which country you are working in now? You can PM if you want it to be discreet.

Any impact of MCO on property transactions? Will the land office be open?

Definitely there will be impact on property transaction. Not sure if all the land offices will be open during this period, but even if it's open, it will be minimal staff and also by appointment only.

Just got to know that they are closed for MCO areas, definitely impacted.

yes. surely got delay

hi. quick question. for undercon, a lot of them do not require downpayment. but if i want to reduce the payment, can i still give a downpayment?

example. house price 800k. due to HOC n freebies, no need to pay 10% depo. but since i have some cash, is it possible for me to lump let say 150k initially? will banks allow that?

Hi. Yes. You can do so. Just let your banker know the amount of loan you want to take.

Let say for RM800K property, your 90% loan is RM720K. If you want to make another RM150K, means the loan amount u taking from bank is only RM570K. Just let your banker know will do .

But do take into consideration that you will still need to pay for the management deposits upon VP in the future for strata properties. (If applicable). Renovation fees, furniture purchases, etc. Do make sure you keep some cash too

This post has been edited by YeohKW: Jan 21 2021, 11:44 PM

Hi there, I'm looking at the possibility of renting condo (or serviced apartment) in the Petaling Jaya (PJ) area in the coming months (Q3 2021).

Can sifus here recommend a few developments I could look at with the following conditions?

1. Relatively new developments (2016 and newer).
2. Rental budget RM2000 with 1+1 years.
3. Area at least 900sqft.
4. Can be semi or fully furnished.
5. Parking 2 bays.

Currently looking at Ryan&Miho which will complete by February 2021 from last I read, though MCO may have delayed this.

As I understand it at the moment under MCO most condo and serviced apartments are not allowing property agents and the potential renters to view the units. Is there a workaround this?

I’m sorry I am unable to provide any information this time round since it’s out of my expertise. Hopefully someone else able to provide suitable information for you .

Hi sifus and gurus..i'm planning to buy my first property for own stay. At first was looking at subsale houses as those are what i could afford if i took out a housing loan. Then, a light of hope came in when FAMA felt it's better to pay back to them rather than interest to the bank, so got the option to buy freehold individual title landed house fitting the monthly amount i can pay them back. My question is..what should i be wary of when buying a house via cash..rebates and such are applied the same way for cash and loan right? Thanks in advance

Hi. Can i know more about FAMA? Before i answer your questions? Thanks

Sorry, would've been easier to understand if i typed parents instead. Basically they'll finance the purchase by cash first, and I'll pay them back over the course of 30 over years. That's what they offered. Fingers crossed they dont change their mind

This post has been edited by acap_p: Jan 26 2021, 08:16 PM

I see. If you are buying from developers, whatever rebates still applies to cash purchase. It just that instead of progressive instalments payable to bank during the construction period, you will be paying cash to the developer based on progressive payment during the construction period.

I have a 2-storey shop lot at Taman Midah, Cheras with 50 years left on the lease and I would like to extend it. But, I am planning to renovate it and build two more storeys. Should I extend my lease before the renovation or after? I'm worried that my premium will double up after the renovation.

Im not too sure if you can extend it at this point of time as there's still 50 years left. In Kota Kinabalu, they only allow owner to extend when the leasehold period less than 25 years.

What are the possible ways to get bank loans for people with barely any paperwork, to buy rental properties?

Or non-bank loans, I guess.

Hmm... this is a very hard question to answer.

To a bank, there are 2 options. One is through documents to prove your income and option 2 is to use collaterals. This are normally for those with a lot of properties which are fully paid off and live off rental incomes.

For non-bank loan, im not too sure then. Some parents purchase properties using their savings and the children pay the parents on monthly basis without interest.

But one for sure, banks nowadays do not take potential rental income into calculation. Even for a declared rental income with SPA, some banks only take 70% of the rental as income.

I guess this is why a lot of people say banks are stricter in offering loans nowadays.

Hope this helps.

Gong Xi Fa Cai!

To be frank. Practically none.

With high NPL nowadays, banks are super cautious and wary.

I guess there r ways

Some gurus can produce fake pay slip cum epf socso oso ma 😜😜😜

I really look up on tis kinda gurus n followers. Need more of them to feed the market in a way or another 🤭

Yes there are ways.. but again producing fake documents are illegal and if you are listening to so called gurus that teaches people to forge documents, I advised better keep yourself away from them. These people aim is to earn money and doesn’t care about others.

Buying properties should be within your means. And not overstretched yourself to get one. I do understand some people has the cash but do not have proper documents, especially income tax statement for those sole proprietor business. In such cases, one can always declared the income backdate ... but subject to late penalty. But again, it’s better than illegal ways.

Just my 2 cents