2016 Buy Subsale or Project?
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2016 Buy Subsale or Project?
For me it all depending on area and budget and whether it is commercial / residential property that you are going after
My priority for 2016 would be as follow:
1. Auction (commercial and residential)
2. Sub-sale (residential)
3. Project (commercial)
Hi @imronaldsoo, how to look out for best deal for auction, well for me, probably new project
@virspirit Hi Nicholas, well to be frank there isn't much tip on how to scout out for the best deal for auction, as everybody definition of best deal would be totally different. One must always do their homework on their own with regards to the property they are interested in auction. You must do your land search, and also to check what is covered and not covered (any additional expenses involved, past quite rent, assessment etc just to name a few)
And the million dollar question, your cash flow ($$$$$)
Buy from sub-sale, u have 3 options - sell, rent, stay. If u buy from new development, what choice do u have?
@ppnnkk2011, buy from new development, upon completion, you still can sell, rent or stay...
The problem is new high rise development have to wait for 3-4 years ...
Survey and compare, whichever cheaper. Developer will have to compete with their own property that was built and sold before, and is now on the sub-sale market. I think most people now are looking for cheaper properties, or waiting for a speculator to go bankrupt when he loses his job..
@pnk And upon completion RPGT no more...
hopefully subsale got no big issue & impact
Subsale if you have cash
Project if not enough cash
And buy when you are ready
Buy auction property with lower price. Buy subsales if it can provide positive cash flow after payoff loan. New project if aim for capital gain or maybe own stay.
Actually, where to hunt for properties on auction? Like is there any platform?
www.malaysianewpropertylaunch.com will have that soon for selected good choice of unit
go through website Auctionguru & other many auction web
actually a good new project and their sub sale units still under buyer's consideration
hi Zara
you may check it from lelongtips, auction mart, and ...
there are many auction property/vehicle website available
once you found a good one, you may contact the agent you preferred to assist you
Ah thanks a lot
also for auction property you need to check (if the bank would settle all outstanding including quit rent, assessment fee and etc till the date of SNP signed during auction) as i know majority of the bank does not do that anymore nowadays and thus you would have a big big amount to pay when you take over the property
still cover quit rent, assessment fee until the auction date, except interest/penalty not cover, and outstanding to developer, if not specific mentioned in POS.
if management fee is not convered it can be a bomb too... i have seen owner owing management fee for more than 30k... and like the auction property i purchased the management fee is near to 20k outstanding
Walao so many hidden costs. By the way, JMB wont waive the previously owed management fee amount? Its a must pay?
Both, as long you got money. The new development has very attractive package, subsales if you want buy for investment pls go out there alot of desperate owner want to sell their house at below market price..
I have a great project in KL City. 30% below market price and able to cover loan repayment with rental. So basically rental & appreciation is not an issue. Can call me to know more. 012-3760864
@ Ronald.... good thing to take note... when buying strata titled property which may have outstanding management fee... not like utility bills where the utility company chase after the bill registered name and not the owner.
hi ,which location refer ?
2016 Buy Subsale or Project?
project 0% entry cost,many buyer will choose project
will buy project is price around rm350K with 750-1000 sf
pfefer which location ?
KL PJ mainly :) for own stay or rent out also can.
@6011_3531_5354 That's a good deal, where is it approx located? Which part of Kl /Pj?
@freemanwoo thanks for sharing