He say IF .... IF la ... so ... I ma ... IF .... IF really no LRT station, ma get 5 units without second thought lo ... lol ... sell back 4 units later stage for additional 10k .... untung 40k .... lol ... Got LRT already 95% fully book ... what's if no LRT? ... Just simply reply ... siow mehhh, 5 units d/p too much ... somemore all LH ....

Ya, I am a BIG GUN wannabe ...

But still far far away ...

A lot of Crouching Tiger Hidden Dragons like MGG Gor and Twin Gor!~

Wahh bro ... your info damm fast and accurate ...

The limit is only RM 40 mil and it just took 6 working days to make the end financing limit burst.

Anyway, I am sure some of the approval are 85%, 80% or 75% and most of this buyers who aim for 90% woulkd probably considering.

For those of you already approve 90% please get the LO and sign it. ANd, if possible dont make any change request such as change loan tenure, add in MRTA, take out Finance Legal cost, which if you do so, the limit is re-open back and you have to wait another 1-2 days for the re-approval.

Good Luck!~

Hope the limit can be extended and also Maybank can comes in as one of the DIBS banker.

How come no OCBC and CIMB ? Sigh.

Haha. They all must be very busy. KR2 too hot to handle. 650+ applications hard to go in within one month.

I am sure 50% of the 650++ units purchaser had submitted the doc and waiting their fate.

You look very happy. Hope your loan can approve the margin that you want.

The prob is too few banks to consider. Only Alliance and Ambank. UOB sigh. Approval based on after discount is damm pain.

Hmm, some bro above mentioned it, but this few days I am too busy, so didn't catch up with SA.

Actually, I not really mind which banks can become the panel, as long as there are at least 4-5 banks to choose ... after UOB, now only can choose between Alliance and Ambank ... at least someone like Maybank, HSBC, OCBC or etc comes in bcz they consider aggressive in developer projects ...
Alliance i can say very aggressive in mortgage but Ambank is much slower pace ... even UOB now not as easy as previous years , worsen still, approval based on AFTER discount ....

Anyway, from general point of view, perhaps its ideal to have only 3 banks which this is DIBS with discount and partial furnished, not all 100% purchasers are genuine purchasers ( esp me, always pick on discount for low entry ), therefore, at the end of the day, only fit borrowers stay and those trying for 90% but end up with consolation 70%-80% margin would cancel ...

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Added on March 29, 2012, 3:16 amYes bro ... we must be positive all the times but, we also must be prepare the worst to come...

Haha, yeah, my life is full of joy if I able to get some gain info and let me sharing my news here whenever I am possible ... And also awaiting this KR2 to be completed but more than 3 years to go ... wonder what is the market going on that year ...

My live is even fruitfull if I can build a bigger portfolio in coming years ... now the market seems not slowing much, only slightly slow bcz 2011 was too great year with BBB mode ...

Cheers!~









This post has been edited by Chris Chew: Mar 29 2012, 03:16 AM

Wow wow wow. Luna Bar or 7atenine ... Both are great places.

For me, one teh ais enough dy. Lol.

Hehe.

Bro. Don't get it wrong. The RM 9,200 is FEC or Finance Entry Cost, which means they put in the amount first including Loan Doc Legal Fee, Stamp duty and Valuation Fee.

Since KR2 is under construction, no VR fee is involve, hence you may get a quotation from Sng & Co for their billing fee. Ex if the billing fee is RM 7,200 so the extra RM 2,000 would deducted from your origin RM 425k principal.

For discount, you may request fr Sng & Co and they have to rebate u.

Hope it clarifies.

Yes bro. Hehe.

Bcz Sng & Co is not allow to let bank know they give u a certain discount where the fee is payable via Bank to Lawyer. That's why rebate system is needed btw lawyer n borrower.

So fast? They not even launch yet... Lol.

What I was heard 2 weeks ago was they had sold the units over their non bumi quota and they seems need to kick some rejected units to maintain the bumi quota.

Haha. Twin Gor.

Type B is the most wanted unit. A lot registrants are queing for this size.

Investors are always prefer smaller units to flip and easier to sell. But Type B, the rooms look quite small Like TZ. Apparently I like Type C master bedroom with walk in wardrobe.


All parking are side by side anyway.

Agree with ur idea. I also always prefer btw 1000-1200 sq ft and 3 or 3+1 for investment if flip and rental wise.

If for own stay, I would go for good layout of 1200-1500 sq ft subject to maintenance fee.

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Added on April 2, 2012, 1:31 amType A released?

