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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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Trying my luck
post Jan 12 2012, 12:15 PM

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Hi to all experts above, I also booked a unit of type B at block B, contacted a banker to go for loan application, but the banker just inform me that the DIBS is not confirmed at the bank side, which mean I may have to pay the interest during the construction period?

Is this true? Any of u all come across this? Contacted the sales agent and she also dare not deny the above statement, and just said the developer is trying now. What is ur suggestion?

Thanks so much!
Trying my luck
post Jan 12 2012, 01:55 PM

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Hi to all experts above, I also booked a unit of type B at block B, contacted a banker to go for loan application, but the banker just inform me that the DIBS is not confirmed at the bank side, which mean I may have to pay the interest during the construction period?

Is this true? Any of u all come across this? Contacted the sales agent and she also dare not deny the above statement, and just said the developer is trying now. What is ur suggestion?

Mr Cheah, I get to know that u also booked a unit in Block A from the earlier posts, have u checked with ur banker, do u face the same issue?

Thanks so much! =)
Trying my luck
post Jan 12 2012, 02:07 PM

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Thanks a lot, Mr Cheah!

May I know which bank u apply your loan with?
Btw, my unit at Block B is abour RM520 psf after discount and it is at 33rd floor, is it a good choice? Hope can get some advice from the experts...

Thanks again!
Trying my luck
post Jan 12 2012, 02:41 PM

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QUOTE(cheahcw2003 @ Jan 12 2012, 02:16 PM)
WHich bank told u cant give DIBS? You buy for own stay or investment?
I have not applied any loan yet, no hurry for me as i have already falled under LTV70%
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OCBC banker told me that the DIBS is not confirmed (Eventhough OCBC bank is one of the panel bank of Damansara Foresta), which put me in doubt, just curious if anyone of u had confirmed with the banker that the interest will be borne during construction period... (not sure is it the banker who is blur and when we reconfirm with the SA, she also never deny and instead tell us she will find out hmm.gif )

I bought it for investment with my friend, looking at the pricing of BSD double storey terrace which costs 700+k now and DA which is selling RM600psf, this seems to be worthy as we are looking at the selling price which is after completion (3 years from now)... But I am very new in this and would like seek some advice here... =)

Aprreciate any comments if u find me being too optimistic here! blink.gif
Trying my luck
post Jan 12 2012, 03:46 PM

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QUOTE(leeyiksheng @ Jan 12 2012, 03:20 PM)
As far as I know, Alliance, Public, Maybank, and HSBC agents have confirmed DIBS, but I am not sure about OCBC because I was not interested with their offer when they told me it is semi-flexi loan. Not sure about CIMB.
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Thanks for your reply! You also getting one? Which block and how much psf if u dont mind to share?

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