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 1120 Park Avenue - PJ South, any comments?

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AbangCorp
post Jan 11 2010, 07:07 PM

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QUOTE(simple.ology @ Jan 11 2010, 06:39 PM)
Yeah, it might be true.
However, as according to those previously mentioned, they don't sound professional at all.
Of course, nothings is perfect in this world, sure they must be pros and cons for everything, but I hope the company will not intentionally or unintentionally try to cheat the buyer. They can use their selling point (If they got one).... to sell....
I believe all of us paling hate people said, i don't know le.... oh .... it's like that one la....
That's why in Malaysia ethical seller (or any other profession) is pretty hard to find......
sad case...!!
*
you dont wanna buy, i buy

but i agree, honest ppl are very hard to find
especially business man
AbangCorp
post Jan 12 2010, 01:17 PM

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QUOTE(iceanise @ Jan 12 2010, 08:38 AM)
exactly...because the letter of undertaking from bank to developer state that whatever happens, they will disburse the money to developer if there's architect cert to prove the stage of construction. manipulation can happens when architect certified eventhough the building is not build up to that level. but i guess not many architect will do this purposely because they also want to jaga their rice bowl.

fieck84,

yup, we are just sharing the opinion, we know that everyone have their own thinking. As mentioned in last post, the disbursement thingy can happens as normal (i.e disburse once the level is build and send the architect cert to bank to claim the money (percentage completed). This processes will never change but developer can have agreement with banks to minimize the losses (because developer is paying for the coming 18 months) - don't ask me how they do it....but if they want to, they can. Yes, what you said previously, Sime Darby is big corporation so that they can do this but if you notice, 1120 Park Avenue is free from encumbrances - no bridging financier....it's not charged dude....what makes you thinks the have insufficient funds to construct?

I mean, what 106127 and i mentioned here are just opinions....and we heard you too... that first disbursement is after the piling work....we are just sharing that other possibility does happens.....not to said that we "confirm" it will happen.

We are going to be neighbour, aren't we?

thumbup.gif
*
not all banker are stupid to blindly believe what the architect said

one friendly banker told me, architect dishonesty do happen
it is quite norm for them to do site visit to the construction site

this is especially important if you have a big number of customer
taking loan (a big sum of amount) with them
AbangCorp
post Jan 12 2010, 05:01 PM

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i registered for 1120 PA through iproperty
the problem is they only message me phase 1 fully sold

but thanks god i got a unit from another purchaser who would like
to release his, so i am quite lucky


so, just now
they send me a message from 63660

Phase 2 open for sale indeed this friday 15-jan-2010
i do believe some ppl will sleep there to book a unit

if anyone have time around wisma peter may snap a picture for us
hehehe


Added on January 12, 2010, 5:03 pm
QUOTE(EVA01 @ Jan 12 2010, 04:20 PM)
Just in case ppl still didn't know:

Phase 2 is will be on sell at this friday, office open time is 10-6pm.
Office tel no: 03-7782 9988

Might take a look and if price didn't raise much...grab some more unit tongue.gif
Why is it so hard to get some one to call the office and share us the info rather than keep fight on some stupid issue based on assumption?

Come come, don't spoon feed yourself smile.gif

For those who concern about the conspiracy, thanks for sharing the information to us, but please don't tembak here and there.

who ever say every business investment is safe and guarantee return? Is fine to share your idea to us, but if you without any proof to back you up, those are just your view, not the fact.

If first imb = full imb, no worry, I will be one of the first few who will go to court and fight for this. And I will definitely share my info to fellow forumer here so they can pursuit this case as well. Are you gonna help us then?

Knowledge is power, if we stick together and fight, force is strong in us tongue.gif

AbangCorp, if you kind enough, could you try find your floor plan info and edit those useful information in a single post so we can easily sort thing out?

