At last there are something to proof me 2012 is not a slow season.

Damansara Foresta also can sell so exp and people still BBB ( if )

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.

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 pmMy 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 ......

This post has been edited by Chris Chew: Feb 19 2012, 05:02 PM

The developer offer you no DIBS. Interest bearing only but you still need to pay progressive billing of balance 90% of ur purchase price bro.

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Added on February 19, 2012, 5:49 pmHaha. Chill bro.

Maybe he confuse or have special offer.

This post has been edited by Chris Chew: Feb 19 2012, 05:49 PM

Haha, yalor. Impossible developer willing to take such risk and take own money to build first.

If can wait until completion only apply loan, i would be very busy shopping ... LOL!

any indicative of the new price and discount?

Banks do have program call referral scheme of 0.10% of successful loan amount taken by borrower and refer by them. Ex RM 500k loan they can receive RM 500 referral fee upon execution of loan doc.

If just bcz of DIBS and generating sales for banks and ask for commission, banks would rather pull off the end financing and provide somewhere else. Who has more risk? Banks provide end financing to help the purchasers to own the property. DIBS and projects with 10% is deem as very high risk EF. Everyone can buy provided they able to obtain 90% loan.

Furthermore this is only L&G, the limit of the EF is not as high compare to other taikor like Sime Darby, Mah Sing and etc.

Wow...

Just get to know the simulation here, people tend to picks forest view even though the pricing is few percent higher than non forest view ...

Is forest view seems tend to be a new trend in modern living???

Kinda like the forest landscape here.

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

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 ...

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.

Fuuu. I like Digi service very much. Fast and efficient. I have np on my Digi line, though not as good as Celcom or Maxis. I hate Maxis bcz of multi hidden charges n they unable to answer me the bulk messages I sent / received where it cost me RM 0.60 each.

Celcom? Lagi teruk... Had very bad experienced with them, someone used my name for additional line and
ask me go here n there to do report. I f their service manager, " its u who do me a report to explain why i had 2 add lines at 2 diff timing and I dont even know it "

42 acres. 11 blocks and total 2800 units.

Phase 1 consists of how many units and blocks?

Any idea how many blocks they gonna deliver in 4 years time from S&P?

Haha. He too obvious with new nicks replying each other in few threads and really promote Cititool very well.

I dunno wat is the benefit but others pls becareful of the keylogger.

Hahaha. I agree with it.

I am sure it would be affected. But 8-10% discount is the main definition to pull some potential buyers to enter DF. DIBS is the next major coup since it worth ard 5% which projected into the selling price.

Yes. Nowadays whatever highrise projects also come with min 5% discount, freebies and trying to offer DIBS if they allow.

Only landed we seldom see huge discount with freebies and DIBS.

Its pro n con. Pro, at least for new buyer to put in small capital and secured their home. Con are speculation increased and worrying those new batch of buyers bluntly enter all those high discount projects with DIBS and no capital for holding upon VP.

Ohh. U mean top developers. Their branding wont give high discount bcz it will increase speculative and it will be laughing stock to their profile and company if these devs esp Sunway, Sime, SPS, IJM need 7-10% discount with DIBS to market their projects.

Unsure with DPC and probably they give lesser dis based on number of buyers line up for their projects. But too many investors for DPC.

I think everything is moving slower due to year end.

Btw, I thought DF construction period is 42 or 48 months? Not reflected into the S&P?

Should have no LAD for DF.

Ohh, 42 months. S&P signed so early. Then they shouldnt complete as late as 2016 since they garnered the S&P signing such early.