QUOTE(RedBishop @ Jan 21 2013, 03:24 PM)
I din receive bro Penang Property Talk, Property talk on Penang
Penang Property Talk, Property talk on Penang
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Jan 21 2013, 05:36 PM
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Jan 21 2013, 05:44 PM
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Jan 21 2013, 09:54 PM
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Jan 23 2013, 02:24 AM
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Jan 23 2013, 08:38 AM
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Jan 23 2013, 10:20 AM
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421 posts Joined: Aug 2005 From: Kepong |
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Jan 27 2013, 04:46 PM
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Jan 29 2013, 10:16 AM
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3,263 posts Joined: Mar 2010 |
QUOTE(lotiman2003 @ Dec 4 2012, 06:03 PM) If you want affordable landed house and don't mind leasehold of around 70years then you can try look in bkt gedung or bayan baru single/double storey terrace (not cluster house). I bought a unit at 360K 3mths ago (mudah.my listed 420K-430K). It might look old but after reno things will be different. low cost house or what?At first, I plan to buy a 2nd hand apartment around 400K but most of it got this issue: 1) 1 carpark (maybe 1+1) 2) High maintenance fee (swimming poor not clean enough) 3) High density (rush hour nightmare waiting for lift and traffic issue) 4) People visit a hassle 5) Master room is small, 2nd room even smaller, 3rd room no need to say. New 1100sqft condo: 1) 450K-500K (not include reno + gangster contractor issue) 2) High maintenance fee 3) Mostly 2CP (expensive CP) 4) Unknown house quality, environment, occupancy 5) High density (rush hour nightmare waiting for lift and traffic issue) 6) People visit a hassle 7) Master room is small, 2nd room even smaller, 3rd room no need to say. |
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Jan 29 2013, 10:17 AM
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3,263 posts Joined: Mar 2010 |
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Jan 29 2013, 10:36 AM
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667 posts Joined: Oct 2009 |
Hi,
Any idea how much per square foot an empty land in Tanjung Bungah cost? And what's the rate, in term of RM psf of build-up area Banks use to calculate a newly built bungalow house? |
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Jan 29 2013, 02:18 PM
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Senior Member
4,334 posts Joined: Nov 2004 From: Shadow Striker |
hello guys need some advice here
am eyeing on one property in penang priced around 650k, and was quoted this by the property agent: Legal Fees around Rm 6500 Stamping Fees Rm13500 Other Fees Around Rm 5000 Total (Around) Rm25000 Downpayment 10% Rm65000 My Commission Rm 6500 Rm25000 + Rm71500 = Rm96500 (Around) normal ke? the agent says in Penang buyer pay 1% fee to agent (other than seller 's 1%), while what i know is supposedly is seller pay 2% to agent and buyer pay 0%. of course i dont want to question this (yet) as i know sometimes there are local practises in effect... but the legal fees surprise me. pls advice whether the agent is correct or just trying to suck the blood of a newbie like me. thanks This post has been edited by Petre: Jan 29 2013, 02:19 PM |
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Jan 29 2013, 02:31 PM
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32 posts Joined: Jan 2013 |
QUOTE(newbie99 @ Jan 29 2013, 11:36 AM) Hi, Vacant in that area should be around RM200-300psf.. Built-up area should be around RM500-700 psf. Any idea how much per square foot an empty land in Tanjung Bungah cost? And what's the rate, in term of RM psf of build-up area Banks use to calculate a newly built bungalow house? But all these is really subjective. Also depends on which piece of land. |
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Jan 29 2013, 02:36 PM
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32 posts Joined: Jan 2013 |
QUOTE(Petre @ Jan 29 2013, 03:18 PM) hello guys need some advice here If this is only the SPA, RM11,500 legal fees for a RM650K unit is a bit high. That's excluding stamping fees. I wonder what is the "Other Fees"?am eyeing on one property in penang priced around 650k, and was quoted this by the property agent: Legal Fees around Rm 6500 Stamping Fees Rm13500 Other Fees Around Rm 5000 Total (Around) Rm25000 Downpayment 10% Rm65000 My Commission Rm 6500 Rm25000 + Rm71500 = Rm96500 (Around) normal ke? the agent says in Penang buyer pay 1% fee to agent (other than seller 's 1%), while what i know is supposedly is seller pay 2% to agent and buyer pay 0%. of course i dont want to question this (yet) as i know sometimes there are local practises in effect... but the legal fees surprise me. pls advice whether the agent is correct or just trying to suck the blood of a newbie like me. thanks For commission, yes, some agents do it slightly different in Penang. But it is still subjective. You can always negotiate. |
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Jan 29 2013, 02:43 PM
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Senior Member
4,334 posts Joined: Nov 2004 From: Shadow Striker |
QUOTE(pptalk @ Jan 29 2013, 02:36 PM) If this is only the SPA, RM11,500 legal fees for a RM650K unit is a bit high. That's excluding stamping fees. I wonder what is the "Other Fees"? thanks for clarifying. For commission, yes, some agents do it slightly different in Penang. But it is still subjective. You can always negotiate. using this link: http://www.elawyer.com.my/legal_calculator_info.php i found that SPA fee should be about 5k only, but i was quoted 11.5k? stamping fees are correct right? add up with agent fee and donwpayment.. easily need to pay up front close to 100k think i may just pass... |
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Jan 29 2013, 03:00 PM
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667 posts Joined: Oct 2009 |
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Jan 29 2013, 03:22 PM
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39 posts Joined: Jan 2013 |
Who need details of calculating the lawyer fees and stamp duty may PM me.
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Jan 29 2013, 03:49 PM
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Junior Member
32 posts Joined: Jan 2013 |
QUOTE(Petre @ Jan 29 2013, 03:43 PM) thanks for clarifying. Yes, the stamping fee is correct. But if the strata title is yet to be issued, then there is no title transfer. Which means no transfer stamping fees.using this link: http://www.elawyer.com.my/legal_calculator_info.php i found that SPA fee should be about 5k only, but i was quoted 11.5k? stamping fees are correct right? add up with agent fee and donwpayment.. easily need to pay up front close to 100k think i may just pass... If you have other properties, you can refinance your other property for another 100K, and then use that money to pay for the initial cost of this new property. Then it is same as 100% loan |
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Jan 30 2013, 12:37 PM
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1,368 posts Joined: Sep 2005 From: Penang |
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Jan 30 2013, 02:50 PM
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34 posts Joined: Oct 2006 |
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Feb 1 2013, 02:26 PM
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810 posts Joined: Mar 2008 |
for penang, agent commission is paid by both seller (1%) and buyer (1%).....strange rite
If the seller is untung damn a lot, maybe he will consider to pay 2%, buyer no need to pay.......IF lah... |
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