Layout plan & size of the unit.

Layout plan ??

Only 3 type:
1. Penthouse – 2530 sqft (2units)
2. Corner – 1195 sqft (48units)
3. Intermediate – 1087 sqft (98 units)
Softlaunch last week @ queensbay mall, selling fast. This weekend another roadshow @ Sunway Carnival. Limited unit available according to marketing agent.
Very low density. two wings in one block, each wing got 3 units. So total 6 units each floor. Means no unit infront of u, just side neighbour.
Very attractive promotion package as I visit qb roadshow last week.
Anyway, u can go sunway carnival this weekend if interested.

what does this developer build before?

i thought it was a project by Anas construction?

Its from Focus Excel, Phase 1 whole block sold to Pr1ma d and consider as LMC with 10 year lock in period. Phase 2 and 3 coming soon~

Thanks for sharing good new Penang mainland people applied for Pr1ma project, hope to see Pr1ma project lauch in penang Island ppls too, many ppls here not afford to purchsed property here now due to greedy developer and speculator.@Daryl Goh

the minimum price starting at RM 360K, and still consider as LMC?

facing north east is busy road of Jalan Baru (always traffic jam during peak hour), facing south west is railways, sound of train is 24 hours operating, noise pollution is terrible, is it a nice place to stay? think twice before booking…..

@Daryl Goh
I don’t know where u get such info, but i can tell u totally wrong.

As I visited their roadshow last week, just starting soft launch. And is code as most “Luxury Condo” in mainland. Only 1 block, and don’t hv phase 2/3/4… as well.

@May Kuan
Now no need to think also because heard all sold.
Today I called to their marketing agent, they said stop booking as all booked already. And ask me to put as waiting list. They will contact me if the developer release the reserved units or any people cancel booking/loan rejected.
Just fyi Jalan Baru will be the next booming area as many developer goreng that place very soon…..belleview/HUNZA/UDA/GSD Land. Mydin that next to Signature site is going to complete next year, Belleview clearing the site and going to build so call biggest shopping mall in northen at Jalan Baru, HUNZA going to build hotel+shopping mall … many news & rumors spread since early of year.

@sam
Luxury in what terms?

Agree with @sam. it does not have phase 2/3/4 and also not LMC or Pr1ma.

Just beside the road side and mydin is to be built next to it (in progress). Maintenance is a bit high as 20 cents per square feet. Just went to the site just now, already built up to the 10th floor. Launched last week but a lot of units have been sold out. If not mistaken just left 4th floor and lower floor units. Free air-conds and fans

Do visit www.thesignature.my @OT

Is a semi furnish condo, comes complete with air conditioners, customized bedroom wardrobe and built-in kitchen cabiner inclusive of hood, hob and a branded refrigerator. Sounds not bad, no wonder a lot of unit have taken up.

Because with the semi furnish, that y minimum price also need 360k for smallest unit. Sound not bad and that the reason almost sold off even just soft launch for few days.

I already placed my booking for next door condo prominence, if not might consider for this condo as well. I heard that they have 8% rebate for early bird

Is a semi furnish condo, comes complete with air conditioners, customized bedroom wardrobe and built-in kitchen cabiner inclusive of hood, hob and a branded refrigerator. Sounds not bad, no wonder a lot of unit have taken up.

Because with the semi furnish, that y minimum price also need 360k for smallest unit. Sound not bad and that the reason almost sold off even just soft launch for few days.

I already placed my booking for next door condo prominence, if not might consider for this condo as well. I heard that they have 8% rebate for early bird.

Very nice concept!!! 360K for the smallest unit?

promience or this better??

@kabutol
You are prominence buyer also right?

@kabutol
if afforable pay little extra to buy landed property in mainland. Many condo/apt projects are poor maintenance after 2-3 yrs occupation, quality management is important, i only trust good reputation developer such as IJM, PJD etc.

hvnt heard about excel focus..i think this developer is damn cash rich ..must be shipping tycoon or something..the condo block is 10 storey high already and they just start selling..

