If you managed to secure 90% loan = 774k.
The differences 74k can cash out, take out to reno, buy car, etc.

But take note that since developer inflated the price, you will be paying higher monthly loan repayment to the bank.
And also less likely you are able to sell the unit back at 860k. Coz the real value of the unit is only 700k.

This is a usual method actually from developer targeting people that got no cash but want to buy property.

This post has been edited by AskarPerang: May 20 2019, 12:37 PM