Asset Property Sdn.Bhd, a reputable developer, has advertised for a double storey house costing RM500000. You have requested Frankie Hero International, a leading international real estate consultancy, to appraise the property and the valuation has been determined at RM505000. Thinking that it is a good buy, you have decided to approach ABC Bank for a loan which requires an 80% loan-to-value ratio.
Based on the above information, how much would you have to deposit as down-payment for this property?