@joshua

I strongly agreed with u. I believe they are super rich thats why afford to build first before selling. Some more do not have any advertisement at all. When I heard and went to roadshow at qb is already too late.
I like the furnishing concept as I facing headache before this when renovate my property. Those that facing similar problem as mine in renovation will understand what I mean. Renovation is a tough job, not talk about the money (easily cause u above 50K), and the most important thing is time and effort that u spending in to follow up and buy off.
Thereafter, I feel is more worth if the condo comes with partially renovate/furnish. Less headache

@Lau Lang

Their brochure code themselve as “luxury”.
Very low density, two wings in a block: left wing 3units & right wing 3units (no unit opposite u, only side neighbour)
Many facilities … I can’t remember all. One thing impressed me is car park at separate block, roof top of car park building is some outdoor facilities like tennis/badminton court …
U can pay a visit to sunway carnival this weekend to know in details.

if this one sold out, can wait for d’Square Residence by GSD also at Jalan Baru.

Where is the exact location for d’Square Residence? Is it opposite Frontage (under construction)?

Any buyer here can share the package? Price, DIBS other promotion and etc?

@XiaoA
Any details info about GSD project? When they going to launch? near to high tension cable?

@Mok
how about ge tan?this project is under ge tan maintainan。。can go?

prai mainland land property now wat price if 3 or 5 year old?

@kabutol
this project under GE Tan manage also?

@sctang

8% for early bird, 20k for additional car park.
3k booking fees.

@edwin
no,i mean prominience,the signature is under other company!

Any units left? From how much?

more & more new condo projects in mainland, landed property appreciate value fast in future, i think better to buy & invest 2nd landed property in prime location.

look like nowaday mainland ppl prefer condo, landed property no such facilities, youngster like to stay condo, only uncle aunty like landed property because they cant swim ==

Impian Residence double storey just obtain oc new house 20×69 at Alma walking distance to tesco and future Jusco 400k only, this 380k for high floor + 20k carpark also 400k, any 1 interest can email to leebc84@hotmail.com, i will sent the photo to u.

@lalazai
i think u have little knowlege about landed property in mainland, many projects such as Taman Gemilang Permai by Airmas (that i bought), Carnation Villa by Oriental Max, Hillpark, Tropicale Residency etc equip with facilities such as swimming pool & club house.

Nowadays, uncle & aunty also bought condo, their purpose for investment i can accept, if mature people like them buy condo to stay i think it is not smart enough unless they can’t afford higher price of landed porperty.

@lalazai
youngsters don have enough budget to live in landed house; so, go for condominium. if have enough money, I will not go for condominium, but live in gated guarded landed.

Btw, no news on d’Square residence, GSD is smart to wait and sell higher price; with the housing price at record new high in Island, it is very easy to sell condominium in Prai with 1000sf for RM350k till RM400k.

@Ah Dog
New launch/primary market..Yes ! but not for subsale in mainland..

The signature luxury condo is residential or commercial title?

@nd4spd
Sold out again!! The new launch market in mainland is booming, see the same trend in 3 years back on Island, where all new condo or landed sapu habis during new launch, or need to queue for several days. Now no more in Island, but moving to mainland.

@nd4spd
Same comment in 5 years back when ppl said subsale of landed house in mainland no good, but new launches yes! Now, landed house in prime area at mainland is doing very good in appreciation, take a quick example, DeLink2 at Raja Uda area originally RM290k; but now at RM550k transacted original unit. Probably the subsale will also be good in future 5 years on condos at mainland.

Is there a masjib nearby the Signature? and the railway road is just beside the carpark according to the salesperson…

@wcl1988
Yes. Masjid just opposite the main road.

@wcl1988

Yes exactly.

What about the high tension cables ?

What about the high tension cables ?

Ya, i just search for the google map….the location is just in front Sekolah Kebangsaan Jalan Bahru…this was not inform by the salesperson….erm….

@think

From google map image, no high tension cable nearby…

Salesman did told me about that, thats why every unit’s windows will be built by double glazed material, which is sound proof.

@wcl1988

someone who buy unit here prepare to wake up early morning around 5:50am of muslim prayer, the mosque exactly opposite the condo.

This a bumi company, their customer mostly is Malay, so mosque is good for them.

Then this is good news for those malay buyers. They have the mosque nearby for prayer.

@meemee
not necessarily their customer mostly is bumi

This is another hype abt this project. Location is close to main road, surrounded by kampung and railway track.. Pls think carefully before purchase. The price around 400 psqt is not cheap..

Is it good for investment? The surrounding area not so good.

