I think it definitely will go back to 350k & 380k, even RM1k per sq ft is also possible.