not really.

cash back is to reduce the SPA price to more reasonable net price for buyers.

of course developer can offer greater discount, but this might alert the authority, and also nothing better than "cash is king".

originally cash back is to assist buyers to reno their homes, not to assist buyer on loan repayment.

you need to re read what he posted again....

all 6 units will get cash back same time...…..

unless he bought 6 subsale units in one go, all go for loan compression, all go for mark up...….

freedom8901

Jan 4 2019, 12:46 PM
Post #320

Can't wait for my 6 units compression VP, two coming soon this month with 6-figures cashout. Wish me fat piggy year!

Would you use the term 'vp' for subsale purchsses?

Subsale is usually handling over key...

Not vacany possession.

Beside you dont even need to wait for key handling over to get yr cash back from sellers lawyer.

This post has been edited by BEANCOUNTER: Jan 15 2019, 10:28 PM

But we are talking about an investors language....

Not a lawyers language here

Ok
No problem. Subsale subsale loh....

Money in his pocket not mine.

But i thought the customer said he bought for his children????

Appreciation got use meh????

Become a slave for his children for life????

I can tell you terang terang my real case.

Property is in puchong landed....

Bought in 1997 for 235k
Sold in 2007 for 320k.......

Pls dun assume all property will double or tripple in price..
..one way to hollandland....

When u buy landed at built up areas, it rarely made losses....if you hold it lonv term.

Cant say if you buy at ulu places

Anywhere just want to pointed out that not all popety will increase one fold or two.......tis kind of thinking or expectation really need to reviist........

about there...….highest 350-360k but different and newer phases.

the crash was actually started in june or july 1997. I bought in feb 1997.

after 10 yrs, my appreciation was only like 50%. AND this is Puchong and not some 3suku locations that need to cross many mountains and rivers to get there....

those that bought in the last few years and hoping like hell that their properties will double or triple their prices in 10 yrs or more.....better pray hard hard and accumulate good karma.

you talk like holding 4 properties macam going karaoka and sing song tok kok.

he may even lose the education fund, not to mention lose further 2 units that meant for his children.

https://www.propertyguru.com.my/property-li...nda-tan-1449503

abt 700k.

i dont see it this way.

i rather used the 300k proceed and reinvest into other properties which luckily i banked more money than 300k after 10 yrs.

.
REALITY
A person who has never earn RM1,000,000 will never know how to manage RM1,000,000. 
Read this statement again and again. 

The above is so true.

Committed suicide so that he will not burden his family anymore because he is in massive debt.

The above sentence.....

how he will burden the family if all the properties purchased were under his sole name?

funny lah you all....

why blame guru and not those stupid investors themselves???

summore multiple buy of all places, condos in cyber????

these investors deserved it...…..

already mentioned the project is in Kuchai lama. why relate this to cyber???

Most of these projects offer huge cash back

Aiya one eye open one eye close lah..

If banks wanted to close this back door....not difficult de.

When comes to 1st disbursement, just log into borrowers ccris. All is there jor.