Which bank offering best rate now? Pls share. TQ.

as I know, hscb offer -2.3 but flexible
maybank -2.4 but semi flexi

@marcuschng
you are prominience agent or developer?

Semi flex or full flex is not important if u are not businessman la..

@Chocolate
Important if you want to withdraw money from bank. If semi flexi, you only can withdraw money from the branch you open the account & office hour. With flexi loan, you can withdraw thru internet banking, any ATM, any branch in Malaysia.

0.20 maintainan fee is confirm already?

@kabutol
yup, it is confirm

this condo sound interesting

any can let me know if a am property agent, I want to sell this condo, any commission?

@marcuschng
so exp la,maintainan fee,badminton and basketball is indoor?how many badminton court?
got man made beach at where?

no man made beach la, the sales told me that the man made beach change to aqua gym and Jacuzzi d

you are right, sassy.
kabutol, only one badminton court and one 3on 3 basketball court

Does anyone know where to build the largest shopping mall at jalan baru, prai? Bellview is the developer. Pls share. TQ.

are you sure, who do you get the info from?

Liam, i can not see any suitable land for them to build the so call biggest mall in asean along Jln Baru. May be others place not sure.

@Chocolate
this is the link for the largest shopping mall news.

http://www.nst.com.my/streets/northern/biggest-mall-in-north-to-be-built-in-prai-1.220136

Liam :Does anyone know where to build the largest shopping mall at jalan baru, prai? Bellview is the developer. Pls share. TQ.

Yes. Bellview claims largest shopping mall in Sbrg Perai n Penang (not Asean lah), near/along Frontage area, closer to Bkt Tengah roundabout……..but i observe the land area available is even smaller than QB mall area (so, how to be largest ?).

BM Observer :

Liam :Does anyone know where to build the largest shopping mall at jalan baru, prai? Bellview is the developer. Pls share. TQ.

Yes. Bellview claims largest shopping mall in Sbrg Perai n Penang (not Asean lah), near/along Frontage area, closer to Bkt Tengah roundabout……..but i observe the land area available is even smaller than QB mall area (so, how to be largest ?).

They claim that new mall is bigger than Megamall KL bro..

@sassy
wat is aqua gym?and the swimming pool is infinitie?

@kabutol
aqua gym is for those people who doing phisotheraphy, and the swimming pool is infinity 1

@kabutol
the aqua gym is the gym equipment which put under the water, this is very helpful for physotheraphy

Hi anyone know what is the difference between commercial housing loan vs islamic housing loan?

Hi who had signed the bank loan offer letter as the bank only give 1 week or 2 week time for you to consider to take up the loan. Should we wait till the S&P agreement done only sign?

@lee
Usually, the validity of Letter of Offer from Bank is 2 weeks upon Date of Issue.
Try not to wait until SPA done because each Bank has quota for every project. Once the quota is full, your loan will not be accept. Then you have to apply for other bank again.

PM if you want to apply loan, I can help you. kclor@hotmail.com

@lee
Usually, the validity of Letter of Offer from Bank is 2 weeks upon Date of Issue.
Try not to wait until SPA done because each Bank has quota for every project. Once the quota is full, your loan will not be accept. Then you have to apply for other bank again.

PM (kclor@hotmail.com)if you want to apply loan, I can help you ^o^

@KC
Nvm KC, I have obtained the letter of offer, just thinking sign or not sign. Thanks for your advise lol

@lee
which bank u get? what is the rate?

I heard the selling price has been increased, is it true? How many % ?

@chai
Maybank BLR -2.4

The largest mall in penang by belleview confirm will be build in this location LOT 4470, LOT 7007 DAN LOT 6363, MUKIM 1, JALAN BARU. However, anyone know where is the location ?

@lee
thank you. with MRTA?

@Kelvin
got website information?

@chai
Chai, MRTA 20 years about 6k, and which bank offer do you accept, how is the rate?
Maybank offer semi flexi islamic housing loan, which i feel is better that commercial housing loan cause the maximum cap for interest charge is only 10% no matter how high is the BLR rate.

@kabutol

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=486734&S=S

From google map, only beside Esso petrol station have the space for the mall along Jalan Baru.

I’m confirmed lot 4470 is just next to NB Plaza. Oppo megamall.

