KULAI: Two technicians’ hopes of proudly owning a home have been dashed when the property agent they have been coping with didn’t repay their loans as promised.
One of many victims, who solely needed to be often known as Wong, 36, mentioned he first noticed a publish concerning the Youth Residence Scheme on social media in June 2017, and determined to attend a chat on the agent’s workplace in Taman Impian Emas to study extra.
On the discuss, he was greeted by an agent who informed him that he may personal a two-room condominium unit in Johor Baru priced at RM390,000 with no down cost.
“He additionally informed me that I’ll get pleasure from a 30% money rebate and I may simply give him the quantity and he would assist me deal with numerous companies together with servicing the month-to-month mortgage instalments, renovation and in search of tenants.
“He satisfied me to buy two items in order that after a number of years, I may promote one of many items to repay the mortgage for the opposite, ” he mentioned at a press convention organised by Bukit Batu assemblyman Jimmy Puah at his workplace right here.
Wong mentioned he proceeded to provide the agent all his paperwork, that was used to use for a mortgage of RM500,000 for every unit.
Nevertheless, about seven months later, he mentioned he started receiving calls from the financial institution concerning late mortgage repayments, which later led to warning letters and finally authorized letters.
“When requested about it, the agent saved giving excuses saying that he was busy and would solely repay the mortgage as soon as in two or three months.
“I felt one thing was not proper and determined to try my properties and was shocked to seek out that there was no tenant and no renovations achieved in any respect, ” he mentioned, including that he final noticed the agent in February this 12 months earlier than shedding contact with him.
Wong mentioned he now owed the financial institution about RM70,000 in mortgage repayments and that his two items had been put up for financial institution public sale.
“I’m very confused as I solely needed to have a home of my very own, but I now danger turning into a bankrupt, ” he mentioned.
One other sufferer with an identical plight, recognized solely as Lew, 30, mentioned he additionally purchased two items from the identical agent.
“Fortunately, one in all my items has been efficiently auctioned off and I’ll meet with the financial institution quickly to debate different cost options, ” he mentioned, including that he didn’t dare let his household know that he had turn out to be debt-ridden due to this property deal.
Puah mentioned that apart from Wong and Lew, he additionally acquired complaints from a bunch of eight patrons who had comparable tales.
He suggested keen housebuyers, particularly youths, to do due analysis and suppose clearly earlier than making such an enormous funding.
When contacted, Johor police chief Comm Datuk Ayob Khan Mydin Pitchay mentioned there gave the impression to be no foul play as there was an settlement between the property purchaser and the agent in 2018.
“The case has been referred to the Justice of the Peace and the victims are suggested to file for authorized motion towards the agent.
“I additionally advise property patrons to be extra cautious earlier than agreeing to schemes that sound too good to be true, ” he mentioned.