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 Regretted investment

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SUShioniq
post Jul 1 2020, 08:55 AM, updated 6y ago

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Bought new condo in puchong with 5% rebate, served loan 5 years average 2k / M plus maintenance. Now bad timing so wanna sell but the condo price depreciated. Damn, now already told some agents help to sell with loss, but till date no buyer at all and many units waiting for sell too... Habislah I...
Marcion
post Jul 1 2020, 09:00 AM

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Siapa suruh pergi invest condo, invest bangolo, double or semi double house better depending on rigth place.
terradrive
post Jul 1 2020, 09:00 AM

RRAAAWWRRRRR
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what kind of chicken stall only 120k loan?
Aftermaths
post Jul 1 2020, 09:01 AM

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Might as well mention the place & price here icon_idea.gif icon_idea.gif icon_idea.gif
SUSwilsonjay
post Jul 1 2020, 09:01 AM

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the mistake is not buying the condo

the mistake is buying the condo in PUCHONG
ZeaXG
post Jul 1 2020, 09:02 AM

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Haha die la u property flipper
SUShioniq
post Jul 1 2020, 09:03 AM

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I do the calculation, owe bank 340k, if manage to sell I can get back arnd 310k means I hv to top up another 30k to fully settle the loan. If add in the 5 years installment I think lost 100k
novblaze
post Jul 1 2020, 09:03 AM

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Fake cerita.

TS must be those not working staying in basement type but act like as if able to bought a house.

I belib ts don't even have credit card
waghyu
post Jul 1 2020, 09:04 AM

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QUOTE(hioniq @ Jul 1 2020, 08:55 AM)
Bought new condo in puchong with 5% rebate, served loan 5 years average 2k / M plus maintenance. Now bad timing so wanna sell but the condo price depreciated. Damn, now already told some agents help to sell with loss, but till date no buyer at all and many units waiting for sell too... Habislah I...
*
Half price cut losses.
Zer0 c00L
post Jul 1 2020, 09:05 AM

i haz hammer!
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stay strong bro, stay strong.


Wonda coffeee.........
victorian
post Jul 1 2020, 09:06 AM

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Rent it out, as long as the rental can cover loan interest+maintenance fee you can break even.
ihm11
post Jul 1 2020, 09:08 AM

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can afford to hold keep lah
eden the boss
post Jul 1 2020, 09:09 AM

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hi,

where is the location. pm me
phalanxx
post Jul 1 2020, 09:11 AM

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keep lah. u got retrenched meh
Maria Takagi
post Jul 1 2020, 09:14 AM

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QUOTE(hioniq @ Jul 1 2020, 08:55 AM)
Bought new condo in puchong with 5% rebate, served loan 5 years average 2k / M plus maintenance. Now bad timing so wanna sell but the condo price depreciated. Damn, now already told some agents help to sell with loss, but till date no buyer at all and many units waiting for sell too... Habislah I...
*
want to know how not to regret this investment ?

rent in out for another 15 years

Don't worry after that you will get your money back
Boom Mortar
post Jul 1 2020, 09:16 AM

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Ok la,ayam bid rm500
SUShioniq
post Jul 1 2020, 09:17 AM

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Believe or not up to you, is true story. Every year I have to pay cukai taksiran and fire insurance too. The first 5 years installment all gone into interest - average 1k interest per month so the principal not moving. So I already paid 60k interest to bank and now the condo has to sell at loss. I wanna release it so can have peace of mind at least less burden
SUSifourtos
post Jul 1 2020, 09:17 AM

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QUOTE(victorian @ Jul 1 2020, 09:06 AM)
Rent it out, as long as the rental can cover loan interest+maintenance fee you can break even.
*
short sighted

all rented owner think future market and country is stable for 30 years to break even their property investment


like what most sheep doing.
DukeHyou
post Jul 1 2020, 09:17 AM

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in another 10 20 years no youth will be able to buy condo anymore.
it will become a renters market. stay strong TS, hold for another 15 years you will suddenly ++net worth overnight.

unless more lands are opened for condo/residency la.. which will definitely happen. Just look at our empty landmass in malaysia lol
smallcrab
post Jul 1 2020, 09:17 AM

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Padan mukak flipper

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