Thanks J L for watching. I really appreciate it.

Glad you like them!! All the best for your investment journey yea=)

Thanks for watching Jia Hao! I would appreciate if you could share the channel around so I can help more people=)

Thank you so much Izz! Kind words like these really do ease the process =)

You're most welcomed!! Thanks for watching June:)

Thanks happy!! Finally the first property i buy for own stay haha:)

Thanks for watching Ah Kit!! I really appreciate it:)

Haha. Thanks for letting me know Beven and I'm proud to be part of that important process. I would appreciate if you can share the channel around with your friends so I can help more young buyers:)

@@iherng sure bro, I've been sharing by word of mouth to my friends. Hope to see ur channel grow. btw I had actually DM ur ig to ask ur advice in making my first property buy decision haha. Not sure whether boss boleh tolong take a look 😂

Aiyo. I hope by then I will have an office. That would be so cool!!

That's great man!! Thanks for watching!!

Thank you so much Chris. I really appreciate it!!

Yea. Finally after so long hahaha=)

See you soon neighbour=)

My pleasure! Thanks for watching!!

Stay positive and wait for the results then. Even if it's rejected right, just try to ask for advice on how to fix your current financial report card. Maybe you can figure out how to pay epf?

Thanks Anonoz=)

Oh really? So sorry, must be going through the rehearsal pre-LIVE hahaha. Thanks William=)

Hahahaha. In the mean time, we will still check out other properties while waiting yea=)

Thanks for watching Cheat Khoon and you're absolutely right about the loan

Wow!! That's awesome!! Congratulations:)

I'm so glad to hear that!! Congrats on your first home=)

It's not exactly my dream home yet but it's what I can afford so far lah hahaha. Thanks for watching bengbuan=)

You're most welcomed Ivan. Thanks for watching!!

Wow. That means a lot Hidayah... the ads so long meh? I thought 5 secs only? Hahaha=)

@@iherng yeah they do 😂 nowadays its usually long + short ads.

Glad to hear that David! I really appreciate it!!

nope, the rental u paid on the 1st year is technically burn, but u can treat it as a flexible cost in the event that property doesn't meet your expectation. if that happens, u have the choice to walk away on the 2nd year by selling it or rent out for the next 4 years and return the property to Houzkey. Hence, if u plan for own stay, is best to convert into mortgage loan on 2nd year. Also, on the 2nd year when u convert your loan, the bank would take into account of the construction progressive interest into your loan. IMO, the best part of this houzkey is mostly to free your cash flow and do your outside investment

Yea.. but that's like 3 years time haha

Appreciate it!!

Appreciate it Drew!! Thank for watching:)

Hi Kai Sheng. I don't think there will be any banks that will allow fixed interest rate, unless it's their 'rate' hahaha. But it's a great thought that I wish too=) Anyway, thanks for watching!!

Thanks for watching May=)

Not yet because technically it's still a tenancy agreement currently. Most likely at year 2 after VP, they will ask for it if I choose to convert into a mortgage loan lah=)

Boleh boleh. Tentulah!! Haha. Episode ini baru sampai separuh je...

Yupe. Currently that's one of the only way to measure the usage individually by different tenants. Another way would be to charge a flat rate but I would discourage that. Great question Faris!!

Yes, you'll need to bear the difference. In that case, continuing the lease makes more sense at that time:) Thanks for watching Ms Tygger!

Thanks for watching Ahmad. But need to wait for 3 years=)

Investment perspective, buy property to rent out and rent property to stay. Renting out your property generates income for you, and renting property where it's large in area and cheap in monthly rental. Well it depends on what stage you're in. If you're single and full hustle mode, the above would be the best. But when you're trying to setup a family, your consideration will be different. Also when your investment portfolio grows, your appetite for risk changes. However, in my case I've resorted to my entire family's request to own a home but it's not for everyone. Thanks for watching Calvin=)

The lock down meant you will need to pay the 5 years if you're not converting into loan or you can't sell... But great spirit of clarification!!

