To answer your question - ask yourself if you are businessman would you want to incur unnecessary costs when the SPA expressly did not mention about the hob & hood.

Saw the free map in the iprop expo. Plus point for BSD folks IF it would be materialised in future.

Speculation on possible MRT line 3 from Sg Buloh to DA(missing station)/Kepong/Selayang/Jinjang/../KLCC.




Attached thumbnail(s)

I asked the SA on this before and she confirmed that the cabinets indicated in the agreement include the hood and hob. Yes, it's just her verbal confirmation. But I believe Sri Damansara will not risk damaging their reputation if they have three more phases to build and sell? I own one property from them and so far, they have delivered.

At what stage is this new MRT line? Under proposal? Approved for future?

---

Added on June 18, 2012, 6:05 pmFound the information in another LYN forum

http://forum.lowyat.net/topic/2108645/all

This post has been edited by CMW123: Jun 18 2012, 06:05 PM

Any body received they s & p stamping .?

my last check was the directors will only sign the snp in July.
Buying time maybe?

My s& p sign on mid April, but until now still at developer there, not stamping yet ! Already follow up with incharge person, she reply is not enough staff, fr my signing date until now already 2 month,
1) if no rush for stamp why we need sign early ..?!
2) 42 month DIBS From SPA Date , if delay for VP , we have a right to charge 10% intrest per annual, if delay for stamping is unfair for us ...!
3) As I know not only me delay , a lot buyers also same ...

Any comment about this issue ..?!

---

Added on June 20, 2012, 12:58 amMy s& p sign on mid April, but until now still at developer there, not stamping yet ! Already follow up with incharge person, she reply is not enough staff, fr my signing date until now already 2 month,
1) if no rush for stamp why we need sign early ..?!
2) 42 month DIBS From SPA Date , if delay for VP , we have a right to charge 10% intrest per annual, if delay for stamping is unfair for us ...!
3) As I know not only me delay , a lot buyers also same ...

Any comment about this issue ..?!

This post has been edited by stevecheahsw: Jun 20 2012, 12:58 AM

If S&P is going to be dated in July means that L&G only expect VP at end of 2015 (42 months from S&P date) to avoid any LAD

But understand that constuction already started in 2011, right? So they are taking more than 48 months to complete??

---

Added on June 20, 2012, 9:57 pmHehe, got it...

Just took a look at the brochure, it is stated as "Expected Completion : Dec 2015 (subject to final confirmation)"

Guess we are the naive ones...

This post has been edited by CMW123: Jun 20 2012, 09:57 PM

You should all write in officially regarding this delay. Typically Spa should be signed by developer within 1 month max after u have signed

Also how is the sales for block D now? Slow or almost finished? Wonder when they will launch block C and at what price

The last i saw at the showroom still have about 20% unsold for Block D.

According to the SA, so he said, that there are many interested buyers but because the unsold units are high floor (costly) and also left those facing west so many of them are waiting for Block C launch. Heard that it will be in July, but no sound of it yet...

May i know is your loan stated 42 mths as well?

if not forgotten , laon agreement stated 36 month only.....! how about your...?

this project is under DIBS, but S&P stamping date is very important to us...! if developer have any reson to delay the project, after 42 month from SPA date, we can bill 10% per annual of the purcharse price. now developer obvious delay our SPA stamping date..! my signing date is 15 april 12, now still in developer there, pending for there sign....ai.....

I took OCBC, it states 42 months... But I signed my offer letter in Feb, shud have waited longer b4 applying my loan la...

For DF, It should be 42 months....

What will happen if bank offer letter or LA stated 36 months (from date of signing, eg. March 2012) but project only completed after 42 months (eg. Jan 2016)?

After Sept 2015, bank will not disburse further loan?

The bank will request a formal write in letter by developer, stating they will complete the condo by anor 6 months and must stated the reasons why unable to complete in given time during DIBS acceptance ...

After that, banks will extend the loan availability period and your loan still release even after Sept 2015 ...

P/S : Btw, if the developer already declared that, this project is going to complete by 42 months, the LO shall change from 36 to 42, bcz the bank offer the DIBS scheme and package to developer would be stated 42 months and probably the banker did not acknowledge that this DF is actually 42 instead of 36 ...

What if the bank LO states that the DIBS is 42 months from the date of the LO? If there is a delay, do i have to pay for the interest between 42 months from the date of bank LO and VP?

Is it normal for the bank LO to state xx months from the LO date or it is more normal to be xx months from the date of the S&P?

Depends on respective banks DIBS letter offer to developer whether it was stated "42 months from the date of bank LO and/or UPON COMPLETION VP"

normally, for DIBS, you no need to pay progressive interest if the project delay for over 42 months. U must ensure whether the developer said strictly for 42 months only or until VP.

It was standard for banks to state 42 months from LO date. Standard was 36 months ( highrise), if the development is big, they will declare the completion takes 42 or 48 months. They must declare to banks upon applying for EF and banks will isdue their DIBS terms and condition where they will insert all above included the agreed packages, and it must be accepted by developer bfore the banks call sell the product to buyers.

If the developer takes longer than 42 months, by 39-42 month period, they must stated the reason of delay by write in to the bank and all the loans would be extending the loan availability period.

Make sure, for DIBS, you must read the LO properly.

Believed that it was discussed in this forum before. Everyone was complaining that the DIBS is not stated in the S&P and the developer also provide no black and white on the DIBS. Come to think of it, there are also no brochures from the developer at all which state DIBS.

If I ask my lawyer friend, he will advise that legally a grey area since no black and white also cannot be deemed implied because there is no such brochure or marketing material which state so. Only verbal from the SA. Hehe...

I hope the developer will do the below. Then I will have not too much of concern.

"If the developer takes longer than 42 months, by 39-42 month period, they must stated the reason of delay by write in to the bank and all the loans would be extending the loan availability period."

---

Added on June 26, 2012, 12:53 amThe DIBS is stated in my bank LO and also in all participating bank brochures/leaflet/pamphlet..

An excerpt from my LO..
"Monthly instalments to be made via auto debit upon expiry of Progressive Paid by Developer (PPD) scheme"

Since they didn't state how long is the PPD in the letter, then I guess it should be ok whether the con period is 36, 42 or longer months. I was more worried about the loan disbursement part due to any delay.



This post has been edited by 1282009: Jun 26 2012, 12:53 AM