use this project part under my 1st home scheme? we apply the 100% loan

how did u find out in such detail?

I believe this is the highest possibility if the bank wants to call off the offer. The bank didn't aware of the discount at all until they see the loan submission of 1 of the buyer from Melaka. I guess they know that by offering such package, they are actually making less profit. Still this is only my personal opinion, not a confirmation by any party.

About the case in Melaka, this is confirmed by a SA. Problem started from a branch in Melaka, as an officer submitted everything without taking out the 10% discount document (which is not required for loan application). Such "Appendix" lead to a mess and result in...what you can see right now.

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Added on March 20, 2012, 2:23 pmThis make sense as well if PBB is not aware of the 10% discount, hence they offered the best loan offer among its competitors.

AM, UOB and HLBB are ok with the 90% loan amount even they know the 10% discount from developer, because this is still not affecting their interest (Look at their offer and you will know, compare to PBB's offer)

I believe PBB will still finance the project, but they may reduce the loan amount or revise the interest package.

This post has been edited by chwlim: Mar 20 2012, 02:23 PM

chwlim, thanks for the update

Confirm with my SA, if apply PBB only can get 80% but not sure how the interest rate. Anyone here know how much interest rate that PBB can offer?

This post has been edited by StanleyKH: Mar 20 2012, 04:16 PM

No problem.

If PBB is cutting down the loan amount, while maintaining the loan offer, then the package should be same as current:
1st year : BLR-2.50%p.a.
2nd & 3rd year : BLR-2.45%p.a.
4th year onwards: BLR-2.40%p.a.

This post has been edited by chwlim: Mar 20 2012, 04:24 PM

How is this different to other banks ? If it is DIBS, the 1,2,3 year interest will be billed to the developer, so the figures are not so important to the buyers, right ?

Not sure. Heard other banks are giving -2.30% max.
I thought this project is not under DIBS?

Okay okay, jumped to conclusion wrongly.

This post has been edited by tmc: Mar 20 2012, 04:41 PM

No problem

how is the sales of this prop up to now? is it still bad?

Ya, my background shows them this feller sure cancel unit, no need waste time and rush him ... lol ...

Haha, A Bank ah ... As far as i am concerned, they do not finance this project due to overprice by 20% I not sure whether they will appeal for 80% or 85% margin with limited financing ...

LOL!~

Aiks... I'm always think of positive side. No problem for u to had 2 units.
Wah, A bank so straight edy... This project under which branch? Puchong also?

Chris gor + MGG gor.. reli wu lui.. keep on searching place to invest..
Mining gold mine..

Check with few banker of PBB, they not doing this project, means no more PBB liao....arr their interest package so good, too bad they not do this project ><

Is this confirmed? Not even can loan 80% from PBB anymore?

Wu lui = ? no Money right?

Haha. Hong Gor.

If I U Lui ( got money ) I already venture into retail shop office or million million dollar deal.

No need find this kinda 300k + products and yet invest with risk.

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Added on March 21, 2012, 12:52 pmA Bank valuer said KP overprice by more than 20%, so either no deal or proceed with max 80%.

If for me, I rather the EF reject. Lol.

300-400k project give 80% means ask the banker zhap sang and target those clients with 3rd prop onwards. Right mou?

Ya. Puchong team.



This post has been edited by Chris Chew: Mar 21 2012, 12:52 PM

Get few reply from LYN guys who do mortgage loan, they say PBB not do this project

Really?

Previously I asked, they said they doing. Now taken off? Danger then.

PBB is always the developer main bank no matter bridging or OD or EF or etc for most of their projects.

If they do not finance this means fishy dy.

if its already overpriced now, how would it be a good investment? newbie in this lol.