@Kelvin

may i know this project still got dibs after today ?

@SuperC

You sure oppo Megamall? Beside NB Plaza is a bunch of furniture shop. On the other side got a TNB HV transmission cable. So where got land? If dont have a generously big land, how can become the what so call biggest shopping mall?

@wanmohdrafiq
I’m sure, the land just beside NB PLaza and the back of NB Plaza.

Side land are lot 4470, lot 7007, behind land is lot 6363. I already checked with council dept, only the plan haven’t approved.

Did anyone call the developer? Pls share. Tq.

now this project still got dibs bo?

I just ask developer.. DIBS still got

Luckily still got. Just depend on the date of approved on the project.

lucky…if not cham..then when sales galery will be complete?how the progress?

Previously i got ask developer, they told me end of oct but seem like cant complete yet..

@Kelvin
Where did you get the update that belleview project?

Public bank loan full quota as well?

what mean by full quota?

no more provide loan for prominence project as quota fulled for this project.

Can anyone tell me which bank is still offering DIBS package for this project? I yet to submit loan application.

@Loan

Banks do not provide DIBS package only loan.

I heard bank is prohibited to offer any loan to DIBS project now..but doubt that is true, better check with your banker.

Which one is the best housing loan insurance? ??? MRTA OR MLTA ????

anyone here have signed the S&P?

@Chocolate
It was also announced in the budget for next year that DIBS should no longer be offered to investors.

@VincentTeng

u’ll find a very good comparison of MRTA and MLTA in this website:
http://www.property.cc/khim-associates

Is this prominence a commercial lot? Means the eletricity will be charged higher compare to resident?

show room is complete already?can go to see?

As I know this is residential title..

@kabutol
You got ask developer?

Is residential title according to the sales

As i know this is residential tittle. And they having fair in queensbay today. If anyone want to know more about the details can go to take a look

Have anyone take the RHB loan? They offer a good package with BLR-2.4, semi flexi but you can withdraw your money without any charge, they have waived it.

Anyways, they have a clause that to mention that the different of OPR and BLR is cap at minimum 3.5%. I have signed the offer letter without knowing this at first place. Anyone can explain what is this mean?

Hi Anyone new update for the latest sales and price? who had go to queensbay today?

Kelvin :Have anyone take the RHB loan? They offer a good package with BLR-2.4, semi flexi but you can withdraw your money without any charge, they have waived it.
Anyways, they have a clause that to mention that the different of OPR and BLR is cap at minimum 3.5%. I have signed the offer letter without knowing this at first place. Anyone can explain what is this mean?

Current OPR is 3.00% and BLR is 6.6%, so difference is 3.6%. The clause means if the difference becomes less than 3.5%, says BLR decreases to 6.3%, then difference is only 3.3%, then RHB has the right to adjust the prevailing interest rate, says to become BLR-2.2% so that min 3.5% is there. 3.3% plus 0.2%, still 3.5% min.
Not too concern because typically if OPR decreases, BLR deceases also and vice versa.

QB yesterday also alot of people booking. Sale person there pay RM500 for reserve ans then pay RM4.5k. during signing SNP also need another RM5k.. mean that need 10k for this invesment instead of 5k for early bird……

left unit all 400k above, worth to invest in mainland?

fujiapple :
QB yesterday also alot of people booking. Sale person theretold me pay RM500 for reserve ans then pay RM4.5k later. during signing SNP also need another RM5k.. mean that need 10k for this invesment instead of 5k for early bird……
left unit all 400k above, worth to invest in mainland?

sales good yesterday?still many units leave??

i have went there 2 days.. quite many people booking! really worth to invest?

good to stay also, quite strategic location.

BUT very high density ,and 33 floor..

Hey guys, the show unit of Prominence will be opening soon…please take your time and have a look for it.

i went to the show unit today…. is 1500 sqft and empty one with no furniture at all to show.
the show unit really with high ceiling and big balcony design.

At that time is sembayang time, the sound is quite big from the small surau.

@fujiapple
Kitchen cabinet also don’t have? How was the layout? Nice?

Ya, 12 ft ceiling height with big balcony.

@kelvin

How big is this big balcony ?

i did not ask them on the actual size, but as what i saw is at lease 12ft in length and the ceiling height really impress me, the only drawback is the kitchen layout, is exactly next to the bed room.

