One of my close friend saying that his relative is asking him to buy into the landed property at Pantai Jerejak.
There is very little information provided by him and I do not do much research there. This is because the price quantum is too high for me.
As such for the advice and strategy, below is my assumption:
Assumption:
Market Price is $1.1m (Bank valuation)
Rental $1700
Buying Strategy:
Target buying price=$900K which is 20% below market price
With 90% loan,bank will loan you $990K
Ur mortgage is $5.2K with 30 years @ 4.85% interest rate.
Exit strategy 1: Sell at $1.1, you may calculate your own profit
Exit strategy 2: Own stay and Sell only at the higher profit say 5 years later.
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