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 Should I buy house Next Year?

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khoocheekit
post Jul 29 2020, 11:31 AM

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QUOTE(j88j @ Jul 29 2020, 11:28 AM)
last few weeks banker told me wait for Jan 2021 there will be a lot lelong house which owner unable to pay after Oct 2020 (3 months no payment then lelong)

but today 3pm PM will announce loan moratorium extension...LOLz
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lelong will be another story
icemanfx
post Jul 29 2020, 12:08 PM

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QUOTE(j88j @ Jul 29 2020, 11:28 AM)
last few weeks banker told me wait for Jan 2021 there will be a lot lelong house which owner unable to pay after Oct 2020 (3 months no payment then lelong)

but today 3pm PM will announce loan moratorium extension...LOLz
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He said banks suffered a total loss of RM6.4 billion, which affected their capacity in providing new loans totalling some RM79 billion.
https://www.malaysiakini.com/news/536531

Loan moratorium suspend loan repayment mean less funds is available for bank to disburse new loan, tightening liquidity, lower loan growth, less and slower property transaction moving forward.

This post has been edited by icemanfx: Jul 29 2020, 01:18 PM
trust4you
post Jul 29 2020, 05:37 PM

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QUOTE(chrisw @ Jul 29 2020, 11:30 AM)
Wangsa Maju 470k 3-bedrooms, brand new
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what project? PM me i want
BoonieTan
post Aug 1 2020, 03:20 PM

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QUOTE(chrisw @ Jul 29 2020, 11:30 AM)
Wangsa Maju 470k 3-bedrooms, brand new
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Is this the one near Aeon Alpha?
Samuel.Realtor P
post Aug 6 2020, 09:42 PM

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As long as you are financially prepared and have a clear vision of what you want, it is a good time to buy a property.

Buy a property from the developer can save you a lot of money.
HOC - Free legal fees on SPA, Loan Agreement; Free MOT & etc
The developer rebate which can up to 10% or more.
However, you may need to wait for the completion of the property and pay for the progressive interest during the construction period.

Buy a property from the secondary market, you can move in once the transaction is completed.
What you see is what you get, so you have a clear vision of what you get.
However, you need to be prepared at least 14% of the property price for the down payment and transaction fees (legal fees and disbursement on SPA & Loan Agreement; Stamp Duty on SPA & Loan Agreement; MOT and etc)
khoocheekit
post Aug 13 2020, 11:18 AM

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QUOTE(novblaze @ Jul 28 2020, 11:41 PM)
I am thinking to buy a second hand lease hold over 20 years condo in KL.
Or is better to buy a new one?
Ayam poor. Budget around 400k. Dont recommend 400k for 600sqft condo.
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Where are you from, if KL/Selangor, you can buy rumahWIP or rumahselangorku What.
TSnovblaze
post Aug 13 2020, 11:24 AM

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QUOTE(khoocheekit @ Aug 13 2020, 11:18 AM)
Where are you from, if KL/Selangor, you can buy rumahWIP or rumahselangorku What.
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That one have to wait they pick
khoocheekit
post Aug 13 2020, 11:33 AM

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QUOTE(novblaze @ Aug 13 2020, 11:24 AM)
That one have to wait they pick
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If rumahWIP no need i guess, there is plenty rumahWIP outside, what you need to do is look for the SA and ask them to help you, it's way easier

 

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