@Kelvin
So overall nice? Did they put kitchen cabinet? Any pic to see?

The show unit is type A , 1,508sf. Now under renovation. The sky bridge very TuaKong, lighting on the bridge. Like it very much.

@edwin
yup.. they didnt put kitchen cabinet..May be not yet finish.
the door go to the bedroom just beside the kitchen. i felt l that not good for the room.
overall is nice and i like the ceiling height. bigger space feel…

@fujiapple
Feng shui not good for that room.. Will the living room narrow?

Asking the sale girl there about Specifications for the different type of unit.. she say not finalize yet…

Any one know what material they use?

@edwin
living room quite big…

@fujiapple

Floor tiles 2*2 white horse, balcony 1*1 white horse also.

@VincentTeng
I suggest you buy MLTA.
PM me if you want to know more in detail kclor@hotmail.com

@VincentTeng
MLTA is better.
PM me if you want to know more in detail kclor@hotmail.com

Where is the show house unit?

@Michelle
The show unit is on the site there..

@Mainland
the actual size of balcony is 4*15 ft.

@Ken_neth

Ok, thanks,

Went to house show. Is the actual ceiling that high?? Impressive.

@wanmohdrafiq
can you please share the photo if you have taken it?

just went there yesterday, they sold off very fast and i dont know whether the developer have blocked those unit or not but so far the commant not bad. The show unit was quite impressive but i dont think the ceiling height was that high as show in the show unit. But i asked the developer the balcony was actual size as like our balcony. So far so good, strategic location and impressive concept and design for this developer.

butterworth side need more high end look property like this.. Prominence + PJD development + signature and i heard belleview condo also coming up..it will boost up butterworth property price generally

any units still available ?

@joan
joan from what i saw yesterday there are left not more than 50 units left. if you interested you may go their sales office to take a look, they told me their biz hour from morning 10am until 6pm, monday to sunday.

Thanks friend…
Price le ??

All unit more than 400K to 500K+++

Can i know what is the price when 1st launched to buy?

@Chocolate

Chocolate,
For the type A or D (1508 or 1507 sqft) when at QBM on around merdeka day was about RM420K -10% (RM42K) rebate and pay only RM5K (1.2%) until VP. So, nett is about RM383K with DIBS and 2 car parks for intermediate floor. So, early bird pricing is more worth than even Signature’s early bird pricing. However, the main down side is that this developer is the first time developer, never build anything before. However, thereafter the merdeka holidays, they adjusted (increased lah) the pricing, rebate scheme, car parks based on unit types, floor number, etc (due to blocking) to a very complicated ones until to the extend (that i heard) every weeks, price changes. So, I just wonder whether any late birds got better deal than some intermediate birds, he, he. Signature pricing mechanism is consider much simpler than this project. Did you invest ?

Type D price is Rm537K now in top floor. So price already increase about 100K to 120K just within 4 to 5 months! Those bought in first launch get very good roi now. If there is any unit below 5th floor, I don’t mind to whack one.

hi chocolate, the 537k is at which floor? The price is already after rebate? The price is increasing floor by floor.

the 1st 5 floor is all car park la, how to wack?

@Chocolate

537k I saw that day is the last floor and also not d type is a type la, chocolate, I think your eyes got problem

Sorry it type A top floor.

sassy :
the 1st 5 floor is all car park la, how to wack?
@Chocolate

Exclude the car park floor la..

Top floor is the most expensive and it is blocked during first launch, so the 383k should be the lowest floor, as first launch open up until 12 floor only.

Assume they increase 1K per floor, the top floor is 34th, so the increment is about 80K, not bad too!

then wat is per sft from the first launch type D?lower than 300psf??

When first launch, type D level 7 starting price is 260 psf.

wah,so good offer la…miss liao…

whow, so cheap, really miss that chance, kelvin do you buy at that time?

Wow..more than RM100K increment now!

@Chocolate
are you a sales agent?

The price really increased 100k? 20k~30k then maybe yes, but 100k, hmm…

The price not only depends on which floor (increase 1k each floor, perhaps), it also much depend on the scenery view from balcony (of course type A is better than B and C)

I just feel doubt is it compare apple to apple. Correct me if I’m wrong. TQ

but like any other property, be it island or mainland, the price surge over these few months..so not really surprising.

sassy :
@Chocolate
are you a sales agent?

sassy :
@Chocolate
are you a sales agent?

