Primrose road is being tarred as we speak

the kerb for owner to plan trees seem much larger than normal. On the way back to my hse Olivia i can see they are putting the final touch on the road & it seems like they build this road for 3 proton savy or smart car to pass thru
only....IOI u r making better driver (in parking) but b4 that lots of bumper cars around

ya.....they have tar the small lane behind the last row of Primrose facing Olivia, however abt the small piece of slope land, any developments on dat ? seems a bit wasted though

for kiasu one, they might want to mark that area as their kebun for sayur-sayuran.. i saw some in bpj even build fencing around their kebun to mark as "their territory"

well......dats funny

again....is there no official BPP club house ??? gosh...BPP has condo, apartments, dsl, semi Ds n bungalows...but no clubhouse with facilities

yes CIMB told me .... the "vacant state" by IOI means = 80% of $ disbursement

so i wanto find out it is becos IOI set the policy ? or CIMB?

Isn't the VP already stated in the S & P?

noticed that recently got lots of police patrol in bdr Puteri puchong....but also heard lots of robberies,
car stolen case.....

not sure whether those cases happen in Bandar Puteri but I did saw them place road block after the Serena show house area.

so if S&P stated VP = 80% so disregard which ever bank also will be charging when reach VP or 80% rite?

other serena buyer care to share?

my loan package with cimb is different. Actually i start to paid interest to bank already since last three month...my package is flexible OD ...if i got money and pum in the equavalant amount what ever amount bank have release to IOI, there is zero interest. But if the money in the A/c is lesser than the amount which bank already paid to IOI, i need to paid interest on the balance.

The 80% is at the agreement with IOI....incase there are no zero interest rate by bank package that you take...then the interest will
be absorb by IOI until 80% of progress...but later buyers need to pay the interest...but now there are many banks with their own packages
and some with 12/15 months 0% interest which is better than the package given by IOI...then you enjoy 12/15 months 0% interest and it stated
in your loan agreement with the exact date duration for the 0% interest. ..but you must make sure they stated the exact date that you will enjoy the 0% interest... some of the bank just give 0% interest for 12 months(no date specify) or 80% completion or which ever is earlier to enjoy
the 0% interest.

IOI progress very fast then you must make sure the date for 0% is specifies..not just stated there 12 months or earlier...the loan agreement
always the one need to follow as you own debt from bank not IOI....the 80% is only agreement between you and IOI...and IOI will pay the
interest if their project not reach 80%...thats is the reason their progress so fast because to avoid absorb the interest incase bank does not
offer better package to buyers.

This is not only for IOI but many project outside also offer the same...think of condo then 80% is a longer period than 15 months. Condo usually
take approximate 3-5 years. Then Buyers will benefit from the 80% not the 15 months...

This post has been edited by Cyberiq: Aug 7 2009, 10:24 AM

pls update me....is serena only hv 2 rows of hses???

Thx, so even SCB stated only start paying when FULL CF is BS?

basically everything comes allign to 80% ..... am I rite?

Most loan starts installment after full disbursement.. 100% fully paid.
If you look at the S&P, at 80% you got all the road, drains etc ready... the final 20% is when developer handover VP.
Based on ioi track record, upon the completion up to 80%, the house actually ready for VP... so they will bill the last 20% together.

Hence, I believe that's the reason why ur banker said the ["vacant state" by IOI means = 80% of $ disbursement].

in case there is something missing between the 80% stage and VP, only after the last 20% paid then you start installment.

This post has been edited by trojant: Aug 7 2009, 02:50 PM

No they dont. More than 2 rows, especially at the back.

if u look at their IOI master plan,its about 14 block of houses back to back to the Zarra project.

start paying when FULL CF means you pay ur installment when 100% upon release ur loan or 100% house completed.
..not tie to 80%... 80 % completion terms only apply for interest rate calculation for 0% interest period unless in your
agreement clearly stated the date that the bank offer you 0%...then the 80% terms will not apply...let say now u buy
Serena which i think already 60-70%, then 80% will not give u any benefit...better just get the exact date u will enjoy
the 0%.

very easy..just have appointment with banker at any project than u will know better...different bank different package.

This post has been edited by Cyberiq: Aug 7 2009, 04:47 PM

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This post has been edited by beanrider: Aug 7 2009, 11:02 PM

so it is 0% for 12/15months or which ever comes first huh? hmmmm