Block A takes time to sell until the number as at today.

Heard, block C going to launch later on ard after July with confirmed higher price. If increased another 20k, I still wonder how they marketing it. Lol.

bigger sft maybe?

May be got what ceramic tile until to top of bathroom? Free shower screen?

Found out today that Public Bank just found out that the developer is giving 10% discount, which means no need pay downpayment.
There will be many loan applications affected by this piece of news as the bank will not give 100% financing (based on discounted price).

This post has been edited by -TcT-: Mar 19 2012, 04:02 PM

how about other developments giving 3 or 5 percent down payment and requiring the buyer to pay 7 or 5 percent down payment? is that not the proper way?

good luck..

This is true. My SA told me if appy PBB for loan only able get 80%

KP marketing too heavy for 10% discount. Hence, PBB unhappy with this and acknowledge bout it so, 90% based on after discount price.

Perhaps a lot of buyers would quit bcz of this, including me.

PBB loan officer just called me and she informed me that PBB is reviewing whether to reduce the margin or quit altogether for this project.
Might put off many people, including me!

Can I said 85% of the buyers are pulling off because of this issues?

Still can try UOB and AM Bank. Both is ok for 90%

It's really strange. UOB can ? Why UOB can with this project but not KR2 ? Isn't it double standard ?

How is the offer by both of these banks compared to PBB?

PBB i do not know, cause i havent apply b4.

Had applied this few bank
HLB, 30yrs, -2.3
AM Bank,40yrs,-2.3
UOB,40yrs, -2.3

This post has been edited by StanleyKH: Mar 19 2012, 08:45 PM

Hard to say. If this issue happens with other banks too. My group all pull.

Pay extra 10% ( less than 40k ) and service loan interest for 3 years. I rather use the money buy 2 more units of RM 600k at KR2. ( 3% each unit cost RM 18k ) and DIBS.

Then hope this issues will not happened to other bank.
Agreed with u, will go for other development which has better potential and lower entry cost.

Definitely ...

But strange, no one from lawyer or developer contact me to rush me to apply loan or ....

LOL!~ I almost forgot I did booked this KP too.

sales person was too desperate to pull me into going for KP, even to the extend - promising me that i would draw the 10k rebate in the lucky draw. =_=

turned me off straight away, dont like the way they do business.

They no rush u Coz they know Ur background ...
U booked 2 units isn't?

Chris gor, u think A bank will take 80% max margin for this project since they advertised so heavy on the 10% discount?

---

Added on March 20, 2012, 8:24 amIf I were u, I ll be worried too.

This post has been edited by MaiGehGeh: Mar 20 2012, 08:24 AM

I believe PBB done all its assessment and evaluation based on the price given by the developer, without knowing the actual 10% discount. Hence the calculation of the bank is purely based on the original price, despite all the concern and evaluation into risk, potential growth and etc of the project.

In such, PBB launched their loan offer of the project, which is also the best offer among all its competitors. However they just realized that they are actually missed out certain calculation --- the 10% discount which is not in their knowledge. This result in a different calculation at the point of interest of the bank.

Thanks to the stupid PBB officer of Melaka, who never check the document properly upon submission.

P/s: This was being found out by PBB Melaka in one of the loan submission, and result in the escalation to the head office.