I AM BUYING A HOUSE | FINALE

[@gabriel_9368]

Thanks man! Im looking for my first home 🏡 Not rushing so will take my time visiting as much unit as i can.

[@iherng]

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

[@kennehhhh.k.y.1990]

Looking forward to be your neighbor! Recently bump into your channel and every video is so insightful! Definitely will keep makeover guys in mind when the time comes for renovation!

[@visortoy]

Congratulations Sean !!! I've been following your videos for the last 6 months, and they are truly very informative, especially for a foreigner like me. My family is also actively looking to buy a house. Thank you.

[@iherng]

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

[@Athena3838]

Congratulations on the purchase of your new home, Sean!

[@iherng]

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

[@lewis_jiahao]

Congratulations on your first home Sean! Love your contents and transparency on sharing your honest thoughts, keep up the good work!

[@iherng]

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

[@izzmalaysia8007]

Congratulations sean! Really appreciate this documentation of your home buying process! Glad that now u found a home and can settle it after all this time. You do you, we support u all the way...

[@iherng]

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

[@catherinetai1199]

Thanks for sharing in so details. love it. Will you make one episode on how you make decisions on MRTA, MLTA, CLTA...?

[@finebonez]

Congrats! Been following yr channel and learning as well. Thanks for all the useful, important info. All the best!

[@iherng]

Thanks J L for watching. I really appreciate it.

[@jjaunty6898]

Congrats Sean, and thank you so much for sharing, appreciate your kindness and generosity 🙏🏻

[@iherng]

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

[@bevenaflame]

thank you sean. your sharing has really helped me in planning and making my decision in purchasing my first home too. keep up the great content in this channel!

[@iherng]

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:)

[@bevenaflame]

@@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 😂

[@Dsarame]

Congratulations Sean, the feeling of buying your own stay house must be amazing!!

[@iherng]

Yea. Finally after so long hahaha=)

[@AnonozChong]

Can tell your video production has gotten better over time :+1:

[@iherng]

Thanks Anonoz=)

[@genofankitchang4603]

Hi Sean, I too got a unit at Tropika. Shall look forward to seeing you around.

[@iherng]

See you soon neighbour=)

[@norhidayahmohdkadir6890]

Sean would probably the only youtuber I wouldn't skip the 2+ minutes ads 😂 And congratsss, I have learned a lot from watching your videos 😆

[@iherng]

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

[@norhidayahmohdkadir6890]

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

[@mattryanleeml]

Thank you for sharing on houzkeys Sean! I just placed a booking for habitus near Elmina and they have houzkeys too. Already passed all the necessary documents but I’m not too sure if It’ll be approved cuz I don’t have epf and other documents due to my nature of work.

[@iherng]

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?

[@kitjinfei]

Congratz Sean! Thanks a lot for the sharing

[@iherng]

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

[@dinong5909]

helped me in deciding choosing Houzkey to finance my 1st home =)

[@iherng]

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

[@chrisweiyei5021]

Congratulations on your purchase sean! Happy for you! :)

[@iherng]

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

[@farisrashid6082]

Hello Sean, a bit of topic but need your insight. How do i deal with electric bills if I had a Dualkey Unit and two different tenants. I heard about submeter but can you clarify.

[@iherng]

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!!

[@limkensiong]

Congratulations to u. You're doing great in educating people in property.

[@snayar3231]

Thanks bro. Much appreciate your journey and Congrats!

[@iherng]

My pleasure! Thanks for watching!!

[@kenkintel]

Congratulations Sean! Definitely will be here to watch your housewarming show! Hiring office boy? Hehehe... I see light for job opportunity 😁

[@iherng]

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

[@rubyruby7370]

Congratulations I will wait for the 3years plus to see your unit haha

[@iherng]

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

[@kwy4023]

Hello Sean, is now the best time to buy a property? please provide some advice thanks.

[@toka9939]

Anticipating the house tour🥳

[@kuamingkeong5125]

Any update? Key Collected? Staying Already?

[@iherng]

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

[@lauuvicky]

Congrats. Good investment. A buyer market now.

[@chuahbengbuan]

Congrats on buying of dream home!

