i've made my booking for pentas 3 yesterday..for one of the lot..hopefully i am not on the kiv list!

btw..no more dibs..

after i've done extensive research..i think this housing quite value for money...build up psf is 250...almost extinct in alam impian. even chanting sub sale is about the same price ?

This post has been edited by bengjiun: Mar 10 2013, 12:40 AM

Chris, i choose 27. i did my booking on friday morning because the SA told me over the phone that one of the non-bumi quota loan was not approved. also 14 is cheaper than 27 by 20k but i didnt choose it because of certain reasons....as mentioned in this thread, the SA is not that proactive. i have no ideal if i am considered on booking list already..

23 or 27 is because the built up is 3499 sf..hence more exp..

i havent pay any cheque...so maybe that is why..they are suppose to prepare some letter for me to go to bankers...

i am currently overseas and am doing remote purchase..so it is kinda mafan..

Hi..I am Chinese.. on Thursday I called and they say one of the non bumi loan not approved and hence there was one final slot available. I had choice of 14 27 and 23 I think..I took 27 because not So near to main road.

I got email from the staff. They say Monday will prepare letter of offer to me!

Now I will hope my loan gets approved. Otherwise Chris you can have my slot..

I was very tempted to buy corner lot. But it seems like semi d. In setiadamai is a better value for the same amount of money..

Hi..I am Chinese.. on Thursday I called and they say one of the non bumi loan not approved and hence there was one final slot available. I had choice of 14 27 and 23 I think..I took 27 because not So near to main road.

I got email from the staff. They say Monday will prepare letter of offer to me!

Now I will hope my loan gets approved. Otherwise Chris you can have my slot..

I was very tempted to buy corner lot. But it seems like semi d. In setiadamai is a better value for the same amount of money..

Chill..beauty is in the eye of beholder. For example
2700Sf tamalan in setia alam..sub sale 950k..some think it is exp. Some think it id fairly priced.

ya...i have intention to own stay for a few yrs...if you want to flip..i dont think pentas is a good choice..because not much capital gain and high entry cost...i think the value will double in 7-8 yrs time (if our economy continue to grow) to fully realise it's potential...so pentas is good for those with strong holding power..i think..my personal opinion..dont shoot me..

i got my LO from InP! yay...nw i hope my loan gets approved!

Hello guys! i am pretty close to join in the neighbourhood! excited!

Btw, any of you know whats the absolute difference in dollar amount between daily rest monthly compounding vs daily rest daily compounding.

I am struggling to choose between full flex and semi flex financing..

not sure if the hassle free outweights the fact that it is daily compounding over 30 yrs!

ocbc, rhb and cimb..

daily rest and daily compunding is that interest is added to your principal for calculation on daily basis..

daily rest monthly compounding is interest added to your principal on a monthly basis..so technically daily rest monthly compounding will result in overall lower interest payment..

i am still trying to figure out...have to work out an excel formula..

imagine this scenario under DRMC

day 1 = 100 (principal) x 1% (interest rate) = RM1
At day 30 you would accumulate RM 30 of interest added to your month end loan

day 31 = 130 x 1% =1.3

For DRDC, the computation will be as follow:

day 1 = 100 x 1% = 1
day 2 = 101 x 1% = 1.01
day 3 = 102.1 x 1% = 1.021
day 4 = 103.121 x 1% = 1.03121

immediately you can see you are paying more than RM1 dollar interest per day...and it goes on for 30 yrs! imagine the amount that will accumulate from your principal loan of 1 million!

Full flexi is only good if you constantly need to move your additional cash around...

now i am having trouble trying to quantify the differences as the DRMC offer a worse off rate..

That is the reason why in the market full flex is DRDC and semi flex is usually DRMC..you pay additional cost from the compounding effect for the flexibility u get. Despite the minus BLR rate from full flex loan and semi flex loan is the same, you will be paying more interest for full flex..

This post has been edited by bengjiun: Mar 22 2013, 11:35 PM

Chris, my computation is just for illustration.

Your formula is right. the only difference is that your formula is only applicable for semi flexi loan.

DRDC means that today's interest amount is added to tomorrow's principal for tomorrow's interest calculation. In your explanation, it is on the assumption that today's interest will not be added to tomorrow's interest (which is correct in the context of semi flexi loan, because they only compound your interest once a month).

Hi Chris,

I am not sure how I can explain, but you can try to google "daily compounding vs monthly compounding" for some explanation by experts.

http://www.mtgprofessor.com/a%20-%20simple...omenclature.htm


In short is that, there is always a cost you need to pay to the bank.

On full flexi, when you attach your current account to the term loan, you have the liberty to reduce your interest payment at anytime. Bank dont offer you this service for no cost because any reduction in cost for you is a reduction in profit for them. in return, they use an interest computation method that charges you at a higher rate, which is daily compounding.

on semi flex, like u said it is considered as prepayment of loan. You have certain restrictions such as limiting the amount and number of withdrawals, and maybe even withdrawal fees. These are the features to deter you from freely withdraw or deposit excess money into your loan account. In return of these inconvenience (and that they can better secure their margin), they compound your interest on a monthly basis.

so, in the market, you will only see those aggressive players offer full flex loan..eg cimb and scb because they want volume as much as profit margin..for smaller players like ocbc, they tend to focus on margin than volume..and thus they do not offer full flex.

This post has been edited by bengjiun: Mar 23 2013, 08:07 AM

Oh yeah. I have managed to figure out the full flex loan is slightly higher by about 20k if I borrow 800k. Since I am overseas, to be able to do banking without needing to go to bank is very important to me! So I think I will go for full flex!

Chris, all banks in malaysia uses compounding interest. the monthly payment they set has already factored in the compounding effect.

BTW...i have not personally seen the house, but my mom told me that the car porch can hardly fit two cars? for 25x85 i am quite surprised that this could happen..any of you done some onsite visit?

I will be getting Pentas 3. Now waiting for the lawyers to send me the snp.

I think the entrance is not aligned to the pillars and the entrance is also more narrow than the pillars? Maybe I am wrong.

Actually I like pentas 2 and 1's facade.

they still have some units for fellow bumis. i took the last non-bumi quota. last heard they still have 2-3 units available (two weeks back)

+1..

lol you r funny..

i dont think it is stagnant la, just that a lot of people cant get loan?

i manage to get a very good location unit..facing the small field..very happy because i can park my extra car there, paid rm25k for parking space...i hope my neighbour dont get mad! haha..