@Lam

@young
SVP Shineville park is better than this..

good for own stay. The land looks generously big, not like other high dense condo built on small piece of land. furnished some more. lucky the buyer. too bad i already bought woodsbury ><

I will pick this one if give me a choice between Woodsbury and Signature.

@EK
u pick the right choice of Woodsbury; The Signature located at extreme noise pollution area that not suitable for peaceful & relax stay, busy Jln Baru & noisy train on railways plus prayer sound.

Woodsbury environment is better than this one….you can go to the real location and have a look, the surrounding environment is not really good….

For those who looking a house near Jalan Baru, you have few choice can make, Laguna/Prominence/The Signature…

@John
Jalan Baru is not suitable for staying, it suppose develop as commercial centre.

Haha.. Jln baru might not be best location to stay, but is good location to invest. Example: My fren bought Laguna 1 at <200K but last month sold at 320K (just around 1000sqft), some more laguna just beside high voltage cable.
Prominence maybe nice for own stay, but not too good for investment. It is too high density + that road towards Aeon going to die soon … once jusco move out to alma. Do u think that Pakson can survive??? another uncertainty…
Opposite Signature got mosque. Hmmm…
Haha… nowsaday where got no mosque in M'sia?? every 1km u will see mosque, u not see now it doesn't mean future won't, just a matter of time. Beside Laguna also another mosque. u see island "the view" / "E-park" / "sunny ville" all neighbour with big mosque.
Now I stay <1km away from mosque, but I already immune.
Everything sure comes with pro & con, just a matter of which agle u looking at.
Just an update to u guys, i went to Sunway Carnival during lunch time today, The Signature less than 10units left.

@sam
for those already bought the unit here might regret one day, after OC obtained, a lot of subsales activities happen.

Buy Woodsbury lah.
So sad that Wellesley Residences no more unit already.
I can foresee Wellesley Residences will be KING OF CONDOMINIUM in mainland for another 10 years after it completed.
This one good also but for own stay or investment I just go for Harbour Place.
I was pilot every time I fly over Harbour Place, I know is difference from others.

Say what ever u want. .just went to sunway this evening..signature sold out already

Wow, so fast sold out. But no worries. For those interested buyers can still follow up. Sometimes developer will release units which they purposely “block” for higher cost. Or simply with excuses of loan rejected.

@ Mok

From my observation, there is no new project that have no sub-sales.
In my opinion, almost 60-70% of those who bought condo/apartment are usually for investment.

Another classical example : A friend of mine, bought De Centro (Raja Uda) for RM220K++, sold recently RM300K++. Good money what….

But lets be mindful ; He also got stuck with His another apartment (SP Setia) Sungai Ara.
Bought at RM400K++, wanted to sell at RM650K (NO BUYER SO FAR)

My conclusion here is, if your property is selling like RM550K and above, not many can afford de.
Besides, Bank are very reluctant to loan out money nowadays.

Just drop my booking. Nice unit and they did offer some special gifts such as air conditioners (1 x 1.5hp, 3 x 1hp, 4 ceiling fans, centralize water heater, build in wardrobe, kitchen cabinet + hood & hob, etc). The developer also rebate -8% and still got -5% for bumi discount. My unit is 12A-3A, just one floor below the sky garden. Is my neighbours are here?

wanmohdra

you sure are not… the marketing guys can always promise everything but the real outcome might be different ..

wanmohdrafiq :
Just drop my booking. Nice unit and they did offer some special gifts such as air conditioners (1 x 1.5hp, 3 x 1hp, 4 ceiling fans, centralize water heater, build in wardrobe, kitchen cabinet + hood & hob, etc). The developer also rebate -8% and still got -5% for bumi discount. My unit is 12A-3A, just one floor below the sky garden. Is my neighbours are here?

Congrats! Any unit left now?

@wanmohdrafiq

are you sure air conditioners with 1 x 1.5hp, 3 x 1hp ?

@wanmohdrafiq
bro, whats the price n sf?

Good project. drop my booking too!

@wkl

Well… They said all the offer items will be stated on SPA. Plus, the brochure also clearly states the specification. What most important, i dont have to crack my head for decoration since the unit is already come with build in wardrobe, etc.

@EK
My unit is 1087sqft, and i add another 1 side to side car park for my wife.

