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

Cannot trust lawyer because they have commission from the bank and bank will pass business to them. Sure they will tell the bank is the best of the best.

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

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.

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.

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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.

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.

ocbc that bad meh ? aiks i took my loan with them wor...
they told me all about those charges.. which i think is fair..
coz other bank ie UOB also charge the same etc etc

anyone has any idea about the management fees?

rm0.17 * yours house total square feet.

what u guys think of the offer letter from ocbc??

to many words till i pening edy.

any hidden charges that i miss out?

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....

what u guys think of the offer letter from ocbc??

to many words till i pening edy.

any hidden charges that i miss out?

i tot i saw rm 0.15*  per sq feet ?? hehe.. lets clarify

It is RM 0.15 + 10% for sinking fund. It's RM 0.165 per sq feet

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.

what is mean by sinking fund?

Lets make sure our condo finished on time

1 – graneon pg 1 post 16
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-XX-XX
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 B1-15-02 (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