Yes bro.

It was based on the S&P date and it included the 3 years construction stage.

If we sell on 2015, it would be 3rd year of prop purchase and we are imposed 10% RPGT of Profit against S&P price, where the profit was after the exclusion of stamp duty & legal fees, bank exit penalty cost, renovation cost.

Ohh, haha. Same type same facing of my main unit. Earlier, I hold on it bcz I might end up changing to cheaper unit at Tower 1/2 lower floor facing pool or if any released unit at my fren's quadrant zone which very unlikely. 

Most likely would stick to it bcz really cant find such RM 420 psf pricing at such location but dev had prob arranging the S&P lawyer for 2nd unit and yet to finalise my LO.

So, would still keep the options open until they chase me to pen to the black & white.

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Added on November 15, 2012, 5:33 pm
Woo. The LRT station looks modern and better looking. Great greatgreat!

Yes. Only 1 entrance. They just promised they will build a covered walk way from main entrance linked to rear and to LRT station. This can be a good news for rental investors but not pleasant own stayers if exit at T3 which was exclusive and premium. Better the dev sticks to this plan to avoid more trepassing from the LRT mixed passers. 

They would not build a direct walkway from Tower 3, bcz it was quite tall ( LRT Station GrdFlr directly facing KR2 L2 Car park ) and it would be wasted since they purposely build another layer of 3 storey heights brick wall separated KR2 building and LRT station for more security reasons. ( I disclosed this bfore )

And another minor thing I yet to inform, is, they will put more sand and will increase the heights of the current land. Unsure how high they can do so but KR2 would be stand a little bit higher.

Bro, you only paying Loan legal fees as S&P taken care by developer. The amount seems alright for me cos I'm paying 6K plus for close to 500K loan, perhaps you like to reconfirm with the rest.

I do not expect the low floor big size units can sell easily although the location is good and price is a lot cheaper than high floors. But they are bullish enough they can sell it later on after S&P stages are all done.

there is a formula for loan legal fees?

if your loan application is 2 names then must be 2 names, cos loan application is depends on the borrower's qualification. If one person can meet the loan requirement, one name.

You can do this subject the bank LO you accepted can do 3rd party charged. Some banks cannot do 3rd party charged.

Btw, the lawyer cannot simply put a name or amend it on the loan doc. A loan doc is prepared once they received Letter Instruction from the bank together the Letter Offer u signed. So, the names of loan doc must be same with Letter Offer.

Any changes, u must go to bank bfore thry inform lawyer.

For add name in S&P, u must inform developer, S&P lawyer and your banker.

my 545k loan was quoted with 7.5k legal fee...

Is this the total amount payable as there is also lawyer fees rite? If my loan amount is RM613,260K how much would be the total fees i need to pay? Legal and also various lawyer fees.

Another issue is what happens if the Developer defaults on the payment? What is our protection?

Also do we need to open and maintain a current account for the first 3 years since we pay nothing?

Everyone same.
Thats the worst ever arrangement by developer.

In the Alliance LO, if you refer Page 2 or 3, it did stated that if u took a special rates with condition of MRTA and if the MRTA is cancelled, therefore it should be increase to 0.10% ( should not be 1%), can u check?

Btw, whether u take MRTA for ur KR2 loan, B-2.30% is Project Board Rates, so, it is not a Special Rates binded with other cross sales.

Wahh, you guys all bank loan going to release dy, mine seems not yet. Sigh, I also wanted to take Alliance bcz LO more transparent of the DIBS issues where other banks none at all. Alliance is the only bank where we can sign the Consent Letter that progressive interest is payable by developer.  I blamed myself bcz I was dragging and too late for the full quota. Lol.

I like to try UOB too but unfortunately loan is based on after discount price.

So your loan is before or after discount?

But none of the latest similar scheme projects offer such fair pricing like KR2 ...

Hardly found any good highrise projects at below RM 500 psf. Even at RM 550 psf.

Boss, both of ur units not handle by same lawyers? Maybe u took diff bank for both loans?

Faster ask them to proceed everything n prepare to send the advise for bank for first release. Our lock in begins from here.