Looking for Recommendation, Fully Furnished Highrise @ Klang Valley
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 Oct 31 2022, 08:40 PM
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Senior Member
2,834 posts Joined: Dec 2020  
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QUOTE(nothingz @ Oct 31 2022, 08:13 PM) the last time i saw the lelong advertisement, i think it has around 70 years lease left now. The project has just completed Hmm to vp with a 70 year lease is not normal is it? I think that’s why they were slow to sell.  |
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Nov 8 2022, 10:25 PM
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Senior Member
2,757 posts Joined: Jan 2007
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QUOTE(Cavatzu @ Oct 31 2022, 08:40 PM) Hmm to vp with a 70 year lease is not normal is it? I think that’s why they were slow to sell. Banks may be reluctant to provide loan to this kind of property. It is true that having 70 years lease at vp is not something good. |
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Nov 9 2022, 08:49 PM
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#23
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Senior Member
1,591 posts Joined: Oct 2010
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QUOTE(nothingz @ Nov 8 2022, 10:25 PM) Banks may be reluctant to provide loan to this kind of property. It is true that having 70 years lease at vp is not something good. Hi just curious if this was a concern then purchasing a sub sale leasehold property with about 70 years remaining would also be a problem right?Banks would reduce the LTV ratio? |
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Nov 9 2022, 11:47 PM
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Senior Member
2,757 posts Joined: Jan 2007
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QUOTE(langstrasse @ Nov 9 2022, 08:49 PM) Hi just curious if this was a concern then purchasing a sub sale leasehold property with about 70 years remaining would also be a problem right? Some banks may not even want to borrow you, even if they want to borrow you the rate offered may not be nice. Banks would reduce the LTV ratio?  |
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