Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

for new dev, the bank is their panel hence knew.. u only pay 3k & borrow the rest on loan with larger sum... hence i say is sales gimmick coz u are indeed paying more in overall. the dev mark the price higher giving 10% above market value is no big deal. ppl do buy thinking with 10% discount is good enough to save for renovation works.

if u refer to secondary market different story.

Right investor can make great use of this system to control his cash flow. At the end of the day, if you can land a property at zero downpayment and pay little to nothing on booking fees and bank charges until built and delivered, then you can quickly clean it up, rent it out to have the renter cover the mortgage payments, and in a couple of years with the natural growth of the area sell at a higher reasonable price, bagging all the difference without having invested anything substantial in the first place.

Theoretically one can do this with each bank and sit on multiple properties that are appreciating over time. So it's not that useless if used correctly, even if the price is marked up above actual market price, because the market will move up by 20% or so over the next few years, not to mention that in correct situations the rent should produce a net influx over the mortgage payments over 30 or 40 years.

This is of course not available for foreign investors.

Samer

I don't understand why can't foreigners do this?

And I wouldn't be so sure that property prices would go up 20% over the next few years. Have you been reading the posts by a Kim Massey? Any reason you are particularly confident?

Kim is exceptionally negative on the market.

Banks don't provide 90% financing except for Malaysians and holders of PR. Foreigners get 70% financing or less (80% if they are living and working here and their papers were exceptional). So the whole zero down-payment which is a 10% discount on a higher price doesn't work with them.



I did not say that property prices would go up over THE NEXT few years, I said buying property with such a mechanism is a good way of leveraging cash, and explained that over a period of a few years property prices generally go up and would return a healthy profit. I don't believe that ANY property will go up by 20%, nor that all properties will go up over the next few years, however properties are really basic and are considered the prodigal son of investments. Making the right choice of location/developer/project/unit in a regular market like Malaysia will mean that over time and riding out the small seasonal price waves, the property appreciates in value.



Yes I have read them. She has insight regarding the over-inflation of KLCC properties, but as a general sentiment I am not with that degree of gloom for the area, and IMO it doesn't apply to property outside the golden triangle. Fundamental indicators are positive: Influx of foreign investments, expectations of further strengthening of the Malaysian Ringgit, growth in the expat numbers, MM2H program takers are increasing, etc. All those indicate a healthy growth in the RIGHT properties. Desa Park City and other similar projects are rising in value and seeing no shortage of buyers or renters, Sri Hartamas and MK are showing many interesting offerings after the overinfatuation subsided, TTDI is practically full, and KL Sentral is one of my favourite at the moment; a 1450 sq. ft. unit there was just tenanted on a two year contract at RM 5000 in Suasana Sentral (not loft) and on the same furniture of three years ago. That is 7% rental yield net of service charges. Thankfully things are going well so far and negotiators working with me are as busy as ever.

Is there abundance of units? Absolutely.
Is there abundance of GOOD units? Not at all. And good properties will always fetch a premium and annual appreciation.

Hi guys,

I'm new here Anyone have an idea which developer offer 0% or low down payment? If you don't mind to share the company name and contact number. Really appreciate your help guys.

Thanks