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Buying property – stamp duty and more

Besides the usual 10% downpayment and the lawyer’s fee, every new buyer must also be aware of all the other additional fees and charges. Stamp duty is how the government taxes you for your property purchase. Typically, stamp duty would be based on the following: 1% for the first RM100,000, 2% for next RM400,000 and … Read moreBuying property – stamp duty and more

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120% bank loan possible?

When I was driving home from Sitiawan to Ipoh home today, I saw a huge banner for a new development project saying that a 120% loan from the bank can be arranged. I believe banks no longer give more than 90% and it is even based on your net income. In fact for commercial, typically … Read more120% bank loan possible?

Buying property – Lawyers fee

Besides the 10% downpayment, what else do you need to prepare when you are buying a property? Actually, there’s another component which is quite a lot of money. Yes, it’s the lawyer’s fee. In fact, this can be quite a huge amount depending on the price of the property that you are buying. In fact, … Read moreBuying property – Lawyers fee

How to spot property bubble?

There are way too many articles about property bubbles. Your friends who has yet to buy a property has been talking about it for years. Your friend who buys many properties tells you that property bubble is impossible to happen in these few years. So, do you want to know how to spot a bubble? … Read moreHow to spot property bubble?

Property buying – objectivity matters

A friend told me that she could not rent out her flat. She said she bought the flat long time ago and until now still not rented out. On and off she would bring potential tenants but none of them wanted to rent. I asked her a few questions and she told me this, ‘everytime … Read moreProperty buying – objectivity matters

My property can sell?

I have been asked this question many times when I was with my previous company. If I answer YES, then the customer would say, if can sell, I no need to advertise a lot. If I answer NO, then the developer would ask me, why, why, why. Let me put this in very clear manner, … Read moreMy property can sell?

Property Buying – Too Far, Too Expensive and Too Soon

Too Far – Unless you buy in a place without roads, it is very hard to find a ‘too far’ place for property. Even property developers would never build in places whereby it’s impossible to access. Think about it. Many years ago, Mon’t Kiara was nothing more than just……. nothing. Sunway was nothing but mines, … Read moreProperty Buying – Too Far, Too Expensive and Too Soon

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