bro king, which web hosting do u get from for this price?

thank you
now i got two source of information

i calculated all unit available in phase 2 is exactly 464 units.

Good question... some of the clause may stated but I'm very sure I read a clause stated developer will bear all the interest until completed. Another clause is if the developer fail to pay then buyer need to pay.

But I didn't read such statement after go through 3 times before sign. Have to read again.

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Added on January 16, 2010, 10:37 amI got only 40%.

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Added on January 16, 2010, 10:38 amwww exabytes com my

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Added on January 16, 2010, 10:44 amI thought phase 2 have 600 over units?

This post has been edited by king4891: Jan 16 2010, 10:44 AM

Im not sure on how they calculate on the first three years interest during construction period, esp On how much developer contractually have to commit to pay the interest... Up to what extend. LYN member who understand this better, may be could explain here for the benefit of everyone.

But on the remaining 18 months after the VP, what I understand is, developer will pay up to 7.5% maximum repayment over 18 months.

For example (which taken from their EZPC promotional material);

If the property cost RM 205,888.00:

7.5% from 205,888.00 will be RM 15,446.69

As the payment is spread over 18 months, it reflects RM 858.15 per month

Point to be noted here is, in what ever BLR rate (as BLR flactuate) and no matter how long or how short your loan tenure,

Developer will only liable to pay the buyers max of RM 858.15 per month over 18 months after VP for maximum of RM 15,446.69 only.

If your [U]monthly repayment is more than RM 858.15, you have to add the balance by yourself with your own pocket money.

But I am not really sure what happen if your monthly repayment is lower than RM 858.15, either developer will still pay you RM 858.15 per month or pay less according to your monthly repayment. Again, I need LYN member who really understand this to explain this portion for the benefit of everyone.

Let's Unite Together and Walk the Talk! Together Build A Harmony Environment for Our Future House... Smile

This post has been edited by fiecks84: Jan 16 2010, 11:16 AM

My understanding on the clause.

Developer will bear all the interest until completed (If after 3 years then bank lawyer will need to send another agreement to developer to sign for continue bear the interest) but if developer fail to pay the interest (in this case most probably the developer going to bankrupt or pending take over from other company) then buyer have to bear all the loan amount and interest.

After VP, developer will rebate 7.5% of your purchase price over 18 months. Like your example is RM858.15 per month, you will receive from developer every month (may late or early than your repayment to bank date). Developer will not check your monthly repayment amount whether over or lower compare to the monthly rebate. The bank will not care the developer pay you or not. Bank repayment you will responsible. Developer not pay also is your reponsible to chase for it.

Your rebate will be forfeited when you sell the house because the rebate bind with your name only.

I know is not professional but hope you understand.

This post has been edited by king4891: Jan 16 2010, 11:44 AM

Got ur point King4891

So long it is understandable, its good enough for me! Thanks


I just check back my Sale Agreement since i hate being one of the speculators here how its being written;

7. The promotion shall mean that the Vendor shall undertake the following payments :-

(a) Interest

The vendor shall pay to the Panel Financiers the interests chargeable by the Panel Financiers in respect of disbursement of the Loan during construction period of the Parcel up to the date of delivery of vacant possession of the Parcel as defined in Clause 27 (4) of the Sale Agreement as and when they are due at the amount as shall be billed by the Panel Financiers.

(b) Monthly Payments

(1) The Vendor shall pay to the Purchaser a sum of equivalent to seven point five per centum (7.5%) of the Purchase Price ("the 7.5% Benefit") of the Parcel in eighteen (18) equal monthly installment ("the Monthly Sum") commencing from one (1) months from the date of issuance of the permanent Certificate of Completion and Compliance. ("the Fixed Duration")

(2) The Purchaser shall still solely bare the onus to service the Loan repayment to the Panel Financiers as and when they are due pursuant to the terms and conditions in the Loan documentations.

(3) The Purchaser acknowledges that the interest rates, margin of finance, loan tenure, fluctuations or variations affecting the loan repayments as shall be agreed between the Purchaser and the Panel Financiers shall have no effect or bearing whatsoever on the Vendor's obligation herein.

