How many are stuck with their vacant property this year?
Multiple Signs of Malaysia Property Bubble V20
Multiple Signs of Malaysia Property Bubble V20
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Sep 19 2018, 10:57 AM
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#1
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Senior Member
1,389 posts Joined: Apr 2009 |
How many are stuck with their vacant property this year?
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Oct 1 2018, 09:11 PM
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#2
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1,389 posts Joined: Apr 2009 |
QUOTE(wild_card_my @ Sep 30 2018, 11:04 AM) Those are lelong units. They are unable to repay the installments so the banks exercised their power of attorney to force-sell the unit. Unfortunately, even the banks can't sell it to cover the principal outstanding, and the difference still has to be paid back by the borrower. |
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Nov 27 2018, 11:45 PM
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#3
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1,389 posts Joined: Apr 2009 |
QUOTE(bearbearwong @ Nov 27 2018, 05:31 PM) now all renting at loss , or what they say , rent out to cover a bit the loans.. Have to buy furnitures n fittings in order to rent. Lose some more moneythe problem is many are like that... with rental so low, ppl are discourage to buy and will continue to rent, with more and more affordable projects ard more competition. dont forget tenants sign tenancy agreement, you are bound by it as well |
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Jan 11 2019, 03:24 PM
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#4
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1,389 posts Joined: Apr 2009 |
I see some open day show galleries filled with prospective customers - normally young men and women in nice (almost party) clothes. Going by their age, I dont think they are genuine investors in high end locations/properties. Are these paid actors?
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Jun 27 2019, 08:23 AM
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#5
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QUOTE(icemanfx @ Jun 23 2019, 12:45 AM) ![]() ![]() Most rental yield is below average loan interest rate. https://www.redangpow.com/blog/what-is-the-...n-klang-valley/ |
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