HSBC plan I signed is not islamic, but I think better to get islamic plan to get 20% disc on FA stamp duty.

As per what my friend working in HLB as branch manager told me, there is no DIBS for this project, no record shown in their system.

UOB loan margin 76% only due to developer rebate.  cant afford T_T sob sob

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?

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.

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!!!

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

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???

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???

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

Hi All, I have book for a unit at tower B. i plan to let go my unit, anyone interested? 936 sqft .... high floor.

I have do a summary of the queries On Deed of Mutual Covenants (DMC)
thanks for your highlighting all these.. may i ask which lawyer is servicing you?
i'm about to make appointment to sign with the SnP.. wondering if all these qualms about the DMC clauses has been ironed out?
this is getting dodgier n dodgier



1. Clause 5: Service Charge & Sinking Fund

    We were being told that the service charge is RM0.20psf & sinking fund is 10% of the service charge so means total of RM0.22/ sqf. However, this is NOT being stated at all & even not stated in the First Schedule. How to secure our rights? If you read clause 5.4, 5.5 and 5.9. The Management may increase service Charge.

2. Clause 6.3 In the event the service charge collected by management is insufficient to pay....., the management shall have the unequivocal right to stop maintaining and repairing the common property and facilities.

3. Clause 9.7 ...........the Management shall be entitled to formulate additional rules and guidelines in relation to the Renovation of the Parcels in Palace Court @ Kuchai Lama to complement or alther the present guidelines for the renovation.

* if we agree this clause, it means that the Management can add in any rules they like...i think at least need add in the sentences "with agreement of all the purchaser"

4. Clause 10.1 The Purchaser shall at all times duly observe and compy with the House Rules. The indicative House Rules are annexed hereto as the Third Schedule and the same shall be subject to changes and amendments by the Management from time to time and at any time hereafter at its discretion.

* So they can change any rules lo.....

5. Clause 16 security system .... The developer does not warrant the performance, operation or adequacy, quality, upgrading of the security system. So how abt the cctv that they provide?!! Is it not warrant in this clause?


6. 2 covered car parks are NOT stated in any clause or schedule in DMC or S & P
Actualy I am first time buyer.. I not really knw all this should be standard clause in DMC or not.. I just feel like unfair to purchaser like us if anything happen cause all the clause is protected developer only. Hopefully you all give some comment.

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

What group you're referring to? haha