Seeing Feng Shui not only from one aspect.. I am not an expert after all.. haha..

From what i know, "facing" is refer to the main door where the door u come in to the house.. not the balcony..
it also reflects from ur (house owner)'s LIFE, namely "MING"(in chinese), on which facing (N,S,E,W) the main door should faced is good to u (him/her).. in short, dif ppl having dif aspect and dif way.. cheers..

Scientifically, balcony facing west = master room facing west = sunset sun.. thats all
Metaphysically, kindly look for Fengshui Master .. haha.. I can recommend.. =P

SA selling property only look for $$$ they can earn from the commission.. where got tell u which facing is good to u.. Unless they station some fengshui master there to recommend the buyer(s) which unit is best for them lo.. LOL..

waaa.if there is a feng shui booth at the 1120 sales office,sure the feng shui master will untung a lot.haha.all the puchaser will consult the feng shui master for a better unit.hehe

Hi, wish to ask if buy this unit for investment.

1) The completion is 2013, then from now till 2013 no need to pay the installment and interest will be bear by developer right?

2) 18 month free installment by developer after completion?

3) What does leasehold mean? and compare to freehold? Any pros and cons?

4) If buy this condo for investment, we will resell it. Is it after the completion or can be done during development?

I'm new to this area. Hope someone can clarify this for me. Thanks.

1) The completion is 2013, then from now till 2013 no need to pay the installment and interest will be bear by developer right?
Once confirmed ur booking, pay 10% down payment and u don need to pay anything for 3 years until u received ur key. Developer will pay the interest. installment starts after u got the key.

THEN

2) 18 month free installment by developer after completion?
After 3 years and received ur key, developer will pay ur payment as follow: rebate 7.5% of ur property price and pay u over for the 18 months.. u may need to fork out some money to pay the balance if ur laon repayment is more than what developer will cover..

3) What does leasehold mean? and compare to freehold? Any pros and cons?
Leasehold is that u hold the ownership of the property for 99 years from the date of purchase while Free Hold is u owned the property (land) forever unless u sell it.
Pros and cons is see whether u buy the property is for own stay or investment. Also depend whether that area can help in appreciating ur property or not..

PLS CORRECT ME IF I'M WRONG

4) If buy this condo for investment, we will resell it. Is it after the completion or can be done during development?
I buy this property for own stay, no intention to sell.. anyone can help in this question??

Hope it help and correct me if i'm wrong..

CHEERS...

the facing of your house or condo is taken from looking out from your main door.

so in this forum many ppl say those units facing east have better take up rates because of morning sun, but in fung shui, the unit is actually facing west not east.

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Added on February 2, 2010, 8:37 pmAddin a few more points:
For point no 1: only if everything is going smoothly.
For point no 2: the developer will pay buyers 7.5% within 18 month after VP. it doesn't says how and when they will pay. so buyers might have to pay the loan first.
For point no 3: for lease hold the 99 years is date from the title issued.not when u purchase it. normally after VP there is about 93-95 years left.
For point no 4:ya you can sell the condo during construction stages.or after VP

This post has been edited by 106127: Feb 2 2010, 08:37 PM

Thanks for the info.

Btw, if the project failed or it cannot be complete before the completion date, then what are the consequences?

Then will make the sales office even worst then Pasar!!!!:P

For point no 4:-

You can sell the unit before completion but must inform developer regarding the sub-sale. If you sell it during the 3+1.5 years, then the interest and the 7.5% will not be paid by the developer anymore. This offer tie to the 1st purchaser only.

you will have to repay the loan, int, lawyer fee, etc etc even though you dont get ur condo.

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Added on February 3, 2010, 12:34 pmyou mind sharing with us which part of the agreement say so?
i dont find it anywhere

This post has been edited by 106127: Feb 3 2010, 12:34 PM

Anyone know when is the condo completion date? by S&P, it should be 36 months

E.g.
Jan 2010 - Jan 2011
Jan 2011 - Jan 2012
Jan 2012 - Jan 2013

So probably by Jan 2013 we shd be able to get the condo?

Wrong. From iproperties, i found this: "1120 Park Avenue is scheduled for launch in December 2009 and is targeted to be completed by December 2013". I wonder why they need so long to build this condo? by the time they finish this condo my son already can study in primary school.

I don't think by December 2013 because they only have 3 yrs (for condo while 2 yrs for landed property) to build from the signing of SNP (counted in VP and OC, it must be less than 3 yrs timeframe). If they built later than the 3 yrs, we can ask developer to compensate the interest to us. The latest they have to complete the building is before sept 2012 for phase 1 buyer since we sign snp around sept timeframe.

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Added on February 3, 2010, 5:15 pmSorry i mix up. they should built complete with OC before Dec 2012 for phase 1 buyer as we sign snp around dec timeframe. Not sept timeframe.

This post has been edited by sk00: Feb 3 2010, 05:15 PM

as i know...if the developer dont have money to pay their contrators in time...the sub-con. wont start the jobs unless they receive money...so maybe they'll delay the finish contruction

This post has been edited by 211445: Feb 3 2010, 06:50 PM

Oh then 2nd buyer can't enjoy this benefit anymore?

oh then this is the risk buying uncompleted property?

After completion, anyone can predict this property can exceed 350k in market value? What is the current purchase price? 200k+?

Yeah if they never pay the money to the sub-con they will delay the finish construction. But if they delay it is good news for us cause we can claim the penalty charges as stated in SNP provided that the developer dun run away.

yes this is the risk.
the resale value will be close to 260-280psf after VP.

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Added on February 4, 2010, 12:30 pmSK00, you seems to be so happy to claim from them?
i wish u good luck in ur other property la..

as for me .. i perfer they give VP in 21 months.
18 months construction, 3 months to give VP

This post has been edited by 106127: Feb 4 2010, 12:30 PM

If not mistaken, I read it at the supplementary letter they gave us to sign regarding this special discount package. I have to check again, dont have to the letter with me now.

No no...i am not happy when the property get delay or wat? My meaning for that is if and only if the developer delay our property, we got our right to claim from them. Based on the last post that the estimate date of completion is Dec 2013, this is not acceptable since SNP stated that they only have 3 yrs to build up.

I am more than happy if they can deliver to us earlier.

im going to the site tomorrow to sign the S&P, will update you guys on the sale status.

but if they did offer some freebies, then i think many would just cancel their early bookings, pay the RM500 penalty and re-purchase with new freebies.

Awaiting for your reply. Interested to know what freebies they offer. Thanks~!