Overpricing for ‘extra cash’

Buyers secure a loan based on the inflated price in the sale and purchase agreement with extra cash at hand in what is termed as a

PETALING JAYA: Property developers have overpriced their units to help buyers obtain extra cash, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) said.

Buyers secure a loan based on the inflated price in the sale and purchase agreement with extra cash at hand in what is termed as a “cash-back” feature.