I will talk to my conveyancing lawyers and see what I can get from them. Will share it here.

Wooo thanks sharing. 120 working or calendar days by the way?

Rawang

In the event the time is up, the deposit is defaulted right? WHo gets it, the bank or the auctioneer?

Right, i got the idea. Thanks mate. it's quite clear now.

But seeing that some defaulters are behind 200k++ in some cases... a 10% would not do much for them

normal under a growing economic cycle? why?

it's normal for a bursting bubble i guess?

In a way I feel guilty.

But if it is not through me, than they would do it with others.

He is Check his postings/threads. Nothing wrong with that, everyone got to eat

Cyberjaya tops the list. I vouch for this list as a resident of Cyberjaya

wah the agents openly advertise their items in each of the property-specific threads

wonder what the current owners feel about this

I believe he is. Check the threads that he started, he lists these lelong units. If you are interested can always get in touch with him, he'd be happy to facilitate your purchases.

There is a jalan dalam. but it is not too well-maintained. More like a jalan kampung. Those are your only choices.

BIMB increased 0.1% following CIMB, HLBB increased by 0.1% recently on 10th of January

My bad. 0.13%. There are resources for this. Regardless it was due for everyone. Some banks do it earlier, others try to be "cool" about it.

I feel sorry for Cyberjaya buyers. This place is not "like" a ghost town. It is one!

There is almost nothing of significance here.

compression.

they apply from different banks for each application. 5 different houses, 5 different mortgage applications, from 5 different banks

The banks think these applications were all for 1 single house

erm wasn't passing around/up the CDO one of the issues that led to the sub-prime crisis in the states? They kept selling and selling them to the point it burst in their face.

What is "parcel out" in this context means?

ok so if the buck stops with the banks that gave out these loans... are these banks going to die with the NPLs?

okay suppose the banks followed BNM's guidelines, but BNM and the guidelines have no way of anticipating (or at least they did not) issues such as loan compression. Now the banks that financed these properties would have to eat up all these losses when the borrowers are declared bankrupt.

The guidelines clearly did not provide or recommend any technical means to stop loan compression. Won't this affect the banks in the end when shit figuratively hits the fan? The bankers are greedy, loan approvals are being bushed despite the banks themselves making it more difficult for loan applications to go through, bankers keep finding ways and loopholes to maintain their sales numbers and earn those commissions.

Btw, when caught with 5 unpaid loans applied unfaithfully through compression, can the borrower be charged as a criminal - for lying to the bank?

Bank rakyat unit trust. About 14% a year consistently