Anyway, the SA are not knowledgeable enough... i think they shall improves this for the phase-2 launching...
In fact, i have also share this to the 3 daughter. hopefully i can see the improvement later !!!

i haven't got any bank offer yet

can anyone share the loan package? say interest rate, locked in period, flexibility and others of SCB, UOB, OCBC, CIMB and PBB?

which is the best?

at least tat is some similar point there,phase 2 going to increase at least 25k or 10%!!!!!

If it is true phase 2 will increase 10% then after completed will increase another 10%. Hopefully Peter's will come out more highend project at the area to boost the appreciation.

This post has been edited by king4891: Dec 23 2009, 11:59 PM

Saw 1 lawyer, ready to arrange SnP signing today

The problem is now I am trying to get Islamic Loan for this promotional scheme, is it possible. Trying so hard with PBB, I am waiting for their answers.

Can any buyer line out which one need to pay on top of the price
legal fee, so and so... which one can be included into the installment, which one don't

I know Legal Fees disbursement to Solicitor RM300 recommended paid by cash, does that mean cannot be included in the installment



2 parts

1 - loan agreement

MRTA which is compulsory
(not remember clearly, need to open my book again)

2 - SnP agreement

mind to add




By the way, these projects developed by Peter Holdings, maybe informative, SA of peter also came from Ipoh Branch

PJS1
Shoptlot - 74 Shop Office
Damai Senja
Low Cost
Papillion, Taman Desa [ under construction ]
Bukit Tenaga

i maybe misspell

my banker told me that if i want my lock in period start from construction time (1st time withdraw), then i need to do installment b4 the condo is complete, for my principle even though the interest is paying by the developer,

so if i only wan to start my installment when i get the key, the lock period need to count from the date i receive the key.

is that correct?

"so if i only wan to start my installment when i get the key, the lock period need to count from the date i receive the key.

is that correct?"
yes correct but your desire will cause you no chance to get your key, because developer doesn't get your loaned money to build your house. developer will sell your booked house to someone else.

any advice?

Hi estherlo,

I will update here all the banks offer letter once I get it... but most probably on next Tuesday.

yaka

i tot that the sum will be paid by the bank to the developer according to the progress. I know that because my mother in law have been paying cash, developer asking for payment for each architect signed the progress report. have a look in the booking slip

i see there is a plus for the developer.

1 - 10% downpayment.

2 - Since you have secure the loan for the said property before 14 days, that mean developer have secured 90% of the rest.


you pay early or late, it is your thing between you and the bank only. Because anyhow, the developer will surely received their money if the project is progressing.

Ppl always remind me, Loan is a thing, whereas SnP is the other. Both different. loan is the connection of you and the bank (to be paid to developer). The other one is SnP is between you and developer (also confidence of bank the said developer can deliver).

On the developer side, your secured loan is connected developer and the bank. And developer is tied 36 month completion and accessory with you using SnP.

Developer part buyer need to pay for RM300 only. I think this cost cannot include in your loan except developer agree.

Most of the bank do not have zero entry so the Lawyer fees bear by buyer. I think around 2.8k to 3k which you can include in your loan. MRTA too can include.

PBB told me that only allow 5% of your total loan for lawyer fees and MRTA. E.g. 180k allow only 9k to include.

I recommended you to take MLTA because after maturity can get back the total amount paid + interest. You can opt for monthly repayment. OUB not compulsory.

---

Added on December 24, 2009, 12:23 pmYes, that's the bank strategic all the while..... use to it...

This post has been edited by king4891: Dec 24 2009, 12:23 PM

can get back the MRTA after maturity? This is the first time i heard about it

Cost excluding Developer Price

1 - Loan

Stamp Duties RM5 per thousand borrowed money / 0.5%

Processing Fees RM200 (for loan higher than 100k)

MRTA / MRTT (takaful) / MLTA RM???
[ depends on age + loan amount + etc i am not sure ]

2 - SnP

Stamp duties 1% RM0 (paid by developer)

Disbursement Fees RM300 (which is the lowest I the schedule)

MRTA cannot get back anything after matured. When refinance the property, you need to cancel the MRTA from old bank and get refund calculated from the day cancel to maturity day. Then you need to purchase new MRTA from new bank.

MLTA can get back the sum of money in full plus interest. When you refinance, no need to cancel and buy again.

If the bank MRTA or MLTA not compulsory must obtain from them then you can ask your insurance agent to provide you MLTA.

fine,
so far
now i get l2 etter offer from bank
CIMB, BLR-1.7% and
UOB , BLR-1.85%


any others bank will get better rate from this??
still waiting

you overlook the alphabet "R" and "T" MLTA got maturity instead of MRTA. hope link links - http://forum.lowyat.net/topic/410824 help

Standard Chartered

We are the bank panel for this 1120 project where the developer will bear the interest during the construction period (3 yr). Subsequent 18 months, basically customer need to pay the installment upfront then only the developer will rebate to customer every month.

The lock in period is 5 years @3% penalty (once refinance or sell out property within the yrs).

This is non zero cost package where customer have to pay loan agreement fees by themselves.

The lock in start from the date you accept our bank offer letter.

---

Added on December 24, 2009, 2:25 pmI'm wonder why CIMB was over quota... the blr minus % is the worst compare to other bank.

This post has been edited by king4891: Dec 24 2009, 02:25 PM

Stay within 1km to 1120 project site since 10+ years ago but only got to know this project yesterday. Frankly speaking there is a lot of development in Sri Sentosa/PJS1 area in last 2-3 years. Personally I like this area very much but wifey has other thought.

Anyway I'll be moving out to Bukit Jalil next month. Good luck to all buyers.

This post has been edited by patricktoh: Dec 24 2009, 04:01 PM

OCBC just confirmed that they are revising their offer as lots of demand comes from the owner...

OCBC now offer me and all other -1.85% below BLR!

Really like Xmas present to me in the Xmas Eve

It just that, the lock in period is starting from the first drawdown, not like SC, the lock in period begin on the signing of offer letter. That's all the diference, but I believe that the difference is only few months...

Great... thanks for the information.