Wow! So good.... i have being waiting for no need to grow banana for very long time already.....

yeah yeah yeah.

LOL.

Just stay inside the room and wrap yourself up inside the blanket.

That will be like "cocooned in your city sanctuary where time and space adhere only to your own pace".

Quite effortlessly luxurious isn't it ?

Wanted to know what the robertson detail on.


1.easy payment scheme for 10%
2.defer payment scheme for the remaing 90%

i asked sales staff. They also blur blur la.

(A) Easy payment scheme :-

1. Pay x amount for booking.
2. Pay (5% - x) amount at SPA
3. Pay remaining 5% in consequative quarters, each quarter pay 1 %

(B) Deferred payment scheme :-

After finished all the full 10% down payment, then only the progress payment will kick in.

As we can see from above the first progress payment will be at least 18 months after SPA date, even if it is a 90% loan.

thank you brother.

yes. I remember the 18 months 1st redemption of loan if ltv is 90%

who received letter from solicitor? when can sign snp?

What about ltv70%?
1. Pay 10% as described above.
2. any payment scheme for the remaining 10% (ltv80%) or 20%(ltv70%) ?

exudes effortless luxury = 吴洗问阿贵, blind also can tell it is luxury

To be fair, I believe they will have to apply the same scheme. Don't care whether you are getting how many percent LTV.

Meaning say you are on LTV70%, your other 20% you will pay at least 18 months after SPA.

Also subject to project progress.

If 18 months comes first but the project progress haven't reaches the billing stage, then you wouldn't be paying.

As far as I know, the balance 5% (5% - 20k) must be settled upon signing of SPA next year. Then you have 5 quarters to settle the remaining 5% by paying 1% every quarter (3 months). The 2nd 10% will be due on 31st Oct 2015.

So, If I understand correctly...

That is to say, after settling the first 5%+5%, the buyers don't need to pay anymore until 2016 (nov.2015). By then (2016), say construction progress is 35%, then buyer(ltv70%) need to 20% cash and bank will start drawing down 5%.

This is pretty good terms for me.

The magic date of Oct 2015 is based on SPA date of April 2014.

The first 1 % - 3 months - July 2014
The second 1 % - 6 months - Oct 2014
The third 1 % - 9 months - Jan 2015
The forth 1 % - 12 months - April 2015
The fifth 1 % - 15 months - July 2015

The 6th quarter - 18 months - Oct 2015

If for whatever reason, the SPA date is changed, then the magic date Oct 2015 should be shifted accordingly.

Thanks for the info. This is not interest related. But a delay in billing or invoicing. Good job by gamuda. Come out with such a friendly investor plan n not against recent dibs ruling.
with this. My cost of investment could have saving 1.5% n i need not sold off my other investment urgently.

This post has been edited by tikaram: Nov 20 2013, 12:07 AM

Boss, new circular might prevent this from taking place.

Cash rich developer can do this only...

Care to elaborate ?

I still don't see how this could be impact by BNM circular, as this does not involve the banks at all.

The developer's money need not be in the form of hard cash.

It can be in the form of bank loan too.

No loan
from Gamuda Bank Acc. Gamuda got few billion cash in Bank...

This post has been edited by rongfu: Nov 20 2013, 10:03 AM

I see.

I am sure you are going to invest in the star residence too ?

Consult ur banker pls. I could be dead wrong. Happy times ahead.