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 1120 Park Avenue - Petaling Jaya Selatan v2, Jln PJS1/50, Petaling Utama, 46150 PJ

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Tomatoketchup
post Nov 25 2011, 04:27 PM

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What kind of non-compliance? Only OCBC reluctant to release or all other bank reluctant to release....as I read through, I can only deduce that OCBC is reluctant to release....no other banks....

Further, I think this is between the developer and the bank agreement, buyer have any rights / control on this? I notice that most purchasers took loan from OCBC, uob, scb n public bank. I guess these r the participating bank for the package.

By the way, any1 taking loan from public bank? Why like no news already on the disbursement. Uob and scb still releasing their progressive payment....just want to check whether public bank also reluctant to release? If all the 3 banks r releasing, why the he'll is OCBC not releasing?

I believe it depends on respective bank...the letter of undertaking has been endorsed, the bank should disburse the $ to the developer n the developer should grant the purchaser a clean title...have anyone seethe master title before? It's weird that OCBC start to disburse 1st payment, then do not want to disburse further....when they disburse 1st payment, normally all the doubt has been settled.




 

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