Windfall tax on the applicants?

For properties with caveat, is it true that buyer won't be able to get a loan from bank?

Penang cannot buy low cost if u already a property owner.

Err, dunno why agents keep on saying cannot buy etc when i wanted to big for one flat in penang last year.

rental can cover the loan interests if you buy in the right location. as for my case all my rental (full furnished) can covered bank instalments ,  just need to invest time n money to furnish it,  as the return are attractive.

The thing is this though, for leasehold, if you do renew your lease to 99 years, I’m unsure if the value would be the same, or at least higher than when you purchase them since developers don’t renew the lease for you upon VP

Any reason why is like that?

Or anything other prop near LRT within the budget ? As long as it is near a public transport system such as LRT or MRT.

Looking for auction units mah, cheaper. If you walk around, you how many places you can visit ? 

You know, I really enjoyed reading the stories posted here...so grounded with reality, these actual cases...helps out perspectives to people like me "

One question... auction units or not, would people go for those units that are cheap like 50k, plus minus, buy outright cash and then rent it out for 250-400? Seems to make better returns than getting those in the range of couple hundred thousands and still rent for that low (600-800).
I know the type of tenants come to play too, but would like to hear your thoughts on this Thanks~

To the first point, agree...and if it's gonna be more than 100k, then may as well buy subsale... better peace of mind too...

And ya, I thought the same as well with the type of tenants that these type of properties will attract...think they may not take much good care of your property and end up you might incur losses just to upkeep the place and pray no delay in collecting rent.

Good to understand further on this, thanks everyone for the replies so far

Also to note, many of these <RM200k properties are leasehold and >20years old. Won't be easy to get a loan on it.

Sorry, didn't mean to offend, not judging tenants wholly on rental, only making a deduction of what I've learned so far about certain pool bracket that needs to be factored in, is all. I used to have Utopia-mindset of people, but was told this world doesn't operate like that :/

I've seen hi-fi people that can behave worse than most decent beings too, so I do understand it boils down to individuals.

All cost incurred in foreclosure is borne by borrower and is not cheap.

Wait ... if he was the only bidder and he refuse to take the property, wouldn't it mean that he will lose his deposit?

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....