QUOTE(victorian @ Oct 18 2020, 02:00 PM)
I bet the one who sent you this is mashing agent. Mah sing= high range? Lol
1. 10 years can’t sell, didn’t say cannot rent. If not sure please read FAQ. Plus the 10 years moratorium is calculated from date of SPA, when you get the keys it’s already 2-3 years after.
2. Rumawip max is 300k, so downpayment is 30k not 50k. Even if you add all the legal fees max also 40k. Yes, rumawip is not for people looking to cash out, you will need to have cash ready on hand.
3. Already said rumawip is not for investment, that’s why it’s for first home buyer only. Wanna play capital appreciation stay away?
4. Rumawip is sold BMV, it’s much easier to break even if you rent it out compared to open unit.
5. Loan eligibility =/= affordability. House= liability if you are staying in it. There’s no shame staying in a rumawip.
6. Again, what you pay is what you get. Of course you can’t compare the quality of rumawip to open unit, they are priced about 50% lower anyway.
7. Other projects can give you cashback or 0 down, but at the end of the day the fundamentals of the property is still more important.
Next time, think for yourself what is in it for them when they send you this. Do they have a vested interest in this? I’m not saying that Rumawip is fool proof, there are a lot of bad projects out there as well, but for a first house, I think you can’t go wrong with rumawip. Agents are only telling you to avoid rumawip because they want to sell you their products...
Thanks for your constructive reply. Majority of the replies weren't focused on facts of the matter but rather childish assumption about me being a Mah Sing agent. I gotta use a dupe so the particular agent has less clue about me. Spamming on 3 threads are merely to gain max. exposure. Now, here are my thoughts:-
QUOTE
Someone sent me this. Any thoughts?
1) 10 years can’t sell and rent ( can’t do tenancy agreement)
2) 50k downpayment plus lawyer fees do you want to come out with this kind of cash flow during current situation
3) Actually rumah wip is like last time concept flat so no one will earn a lot in capital by buying flat because of the government restriction
4) if stay forever ok but if you want stay then rent sure not worth it sure won’t increase and hold your quota d
5) if you want stay forever got children d ppl who stay rumahwip salary also quite low if you stay with them education also not so good safety too especially your loan can pass why not choose a better developer project
6) gov grant the land then ask developer build low cost range level so quality not so good maybe got leaking or cracking because use low material to build
7) if your profile can buy normal or high range can go for mah sing don’t buy lower material product like rumahwip
Although Rumah wip price is cheap. But for the term & conditions will make you in a difficult situations. Right now you need to pay 10%Downpayment and bare all the legal cost (Approximately Rm50k)... As rental yield and value appreciation is low because is capped by lower middle income group.Frankly to say in future also difficult to resell in good price because of the surrounding environment(if u got passby to those Rumah wip area, the road is 100% full of car parking, crowded.Because of Rumah Wip design is 800 sqft ( for 3 Rooms), but per unit is only 1 car park is provided), so I think u can imagine what is going to happen..
1) Renting to locals is possible, subsequently tenancy agreement is possible. S:https://www.malaymail.com/malaysia/article/rumawip-owners-allowed-to-rent-out-their-units-minister-says
2) 10% Dpayment + MOT and Loan Fees came up to RM42,050. I guess this depends on individual. I am totally fine with this amount.
https://pictr.com/images/2020/10/19/74toqf.md.png
3) Not sure about this, government flat such ass PPR do appreciate as well right? No experiences and stats on this. Didn't see any black and white "government restriction" on this matter. Any thoughts, guys?
4) Renting is also based on free market principle. Again, I don't see any cap on rental price.
5) I think this is a seriously bigoted statement. Rumawip is not exactly low cost at rm300k. Although, price of the property "might" affect the "quality" of the tenant, I don't see Mah Sing projects as being any more "atas" in that sense. Keyword: might.
6) I guess choosing a developer with a good track record is the least we could do. U pay what u get for in most cases, same goes with cheaper private projects.
7) nuff said.
Density: It's again subjective, sky awani 3 or 4 seems really high. My targeted rumawip instead is extremely low at 250 units per acre.
Oct 18 2020, 01:37 PM
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