Wahh bro, quite confusing of your billing invoice.

The Stage 2 2(a) and (b) dated 27/03/2013, the amount is developer's invoice to the bank for loan released or developer's invoice for you to pay entirely or partially ?

Where is the RM 40k balance comes from?

If you paid all the billings, you are going to overpay on the parking, and underpay on the actual tower.

Assuming that you are supposed to pay the earlier part of 30% for both car park and tower, then the item (1) 15,000 is already exceeding the 30% you need to pay.

Item (1) itself should be 30% of the progress, plus the 10% which you have paid, meaning the car park you have paid 40% !

Assuming the 10% you paid goes to the residential tower ( and nothing goes to the car park), then item (1) is already itself 30% of all you need to pay !

Don't pay item (3), that should come from the bank. And there should be another billing for stage 2(b) for the tower itself which you have to pay a portion of it.

Then everything you sum up, it should be about 130K.

Thanks for the explanation Bro, I'll try to see if I can attached the invoice later tonight. Not very good with stuff like these, if it's too confusing then I'll proceed to make payment.

Very simple :-

The car park is 50k, 15k is already 30 % of the amount.

If you pay the second 15k, you would have already paid (including deposit) 70% of the car park !

Ghee .... grossly not fair to the buyers !

Yes Bro, I got that figured out, think I need to talk to someone with more experience rather than the clerk. You think SNG & Co can help?

I think you need to talk to the bank or look through the bank facilities agreement or someone who is familiar with bank (dealing with two different agreements for car park and building).

It's smart for KR2 developer to break the car park and tower agreement into two.

If it is one agreement, they could not bill the stage 2b yet. But now, it's two different agreements, they could bill the car park ahead of the building itself. The car park is completed earlier anyway, so they get faster collection and better cash flow.

Just ended my call, was informed they have to bill me base on total differential amount rather than individual for Carpark and Unit because she said in my letter of offer the carpark and unit amount were not separated.

No choice, gonna head to the bank next week to settle the payment. Gonna pay up sooner or later but I guess in this case have to proceed ahead.

Just ended my call, was informed they have to bill me base on total differential amount rather than individual for Carpark and Unit because she said in my letter of offer the carpark and unit amount were not separated.

No choice, gonna head to the bank next week to settle the payment. Gonna pay up sooner or later but I guess in this case have to proceed ahead.

I tot Carpark and unit are 2 separate agreement and 2 different schedules? Is yours combined?

That's separated.

But the bank's loan agreement is one only.

The bottomline: people who borrow < 90% will have to fork out their portion of money faster compared to when it is one agreement for both carpark and unit.

Yes bro, for bank loan agreement it is combined. So for those with loan of less than 90% please get your money ready.

Which bank is your loan?

Bro, I find it confusing too, the invoice was for me to issue the payment. This is the amount I'm require to settle soon. Since my loan is 70%, I need to settle progressive of 130K, after deducting the amount on No.1,2 and 3, 40K is the balance which I was told should be settle in the next billing from the girl I talked to from Kiara Resources.

Any advice?

Bro, why 70% only? U oredi have more than 10 properties under your name? 

Insufficient supporting docs Bro

Just ended my call, was informed they have to bill me base on total differential amount rather than individual for Carpark and Unit because she said in my letter of offer the carpark and unit amount were not separated.

No choice, gonna head to the bank next week to settle the payment. Gonna pay up sooner or later but I guess in this case have to proceed ahead.

Sorry bro, ytd night too busy and home late. Forget to take out the S&P schedule and check it out.

No wonder I confuse of your billing amount and car park invoice is so high.

The bank Letter Offer ahould have separated the Home Loan and Term Loan ( for car park ).

No worries Bro. Got everything straightened out. Have a good weekend.