Yes can claim back. But you have to pay with your own money first, then only claim from the bank later.
Since EcoSky still fairly new completed, should be not high the outstanding amount.

any guides i can read up for lelong properties? like can we get pre-approved loan amount from bank before bidding? what else need to fork up other than 10% down-payment, SNP/stamp duties etc?

thanks for the info
thanks... but what will happen if loan dont get approved on time? penalty?

why don't want to listen when ppl advice you back in 2012? And why desperate buying 4 years back? i assume you got it late 2016? Also those 20% cash rebate sounds like a flipper trap. I'm talking about buying something worth the price which i usually got them only through subsale not from developer.

Until today out of the 5 unit i bought only 1 was from developer. I'm only holding 3 at the moment.

So is it a good time to go into property?

In 6-9 months time, the prop market will fall. no way it will increase during this time.

people are losing jobs, pay cut. i dont see people buying prop during this time unless got discounts and this means price decrease

some youtuber say property market will not fall but price will increase some more ler because of 6 months moratorium 

Still got property expert say propeety price will go up?

Now already crashed 20% .. mine crashed 15%..

The prop market expected to reach equilibrium ard 30 % crash or more..

cant do much. much are loan deferment...

wrong move that this backdoor going to help M40.

bullet are limited and shall focus to help SME with the hope to keep the jobs

The worst is zombie companies took big portion of the grant.

true.

but how about set up a fund, which will be channel directly to the staff of those companies that closed down or laid off staff.
i read many factory in northern region and hotel closing down for good

those are people needed help more than M40...

anyway, no point discuss as backdoor gomen sure have their agenda to make decision.

Believe it is more productive and important to have conducive business environment e.g cutting down red tapes, lowering cost of doing business, etc than temporary relief.

Facing competition from China, our country have no choice but to change and be more competitive else the recession will prolong.

Economic recession, downsizing, retrenchment, pay cut, etc are inevitable. The million dollar questions is how to reverse the downtrend.

so....500sqft studio KL RM120k got?

Oh Sorry my statement , Not greed , but pessimistic about property or the economy , it’s totally different,

I just hate people spread pessimistic in young people society

Prove me the claims then , how many in one area ? 2 or 4 ? 20 units ? Out of 200,000 , 1,000,000 or 2,000,000 existing houses in one area?? Oh my God, that’s a lot  !!! 


Which area are sold 800k then still selling 800k now after 3 years or 5 years , I wan see JPPH Jabatan report not Iproperty ones 

No property that cannot rent out
The issue only what the rental rate

Provided his rice bowl still soild. And 6mths is just a guess. It might even stretch to 9 -12mths before it shows result. At that time, the sharks might make more preparations than ppl.

Also no gerenti that the area he vie will drop.

Just take bbw as example. For years he took the advise of ppl telling him will DDD and what happen?

Always be wary of people who tell you "properties are an investment". How can a bunch of brick and mortar appreciate in price? Just call it what it is, speculation. Those who tell you otherwise are ignorant or are liars.

My first house bought at RM68k, sold off at RM180k, second house bought at RM330k and off at RM740k.
So you called me a liar . . . . .lol.

I was replying to this statement "How can a bunch of brick and mortar appreciate in price?"

which development showroom?

can't disclose. i was told police visited the showroom later. some visitors made reports.

Tipu 1 la, most probably ppl queueing up at shopping mall

Sleepless nights – that would best describe the mental state of Alex, a property investor, these past few months. He had been optimistic about three years ago when he bought several properties on the advice of a “property guru”. Property prices will go up, you can enjoy bulk discounts and benefit from the rebates now, he was told. He was assured of great options for short or long-term rent to cover the mortgage, plus a lot of cash in hand. 

The good days have come to an end and the promises have turned into a nightmare. With the current economic situation, what will it mean for Alex and his family if he is unable to service his mortgages when the six-month moratorium ends in September?

He is but one of many individuals going through such a situation.

https://www.theedgemarkets.com/article/cove...-under-pressure

That's not the right logic. In that case, you might want to consider gambling in Genting an investment.
What you had just described is the definition of speculation. Investment is something where the value (not the price) of what you invested in increases. E.g. you buy shares in company, company performs well, it reflects on your share price. Bricks and mortar themselves not increase in price, because they do not gain value.

I hope that more people see this post and dont chase high in auctions.
Dont be misleaded by auction gurus to keep the bidding high. And dont naively believe in negative gearing.

Buy only when the units can give you a rental yield (after minus maintenance fee) higher than + loan interest rate + FD rate (lost of opportunity cost) + 2% minimum safety margin to account for OPR rise later

E.g. Property auction price 400k, after lawyer fee, stamp duty, MOT = 450k
Rent = 2000 per month *12
Maintenance fee = 500 per month *12
Loan interest 3%
FD rate 1.75%
Minimum Safety margin = 2%

(2000 - 500)*12/450k = 4% - 3% - 1.75% - 2% = -ve

To determine the maximum property price that is OK (still not a good deal because we have not include possible repair/rennovation/refurbish fee), but at least still OK to buy
(2000 - 500)*12/(Loan interest + FD rate + minimum safety margin) = 267k

To me personally is not to buy any property if you cant find such a deal (which is almost impossible for now), just continue renting for now. Dont FOMO (If no one buys, the market will be able to enter the correction needed unless rental is raised with increased in minimum wages). Just look at the NAPIC data, supply is still much larger than demand.

In an article published this month, I remember it stated that some states' supply is 6x the demand. There is really no need to panic buy right now. Dont be so quick to catch the falling knife.

Buy now ....best time n best price
Price will uuuu to new level after covid wave

Finally the bubble will pop.

Fuck all y'all speculators who made so much noise whenever government tries to put legislation to control prices.

"Let the market decide", you said. Dont go crying to government for aid or bailout now when you have been enriching yourselves at everyone else's expense for decades.

So when is the best time to buy ? Now consider good time?

this one surely gonna kana soon ...