Recently in light of fund my home whose brainchild was edge prop and given green light by madir,

And hundred thousands of donation to pakatan government by REDHEA and some other prop developer all of sudden,

What is their hidden agenda?

After 5 year remortage or sell no clear cut on who bearing the RPGT and also the SPA.

Recently edge prop keep promoting Eco and also SP setis punya as shown in screenshot

Make sure know what u doing. Dont get taken advantage of.

There maybe two side to a coin, on surface all look glossy and brautiful, another side of coin is all "?????? And uncertainties" now. Don pray pray.

This post has been edited by trust4you: Nov 12 2018, 09:25 AM


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actually those projects offer in the fundmyhome program coz not able to sell out. no one interested. no buyers. haha. developer desperate to clear stock. all lousy projects.

if slightly better projects such as KL Trader Square (currently developer units still selling), i dont think the developer want to join such program. must as well they sell the remaining units themselves via normal way.

This is a good idea for the country to liberalize financial facilities and deregulate enterprises.

Why not?

Let it come and see the success and failure.

Don't be afraid of changes.

I was against this initially. But I read the stories from Mr. Tong point of view in The Edge Weekly. Kind of agrees with his point of view.

It is easier for first time home buyer to get a personal loan of RM60k and repay it in five years to built up their equity and downpayment. and its better for first time home buyer to start pay for houses instead of rent.

The downside is as mentioned, overhanged properties and 5 years time frame, anything could happen.

circlejerk/syok sendiri scheme between bank and developer.

It is a scam as highlighted by a forum member last week. Too risky.

Wouldnt say its a scam lah. What that forummer highlighted its just mainly pros and cons. The cost you adjusted it yourself lah, no once forces you neither is there anything hidden also, how is it a scam?

To clear unsold investories only. Anyway it's a willing buyer willing seller basis. No one force u take up this FundMyHome offer if you disagree with the T&C.
Furthermore you're not eligible nor qualified to fund them also as you're not institution investor.

Make the offer attractive like dropping the prices. I am sure the take up rate will be high.

unfortunately they cant really drop the price, unfair for the first phase buyer, later earlier phase buyer kaopek kaobu say y price no increase la stagnant la drop price la knnccb. then bad for their reputation bro, so fund my home came in at right time save developer arse in the nick of time, thats y developer super happy have this can help clear old stok, prepare to launch new stok future phase, so guess how many % given to edgie prop for every home sold under fundmyhome programme?

Investment mah, up and down is expected.

inb4, the developers who have too many unsold units should be suspended from launching before the unsold units are cleared.

Lol, seems like TS really anti FMH scheme.

1. So far, Sp Setia not joining the FMH scheme. Better get your facts right before start alerting others. Lol.

2. EW not the only developer joining FMH scheme. Sunway, IoI, MS also joining the scheme as well. Developers want to clear unsold products, leveraging the income of first home buyers after 5 years. Lol

I read that only CIMB and Maybank are participating as investors. I am not worried if banks are involved.

The exposure for investor is if the properties are sold below 20% of the original selling price, then (x-20 )% has to be borne by them.

In other words, if the houses have to be sold after 5 years, the banks are NOT afraid they will go below 20%.

From the gain perspective, the bank gets 5% flat gain over 5 years, which is less than the 4% compound interest they have to give out to fixed deposit.

So the banks are hopeful that the properties will be sold with more that 20% gain after 5 year ?

This post has been edited by puchongite: Nov 12 2018, 11:18 AM

What scam??
I don't think so..

Anyhow its one way to clear up unsold stocks 😈😈😑
Win win situation...

Support!

Drop the price a bit clear all old stocks better or let unsold unit hang longer time better?

https://www.fundmyhome.com/properties/buy?k...ull&developer=0

Maybe developers already dropped price ?

Remember developers only collect 80% of the property price at the start of this scheme.

We have to check if the so-called 20% discount was that also given to earlier (non-fundmyhome) buyers.

Have a read at this excellent analysis to get a better idea how this program may impact the participating home owners. Beware it's heavy reading and brain need to do some number crunching. cheers.

https://www.freemalaysiatoday.com/category/...me-is-bad-news/

I dont understand why such negative reactions towards this.

There are a lot more risky investment products out there like cryto-currency, margin, contra, forex, even call/put warrants. Even gambling in Genting has worse odd.

Most importantly people who make decision is informed of the risks involved.

Why everyone is shooting the person who come up with idea? If idea is bad, then people will not enroll. If you have better idea, please propose.

For those examples you quoted, people are aware of the risk.

For this P2P, it’s masquerading as helping people to own houses/condos/apartments but feels more like helping developers to get rid of unwanted properties.

True or not? Don’t know but that’s the general view.

Like that LGE or Tun M better quickly make themselves clear to the public they are no endorsing this.

Sekali kena blame kuat kuat if got winter mellon and tofu, 3 long 2 short.

If you meant endorse means approve, then all these are approved by SC/ Gover - cryto-currency, margin, contra, forex, call/put warrants, gambling (well, it is legalized).

Not negative.

P2P was mentioned in the Budget Announcement.

This can be misunderstood as govt endorsing it.

The question is whether the govt is regulating or deregulating P2P.

True, people who want to be part of it must fully understand the risks. A tight guideline need to be issued to ensure the educational part of this concept.

Even that I had seen a lot of people lost almost everything from cryto-currency, margin, contra, forex, call/put warrants, gambling, when they know the risks, probably not the extend of risks.

It is nature of human to take risks.

Quite naive lor if LGE wants put out his head on the chopping block. Does he gain anything from it ? LOL.

Yup. It’s human nature.

For this P2P, I have grave reservation. If via normal financing the person can’t obtain bank loan, then it speaks volume of that person’s financial status (under assumption he declares all his income correctly. Can’t comment on those who play differently in income declaration).

Govt need to be business friendly to private sector driven initiatives who are providing alternative choices for people to get financing to buy homes and clear developers unsold properties. I am not sure what is the guideline for people who are interested to follow. Everything is blurry.

because EPF is going to be involved.

Can they not enrol my EPF money?

Cimb, Maybank and now EPF. Must be thinking it is going to be a popular scheme ?

If buy for long term, fmh is not worth it right?

Lol... no worry, buyer will support the 20% drop cushion, you EPF is safe if the property only drop 20%..

that is one BIG IF there I highlight for you

fmh -> smh

Lol.. then what you expect? Drop 50%?? If drop 50% then I believe the share pricest of property company will plunge and the EPF investment in stock market will lose even more...

This post has been edited by samkps: Nov 12 2018, 10:44 PM

property company plunge? your head okay or not? Please read carefully what is fundmyhome scheme

Mind to enlighten when a property will depreciate 50%? As a matter of fact, if a fundmyhome buyer property depreciate 50%, actually the buyer is the biggest winner....

This post has been edited by samkps: Nov 12 2018, 10:49 PM

Haiz, sendiri jawab already. Buyer has all the interest to make sure property drop.

Buyer just tiny portion lah... Investor hold the biggest portion, they want property price to up nia...

Don't forget buyer only untung when property drops more than 20%.

This post has been edited by samkps: Nov 12 2018, 10:52 PM

All these years I've seen auction properties maintainance not paid, whole house needs complete renovation, and whole estate is like ghost town. If give you, how much discount you will buy it? For me is 70% discount, some close to worthless

Is it? Which property you are referring to? 100 houses 90 houses under auction?

Don't forget after 5 years, one needs to either buy back the house or sell the house. If choose to sell the house, buyer still need to bear the 20% losses, although the property depreciate more than 20%..

This post has been edited by samkps: Nov 12 2018, 11:10 PM