shucks.. now only pbb offered - 1.9.. already sign with other banks..

look at the good side lock in period for other banks is upon first disbursement

How long you was waiting for PBB already?

PBB BLR-1.9 already wait for 2 weeks to approve.

Waited for 5days..they approved already but i wanna add MRTA in..so need to reprocess again lor..they will get back to me by this week...that gal attend to me very fast n efficient...

My own opinions are:

1) Your budget. (This property help a lot for the first 4.5 years. Thus, help for investment purpose too.)

2) Location.

3) Surrounding acceptable or not?

4) Good Rental?

5) Developer reliable?

6) Net profit of 45k for Phase 2 Type L after 3 years for investment acceptable?

Welcome all opinion to help our friend here.... tks.

This post has been edited by king4891: Jan 4 2010, 03:56 PM

my gal who attended super slow!!!

My PBB is a guy... same... very slow.

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Added on January 4, 2010, 4:01 pmWow... it's really fast... Mind to PM her contact number? Tks.

This post has been edited by king4891: Jan 4 2010, 04:01 PM

I did applied with that gal at the showhouse but she didnt get bek to me.I am so frustrated den i find another loan officer.She worked in PBB HQ.She is very good n patient n also very efficient.

Estimated on BLR -1.9 vs -1.85 if 30 years BLR at 5.55%:

-1.9%
Loan Amount: RM240,000.00
Loan Period: 30 year(s)
Interest Rate: 3.64%
Monthly Installment: RM1,097.90
Total (RM) 240,000.00 Interest: 155,245.06

Loan & Interest (RM) 395,245.06

-1.85%
Loan Amount: RM240,000.00
Loan Period: 30 year(s)
Interest Rate: 3.70%
Monthly Installment: RM1,104.67
Total (RM) 240,000.00 Interest: 157,684.49

Loan & Interest (RM) 397,684.49

Different only 2-3k but you will lost of penalty total of 3% of 240k at RM8.4k if you decided to sell it within the locking period. Meaning with PBB you will have 8 years locking period whereas other bank only 5 years from the first disbursement which expected start on March 2010. After completion, left only 2 years of bonding period.

We won't know on that time whether want to sell it or rent it. So better opt for other bank other than PBB.

I got ask that gal about the locking period.She told me from 1st drawndown...but i'll check the Letter Offer once i get it...Verbally also cannot be trusted 1...

Another example if BLR increase 1% by every 10 years.

BLR -1.9%

Total (RM) Loan :240000 Interest : 186164 Loan & Interest : 426164

BLR -1.85%

Total (RM) Loan :240000 Interest : 188745 Loan & Interest : 428745

The different still under 3k.

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Added on January 4, 2010, 4:31 pmIf from first drawndown then PBB will the best choice. I personally like PBB for the flexi plan. Provided ATM card right? No charges to redrawn right?

I just call the CO, he said bonding period upon FULL drawndown. Maybe different customer have different terms. I think I will go for UOB, no want to wait anymore.

This post has been edited by king4891: Jan 4 2010, 04:31 PM

Let me check with the CO den i'll see what she says...will update here again...

i choose SCB because lock in period will be started upon siging letter offer. it is -1.85 term loan.

Is it flexi plan? if yes, how does it work? PBB have the best flexi plan which will save a lot of interest charged but the locking period upon full drawndown.

This post has been edited by king4891: Jan 4 2010, 04:44 PM

Even though i am 1 of the buyer of 1120 Park avenue, i have few concern as i am not very familiar with KL/Selangor location. Please enlighten me on this

1. I have go around the place but i found that currently the occupancy for the shophouse is less. What is the reason for the less occupancy.

2. What is the race population on the place? It is a mix race majority population?

Hope to have more clarification on the area as some of the forum state 1120 park avenue is located in a strategic place.

It is not flexi. You can't withdraw back when you pay extra. But i got a few loans to handle as well hence dun think got extra money to put in for this.

SCB is not flexi plan.The officer told me cannot loan in MRTA.They can offer up to 30yrs loan only.

I am not taking MRTA because most likely will let it go after lock in period if can't fetch good rental there.

My own opinion on the area:

1) Think back 15 years ago on OUG houses. The shophouse occupancy rate also low. 5 years back, OUG was bombing. After the completion of the highway and the OKR. A lot of new property kick off there including 1120PA. Petaling Utama is consist of low to medium class residents. After 1120PA occupied, I believe the shophouse there will be improve. Of course, Peter's will not miss the opportunity for up coming higher class development if 1120PA are successfully sold.

2) According to the SA, the area have mix race consist of Malays, Chinese and Indian. Anyone also want to improve their lifestyle. If themselve cannot improve, they always hope their next generation will be improve. A modern affordable property will help on this. I personally think that the area have more Malays follow by Indian. If within of 10KM radius then I think Chinese have the most.

Welcome more opinions.

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Added on January 4, 2010, 5:04 pmJust to share my opinion on MRTA.

MRTA is a protection from the day we paid for it and I know a lot of people knew what it is.

If you said most likely will let it go meaning minimum from now is 3 years. My advise is better to purchase the MRTA now and not after 3 years when you decide to rent it out.

Hope you know my concern.

Thus, once you sell it after 5 years from now. You will get back the balance of 25 years MRTA fees if you get 30 years.

This post has been edited by king4891: Jan 4 2010, 05:08 PM

Can get back 27 years of MRTA? I didn'y know that. I thought we can't get back what we have paid for MRTA?