previously name as suria valencia.

Already got thread for this by others, but not active, people might get confused with another iresidence by icity

because of this tactic between developer and bank on the DIBS thing, young average joe will soon become victim as they had manipulated by the package that zero payment zero nothing until the unit completed. But they do not understand that the price had been mark up for the next 3 years. Once the property completed in the next 3 years, will the average joe having the holding power should they cant anchor a good rental or sub sale deal? Is just a gimmick how the banks nowaday locking the financial freedom to an average joe.

Bayu pandan, G residence, Zeva, 3 element, and other mickey mouse house will trigger such panic on these young average joe in another 2 to 3 years.

Some says mickey mouse unit is targeted for couple unit, but bear in mind that couple will look for family suites in another 2 to 3 years time. Mickey mouse house is actually a bad bad idea to call a home. Just a gimmick used by developer to maximise their profit and securing young buyers on the DIBS.

Well, family suites like this SDB always a wise investment provided holding power is strong.

= SOHO, SOFO, SOLO, SOVO

misleading. u still need to pay for the loan legal fee if u choose not to opt inside ur loan, and u still need to pay for the principle of loan which shall based on developer billing to ur banker.

and yes, 10% + 7% disc for a bumi is very gooding deal.

cyberjaya and puchong south those soho unit are doing these offers too.

urs is 10% + 7% on bumi lot?

no offense, just my 2 cents that the developer and bankers had loosen the eligible of loan to those young and average joe. Imagine nowaday those youngster with rm3.5k income can get a loan up to rm500k now. Something risk will injured them if they dont have strong holding power or financial upon completion.

But definitely will be a good buy for taikors like you.

This post has been edited by peri peri: Jul 30 2012, 12:53 PM

Why not? with 10% rebate and DIBS, rm500k loan for 40 years tenure or up to 70 years old only cost rm 2120 a month after it completion. Youngster dying to get 1 to show off around members. Quite normal since DIBS introduced in year 2009.

Yeah, last 3 months im also sceptical with this like u on this. Yup, as clarified by most of the forumers here and with my bankers recently on a home loan i applied, is a yes! True good too be true. But dont be mislead, its not gross, its based on nett. As long the installement is not more than 70% of ur nett income. Panel normally provide this. U should check out the g residence, which banks? I believe plenty out there eager for more young and bold loan slaves. Its a business anyway.

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

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Added on July 31, 2012, 12:38 amHaha, bro, dont mislead by others. I did not quote on gross income b4. Its based on nett income. I thought its common understanding here. There are some thread dicussing on this loan eligible thing few months back too. Just wanna share with any newbie not to miss the chance to vest too

This post has been edited by peri peri: Jul 31 2012, 12:38 AM

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

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.

Its true, started since year 2005, but still not hot, people dont want to risk their investment as abandoned project are quite frequent from year 2002 to 2006. When in desperate time, SP kick start again to boost the sales using DIBS, people getting more faith on reputable developer. bankers are aggressively providing such to secure for intake of homeloan. The setia walk is a good vest from dibs

boosting healthy and welcoming the MRT line

Yeah, ameera is a good benchmark from sdb, from rm400k now jumped to 750k in 2 years time. Conglats

yeah, sure do, is like investing something premium and exclusive with worth returns. No bullets, if not can invest 1, 10% disc, + dibs + semi furnish + branded developer in KV

Wow, very useful info. I always wonder how a developer to gain profit from the fixed price quota for low and medium units on land for than 5 acreas. So daring nowaday, control price 100k, but mark up 400% in other deeds to run away from the compliance.

u can try this link for guideline, http://www.rehda.com/industry/lchp/index.html

Not sure is under klang valley or outside klang valley,

but any resident unit more than 50 unit and land is more than 2 to 10 acres, 30% medium cost imposed, control price range should be from rm72k to 95k, if im not mistaken

i think u shouldn't worry too much, with the price u pay, u still get back the same premium material, products and lifestyles offered by SDB. I think u will need to sign on 2 S&P later. 1 is 100k purchase and 1 is 400k upgrade. Its like a compliance to medium cost unit by authority, but finding ways to get out from this not to jeopardizing the overall premium concept. Imagine, if the developer really comply to the said 30% quota, u will mix with low or medium income tenant.

Its a good practice nowaday because our minister is too lazy to improve such act which is totally irrelevant for limited lad use in KV.

BTW, larger built up normally cost lesser in term of psft. but i believe both blocks also sharing the same great features and material offers.

last heard youcity also facing such situation but they aren't facing isolated facilities like your case.

i always thought bank valuation will base on overall development, renovation done and condition. Not basing any of your S&P price?

u gotta point too , 30% of medium cost compliance squeeze in one block only is very high dense. is block C full furnish and block a semi furnish? definitely got something xtra for this block c purchase

This post has been edited by peri peri: Sep 4 2012, 11:31 AM