Very unexpected they will sell it. Increased by 10k should be ok. But if increase 20k, it could become RM 439 psf onwards.





This post has been edited by Chris Chew: Apr 2 2012, 01:31 AM

Not sure about the lake.

But was told since long time ago that they only starts to construct this KR2 after June/July 2012.

I am not town currently, was told by my colleague that they are opening the Type A and B total 80 units very soon.

Anyone visit their office yesterday?

Hehe.

It was 50% of the bumi lot release and was told total 80-90 units of Type A and B. The developer willing to pay the penalty for early release, so the price sure increase since it was too hot demanded.

The price would be increase by RM 20k for Type A and B. For Type C, no increase but very limited unit.

My findout of my self believe, the 80-90 units are bumi lot plus internal release units.

Estimated 4% increase for Type A and B.

Want it?

Hmm. My opinion, not all are perfect layout.

Type A and B very similar. Just extra 100+ sq ft allocated for maid room/ utility room and worst, 3rd bathroom within 1260 sq ft condo, which made it much smaller. Both middle room and small room are small, same like TZ room size. My opinion, for investment or rental play, Type A triumph.

Type C, of course has the best layout among all. Wider living hall compare to both. Same as Type B, this 1470sq ft condo comprises 3+1 bedrooms and also 3 bathrooms. The master bed has the best layout among all, personal walk in wardrobe to meet it's premium condo at over 660k price tag.

For own stay, I prefer Type C.

For investment, Type A and B has it's advantages. For additional of RM 20k means Type A is RM 439 psf onwards and Type B is RM 435 psf onwards. Type C unchange at RM 420 psf onwards. All after discount.

I would rather Type A than B since only RM 4 psf additional. But, Type B has premium for being only 1 unit per floor, same as Type C. Type A boasted 6 units per floor would create competition among each other if > 60% Type A buyers are all investors for flip after completion.

I don't see why need to folk out RM 80k for additional 3rd toilet and maidroom. But, it's worth for it's premium for being it's price tag of over RM 550k+ and utility room is needed for such medium high end condo and most of all, was told Type B only has one unit per floor.

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Added on April 8, 2012, 4:10 pmYupp. Exactly.

Need to get back to home and reconfirm the 6 units of Type A per floor and 1 unit of Type B for each floor.




This post has been edited by Chris Chew: Apr 8 2012, 04:10 PM

My advise ... wait for 2-3 more weeks.

If really want to secure loan by now, though the S&P only can sign by July 2012, ask the AmBank to consider the pledge FD of 10% and lock for 1-2 years instead of 5 years, it is too long.

I dont think you will get any news from Alliance this week, the new financial year for the bank is just started, new restructuring and new policy ahead, somemore the 40mil EF limit had been burst and pending for increase limit ...

My advise ... better wait another 1 month to consider the best ever suitable package for you. ....

Yes. They still can make changes to it although the LO had released.

Haha. I was very busy this fee weeks. I not even apply my KR2 loan yet.

Twin Gor. I already booked Type C earlier bcz layout issue and probably for own stay.

Now thinking to get Type A or B. Prolly Type A for smallest size but I consider Type B highly due to one unit per floor and create lesser competition when I flip upon completion.

Argh? MGG Gor. Buy one or maybe max two units only. Where got shoot kau kau?

Haha. If Ada news, already buy earlier and shoot more. Lol.

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Added on April 10, 2012, 5:39 pmStill deciding. Maybe change from Type C to A or B.

Or stick to Type C and get one more of either A or B.

I still confusing at my plan. Prolly it's layout issue due to possibility for own stay. Not intend to stay at Type A or B.




This post has been edited by Chris Chew: Apr 10 2012, 05:39 PM

haha bro ronn, if i have enough or a lot bullet, i would go book another unit of Type A and B each now and still proceed with my Type C booking ...

Obviously, I can very agree with you Type C has the best layout among all. 1459 sq feet, actually it's fit enough for a 3+1 condo with over 650k price tag. I like the master bedroom with walk in wardrobe space. And the dining area separated from the foyer or main door, which looks more exclusive.

Another smaller unit of 3+1, Type B has 3 toilets, which was really damm waste of space like Twin Gor said. Somemore, the middle room and small room are REAL small to meet the high end price tag of over RM 550k. The only premium I found this for investment was due to 1 unit per floor, so it require lesser competition to sell off once VP. ( Since Type A has 6 units per floor, therefore, boasted competition among each other to sell faster )

Or else, stick to the smallest size game plan for easily flip, Type A @ 1069 sq feet for 500k onwards before 7% discount. A common 3 rooms + 2 bathrooms. The pricing is quite okay. As studying the floor plan, the living hall is only 10.5' feet, which looks a medium condo rather than a high end condo. Elese, this is the best size for rental play.

could have make decision within 2 days ...

haha ...