[@iherng]

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

[@davidchin7721]

Thanks for sharing, learnt something new today

[@iherng]

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

[@chriswong3857]

Hi Sean. This video is more than a year old and I hope you still read comments on this video. Am thinking of buying final block D of Tropika, but fear is the bad reviews on this developers bad quality. There were a few bad reviews for Link 2 and even KM1 West and East. Since you still chose Tropika can I ask your opinion on this? Anyone else got comments on potential quality of Tropika? Thanks.

[@lawaaron2011]

Wow... Finally. Can open house.

[@iherng]

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

[@freaky100100]

Congrats Sean! I'm signing my SPA this weekend as well. Can relate to that anticipation for own home, moving on to research on ID after this =)

[@iherng]

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

[@KH_Minimalism極簡人生]

To buy or to sell property also a good time now with zero RGPT (limited to 3 property ), zero MOT (limited to 300k to 2.5M property), very low bank loan interest and many available units to select from sub-sale market or various developers. Above applied provided : Buy * Not the wrong property * Not at the wrong price * Not for the wrong season Sell * If for the right price * If for the right reason * If sold the correct unwanted/under utilized property

[@wwong82]

Really grateful for your sharing Sean! I chat with an agent who does Houzkey. After the compulsory first 12-months (Year-1) rental, any time between month-13 till month-60 can decide to buy the property. So need not rent until Year-5 before only can purchase. Correct me if I got the wrong info! :)

[@iherng]

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!!

[@muhammadhazmianas9813]

Tahniah Sean!

[@kstee19]

Hi Sean, congratulations on your property purchase! Was wondering if you would be able to disclose if there is any pre-agreed interest rate or the loan pricing mechanism when we convert from Houzkey to conventional loan upon 1 year of 'rental' or at the end of 5 years? Appreciate it, thanks!

[@iherng]

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!!

[@kaursurinder7275khalsa]

Congratulations iherng. Happy for u.

[@wongcalvin73]

Sean, Would you think buying or renting a house is viable in Kuala Lumpur, which is better? Renting to get some extra cash in hand to do other stuff, or buying a house ?

[@iherng]

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=)

[@mstygger3035]

Question: for houzkey, if after first year, you cannot sell at your loan amount, you have to TOP up right?

[@iherng]

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!

[@MrWilliam135]

Hey man ! Actually saw you at elmina last weekend. Would have said hi but you were occupied. Anyhow. Wish u all the best. And congrats !

[@iherng]

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

[@julianong88]

Do you consider the maintenance fees as well? Seems like it is bit high for Tropika.

[@iherng]

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.

[@juliane1831]

Hi, I thought you have more than 1 housing loan? From Maybank’s Houzkey, don’t they only allow Houzkey for 1st home financing ? So how did you qualify for Houzkey?

[@iherng]

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

[@mattryanleeml]

Houzkey apparently allow until 3rd one if not mistaken

[@sun8goh]

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

[@ivantsh73]

thank you sir, very informative!

[@iherng]

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

[@lowaml9181]

Congrats!! Question if for first time buyers they would be able to claim EPF account 2 for downpayment right? And question 2 aside from 10% downpayment how much more percent of budget they need to buffer for other fees? (Exclude renovation) additional 5% in any case? For stamping fee and etc? (Sorry still learning 101 lesson of considering to buy a property)

[@KeepingItRealBro]

That's it, now packing and moving to Bukit Jalil to be close to the celebrities.

[@iherng]

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

[@duncanlim4554]

Thanks for ur insightful sharing on Houzkey! Really appreciated ur sharing. By taking this program, am I still eligible to withdraw EPF fund of housing loan or renovation?

[@may8989]

congrats.~~~~i would choose bukit jalil too !

[@iherng]

Thanks for watching May=)

[@gohlihan]

Can’t wait for your next video!

[@chingyee969]

Congrats!! How do you think about the quality and workmanship of the tropika? I'm looking property at bukit jalil too. But I saw some bad comment about the link 2 project which also developed by berjaya land.

[@weldon29]

Hi Sean, I have a question about the Housekeys scheme. You said it is not allowed to rent out the unit and do airbnb, but is it legal to rent out individual rooms?

[@iherng]

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.

[@weldon29]

@@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

[@FamousAnon]

Hi, can you please share the announcement of 3rd property loan can get 90%? Thanks.

