Ok, no problem. Yesterday I asked the banker howcome only 14 days, she told me it is their policy. Anyone here got their LO from UOB or Alliance? How many days given for signing of LO before loan withdrawn?

After reading so many type a b c discussion. Looks like u guys are saying i buy type B(4) is a waste ?
Pls advise. Thx

They don't mean type B is a waste. Think u misunderstand about this. They were discussing which typed more suitable for invest as well as ownstay.

Cheers

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 If 3 months, a big no and the LO no longer valid.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

Our Chris kor is really professionals, can tell so much just based on the small layout brochure
If given actual showroom then probably he can write a book on his analysis.

By the way bro, I think 3 bathrooms is not a bad idea afterall, 1 in living, 1 in master and another shared among 2 rooms.

Haha layout is somewhat personal, it's hard to have consensus on the layout. I also think it's not a bad idea to have 3 bathrooms. Nevertheless I think his knowledge on banking operation details which is what impresses me more ( than his views on the layout ). LOL.

LIKE+1

Thank Chris for your clear explanation. Since signing of S&P is June, if I sign the LO with Ambank now, will there be any problem? I've called Public Bank today, they already involved as panel bank.

For those who wish to get their loan under Public Bank, please check accordingly.

Oh.. Reliff. Thx for the info guys. My B4 is not extra garden or lanai. It's a build of 1273sq 3+1 & 3bath at tower C. I have the floor plan. Which i request from my agent when i booked my unit. Coz i dont see this B4 type at the notice board. Will upload when i got time

Welcome onboard my Tower C neighbours

Hello ronn

Ok ive just snap the floor plan of my unit B4. Here's the attached.
Hope u bro can advise what u think of this unit type.


Attached thumbnail(s)

Sorry, professional do not have sucks write up like I did.

I simply write using my iPhone, not a real study analysis or what. Lol. Just Chui Sui only.

I mean, I am fine with the 3 toilets/bathrooms too if say the size is 1460 sq ft or onwards. But just not really like it for decent size of 1269 sq ft. I rather the sizes of living hall to be widen. Of course if can I also prefer huge bedrooms for all, which is unlikely to cut the sizes of living hall n kitchen.

Of course I know there is no perfect layout.

Lol.

Hi neighbour, your unit is Type B. If you refer to http://www.kiararesidence.blogspot.com/, you will understand what I mean. Isn't B and B4 exactly the same. Correct me if I'm wrong.

This post has been edited by Xccess: Apr 12 2012, 04:56 PM

Exactly same thought...
Larger family size will likely go for bigger BU, thus 3 toilet make sense.. But 3 toilet of 1200++ unit taken some precious space for bedroom and common area. usually smaller build up cater for smaller size family, thus 3rd toilet sound unnecessary.. IMHO only..

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Added on April 12, 2012, 5:16 pmThe only advantage i see for Type B is the 2 individual carpark if your unit is on the higher floor.. Utility room for storage..

Investment wise, Type A make more sense to maximize ROI, and I dont think for type B, tenant will utilize the 3rd toilet or storage room unless you are renting to family type tenant who want to fully utilize the 4th room and the 3rd toilet..

This post has been edited by twincharger07: Apr 12 2012, 05:16 PM

Layout almost identical but measurements different.

Notice for type A and type B, Living hall wider by 1 foot ..

3rd room swap place with toilet, but rooms build up almost the same..

main difference is yard, 3rd toilet and 4th room..

This post has been edited by twincharger07: Apr 12 2012, 05:33 PM

Really arr?? Why this developer make it so confusing?

The unit of those B, B1, B2, B3, B4 or so on, actually the layout and floor plan is same. Just the size is either differ by 10-200 sq ft ( for 5 highest floor with additional lanai via master bedroom) and larger size of lanai/garden at ground floor.

Standard type is B. Don't get confuse ya.

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Added on April 12, 2012, 6:05 pmYupp. Bingo. +1.

The additional of one feet width at living hall actually looks greater too.



This post has been edited by Chris Chew: Apr 12 2012, 06:05 PM

So its call type B layout 4 .. Haha

Ohh alright, kindly pardon my mistake. Mine is type C, been looking at the floor plan for awhile, may consider hacking away the maid's room if I use it for own stay. Gonna start saving money for big reno work.