m city kah?

not all are taking dibs.
wish them slow fire cook great meal.
wish them bill as late as possible.
SA say the earliest billing should be march 2012. looking at the site now, still a jungle. completion of foundation should take at least 6 months after earthwork. that's how he derive march as 1st billing date. that's why i say, by that time ipad4 also out liao.

thanks for the great superimposed layout pic.
a picture paints a thousand words.
good job.

just a thought: mid floors will have best views actually. higher floors will see the cement depot because you're looking down.

PS: came back from there just now.
comments on showhouse:
1. tiles could be better. it seems ...dull at best.
2. washroom is quite big and roomy.
3. rooms are decently sized. a lilttle compact but shall do the job nicely.
4. bed 2 is good. only concern is the noise from the ac ledge. that's why they lifted the windows much higher than normal. to clear the ac ledge obstruction.
5. i would have thought bed 3 is too small from the brochures but turns out quite a nice size.
6. kitchen is good. the renovation contractor did a good job with it.
7. living and dining lacks a little width. if there's additional 2 feet wider would be nice. thank god for led tv else really jialat
8. bath 2 is big and roomy. nice!
9. yard, no comment.
10. foyer. a little too lengthy. would have been nice to cut back by two feet to have additional space in the unit.
overall, thumbs up from me.

btw: as of about 12.30pm today, there's 35 units left. 6 units in block a. i think 5 in block b. and the rest from block c & d.
still got units below rm300k.

This post has been edited by kochin: May 21 2011, 02:09 PM

spa can sign first without securing any loan, right?

too many versions.
very confuse.
any banks that offer the following:
no DIBS, include financing for legal fees, no MRTA

for loan amount approx rm250k, can go for non-dibs, include legal fees and minimum lock in period with no mrta?
if can do, let me know your rates.
pls pm me in case i missed your reply in thread.
thanks.

how much?

both.
there's a thread on it.
but highly doubt that SC is able to advise you properly since everytime i ask them questions, there have never able to answer me back anything at all.

developer paying on your behalf does not means you can't claim back from LHDN.
even if they are not paying for you, you still need to pay full amount and claim back from LHDN.

when you mention your lawyer, are you referring to either SC or TAK?

another reason why i am not going for DIBS

LHDN operational procedures in Malaysia has always been take first, refund later.
eg;
1. salary. automatic deduct for income tax first and kira during submission
2. dividend from shares automatically deduct 25% and kira during submission for refund (if any)
3. selling of property. automatic deduct 2% of your selling price as RPGT tax. kira during claim back time

u sure that we need to 'apply' first and not they claim us first?

---

Added on May 27, 2011, 5:34 pmrefer
"Faedah pinjaman perumahan (mesti memenuhi syarat-syarat kelayakan) terhad 10,000"

fyi, am not a tax expert. better to refer specialist for any other tax matters. just sharing what i think i know only.
cheers!

This post has been edited by kochin: May 27 2011, 05:34 PM

and make sure to update everybody here or at least pm me.
cheers!

i don't know if my advise holds any weight but here's my 2 cents worth based on my readings for the last page or so.

