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 Palace Court @ Kuchai Lama, Updated with show unit pics!

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TSsyncronyzer
post Jan 14 2012, 11:54 PM

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Since now everyone is starting to sign S&P. We should talk about the coming future. Haha.. for e.g. forming a virtual committee to ensure BHL beautifies the low cost apartment as planned (or rather as promised..LOL), to find out if there's any buyers for the shop lot and what's the plan for the empty land in front of PC and other matters. I know it's 3 years down the road but it would be good to start...haha

This post has been edited by syncronyzer: Jan 14 2012, 11:55 PM
TSsyncronyzer
post Jan 16 2012, 10:08 PM

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QUOTE(christ_0205 @ Jan 16 2012, 04:31 PM)
I am still waiting for my loan  cry.gif
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Why so long? Can't get 90% or what?
TSsyncronyzer
post Jan 17 2012, 01:49 PM

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QUOTE(Canopies @ Jan 17 2012, 01:27 PM)
whats the price now?
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Maybe can give BHL a call at 03 2278 1118
TSsyncronyzer
post Jan 22 2012, 07:27 PM

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http://www.theedgemalaysia.com/in-the-fina...-hsbb-deal.html

Check this out guys, Palace Court will be UniFi ready smile.gif

BTW, Gong Xi Fai Cai!!
TSsyncronyzer
post Feb 1 2012, 12:51 PM

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Anyone knows if construction has started or not? or any activities at the site? hehe
TSsyncronyzer
post Feb 1 2012, 11:14 PM

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QUOTE(kgpn @ Feb 1 2012, 11:06 PM)
Hi guys, today I just sent in my loan app for HSBC -2.35% and HLB -2.4%; both full flexi plan. Wish to ask ur advice if it's ok to seek lawyers if they are non panel? If not mistaken the sales guy from BHL cant promise their panel lawyer to give discount/waive the legal fees; but my banker can recommend lawyer who can give up to 50%.

Also, on the loan I think HLB is slightly better than HSBC as the lock down period is 3 yrs vs 5 yrs.

It will take a week for them to revert back to me. So I need some advices which bank is recommended and/or taken by majority of the buyer so I can make the right decision.
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Don't go for bank's lawyer. I did that and BHL's panel lawyer warned that it might forfeit the DIBS package due to different lawyers handling it bla bla.. (basically they want our business la since SPA fees are FOC).

I am now in the process of transferring my loan documents back to the BHL panel lawyer...
TSsyncronyzer
post Feb 2 2012, 06:40 PM

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QUOTE(1x2x @ Feb 2 2012, 11:43 AM)
I thought HLB is not panel bank thus no DIBS for this project?  I'm confused.

One more thing, is the loan from HSBC for this project (with DIBS) consider as islamic loan?  I havent get loan approval until now sad.gif
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DIBS is confirmed for UOB, HLB, HSBC and KFH. Not sure about other banks at the moment. As for HSBC, most of their loans are islamic (easiest way is to detect the letter i in your plan's name..haha). Ask your banker for more details?
TSsyncronyzer
post Feb 5 2012, 03:03 PM

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Why don you try UOB then?

TSsyncronyzer
post Feb 6 2012, 11:11 AM

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QUOTE(1x2x @ Feb 6 2012, 11:08 AM)
UOB loan margin 76% only due to developer rebate.  cant afford T_T sob sob
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Oh..not your first property is it?
TSsyncronyzer
post Feb 7 2012, 05:06 PM

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QUOTE(kloug_ex @ Feb 7 2012, 03:32 PM)
Hi bros and sis,

Hi..I am owner of a unit in 5th floor...I just signed offer letter from the bank..

I am still noob here, just want to ask that how do you guys confirm that BHL offers DIBS package? Is it verbally only or would it be stated in SPA? or any letter from BHL to confirm this?
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I have a separate letter from BHL saying that my unit is indeed DIBS.
As for SPA and loan agreement, as far as I remember, it is mentioned as well.
TSsyncronyzer
post Feb 9 2012, 04:14 PM

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QUOTE(cheeky117 @ Feb 9 2012, 04:06 PM)
hi there

first of all, it's really great to see buyers of Palace Court so conscientious about the whole project
this has comforted me a lot

i booked a unit on Block B.. managed to obtain 90% (sort of) loan from UOB but not penning anything yet
just received copy of SnP from lawyer Michael Chen and realised DIBS was not in the agreement, had to call the lawyer office to clarify.  this happened to my friend who purchased Block A as well. 

following the discussion has helped me understand more, cheers to u guys!!!
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So is your lawyer going to include it in? I also dont quite remember where in my S&P it was stated, don't have a copy with me but it was definitely part of the loan documenets that I signed. It was a seperate piece of document specifically stating on DIBS.

