Thats a bugger. Really no idea why is that. The risk for this project is so high that they cant even take another 4k meh.

err.. Same way they do for every projects bro.
What is so hard to find out?

Hmm .. To be frank , living beside a highway is equally bad, yet this factor can be discounted if the price + location factor comes into play.

Worst come to worst, do as the highway-side living ppl do, keep your windows closed at all times. Or cancel your booking while you still can as no point worrying over 3 yrs .. kekeke.

so weird geh.

here is a good comparison

http://www.horlic.com/mrta-vs-mlta-which-o...loan-insurance/

Sien. Me too.. i submitted 2 fridays ago ...

Kekeke .. yea .. u just made me realise .. on friday the 13th

Cannot be, as developer is still gonna foot the later stages of interest for you still.

Y not just take no-dibs and just foot the interest yourself then.

Btw ownstay or invest? Just curious.

This post has been edited by 1ullaby: May 24 2011, 02:25 PM

Beef up ur case with some proof of savings. While trying other banks.

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Added on May 24, 2011, 8:52 pmMe lagi haih .. now only the banker ask me to resend him some docs, obviously my case hasnt been submitted yet. Sien ah.

First time encounter bankers this slow .. and my usual bank I just submitted yesterday..

This post has been edited by 1ullaby: May 24 2011, 08:55 PM

From my dealings with OCBC, they are a very prudent lot, if you get that rate better just wait for ur other banker's reply while appealing which is tough even tougher is the tight timeline you need to meet.

Found out that OCBC isnt dibs only actually, in fact I get a better rate when choosing non dibs !

This post has been edited by 1ullaby: May 27 2011, 05:08 PM

Seems abit like a waste when the developer is bearing it anyway.

My lawyer did hint to me that this incentive is extendable to "first time application" instead of "first time purchase". Do consult the lawyer on this though.

not entirely true, the reason being if you were to apply for the discount you need to put a disclaimer etc etc submit your application,
and see whether it gets approved or not. in the time being nothing is paid to lhdn first.

are you sure bout the claiming back from lhdn thingy even tho developer is footing it?

neither lawyer firm .. my usual lawyer firm during an idle chit chat only .. i hvnt done it before hence im just sharing what i heard.

hmm .. i cant say 100% ler, but i sure didnt pay the stamp duty for my gf's first house and am still pending, as my lawyer mentioned
that she's gonna apply for me first to determine whether im gonna pay 50% or 100%....

Takan the lawyer firm pay for me first right? let me confirm with her i'll let you know ..... also wanna ask for dis amara ..

This post has been edited by 1ullaby: May 27 2011, 06:17 PM

-2.3 to -2.4 , get dibs then -2.2 , is the rate i got

actually cheeyong is right on the progressive interest, the sooner your unit gets completed with walls, electrical wirings etc, the sooner the disbursement. only during the initial foundation stage and the 'steel structure' stage etc that every1 gets the same disbursements.

btw, most of you guys taking non-dibs? think dibs is more worth it tho no?
coz interest should be 12-15k for 250k loan assuming 2 yrs completion .. my guesstimation only. as well this is not taking into account potential rise in
interest rates during the construction period.

This post has been edited by 1ullaby: May 28 2011, 10:05 PM

im not sure, think this most likely falls under the 'first purchase' or 'first application' question as well, i have no prior experience
in this sorry!

Kochin, I realise commercial-residential properties are covered under HDA, but somehow some commercial titled projects are allowed to not follow the disbursement schedule here, hence the risk in our calculation.

For example, I have previous experience with one that disburses 95% of total amount (deducting our 10% downpayment that will be 85%) upon plastering of unit. with this stage of progress continuing for a certain period of time as theres simply so much more to do, we purchasers are so 'siong'.

But that is a SOHO i have, hopefully with this project its a more conventional residential albeit in a commertial title, they follow hda schedule much closer.

That is an extreme example i have, another one i have is a commercial titled studio, 80% disbursement upon plastering of unit (70% deducting downpayment), also higher than normal.

Or perhaps theres something about the schedules for different nature of development?




This post has been edited by 1ullaby: May 29 2011, 10:09 AM

got it .. so i think we can establish that this is one of the area in which the developer has exploited in regards to commercial-residential when the line is blurred like soho usage.. kekeke

thanks for clarifying

and no ler .. mine is all at best paper gains only .. still much to learn

As pointed out before, some people chooses non-dibs after doing prior calculations on cashflows, taxes, and the ability to offset interest.

But more dibbers will force the developer to complete the development faster and ultimately benefit also the non-dibbers. Hehe.

its not stated in black and white, if any arguments happen to surface i believe those who opted for hq and running out of time has a strong case.
frankly this is a little weird. a little something going on with the appointed bankers?

btw, theres a taikor from the developer who is stationed at the show unit everyday, perhaps any1 who pops by there could clarify with him as well.