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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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cheahcw2003
post Mar 13 2012, 10:18 AM

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QUOTE(1282009 @ Mar 12 2012, 09:17 PM)
Last week was 104 units. So the new figure translates to about 55% sold for block D.
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Considered well done for the current pricing. New condo westside 2 will be launched end of the month @ from RM550 psf. I think DF faced the challence
cheahcw2003
post Mar 13 2012, 12:55 PM

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QUOTE(edmondyjh @ Mar 13 2012, 10:35 AM)
you mean the westside 2 is on the dpc?
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Yes DPC westside 2.
cheahcw2003
post Mar 14 2012, 09:32 PM

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QUOTE(darklander @ Mar 14 2012, 09:05 PM)
any SA here?
PM me the detail pls. i mean the remaining unit "sf, and Price" 10s. superb interested here!!!
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U shd pick from the sales office. If they left 50units they can't list all 50 units for u.
cheahcw2003
post Mar 15 2012, 11:15 PM

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anyone knows how the 10% rebates work? say the SNP price is RM600K, and we paid 10K as booking fee, meaning the credit note will carry the amount of RM50K? (RM600K x 10% = RM60K, RM60K - RM10K that we have paid)???
cheahcw2003
post Mar 15 2012, 11:44 PM

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QUOTE(stevecheahsw @ Mar 15 2012, 11:39 PM)
Hi Cheah, I just received a letter fr L&G for S&P signing, 10k deposit is not refundable and need to pay $1440 for SPA & loan disbursement, total amount is 11,440.
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i am not asking about the deposit refundable or not.
I want to find out how much is the credit notes will be.

Added on March 15, 2012, 11:45 pm
QUOTE(1282009 @ Mar 15 2012, 11:32 PM)
The letter received from developer requested me to furnish the bank offer letter, pay SPA/loan disbursement fees (RM1440) and sign SNP within 14 days. Anyone else received the letter too? Is it for both block A/B buyers?
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Yes i got it.

This post has been edited by cheahcw2003: Mar 15 2012, 11:45 PM
cheahcw2003
post Mar 16 2012, 10:58 PM

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QUOTE(1282009 @ Mar 16 2012, 10:37 PM)
Not sure about SC. But I got the same offer from another bank with similar arrangement and I didn't take it.

Added on March 16, 2012, 10:38 pm

May I ask what's the purpose of the credit notes?
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we paid RM10K and it is considered good as 10% paid, the difference between 10% paid and 10K shd be in the form of credit notes, so that it is a prove that u dont have to pay the difference. But i am confuse abt the calculation of credit notes. Seems that nobody knows how to derive. Will check with sales later.
cheahcw2003
post Mar 16 2012, 11:19 PM

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QUOTE(1282009 @ Mar 16 2012, 11:14 PM)
Do u mean each of us will receive the credit notes?

Shouldn't the credit notes = 10% of SNP price?
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yes, we shall receive the CN. but i am not sure if the 10% shd be from the snp price or 10% from the net price. For example.
snp price RM600K, credit note = RM50K becoz we have paid RM10K, need to clarify
cheahcw2003
post Mar 17 2012, 12:25 AM

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QUOTE(1282009 @ Mar 17 2012, 12:09 AM)
Ic.. I get what you mean now. If u check your sales form, I think the answer is there.

Below from my sales form (price is example).
List price: 700,000
SPA price: 686,000 (after 2% early bird disc)
Part payment: 10,000
Balance of 1st 10% payable: 58,600

So I guess the CN=58,600 and the 90% bank loan that we should be applying is 617,400 (686,000-10,000-58,600).

Correct me if I'm wrong.
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thanks for help. But still need to clarify with the sales
cheahcw2003
post Mar 17 2012, 10:37 AM

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QUOTE(1282009 @ Mar 17 2012, 12:26 AM)
No problem. Do update us as well smile.gif
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Checked with the SA. After we sign the snp, we will receive credit note. Using your example, if snp is rm700k, meaning 10%=70k minus rm10k that u pay, the CN will be RM60k
cheahcw2003
post Mar 17 2012, 12:44 PM

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CN strategy has been practiced by many developers. It's like open secret. Bank also want biz, so most probably they will follow the snp price.

I m surprise that some forumer doesn't know abt CN, meaning u do not aware abt actual price that u bought? Hehe
cheahcw2003
post Mar 17 2012, 12:52 PM

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QUOTE(1282009 @ Mar 17 2012, 12:49 PM)
I can differentiate between SAP and my actual unit price after deducting all the discounts but didn't know developer will issue CN in replacement of the discount. Thought it will be just waived and provided us with a receipt or stated in the SAP or something brows.gif blush.gif
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Ok ok, maybe different staffs use different explanation... But outcome is the same. When u got your CN, we can go out for yum char, celebrate paper gain...hehe
cheahcw2003
post Mar 25 2012, 01:25 PM

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From the map given by Leeyiksheng, not all units are allocated with front back carpark. Some are side by side. So we shall see who are the lucky one got the side by side
cheahcw2003
post Mar 25 2012, 06:57 PM

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Was told there are 10 legal firms handling Foresta case, the lawyer who handle the S&P matter will also handle the loan documentation if taking DIBS under their EF list
cheahcw2003
post Mar 27 2012, 11:16 AM

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QUOTE(CMW123 @ Mar 27 2012, 11:13 AM)
Anyone can confirm the location of the telecom tower? Is it nearer to Block A or Block D?
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Neither closed to Block D nor Block A, Phase 1 is safe from High Tension cable
cheahcw2003
post Mar 27 2012, 06:52 PM

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QUOTE(airline @ Mar 27 2012, 05:39 PM)
Heard many drop out before s&p
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No surprise, with the implementation of LTV 70%, not many qualified to buy.
Heard from friend that now no longer allowed change name for entitlement. SO if u want to forgo your unit, they will just deduct RM600 admin fee and refund u RM9400 (RM10K deposit paid minus RM600).
cheahcw2003
post Mar 27 2012, 07:33 PM

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QUOTE(lenovo_T60 @ Mar 27 2012, 07:18 PM)
What if buyer sign bank offer letter? Any penalty?
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the penalty is imposed by the developer not by the bank, nothing to do with bank or its letter of offer
cheahcw2003
post Mar 28 2012, 10:26 AM

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QUOTE(leeyiksheng @ Mar 28 2012, 10:21 AM)
Wondering the same thing because if I am not mistaken, it's not stated in the agreement unless I missed it.  tongue.gif
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Usually it is not under S&P but under DMC.
I hv not signed mine yet, so can't comment further.
cheahcw2003
post Mar 28 2012, 04:34 PM

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QUOTE(Yennie26 @ Mar 28 2012, 02:54 PM)
can i ask from which bank you guys took up the loan?
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They hv long list of end financiers. U can collect info from the sales office.
cheahcw2003
post Mar 28 2012, 11:03 PM

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it depends on the individuals.
I know a friend, Public bank approved her loan in 3 days time.
Another friend submitted to various banks for 45 days and still no news. Usually if ur CCris is clean, income/ repayment capability is justifiable, it will take shorter time.
cheahcw2003
post Mar 29 2012, 05:35 PM

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QUOTE(leeyiksheng @ Mar 29 2012, 04:48 PM)
HSBC approved mine in 4 days. Th rest of the local banks took more than 3 weeks!  biggrin.gif
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yes i heard this time hsbc and pbb is pretty fast
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