conditional, pmed you
1120 Park Avenue - PJ South, any comments?
1120 Park Avenue - PJ South, any comments?
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Jan 7 2010, 11:28 AM
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#41
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conditional, pmed you
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Jan 7 2010, 07:24 PM
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#42
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QUOTE(iceanise @ Jan 7 2010, 02:56 PM) erm...tak tau la....i am confortable with the terms....so, i will probably take pbb.....8 years is not a prob for me.somemore, we until now, we dunno whether first disbursement is equal to full disbursement or not disbursement indeed the percentage stage10% and so and so first disbursement is 1st 10% completion full disbursement is 100% completion Added on January 7, 2010, 7:38 pm QUOTE(fiecks84 @ Jan 7 2010, 06:50 PM) done, pg 30This post has been edited by AbangCorp: Jan 7 2010, 07:38 PM |
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Jan 7 2010, 10:56 PM
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#43
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Jan 8 2010, 10:06 AM
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#44
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QUOTE(KChan @ Jan 8 2010, 02:52 AM) I just got my PBB. Rate is -2.00% and 5 years lock in period. Anyone got the same thing? perghAdded on January 8, 2010, 2:54 amAnd also I got this clause:- 3. The bank shall bear all solicitor fess, stamp duty and disbursement fees in relation to loan documentation subject to a maximum of RM 25,000-00. So does that mean I dont need to pay any legal fees? Added on January 8, 2010, 3:24 amNevermind, I just saw the cover page says its "free legal documentation package" that is a very good rate your rate compare to -1.9 (save a few thousand) you like having free legal fees, paying at -1.9 ____________________________________________________________ chris lee added, page 30 __________________________________ taken from somebody post Phase 1 should be no more than 476 units based on the calculation 17x14x2=476 (lower grounds have less than 14 units per floor). And Phase 1 & 2 in total are 1120 units. That's where the name 1120 Park Avenue comes from 30 / 470 = 0.063829 * 100% = 6.38% 1120 pa buyer are lowyat member This post has been edited by AbangCorp: Jan 8 2010, 10:16 AM |
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Jan 8 2010, 12:43 PM
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#45
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Jan 8 2010, 07:19 PM
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#46
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Lets make sure our condo finished on time
1 – graneon pg 1 post 16 2 – legolas pg 1 post 19 B3-XX-XX (facing west) 3 – 0106127 pg 2 post 22 4 – ethan99’s friend pg 2 post 23 5 – ethan99 pg 2 post 26 B1-XX-XX 6 – ausmat pg 2 post 31 B1-XX-XX 7 – borebby pg 3 post 46 8 – cheraspeople pg 3 post 48 9 – limyusiong pg 3 post 54 B1-09-XX (L unit nr 1, 14) 10 – gstrapinuse pg 3 post 57 11 – legolas’s friend 01 pg 3 post 58 B3-15-XX 12 – legolas’s friend 02 pg 3 post 58 B3-16-XX 13 – colt45 pg 4 post 61 14 – aliciaqsp pg 4 post 69 B1-12-06 (s2) 15 – klkow pg 4 post 70 B3-11-13 (S unit) 16 – sk00 pg 4 post 76 B3-XX-08 (m) 17 – iceanise pg 5 post 81 (m unit nr 7, 8, 9, 10, facing east) 18 – sarsi00 pg 5 post 87 BX-11-XX (l unit nr 1, 14) 19 – trextan pg 5 post 90 B3-XX-XX (plan to release unit) 20 – juneodue pg 6 post 107 (plan to release unit) 21 – dxt pg 6 post 118 B1-07-08 (m) 22 – brianchinh pg 7 post 123 B1-04-07 (m) 23 – limwc78 pg 7 post 133 24 – 20yrsinsrisentosa pg 7 post 135 25 – misnail pg 8 post 148 26 – cambede pg 8 post 152 B3-14-XX (s unit nr 2, 3, 4, 5, 6, 11, 12, 13) released 27 – mzmz --> abangcorp pg 10 post 190 B1-15-02 (s) 28 - estherlo pg 13 post 250 (assumption) 29 - raymond2451 pg 14 post 263 (M unit nr 7, 8, 9, 10) 30 - king4891 pg 14 post 264 B3-09-13A (L) 31 - ntick pg 14 post 279 B3-XX-XX 32 - ntick's sister pg 14 post 279 B3-XX-XX 33 - fiecks84 pg 15 post 295 B1-0X-09 (M) 34 - oucheev pg 19 post 375 (assumption) 35 - kornflake pg 19 post 380 (assumption) 36 - nmt170 pg 20 post 383 37 - EVA01 pg 31 post 606 BX-XX-11 38 - alexlean pg 33 post 658 B1-xx-02 39 - chris lee pg 34 post 665 B1-XX-13A 40 - i manage to collect up to page 20 of this thread will do again once have courage taken from somebody post Phase 1 should be no more than 476 units based on the calculation 17x14x2=476 (lower grounds have less than 14 units per floor). And Phase 1 & 2 in total are 1120 units. That's where the name 1120 Park Avenue comes from 36 / 470 = 0.0766 * 100% = 7.66% 1120 pa buyer are lowyat member number is increasing Added on January 8, 2010, 7:23 pmaccepting ppl both valid ppl will jealous if you earn price increase before property even constructed and don't be over confident / excited as fieck says earlier, 15-jan is not long today already 08-jan what saba2 Added on January 8, 2010, 7:27 pm QUOTE(fiecks84 @ Jan 8 2010, 04:07 PM) Thanx AbgCorp for adding me in the list! if 84 is your birth yearIt is surprise to see lots of LYN members bought the house.. and later, and we share one common craziness, gadget! lol IT savvy.. Later, when the house complete, its time to equip the house with necessary gadget I just back from placing the 10% deposit at the developer office this morning after my EPF withdrawal approved and banked in to my account on last Wednesday. At the moment, I signed my loan agreement and waiting it to be stamped. In