Those on compress loan brought to Holland by guru sure stress Gila at times like this...

We need more people to speak up, they are advertising aggressively. Those uninitiated would get carried away by their talks.


I am curious also about this. If that was during freshies, that means you are doing quite good actually. Of course, without the properties you would likely be better.

Rooting for you to initiate

high earner if can get such high loan...

I see.. tq...
So i guess most of the buyers for this MK was those investors.. they buy and hope to sell out.
But if they don't hv the holding power, they are the most suffer as now is pandemic time (less inquiry for sub sales and less tenant).

This was a 100% for investment only project.... no one would've bought it for own stay as it just wasn't one of those types of places.

A lot of "investors" bought into it on the pretext that the cashbacks itself was a fantastic profit especially at that time as on some units you could get up to RM40k in your hand and all you had to do was swipe RM2k for a booking fee and then sign the SPA, 6 weeks later you will find that cashback in your account. There were some that fell into that trap called "Loan Compression" and signed up for anywhere between 3 and 8 units.

The thing with this property was it rode on the false premise that KL Metropolis would be a 100% successful development and everyday there would be conventions and exhibitions that would flood the reservation hotlines for this property.

THIS

summore when the SA is a cute amoi and the buyer go gatal try to score with her. lel

Oh yeah.... never underestimate just how many SPAs were signed because of "bebird gatal" though usually after SPA it needs to be serviced by someone else other than that amoi REN

I have seen cases liddat before. signed up because of cute amoi/awek at road show

lel

Hopefully he didn't lose money on that property.

Actually many developers would only request cute amois/aweks RENs from the agency for their road shows. Novice or don't know shit about properties also no prob.... as long got a pretty face then it's an all go.

Tq for explaining.

I think even some developer claim to hv GRR Gurantee Rental Return also didn't really gurantee.
Because if the company is gone and bankcrupt, who can gurantee you?

For above RM 40K, i think was from buyer loan amount, you just get it in advance.
Example: if the adjacent property is sold at RM 600K, but the mentioned property is RM 800K and free you cash back of RM 40K plus some discount.
A lot of buyers would buy it without study the background. at end of the day, developer can sell it higher price from RM 600k and what buyer get is from the jack up price.

So always compare the price, offer before purchase.

But as you said, if the amoi very charming and wear the skirt very short...
Then die la...

Houses at half-price, anyone?
....
Headlines about property have been like this, of late: Is it time to buy? Is it ‘still’ a safe investment? Is there light at the end of the tunnel?

There is a missing question: “Will prices fall further?”

https://www.freemalaysiatoday.com/category/...f-price-anyone/

Isolated cases and misleading headline

Can find a double storey landed freehold in klang valley with half price?

Definitely will drop further until net rental yield can cover installment (price point at which renters will think that why would they want to pay the rent when they themselves can own it with loan, price point at which property investment starts becoming sensible without capital appreciation). Unless the rental rate starts going up, which is extremely unlikely unless developers stop building, so that the existing supply pressure can be absorbed

https://www.ngchanmau.com/property/48348

This post has been edited by icemanfx: Aug 18 2021, 11:18 PM

prices will drop even further especially for this generation.
Economy uncertainty + jobless.

With regards to household distribution by decile, a majority of households experienced a decline in income whereby many households from higher income decile group shifted to lower income group.

In 2020, there was an additional of 12.5 per cent of households with income less than RM2,500. Meanwhile, 20.0 per cent of households from the M40 group with income between RM4,850 and RM10,959 has moved to the B40 group. Households in the T20 group were also affected by COVID-19 pandemic where 12.8 per cent of this group has shifted to the M40 group. As the percentage decrease in income for B40 and M40 households was larger than T20 households group, the income distribution for B40 and M40 declined to 15.9 per cent (2019: 16.0%) and 36.9 per cent (2019: 37.2%) respectively. Meanwhile, T20 group owned 47.2 per cent of income, increased by 0.4 percentage points from 2019.

https://www.dosm.gov.my/v1/index.php?r=colu...mdhMjFMMWcyZz09

Household income declined in 2020, home price may need to adjust further to be affordable.

This post has been edited by icemanfx: Aug 18 2021, 11:20 PM

This post has been edited by icemanfx: Aug 20 2021, 03:02 PM

Dont bother la, has been listening to property price declining since 7 years ago.
No point expecting it going up or down. We used to have Prima, selangorku, affordable housing
end up everything rubbish now.

Rubbish project will always rubbish.
Champion product will always pack with buyers.