Unker, bank has many departments. Before the account become npl, is handle by branch; where restructuring and face time is possible. After the account is transferred to legal/recovery/special assets department, few if any of staff from these department would meet borrower unless the amount is substantial.

To be fair you have a shifting stand. Some times you refer to the branch as the bank. And sometimes you refer to the department which gives to loan as the bank. You said npl loan has zero impact to the bank, and "bank" is not interested in optimizing recovering the bad debt. That is obviously a piece meal interpretation of what you considered as "the bank".

Where did I say npl had zero impact to the bank?

More like you are either confused or have no idea of time frame, stages, procedure or different department.

This post has been edited by icemanfx: Dec 23 2018, 11:16 AM

You neglected the time frame/stages. Provision is provided when the loan first become npl. Auction and bankruptcy proceeding occur after npl/provision is provided.

This post has been edited by icemanfx: Dec 23 2018, 11:37 AM

Not I neglected it. You neglected it rather.

Why you post something about it has zero impact without mentioning the time frame and what not ?

We are seeing the bank as one entity, we are never concerned about how one department of the bank sees it.

Bank may be is one entity but it's various departments play different roles. Bank policy/sop is set for reasons.

This post has been edited by icemanfx: Dec 23 2018, 12:51 PM

this icy fella, when she made a mistake, she would rather keep quiet one....never ONCE I read a statement from her that said 'sorry I have made a mistake'.

instead she will pusing pusing story until everyone kepala pening and then she claimed victorious.

I also malas nak discuss further....with her.....


but i gave this to her....not many female forumers that engage discussion with majority male forumers here. it takes knowledge and gut, even thought in cyber world we should be seeing each person as asexual, not male or female.


This post has been edited by BEANCOUNTER: Dec 23 2018, 01:31 PM

Basically it is view from different perspective.

Not that I pusing; more like the other has a narrow vision, got kepala pening from turning his neck too hard/much.

Another case study to share.

Boulevard Service Apartment @ Jalan Kuching.
Owner bought developer units (meaning after project completed then only buy from developer). No idea how big is the rebate or cash back gain here.
Sign agreement on June 2018.

Less than 6 months down the road, this unit already enter lelong market.

S&P price for unit 21-10 is at RM724,300.
Refer: http://www.summerfield.com.my/wp-content/u...-05-05-2017.pdf

Lelong price now is at 486k.
Refer: http://auctions.com.my/auctiondetails.aspx?ID=106701


Assuming owner took 90% loan, he is standing to lose out more than 150k in less than 6 months time only. And provided got bidder at 486k. High possibility nil bidder at this pricing.

Sure got cash rebate wan...

Here is yet another case study to share.
1 year ago, owner bought this OUG Parklane unit via subsale at 500k. No idea this unit come ID renovated fully furnish or this is mark up to max bank valuation price.



Today this unit in the auction market at 500k (first auction) starting since Oct 18.
Now at 405k (third auction): http://auctions.com.my/auctiondetails.aspx?ID=106700

Price will certainly drop to 3xxK before attracting any bidders.
Owner stand to lose out 150+k in just 1 year.

one year ago parklane prices already dropped so much jor..

from the bricks report, obviously some hand and leg had been made to buy at 500k.

The valuer reported $500k is deserved to be black listed by banks.

This post has been edited by icemanfx: Dec 27 2018, 07:51 AM

saw 1 SPA recently just 339k only

Property price is probably the least transparent among investment assets. Spa price could be highly inflated.

Just sharing lelong unit sold at more than 30% below launching price.
And yet come fully furnish.
What luck.



Opening of this unit:

Klang low cost single storey house.
Reserve price 40k.
Attracted 26 bidders.



Results:



This post has been edited by AskarPerang: Dec 28 2018, 03:50 PM

May I know the procedure of becoming a bidder?
Can we get back our bid and how much is the processing fees if any?
Is there a website where we can know more info to join as bidder?

rm150k for chicken cage (as the lady said...haha)..

far too overpriced...….