Why u say so? Am i act like agent? Sorry i am not.

I just ask the developer sales just now, they say the pricing can reach that high because they say ijm did own 20 percent of this project

For those who are interested in buying for own stay, can check out Goodfields Residence to compare price. No need to rush, time will be your friend, unless you make it otherwise….:)

Chocolate :Type D price is Rm537K now in top floor. So price already increase about 100K to 120K just within 4 to 5 months! Those bought in first launch get very good roi now. If there is any unit below 5th floor, I don’t mind to whack one.

low floor rebate 10% all below 400k, top floor only rebate 3% 500k above and sea view, price not much change from early till now, thats y low floor all ppl sapu habis ady, good strategy, normally low floor no ppl wan but tag price like that sure all ppl sapu low floor==

@SiaoLang
i appreciate your effort for commenting at various property pages and hoping that the property price will depreciate ..but too bad bro, not going to happen.. u can see its only going up not down.. so buy now before it is too late..

agree with wkl talk, but my salary only afford me to apply for low cost, damn it

sassy

combine two names, u and ur spouse.. the price wont go down..material n labour cost is increasing every year.. some more, government is tightening the regulations on the developers..they wont sacrifice their margins, they know as the population grows the demand will always be there.. so the cost will be passed to the buyers..

@sassy

I bought it during visit directly to GE Tan office , before they have first road show at Queensbay. I know the price is because the sales agent keep promote me the type A & D unit which price at 390k ++ with two car park.

But due to budget constraint, i go for type C at level 11 which price at 265 psf with only one car park. Actually type A & D is more worth since have additional car park. I know i miss the chance, but what to do since I am not afford for 390k.

Just to add the price for 390k is after rebate.

Heard from the Agent that the show house furniture will be reach this week, Cant wait to see the complete show unit.

lee :
Heard from the Agent that the show house furniture will be reach this week, Cant wait to see the complete show unit.

By the time showhouse ready only left not more than 5 units..:)

Do you all really willing to dump the money for condo while u can get landed property in mainland? It is empty new unit compare to used semi renovated/furnished house? Why not think about it? I am not saying Prominence is not good but recently seems like condo is popular in mainland.Spend some time to shop around, you can get some nice landed house with similar price tag.

@Chocolate
Nowadays, the public security is too bad, that why more and more ppl are choosing condo instead landed property.

@lee
ya,i agree,landed is no secure,car also no secure,bad environment of malaysia!!

@kabutol

Do you think condo is more secure ? Even in Condos at Gurney Drive cars got
lost and the same in BM area.

Kelvin :@sassy
I bought it during visit directly to GE Tan office , before they have first road show at Queensbay. I know the price is because the sales agent keep promote me the type A & D unit which price at 390k ++ with two car park.
But due to budget constraint, i go for type C at level 11 which price at 265 psf with only one car park. Actually type A & D is more worth since have additional car park. I know i miss the chance, but what to do since I am not afford for 390k.

Well, i can guarantee you during Merdeka holidays at QBM, type A and D unit is below 390K, with 2 car parks, not ground floor but about your floor level (10-12th). That’s why i said the pricing is always adjusted lah ……perhaps, Merdaka Day Sales kut, special offer …… But your price is already cheaper than most ppl.

Well, if landed property also gives DIBS, high rebate %, semi-furnished, this and that freebies, ha ha ha, i think many ‘investors’ sing different songs liow ……like condo is inconvinient lah esp after shopping, scare of height lah, small space lah, etc, etc, he he.

@BM Observer
Signature developer / Constructor (Excel Focus / Anas Construction) also new i think

Why not consider guarded project if can not afford G&G? Now u are rushing to buy condo while landed property is affordable, one day in future u wil crying under your bracket.

Which landed property is affordable now? might have a look.

