Hi peri. This is very true to be true. Dibs is a good thing. Principal remain unchanged and interest is calculated based on the portion of it released by bank to the developer and the developer pays the interest on behalf of the buyers. It is really
Good and I have already benefited from it for my properties.

Back in year 2008, recession strikes malaysia and all raw material hiked due to crude oil and lehman brothers bankrupt. In year 2009, sp setia initiate this DIBS thing with bank to boost the sales and restore the positive property market in 3 years time which is starting last year 2011. U can noticed a lot new launch in KV are offering DIBS or CIBS. But this year something is not right, With DIBS, the property price had speculated too high. Creating risk for holding power when complete. Most DIBS now starting price is above rm 500-600psft.

Its just a season trend, who knows next year will come out wat package. Maybe 2 generation loan scheme like in hk and china. Haha. Thats why people always say developer and banker are crocs

Back in year 2008, recession strikes malaysia and all raw material hiked due to crude oil and lehman brothers bankrupt. In year 2009, sp setia initiate this DIBS thing with bank to boost the sales and restore the positive property market in 3 years time which is starting last year 2011. U can noticed a lot new launch in KV are offering DIBS or CIBS. But this year something is not right, With DIBS, the property price had speculated too high. Creating risk for holding power when complete. Most DIBS now starting price is above rm 500-600psft.

Its just a season trend, who knows next year will come out wat package. Maybe 2 generation loan scheme like in hk and china. Haha. Thats why people always say developer and banker are crocs

Regarding the DIBS, 1st time im hearing the buyer no need to install the principle progressively according to billing. Imagine, u apply loan, developer claim the billing periodically from ur bank, once billing stage disburse by bank to developer, bank will start bill the developer for loan interest, then, bank will bill the principle to who? Bank will wait everything to be complete and all loan amt disbursed to developer then start counting? Too good to be true right?

As i said b4, price still steep for me to vest. But i still congrats to all new owners here. With such price tag, im delighted it will further boost my gain on paper for a condo that i booked recently which is nearby.

World is fast changing and must alert with any possible hidden cost, thats why we share to discuss and learn. Listen does helps improve

Back in year 2008, recession strikes malaysia and all raw material hiked due to crude oil and lehman brothers bankrupt. In year 2009, sp setia initiate this DIBS thing with bank to boost the sales and restore the positive property market in 3 years time which is starting last year 2011. U can noticed a lot new launch in KV are offering DIBS or CIBS. But this year something is not right, With DIBS, the property price had speculated too high. Creating risk for holding power when complete. Most DIBS now starting price is above rm 500-600psft.

Its just a season trend, who knows next year will come out wat package. Maybe 2 generation loan scheme like in hk and china. Haha. Thats why people always say developer and banker are crocs

DIBS long exist even before 2008.. its not new in the market n SP Setia was not the pioneer of such idea..

Haih, DIBS = developer interest bearing scheme. But not developer bear all during construction. Developer must bear all interest during construction until VP

CIBS = construction interest bearing scheme, developer will bear all interest until CPC to main con only. Coz they might afraid the tnb and syabas meter will drag their VP later.

Correct, buyer still serve the principle to bank during construction based on billing ratio.

plus 5/95, a lot of buyers benefits from that too  i like it

DIBS long exist even before 2008.. its not new in the market n SP Setia was not the pioneer of such idea..

but the thing is buyers are given a choice to defer the principle payment until VP..

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Added on July 31, 2012, 1:02 am

seriously SP setia quite kiam siap lo.. at that time, other developers offering 5%dp, 5%rebate, 90%loan.. lolz..

So 1164sqft is block B?

urs is 10% + 7% on bumi lot?

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Added on July 31, 2012, 6:49 am
mine is ~570k after bumi.
apparently there's no bumi quota/lot...just discount.

No bumi-lot? Unlikely.

got meh? which projects? i might miss it. In 2009?

DIBS long exist even before 2008.. its not new in the market n SP Setia was not the pioneer of such idea..

How much ?

that's the penthouse. highest and biggest units in block B. it should be around 2millions...
saw a unit being taken up on sunday itself...

Wow 2 mil....how about for the standard unit?