house property vs land property

Q&ACategory: Questionshouse property vs land property
Chee Haeng Liow asked 5 years ago

Hi KC, 
I would like to ask the different between the house property and land property.

  1. loan procedure
  2. interest 
  3. any area to take note if buying land property
2 Answers
KCLau Staff answered 5 years ago

Do you mean buying a landed property? or just empty land?
If it is empty land, the financing will LTV (Loan to Value) will be lower around 50%.

KCLau Staff answered 5 years ago

I have no experience in this. But generally the process is about the same – engage a lawyer to facilitate the transaction.