Shit happens to me...

Apparently the bank valuers have valued the house much lower compared to the purchase price, so now there's a problem that I cannot get the margin of financing that I wanted. That means having to cough up more downpayment in order to achieve the level of financing offered by the bank.

The other option is to forgo the deposit and search for a lower-priced property, but that means no more PH and LP for the property hunting, as the property price there is really inflated.

Another option is of course to renegotiate the purchase price with the vendor, but of course I believe the vendor will not budge, especially after the booking was confirmed...

Sigh... of all shit to happen!!!!