Hi I was one of the buyer for this property Type M. Was very confuse on the 7.5% of the rebate. If the monthly loan amount is lesser than the 7.5% rebate of the property price, do i get back the 7.5% or do i get the loan amount rebate instead? Please help. Thanks

Thanks for your info. I had ask the SA about the delayed stuff and i do get to know that you will get the delay penalty reimbursment. As for the 18 months, it will be after you get the VP. So no matter how long the project delayed, the 18 months will only commenced once we get the VP. Yes, we get to extend the 4.5 years if the project is delayed but if the completion is earlier, it will shorten the 4.5 yrs. . Hope it helps

pm-ed you. Thanks

SA told me if loan rejected, will only forfeited RM200 for admin fees and SA did not mention that need at least 2 loan rejected ..Seems like SA told us different thing

Thanks for the S&P shared. Do you have the seperated document from developer stating the benefit of 7.5% reimbursement.

Can you give me the contact of the HLB banker?

The reason why i am interested in HLB is to apply and see what benefit they can give extra..Each bank offer their benefit differently

Yes totally agreed on that. OCBC not only slow, they never keep their promise as well. promise to call me back but never call me back at all. very very bad customer service. will never deal with this bank anymore.

i got the same call and he told me that my booking of RM2k transaction through credit card is not through. i haven't check with my bank though.

Oh no wonder. why the SA never stop customer when they use AE to pay for the booking..

Even though i am 1 of the buyer of 1120 Park avenue, i have few concern as i am not very familiar with KL/Selangor location. Please enlighten me on this

1. I have go around the place but i found that currently the occupancy for the shophouse is less. What is the reason for the less occupancy.

2. What is the race population on the place? It is a mix race majority population?

Hope to have more clarification on the area as some of the forum state 1120 park avenue is located in a strategic place.

Do agree with that but when i go around that area, i don't see any opportunity for Peter to develop anymore on that area since there is no more land to do so. What i hope is that the shophouse will get more occupancy after 1120PA and the hypermarket build as promise and i believe that is the only method that can push up PJS value. Welcome more comment on this since i am quite noob on PJS area.

Is just opposite 1120PA as what the SA told me. I have double confirm and look around that area as well and i saw the notice board stating on the proposal to build a hypermarket over there. I assume this hypermarket is belong to Peter as well.

The MRTA can be opted out no matter what bank you take. You just need to request not to have the MRTA.

cause out of 5 bank, CIMB already out due to quota finish. OCBC, PBB is quite slow in processing application while SC rate is not good.

The clause stated that if you have current account that tied to the loan only then you will be charged for maintaining that acc. Since this is not full-flexi, we don't need current account.

Are you sure about that? From what i know, the principal can be reduced even during 5 year tenure but the principal cannot be reduce until there is none to pay in this 5 year bonding period. For the RM50, i hav ask the bank officer and it will only impose if you want to withdraw whatever extra money that you put in to cover the principal. Thus if you withdraw, the principal will increase back on the same day and interest will be based on the increased principal. Correct me if i am wrong.

Agreed with estherlo. i think eva01 is confuse on the money disbursement. If the bank haven't fully paid to the developer ) as developer will progressively collect money from bank based on the building progress, yes we can't even reduce the principal since the money have not fully disburse by the bank to the developer. Then the clause C(i) will come in (AFTER full disbursement).

After the money is fully release, we can reduce the principal even during the 5 yrs bonding period but we can't reduce until less than 50% of the total loan (clause C(i)(3))

After 5 yrs, you can do whatever you want. You can either stick to the loan, settle in full with 1 month notice or remortgage your property with other bank without penalty imposed.

Hmm..abit risky because in the promotion letter there is this clause stated that if you did not take loan with their panel, they can forfeit the benefit that they offer to u.

[quote=raymond2451,Jan 8 2010, 10:49 PM]
[quote=AbangCorp,Jan 8 2010, 07:19 PM]
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-XX-XX (S unit nr 2, 3, 4, 5, 6, 11, 12, 13)
16 – sk00 pg 4 post 76 (m unit nr 7, 8, 9, 10)
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 – lim wc78 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 B3-09-13A (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 - EVA01 pg 31 post 606 BX-XX-11
38 - alexlean pg 33 post 658 B1-xx-02
39 - chris lee pg 34 post 665 B1-XX-13A
40 -
may i know how many of you buying this property for investment or own stay?

[/quote]

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