But the maintenance fee is bit high which is 20cents/sqft! The sales agent said because the condo is very low density (6 units/floor, 3 unit/wing) and comprises only 148 units. Well i think its a good deal though.

Location Sucks. Pinang Laguna is much better… Don’t think good for investment.

pinang laguna looks like a low cost flat ..same like the flats opposite of the hiway, besides the pacific…thats for sure.

One thing I like about the the signature is because it is low density and some more the land size is quite big and generous,the design also not bad ,but some how I think it is too close to the school,just now I pass through the JALAN baru I realize the building is just exactly beside the class room block ,and the behind it is the railway road already.in the end I choose prominence as I think the location for prominence is better overall although prominence is high density and the maintenance is also rm0.20 per square feet but it is managed by GE tan

@Cherry

Don’t la criticize on other ppl project. This is just a platform to share. Don’t use that harsh word!!! Every property comes with pro & cons.

I’m sure that u r Laguna buyer, and u also won’t feel happy if ppl criticize on ur Laguna. So pls don’t do the same thing on others.

The package is attractive, but the location not suit for me, so i drop this booking. Just wonder why the developer want separate build the carpark, waste a piece of land that can build another block. The salesperson can’t answer my question too XD s

@wanmohdrafiq

hi, we are neighbour then. agree with u. i purchase 22nd floor. i like this project so much. low dens with partial furnish. what a good project!

Just a dumb question, why do SnP would need to use the original price instead of a 8% rebate price ? Does that make any difference with i only pay original price – 8% rebate ?

@hl @wanmohdrafiq
I thought 12-14 floor is not open for booking ? those mark red in the seller file..

@Joan

I think you mistakenly look. The 14th – 16th floor is not open for booking. They purposely reserve the unit for official lauch. no specific reason why they reserved that units. Well, personally I am glad with my unit. Just 1 floor below the sky garden. So perhaps I just take secs to go up there ;p

@Joan

12-14 floor will be open during official launching.

@Cherry

Personally the location of Laguna project is better because closer to the brigde. Plus if you get a high floor, you can clearly see the sea. But the drawback is, you have to make a BIG u – turn if you are heading to BM. Either you make one round at megamall or make a u – turn at chai leng park.

I agree with berry, Laguna more looks like low cost project. Pinang Laguna has 16 units/ floor! then you also have front neighbour, which for me is not an extra point for you (less privacy). I think i do not make a mistake by taking this project. Very low dense, no front neighbour, and partial furnish. Good marketing strategy though.

@Joan
In order you can loan more with bank to cover your 10% downpayment…

Personally, I’m chinese and i don’t mind staying infront of the mosque. My house right now is facing the mosque which is only 100m away and is selling for 230k for 700sf in penang island. I have been living there for 18 years already.

Thanks johnson, anyhow, does 360k vs 420k affect legal fee and other fee alot ? Sorry i m new in this

hi everyone
is there any unit left?. ..what about bumi units? is there any bumi units left?. i read above comment that the developer is reserving the units for official launching? when is the official launching ? will the price be the same like the units which have been sold

thanks in advance

Mustafa, heard only 1 bumi unit being taken and I,m sure there will be more bumi units… Pls contact the developer… Let’s make a multi racial neighborhood.. This is a great project …

@Johnson thanks
by the way, is this SPA amount affect your legal fees etc ?

@mustafa

Hi. The official lauch would be somewhere around mid or end of October. There’s still a bumi lot and you can enjoy -5%. But for -8% rebate, don’t think so. And the price would be about 8-10% higher.

@Kris: I think that one unit you mentioned is mine. Hoho only one meh?

Good job @wanmohdrafiq

so excited to visit the show house!

@mustafa

Contact me if you are interested.
kcchong96@yahoo.com
Will keep u update once the official launching is fix.

@vicent12 Is the show house ready ?
Btw, which bank offer the most attractive loan ? Now starting to seek for loan..

the signature provided semi furnish to attract buyer but the location is too bad. That’s y i chosen Prominence since they concept not bad 😀

@Joan

According to agent, the show house gonna be on mid of Oct.
i also seeking for loan now, so far i heard maybank is better as it has semi flexi account for the loan. Correct me if im wrong.

@Vincent12
Thanks.. Heard that loan around ~380k CITI offer the best deal, not sure, havent try yet.. looks like still have couple of time to look for loan if show house ready on mid of October..

