Financial Should i buy the house?, Help me please...
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 Mar 26 2009, 06:54 PM
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Senior Member
3,318 posts Joined: Dec 2004 From: 1Malaysia   
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QUOTE(agent42 @ Mar 26 2009, 05:17 PM) I worry about no value in the future. You'll face two problems if u decide to proceed :Please advice, thanks.  1. MOF will be significantly lower as its tenure left with only 70 years. Very unlikely to get 90% MOF. 2. Selling it later will be a problem coz many banks wont finance it (this is major bank's policy AS OF TODAY) I definitely wouldnt go for this  This post has been edited by Pai: Mar 26 2009, 06:55 PM |
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Mar 26 2009, 08:42 PM
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#2
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Senior Member
3,318 posts Joined: Dec 2004 From: 1Malaysia
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QUOTE(ed0gawa @ Mar 26 2009, 07:43 PM) erm... regarding the MOF, it is more dependent on the valuation, i.e the market value. You r right and Im not wrong 90% shouldn't be a problem for 70yrs old tenure.  " The problem here is that the diff between official valuation and the said "market value" could be quite substancial due to lower LH tenure |
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