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Investment Covillea Bukit Jalil, Berjaya Properties

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scrybe
post Dec 14 2009, 03:36 PM

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Hi Guys,

Just a quick qns!

As many of you are aware, Berjaya is offering the "Developer Bearing Interest Scheme" ("DBIS") up to 31 December 2009, where they will pay the interest on our loan during the construction period up to VP. However, nothing is mention in the S&P agreement.

My only concern is that in the event that the Developer fails to pay the interest (e.g. lack of cashflow etc (*touch wood lah), the banks will come after the Purchaser. If such a case were to happen, what would become of us purchasers? Do you think the developer will be able to set off this interest with the selling price?

Anyone with the same concern?
scrybe
post Dec 15 2009, 07:42 PM

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QUOTE(klang-valley @ Dec 15 2009, 02:52 PM)
In loan agreement you will see that the interest is 0. The current package is BLR-2.2% until end of this month. If you need to apply for a loan, please PM me now.
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Klang Valley,

You from which bank? I don't understand what you mean by 0?
scrybe
post Aug 17 2011, 08:59 AM

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QUOTE(Covillea @ Aug 12 2011, 03:32 PM)
Purchasers of Covillea:

1) Koreans [18 units: Block B - Entire Levels 9 & 19] - (B-9-01 to 09) & (B-19-01 to 09)
2) Kamalesh (B-15-3A)
3) Covillea (A-?-?): selling at RM850k upon VP - interested parties to PM.
4) kochin (B-23A-?)
5) korndamned (A-8-?)
6) hunters (B-6-?)
7) mok thye yee (B-12-6)
8) marcohoo (B-23-?)
9) danlim (B-?-?)
10) joe tham (A-10-?)
11) dumbshy (B-?-?)
12) weelong81
13) jiin
14) samau
15) coolfeet
16) KennyChoong
17) nkhong (A-23A-?)
18) grhunter
19) JT (A-12-?)
20) JackIII (B-?-01): selling at RM850k upon VP - interested parties to PM.
21) tay (A-10-?)
22) scrybe (A-18-?)
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