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 Penang Property Talk, Property talk on Penang

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SonnyCooL
post Aug 12 2012, 04:38 AM

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QUOTE(Petre @ Aug 10 2012, 04:05 PM)
dear guys...
i kind of overheard a conversation that sounds like this:

people buying newly launched property, no need to pay bank loan until the property is completed. so these people can make money by selling off their unit.

what i heard is that bank wont approve loan for sub sale, or something like that

anyone has any advice or anything to share?

thanks very much
*
yes cause developer absorb interest ....
bank won't approve loan cause the person not qualify for ...

QUOTE(Penangite @ Aug 12 2012, 02:21 AM)
I would like to know how this method works as well..buy property with no investment needed..
Please share your knowledge if anyone here knows this fundamental...

Much thanks
*
Yes provided u have strong relation with bank or very deep record with bank
SonnyCooL
post Aug 14 2012, 02:15 PM

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QUOTE(Petre @ Aug 14 2012, 11:34 AM)
means there will usually be a lock in period? normally how long is it?

or could you elaborate a bit deeper on this "bank won't approve loan cause the person not qualify for ..."

thanks
*
lock period is all abt the deal u sign with bank smile.gif
bank approve loan base on purchase income proof ...
SonnyCooL
post Aug 27 2012, 09:19 PM

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QUOTE(moment900 @ Aug 24 2012, 06:22 AM)
Yea true the prices of property is increasing like mad, 5 yrs ago I bought a landed property in Georgetown for rm0.6m, today it seems to have gone up to rm1m.
*
that is abit low n slow ....
base on recent transacted record, 2008 - 2012 is more then 100% grow in penang island ....

 

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