Which unit did you buy? So I can update the owner listing in the first post..hehe
TSsyncronyzer
post Feb 9 2012, 04:33 PM

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QUOTE(cheeky117 @ Feb 9 2012, 04:31 PM)
i was thankful that my friend highlighted it to me cos his SnP also did not include the DIBS.  I brought this up to the appointed lawyer and I was told that it will not be in the SnP (something about Bank Negara ruling) but they will prepare a separate letter to be signed.

wonder if this is legally valid enough ?? any input???
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For me I have a letter from BHL and also definitely mentioned in loan documents lor from UOB.. I hope that is enough lar..
TSsyncronyzer
post Feb 9 2012, 06:04 PM

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QUOTE(cheeky117 @ Feb 9 2012, 04:39 PM)
i didn't get any letter from BHL wohh.. mind telling me which paragraph or section mentioned in UOB doc?? i'm still holding the letter of offer
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I signed a separate document from UOB which says that the project is under DIBS (with the caveat that we will need to pay the interest if developer fail to do so).
As for the letter from BHL, it clearly states that my unit (with my unit number) is eligible for DIBS with panel banks (i.e. UOB and KFH). Its signed and issued by BHL's director Dato Lim Boo Kian (I only have the faxed copy though, I requested it from them when I applied for loan)

This post has been edited by syncronyzer: Feb 9 2012, 06:06 PM
TSsyncronyzer
post Feb 9 2012, 08:16 PM

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QUOTE(christ_0205 @ Feb 9 2012, 08:12 PM)
I finaly got my loan and now i am looking for more advice on S n P so do I need a letter saying this is a DIBS and I do not know if this is good enough kindly share your findings and experience thanks

syncronyzer I am joining your group
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What group you're referring to? haha
TSsyncronyzer
post Feb 10 2012, 10:10 AM

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QUOTE(christ_0205 @ Feb 10 2012, 09:49 AM)
The palace court owner's group ahhaah so you jadi the president la
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Hahahaha... we'll see how it goes rclxms.gif
TSsyncronyzer
post Feb 10 2012, 06:10 PM

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Anyone got their stamped S&P back yet? Mine is on its way from YC Pang.. only thing pending is the loan agreement now..


Added on February 10, 2012, 6:14 pm
QUOTE(Jt83nl @ Feb 10 2012, 10:20 AM)
Hmm in fact I'm still hesitating.. Can I get some opinion Here .. Is kl palace a good plc for investment bcoz my prior plan is for own stay bt I get another house for stay dy so now not sure shd let go or keep .. Any opinion?
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Maybe this would help. A snapshot of my conversation with another fellow forumer here:

Cons:
1. Abandoned shop lot near it. But everyone believes that with Palace Court under construction now, it will attract investors to buy that shop and re-open it. Imagine having 496 units of people using that road everyday.
2. Not as high class compared to other boutique styled or green building index condos. But I am buying to rent or sell. As long as it is near "wong" area like Kuchai Lama and near (not right in front) of highway.. good enough. It's 10-15 minutes away from Sg Besi and the city centre..and it's not that far away from PJ as well.

Pros:
1. DIBS
2. Proven record by Dynasty Garden next door. My sis bought at 200k. Now can sell at 440k even that area is so jam and Palace Court diverted its entrance to a less jam area (thus having the abandoned shop lot at the entrance, give and take situation)
3. Near to highway but not right around the corner so noise won't be a problem (as opposed to The Leafz)
4. Can just walk to thousands of shop lots and pasar malam (Kuchai Lama)
5. Although not roof top infinity pool or sky garden type of wow factor (like fancy beach style pool @ Le Yuan), it has all the facilities needed and it has KLCC view (and future Bandar Malaysia too)
6. Small square feet is easier to let go/rent

Just my 2 cents icon_rolleyes.gif

This post has been edited by syncronyzer: Feb 10 2012, 06:17 PM
TSsyncronyzer
post Feb 11 2012, 02:51 AM

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QUOTE(parker87 @ Feb 10 2012, 09:15 PM)
palace court, any unit left? my sis interested with oug kuchai lama condo..i went to The Z office last few days..only left break tank floor unit and lowest like ground floor unit ><!!!
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Last I heard was Tower B still got 20% left
TSsyncronyzer
post Feb 11 2012, 12:47 PM

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QUOTE(parker87 @ Feb 11 2012, 11:53 AM)
Leyuan pre launch start from 600+k ..too exp ady...SEringin selling how $ ??  AKISAMA IS under commercial ?


Added on February 11, 2012, 11:55 am
really? hope not left 14floor or top floor unit ><!! i will go their office by next week ,wish me good luck  sad.gif  rclxub.gif
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They're open on weekends as well as far as i remember. Go try your luck lor. Else other choice at similar price range would be The Leafz...
TSsyncronyzer
post Feb 14 2012, 10:23 AM

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Hi guys, just got my stamped S&P back!

Surprisingly, they actually made amendments after I signed it the other day! Is this even legally right? Haha.. but good thing is, amendments were to make it better:

1. Kitchen tiles has been revised to ceiling height (when I signed it was 1500m still)

2. They split the amenities into 2 sections. Guard house, nursery is seperated as "services" instead of facilities

3. A reading room/library was added to the facilities listing

Anyone else got theirs back and spot differences?
TSsyncronyzer
post Feb 14 2012, 02:26 PM

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QUOTE(MasterZen @ Feb 14 2012, 02:22 PM)
Hi, I am new here. I'd purchased tower A, 16th flr. Will be getting my SnP soon.
FYI, you can request the standard letter for DIBS from the developer.
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hey.. welcome!

yeah.. some of us already got that letter from BHL

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