Hi All,
I am starting this because I have a questionsk that buffering me. I tried to search for an answer from FundMyHome website, but it seems the website is like all other commercial website, where no full details provided (only show you the good thing).
Assumption: House price 300k.
Buyers need to come out with 60k (the fund is put aside for interest), Investor come out with 80%, Developer only collect 80% of the selling price, remaining will be collect in 5 years time.
Now, the scenario is after 5 years, let assume the house price is flat (remaining 300k), so the question now is:
1) The purchase price is 300k, so logically buyer needs to get a loan of 300k right? I am questioning this because the 60k is for interest, so the investors will take it and 80% of their investment. Lets not forget the developer also need to take back their 20%.
So this means that buyers still facing hard time to buy the house right, because the monthly installment buyer need to pay is RM 1250 , plus buyer need to pay for maintenance fees and others, so easily an extra of 300 - 400 per month.
2) After 5 years, when buyers can afford to buy the house, need to pay lawyers fees and MoT again?
I am not smart enough to understand, hopefully someone can help....
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20 comment(s).Last comment by davidkkw79 2018-12-08 03:10
assuming house price is flat is easiest.....the owner is given first option to convert to traditional mortgage with 80% loan ( 20% already paid by him 5 years ago).....that means take over from the investors.
if house price is flat....developer only gets 80% of the price, investors gets 20% as income for 5 years holdings.
Sure moh? Developer got so good meh,,,,20 % leh,,,don't want? 1 unit 60k, if 300 units,,,the 1.8 million joh..Developer sure find a way to earn back if like that, so the housing price will increase lah
If so, then this will be caused property price increase, and developers will make more money. Businesses will make sure they earn what they want 1st, then if later price increase 20%, then they earn more.
Without this program, the market price is300, so in order to block profit, then the selling price is 360 loh. If later the price increase 20% sharp, then buyers become sohai already
Developers sure increase the selling price lah. Average profit is 50% for a whole project, provided developers sold all units and no delay. So if the 20% is not certain, do you think developers will do nothing?
Besides, for those who can afford, sure losing side. What I see is: Developers sure winner, Investors (bank) second winner...
I really don't understand what you call fair here?
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Posted by 蔡发达 > 2018-11-15 17:59 | Report Abuse
Hi All, I am starting this because I have a questionsk that buffering me. I tried to search for an answer from FundMyHome website, but it seems the website is like all other commercial website, where no full details provided (only show you the good thing). Assumption: House price 300k. Buyers need to come out with 60k (the fund is put aside for interest), Investor come out with 80%, Developer only collect 80% of the selling price, remaining will be collect in 5 years time. Now, the scenario is after 5 years, let assume the house price is flat (remaining 300k), so the question now is: 1) The purchase price is 300k, so logically buyer needs to get a loan of 300k right? I am questioning this because the 60k is for interest, so the investors will take it and 80% of their investment. Lets not forget the developer also need to take back their 20%. So this means that buyers still facing hard time to buy the house right, because the monthly installment buyer need to pay is RM 1250 , plus buyer need to pay for maintenance fees and others, so easily an extra of 300 - 400 per month. 2) After 5 years, when buyers can afford to buy the house, need to pay lawyers fees and MoT again? I am not smart enough to understand, hopefully someone can help....