Bintang Fairlane

All 904 sqft

Lolssss that burn

based on the lelong price the owner still make profit as they enter price is lower

In a way, yes. But it depends on all the auction fees, agent fees, misc considered (I think a few rounds of auctions have been held already)

This post has been edited by Harry_Bobinski: Feb 23 2019, 11:06 AM

Auction fees is pay by bank/borrower. Incidental by buyer is like subsale.

Any property bought before year 2010, owner will still make profit even if sold via lelong price today.

However after 2010, especially if bought during property peak price in 2013-2014 will be another story.

In nominal sum yes, what about real value after include inflation/loan interest incurred?

This post has been edited by icemanfx: Feb 23 2019, 11:39 AM

Who is Gary Chia?

Woot I misunderstood. I thought he meant on the borrower side lmao but yes it is borne by the borrower whether profit or loss

Supposedly a property guru

Gary Chua la..

Lol. People have doubled or tripled their purchase price and you still talk about pathetic interest to the bank... are u having some kind of mental trauma from missing the bull market?

Missing the bull s**t...

As if money value doesn't affect by time.

If loan covered by tenant, get +cf some more, low downpayment, price already increased, why have to think about inflation/interest etc?

If we are talking about auction, as we originally are, low down payment isn’t that low -.- you got to pay all of it upfront, 5% for LACA, or in Tupai’s post, subsale, which means 10% + stamp duty + legal fees all upfront, that’s a lot of cash and at risk of loan rejection, which you may forfeit the sum you pay.

To most who did not profit from bull market back in 2011-2014, those new developments like for example EcoMajestic’s 6 units that are being auctioned, those owners are definitely suffering a loss.

If in this case, there shouldn't be any foreclosure in the market.

Masih boleh buat loan compression ke?

til 1/6/2019