[@KimBerly-rq9sm]

I wish there is such video to learn from 5-5 years ago......

[@iherng]

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

[@ris019]

thanks for sharing. gain a lot info.

[@MrWeeaaron]

Houzkey really help very much on the “deposit” part. But it’s a shame they are not offered to every developer/project... Only selected few 😔

[@iherng]

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.

[@MrWeeaaron]

@@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 👍🏻

[@WestCoastAce27]

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.

[@ahmadstar3854]

Next : House tour coming soon😁!!!

[@iherng]

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

[@ivantan26]

Hi Sean, congrats on ur house purchase. May I know does ur property entitled for HOC 2020?

[@cheatkhoonheng906]

Congrats. Really appreciate the effort you put in. But I also think conventional loan is way better XD

[@iherng]

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

[@thebugbud]

While there's different financing plan works and serve different needs, banks are definitely here to make money. The more needy you are, the more money the banks make. it's a fact.

[@iherng]

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

[@propertystories]

Congratulations on your new home Sean!

[@leemingng]

Hey Sean. Really nice videos you have here. Thanks for making them. Did you talk about what happened to the rental you paid at the end of the term? Say when you convert to loan, does the total rental you paid get deducted from the loan amount or is it burnt?

[@cDisC-lz4fv]

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

[@jetyau1]

We will wait for you to get your keys! :)

[@iherng]

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

[@MS-cd4vt]

Hi iherng, just to confirm for Houzkey, the monthly rental we pay will go into reducing the property price right? Do you know the calculation method? Let say we are paying RM1500 monthly rental and planning to convert to mortgage after 2 years. After 2 years, we have paid a total of RM36000 for the rental. How many % of the rental will go into reducing the property price?

[@iherng]

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=)

[@hfz428]

thank you so much for the explanation. this is very informative because yourself is the borrower. i've been contacted by property agent but their explanation is not as informative as your video. anyway, congratulations for your new property !! keep it up~~

[@jcwee1031]

Congrats Sean!

[@JeffErin]

Sean, when you sign the Houzkey do they force you to take MRTA/MLTA? Btw: Signature Kitchen always sponsor KZbinr. you can try ask them hahahah

[@iherng]

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=)

[@cherrywang1618]

Congratulations to have a new home

[@iherng]

=)

[@chinlengtan4740]

Hi sean, congrats on your house purchase. would you happen to remember the type C price that time as u mentioned it was beyond your affordability, also is about 100k difference frm your type b?

[@mosquitoooooooooo]

Hmmm...will it make a different to get the loan to approve if you can show the bank you have 100k FD?

[@zero2zero4]

the interest from FD might count

[@arthurchia2828]

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

[@xoxowifluvelle]

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

[@lykong8]

Congrats, Sean!

[@shairil9048]

Congratsss iherng🤗

[@iherng]

Appreciate it!!

[@damyeuful]

What is HouseKeys? Is that how it’s spelled?

[@medunno]

houzkey

[@iherng]

Thanks for helping medunno=)

[@Danmao6]

Do you eligible for the hoc free MOT?

[@iherng]

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

[@gayathrisurjitsingh9333]

Thank you...

[@alhady89]

Awesome vid bro 👌👌👌

[@iherng]

Appreciate the encouragement Alhady!!

[@cindyleong8712]

Hi Sean, yeahhh!!! you are my neighbour now

[@iherng]

Really?? hahaha. See you then=)

[@terminator2816]

Congrats!

[@ivantsh73]

Hi Sean,is house keys available for.foreigners?

[@iherng]

I don't think so unfortunately, but please check in their official website for more info yea=)

[@hasics94]

Congrats! Question, how about you stay at 1 room and rent the rest? Basically you stay AT the house.😂😂

[@iherng]

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=)

[@AbyzzMLBB]

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

[@drewstert7617]

First! 😬😆 anyway congratulations with your new house!

[@iherng]

Appreciate it Drew!! Thank for watching:)

[@damianlee7171]

Congrats Shawn! My wife asked which type you choose finally?

