Should be changed to must stay 5_ years, cannot buy ANY other property in this 5 years

What is the different between Malaysia Rumahwip and Singapore Executive Condo? Why in Malaysia many dun keen to buy this type of property but in Spore many wish to have one EC?

This post has been edited by planc: Sep 26 2017, 11:14 PM

Malaysia have alot of options.... the launching of rumawip and AK's affordable projects make alot of other developers follow the same path with higher density lower pricing... with less than 100k difference sometimes u can buy a private condo unit with good freebies and rebates... i doubt singapore will sell their private project same size as the executive condo with similar pricing... haha

Rumahwip cheaper than the normal project 20-30%, now my salary stagnant and I dun hv the ability to increase it, dunno our gov can help me increase it 20-30%? Best is no need OT, no need to work on weekend and big bonus end of the year for go Europe travel..currently also got few non-Rumahwip projects launched in the market, good location, price range quite close, monthly installment around RM300-500 different only..so what is the reason ppl die die must rumahwip?

yup korek... u presented my statement precisely in another way... haha... hence why government have to increase the eligible income to sell their rumawip out... otherwise holding cost unbearable and they curi more money from our EPF....

You see this link will understand more https://www.iproperty.com.my/rent/kuala-lum...nsi%20Pandanmas

basically 50% of rumawip owners nowadays... looking for investment... unfurnished ones rent at 1100 per mth... enough to cover interest already... the rest just rugi as investment cost... 1300 can cover interest and maintenance i think... good investment deal... provided if the owners dont simply rent to foreigners...

So what r the main objectives for rumahwip?

provide affordable housing for investors... help government in getting more votes...

Honest reason, wanted to buy for own stay while still working. Retire out of KL, if got demand resell or rent out.

thats shud be more than the 10 years moratorium period already... its a valid reason... if you buy for own stay within the moratorium period... i will say its perfectly correct...

Great idea! Instead of locking the unit, better locking the buyer name in other SPA or locking their loan eligibility for 5-10 yrs.
This will make investor re-think before action, who knows maybe better deal come in next few month or 1-2 yrs..
But this would not effected those genuine people to buy for stay.

If gov really put more effort to block those investor from 'stealing' the chance from those people that really need it, they didn't even need to increase the salary limitation..
Out of so many solution, they pick the most easy way to let them and their developer friend make more profit..

got a fren managed to sapu two units of prima. plan to 'rent'

1 people buy 2 unit?? Possible?

When you have lots of cash, anything's possible.

I even read one member's comment where some uncle sapu the entire floor of one condo a while back.

I thought GOV are quite strict on this... or they are GOV them-self..

Well, he could've brought his siblings and/or family members along and they registered in their names, not his alone.

I have an uncle from Kuching who bought units together with my other uncles and aunties in a KL condo once before (different floors). But rental collection is still done by the former, tho.

This post has been edited by DesRed: Oct 6 2017, 10:04 PM

this is bolehland, anything's possible.

Saw the news 'said' will take action against those investor... Said lah...