QUOTE(Chris Chew @ Apr 2 2013, 11:19 PM)
Why so rush for loan application since there are quite some details are yet to be finalize yet?
Prior to your purchase, buyers should have been informed by Mah Sing's SA that this current phase is pending AP & DL which will takes few months time, SA said at least 4-5 months. But I foresee much longer.
The current land is agriculture land which status is pending approval from Land Office for the land status to convert into Residential Land. It takes months and I have no idea when Mah Sing submitted the application, but based on Mah Sing's reputation, it can be done within 2-3 months.
Most of the banks EF are yet to be finalize, yet, actually they are in no rush unless Mah Sing able to convert the current agriculture land to residential land with land title premium paid, then developer only able to apply for AP & DL, ( in between banks will proceed for final EF ) which takes 1-2 months and after obtained the approval, then only they can officially launch it and let buyers sign the S&P.
I think estimated, it takes about 5-6 months from now. Depends on how aggressive Mah Sing is going to develop it and launching the next rows or phases. If they slowly and not keen, it might be takes 7-8 months.
even if they didnt inform verballly, it is stated in their fb page 4 to 5 mths.Prior to your purchase, buyers should have been informed by Mah Sing's SA that this current phase is pending AP & DL which will takes few months time, SA said at least 4-5 months. But I foresee much longer.
The current land is agriculture land which status is pending approval from Land Office for the land status to convert into Residential Land. It takes months and I have no idea when Mah Sing submitted the application, but based on Mah Sing's reputation, it can be done within 2-3 months.
Most of the banks EF are yet to be finalize, yet, actually they are in no rush unless Mah Sing able to convert the current agriculture land to residential land with land title premium paid, then developer only able to apply for AP & DL, ( in between banks will proceed for final EF ) which takes 1-2 months and after obtained the approval, then only they can officially launch it and let buyers sign the S&P.
I think estimated, it takes about 5-6 months from now. Depends on how aggressive Mah Sing is going to develop it and launching the next rows or phases. If they slowly and not keen, it might be takes 7-8 months.
Apr 2 2013, 11:26 PM

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