@Chocolate
nowaday why people choose condo? if you enjoy the high living life, condo is the only choice. landed cannot enjoy those facilities, no swimming pool, no lounge, no fitness. And one more thing, if you can see the future in BM, you wont said that landed property is the best choice for invest or stay. This is just my own opinion, dont shoot me please

call 04-5306666 for more inquiry about the condo and shoplot 😀

BM P.Seeker :
@Chocolate
nowaday why people choose condo? if you enjoy the high living life, condo is the only choice. landed cannot enjoy those facilities, no swimming pool, no lounge, no fitness. And one more thing, if you can see the future in BM, you wont said that landed property is the best choice for invest or stay. This is just my own opinion, dont shoot me please

Come on, u can enjoy those facility anytime in G&G project.

U can see the future? Hmm..u must be very successful in property investment. Okla, no argument, buy any property that u like anyway. I loooove condo too..:)

@BM Observer
if like that. buying type C with 370K after rebate is not worth ( around RM320 per sqft) . Do you all think this area easy for rent after complete?

i read this “Housing loan LTV will count based on net selling price” that means bank only loan 90% of after discount price.. so will affect many people who low salary range.

is it true…?

@fujiapple

They asked for it, they got it !!!.

Does developer already ask to sign s&p?

Any buyers already sign bank LO?

@Chocolate
sale girl say end of Nov 13 or early of Dec.. not sure confirm or not?

@x factor
they got it means…..

The net selling price housing loan rule will take immediate effect as per announced by government, so will this project also get impact?

@fujiapple

They wanted the government to curb the price of property that keep on rising
that is out of reach of the common people. So RPGT was raised to 30% , No
DIBS and now net selling price to determine the loan. I hope they are fully
satisfied by now.

Don’t ever complaint that these measures have in fact make it more difficult
for them to buy a house of their own.

As I had said before, they should ask the government to provide more
affordable housing with faster completion rate to cope with the demands. So
can’t they afford now with all these measures implemented ?

“They asked for it, they got it”.

Kelvin :
The net selling price housing loan rule will take immediate effect as per announced by government, so will this project also get impact?

I think “YES”. I can foresee many flippers will drop their booking in Prominence and Signature! Good news to me! hahahh..

@Chocolate

But I already sign the bank offer letter which provide me 90% loan based on before rebate price.

I think now bank also uncertain what Zeti going to implement. LO is only the offer, the final legal doc is the loan agreement. I also not sure now what bank going to do for those DIBS project. Hope to get the clear picture soon, now everything just a guess.

They have draw the clear cut already.

PETALING JAYA (Nov 20, 2013): A new Bank Negara Malaysia (BNM) ruling that requires banks to give out property loans based on net selling price, which excludes rebates and discounts, rather than gross selling price may affect loans growth for banks this year, Alliance Research Sdn Bhd said.

Its analyst Cheah King Yoong said a BNM circular sent out to banks last Friday announced not only the expected ban on the developers interest bearing scheme (DIBS) and the interest capitalisation scheme (ICS), but also an unexpected rule for all banks to determine their loan-to-value (LTV) ratio based on net selling price rather than gross selling price.

Banks can no longer provide financing for projects approved by authorities with DIBS on or after Nov 15, 2013 effective immediately. While those projects approved before Nov 15 have until Jan 1, 2014 before the prohibition is effected………. Full news articles here : http://www.thesundaily.my/news/885557 or http://www.theborneopost.com/2013/11/20/lending-curb-more-stringent-than-expected-negative-impact-for-banking-property-sectors/

fujiapple :@BM Observer if like that. buying type C with 370K after rebate is not worth ( around RM320 per sqft) . Do you all think this area easy for rent after complete?

My opinion is that by now type C is already quite high price vs Kelvin’s price. For own stay, should be fine. For investment (selling and rental), you just need to aware and accept that your selling price and rental price have to be competitive with those early birds. I think renting out should not too difficult as long as you’re willing to follow others’ price as tenants won’t care weather you bought 370K or 308K, right ?

For simplication, For those buyers which are yet to sign bank offer letter as at 19 November 2013, you will need to follow the new scheme which are net selling price.

For those who signed the bank offer letter before 19 November 2013, you will given a period till 1 January 2014 for you to signed your S&P agreement. If till 1 January 2014, your S&P still unsigned, mean your current bank offer letter will have to follow the new scheme which are net selling price.

This mean that you have to paid extra downpayment after developer rebates.

Correct me if i am wrong.

This is good, at least can chase away those “flies” to goreng. Only loaded buyers can play the game.

