sometimes cannot trust runner. they say will submit to 10 bank. but in reality they submit mayb 1-2 only... dont be surprised if u call the bank they say dont have your application.

asking price too high. bank usually value only based on the last transacted price. so some agent will kaodim with bank to push this value higher by finding one sucker to buy a "renovated" property. then the whole area last transacted value goes up...

kena cap liao...

Realistically no one has 100k loan.

Let say if a loan is 700k, that is 145.81 extra a month

Or 1749.72 a year.

450k double storey? 700k semi d? Mana? Share2 with us...

2nd floor. Review say 5th floor above only got view. Else got blocked by other buildings

And 3A = 4 to me. Developers should really just consider removing any 4 altogether n not just change them to 3A

Seems to be a good time to buy and it will only get better I think. Cash is king again

I think this condo used to have many issue.

https://forum.lowyat.net/topic/4197928/all

this might sound like a good idea but its not. A clear example of how this can go wrong very badly is if you look at the US public housing project. They have the effect of creating a ghetto because of the concentration of poverty stricken individuals.

https://en.wikipedia.org/wiki/Public_housin...e_United_States

I heard auction property financing by bank is not easy. And that buyer has only a small window to secure finance for it. Any opinion on that?

https://www.imoney.my/articles/6-biggest-ri...tioned-property

The risk seems to be alot. How do a bidder avoid all this risk?

So how much cash I should prepare to get into auction property to cover all this cost ? 20, 30, 40, 50% of the reserve price?

why is risk higher on leasehold property ? because of the transfer of title ? but the 90/120 days is only for getting the loan correct? not including the transfer of title....

ic, so they need to transfer of title before loan disburse. This would be an issue...

Also i've heard leasehold goes for 6 months n above to get authority consent. If this is the case you actually need to prepare 100% of the loan amount just to be prepared in such cases

i've also heard some nightmare stories when comes to title transfer due to misc issue like foreign ex-owner, developer wound up n title still not issued by developer yet, some joint owner died, etc etc

I'm a silent reader here. But after reading your reply I had to say something. I see that u are a strong supporter of property investment n u always point to article that claim that property investment is the best way to get rich. As usual the real answer is not as simple as yes or no.

To be more specific the answer is in fact country specific.

https://stansberrychurchouse.com/asia-wealt...t-surprise-you/

Here are comparison of 3 countries where stock value VS property inflation prices.

In US, the increase in property prices are no way near the rise of stock prices increase. In the article above only Singapore property did better than STI

https://www.bloomberg.com/amp/view/articles...-getting-richer

If we only talk about US..

In the article above (detail study paper is link inside the article) shows the riches individual keep their money in equity and not real estate.

"The second paper, by New York University economist Edward Wolff, found similar forces at work in the U.S. His data clearly shows that the wealthy have relatively less of their money in houses, and more in stocks and other financial assets"

So... Where is your study that property is a better way to get rich compare to equity investment?

I personally would advice everyone to not focus on a single class of investment n try to diversify. No need to gung ho support only your POV is right and think other opinions n experience doesn't matter n realize there is many road to success.

This post has been edited by WhitE LighteR: Jun 17 2018, 04:45 PM

most soho are too small, too expensive.. they only sell location

2008 is due to bad debt n greedy bankers. It has nothing to do with oversupply. Don't misunderstand and associate anything about property to 2008

Malaysia property bank loan is quite tight after 1998. It's not as bad as 2008 in the US where they basically throw home loan to unqualified people for the sake of boosting up numbers. Then sell those bad debt as triple A investment to investors. When the loan not able to be service by the borrower, the investments goes bad twice worst