QUOTE(Sikit2JadiBukit @ Apr 22 2012, 12:49 AM)
Each proj diff, each bank also diff. My bro bought The Square @ OneCity as 3rd prop under Commercial Loan, borrow 85%.
I believed all the project and banks offered is the same because both of them are bound into the same agreement from BN and HDA. If residential(even for serviced apartment built on commercial land), it will definately be tight to ltv 70% if 3rd props. If commercial, 85%. SOHO falls under commercial so can get 85%. I have not gone through any SOVO or SOFO agreement yet so I'm not too sure but I assumed is the same term and falls under commercial loan@85%.
Added on April 22, 2012, 1:58 amQUOTE(Sikit2JadiBukit @ Apr 22 2012, 12:41 AM)
Sometimes on the same land they build SOHO & Residential e.g. Flexis One South. I don't know what you ask him, maybe this project is the same concept.
I didn't ask him anything but I just felt weird when he said SOHO=100% residential.
On the same land consists of SOHO and residential suite, is because the entire development is sit on a commercial land. And, only the term serviced apartment can be endorsed as residential suite that built on a commercial title land.
If the land is residential land, SOHO or whatsoever will not be able to build on it.
This post has been edited by clanzkiller: Apr 22 2012, 01:58 AM