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How scammer make money from property?

Real estate agents cry foul after profiles misused by impostors to scam potential renters A group of property agents is crying foul after their profiles were allegedly misused by imposters to carry out rental transactions for properties in the Klang Valley. Read more at https://shorturl.at/ZeS0I WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb....

Hello Malaysia! Happy Merdeka Day to all beloved Malaysian around the world.

Thanks to those taking time to vote and provide valuable feedback!

Property is a universal asset and it concerns everybody whether you owned it or not because every single day you need a place to stay, on top of that, it affects financial wellbeing of an individual depending on decision made.

We did not learned to speak, read, swim, eat, walk, cycling or anything at only one tried be it in career or choosing a spouse; how many really have a good luck to get it right on the first job, first boyfriend/girlfriend and so forth??? In fact, good luck doesn’t always work. The reality is most people making progress either learning from a mistake or from someone else.

In property most people buy only once in lifetime and paying it lifetime not because they got it right on first shot but the true is they cannot return the property and get refunded leaving them no choice but to continue paying the expenses and mortgages entire life, now whether they are enjoying living a life like that or not is a different stories.

Whether you intend to purchase a house for investment, own stay or financial purpose, we are ready to help you and happy to see you financially in better position.

Now let’s look at polling results:

Build-then-sell is the most favourable policy but at the moment Malaysia do not have such policy and so people rather opt for subsale and in recent years demand for subsale has increase dramatically one of the reason is people are more educated about property. Subsale is becoming a highly sought property because:

1.Subsale is the best choice to avoid risk of sick project

2.It is a ready house, homebuyer save up at least 3 year of progressive loan interest, that is a significant sum.

3.It reduce risk for investor in multiple ways and save up huge cost and expenses, increase profitability by a very big gap. However, inexperience investor may not understand it or see the different, most people only see new property vs old property which is visible to everyone.

If you a chance to express your views in Malaysia's property policy, what would that be?

A. Build - then - sell
B. Sell - then - build

Let's vote at 101propertyschool.com

Remember to check poll results on Merdeka Day 31 August 2024

https://www.thestar.com.my/business/business-news/2024/07/26/change-in-the-ecosystem-needed?fbclid=IwY2xjawEVqYlleHRuA2FlbQIxMQABHYaX8qgF6Ii1KfENmTqAaL7Neispkh2Wz3R2nRXb2zSU8cz44o5_WGwY6g_aem_CFs342U3WEZWR2ZkNvsnNg

Referring to The Star article dated 26 July 2024 above, I did a post about this topic earlier so now let's do a mass polling @ 101propertyschool.com under tab name "Polling".

Let's see how many in our society including home buyer and owner knows and cares about their house.

It's not easy for homebuyer and owner to lobby individually at the parliament or government level, however we can express our views through social media and polling. Take your duty at 101propertyschool.com now and results will be announce on 31 August 2024.

Change in the ecosystem needed? Any move away from the present sell-then-build (STB) model to a build-then-sell (BTS) system for the housing market will have both upsides and downsides.

China government on property stimulus. Property constitute 24% of China GDP no small task.

Check out more at 101propertyschool.com

https://www.msn.com/en-my/news/world/analysis-china-tries-to-hit-more-birds-with-one-stone-in-property-rescue-push/ar-BB1q31Ij?ocid=msedgdhp&pc=U531&cvid=2d17ac1686444f83b71aa48bf8b5a0a0&ei=23

Price increase in a cup of coffee is called "iNFLATION"

Price increase in property is called "appreciaTION"

.com

101 Property School is specifically designed in providing property education and solutions to home buyers, investor and owners. It compressed A to Z everything you need to know about property from before buying a house to owning a house and to disposing (selling/inheritance) a house at various stages in chronological order to help audience foresee further into the future and take various aspects into consideration and planning before making a decision that align with their goals.

https://www.msn.com/en-my/money/topstories/from-rising-o-g-star-to-two-sen-stock-serba-dinamik-s-short-seven-year-bursa-journey/ar-BB1oqwQ4?ocid=msedgdhp&pc=U531&cvid=21da216da20b4bccbaa91b03d781dba1&ei=10

Serba Dinamik a listed oil & gas company in Bursa (Malaysia Stock Market) and was delisted in June 5, 2024. From RM2.50 it dropped to RM0.50-RM0.40 many see it as a bargain because historic price never got this low. Some jump right in and hoping it could recover back to RM2.5 and make tons of money.

However, it went down further to RM0.02 before was delisted. Bottom line is not every stock is at discount when prices dropped from previous high to new low.

From rising O&G star to two-sen stock: Serba Dinamik’s short seven-year Bursa journey This article first appeared in The Edge Malaysia Weekly on June 10, 2024 - June 16, 2024 THE past three years have not been easy for Serba Dinamik Holdings Bhd (KL:SERBADK) after audit discrepancies were revealed, culminating in the delisting of its shares last Wednesday following Bursa Malaysia’s...

https://www.msn.com/en-my/news/national/property-prices-a-major-concern-for-homebuyers/ar-BB1ofVlF?ocid=msedgntp&pc=LCTS&cvid=a2aee137bb12472b86d71903873cea94&ei=9

What's your comment about relationship between property prices vs diesel subsidy and diesel prices?

Property prices a major concern for homebuyers PETALING JAYA: Data analyst Shamir Zulfikri has always wanted to own a house in the Klang Valley. Read full story

Strata property is govern by Strata Management Act 2015 (ACT 757) and Why strata property is prone to CORRUPTION?

If it happens only in one or two particular management of strata property then it might be more convincing to tell people that it was this particular management team is corrupt. However, if many strata management are doing the same or behave alike then it could be something else to look at.

Who is responsible to tackle this rampaged corruption happenings at the strata management? This kind of issues is worth to be ponder upon

Condo residents file MACC report over alleged corruption by management body They claim that the joint management body awarded a maintenance contract worth RM3.3 million without a proper tender process.

TITLE, MOT and Refinancing - Memorandum of Transfer (MOT) is also known as “Perfection” is one of most expensive lump sum expenses in properties. Let’s say someone purchased a new property and all new properties is constructed on one big parcel of land called Master Title. This land is bought by developer from private transaction or buy from the government. Thereafter, developer starts selling the project, I don’t call it selling a house because the house hasn’t been build yet.

Every purchaser of the project will have a copy of SPA - Sales and Purchase Agreement as evident of purchased and with that purchaser will apply a bank loan to pay for the unit purchased. All units available for sale is building on the same piece of land with only one title (Master Title) held under the name of the developer.

Once a construction is completed and developer would have a list of units sold. Next stage is to divide the master title into pieces of smaller title for each units built of the project. The first owners of each smaller unit is on the developer names because the developer still owned the land. Until this moment based on SPA, purchaser bought the house but the land which the house is built on is under the name of developer. The MOT is to effect transfer of unit land title from developer to purchaser. This transaction incur hefty stamped duty which is charge based on purchased price, the higher the price more stamped duty is impose and on top of that legal fees is inevitable too.

Most purchaser never thought this will comes because most people would think after paying purchased price it is all done! They spend a lot of money into renovation and furniture and barely have saving because in the past they could saves but now those cash flow is channeled to mortgage repayment. This often resulted in no more money for the perfection of title. One of the option people do is refinance the house at higher value and take cash out of loan to pay for the MOT.