have received a first cc letter to d bank demanding for the 1st progress payment

hopefully it would be able to deliver eariliern

Me too..
N also receipt my Stamped Loan Agreement via Registered Mail from lawyer..

Same here - got my 1st demand letter for the initial 10%.

I got my S&P today and realised that it was stamped on Dec 2010, meaning there will be annual 10k tax relief for 3 years once I start paying for interest (after handover from developer). Good news to me.

10K is the maximum tax relief limit. If you were to claim 10K tax relief for the 1st year during under-cons, it means your property value is very high that it needs you to pay 10K of interest.

My Sales and Purchase Agreement and Deed of Mutual Covenants are dated 28 Dec 2010. So does that bring any difference for the 10k tax relief?

I think we cant claim anything since we are not paying any progressive interest at this moment. It's all under DIBS package.

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Added on April 24, 2011, 3:14 pmAnd btw, I went to the law firm to get these 2 documents last 2 weeks, and the letterhead by the law firm shows that it was done in middle january 2011.

This post has been edited by v33n: Apr 24 2011, 03:14 PM

I consulted EY, it is true that we are not entitled for tax relief during construction period due to DIBS. However, once handed over by developer, we will start servicing the loan + interest. Assuming the handover date is 1-Jan-2014, then the qualified tax payer will get max 10k tax relief for tax return year of 2014, 2015, and 2016.

V33n,
My S&P was dated Dec, likewise the letterhead by the law firm. I suggest you to clarify with the law firm which is the effective date.

Just got a call from my lawyer (Livina and Akhbar), asked me to settle the amount RM 3142 lawyer fee. I didn't get a breakdown of all the items that they charge. Also got extra "differential sum" of RM 32.70 that needs to pay to my bank. Any one else has such thing? How much is your lawyer fee?

Is there still any unit available? Kinda interested.

u can get them to send you an invoice before making payment.
i cant comment as i am the early bird-lawyer fees borne by the developer.

Did anyone receive Progress Billings asking for payment from Premier Green??

Was going through the profile of the Financial Advisor arm of the developer - Newfields Advisor. Least to say - Impressive track record. Hopefully the management team is able to do equally well in property sector.

http://www.newfields.com.my/advisor-news.html

anyone knows if there are anymore units available?

I owned a unit here... I wonder what is the market value now...

Hi guys, i received letter from bank to request me to pay the fire insurance, do i need to buy fire insurance, since the project just started and still under master title?

Hi guys, the Sanderson official website had posted a new pictures.

You mean the work progress pictures ? Saw that quite some time ago but still no photos for April.


This post has been edited by Forever94539: Jun 15 2011, 11:38 AM

Hi, anyone taking loan from Maybank ? I just received a letter from Maybank Etiqa telling me the amount of insurance for my property, do we have to start paying the insurance already ?

I did some searching on google and found on MAA site stated:
If you are buying a property from a developer, which is under construction, the insurance of the property is the responsibility of the developer. You only need to insure the property upon vacant possession from the developer.

https://www.maa.com.my/MAA/ASP-bin/Insuranc...t.asp?ProdID=77


Anyone can explain more on this because this is my 1st property, thanks.

This post has been edited by Forever94539: Jun 15 2011, 11:49 AM

i called to my agent, she told me to ignore the statement and no need to pay, she will request the bank to cancel the insurance woh....

still have left over stock??ard rm400k??

thanks ericng38, think I better call my agent as well.