Finance
Property Finance
Finance for property is about obtaining money which is secured against a property itself, either the property being purchased, or another property already owned. When money is borrowed against a property asset you are looking to preserve and enhance the value of the property as well as maintain a cash-flow which is capable of servicing the debt payments.
Commercial Property Finance (FNB CPF) provides Commercial, Industrial, Retail and Residential Development Finance to customers. In conjunction with FNB Housing Finance, FNB CPF has also recently entered the Affordable Housing Development market.
Whether you’re buying a commercial property as an investor or as a business owner, the process is very different from acquiring a residential property. With a myriad of specialized issues to consider — from economic viability to environmental compliance — it’s important to work with skilled specialists, like the team at Union Bank.
Not many of us have spare funds that we can use to pay for the purchase of a property in one lump sum. Moreover, even if we did have those funds, we may want to put it into other uses such as playing the stock market or expanding our businesses in order to gain other financial benefits. Hence to purchase a property, we have to depend on loans or overdrafts.
When market is hot, real estates prices are appreciating as much as 2% per month. All you need is to wake up early, and queue at the hottest property launch in town. Make sure you are on time to place a booking on the best unit available. Let’s say the developer just requires you to pay a booking fees of RM1,000 to have your name on the book.