8. The promotion undertaken by the Vendor pursuant to Item 7 above is subjected to the following conditions :-

(a) that the Purchaser shall comply with the terms and conditions in the Sale Agreement and shall not commit any default in any of his obligations thereof at all times;

(b) That the Purchaser shall have no liberty to negotiate on or determine the timing, duration or amount of the repayment of the Interest or Monthly Sum which are rights exclusively of the Vendor's. The Vendor shall have the right and discretion to vary the terms thereof with the Panel Financiers and pay to the Purchaser in lump sum for the 7.5% Benefit at any time before the expiry of the Fixed Duration;

© that the Vendor shall in no circumstances be deemed as a party to any loan agreements or security documents in respect of the Loan;

(d) that the Purchaser shall not be further entitled to participate in any other proposals/ promotions that are or may be offered by the Vendor.

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It looks fair and square except Item 8 (b)...

I re-type this for the benefit of everybody as I encourage sharing among us. So, we have something benefit to talk on! rather than talking like an empty can!

Buyers for Phase 2 also now can understand what the developer has to offer, unlike us, the Phase 1 buyer, still blur blur at that time...

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By the way, any buyer here in LYN has Facebook? Would like to keep in touch further till our Property fully completed! May be could PM me..

This post has been edited by fiecks84: Jan 16 2010, 01:37 PM

any update on the unit availability on phase 2 for today?

me too, 40% from henry lim & co.

Tower 5 not much left. Not sure what so hot about tower 5.
Tower 4 some scattered
Tower 3 still plenty. Not sure why tower 3 not in favour.

Best loan so far survey for own stay is UOB and OCBC. Anyone beg to differ?

This post has been edited by ch_leong: Jan 16 2010, 04:57 PM

Guys, This is at 4pm Sat 160110 Juz back from the showroom!




Tower 3 (Block B5)

Looks like lots of M type still available here... but L type gone!




Tower 4 (Block B7)

Selling fast! Not really, lots of M Type still available anyway...




Tower 5 (Block B9)

Not much selling for L Type for Block B9... But the rest are doing well! Mmm...

This post has been edited by fiecks84: Jan 16 2010, 05:07 PM

aiks. maybe i bump into u just now kekekeke. I was there also surveying the loan.

Phase 2 price slightly steep for L and M. Maybe thats the reason slowing moving guah

This post has been edited by ch_leong: Jan 16 2010, 05:14 PM

the price still reasonable.

Aiyaa... should wear LYN tag lol so that u can recognize me! Anyway, I bring my parent to have a look at the unit! To cut it short, they like it

Based on my observation, the crowd is not like last time, but still lots of people. Thou a bit funny when heard they called a number using haler. The sales look good thou, as this is only its second day. True?

Saw a sample of 2'x2' tile in the sales office today...

only two days, consider very hot lo. . .

Which law firm are u referring to?

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Added on January 16, 2010, 9:19 pmTee Bee Kim only give 30%..so little...

This post has been edited by gstrapinuse: Jan 16 2010, 09:19 PM

According to the `DEED OF MUTUAL COVENANTS`,phase 1 got 464 units and phase 2 got 656 units,so 464 + 656 = 1120.

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Added on January 16, 2010, 11:02 pmMost people are tower 5 than tower 3 and tower 4,because tower 5 only have 12 units per floor,while tower 3 and tower 4 have 14 units per floor.U will understand this when u c the layout plan for tower 3,tower 4 and tower 5.

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Added on January 16, 2010, 11:05 pmThank for ur pic.According to the SA,developer r giving us 2 x 2 tiles for each unit.It will b better,coz bigger size of tiles will make our unit look bigger than smaller size tiles.

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Added on January 16, 2010, 11:10 pmYalor,the price for M and L is a bit higher that y it is taken up more slowly compare to type S1 and S2.

For information,there is an open surau opposite the tower 5(for the unit with balkony facing the terrace house).Sorry i`m not showing any offence to our muslim fren here,jz for the information purpose only.

This post has been edited by chris lee: Jan 16 2010, 11:10 PM

Hi,

What discount u referring???

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Added on January 17, 2010, 12:04 amDo all Phase 2 customer get 2 Air con & glass shower room, coz I booked M unit B7-Bx-0X, SA never say anything about the promotion

This post has been edited by giz: Jan 17 2010, 12:04 AM

Loan agreement...

hi all.. i oso booked a unit at tower 5 type M on Friday...but a bit pricey...
not sure i made a right decision or not ...

those who bought phase 1 is a good deal!

which bank provide the best loan? got discount from lawyer?