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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...
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
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
SUShioniq
post Jul 1 2020, 02:21 PM

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Some are right, developer still got many units unsold. Is bad luck as that time I in many projects always fully sold out on the 1st day launch and some even hv to ballot. So I was quite happy that time able to secure one unit. Mana tau just right after that property market downtrend and overhang everywhere. Let s pray got someone takeover my condo, I already admitted sure loss on this one and just dump it to reduce the stress
SUShioniq
post Jul 1 2020, 02:26 PM

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I hope pn can launch hoc2020 for subsale, offer same packages lar. Help us small citizens, why only help developers who are already superb rich. That s why gov never take care of people, only take care of tycoon
SUShioniq
post Jul 1 2020, 04:05 PM

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If you place 30k down payment to me I will reveal full details to you, else if you just busybody then don't ask too much
SUShioniq
post Jul 1 2020, 06:13 PM

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QUOTE(JimbeamofNRT @ Jul 1 2020, 06:10 PM)
Correct, I can afford the loan no issue. This one is my weekend home only
SUShioniq
post Jul 1 2020, 08:55 PM

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Yes, I wanna dump this and upgrade to safiro which costs me million. I don't like too much stress, if this one can't sell no go for the safiro only. I save the money for travelling better
SUShioniq
post Jul 2 2020, 08:59 AM

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I already expected it is very slim hope to sell now, no issue to continue hold since this is freehold

 

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