conclusion, I have done all the errands related to the house, and wait it to be completed by end of 2012. Should be ready by early 2013! It is my first house, lots of new thing learned! And found out that so many pages to be initial, one by one, till my hand cramp! Somehow or rather, I hear from Ms Choo, the new phase will be launch on this 15TH January 2010. When I talk on this matter with lawyer, they also talk the same. Surprisingly, when I talk with the bankers as well, they also being inform the same thing. Ms Choo said it is not confirmed yet, but it is most likely on 15th Jan 2010 (She said it confidently). I dont know either the promotion will be extended to the new Phase. But what I heard is, the Phase 2 price is around 10% to 15% higher than Phase 1, or around 10k to 15k above the Phase 1 selling price. The worry news to me, not necessary to others is I believe that they are going to construct both Phase 1 and Phase 2 simultaneously. Which means, all 5 blocks will be ready by early 2013. And it is an indication that 1120 units will be delivered at the same time. If they dont manage it well, situation can be lousy...and since all 5 blocks being construct at the same time, there will be slight delay in delivery time. Based on my experience working in technical line. The bigger the project, the bigger issue to be encounter.. anyway, I have to put my trust and believe! pray hard for its success To all future neighbor from LYN, Hi... my you indeed young to own your own house congrat... if you still single, you can marry to your condo first This post has been edited by AbangCorp: Jan 10 2010, 01:11 PM |
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Jan 8 2010, 11:25 PM
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#47
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QUOTE(106127 @ Jan 8 2010, 08:37 PM) HiHi, thanks for your comprehensive information. what is your suggestionbut for forumers information, the first disbursement can be equal to full disbursement. and we might end up, paying for legal fees, and the lock in period is actually 3+3 years or 3+5 years depending on the loan that we took up. For PBB 8 years lock in period can be 8+3 years. the bank will profit the most from exit fee penalty, legal fees, interest charges and etc etc can you show us the source? i want to know in great detail about this |
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Jan 9 2010, 01:11 PM
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#48
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QUOTE(brianchinh @ Jan 9 2010, 12:19 AM) Hi, AbangCorp, that 'somebody' post was posted by me actually. A 'guesstimation' only... i understand your guess timation, i also guess a lil bit lowerHowever, I have floor plan for B1. It consists of 232 units. Not sure about B2. Will be slightly more unit I guess. Added on January 9, 2010, 12:30 am Hi, AbangCorp, that 'somebody' post was posted by me actually. A 'guesstimation' only... However, I have floor plan for B1. It consists of 232 units. Not sure about B2. Will be slightly more unit I guess. i have exact number of B1 if anyone have B3 info can let me know thanks Added on January 9, 2010, 1:16 pm QUOTE(EVA01 @ Jan 8 2010, 11:39 PM) I wanna more about this as well. What your ground for this statement? the first disbursement can be equal to full disbursement. what is your age thenAFAIK, in my S&P and offer letter, that no such clause, and it all stated the schedule when the bank gonna pay them according to the progress of the house completion. AbangCorp, a lot of ppl here 1984 la...i even younger i believe most of you are chinese right? you guys chinese have the right attitude on property & economy i am malay by the way This post has been edited by AbangCorp: Jan 9 2010, 01:35 PM |
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Jan 9 2010, 10:39 PM
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#49
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QUOTE(chris lee @ Jan 9 2010, 08:39 PM) yeah yeah..thr is a lot of ppl is 84 la.waa..congrate to u coz u r more younger..hehe..i`m 84 too.. actually in the layout planAdded on January 9, 2010, 8:42 pmcan someone let me know which block is the B3,and how some of the lyn forumer manage to get a unit in block B3?from my knowledge, B3 will b launch in the phase two..tq.. b3 is the tower two we all talking about and b1 is for tower one some people also misunderstood b as tower two, actually it is bx or b'something' hope this clarifies |
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Jan 9 2010, 11:05 PM
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#50
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Jan 9 2010, 11:23 PM
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#51
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Jan 10 2010, 01:12 PM
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#52
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done pg 34
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Jan 10 2010, 07:37 PM
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QUOTE(106127 @ Jan 10 2010, 05:50 PM) Hello, xiaopygu. okWho told you that : first disbursement = Full disbursement is for those completed property oh???? Your banker told you about the above???? Rules no: 1: Never trust your banker 2: A banker is a salesman. Salesman will 'justify' in order to close the sales. 3: A banker might have only read n and understand and rely to you what he know. But what he know might be limited as many are inexperience. 4: They might even lie point blank! If you are taking PBB loan, did the loan mention when they will release the property if u fullsettle without penalty? if the banker is a lier than what the statement should be what are the supporting resources to second your opinion be it newspaper cutting, blog, www, magazine pls don't be offended, i like you dare to be different |
