QUOTE(samkps @ Oct 1 2018, 01:13 PM)
Thanks for sharing..
Perhaps I include some calculation example:
Scenario 1: Before Help2Own
Unit cost: RM 800,000
5% down payment: RM 40,000
1% introducer fee: RM 8,000
5% discount from developer:RM 40,000
90% bank loan: RM 720,000
Net paid by purchaser (exclude interest): RM 40,000 - RM 8,000 (assume introducer is family member) + RM 720,000 = RM 752,000
Scenario 2: After Help2Own
Unit cost: RM 850,000 (increase from RM 800,000)
5% down payment: RM 42,500
5% discount from developer: RM 42,500
70% of bank loan: RM 595,000
[20% of developer loan: RM 170,000; 7% discount from developer loan: RM 59,500]
[Net developer loan: RM 170,000 - RM 59,500 = RM RM 110,500]
Net paid by purchaser (exclude interest): RM 42,500 + RM 595,000 + RM 110,500 = RM 748,000
As you can see, for both scenario (1) and (2), the net paid by the purchaser are about similar. Remember the first 5 years, one need to pay the bank and developer every month, double commitment woh...

In this example, only assume the developer raise RM 50,000. How about they increase RM 60,000 instead?
The good thing is if the purchaser only entitle to borrow RM 600,000, he/she can proceed for second scenario. For first scenario, loan will be rejected.
yes, i had goto eco world for same house few month before. at the time did't make booking, cause buy house not a easy decision.
in my case house price have different from 830k to 860k.
for my point in he2own program, are eco world have made me waive interest from bank.
lest's use your example:
Scenario 1: Before Help2Own
Unit cost: RM 800,000
5% down payment: RM 40,000
1% introducer fee: RM 8,000
5% discount from developer:RM 40,000
90% bank loan: RM 720,000--> installment RM3670 for 30 year (4.55%)
RM 3670 x 30(year) x 12(month)=RM1321200
total up RM1321200(install)+RM40000(deposit actual pay)=RM1361200
so i have to pay 1.3m to own this house
Scenario 2: After Help2Own
Unit cost: RM 850,000 (increase from RM 800,000)
5% down payment: RM 42,500
5% discount from developer: RM 42,500
70% of bank loan: RM 595,000-->RM3032 x 30(year) x 12(month)= 1091520
RM 3670 x 30(year) x 12(month)=RM1091520
[20% of developer loan: RM 170,000; 7% discount from developer loan: RM 59,500]
[Net developer loan: RM 170,000 - RM 59,500 = RM RM 110,500]
total up RM1091520(install)+RM 42,500(deposit actual pay)+RM 110,500(help2own actual pay)=RM1244520
so i have to pay 1.2m to own this house
that's my point to see help2own, second are my situation only can loan 70% from bank
so for my case help2own are really suit for me
FYI help2own are not necessary. buyer still can take 90% loan plan, but will only discount 5% deposit