@joan
As the know the project only give local bank to do the end financing. Actually, I am banker, you may contact me I will do the best offer for you. Thanks 012-4597209

@Edmund
as i know there are few bank for EF, PBB, OCBC, CIMB (I think there is more)… By the way which bank u from ? 2.4 is the best ? Any idea to go beyond that ? ( I know it could be silly :P)

One of the most attractive package I have seen in the recent time…. That explains why the units were snapped up within hours… The investors can easily flip and make at least clean rm50k profit in the 1-2 years time…

All sold out except few units reserved untill official launching end of this year.i made bookings for 2 corner units at high flr.hope the double glazing windows n high flr will eliminate the noise.hope this is good for investment….

Can i know which bank is choosen for the end financing role for this project ? Need to look for the loan package.

Maybank, cimb, ambank, hong leong, … this is what i know

As far as i am concern, the jalan baru main road is quite a distance away from the condominium. It should be a good buy and the price is kinda cheap for a full condo facilities project. The only setback is the noise from the railway track, it is just located at the side of the railways track.

@Yea
Is ok, that why i believe developer offered a double layered windows…

Joan, you can drop me your number so that I can explain more details to you.

I’m edmund. You can reach me at this number 0124597209

@Joan
Overall, this is a good project. I guess i have just missed the boat, 😉

@boon7789
PBB mainland or island, just stated it here the best rate 😀
good thing must share with everyone

For those buying properties in mainland, just take note.

“…..With high-voltage power lines, the structure is believed to produce electromagnetic field (EMF) that is hazardous to people’s health. The exact measure of radiation exposure can be calculated by the voltage, current levels and distance from the property.

There have been a few case studies linking the home distance with detrimental health effects. The majority of experts advise pregnant women to stay away from such places to avoid possible health risks. If one still thinks of buying, then it’s best to acquire an EMF meter to test out the radiation exposure yourself….”

http://www.starproperty.my/index.php/articles/property-news/beware-of-environmental-factors-when-buying-a-property/

Anyone want to let go your unit, pls let me know…. We can talk about some under table money.

@Yap

We can discuss first. PM me: wanmohdrafiq@yahoo.com

@Joan

RHB offer BLR-2.50%

BLR – 2.5% is damn good offer..what criteria? With MRTA and lock in period?

@Condo lover

You sure? For RM1mil and above loan, can la.. The rest, i dont think so!

@condo lover
PM more detail, which branch, 0.1% difference in 400k is alot

Imposibble BLR -2.5. Thats for loan 1million and above

just called RHB, 2.5% confirm cannot get.. that is for 1M above.. btw, RHB banker herself also not sure if they are EF…

For RM400K property i bet u only can get best -2.4%, normally they will only give -2.35%.

@Joan
Sound (and vibration) can travel from the ground up, not necessarily through the air. I doubt that double glaze windows will help much. Regular passing trains throughout the day can be a nuisance. The good thing is that you won’t hear it anymore after some time. Thanks to mother nature, your ear will adapt. Double glaze windows only a gimmick to apease the buyer!

Any cimb banker to recommend? Any other EF banker here?

@Vincent12

Contact Megan Ang of CIMB
Team Sales Manager
04-539 0166 or 016-4102384

HLB banker called me, might can appeal for 2.45 😀

why this project does not include stamping fees and transfer fees for both sides developer and buyer?

@Joan
Don’t believe HLB, they always try to pull some time from your side and I tell you -2.45 not able to get one. they just hope that you not sign from other bank. HLB got No Ball at all when talking about housing loan financing.

Agree on moon walker, 2.45% is hard la..

Ok, i am applying PBB and HLBB now.. see what’s the resposne from both of them, any other bank go to go with ?

I bet your get better rate from HLB compare to PBB, my own recent experience.

From what u said, seems like PBB can’t even get 2.4….

If u dont mind 20 years mrta and lock in 3 or 5 years then they can give u better rate la..

lock in is 3 years first release, so i got no concern, only thing is to understand the MRTA package.. I will update here when i talk to the banker F2F

@Joan
i just met with HLB….offer 4.2%

HLB can be better rate than PBB ? Really ?
HLB only up to 65 years old and HLA MRTA usually more expensive.
Check with PBB whether this project is in their ADL or not?
Anyone try OCBC ?

