Can make fake ccris payment records too?

Nowadays with so many digital footprints, these kind of claims are all fairytales.

This post has been edited by TOMEI-R: Feb 10 2021, 07:41 PM

CCRIS checking will be done by bank nowadays. Even if You printed it and submit to bank, they will still have you to sign in the authorisation form to allow them to access to you CCRIS.

Fairytale is meant for followers ma. Many wannabe or lazy dudes wan it fast n furious in prop play.

U ll b surprised to see their actual debt ratio n the pathetic equity. 🙈🙈🙈

True. Basically it’s not wrong to listen to those gurus or REN.. but do keep in mind, the money is yours and you should spend time to do research before jumping in. It’s probably weird to hear this from a REN, but it’s for your own good too. Investing in property often bring more benefits in long term but only if you have the holding power. Don’t over stretch yourself but invest within your means. Always look at the potential risk before making the final call. If you can handle the risk then by all means. If not, keep it within your capability.

This is an advice to all property buyers out there.

Dude.. You need to learn to spot sacarsm. Like Malays say, Don't be a pembaris.

Everybody needs to pay "tuition fees" first.... Take it as a lesson.

The reason I started this is to provide the best answer I can ... so sarcasm or not, just do my part Lo...

Anyway, Happy holidays and gong Xi fa cai

upon we accepted bank offer, will bank assign lawyer to us to complete the transaction or we can choose from the list of bank panel? or etc

You mean for loan documentation? Normally banker will pass it to one of their panel lawyer. But if you want, you can also choose one from the panel lawyer’s list of the bank. It’s entirely up to you as long as it’s from the bank panel. Some bank even allowed adhoc appointment of lawyer, means you can engage your own lawyer even if their are not the panel .

I've been looking into properties in South Puchong & cyberjaya. most of them priced below initial launch price. Is this temporary caused by MCO? or the properties going down? Is it good time to buy?
I worried the price keep going down, or not going up in 10 years.

Examples (some over 10years till lower than initial price)
Cyberjaya : Garden Resicence(Cassia,Evergreen, Jacaranda), Summerglades
Puchong : Apicalia, Putra Impiana

Do take note that most properties sold in primary market comes with freebies, rebates, discounts, etc hence even with a higher selling price during launch, buyer still buying below the actual listed price. And once the properties is completed, the value is based on the actual value and no longer under developer’s asking price. In some cases, you will notice that the actual value is lower than the previous selling price. But to those who purchased the property during launch, they probably still making some profit even if they sell at the current market value.

For your case, if you are planning to buy for investment purposes, then you need to make sure you have the holding power over the years while waiting for the price to appreciate. But if you are buying for own use, then value won’t be much of a concern unless you plan to sell it off after 10 years? Cos for own stay, normally people would sell if the price matches their expectation or keep staying if it’s not.

Hope this help. I did not mention any of the project as I’m not based in west Malaysia. My comment is on the general part. If you want a detailed discussion, then maybe you can speak with the local RENs around the area.

Happy New Year!

Hi,

I read a lot of offer 70% discount for double storey around cyberjaya less than 300 K. Too good to be true ?

Cyberjaya!!!( 35X75 Double Storey ) LinkHouse Freehold Limited Unit!!!

Need advise.

Currently I stay in old 1000 sf apartment bought last 10 years ago via subsale.
Looking for 0 % deposit of undercon property.

Just want to know when start paying to bank ? After 100 % completion or once loan has been approved after 1/2 months later

This post has been edited by jiwaman: Feb 25 2021, 11:11 AM

Normally for undercon project, you start paying progressive interest the moment your loan approved. But if there's a DIBS (Developer Interest Bearing Scheme) then you dont need to pay anything until COC is issued. But you still can choose to pay the principal during this duration.

As or the 70% discount, im sorry im unable to comment as im not in the area.

Hope this help.

Thank you for your reply really useful and do they all offer DIBS (Developer Interest Bearing Scheme) ?
Let say property priced 300 K could you calculate for me how much would be cost for progressive interest and how much principal need i to pay.

Not all developer offer DIBS. They might offer it but under different name ...

For progressive interest, it depends on the interest rate as well as the claims by developer to bank.
For DIBS, normally you dont need to pay anything during construction period..

Although I am not too sure on projects in KL as I am based in Sabah.

May I know, the stamp duty exemption is for first-time homebuyer only or an owner who has sold his only property (under his/her name) and buying another property?

Stamp duty exemption is only for first home buyer for property less than RM500K..

But if you are buying directly from developer directly under HOC package, then it doesn’t matter how many homes you owned.

Hope it helps

That is why I want to grab during HOC offer but worry about how much need to pay during undercon because I have 1 K only for booking fee.

Hmm... if the developer is offering HOC package normally you only need to pay the booking fees and that's it. But to confirm on this, I suggest you check with the developer on the repayment.

But do take into consideration that there will be more payment to make when the property is completed especially if it's a strata properties. You will need to pay for the management deposits, utilities deposit when you apply for an account and etc. Not forgetting renovation cost as well as purchasing of furniture.

Hi, do you mean if the developer is under HOC package, then we can still get stamp duty exemption if it is not our first home?

Yes. You get stamp duty exemption for property price from RM300,001 up to RM1,000,000 for your SPA and up to RM2,250,000 for loan.

More info can refer here: HOC2020-2021

But just as a reminder, HOC will end 31.5.2021 ..