[@iherng]

It was announced in the following episodes hahaha=)

[@damianlee7171]

@@iherng ya! Was inpatient.. lolx tq

[@iherng]

Thanks for watching 😁

[@walterhii]

Ooohhh really hate the agents that abuses the benefits of Houzkey this way to lure investors! I think you can explore and make a video about how to recognize dirty tactics by insincere agents.

[@junhoe8172]

Hi Sean can you make a video on fire insurance?

[@iherng]

Let me get myself updated first yea. Great suggestion!!

[@alteran2498]

congratulations!!!

[@same.6409]

3%+3%+5%+5%+5% = 21% of 700K for the right to live for 5 years off a 650K condo (with 8% discount). The yield is like 4.6%, which is about the mortgage rate today. Not a bad plan for the developer. Can you just walk away after 5 years? or you still have to find a buyer and take the gain/lost risk? Congrats btw 😄

[@iherng]

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=)

[@same.6409]

@@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. : )

[@angsiaokim13]

Congratulations 🎇🎇🎇

[@iherng]

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

[@zLuizLim]

Hi Sean, found your channel when I was researching about Tropika, really great and amazing content! I really like this Tropika project but I want to buy it as investment (still not decided Type A/B/C). My friends were saying its not so good because the public transportation there is bad, etc. What do you think?

[@iherng]

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.

[@Danmao6]

With that, people like age 28, the house VP 4years later and by that time he/she is 31. Rent 1 year age 32 rent 5years age 36. If 5years convert conventional loan loss out 35years loan tenure right?

[@iherng]

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:)

[@danielsoon0302]

Congratulations! Ironically.. I'm looking at Bukit Jalil/Sri Petaling/Kuchai Lama/Lucky Garden kan.. I got a job in Bukit Jalil.. 😂 What you think about M Oscar? The one facing MEX highway geh

[@jianhuachew1273]

Not forgetting the benefit of not paying progressive interest during the construction period.

[@iherng]

Great follow up Jian Hua!!

[@cDisC-lz4fv]

if im not mistaken, u will still need to pay if u decide to convert the loan / refinance. they will incorporate back into the new loan

[@justme219]

congrats 💪😀

[@seonghuichai323]

I guess u r taking Block A unit?

[@cDisC-lz4fv]

bro, didnt realise u have this video for so long. me myself Is also under Houzkey program. Just want to check if u have receive an email lately from your property's lawyer side saying that the income tax do not waive the stamp duty under the HOC campaign because is not part of the agreed cost. apparently the lawyer side said because this Houzkey program is still fairly new hence the LHDN people didn't understand at that point in time hence they need charge me back now. Can they actually do that?

[@AbyzzMLBB]

Just a suggestion. Like me, im a newbie in estate agency career. Can you suggest me about the Sopan Santun in approaching people. 😁✌🏻

[@alicearaujo2320]

the video image is too poor, you need to fix it more

[@iherng]

=)

[@facemakerable]

congrats !!

[@iherng]

Thanks Susan. I really appreciate it!!

[@vineshrajoo2805]

Congratulations. Thanks for exposing the scam

[@cfFinance]

Congratz, thinking of open a chinese version KZbin Channel reviewing porperties😀🤔

[@TonyBeanify]

Hi bro, since you still can stay with your parents. Why don't you buy investment properties first?

[@iherng]

Hi Tony, you must be new to the channel. This is my first property that I'm buying for own-stay. The rest is all for investment. Good point!! Thanks for watching yea:)

[@seonghuichai323]

Hey sean, I read some bad feedbacks abt B****ya workmanship fr their recent completed prjct in Bukit Jalil as well. Are you worry since you are buying for own stay?

[@iherng]

Erm, my take is this... Based on my experience of being part of a development and construction team before, it's pretty much impossible to have workmanship issue as these brands are mass producing houses. After visiting so many in the market, generally the issues are pretty similar. Also, the feedbacks now are based on the affordable range project that was recently handed over and I really understand the conflict between both customer and developer. Well, as mentioned in the channel many times about the risk of purchasing a new project as there are no guarantees on the quality of the house and design for common areas. What's important is informed decision and calculated risk. It's within my tolerance level so ok loh hahahha=)

[@ainor1787]

Wow..im also just sign up the houzkey by last 2 weeks ago 🤣🤣

[@iherng]

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