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Added on April 10, 2012, 11:55 pmWahh. Type C also got units reserved and release ah?

Got so many units left at Tower 3. When sold out? Maybe last 2 weeks?



This post has been edited by Chris Chew: Apr 10 2012, 11:55 PM

Hi bro, actually it was banks' standard policy to put in "please confirm your acceptance by returning a signed copy within 14 days " from LO date. It was requirement by BNM and also their purpose to do so, is, the LO approval is based on your recent income doc and if delay for further months, it is not comply to the BNM loan approval guideline which is under audit issues. Or can say so, banks would like your confirmation ( which you pen to the LO is meant a sales for the bank ) as soon as possible.

The bank cannot give longer period by re-issue the LO date. Impossible.

However, the banker can re-instate the LO if it was expired by 14 days. The approval is up to the Credit Hub, so if 1 month from LO date, sure can approve and proceed. If 3 months, a big no and the LO no longer valid.

Alliance Bank - Normally can hold for 1 month. Ex. LO Date 1st April 2012, you can signed and returned to banker, he must not submit to HQ before 31st May 2012. After May 2012, I unable to confirm you whether the LO can be re-instate. But if return the signed LO by middle of June, they will request your latest income doc and new LO re-issue.

UOB Bank - Hold the LO for 1 month is no issue too. Hold for 2 months, most of UOB managers told me can, or normally can. But hold for 3 months, normally NO also. If LO expired and unable to re-instate, you need to re-apply the loan and proceed as under new guideline ( if there is new policy prior to the date you apply the loan )

Ambank - LO period valid same as Alliance Bank. But they no aggressive as Alliance, OCBC and UOB. So, everything under special approval or deviation will takes time.

Btw, dont get confuse of the LO date claused ( return the signed copy within 14 days from LO date ) and the clause of " loan availability period" ( which is standard for 6-12 months for refinancing and subsales, while under construction normally 24 or 36 months )

What I dont like about Ambank is, compulsory MRTA.

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Added on April 12, 2012, 3:33 amAiyo bro ... buy for investment and own stay, really need to read and see from different dimension ... no worry bro ... own stay much more easy ..

Investment also depends on which secondary option, such as,
buy and flip before VP to escape competition after all owners took key,
buy and flip within a certain target or 2-3 months after VPed, where the market asking price could be increase by 3-5%
buy and rent out for 1 year then flip
buy and rent out for 5 years then flip

Few of us confuse which to buy because our intention is buy for investment ( flip ) and just in case, maybe for own stay.

Type A - Practical unit. Most investors always look for smallest size unit for easier to sell off after VP, as the price is lower compare to bigger size in case of market not good in demand. Very practical unit for rental play to expat or non family executives of 2-3 persons in 1 unit. Albeit the price per sq feet, a 4xx k ish condo with such concept in KL address, it affordable by many and much potential to increase.

Type B - Practical size of 12xx sq ft. A mini size of Type C. Floor plan of 3+1 bedrooms and 3 baths really look like a high end condo needs. With all these, size of 12xx sq feet might be an issue but increase of size would increase of pricing too. The best premium of this would be only one unit per floor, unlike Type A, boasted 6 units per floor, and like i said, create more rooms to compete each other.

Type C - The only size of all to fit as a tag of high end condo unit. 14xx sq feet for Type B floor plan ( with increase space ) is suitable, albeit the middle room and small room are really small, and does not fit to it's class of over 660k price tag. Further more, 3 years down the road, can sell for 750k or 850k? Of course, I can answer this. The master bedroom has great floor layout and couple with maid room ( or you can refer it as store room ) is ideal too. I could be far more happier, if this is only 2 toilets instead of 3.

For Type B4, sorry, I do not remember what is the extra land size, but I am sure the extra garden land is huge. For own stay, yes, perhaps, some people like it, especially private lanai / garden. Since Type B is only 1259 sq feet, if the garden is only less than half of it size, then still practical enough. If 1259 + 1000 sq feet, then it would be a big headache whether you or the new buyer willing to buy from you at this huge size but only 50-60% of this size is a house. For investment, it increase the capital and also, of course, being the very rare unit and you're the king of your own pricing if the concept really catches most potential buyers heart. Capital and timeframe to sell or rent out is very important for investor.




This post has been edited by Chris Chew: Apr 12 2012, 03:33 AM