I wanted to buy for short term rent, Twin Kor, boleh Jalan kah?

Back fr oversea trip dy?

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Added on June 23, 2012, 11:37 pmIni OCBC girl Tarak professional then, nor aggressiveness to close any deal.



This post has been edited by Chris Chew: Jun 23 2012, 11:37 PM

If really ask my opinion, seriously, it won't be able to fetch RM 1,800 rental per month at such area...

Unless, I had too less understanding at this area ... Where even a 2 bedrooms apartment at Subang Jaya, to rent out RM 1,800 is do able, but not consider easy....

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Added on June 24, 2012, 12:41 amBut today, all launches selling future pricing, even can rent out RM 1,500 I also happy dy... I don't mind top up a bit if the prop can appreciate further in short short 1-2 years after VP...

This post has been edited by Chris Chew: Jun 24 2012, 12:41 AM

Never give up....

Oh really?

PM me if her service n follow up is good ... I got loan yet to be borrow too ...

Not KR2 nor Zeva lehh ....

Shopping for refinancing maybe . Haha

Depends on increased how much and purpose of buying ...

I buy for investment, so price increased is normally a no-no for me ... unless still tempted and cheap ...

New promotion?

Hmm, with such low price should have almost fully sold by now. Probably studio is not the best welcome unit in this Equine enclave.

Hopefully it faster sold and eagerly to wait for their next project in USJ.

Any idea wat brand of lifts and how many visitor car parks allocation for Zeva by Trinity?

Any tktttttt knows?

Taikor Tai, Hmm, I not sure what brand of lifts that I think is ok. For me, as long as it modern a bit ( based on prop price we bought ) function well, regardless the brand, then its ok.

But I am sure the Trinity Group was giving The Zest a quite bad and lousy lifts.

Quite modern based on 200k+ prop price and good looking lift, but easily downed by lightning and caused malfunction or error...

Yahh, At first I quite impressed with the KONE Lifts outlook, though a bit small. But based on the price we bought, its almost a wow factor. Lol.

Now, hopefully, Trinity would not wash hand to fix all the lifts, snyc, access lobby in cp and retail shop as well. It can be fixed anyway, just unhappy with the reason of delay for weeks and claim no spare parts, damm it.

It was part of the reason TZ still selling 500k ish now. Or else, sure hit RM 550k minimum, tailing behind SW.

Yalor.

Yes, DIBS is Developer pay directly to the banks.

If owner / borrower pay him/herself and then claim back from developer is not consider DIBS, but called ISS ( Interest Self Service )

ISS is quite somemthing new to the town and started since one or two years ago. PJD is using this for it's YouOne, USJ 1 and YouCity, Cheras and Villamas is using this ISS for their Zefer Hills.



DIBS : The first 3 years ( construction years period ) is agreeable to pay by developer to the bank in the Project Letter Offer or Consent Letter, thus it is protected the loan borrowers that the invoice / billing shall issue to loan borrowers, but payable by developer in separate bulk mode.

The pro about DIBS is agreement protected and we dont have to worry the interest payable by developers, but ( the con ) we need to do frequent monitoring. Banks allow more time frame to the developer ( up to 14 or 21 days ) to pay the bulk interest chargeable to them, but if they paid it late, it will affected the late payment into our name in the CCRIS.


ISS : It's between buyers and developer, and banks do not come into the picture. The first 3 years rate might be varies for different buyers from different branch or bank but developer only pay a fixed amount ( ex. Fixed 4% or 5% ).

It can be extra or it can be lesser. If the developer don't pay, it's btw buyer and developer, it is nothing related to the bank and nothing protected. The only pro about here would be, you manage your own loan repayment and do the claim back later ( by quarterly or semi-annually )

There are pro and con btw DIBS and ISS. I like ISS way but generally, when banks do not offer DIBS and hence developer comes up with ISS package, it means the developer's financing is so-so, project's financing is so-so or the project is overprice.

Completed property requires Proper Valuation Report from Boards of Valuers but Under Construction Project only require Valuer's Opinion Verbally / Simple Write Up.

As far as I know from few banks, it depends ( on how much overprice ), developers ( their grading and financial and it's different ( policy compare to subsales )

For developer projects, acc to my valuer friends, banks only need valuers confirmation and support to the project valuation on prices, location, demand and marketability factor as well as banks will analyze the developer's financial and profile as well. It is much different compare to sub-sales. It just a piece or two papers instead of Proper Full Set of Valuation Report for Subsales ( which recorded by Boards of Valuers / Appraisal)

You had asked a very good question but I not sure whether I could guess it or answer it correctly.

If one would like to build a something iconic and wanted to sell it at RM 5000 psf, can they cohoot with valuers to justify it?

The root thing could be who is the developer and how the developer managed to obtain the such iconic and superbly built Building Plan Approval, Pricing Approval, Developer License, Masterplan Approval and etc from the Government?

If the developer is not the top ranks, I doubt even the valuers pakat to offer high valuation and highly recommended, they won't get the approval from the Governement to run the project as well as no banks would financing such bridging and end financing.

If the developer are the those top ranks, shown financial reports which is superbly strong and able to deliver a great masterplan, concept and obtained the government's approval for the project, banks will take this initiative to offer the bridging loan and end financing although valuers may provided info that, the indicative project pricing is very high but a iconic project weighs in by strong interest and pool of affluent and VVIPs buyers.

Ex. 4 Seasons, KLCC
The copyright name of the project is worth at least RM 1,000 psf extra.
The developer's profile
The buyers' profile
The risk of the project and buyers

That was the flow of a DIBS loan interest structure.

Because the bank charged the interest to you, but payable by the developer under DIBS scheme. In black & white, or any letter / statement, the interest would be send directly to their customer, but manually send another copy ( by bulk customers ) to developer who will pay for their customers who took this bank loan. Failure to pay so, customers would have to bear themselves.

Late payment?

If late payment letter from developer, it could be late disbursement from the bank. Perhaps you should check with your loan lawyer or the developer's credit department to find out.