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> Loan Compression, For Property Loan

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TSklproperty1234
post Apr 16 2017, 01:45 PM, updated 3y ago

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1.) Is this a good way to invest in properties?

2.) Does property guru promoting this method favours their own interest or your interest?

3.) Is this lawful?

4.) How much they earn from promoting their multiple loan submission projects?

5.) Name some projects that are exposed to these type of investors.

This post has been edited by klproperty1234: Jul 31 2017, 12:43 AM
AskarPerang
post Apr 16 2017, 02:10 PM

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Hearsay the good old days of such method will be over soon. This loophole will be closed soon.
Mark up loan and multiple loan submission normal practice for ppl to get many properties at 90% mof. Doesn't matter which projects. you can even submit loan application to bank for different projects but all around the same pricing.
Kicimiao66cc
post Apr 16 2017, 02:34 PM

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This is not close soon. It is closed. All the bank loan agreement attached with undertaking letter regarding this issue. Fail to comply are subject to reduction loan margin or void of agreement. If you signed both agreement SPA and LA but eventually bank cancel your loan due to this issue... then bye bye to your deposit paid.
TSklproperty1234
post Apr 16 2017, 04:07 PM

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QUOTE(Kicimiao66cc @ Apr 16 2017, 02:34 PM)
This is not close soon. It is closed. All the bank loan agreement attached with undertaking letter regarding this issue. Fail to comply are subject to reduction loan margin or void of agreement. If you signed both agreement SPA and LA but eventually bank cancel your loan due to this issue... then bye bye to your deposit paid.
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Do you have an example of the letter?
TSklproperty1234
post Apr 16 2017, 04:14 PM

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QUOTE(Kicimiao66cc @ Apr 16 2017, 02:34 PM)
This is not close soon. It is closed. All the bank loan agreement attached with undertaking letter regarding this issue. Fail to comply are subject to reduction loan margin or void of agreement. If you signed both agreement SPA and LA but eventually bank cancel your loan due to this issue... then bye bye to your deposit paid.
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Do agree on the risk of having issue with the banks, that would be one of the risk. Another risk that should be highlighted is the investment risk/ repayment. They can project a wonderful exit plan for you, but what if it doesn't materialise?

You might also stuck with a project with lots of investors that has multiple unit which they can't afford to hold. And these people they don't buy 1 or 2. They buy 8-10 each person.

And if you buy as a normal investor, you would certainly lose out to them in terms of entry cost. That's because these group buyers get in cheaper (at least 5% extra). You might not want to invest in places with lots of investors with lower entry cost. You'll have hard time competing.

Some of the projects exposed: Robertson Pudu, opus kampung attap, pacific star Pjsection 13.

This post has been edited by klproperty1234: Apr 16 2017, 04:15 PM
MNet
post Apr 16 2017, 04:38 PM

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Robertson Pudu is a good buy
maskcooler
post Apr 16 2017, 05:35 PM

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parking. want to alsoo
Kicimiao66cc
post Apr 16 2017, 06:49 PM

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QUOTE(klproperty1234 @ Apr 16 2017, 04:07 PM)
Do you have an example of the letter?
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You can refer some previous thread comments. It's call declaration letter, I can't really remember it sign attached or separate letter. Whether I got copy or not also can't remember. For sure I had signed for it.

https://forum.lowyat.net/topic/2316697/+20

https://forum.lowyat.net/index.php?showtopi...&#entry52706819
ManutdGiggs
post Apr 16 2017, 06:52 PM

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Hi TS u newly reg today wo

Blif u r oso kaki with some gurus rite??? Late got guru attacking guru for tis topic wo. So which side r u actually???
heavensea
post Apr 16 2017, 07:46 PM

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lol ts, ini tactic lama oledi majiam dota 5.84c

In today's market.. rent -ve, over supplies, rumawip competition, no demands.

If you're not ong enough, 1 or 2 of your project delayed and eventually abandoned. Ready to meet akpk ans eventually loyar untuk declared bankruptcy.