Thanks smile.gif
*
my SnP is ready for collection
but not sure who can collect it for me

after then, if i have a glance through
i will scan copy for you and me, sure

This post has been edited by AbangCorp: Jan 12 2010, 05:07 PM
AbangCorp
post Jan 12 2010, 10:16 PM

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Lets make sure our condo finished on time

1 – graneon pg 1 post 16 B3-xx-11 (s)
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 B1-1x-06
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-xx-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-XX-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 - KChan pg 21 post 412 B3-xx-03A (s)
38 - oucheev pg 21 post 419
39 - Nee2010 pg 22 post 439 (plan to release, type l)
40 - EVA01 pg 31 post 606 BX-XX-11
41 - alexlean pg 33 post 658 B1-xx-02
42 - chris lee pg 34 post 665 B1-XX-13A
43 - fivezal pg 40 post 790 B1-XX-09 (m)
44 -


i manage to collect up to page 34 of this thread

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

40 / 470 = 0.0851 * 100% = 8.5% 1120 pa buyer are lowyat member
number is increasing

if your name is not there, pls bring your ic to me for verification thumbup.gif

This post has been edited by AbangCorp: Jan 15 2010, 07:43 PM
AbangCorp
post Jan 13 2010, 01:15 PM

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QUOTE(king4891 @ Jan 13 2010, 01:05 PM)
New member is ok but a bit too late... Phase 1 buyer will curse him/her.... lol...  doh.gif but I don't think can get -2.0% because the bank need to realease the fund without repayment for 3 years.
*
and only up to testimonial at last
the person who received such blr
AbangCorp
post Jan 13 2010, 01:47 PM

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QUOTE(KChan @ Jan 13 2010, 01:19 PM)
Everyone, I would like to know if anyone of you apply the loan from other branches instead of the listed branch?
*
i want to know also

there's a different between walk in and through agent
i apply walk in style, received in 2 week o so
AbangCorp
post Jan 13 2010, 05:34 PM

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QUOTE(KChan @ Jan 13 2010, 01:56 PM)
AbangCorp, you you apply at the branch from the developer list?

Anyway my unit is B3-xx-03A
*
yes, i do


Added on January 13, 2010, 5:35 pm
QUOTE(fivezal @ Jan 13 2010, 02:27 PM)
Abg corp add me in listing
my unit is B1-XX-09 M type
*
KChan & fivezal, added page 39


Added on January 13, 2010, 5:45 pm
QUOTE(king4891 @ Jan 13 2010, 05:26 PM)
PBB told me that if finance very clean then can get higher deduct of BLR. I believe this is your first property? It is good education from PBB, which encourage us to buy house first then only buy car and other loan gadget.... smile.gif
*
i have cukup2 makan income
thanks my university degree, or else i only get 80% MOF from PBB

they also need payment record, so if you want to loan without qualitification
(i heard a degree) then better buy a car first, pay promptly. Telephone bill, astro etc cannot be use as payment history

ocbc only give me 80%, uob give me 90%

This post has been edited by AbangCorp: Jan 13 2010, 07:57 PM
AbangCorp
post Jan 13 2010, 06:24 PM

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really

my lawyer from tee bee kim says ocbc is the best bank
they really know how to take care of their client

but they never return me with a quotation
i think i kena macam one of our 1120 pa purchaser + lyn member
AbangCorp
post Jan 13 2010, 07:54 PM

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QUOTE(KChan @ Jan 13 2010, 03:17 PM)
Apparently the developer only make arrangements with the branch listed by them. The other branch do not know about such arrangement with the developer. How the developer deal on the interest payment is that the branch loan dept will kept all the loan for the financing for this project in a special folder. This particular branch will then forward the interest charges to the developer which then the developer will pay. On the other hand, if the bank do not know such financing scheme, then the bank will bill us the interest which the developer doesn't know about. So any penalty, we have to bear.

I had ask my loan officer to check with his branch manager regarding this, so he told me its ok. His branch will make sure they forward the interest statement to the branch which deal with the developer. So now can sleep better.

At first I was worry lar. But the developer really need better informed sales personnel. All of them can't seem to answer the questions correctly or everyone give a different answers. Aiseh!!! If this is the kind of arrangement, then the developer shall use the word "mandatory" instead of "encourage" to contact the panel of financier.