Try also SCB Saadiq. Call Kenny Chuah. 012-478 9956.
(I’m not banker or related to any).

@Chocolate

Can you let us know the HLB vs PBB rate you got ? with lock-in period ?
And MRTA is needed to get that rate ? Thks.

Loan amount is same and result before appeal.

HLB -2.45%
MRTA minima, lock in 5 years

HLB -2.43%
MRTA minima, lock in 3 years

HLB -2.4%
No MRTA, no lock in

PBB -2.3%
No MRTA, no lock in

why no body go for ambank?

Ambank and Maybank. Which one is better?

@Vincent12

I personally feel ambank got a lot hidden problem although ambank gv the best rate to me. especially like extra payment, you will need to go to bank to inform them to deduct from capital else you wont really enjoy the deduct interest thing.
but if not plan to extra pay every month, then ambank consider good deal too.

i choose maybank due to its flexibility to pay n withdraw.. all done online by maybank2you, queue worry free. i dun like to queue at bank as their service is not so good (unless ocbc which got good service speed, but again, less branch available if need to check out something with them)

Chocolate :Loan amount is same and result before appeal.
HLB -2.45%MRTA minima, lock in 5 years
HLB -2.43%MRTA minima, lock in 3 years
HLB -2.4%No MRTA, no lock in
PBB -2.3%No MRTA, no lock in

Thks. Can appeal one ? ( I thought it’s final).
So, after appeal, -2.4% becomes -2.45% ? -2.45% becomes -2.50% ?
Lock in 3 years becomes no lock in ? Teach us, ok.

After appeal, -2.4% can become -2.6%, try hard my friend.

anyone want to let go unit? i want to know more about this condo

any1 know when is the exact launching show unit date? feeling excited

Interested :

Chocolate :Loan amount is same and result before appeal.HLB -2.45%MRTA minima, lock in 5 yearsHLB -2.43%MRTA minima, lock in 3 yearsHLB -2.4%No MRTA, no lock inPBB -2.3%No MRTA, no lock in

Thks. Can appeal one ? ( I thought it’s final).So, after appeal, -2.4% becomes -2.45% ? -2.45% becomes -2.50% ?Lock in 3 years becomes no lock in ? Teach us, ok.

Chocolate, Ok, serious question : You appeal ? and the result ?

U are getting your loan from agent or bank, right? So go and bang the table if u not satisfy the rate. Try to ask them to appeal for u. Of course u have to know what is your negotiation power with them. Normally we can play around the rate with MRTA term, lock in period, agent commission (not so nice la) and loan tenure.

@inv4win
Heard is 10th Nov 2013

tomyam :
@Vincent12
I personally feel ambank got a lot hidden problem although ambank gv the best rate to me. especially like extra payment, you will need to go to bank to inform them to deduct from capital else you wont really enjoy the deduct interest thing.
but if not plan to extra pay every month, then ambank consider good deal too.
i choose maybank due to its flexibility to pay n withdraw.. all done online by maybank2you, queue worry free. i dun like to queue at bank as their service is not so good (unless ocbc which got good service speed, but again, less branch available if need to check out something with them)

Hi tomyam, may i know what kind of the extra charge? example?

checking Maybank islamic
-2.4% with MRTA 20+2 yrs, loan term 35 yrs, no lock in.
is this a good deal?

@Vincent12

Not extra charge, is extra payment.
Means your instalment let say every month is 1k. you intent to pay 1.3k every month, extra RM300 to deduct the principle so you can save the interest, you will need to inform bank every time so they will really deduct it from your principle, else they are just put aside in another place and not really deduct it. When you want to withdraw the excess payment in future, also need to go to the branch and queue, while maybank have the flexibility to do it m2u.

some other bank who provide fully flexi also not bad. I heard citi full flexi now dun hv monthly charge as well, you can check it out.

