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....

King, my same floor neighbor, same L type...1 floor onli gt 2 unit L type....so u knw i knw la...hahaha

going to pay my 10% deposit on mon...then sit there relax, wait for condo ready by 2013!!!...2 yrs 11 months and 22 days to go....hahaha

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

Lim, your unit is B3-youknowiknow-01? Great to hear that..... bravo!!!!!!!! I think we have chance to meet up on Monday... my appointment is 10am... 

10am cannot lo...i going over around 2-3pm....so i c u after 3 yrs when move in la!!!

HiHi, thanks for your comprehensive information.

but 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

what is your suggestion

can you show us the source?
i want to know in great detail about this

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

what is your suggestion

can you show us the source?
i want to know in great detail about this

HiHi, thanks for your comprehensive information.

but 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

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.

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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 wanna more about this as well. What your ground for this statement? the first disbursement can be equal to full disbursement.

AFAIK, 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 wanna more about this as well. What your ground for this statement? the first disbursement can be equal to full disbursement.

AFAIK, 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 wanna more about this as well. What your ground for this statement? the first disbursement can be equal to full disbursement.

AFAIK, 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.

HiHi, thanks for your comprehensive information.

but 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

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..

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Added 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..

Abang Corp, can you add my unit in it. B3-XX-08. Thanks. Anyway i am buying for own stay. How bout you guyz?

i will update that
i think you already know your name is already on the list

done at page 34