dibs vs non-dibs.
it's really a customed thingy for each individual. some have higher capital to invest, some don't. some might have standby surplus cash to pump into the loan, some don't. so there's no really clear cut answer to this question. but being all equal, i would assume non-dibs will result in savings. firstly, it is absolutely true that purchasers are being billed based on stages of completion (or commencement depending on the description of schedule H in the SPA). if under ministry of housing, it should follow the conventional billing based on completion of:
a) 10% upon SPA
b) 10% upon completion of foundation (for the building)
c) 15% upon completion of structural frame of your unit (not building)
d) 10% upon completion of the walls to your unit with doow & window frames
e) 10% upon completion of the M&E and roofing to your unit
f) 10% upon completion of internal and external wall finishes
g) 5% upon completion of sewerage connection to the project
h) 5% upon completion of infrastructural works
i) 5% upon completion of drainage to the project
j) 12.5% upon vacant possesion
k) 2.5% + 5% upon VP but to be held under stakeholder
for more information, you can try this:
http://www.hba.org.my/laws/housing_reg/200...H/schH-2007.htm
or you can try googling SPA schedule H.
a few notable points for calculation of the interest. the interest chargeable will only hit the maximum upon VP. BUT at the same time, when VP, you can theoretically start leasing your unit or you may move into your unit liao.
so the highest chargeable limit of the loan prior to getting your keys will be capped at 70% of your purchase price (bcos you pay the first 10% and the last 20% coincides with handing over date).
and the 70% is distributed over a period of approximately 3 years and thus interest chargeable will be minimal. fyi, the date of the first billing would be quite some time from now because foundation could possibly take a few months (some even >6months). so interest chargable would only be 10% of your loan amount. and from 1st billing to 2nd, there is also a big gap in duration because developer needs to build to at least level 8 to start billing level 8 purchaser. again, to build 8 floors would take minimum 4 months (based on 2 levels per month). so you may potentially be looking at serving interest upto 20% of your loan amount in about a years time. let's not forget, some may have capital reserve and if he/she wishes to dump in capital repayment of about rm25k, they will be able to ofset a lot of interest. think there's a lot of investor who have this amount as reserve anyway. guess this pretty much gives you an idea of the amount of interest involve for your calculation assumption.

stamp duty waiver
as far as i know, this is applicable for first purchase and price of property below RM250k only (but i think this amount has been revised to rm350k). the RM220k/RM250k/RM280k limit thing is meant for 1st time purchaser who draw a salary of rm2.5k and below to qualify for 100% loan. this is the government's my 1st home scheme. i think most will be more interested in the stamp duty 50% waiver scheme. you can try http://imdavidlee.com/50-stamp-duty-waiver...ouse-purchased/ for more information. better yet, check with LHDN.

good luck guys.

commercial properties need not adhere to HDA rulings but of late, commercial properties with residential purposes have to adhere. that is why commercial properties meant for residential purposes will carry names such as 'residences, serviced apartments'. amara falls under this category. i have previously asked and they are following hda schedule. if any deviations, should i will query the lawyer and raise the matter to hda.
commercial properties with a hint of residential usually carry names such as suites, soho, etc.
soho is strictly under commercial and not residences.
dbkl/authorities are drafting rulings for commercial properties meant for residential purposes and should be out soon if not already.

seems like you are doing pretty well with your purchases as well.

it's the columns or shear wall to the unit.
the frame of your unit.
eg. usually up to roof beams to be certified by c&s engineers or architects.
so to bill level 8, level 9 slab needs to be casted in concrete.

like that also you know ah? really geng!
congrats on your mirage. looks like you got very very good returns from your prop lately.
did you buy any TS?
so if you are disposing your mirage, where do you intend to stay?
amara???!!!

400k meh?
i think my usual solicitor will give me this rate at rm450k loan liao.

it's not the ipad i'm interested in.
it's the bloody SPA legals fees i'm worried about.

is it mandatory MRTA?
is it mandatory DIBS?
can finance the MRTA in the loan?
can finance the loan legal fees in the loan?

if taking non-DIBS, no MRTA, financing with legal fees, can???
thanks.

these bankers are a bunch of jokers.
giving all sort of packages and then suddenly streamlined to standardise package.
if that is the case, they shouldn't have asked whether this, this or that. straight away upfront say we ONLY offer blah blah blah.
and the thing that puzzles me is we are suppose to be the customer/consumer and we should be requesting what we want.
imagine you go kfc, u request 3 piece original. the girl say cannot. today i only sell burger. so you take the damn burger. then she say you must order wedges too. and because you are too hungry, you don't care and just say ok.
again the girl ask you for your drink selection. you say pepsi. the girl again told you no. for burger combo, you must either take seven up or upgrade to orange juice. DAMN!
say dun want drink. the girl say if buy burger must order drink.
F@#@$%!!! ok, take the bloody seven up.
finally the girl say 'would you like some dessert'? you say no.
the girl say if no then there's additional surcharge of rm5!
$@##$@!#~!!!!!
you yell "GIVE ME THE CHEAPEST DESSERT YOU HAVE!".
then only the girl say out of dessert liao.
please go to the next nearest branch.