edited. thx

This post has been edited by streethype: Jun 24 2019, 01:14 PM

Buy lelong unit but keys collect from developer office.
Plus no need pay progressive interest.
Here's the story:

Opening of the unit:





By the way, this unit only come with 1 car park slot.

bro.... progressive interest is also part of the interest payment that we need to pay right?
if this is the case, that means the buyer can buy the property straight away a brand new one and once SnP signed then monthly installment kicks in....

i think, it is not. interest only count when full monthly installment kicks in.

wat progressive interest?
this unit already completed....where got progressive interest????

please refer to Askar's post. He said that this lelong prop is a brand new which the winner collect keys from developer's office.
So, no need to pay progressive interest like when u buy undercon unit.

Bro

Why reply tto me?
My understand is same as you

In this case there won't be any progressive interest to pay, when you get the key you have to start with your mortgage repayments.

You will pay interest when the progressive billings start. That means when the bank disburses money to the developer as per the billing schedule you will pay interest on the amount disbursed by the bank. Hence why I rarely ever buy any new launch property until it is 1 year to completion, else the amount you pay only enriches the bank.

yes correct... that is why i also mentioned tat this project is actually direct full monthly instalment.

progressive interests is part of the normal interests that already calculated in the loan installment correct?> Please correct me if I am wrong.

progressive interest is a bit only when bank out 20% for developer build the property, out more money pay more progressive interest.

while your first installment start upon building complete. example you borrow 500k, you still start pay from 500k. progessive interest which you pay for maybe 2-3years never go into your monthly installment at all

I thought the progressive interests will be reduced our overall interests in the loan?

i also thought my property value will double up in 3years time frame.

expectation is far from reality bro

u double up your property value after 10 years that would be possible...

Another jackpot purchase from this Dr.
Cyber Heights Villa, Cyberjaya. Old place but still able to get fully furnish homestay/airbnb unit condition when break in.
Trully down to luck.

Cyberjaya can do airbnb?

All the pictures are actually belong to the owner, he adv it in mudah, iprop, etc tried to sell it at 565,000 somewhere in April, May.

Dunno what this agent try to do by uploading nice2 pic, fake hype?

If the owner has been realistic, his loss could be lower. May be he is a strong uuu herd member and was hoping to catch water fish.

This post has been edited by icemanfx: Jun 30 2019, 01:29 PM

Do u mean Muhammad Ishaq upload this picture to sell at mudah, iprop at April, May and now he claim he get this unit at lelong price?

I think the demand for short term rental in cyberjaya is pretty low. Usually it is more towards long term rental for working class who work in cyberjaya.