There is no law to say you must sell at market price.

All price negotiation on subsale is agreement between seller buyer.

New launch is not necessary market price.

This post has been edited by mini orchard: Jul 21 2020, 07:38 AM

Loan financing is base on selling price.

There is no such thing as loan mark up to get higher loan .. but there is mark up selling price to obtain higher loan.

If borrow can fraud the bank, why not ? ... 1mdb ?

This post has been edited by mini orchard: Jul 21 2020, 11:03 AM

I wont say is totally illegal per say.

There is no fixed price for a property but there are range of prices for similar properties. As long the SnP price is within the range, is acceptable to valuer.

The higher end property will have wider range and vice versa.

One cannot find similar or closer value for a detached property compared to terrace.

Today you are very popular in Serious Kopitiam ?

In a SnP, there is ONLY ONE price.

Somehow, someday there will be a noob who will buy at inflated price and I dont think is illegal. The bank / valuer may think he bought at mark up price and adjust the loan accordingly.

As mentioned earlier, there is a range of prices of similar properties. When the property was purchased at the highest range, we cant say is mark up unless is way beyond acceptable level.

If the buyer can beat the system, then he gained with a slightly higher loan. A 30k mark up for a 80% loan is 24k.and is acceptable for a 500k property.

What happened behnd the SnP is between seller buyer.

This post has been edited by mini orchard: Jul 21 2020, 10:13 PM

There are ways to settle the mark up price. One dont need a supplement agreement between seller buyer.

There is NEVER an agreement in the first place.

What goes behind the scene of SnP is neither with your or my knowledge.

If the govt can accept it, the bank can approve the loan, who are we to say is illegal or otherwise ?

This post has been edited by mini orchard: Jul 24 2020, 06:08 AM

As though those without mark up no default ?

You can NEVER proved marked-up in the first place if seller buyer agreed.

Conviction of a crime is based on evidence and not hear say. Nobody will write b&w for 'illegal' transactions.

This post has been edited by mini orchard: Jul 24 2020, 07:41 AM

What is fraud ? ...is when someone suffered a financial loss....in marked cases ...

Govt will collect higher stamp duty (mot) for marked up sale.

Govt will collect higher stamp duty for loan agreement

Govt will collect higher rpgt tax, if applicable.

Will govt charge the seller buyer for such transaction ? and

Banker will collect higher loan interest payment.





Default by borrower is lain cerita.

This post has been edited by mini orchard: Jul 24 2020, 07:02 AM

Marked up wasnt started yesterday.

Compressed loan wasnt started yesterday

Is all in the open. Press reported. Official mof statements made.

BNM is NOT sleeping, not sure about you.

They can ONLY implement rules to curb but CANNOT stop.

How many kg of info you need ? Just google and tons are available.

This post has been edited by mini orchard: Jul 25 2020, 07:22 PM

Read my earlier post.

This post has been edited by mini orchard: Jul 25 2020, 06:07 PM

There is a BIG different between marked-up price for loan purpose and marked-up price for supply of services/products.

The former is 'executed' through the loan agreement where 'REPAYMENT IS MANDATORY'. Upon settlement of the loan, banks have collected back the principal disbursed plus interest. There is NO loss to the bank. There is NO fraud.

Again, I repeat ... default by borrower is lain cerita .


The latter is 'executed' through a price increase for the supply of services/products. Suppliers dont benefit from the price increase. Less services/products are being supplied for the same amount of money paid. There is a LOSS to the company that have paid a higher price for the services/products. The person who received the 'marked-up' is NOT OBLIGATED' to repay the money received. THIS IS FRAUD !

The forner is 'legal' and the latter is ILLEGAL !

It NOT a surprised that NON will be charged for 'loan fraud' which is 'illegal' made legal between banks and borrowers through a LEGAL STAMPED LOAN AGREEMENT !

Banks are 'illegal' Ah Long made legal by BNM through issuance of banking licences while Ah Long are 'illegal' made illegal due to non compliance requirements ! Nevertheless, both are money lenders !

If marked-up is bank compliance, how is it a fraud ?

This post has been edited by mini orchard: Jul 26 2020, 04:55 AM

From the begining, I didnt say is legal or illegal.

This post has been edited by mini orchard: Jul 26 2020, 10:43 AM

Banks don't report to police mean they dont have proof that it is not 'illegal'

Bank Legal Advisers are not for parade ! They are being paid for their professional opinion !

Is as simple ...'Catch me lor, if you can !'

This post has been edited by mini orchard: Jul 27 2020, 12:26 AM

Criminal proceedings are not the purview of banks ! When can next of kin charged a murderer for murder !

Bank will only disbursed what is being loan. Proof of balance payment or all payments are handled by the lawyers ! Whether any actual cash movement is inmaterial as long seller 'CONFIRMED RECEIVED' through a booking receipt !

Or are you talking about a live video recording of a 'hand shake.'

There was a saying by a 'popular' forumer in lowyat forum ...

"Those who lives in coconut shell thinks that is his world !"

This post has been edited by mini orchard: Jul 27 2020, 08:08 AM

Bank staffs accomplice in marked up ?

When did lawyers ever asked for proof of deposit payment other than the booking letter ?

Cashback from developer 'legal'?
Free MOT 'legal' ?
Free lawyer fee 'legal' ?

Then why marked up in subsale cannot be cashback, free mot and legal fees ?

My lawyer say no wor ! That is not his business. He see documents only.

Signed means confirmed received !

This post has been edited by mini orchard: Jul 27 2020, 09:20 AM