Hi,

Im a newbie here. Booked a unit in block A. I received an email this morning from MBB agent saying that they hve pulled out from the project. there were also some discussion regarding this matter few pages before. Does anyone hve experience with this? Any suggestion or help is much appreciated. 

Hi, did any Alliance or HSBC banker here, PM me, i might need your service. thank.

Hi guys, I am planning to let go of my booked unit on Block A, mid floor, facing east, Type B2. Anyone interested?

Loan not approved.. ...banks damn strict nowadays..prove for rental income also must be six months

How much is the unit ? Which floor ?

I read earlier posts in this thread. some say DF price includes FREEBIES like kitchen cabinet? Is anyone can confirm this?

u from developer?

How much net? Which floor?

Surprise to see trading of entitlements .......and seems developer allows change of name before SPA

Seems that bank is competing to each other now.

Pls DO check with SA/panel bankers if the DIBS scheme is extended to 3.5 or 4 years. Some big project is normally take 3.5 or 4 to complete it and S&P stated developer absorb interest for first 3 years only.

For banks, normally they took the requirement set where high rise is completed within 3 years. Therefore, if you apply 30 years loan it is 3+30.
Banks normally offer up to age 70, as long as the 33 years is not breached the 70, the 30 years loan installment is starts 3 years later.

If 4 years, the developer have to inform bank so, the bank would put clause into the LO for 4+30.

However, even bank put as at 3+30, some banks are not bothering the 3 or 4, and compulsory to beat the interest until completion ( if borrower is fine with it which is not stated into the LO ).

And, yes. Banks are very strict for 2012 regulation. The best options is see what happen after 2 more months as most banks implementing their new guideline to protect themselves for better approval rate. Probably 2nd quarter.

Guys, anyone been to actual construction area? What is block b view beside swimming pool from 29. Floor? Mutiara damansara?

You think impossible? I saw 1st 3 days launched, ppl never think carefully installment future + current commitment. To happened nowadays many loan rejected issued. And the bank negara tighten approval in 2012. Compare 2011, if income rm5k, still easy to buy DF grd flr or price less than rm500psf to get approval.

This is very big challenge this year for DF developer affected high density project.

U Mean, for Foresta, the balance 10% have to settle at the end of construcion? Or the developer bear all?? Seems confusing

banks would not state that bcz no one sure the developer needs how ling for completion.

Therefore, the bank offer developer DIBS and the LO to developer ( after emplacements approved) the bank normally would request developer to bear not only 3 years but throughout the construction period.

But, must inform banks of this is 4 years project. Bcz if the developer is not tier 1, banks normally would reluctant to do or would not approve with higher limit end financing.

I not sure how good is L&G, but certainly not Tier 1. At most Tier 2 or 3.

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Added on February 19, 2012, 5:02 pm
My opinion, most of the 5k income earner, 50% of them actually have extra income and not willing to declare or they have strong savings or parents support of FD.

However, if most of buyers are 5k income earner, that means the demand of this DF are from young group of small family, young couple, senior exe or young first line manager. Then the investment could be in ......

why don't wait for next launching blk C or D...?

hey guys, may I know whether per sq ft price varies from floor to floor??I mean does it apply on this property and the rest of condo in Malaysia market?

any indicative of the new price and discount?