I did get my rate as BLR-2.0% and free loan legal documentation fees.
*
i also intended to go other branch, but look like if they dont know i need it urgently, alas i will be the losing end. they will do like normal, delay like normal. if delay is not normal then it is a good thing then

i also felt that if they dont know the arrangement, they will also took even longer and do not even bother what we are having (a loan, and a repayment by developer). look like to many process, so i think better take from their given branch

when someone from pbb is calling me for processing, it looks like they pretty sure what they are doing
he said, "oh, for this project we need to speed up your application to hq"
i am really happy, but alas just ngam2 before time expires, with a lot of calling and meeting of course

i met the banker, i think 2 time for initial processing and 2 times in the middle of everything, and another 2 times waiting for the offer letter


Added on January 13, 2010, 8:00 pm
QUOTE(20yrsinsrisentosa @ Jan 13 2010, 07:16 PM)
yes, furthermore, we HAVE NO LAWYER! the lawyer that handle my s&p agreement and loan agreement explained to me so. in the case of s&p agreement, the lawyer is on behalf of developer. in the case of loan agreement, the lawyer is on behalf on the bank! the bank simply give us an option to use back the panel lawyer from developer instead of bank to find someone else. we have no lawyer.


Added on January 13, 2010, 7:21 pm

tee bee kim is not your lawyer. he is the lawyer of developer and your selected bank lawyer.
*
yalah
i felt the same way too sad.gif

i do heard there's bank 1 lawyer, you another lawyer for loan agreement
developer 1 lawyer, you another lawyer for snp

and of course it cost more, and longer

This post has been edited by AbangCorp: Jan 13 2010, 08:02 PM
AbangCorp
post Jan 14 2010, 02:28 PM

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[quote=jwgan822003,Jan 14 2010, 10:35 AM]
i do heard there's bank 1 lawyer, you another lawyer for loan agreement
developer 1 lawyer, you another lawyer for snp

and of course it cost more, and longer
*

[/quote]
S&PA paid by developer so the lawyer will represent the developer.
Loan Agreement paid by borrower but lawyer will represent the bank(non free moving cost package)

S&PA lawyer definitely will ask you to use them as the loan lawyer cos they only pay a minimum fees from developer to prepare the S&PA, so they will ask you to pass back the loan to them to get more income from one case.

You can appoint another lawyer other than S&PA lawyer to handling the Loan Agreement due to you paying the Legal Fee + Stamp Duty for the loan agreement.

You can choose to use difference lawyer to handling S&PA & Loan Agreement for under construction project because the condo not yet start construction and there would be no progressive claim from developer. Got enough time for loan lawyer to finish all the paper work before 1st drawdown.

I come accross with cases even though the S&PA & Loan Agreement lawyer is the same but still can't make it on time for the drawdown of the loan;regardless of what reason of the delaying in payment to developer borrower still will need to bear the late payment interest.

My advise is you will need to monitoring after you sign the letter of offer & Loan Agreement. Call the banker or the loan agreement lawyer once in two weeks to check on the latest status so you will not miss the due date set by developer for the 1st drawdown of the loan. Normally is the 1st drawdown got problem.

Normal process of a loan before 1st drawdown:

sign Letter of Offer - sign S&PA - sign Loan Agreement - Letter of Advice - Loan Disburse to developer
you will need to start monitoring your loan drawdown after you sign the Loan Agreement.
*

[/quote]

what is the letter of advice?

AbangCorp
post Jan 14 2010, 02:29 PM

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QUOTE(ausmat @ Jan 14 2010, 11:56 AM)
Yes, Put me in the list - B1-1x-06
*
done


Added on January 14, 2010, 2:31 pm
QUOTE(eugene jk @ Jan 14 2010, 02:29 PM)
Guess ppl adi starting to q up today liao~
*
haha

expected
how about sleep over

This post has been edited by AbangCorp: Jan 14 2010, 02:31 PM
AbangCorp
post Jan 14 2010, 06:10 PM

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QUOTE(20yrsinsrisentosa @ Jan 14 2010, 05:53 PM)
not sure about bank draft. last time study in college is buy bank draft to pay exam fees to oveasea uni. but this time i buy banker cheque to pay the down payment. a piece of banker cheque cost rm2.50
*
actually it poses the same function
i use bank cheque for the other day 10%

bank draft and bank cheque almost same for layman term
but bank draft have more currency
AbangCorp
post Jan 15 2010, 01:20 AM

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QUOTE(106127 @ Jan 14 2010, 08:35 PM)
are they going to give additional carparks?
then the 1st phase owner are the real losers.
how about pricing? Did they jack up the price to give additional car parks/


Added on January 14, 2010, 8:42 pm
Hie king4891,
Can you please enlighten me on the OCBC blood sucker charges...
What is it about.


