Posted by speakup > 2018-11-08 12:25 | Report Abuse

Yesssssss...... so we can all buy Damansara Heights bungalow for rm250k. Waiting for the malaysian subprime crisis. Yeah!

Posted by QQmoon > 2018-11-08 13:40 | Report Abuse

20% down payment means only 80% financing not 3 to 500% in the stupid America Subprime crisis. Somebody just don't know how to count.

Posted by feet > 2018-11-08 15:36 | Report Abuse

The scheme allow refinance through scheme? Sound like passing the time bomb from one hand to another until no one dare to take.

Posted by hollandking > 2018-11-08 15:38 | Report Abuse

property speculation.

Posted by hollandking > 2018-11-08 15:39 | Report Abuse

developers sure thumbs up one, speculators king also thumbs up

Posted by hollandking > 2018-11-08 15:39 | Report Abuse

BUT is a bad judgement

Posted by hollandking > 2018-11-08 15:40 | Report Abuse

Is quite obvious what is about, look at who gave the idea.

Posted by relaks > 2018-11-08 16:39 | Report Abuse

If epf tarak otak invest, i think ramai yg withdraw fr epf!

Posted by relaks > 2018-11-08 16:40 | Report Abuse

Too risky for retirement fund play2 with rakyat punya $$$$ oh!

Posted by qqq3 > 2018-11-08 16:43 | Report Abuse

at initial stage main investors are CIMB and Maybank......

the listed developers are class 1 developers....

Posted by relaks > 2018-11-08 16:49 | Report Abuse

Remind me not to invest in CIMB and Maybank also. As they seem more into CSR than bottomline. Look at the default rate of such scheme in other countries...

Posted by qqq3 > 2018-11-08 16:51 | Report Abuse

this thing give 5% yield and chance to participate in capital gains......looks better than mortgage business.....buy CIMB and Maybank.....

Posted by stockraider > 2018-11-09 13:47 | Report Abuse

WTF the buyer own 20% of the property equity whereas the financer own 80% equity loh....!!

If lose monies....the 1st losses cover by the buyer 1st 20% downpayment.
Above 20% losses the financer cover loh...!!

What if the property gain ???
The financer need to take 1st 20% gain based on 5% pa guaranteed....balance gain share 80% financer and 20% buyer loh...!!

The buyer is a sucker here loh...pay for legal fees, valuation fees etc...also guarantee financer 20% or 5% pa for their gain at the end only have 20% of the equity of the house loh...!!
On the downside need to guarantee the financer, pay expenses and lose and lose the 1st homeownership tax exemption rights when he decide to dispose his 20% equity loh.....!!

I thought the scheme is suppose to help n protect the poor buyer loh ??
But end up taking advantage of the poor buyer loh....!!

The PH govt very stupid loh.....!!

Posted by speakup > 2018-11-09 13:48 | Report Abuse

case 1: https://www.malaysiakini.com/news/451068

case 2: https://www.nst.com.my/business/2018/11/429345/country-heights-edges-closer-issuing-1b-horse-currency


Cronyism is alive in malaysia Baru

Posted by qqq3 > 2018-11-09 13:55 | Report Abuse

stock raider....the terms are fair to all stake holders....everybody gets what is most important from their point of view........oh..and in a bad property market, the traditional mortgage guy loses more than his deposits.....the guy owes the bankers a lot of money besides......this is because in traditional mortgages, the bankers do not share in any losses........

Posted by stockraider > 2018-11-09 13:56 |

Post removed.Why?

Posted by stockraider > 2018-11-09 13:59 | Report Abuse

very stupid for the house buyer loh....but u only own 20% of the house loh....but u guarantee 100% of the downside mah...!!

Don be a sucker loh....!!

Ask yourself what is ur objective to own a house that u ill afford leh ??

Posted by qqq3 > Nov 9, 2018 01:55 PM | Report Abuse

stock raider....the terms are fair to all stake holders....everybody gets what is most important from their point of view........oh..and in a bad property market, the traditional mortgage guy loses more than his deposits.....the guy owes the bankers a lot of money besides......this is because in traditional mortgages, the bankers do not share in any losses........

Posted by qqq3 > 2018-11-09 14:03 | Report Abuse

this product is suitable for a lot of people....every product has its own clientele......parents pay for 20%...no need to worry about installments for next 5 years.....just consider it as bridging finance until the guy earns more money in a few years....its a win win ......


and actually....why the dedication to mortgage for life? want to mortgage whole life away?

Posted by speakup > 2018-11-09 14:05 | Report Abuse

this scheme makes buyer believe they own the house, but actually they only own 20%! only 20%! minority equity! the master (landlord) is the investor (own 80%)

Posted by stockraider > 2018-11-09 14:08 | Report Abuse

correct the financier making use of the buyer to make monies loh....!!

Posted by qqq3 > 2018-11-09 14:10 | Report Abuse

by speakup > Nov 9, 2018 02:05 PM | Report Abuse

this scheme makes buyer believe they own the house, but actually they only own 20%! only 20%! minority equity! the master (landlord) is the investor (own 80%)
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the banker also owns your house until u fully pays off your mortgage........

Posted by qqq3 > 2018-11-09 14:11 | Report Abuse

ed by stockraider > Nov 9, 2018 02:08 PM | Report Abuse

correct the financier making use of the buyer to make monies loh....!!
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the financial provides bridging finance.....