Jun 28 2020, 12:52 PM
QUOTE(smokey @ Jun 28 2020, 12:10 PM)
retail price ~460k
dev discount 10%
bought price ~418k
loaned ~418k
searched mudah for same unit selling price @2020 ~410k (i saw this is the lowest price, but lower floor)
if sell now at 410k, maybe lost ~40k to 50k (estimated)
anyway just sharing for your knowledge only..this is to tell u property investment is not always rosy
the morale of the story is, loan as little as possible because the bulk of your installment is just enough to cover the interest
Yes it is .. some you see even need to fully furnish also cant breakeven the mortgage value.. especially if the new condo suddenly built new to yours. dev discount 10%
bought price ~418k
loaned ~418k
searched mudah for same unit selling price @2020 ~410k (i saw this is the lowest price, but lower floor)
if sell now at 410k, maybe lost ~40k to 50k (estimated)
anyway just sharing for your knowledge only..this is to tell u property investment is not always rosy
the morale of the story is, loan as little as possible because the bulk of your installment is just enough to cover the interest
But why must buy new one ... just get subsale.. maybe can even get better discount.
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