QUOTE(froglai88 @ Dec 20 2012, 07:43 AM)
Search thru iProp yesterday, found a 3ssl asking 1.12m, whereas others ard 1.3m.. just wondering is this another agency trick ?
Could be T-Junction unit...
Added on December 20, 2012, 9:05 amQUOTE(FlyingJoy @ Dec 20 2012, 03:31 AM)
Hi all Sifus,
KR 3SSL is my first property purchase and seeking for your comment on recent i have discovered that the Bank has released full 100% loan amount to TMS already!
My question is that it's normal procedure on this even till date i didn't meet up with TMS representative to receive the unit house key yet and sign anything...?
I thought the legal side will hold remaining 5% (guess some % as i not sure of it) till i make appointment with developer and sign the doucment then will release balance.
If in thise case, is that means i need to serve full amount interest $ of loan figure but not the first monthly installment tlll i sign the receving documeny.....?
Hope Sifus guide me on above query....
Massive thnaks.....
THIRD SCHEDULE
SCHEDULE OF PAYMENT OF PURCHASE PRICE
Instalments Payable % Amount
1) 10% Immediately upon the signing of this Agreement 10 RM
Within twenty one (21) working days after receipt by the Purchaser of the Vendor's written notice of the completion of:-
2) 10% (a) the work below ground level including piling and foundation of the said Building comprising the said Parcel 10 RM
3) 15% (b) the reinforced concrete framework and floor slab of the said Parcel 15 RM
4) 10% © the walls of the said Parcel with door and window frames placed in position 10 RM
5) 10% (d) the roofing/ceiling,electrical wiring, plumbing (without fittings), gas piping (if any)and internal telephone trunking and cabling to the said Parcel 10 RM
6) 10% (e) the internal and external plastering of the said Parcel 10 RM
7) 5% (f) the sewerage works serving the said Building 5 RM
8) 5% (g) the drains serving the said Building 5 RM
9) 5% (h) the roads serving the said Building 5 RM
10) 12.5% 3. On the date the Purchaser takes possession of the said Parcel with water and electricity supply ready for connection to the said Parcel 12.5 RM
11) 2.5% 4. Within twenty-one (21)working days after receipt by the Purchaser of the written confirmation of the Vendor 's submission to and acceptance by the Appropriate Authority of the application for subdivision of the said Building 2.5 RM
On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor 's solicitor as stakeholder for payment to the Vendor as follows - 5 RM
12) 2.5% (a) two point five per centum (2.5%)at the expiry of six (6)months after the date the Purchaser takes vacant possession of the said Parcel RM
13) 2.5% (b) two point five per centum (2.5%)at the expiry of eighteen (18)months after the date the Purchaser takes vacant possession of the said Parcel RM
TOTAL 100 RM Note : -
Upon Developer receive the CFO - Sijil Kelayakan Menduduki Bangunan, form Property Management (For Condo)
about 2 weeks time - Developer will issue VP
Then Bank has to settle the 12.5% to developer + last 5% (issue to lawyer as stakeholder)
after the developer receive the payment - Then will issue letter of Clearance to the Purchaser, then arrange for viewing and take key
The last 2.5% is pending for subdivision of title (strata title) - when developer present the application - then within 21 working days - bank to settle to developer
Yr 1st monthly installment shd start fr January / February 2013
Hope it helps
This post has been edited by UFO-ET: Dec 20 2012, 09:11 AM 
Dec 12 2012, 07:31 PM
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