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Jan 10 2010, 08:31 PM
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QUOTE(106127 @ Jan 10 2010, 08:13 PM) Abang Corp, i have the loan agreement infront of meSimple and easy. no need for newspaper cutting,blog, www, magazine or anything. Those are irrelevant. Read between the lines. The loan agreement says the lock in period for PBB is 8 years after 1st drawdown. So it could be 11 years in total the lock in period. Many ppl have taken for granted what they understand or what the banker told them, instead of fully understanding the circumstances in the Loan Arrangement. hope abang corp wont be offended. we are here to share not only info but 'minds' as well need to study carefully... thanks for the reminder |
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Jan 10 2010, 08:59 PM
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An early settlement fee of RM30.00 per RM1,000.00 will be imposed on the balance of the Bank's Purchase Price according to the original schedule of monthly payment if the facilities are settled/redeemed within the first 5 years (60 months) from the date of full release of the Bank's Purchase Price/financing amount.
they do not use disbursement for this issue, as full release of bank purchase price. Bank Purchase Price is stated clearly 90% margin of financing. It should be 5 years after completion ______________________________________ Dont worry too much about the loan agreement what offer letter says will be the one to be used If there is contradicting clause between offer letter and loan agreement, the one in offer letter will prevail but it should be the same This post has been edited by AbangCorp: Jan 10 2010, 09:11 PM |
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Jan 10 2010, 09:55 PM
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nope, offer letter will prevail
also seconded by my lawyer in charge even what i am signing in front of her is loan agreement to be paid to them the loan offer is more superior than the loan agreement, so what the use of having loan agreement? both will be together, loan offer will be attached together with the loan agreement if still not the same opinion, yes normally no contradiction also, second you it should both be good Added on January 10, 2010, 10:00 pm QUOTE(fiecks84 @ Jan 10 2010, 09:17 PM) lol I get your point after re read your post! Mind my careless sure, but still not sure when i will be aroundWelcome future neighbour.. That's the thing, it looks like i am getting marry to my condo first.. lol Dunno either its a good news to hear or not! AbangCorp, Since you collecting LYN member names who bought 1120PA, we can have minum2 together one day! Future Rukun Tetangga of 1120PA... Hahaha *Some crazy idea comes to my mind at the late Sunday.. This post has been edited by AbangCorp: Jan 10 2010, 10:09 PM |
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Jan 11 2010, 08:04 AM
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#57
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QUOTE(106127 @ Jan 11 2010, 12:49 AM) hie, xiaopygu i asked my lawyer i do not mean bankers will provide the incorrect info in order to close the sales. but the banker himself are not well verse. so he will advise his client the way he have understand it. but that is not always the case, he will need to study some law too. for the drawdown, its easy. the developer have financiers as well. so it just finance 90% of the property by the same panel of bank. and the deal is made so that the 1st draw down is the full drawdown on the 36 month. since the money is there. its just a merry go round process and the bank are happy to collect penalties from purchaser who will sell their property within 5 years after completion. we purchaser will lose coz, we have to pay for the loan agreement and penalties. that is good profit for the bank. better than earning interest rates. Added on January 11, 2010, 12:57 am banker? inexperience or with few year experience? ask them a few more question about drawdown , they wont be able to answer. haha word of advice, when it comes agreement, dont ask the banker a.k.a. salesmen.ask the lawyer instead. |
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Jan 11 2010, 10:18 AM
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QUOTE(iceanise @ Jan 11 2010, 08:28 AM) if you want to purchase, you sign, if not, NEXT CUSTOMER PLEASE...... i myself is from developer firm....manipulation did happen....but see whether the want to do it or not....always, customer is in their losing end....cos who can ever fight the develoepr...u can go to tribunal...provided you have the time to ulang-alik to KPKT. i also saw the 2x2 porcelain tile not stated it only have tile yes as you said, you want it or not many more people waiting at the end, we might having an apartment same like what happen talam project casa riana condo when abandoned, delayed and completed it looks exactly like my father's flat in kerinchi the only difference is it uses tiles, cheap one all over it put out there casa riana apartment |
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Jan 11 2010, 01:26 PM
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#59
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Jan 11 2010, 06:55 PM
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