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 1120 Park Avenue - PJ South, any comments?

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dream.angels
post Dec 20 2009, 05:39 PM

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went there jus now..
according to SA, phase 1 is sold out...
phase 2 is not launching till much later.. mayb aft CNY..
dream.angels
post Dec 20 2009, 06:09 PM

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QUOTE(winner @ Dec 18 2009, 07:45 PM)
The buyers consist of investors and owner-occupiers. I went to the site and sales office last Saturday. I saw a lot of young couples from all races so I guess they must be first home buyers. I am an investor but I didn't make a purchase. Location is not bad, pricing is affordable and the deferred payment scheme is tempting. I am sure the developer will increase the price soon. However, what I am a bit worried is whether the developer has the ability to complete the project, as they has not started any construction activities at the site yet taking into consideration that Phase 1 comprises more than 1000 units.
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anyone knows d history of d developer?
supposedly, they haf done a few developments done before.. but under different comp names.. tho still under peters holdings s/b...
i tot phase 1 & 2 is 1120 units... not phase 1 alone more than 1000 units...correct me if i'm wrong..
dream.angels
post Dec 20 2009, 06:48 PM

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phase 2 will be aft CNY, according to d SA...
remaining 3 blocks....
dream.angels
post Dec 21 2009, 10:33 AM

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QUOTE(AbangCorp @ Dec 21 2009, 01:01 AM)
3 - loan arrangement

i heard no need to pay anything until unit completed with cf / key received (snp 3 year or 36 month)
another 18 month or 1 n half yr 7.5% paid by developer

bank selected - what is their source of income then
if they have so much money - why there is not even a progress

is there any different between one and another lawyer & banks
i heard
scb
pbb
uob
(5 banks cannot remember) only to enjoys the campaign
sorry for being so pesimistic - but liars a too many nowadays
i hope what i want to bring to all of you is confidence
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errr... i tot bank is not d one coming out wif d money..
developer is paying for d interest.. for 1st 3 yrs, during construction...
then thereafter, 18 mths, 7.5% is given to owners..
then owners will use this to serve as bank installment.. or other things...
isn't it so... ?

This post has been edited by dream.angels: Dec 21 2009, 11:04 AM
dream.angels
post Dec 21 2009, 11:39 AM

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how come 6 mths interest free?
by end of yr 2013, it's already 3 yrs... no?

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