Good luck gg.
TSklproperty1234
post Apr 16 2017, 07:46 PM

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QUOTE(ManutdGiggs @ Apr 16 2017, 06:52 PM)
Hi TS u newly reg today wo

Blif u r oso kaki with some gurus rite??? Late got guru attacking guru for tis topic wo. So which side r u actually???
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Most if not all are 2x5. We are on the non-guru side. To prevent the public from getting slashed left right centre. If they wanna help, help sincerely. Don't bullshit others with their hard earned money.

This post has been edited by klproperty1234: Apr 16 2017, 07:49 PM
heavensea
post Apr 16 2017, 07:47 PM

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QUOTE(ManutdGiggs @ Apr 16 2017, 06:52 PM)
Hi TS u newly reg today wo

Blif u r oso kaki with some gurus rite??? Late got guru attacking guru for tis topic wo. So which side r u actually???
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After attending "classes", ts feel he/she gonna berjaya majiam prop bulu.

Bbbuuu
ManutdGiggs
post Apr 16 2017, 08:22 PM

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Wateva stylo they r giving the intention is obvious they just wanna hav a cut

Not rite or wrong. It's biz afterall. Just tat the consequences if bad they ll not lend u even a finger nail not to mention a hand.
planc
post Apr 16 2017, 08:36 PM

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QUOTE(Kicimiao66cc @ Apr 16 2017, 01:34 PM)
This is not close soon. It is closed. All the bank loan agreement attached with undertaking letter regarding this issue. Fail to comply are subject to reduction loan margin or void of agreement. If you signed both agreement SPA and LA but eventually bank cancel your loan due to this issue... then bye bye to your deposit paid.
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Yes, this method tak boleh pakai ady..CCRIS can see P, A and T..if bank see got 2 A then gg.com they can terminate the agreement..10% deposit, loan stamp duty really 88.com

This post has been edited by planc: Apr 16 2017, 08:43 PM
TSklproperty1234
post Apr 16 2017, 08:57 PM

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QUOTE(ManutdGiggs @ Apr 16 2017, 08:22 PM)
Wateva stylo they r giving the intention is obvious they just wanna hav a cut

Not rite or wrong. It's biz afterall. Just tat the consequences if bad they ll not lend u even a finger nail not to mention a hand.
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There nothing right about unethical practises, doesn't matter biz ka or not biz ka, NGO ka, mnc ka, Charity ka. If unethical, please f*****g close shop.

This post has been edited by klproperty1234: Apr 16 2017, 10:19 PM
ManutdGiggs
post Apr 16 2017, 09:18 PM

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QUOTE(klproperty1234 @ Apr 16 2017, 08:57 PM)
There nothing right about enthical practises, doesn't matter biz ka  or not biz ka, NGO ka, mnc ka, Charity ka. If unethical, please f*****g close shop.
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Mind to share which gentleman has make u so angry ga???


kb9
post Apr 16 2017, 10:03 PM

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QUOTE(planc @ Apr 16 2017, 08:36 PM)
Yes, this method tak boleh pakai ady..CCRIS can see P, A and T..if bank see got 2 A then gg.com they can terminate the agreement..10% deposit, loan stamp duty really 88.com
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Bos what does P, A, T refer to?
TSklproperty1234
post Apr 16 2017, 10:22 PM

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Is bank Negara overseeing this matter? Or they have no way to control it? This kind of practise might create artificial demand and it's not good for the market.
planc
post Apr 16 2017, 10:25 PM

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QUOTE(kb9 @ Apr 16 2017, 09:03 PM)
Bos what does P, A, T refer to?
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Approved but not accepted T
Approved and Accepted A
Pending P
TSklproperty1234
post Apr 17 2017, 03:11 PM

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QUOTE(planc @ Apr 16 2017, 10:25 PM)
Approved but not accepted T
Approved and Accepted A
Pending P
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Thank you for the info

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