@sokohaw

Don’t worry,those knowledgeable in property and location won’t be buying or
investing here.

Anyone one call developer regarding the APDL?

Joan :@BM ObserverSignature developer / Constructor (Excel Focus / Anas Construction) also new i think

Signature developer said they had built hotel, port and bungalow before though 1st time condo and they so far gave confidence with contruction in progress until 12th floor liow (unlike BM City Mall). Not sure what Prominence developer said about their experience but ppls said IJM invested 20% in them. Time will tell. Are you buyers for both projects ?

IJM also join in. this project will not too bad leh..

It’s confirmed that IJM hold 20% share

SuperC :
It’s confirmed that IJM hold 20% share

So they can simply jack up the price?

@lee

Haven’t heard anything on this. Anyone got news?

wanmohdrafiq :
Went to house show. Is the actual ceiling that high?? Impressive.

The high ceiling due to shoplot design structure. No promise on real unit.

Not sure what is the actual ceiling height for show house unit. But the confirm given spec is 12ft as per informed by the developer.

Show house ceiling height is more than 12ft, appears like 13-14ft.
If spec going to be 12ft, then it’s good. Signature is only 10.8ft.

Where is the show house? Thanks

@chew
At the site there.. Near roundabout

Anyone with news on the ADPL?

show house complete?

@kabutol

Visit the show house on last Friday. Furniture partially in only.

Why developer not calling the people just pay the booking fee? How we know the really balance unit left over? Even they pay RM500 for booking, the unit will reserve to them?

Longmon and lee,
What is ADPL / APDL ?

@BM Observer

Advertising permit and developer license

@Longmon

I ask the developer regarding this APDL, they mention “The government still holding the APDL files and we really no idea when it will handover to our company.”

Hopefully they can get before 2014.

@lee
I see, so applying HSBC loan seems to have some problem then.

@Longmon

What is the problem of applying HSBC loan, got related meh?

@lee

Apparently yes, to what I heard HSBC needs the APDL before they are allowed to provide loan to buyers. But, it’s better you ask your agent for more info. Update me if you have info.

@Longmon

Which bank are you apply, your loan alr approve?

For me, there is no problem for me to get loan approved from public bank and maybank.

Which floor are you buying, mayb we are neighbour lol

Actually for any projects, APDL is required by all bankers for loan approval (because bankers worry to fund any illegal project). However, some banks waive this for certain projects based on trust and good relationship with developers knowing that they will eventually got the APDL and can provide later. So, HSBC may be more strict than other banks for this. APDL is also needed to print inside the SnP, sales brochures, etc.

lee, did you get the offer letter from Public Bank or they merely said approved ? PB should be the stringent ones. Is Prominence in their ADL (Approved Developer List) ? If yes, probably waived up-front (and to be provided later).

RHB need APDL boh ? Longmon, you can switch bank already.

BM observer
without APDL are they allowed to collect deposit and market this property?

@BM Observer

For PBB, i just get verbally said approve. The details i do not know.

For Maybank, i think you are right, the SnP is waived up-front and i think bionic is their ADL.

BM observer are you owner also?

@wkl

This is not allow by law for developer to collect any fee from purchaser without APDL, but it is allow to collect booking fee by their lawyer which define as sinking fund.

The term that used must be careful, it is “Booking fee”and not Deposit

For doing roadshow, it is also not a problem as the road show is call soft launch and not official launch.

I have signed the offer letter from Rhb bank. I think maybank also waive upfront for the APDL cause theyhave chase me to sign for offer letter as well. But wonder why it get so long for this project to obtain Application, probably it get stuck with Dibs and net selling price home loan. A lot of uncertainty.

i oso went to c the showunit on this monday. Yes…stil no furniture and the r working hard.

The 1st thing that impress me is the syiling height…really awesome.i ask the sales.he told me the height wil b 12FT. I asked him again…r u confirm and sure. Dun simply say and 1 2 push sales oly. He told me”SURE”.

One more thing that impress me as well is the balcony. Wah…awesome….4.5×10 or 5×10…forgot. really big. Normal balcony oly 3.5×7@4×8.