Added on January 14, 2010, 8:46 pm
20yrsinsrisentosa,

Ya you are correct. We have no lawyers.
All the lawyers that we sign the agreement is their lawyer although we are paying full for the loan agreement.
I suggest we consult other lawyer if there is any clarification that we need.

You have a great mind too.
Formal education will make you a living; self education will make you a fortune


Added on January 14, 2010, 8:49 pm
But UOB charge more rite... RM50 Wor


Added on January 14, 2010, 8:58 pm
I know that they accept personal cheque for booking and balance for the down payment.


Added on January 14, 2010, 9:00 pm
Hei,
The property i know in glenmarie, min price 600k
Ppl queue up 3days in advance.

Once open. all sold out d.


Added on January 14, 2010, 9:05 pm
Bank draf and cheque is not the same.main difference is :

Bank draft = amount deducted from account or cash receive by bank before issuance of Bank Draft.

Cheque = Amount written on the cheque does not mean the receiver will receive that amount of money.
*
bankers cheque of coz have money
i understand what you mean is personal cheque

if your acc do not have money, then we will have cheque tendang



so if what i am saying is right, there is no diff between bank draft and bank cheque
because bank cheque, bank always have money what

hahaha, hilarious

AbangCorp
post Jan 15 2010, 12:51 PM

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QUOTE(kornflake @ Jan 15 2010, 12:32 PM)
sumone shud open a lowyat.net booth near there to register buyers.. ***calling abang corp
*
uhuk uhuk

somebody calling my name

aiyo should preamp first lor

This post has been edited by AbangCorp: Jan 15 2010, 12:53 PM
AbangCorp
post Jan 15 2010, 01:01 PM

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QUOTE(king4891 @ Jan 15 2010, 12:54 PM)
If today 100% sold out. I don't know what to say next.
*
i am happy enough by the good news

price increase min 10% all the way to 20%
good investment for 1st time buyer like me

thanks god the freebies is acceptable
tuah for phase 2 buyer, and expensive a bit - ok lor
AbangCorp
post Jan 15 2010, 02:02 PM

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QUOTE(106127 @ Jan 15 2010, 01:41 PM)
Hie, the lower price u bought in Phase 1 is more than enough to cover those free gift
*
and the most important thing is no interest
AbangCorp
post Jan 15 2010, 03:12 PM

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QUOTE(cheraspeople @ Jan 15 2010, 03:07 PM)
3 years ago i was telling my fren it is too expensive to buy a condo with 200K but now i think 200K is nothing. After 4.5 years, you may say 300K is nothing to buy a condo.
*
because money depreciate
use gold as money then hedge fund against inflation

you guys can check margrit kennedy:interest free money and inflation
my baby have 4 dinar in his saving account
AbangCorp
post Jan 15 2010, 03:25 PM

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QUOTE(king4891 @ Jan 15 2010, 03:18 PM)
I will fully support you!!!!!!!! If can get active 100 forumer of 1120PA buyers. Just imagine when got management meeting, our voice how strong? smile.gif
*
please do leong, a king said
i think king also will be one of the major player in jmb
AbangCorp
post Jan 15 2010, 04:17 PM

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QUOTE(vdfoo @ Jan 15 2010, 04:07 PM)
we can also ask www.1120parkavenue.com from developer for free
hahaha rclxms.gif
AbangCorp
post Jan 15 2010, 04:56 PM

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QUOTE(KChan @ Jan 15 2010, 04:36 PM)
I had some experience installing and configuring phpbb. Just thought that there shall be a homepage running on other CMS and the forum on another page lar.


Added on January 15, 2010, 4:39 pmThought of drupal/mambo/joomla + phpbb kind of website...
*
mind you you need to register again
i myself pening when too many forum in my net social life

but your effort guys, is still number on1

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