i texted Ms K....she said mine's in-progress....so nothing for me to report yet.

near to kubur (cemetery)??

Yup, the showroom is under HAP SENG STAR ..

It would be better if it were commercial construction.

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Added on November 10, 2012, 2:09 pmnot near la of cox. it just beside!

This post has been edited by wlchong79: Nov 10 2012, 02:09 PM

Better secure the loan. If any one want to let go sure regret if no choice. The price had increase , the sticker board replaced new price. The incremental is 17% ,discounted new price vs discounted old price. If before discount new price or snp pricevs discounted old price would be 30%. This refer to my unit.

SA told me they never publish the new price. Because all fully book. Show me a stack of Waiting list form and these guys will deal with new price. All these decide by their boss. New price will be a launching price.

Congrats to all the early birds.

I'll meet ms.K tomorrow lol. Maybe will just accept the offer.

wow..i am waiting to see their published price!

Signed today. Same package as brother jootat.
Taken the MLTA~

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Added on November 11, 2012, 3:17 pmAnd yes, ms.K is kinda hot

This post has been edited by danilo5753: Nov 11 2012, 03:17 PM

I dont think AP is out yet. But UOB + MLTA still not the best deal.

FYI, last time i test with UOB. 90% + 5 years MRTA can get -2.4% redi.

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Added on November 12, 2012, 12:56 pmMy gosh, why u and jootat took the MLTA thing? Different insurance company different rates. Do u know which insurance u taking for the said MLTA? If u want to take MLTA, better top up ur life insurance more worth it.

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Added on November 12, 2012, 1:02 pmi still think its a sticker game, i think the new price is applicable to those units facing BTHO terrace. Its a en bloc game by the agent i think. If im a exclusive agent for this, i also will en block those good unit then sale at higher price during official launching. Its a business survival thing.

Im myself consider very very very early bird, but went there to book but they say all unit facing BTHO terrace all out. Im ask them how early is ur early early early early bird booking date, no one can reply. how about that?

This post has been edited by peri peri: Nov 12 2012, 01:02 PM

The MLTA is Hong Leong assurance. Insuring 300k for 2.3k PA for my age. During the 32th year if I surrender, can get back 120k+ like that to cover the remaining loan. So it could possible save some repayment years.

Also, if I have another property next time can just top up using existing package (lock in my current age) and also it's transferable to another property in case I sold this prop.

Not sure it's really worth, some sort like an insurance. I don't know how to judge~ Please advise maybe I still can cancel it if not really worth

MLTA can take back money? sure? all the while i think MLTA only can get back money when the owner passed away. pls correct me if i am wrong.

double gosh, soli to hear that bro, but are u expecting to use 32 years to pay up ur home loan?

Exiting the MLTA or transfer to other prop is still the same purpose. Do you know that if u dispose early says less than 7 years, the refund is almost unbelievable low?

What if when u reach the year 10th and u suddenly cant serve the annual premium rm 2.3k, u know what they will do?

There are a lot terms and conditions to such MLTA as it is recurring fees and very long service tenure. Your expose risk is way way higher.

Are u comfortable to use Hong Leong Assurance as ur service provider? Malaysia no 01 insurance is great eastern then follow by prudential. Why UOB did not choose them as for ur MLTA provider? Do u know how much UOB had earn the commission if u taken MLTA from Hong Leong Assurance?

BTW, ur MLTA covers on what? Life insurance? Fatal Accident? Permanent Disabilities? 36 Critical illness? Do u think the UOB mortgage office is qualify enough to explain all these on behalf a insurance company?

Even prudential also cant guarantee how much i could get back after mature of my premium because depending on annual profit and dividend from them.

These smart smart insurance player in market and if u know how they run the business, they actually suck in all ur premium 1st 10 years as so called "their fee" then they only start invest and save ur money after 10 years but if u still maintaining your MLTA policy. 10 years later, who know what happen?