I just dun like their offer letter wants to force people either sign up credit card, take mrta, write will …etc

@Yap
PM me:rajamannan85@yahoo.co.uk

@sam
Thanks for your info Sam

@Jess

you can try to appeal remove mrta if you dun want. -2.4 is pretty normal now, Islamic loan so long also no lock in.
if you can remove the mrta then is good one . (errr.. unless you wish to take the mrta then is good enough I guess)

the $$ for mrta I guess you can get more flexible term insurance outside. can rebate income tax and if anything, the money will gv to the insurer first instead of pay bank

@Jess

If I not mistaken it is also depends on your age. The max load tenure at 35yrs, how about the max age?
Before this when load tenure extend to 40, it was 70yrs for max age. This means if u r 35yrs old now, then u just able to get 35yrs loan instead of 40.
Hmmmm…. a lot of banker try not to tell u so much of thing first. Include like penalty % to dispose property within lock in period. So for those investor, then u might need to consider islamic load whereby no lock in period. All the banks also have islamic loan, just the banker never tell u.

@Jess

If I not mistaken it is also depends on your age. The max loan tenure at 35yrs, how about the max age?
Before this when loan tenure extend to 40, it was 70yrs for max age. This means if u r 35yrs old now, then u just able to get 35yrs loan instead of 40.
Hmmmm…. a lot of banker try not to tell u so much of thing first. Include like penalty % to dispose property within lock in period. So for those investor, then u might need to consider islamic load whereby no lock in period. All the banks also have islamic loan, just the banker never tell u.

@Chocolate

I think ur fren is buy >1mil property, else how to get -2.6. Or another possibility is ur fren is relative of high management of bank. Haha….

My experience: I manage to get -2.45 for 520K loan after appeal with few banks some more.

And pls don’t spread wrong info. FYI, no so call “agent commission” for new/under construction project. But if subsale, then yes it have but very minimum like 0.x% nia.

I’m not agent also not banker, but at least I go research and clarify before share with ppl.

@sam

Under Islamic loan term, bank cannot impose early settlement chargs/ penalty. But bank can charge unwinding cost. Unwinding cost is subject to bank calculate on Profit & loss made from your loan

Guys, seems like i read the last statements stated, MRTA is not compulsory. Let’s say if i dont want that, can it affect my chance of approval? Banker say yes, lol

They will still approve but higher interest.

@Joan
MRTA / MLTA is not a compulsory for sure.
Bank will not reject you because of the MRTA / MLTA you still give them business on housing loan.

@Invest Condo
Yea, agreed. But so far no for HLB/OCBC as I disposed my property before this.

Received information regarding show house unit and official launching on 2Nov. Anyone updated?

Yes, received the same update from RPPG

Hi @Joan , seems like you are one of the signature owner.
Mind to share how much you bought for the unit?

Haha, cannot, if i share, then u know which floor i am in 😛

well, whoever bought this as early bird can make money lor….now launching price def no early bird discount and rppg said the price def increase…luckily i booked one unit…anyone have signed the s&p??

You applied loan already? I am banker from ambank. Can call me at 016553468 if you need assistance on loan. Tq@marissa

Pls email me, i have a unit to let go tq

@ES
Which floor? How much u want to let go?

Anyone got thier loan approved already ? If yes, what bank, ehat details… mine PBB still pending

@ES

Hi ES, how much?

My loan Had been approved under HLA & Maybank…… Getting delay was mainly because the bank had yet receive the ES letter from developer… you could check with your’s banker for that….. AS i know CIMB & Maybank had granted the ES letter. HLA took me 3 week for the approve….whereas Maybank took me 4 day to approved only. GOOD Deal !!!

@JA
THanks.. Would u mind to advise the rate of both the bank ? What u mean by good deal ? Am looking for chances to get 2.45

I was informed that show house unit is delayed.

Hi. I’m first time buyer.

I understand that insurance like great eastern and other do have similar mrta as well. But the different are. There are additional coverage like 36 illnesses and etc… Where bank only cover for death and total permanent disabilities.
I’m first time buyer. Can anyone advice on this

@sam @tomyam
thanks for your reply.
i do not wish to take such a long loan. 35 yrs is long enough & the monthly payments is within my commitment.
I requested the bank to add MRTA. can you share what are the other insurance that is similar to MRTA?
loan offer letter need me to apply their Credit card and also saving/current acc with 5k inside.

@Vincent12
the news i rcvd is on the 9th Nov

@Jess

I plan to taking term life from MAAKL.(AKA Zurich)
Give an example:
For 1 year plan, protection of RM100000
If for Death/TPD and PPD, it charge RM124
If you need to include 36 critical desease it is RM360 per year. (max cover up to 500000)
*Subjected placing 1k in their investment plan to entitle this benefit. The price will not look at investor age.

