when u can get letter offer?pls update u

is any1 taking ocbc loan? wondering y no1 use it? i get -1.85% for 90%loan. no need to buy MRTA

my unit no B1-xx-02
pls add me inthe list too

done pg 30

done pg 30

is any1 taking ocbc loan? wondering y no1 use it? i get -1.85% for 90%loan. no need to buy MRTA

my unit no B1-xx-02
pls add me inthe list too

I just got my PBB. Rate is -2.00% and 5 years lock in period. Anyone got the same thing?

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Added 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?

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Added on January 8, 2010, 3:24 amNevermind, I just saw the cover page says its "free legal documentation package"

is it they launched Phase II d??wat de price n promo package???any update??

another thing to find out, when is de due date to pay 10% downpayment ha???like nobody chasing me ke???

hehe...thank you for adding my name into the list...

is it they launched Phase II d??wat de price n promo package???any update??

another thing to find out, when is de due date to pay 10% downpayment ha???like nobody chasing me ke???

Dear all,

To resolve the doubt of first disbursement = full disbursement:

For under construstion property, the way that bank releases money to the developer is according to the progress of construction stated in the 3rd schedule in s&p. First disbursement starts when the day that the bank pay the first payment to the developer. IF u r financing 90% loan, after the 10% downpayment, when the bank releases the following 10% to the developer, it starts the first disbursement date. Thus, lock in period starts from full disbursement is a disadvantage to investor who intends to sell the property after completion. coz by the time bank fully disburse to the developer could be in 3 yrs later, by then ur total lock in period will be 8 yrs. Unless u willing to pay the penalty charged.

Completed property has no progressive payment like the under con property does, so the first disbursement will be the full amount of ur loan financed. Thus, first disbursement also equal to full disbursement.

Regarding loan offers, guess below are the things that u may need to put into consideration:

- interest rate, of course (however every bank almost offers the same rate. a minor 0.05% makes no different if u r taking flexible loan or the bank loan allows u to do prepayment to offset loan principal)
- lock in period especially for investor. (thus personally i think pbb is not good for investor unless u foresee the property wont sell in 8 yrs time)
- service. u never know when it comes to disbursement. some banks tend to delay in payment. If the bank late in releasing money to the developers, not dev but u r the one who bear the late payment charges. (personally im willing to pay slightly higher interest for a better service)
- Hidden cost. fyi, pbb has a lot of charges like rm 75 land search and blah blah blah.
- forget about interest rate change to BLR plus 2% or 3% for the default payment unless u really think that u hv such potential in defaulting ur installment. THis is standard clause la.. every bank applies.
- Loan tenure in fact, the longer the better coz eventually u may do prepayment to save interest while lower down ur monthly commitment. It helps in ur next loan approval.
- withdrawal flexibility and charges unless u really utilize the facility (eg. pump in ur salary to reduce interest) especially for those business owner, otherwise dun worry abt the withdrawal charges la...
- daily rest/month rest it makes a lot of different

Abt MRTA/MLTA.. whether its mrta or mlta or mtta or mdta or wutever a... it's all life insurance but describe in different terms only. All insured the same things, death and total permanent disability. Wut we concern is on the surrender value and the beneficiary. If u were to take mrta from the bank, of course bank will be the beneficiary coz ur property is their security. If any happen to u, insurance institute helps u to pay for the loan. Bank wont care abt u but the money. and its not transferrable if u refinance the property coz by tat time the property is no longer their colletaral security, who cares if u need to purchase a new policy with higher premium. For those who can affort, mlta really better than mrta.

Talking abt the HLB issue. There is no surprise if the law firm claims that hong leong is one of their panel coz this means that particular law firm can prepare loan agreement for hong leong bank. But whether or not Hong leong acts as the end financial (panel banks) for this project, that is another story. Hong leong can be the law firm panel but not necessary to be 1120 PA's panel bank. If it's not under the end financial listing, u may not enjoy the promotion!
Thanks

if fail to do so, any damage ah???nt entitled for 7.5% bonus or interest charge there???

Thanx AbgCorp for adding me in the list!
It 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...

Developer told you about the price for phase 2? 10% and 10K is very much different wor. I think it wont be 10% la. 10K is already consider pretty high already.

I wrote:

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.

Because, I heard from Ms Choo, it is 10k to 15k above Phase 1 price, and I heard another story from bankers and lawyer, it is 10% to 15% higher...No one will know how much the exact price will increase until the day of launch la friend, except who has close relationship with developer or may be their staff. I just letting everyone know what I heard.

Definitely 10% and 10k is a BIG difference, but I wrote down there, "OR"... so, either one lor! not "AND"...

And to make it clear, developer did not tell me! I just have borak2 kosong with the staff while placing my deposit. So, at least, we have rough idea, how the Phase 2 is positioned in the market, and how the prospect of future price of this property. To know the truth, or to know the exact figure, just wait for the launch lar, it is few days to go wat!

If we are the buyer of 1120PA then it's good news no matter 10% or 10k. We don't care about it's too high or too low as long as the property appreciate.

If we are not the buyer then of course increase too much will make me red eyes and if increase too low then will make me happy.

So Fiecks84, anyone have right to give their feedback. Don't waste your energy to reply not relevant feedback better... 

Hope AbangCorp can gather 500 buyers.... and we will control the management.... and our meeting will be right here anytime anywhere....

Thanx AbgCorp for adding me in the list!
It 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...