will buyer release the units or get another 50k for Dp?

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Added on January 1, 2012, 11:18 ami dun think that being generalized.... individual financial also do a play in determining your MOF... so which is which we dont know... maybe banks start to practise more stringent guideline...

This post has been edited by twincharger07: Jan 1 2012, 11:18 AM

is not only income but also other commitment and repayment performance.... those who like to pay the minimum for credit card, most likely the financial profile can boil soup liao...

so that means we might b expecting some dropout units when coming to signing snp?

dropout due to non qualified loan..
i believe booking before AP, buyers can hold on to their unit even without obtaining a loan. but until when come to signing snp, all required documents and loan confirmation must be firmed.

i guess withdrawing on a volunteery basis will get booking forfeited, but if loan is not qualified, developer has to refund booking with certain admin charges.. correct me if i am wrong..

which developer allow to sign SNP before AP?

I know all developer do the samething... by law, developer has no right to collect money before AP, so they found a way which is parking the money with the lawyer... (I oso bought those kinna property and between booking and SNP was 3 months).. in short, the developer is not holding your money. You were think AP is to print papers and pamplets? check is there registration number at the bottom of those adverts and check other developer's adverts which already has AP..

please dun say FULLY SOLD when none of the buyers sign SNP, it is just fully booked.. If its sold, why is it still cancellable?

Peace

This post has been edited by twincharger07: Feb 15 2012, 04:32 PM

that is just LO..

the actual is loan agreement which requires SNP to show proof of purchase..

got LO, but no SNP still doesnt workout..

recently developers are making tonnes of money from preview, soft launches and ripping profit from the public..
usually the price of later phases are inflated due to artificial demand created by those booking of the early phase.. those early phases are not even bought yet.. until when it comes to signing snp, in some development you can see units are dropping out one by one and got filled in from waiting list with further increase price..

some of the artificial demand is created by developer during early phase giving the impression that the product is hot selling, which those units are locked by them and release later at a higher price..

stickers on sales chart is a fun game for developers as they can stick and tear to create emotional buys from buyers.. ordinary buyers will always think its almost fully sold and must get 1..

developers can get the whole sticker board filled even before AP..

nothing unlawful about it... we are all trapped by emotions and letting them ripping higher profit..

sorry to make you putting such great efford trying to make up the "link"..
my statement didnt even say developer selling without AP but allow booking without AP.. no SNP, no selling..

Of course allowing booking few months in advance creates artificial demand.. imagine if the time between booking n snp takes 3 to half years, the so called "fully sold" has been artificially created but in actual fact no transaction took place.. witn each phase getting more and more expensive bcos of "non-existance" demand..? no money actually transacted and the price increase because of demand?

When a project is selling with AP, usually it takes longer time to sell off 1st phase because buyers are required to sign snp and get loan approval between 14 days.. it will have less "book now, think later" mentality, and not all buyers will get loan approved as well. developer still need to fill in the drop out units, and get most of the units sold before proceeding 2nd phase..

lawful unlawful? legal illegal? i guess developer has covered their axx, not easy to get them down...

there was a news where public sued the developer for "selling" before launching... not sure what is the outcome now..

went to sales office today, only 3 units left, all are 750sqft.. the rest including bumi release units all gone.. congrates to all buyers.. looks like a good product at reasonable price..

helping a fren to get a unit, too bad bigger units are sold out.. better luck for him next time..

750sqft unit for rm447k.. close to 600psft..

likely before.. thats what the sale guy quote me few weeks ago..

mayb u went after me.. when i was there left 3.. now 2 ...
seems they sold 1 more unit after i left..

yes.. loan reject unit also hard to get.. once AP out, most likely most of them adi sign snp liao..

Yes.. I ask him "I really really interested, do you have a bigger unit?" he say he cant provide anymore, waiting list is long..
it has passed a month.. no one call me for any drop out unit..

Location is strategic.. If they wanna play sticker game, they should had convinced me to leave my contact with them, but they did not, I left my contact voluntarily..

you may try the same trick and see they call you back or not..

This post has been edited by twincharger07: Apr 26 2012, 10:34 AM

like this kind of developer.. its a good way to foster the relationship between buyers n developer, also knowing future neighbors..

kindly elaborate, dont really understand

This post has been edited by twincharger07: May 4 2012, 11:11 AM

sorry.. not good in maths bro..
if 95%, should be how many unit left unsold?

maybe really playing sticker game?

This post has been edited by twincharger07: May 4 2012, 03:37 PM

noob question, how many unit in total?

no doubt Fabio boss... developers nowadays has been doing a lot of suspend drama with nice artist impression and generous packages..
competition is stiff ahead...