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

Dear 1120 property developer,

Can i know what is the status of Tower 5 now?

heard already sold out and the heard the pricing for the sub sale almost 330/sf

Lock in period only starts when the loan is fully disburse. So makes no difference.

So all the construction work really stop d?

I think Peter's wanted to save their face or defending their right only? I dont think they couldnt afford to compensate those few squatters but have sufficient $ to proceed construction of the few blocks....otherwise they could have use the 1st disbursement for pilling until current stage...

We wouldnt know wat are the dispute btw developer n gov but i'm guessing gov now taichi-ing the pressure from the squatters to developer

At this stage, I'm not convinced gov would have the right to confiscate the land.

Perhaps u guys are right that the 1120 buyer, i sudnt be saying demonstrate, but rightfully gather and alarm the gov our concern?

even at current stage, i believe they can withdraw money from banks if they wan to.

any sifu can confirm this? 

So this saturday at 10am still on?