very clear explanation....tqvm vincemy...

look at this progression, hope everything go smooth n we cn get our unit by end of 2012!!!

Hi all, WYSIWUG that is "what iyou see is what you get" From a business standpoint. A developer will not entertainment variations as he cannot jepordized his commitment to deliver. Unless you know Peter personally or the property are of very high value where it is factored in.

my lock in period for loan is start from first draw down day.

definitely not a good news for me if they keep on using their own money instead of take from bank

Hi tzekchai

Load bearing wall is a wall that bears a load resting upon it by conducting its weight to a foundation structure. I am not sure if it will be precast/prefab RC wall or cast in situ as an integral part of the structure. But you are right, because either way, it will be difficult for any additional points unless they can be determined early before the standardised formwork panels are fabricated. Renovation will also be very difficult as we will not be allowed to even nail or bore a small hole into the load bearing walls. Determining which wall is load-bearing will be tough without the as-built plan or the guidance of the developer. The 2nd phase purchasers are luckier as their units came with installed aircons which will have their power points and ducting built in. So what do we do? We can try to 'persuade' the developer to accommodate our requests before their formwork panels are fabricated. Cheers

I thought the air con does not come with installation? Meaning we have to install it ourselves? Do correct me if i'm wrong...

Hi Lamode

I believe you have heard about the "time value of money" concept that a Ringgit you have today is worth more than a Ringgit tomorrow. The reason: today's Ringgit can earn interest by putting it in a savings account or placing it in an investment. The longer it takes to get RM1, the less it is worth today because interest is being lost. Also, if you look at your future earning potential, it will definitely be better than today. So in theory it is better to delay payment to a future date as long as you don't have to pay high interest for the debt and since your salary will increase over time, the instalment amount will get proportionately smaller compared to your future earnings, ie you will feel less pain with each advancing year. Another positive view is that you can invest or deposit your Ringgit (which you have set aside to pay the instalment payment) to earn extra interest income now. If I were you, I would be jumping with joy to have such good deal.... and I am jumping with joy

This post has been edited by vincemy: Feb 28 2011, 06:41 PM

Ya Vincemy's right. It's good to have a window to delay ur capital expenditure and allow it to grow a little more.

Btw, don't forget money gets smaller in the future due to inflation, starting to pay later and in the same sum, definitely is better than paying earlier.
Of coz this only refers to good debt

Ya. Totally agree. The price of house in Klang Valley is crazy. If Government no take action to do some thing, sure in the future, a lot of ppl not able to even buy a flat...

no doubt tat is correct and very well said

but my initial plan is to cash out as soon as lock in period ends for other investment, the sooner the better.

ya.. good luck as there are hundreds of ppl with the same thinking too

is it? I planned to keep it.

Yeah, I intend to keep mine too.

BTW, I did not take any pictures last week as I was out of town. I understand from my friend staying nearby that there is no further visible progress except that they were erecting the columnar rebars. Hopefully, by this weekend the workers have completed the formwork and if they do, I will endeavour to take more pictures to share in this thread. Cheers

anyone want to let go their unit ? PM me yaa .tq

Attached are the photos taken today. The site was full of activities despite today being a Sunday (13/3/2011). Looks like they are now accelerating the progress which is good news for all purchasers. You will notice that the ground floor of Block #1 & #2 had been concreted and the workers were concreting the ground floor of Block #4. The workers were also erecting the steel formwork for the shear wall in Block #1. Most of the rebars for the columns were already erected and I believe they will soon erect the formwork for the columns for concreting. Cheers

This post has been edited by vincemy: Mar 13 2011, 06:04 PM


Attached thumbnail(s)

the cloud in first pic of second row looking nice on a relax sunday

Yeah, I am pleasantly surprised that my Blackberry 9700 can take such good pictures. By the way, I took some of them on top of the staircase behind the Petronas petrol kiorsk. Cheers

ermm....not yet build 1 floor? it lauch end of year 2009 till now..

Went to the site this morning as well. It was rather unusual that the developer has opted for RC wall as fence. Good for us buyers.

bro, thanks for the update:) everything looks good!!! cheers

M Type unit to let go. PM me if u interested.