QUOTE(Chris Chew @ Aug 7 2012, 11:14 PM)
IMHO, yes, I rated this area a lot since few years back but I wait until this year to invest into the area. I only consider ZR and KR2 before this due to the pricing and freebies offered were fair and close to reality. Anyhow, the location is quite good, no matter it is next to LRT or Highway.
I chose KR2 due to multi tier securities in quadrant zone which most projects do not offer, again location and again, the pricing is quite fair and affordable. The facade is acceptable, although it is not the best ever and if the workmanship and quality is delivered upon VP, I would see myself to keep for own stay rather than flip for profit.

Added on August 7, 2012, 11:23 pm
Bro, if not mistaken, you must be sign Public Bank or MayBank but I found the clause with a bit surprise although it is not a big issue.
This is under construction project and before loan approval, the bank already analyze the project that this is project pending AP & DL, so it could takes time for S&P Signing and hence, the next step is proceed for first disbursement. Means, 2 months for first drawdown must be done is quite ridiculous and mission impossible, so what they have to do is keep on extend and extend every loan borrowers for all the projects which is pending APDL.
Even, if we able to sign the S&P now, the 2 months time duration for first drawdown could be asking too much for the solicitor, especially KR2, with 720 units and only 1 solicitor to handle S&P as well as loan documentation. Yet, if the solicitor able to do so, I don't think the bank able to disburse the bulk loans if there are 100-200 units taken the same bank.
Anyhow, it can be extended and you have no worry about it. Some certain bank grace period for under construction is up to 36 months.

Chris, just wondering why you did not vested in KR1 when it first launched since you have been looking at this area. It is also a multi tier securities in quadrant zone and price is much lower compared to KR2?I chose KR2 due to multi tier securities in quadrant zone which most projects do not offer, again location and again, the pricing is quite fair and affordable. The facade is acceptable, although it is not the best ever and if the workmanship and quality is delivered upon VP, I would see myself to keep for own stay rather than flip for profit.
Added on August 7, 2012, 11:23 pm
Bro, if not mistaken, you must be sign Public Bank or MayBank but I found the clause with a bit surprise although it is not a big issue.
This is under construction project and before loan approval, the bank already analyze the project that this is project pending AP & DL, so it could takes time for S&P Signing and hence, the next step is proceed for first disbursement. Means, 2 months for first drawdown must be done is quite ridiculous and mission impossible, so what they have to do is keep on extend and extend every loan borrowers for all the projects which is pending APDL.
Even, if we able to sign the S&P now, the 2 months time duration for first drawdown could be asking too much for the solicitor, especially KR2, with 720 units and only 1 solicitor to handle S&P as well as loan documentation. Yet, if the solicitor able to do so, I don't think the bank able to disburse the bulk loans if there are 100-200 units taken the same bank.
Anyhow, it can be extended and you have no worry about it. Some certain bank grace period for under construction is up to 36 months.
Aug 8 2012, 08:04 PM

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