Since Ameera Residence will be new launch condo around IR... Do u think it will impact investor hard to sell out upon 3-years completion? since will have more condo available surrounding it...

Anyone know how many lift per floor? I dun see any information in SnP...

Could any sifu here could assist to clarify below loan agreement about the lock in period... i was told the lock in period is 3 years but will start during undercon... which mean i will not get exit penalty after completed comstruction... My friend was telling me double check on the Loan Agreement but the term they use im not familiar... Thank you.

Exit penalty/Early settle clause:
In the event that the loan is cancelled by you for any reason whatsover at any time during period between acceptance of this Letter of Offer and first disbursement by the Bank of loan amount,
the Bank reserves the right to recover from you cancellation charges of 2% of total amount to be financed by any method the Banks deems neccessary,
including the right to debit any account maintained by you with the Bank for the same. In the event that the loan [or where it is combined TL/OD loan, and/or either portion] is cancelled by you
within the period between first disbursement of loan amount until 3 years after the date of first disbursement of the loan amount [or where it is a combined TL/OD, any portion of the same] (Early Settlement Period),
the Bank reserves the right to recover an amount up to 2% of the loan amount by any method the bank deems necessary,including the right to debit any account maintain by you with the Bank for the same.
You shall be liable to pay all fee and action by any process of law or otherwise to recover any monies owing by you to the Bank.

Thanks for the answer... for the point 2, which mean the lock in period count from the date of bank release money to developer for the first time, until total up 3 years period... if i sold out the unit after 3 years (unit completed built) then i will not impose any penalty by bank right?

Thank you.. u have clear my doubt since yesterday night...