sold out for both block A and B?

club house is usually the last thing developer will build. more likely to be a simple sales office / show room as the current office is some distance away.

but just wondering, since the response is so good so far, why would TLS still need a simple sales office / show room next to the site? unless block C is going to be much higher price that they are expecting slower response?

well, there is no straight forward answer for this question. depending on how much developer has completed and requested bank to pay progressively, interest will be calculated base on that amount and thats how much the borrowers have to pay.

also depending on which floor you bought and how fast the construction progress (hence the progressive payment and the interest). typically the lower floor you bought the more interest you will need to pay as the progressive construction is completed much faster than the higher floor.

another variable here is the individual's loan amount (MoF) and loan package (interest rate, whether MRTA financed in, etc), the number will be different.

anyway, if my memory serves me right, every 24k of progressive payment is equivalent to around RM50 (when BLR 6.6% and 30 years loan package with -BLR 1.9%) sometimes few ringgit difference although payment is promptly paid every month.

This post has been edited by property101: Jan 17 2013, 09:56 PM

why want the 15k cash rebate when you need to serve a bigger loan, paying for more in ringgit for space that you seldom use (or never use) and need additional maintenance?

unless you enjoy gardening type of person or flipping it targeted to people who like gardening, that's another story

very design indeed.
imagine after dinner, you have a small table and tea set put at the garden. facing pool and sipping tea for a relaxing evening

1. if you have only signed bank loan Offer Letter, you still need to sign a Loan Agreement
2. you need to pick up your S&P after stamping (about 1-2 weeks after signing). this is not urgent, you can collect it later on if you do not worried they misplace it.
3. application for electricity and water.
4. three years later, collect key

you need to submit your application to SYABAS and Tenaga so that water and electricity can be connected to your house. developer will call you to do this during the construction period.

exactly. definitely one of the black horse coming up in property market.
but their development strategy is very steady, always buy land with cash (no bank financing) so that might prevent them to going to be big player in national level

you might be surprised that even some so call "mortgage consultant" couldn't properly explain the difference

take it easy bro.

basically the developer is asking the bank to pay (cc you)
the bank reply saying that will be paying developer (cc you)
once the money is disbursed to developer, bank you will send you a letter, clearly stating how much you need to pay into which account.

anyway, assuming your property is 400k and you borrow 90%. the interest for the 10% disbursement of 400k would be less than RM100. if you concern that you might miss any payment, allocate RM100 into the saving account your loan account is tied to. when the payment (interest during construction) dues, the loan account will automatically be deducted from the saving acc.

This post has been edited by property101: Jan 22 2013, 03:53 PM

interestingly high rise apartments in sg chua area with good accessibility to both highway and town have not appreciate much both price and rental

yes and no

yes - very likely the investors will sell their properties to realize profit. once property exchanged hand, price is expected to go higher one after another. for example if one sell 450k, the next will sell 455k, then next 460k, and so on. in other words, transacted price for this condo will go higher hence directly raise valuation price / market price of this condo

no - higher ratio of owner (the above investors) treat the properties as an investment object, not a "home". the property condition / quality of tenant / surrounding environment would not be an ideal place to live. in the long run, potentially affect both the rental demand and ownership demand of this condo.

investment. property agents are getting very aggressive these days, a couple of them already took the owners' contact from developer to call them asking whether upon completion want to rent or sale. and dont forget to contact them regardless sale or rent

usually iproperty just trying their luck la. upon completion i think can sell around 330k. but that doesnt really bother me, i want rent only

time will tell in next few months

couple of things about islamic loan you need to take note:

1. capping of interest rate. in malaysia history, once interest went up to as high as 12%. in islamic loan, your interest is cap at 10%. however realistically, it is very rare for interest rate would go to historically high. even if it does, paying 10% and paying 12% doesnt make much difference. see it this way. if you have good financial support, 2% is not much especially such high interest is not expected to stay there for too long. and if you have poor financial support, you are screwed anyway. if one has concern over fluctuation on interest rate (for those who are buying a "home", not a property), he should take fixed rate. capping at 10% is a nice protection to have, but whether how much of practical value does it bring, it's up to individual's perspective.

2. no lock in. lock in period and penalty for early exist is something simply not being practiced in islamic loan. but think of it this way, most lock in period is about 3 years and coincidentally construction period is also 3 years. by the time you got key for your property, locked in period is also over. practically the the lock in period has no significant effect on under-construction property, unless the owner is planning to flip the property before it is completed, which i find is a silly move in most cases.

i did a calculation a while back for this project, 400k property taking a 30 years loan, 90% MoF, BLR -2.4%, the difference between [conventional, semi flexi, flexi] loan with [islamic] loan, it's additional RM10/month for islamic loan. in other words, by signing up an islamic loan, you will be paying additional RM10/month for the above additional "features" in your home loan. whether worth it or not, it's entirely up to you to decide

This post has been edited by property101: Jan 25 2013, 01:14 PM

Thanks, great info

I would say upon GST implementation, property price will increase MORE THAN 6%

Before the property is ready to be sold, the whole supply chain (raw materials and other costs of operation) to get the property ready has to face the additional 6% GST. For example, the bricks and cement will be at least 6% more expensive. The cost for running a property development business not limited to raw materials. When developer buys a table, chair, computer, pen, paper, etc for property developer staffs, these items will also be 6% more expensive. Hence, the higher cost of running business - which eventually get transferred to the developers' customers.

On top of whatever being mentioned, at the point of selling a property another additional 6% will be applied on top of the selling price.

On a good side, congrats to all existing IR buyers. The launches of nearby new projects would pull up IR psf price.

More population will attract more commercials coming in getting the neighborhood more vibrant.