The reason not taking MRTA is I always think when got some issue happen to us, i will prefer my family get the $$ first instead of bank. They will know which one is the priority to pay, let them decide but not pay to bank first. What we afraid most is actually not a direct death but normally critical illness which is dragging for unknown time is the critical one. So.. there is some other option beside MRTA. MLTA is better but too expensive, not all can affort that.

@Joan there is no way on getting BLR -2.45 while the loan is under 500 K…. Well Maybank had given a good deal which the loan can reach until 90 % compare HLA giving me only 89%…. Both offer BLR -2.4…. HLA had offer 43 K for reno Loan but Maybank no~~~ The approve speed for Maybank was really amazing… it took 72 hour…. Compare HLA “3 Weeks statue still unconfirmed”. Maybank is the great option as you pay extra in you loan account… the money will knock off the principle automatically. that why i said good deal from Maybank ^^ Hope it help.

@JA

I do agree Maybank loan is quite flexible : )
hongleong gv max 30 years loan and not accept my 35 years loan.

HLB only offer 30 years loan..:)

@JA
Thanks, as per what i understood from your statement, Maybank offered full flexi with 90% finance margin and 2.4% BLR deduction, right ?
If this statement is true, then does we have to been pay for those full flexi account admin fee like RM200 setup fee, annual fee 100 etc… Sorry never dealt with maybank before

@Joan
Maybank only provide semi-flexi, but CIMB provide full flexi.

But 1 thing i know about CIMB is, loan below 500k doesn’t have a good rate in term of BLR deduction (Not sure my statement is still true up to date)

@Joan

Maybank do not have full flexi loan, so do not have the pay the setup fee or monthly fee etc. But its concept is the most similar to full flexi. As you can pay extra anytime and withdraw anytime.
The difference i can think of is, for full flexi, you pay the monthly fees like Rm10. For Maybank semi-flexi, you still entitle in and out through online etc but each time you withdraw need Rm25(if not mistaken), if you are really the business man that money flow in and out weekly, then this should be enough for use, if for few years you not drawing, you save Rm10 each month.
* Personally think if you not plan to draw out more than 5k each time, just forget about it, else the charges consider a lot.

@tomyam thanks 😉
Yeah, that is my only understanding about difference between full and semi flexi.. If this the understanding, perhaps MBB offer quite good package actually… maybe is time to look for MBB banker.. Good news is what i udnerstood show house delayed to 9 november, meaning we can still determine to purchase another week delay, right ?

So far i did not apply for any loan yet, as my though is to have a look at the show unit first. Is it adviceable to did that way? How if I apply my loan to few banks (to see what is most benificial to me), but yet in the end i had cancelled few and only pick one, after receive an OL. Did any penalty/charges i had to imposed?

This is what RPPG agent told to do so.. of course, RPPG agent… M still looking for a better bank, any chances of 2.4 ? If yes what bank ?

You can apply few bank. After all letter offer come out already, you can decide on which bank to accept. No charges if you did not accept the loan. Thanks@wanmohdrafiq

Hi, our bank can up to BLR -2.45. If you interested, can drop me a call at 0165513468 or pm me at mmliangc1@ambankgroup.com . I am chuah from ambank thanks@Joan

@boon mind to explain, how to have upto 2.45% ? So far have anyone on this project got that rate ? loan amount is less than 400k

Hi, we have two cases from this project that got BLR -2.45 already. They purchase MRTA. The management will decide on it whether will approve BLR -2.45. Tq@Joan

@wanmohdrafiq

can apply but dun simply put down the signature then wont kena penalthy..
btw.. i feel when applying bank.. you need to apply in this sequence

maybank, ambank,citi, ocbc

why.. from past experience.. maybank take the longest time to process… sometimes after few weeks only have news depends on luck, if u apply to remove certain clause or condition.. few weeks again..

ocbc is the fastest one.. within 1 week confirm know result and get offer letter. and dunno why , their offer letter is like 50% thick of maybank.

got the 2.45 from ambank. got the offer in a week. but not yet get the letter to read.

@booka
Me too

@booka @penangkia
2.45 from Ambank ?? awesome ! Any hidden T&C ? because i see few post back, stated AMbank have some hidden charge post #143

No hidden charges. You can view our letter offer before you sign on the letter offer. All terms and conditions stated there. No hidden charges. Tq@Joan