Me 37 this year, another 3 more years to 40 . Don't really like Beef Burgers but I would kill for a piece of aged beef steak, preferably rare. Yum yum

I still do pubbing, chilling out once or twice a week but refrain from temptation especially those with emotional attachment, can get kinda messy you know. For those involving money such as nightclubs KTV and SPA will be much better off, take it as a trade. My wife always remind me, if you wanna drink milk, do it outside, don't bring the cow back.

Ur wife so good, still allow u drink milk without bring cow back home.
Myself..no chance to even drink milk, let alone touch the cow

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Added on June 25, 2012, 1:19 pmJust a piece of 1/4 pound steak meat bro, what you think leh?

This post has been edited by ronn77: Jun 25 2012, 01:19 PM

No chance to touch the cow, let alone to drink milk.

shhhh....dun so loud la..shy ler

Can someone please help to see if this is a fair thing ?

In another project with free SPA legal fees, I got charged RM400 for disbursement fees, out of the RM400, some of the items are travelling expenses RM100, telephone bills RM70 and so on. Ghee is it going to happen to KR2 signing ? Lawyers sure have some ways to charge people ?! What are our rights in these ?

Wah got hidden cost. Must ask Chris Bro for advice already.

Bro... Disbursement fees only RM400?? If I were u... I fast fast give liao... Cheaper alot I can said. U don't know lawyer only earn from these fews fees?

What is SPA disbursement anyway ? All the running around passing one document to another ?

I need advice from all Taikor here. My friend submitted his loan to PB, yesterday they gave him a call saying the land for KR2 is a land for Hospital thus belonging to government, due to commercial land and yet to be converted to Residential land title, PB can only loan him 70%.

PB told him if land title converted to Residential then they will offer him 80% because if title remain as Commercial, it will be difficult to get CF in future thus they don't want to take the risk. This is what he told me thus I need to rectify this information if it's true and is there anyway for us to check the land title?

Any Bro here receive this information from bank?

Interesting new info.

Weird, if land title has not change then how come those bank can become panel bank and EF. Some buyers here able to obtain 90% which should not be the case.

Chris kor, this is your expertise field, any comment?

Unless the other banks did not do the work. Only PB did the home work.

This is reason why I post it here the moment I learnt about it. I've already accepted my loan from PB last month and was not inform about this matter.

We seriously need Bro Chris help on this matter.

This post has been edited by Xccess: Jun 26 2012, 12:31 PM

Fyi, PB give me 70% too. Reason given was not due to title matter but more on my commitment which can be reappeal for better margin. I really doubt if the land title has not change yet as believe this is done before developer submitted all the docs to the bank before getting the financial backup fm the banks institution.

Let's wait for our expert majoring in this field "Chris" kor to advise.

Hmmm...whatever it is, we need to dig a little deeper. Paging for Chris Bro)))))))))))

I doubt this is real ( commercial land for hospital )
Anyhow, really must look into it. This is quite serious man....

This is what I heard from my friend after asking him to relate the conversation he had with PB banker. How arrr like that??? Hope to hear some expert feedback before I head out to Scott Garden for my drinks at 4pm.

The last time it was Friday, but now it's Tuesday you also go for drinking sessions. Sounds like you have a nice piece of job.

Ermm...usually I drink on Friday but this Thursday I'm heading to BKK for short vacation so bring forward to today loh. I work from home, flexi hour.

This post has been edited by Xccess: Jun 26 2012, 04:24 PM

That PB really either never do homework or overdid his homework, which the info was 2 years ago. Salute!~

Yes, that land was previously a commercial land, but it was sold to Knox Group in some deal, which is very good deal to the Kiara Resources Properties and Knox Halim Group. That's one of the issue that they can actually sell KR2 cheaper, so with 87% sales, they already in damm huge profit. ( My hint is even they sell KR2 at RM 350 per sq feet, they still in good profit due to this land entry )

It had been converted to residential land and AP & DL tentatively had been obtained by the developer. Anyhow, for me, this is not a big concern, bcz the title can be transfer and convert easily, since the developer able and willing to paid the premium. With Halim in power, sap sap sui.

Let's see what is in the S&P and loan disbursed from our LO is according to the S&P terms and condition as well. Banks would not so stupid and unable to protect us, the clients who pay the loan for long term. I had checked with most banks, the approval memo on this is based on residential land home loan. Even commercial, it is not an issue for 90% bcz the name of condominium ( Kiara Residences 2 ) would change name to service apartment ( Kiara Service Apartment 2 ), short say, nothing to do with the land for the loan financing and margin.


Let's back to your friend loan with PB ...

If commercial land can loan 70% and if residential land then can up to 80% ( means not his income issue )

I think the banker can follow Van der Vaart and Robben go to Holland. Or he watch too much van Persie.

Due to this is commercial land and yet to convert to residential land, therefore only can offer 70%. It is not logic at all. If residential land, it's up to 90% and max 70% subject to 3rd home loan / property declared.

Btw, loan approval for PBB is up to the branch ( some BM with approval authority limit ) and Loan Centre, or it was called Credit Approval.
This is under construction project, where, the project emplacement had been checked and done properly within Business Development Unit before they clarified this is EF and PBB can finance it according to the memo. Credit Department has no such empower to amend the approval authority of up to 90% to 70% due to land issue, unless subsales which not require BDU / EF Team to overlook it.

If this is commercial loan, it is not subject to LTV 70% and can loan up to 85%. Yet, your friend only can be offer max 70%.

Totally not logic at all. Even my friend already signed the LO with PBB for 90%, another friend who signed with MBB, also got the LO from PBB for 90%.

End of the story, the banker must did not check the PBB EF approval memo, so he/she do not know what is the max margin allow for the loan application. So, I only can say he/she did not do enough homework.

Hope it clarifies ....

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Added on June 26, 2012, 5:36 pm

Sorry, read it 2 hours ago but not free to use my iphone and reply.

Busy now, later I check here and keep posted whatever I know and heard, ok? LOL!~



This post has been edited by Chris Chew: Jun 26 2012, 05:36 PM