If from developer, just sign booking form and proceed to apply loan.

Lawyers got, if require pls pm. Choose property > choose agency.

Thank you, I will PM you when the time comes!

Hi TS. I am very new but im interested in buying a property for own stay.

Due to the pandemic, I am expecting more subsales to increase. What is the complete process of purchasing a subsale property?

Is there anything i should be aware of or take advantage of during these times?

Edit: I realized i should provide some better info. Please pm if you needed.

This post has been edited by Kaffatsum: Dec 5 2020, 08:07 PM

Hi sorry for the late reply. Been busy for the past few days on some local projects.

Above is my reply in blue ya. I am not sure where is your location but I will reply based on Sabah market. Should be around the same but advisable to double check locally for a better assurance ya.

Hope the answer help you a bit.

Hi there,

sorry for the late reply. been busy for the past few days

Normally for subsale property transaction, it takes about 3 - 4 months to complete. But if it's related to government loan, it might takes even longer. I got cases that took as long as 1 year to get it done.

Beware of the GREED. No matter how cheap the property or how attractive is the property, always do due diligence. As a purchaser, you are entitled the rights to ask questions, and check properly on the property.

Take advantage of the opportunity, if you have done your due diligence and the deal is really good. Grab it and don't waste too much time thinking. (remember, do your due diligence first before you jump in).

Some people like to wait and see, but in the end what they saw is missed opportunities... They wanted to wait for price to drop further but someone else probably grab it.


Hope this help. if you need more information but prefer to talk in private, feel free to PM me. thanks

This is immensely helpful to me. Thank you very much for taking the time to reply such a comprehensive answer!

i hope it help in your decision making.

Thanks for opening this topic!

I look at properties on iProperty and they provide estimated capital growth and rental yield. I noticed some have negative capital growth. How important is capital growth if I planning for own stay? Thank you

Hi. If I am buying for my own long term stay, I wouldn’t really bother about the capital growth in that area. As long as I like it, I will just buy it.

As a REN, I normally will share with my clients on this:
Own stay - Get all of those who are going to stay in the house to go along and view the property, location, environment, and everyone to agree that it is the best place for them

Investment - Capital growth, potential income, and many other factors that potentially going to influence the price and rental as main considerations before buying

And to add more on your question, there are few reason why there’s negative capital growth too.

1. Old neighbourhood where the capital growth is past its peak and starts to drop or stagnant due to the property getting older.
2. New development next to property which offer better options
3. Developments of the area is slower than expected
4. Current market situation which is slower
5. Other reasons.


Hope this help.

Capital growth indication will tell you something about the location....upkeep, people profile, safety, amenities etc.

Hmmm ok thanks! I believe that it's negative because it's high rise as well. But me and my partner really like the location and the building. It's those lower rise kind of condo and not high density. Then very well maintained too, despite it's age. But I worry we will regret if we buy and then keep watching the price drop for subsale is it better to get landed?


I see. When I visited it looks quite ok or maybe I not yet see all the problems that caused price to drop. Could be because is old condo but no strata title yet. I think the other residents and the way is maintained is good but if price continues to drop, don't know if they will keep it up

If is old condo without strata title ...avoid it. Easy to buy now but difficult to sell later as many banks would avoid granting financing.

This. Either that or they grant financing at the range of 65 - 70% (max) with all sorts of TnCs involved too.

High rise normally will drop in price due to aging and it's old and without strata title, then the situation even worse. However, there are also cases where a well maintained building will still sees a small increase despite it being old. As for landed, while it will continue to increase as long as the tenure valid, it also depends on the location, development in the area too and other factors.

True. Some banks refrain from offering loan to property without strata too if it's over 10 years.

Ok thanks. Give me something to think about since I prefer subsale but my parents don’t like landed.

Speculative question: do you think buying new launch condo now is a good idea? Since most of them are very high density, I cannot imagine in the future price appreciate as well as condo bought 10 or 20 years ago. Asking because I’m not the expert <3

Any time when you are financially and mentally ready is a good time.

But buying mow means
1. HOC benefits
2. Lower interest rates
3. Better packages offered by developer.

But of cos, performing due diligence is very important.
Developer’s background, development plan for the area, and for property investing purposes, there’s even more to look into. For own stay, as long as you and your family member are happy with the location, project environment and the unit itself, then it should fine.

For capital appreciation, it’s definitely will increase BUT there might be a drop too since KL is a matured area. And if it’s a high rise, then the chances of the price getting stagnant or even drop in the far future is even higher due to the wear and tear of the property and also the management of the property. Just a point to consider.

Very good insights and helpful. And your honesty and straight forwardness very refreshing:) Thank you!

Thanks. I joined the real estate industry few years back as a total noob back then. And it's difficult to find someone who willing to share their knowledge especially if you are not buying from them. So when I decided to start this thread, I hope can help more people, especially first time home buyer who sometimes quite clueless on where to start.

Sometimes the info might not be as accurate as it should be, hence I really hope everyone reading will still make the effort to look for more information elsewhere before jumping in.

My loan approved for a subsale purchase, signed SPA and Loan Agreement already. How long before I can get the keys to the place? My law firm told me need 3 months from after SPA stamping? I thought that's pretty long, considering everything already signed...