Really?? hahaha. See you then=)

Hahaha. Aiyo, it's at least another 3 years from now... Lots of things may happen Ali. But thanks for watching as always yea!!

Because I think projects will be pre-qualified before they would want to commit their services also. But sub-sale also can use HouzKey. Thanks for watching Aaron.

@@iherng I guess so. Again, maybe back to what u mentioned, good project + good developer no need any goodies and it will sell by itself 👍🏻

I think this is the real estate version of ‘risk management’ - Houzkey probably has statistics on % of buyers who will not make it thru the length of the contract; so they have to be prepared to take over a property. Thus they only want to deal with some developments and not all.

Hi Julian. That rate is pretty much standard across new properties. Even if they promise you a lower rate during sales, by the time the JMB takes over, the rates will be adjusted.

Aiya, it's really up to the owner of the lease whether to conduct such act or not. And I personally don't think that the bank will go around check unit by unit lah. Thanks for the suggestion though Hasics=)

You try la search double key, just like GoucoLand development (Green Hill), the biggest floor area, are given double key and have a partition in the house. So, if you have a small family and kinda want to release some burden, the double key featured in new development should be help. 😁✌🏻, Correct me iHerng if im wrong. Thank you sifu

Appreciate the encouragement Alhady!!

Better late than never right?? Hahaha. Hopefully everything is ok. Thanks for watching!!

Technically it's my 2nd housing loan. Magical right? I shall introduce you to my mortgage banker=)

Houzkey apparently allow until 3rd one if not mistaken

@@iherng hi Sean, could u intro your banker to me? Thanks in advanced.

Nope. The monthly rental does not go to reducing the property price. For eg, if your property price is RM 600k, the first 2 years will be 3% per annum. That means RM 18k a year, RM 1500 a month. For the 3-5th year, it will be 5% per annum. Zero % of that rental goes to the property price. I think you're mistaken with other schemes such as the Rent-to-Own scheme in collab with other developers such as Ecoworld, SP Setia and etc. But for HouzKey, I'm quite certain. Hope this clarifies=)

=)

Thanks Susan. I really appreciate it!!

Thanks you so much!! Thanks for watching too!!

Haha. That would be easily another 2 years Jetyau hahahaha. But thanks for watching yea!!

It's a business after all hahaha! You're absolutely right=)

The scheme generally is designed to help young property buyers for their home, hence I don't think any renting would be preferred. However, I don't think that they will be keeping track and checking every deal lah. It's just too difficult to trace.

@@iherng well, I'm thinking more about staying in the house but renting out the rest of the empty rooms to help with the rental

the interest from FD might count

Definitely yes, I have been asked by the bank Credit Manager to show proofs of any kind of stocks, investments and FD.

No, the lender will lend u less amount since u have cash to pay vendor.

Well, what kinda public transformation does your friends refer to? Also, always take consideration on who you're listening to. It's gonna be your investment, not theirs yea. And bare in mind, I'm buying for my own stay. So the considerations will be different.

Well not so soon haha. Another 2 years I think?

Thanks for watching !!

You're 100% right. But it's the fact that you couldn't qualify for a conventional loan now only you go for Houzkey mah:)

Yes you can just walk away after 5 years. And with that rate right, it's actually cheaper than the actual market rental rate at the surrounding. So it's really an innovative product. Thanks for watching A W=)

@@iherng what's the current market rental rate? notice after 5 year, should you decide to convert it to a loan, does it deduct the 21% off 700K or 650K? if it's 700K, then you lost that 8% discount, which is about 1K per month add to the monthly rent for 5 years. But yes, that is the cost for the flexibility, which is not a bad thing. And in your case, it makes total sense. : )

Hey!! Congrats!! Thanks for sharing Ainor=)

It was announced in the following episodes hahaha=)

@@iherng ya! Was inpatient.. lolx tq

Thanks for watching 😁

Yupe:) but before the campaign the developer was absorbing that cost already.

Hahaha. See you soon=)

Hope you can find one soon!! Thanks for watching:)