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Added on November 12, 2012, 1:51 pmMRTA is one time installment but cannot retrieve after matured. Thats why very very cheap

MLTA is like = life insurance + accident + saving + investment , but premium very very expensive.

This post has been edited by peri peri: Nov 12 2012, 01:53 PM

I have ask my bank officer before. She say for those middle income better take MRTA.

Peri gor, thanks for the analysis.

I just called up the lady. My UOB letter offer is 40 years, the MRTA must take full 40 years. Is there such a case like this? It's around 12k for MRTA.

Please help~

Bro, if u think u r 100% sure this unit u will keep for ur own use until 40 years, u are advise to take the MRTA because it still cheap.

But if u meant it for investment maybe 6 years later, better source shorter MRTA tenure.

I dont think u get my point posted before. I had mentioned the same to Jootat before.

For my previous case with UOB.

UOB can offers tenure up to 70 years old or 40 years tenure.

my loan applied is rm270k.

If no MRTA or MLTA included, UOB only can offers max -2.3%

If got MRTA included, i can get offer max at -2.4%

But im not required to take full tenure MRTA. The minimum MRTA requires by UOB for eligible of -2.4% was 5 years only.

Means MRTA 5 years for 270k loan is only rm1k. They got it cheap maybe the mortgage officer was helpful and kind with me when sourcing for MRTA quotation.

True story.

BTW, with the 0.1% different between -2.3% and -2.4%, the MRTA is actually free top up for me due to the loan interest different. Why not?

This post has been edited by peri peri: Nov 12 2012, 02:17 PM

aiya ... can't tell u on time to wear smarter ... coz she really do put in efforts to make up and pan leng leng before meeting her client. hahaha ...

hi Peri gor, yea, actually i also kind of hesitate when i considering the HLA plan. But since it's transferable and it follow our name, so even if we sell this SILK residence, we can always continue to pay the premium ... i think my strategy is i will continue to pay the loan as long as i am capable of. If one day i really can't pay back anymore, then i will surrender it and settle which ever property that i haven't sold or still got outstanding balance. I looked at the chart on the guaranteed return, as long as it's after 25 years, then the return should be around 8% PA (if my calc is right)

But of course i think for those who haven't signed the package, do consider wisely and consult peri gor ...

bro, i thought u makan angin redi.

U r rite. U also did the right thing from requesting the tabulation chart to study.

Thats the trick and risk assessment by insurance company which 25 years and above will be the break even year.

This is sort like a group insurance among other subscribers.

They had earned a big chunks from your premium before actually u start to see ur saving or investment growing.

But since u had taken the MLTA, better check the coverage carefully and how to claim.

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Added on November 12, 2012, 2:51 pmBtw, thats their plan and bait to u so that u will continue find ways to maintain the MLTA because they know you will not exit early because the refund will be very very low.

With this method, HLA had secured a MLTA for another 40 years which u will have to continue the premium and look for new prob to make transfer. They dont lose anything but u will have the hassle to pay the premium yearly, maintain it accordingly and dont dare simply put ur unit on sale until ur found a better unit.

20 years or 30 years later, the return from this MLTA is not tmepting which ringgit might had grown weaker or inflated by the time.

This post has been edited by peri peri: Nov 12 2012, 02:51 PM

thanks for explaining. i will go for MRTA . no way for MLTA.

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Added on November 12, 2012, 3:07 pm12k is damn high..

This post has been edited by wlchong79: Nov 12 2012, 03:07 PM

bro, 12k for 40 years still ok lah. RM 0.82 premium a day

i got mine MRTA for RM 0.60 premium a day only.

Different insurance company different rates, just make sure the coverage is sufficient ( i mean the type of coverage)

true also. i think better buy 5yrs (short term) if it is for investment. And top up subsequently if still holding the property.

Clarified again, the banker say for this project we need to take MRTA for 40 years. Same for HLB as bank more strict now.

I insisted her for the minimum 5 years MRTA, and waiting her to get back to me. Will update again.

12k eally expensive? I not sure the rate eh..