@kelvin
hi. so DIBS still valid for this project?

if me take hsbc loan , this year still cant take APDL,then how about me………

@kabutol
Same here.. I also taking HSBC.. Dono when developer only can get APDL

Developer will build the 8 ft wall behind the shoplot to differential the apartment.

@edwin/kabutol/fujiapple, better secure the loan before 31st Dec if confirm want to buy.

Unlikely this project will get the “DIBS” status.

ecoSky in KL just scrap the DIBS from their project and damn i might drop my unit! Prominence is exactly like ecoSky now and in the end they have to give up DIBS. Developer just keep quiet now and wait for the right time to announce.

KPKT memo already shown that those project yet to get APDL by 15th Nov has to remove DIBS immediately.

Chocolate :
Developer will build the 8 ft wall behind the shoplot to differential the apartment.
@edwin/kabutol/fujiapple, better secure the loan before 31st Dec if confirm want to buy.

hi chocalate
if no DIBS, why we need secure the loan before 31 Dec 2013.

@Chocolate
If developer can’t provide DIBS, they should compensate us with others thing.
HSBC not provide us to sign offer letter yet.

My guess is: DIBS abolished, developer provide x% rebate, many buyers drop booking due to loan NSP. That’s why i said, if u really want to buy no matter DIBS or not, then better secure the loan. Anyway KPKT memo also showing that bank can not release any loan to DIBS project after 31st Dec (if Prominence finally get DIBS).

Signature in other hand is different story as APDL obtained before that. So Prominence may end up stuck in selling the balance units. Let say selling price is 500K and rebate 10%, buyer still need to fork out 45K cash, not easy la i think for many youngsters..

They wanted the government to curb the price of property that keep on rising
that is out of reach of the common people. So RPGT was raised to 30% , No
DIBS and now net selling price to determine the loan. I hope they are fully
satisfied by now.

Don’t ever complaint that these measures have in fact make it more difficult
for them to buy a house of their own.

Chocolate

U r knowledgable…those developers who obtained their apdl before 15th nov still entitle to offer dibs provided their buyers sign before end of this year…in this case the signature are the last in town who still offer this scheme..the 5% discount given to cover the downpayment also still valid bcoz the EF have been long approved..

Chocolate :
My guess is: DIBS abolished, developer provide x% rebate, many buyers drop booking due to loan NSP. That’s why i said, if u really want to buy no matter DIBS or not, then better secure the loan. Anyway KPKT memo also showing that bank can not release any loan to DIBS project after 31st Dec (if Prominence finally get DIBS).
Signature in other hand is different story as APDL obtained before that. So Prominence may end up stuck in selling the balance units. Let say selling price is 500K and rebate 10%, buyer still need to fork out 45K cash, not easy la i think for many youngsters..

if like this condition, loan based on NSP, many people will not afford huge down payment. one of them surely from myself.. Damn!

As x factor mentioned, you asked for it, now u get it.

KPKT and BNM intention is good and i support, but too fast to execute the steps within a short period. They will kill many youngsters for the 1st home. Salary increment just to slow to catch up with the inflation rate.

@fujiapple

IF you able to get the loan prior to 15 Nov 2013 and the developer end up get the APDL before 31 December 2013, you still can follow the old scheme (which no need to paid downpayment).

Now only can pray hard for developer to get APDL.

@lee
To what I heard again :)…they already attain the APDL from Government, just waiting to release…

lee :
@fujiapple
IF you able to get the loan prior to 15 Nov 2013 and the developer end up get the APDL before 31 December 2013, you still can follow the old scheme (which no need to paid downpayment).
Now only can pray hard for developer to get APDL.

No way lee, the deadline is 15th Nov according to KPKT.

在11月15日之前獲得當局批准的產業計劃，可繼續提供DIBS直至今年結束。但仍未獲得批准的產業，將即時禁止提供DIBS。

@Chocolate

Understand that the DIBS scheme. Thanks

How about the net profit margin scheme?

Mean no matter how we also have to paid the downpayment after rebate ya?

Add on on the above,

If the bank offer letter already signed before the 15 November 2013, will the bank ask us to revise the loan amount?

Likely this project will have no DIBS. Hope that developer can give a very good discount as compensation.

Just call to my banker and confirmed that those bank offer letter that already signed before 15 November 2013 will not be impact by the “net selling price” . The bank offer loan amount will not change no matter how.