yupe.. even Quill City Mall's address is as per below:

No. 1018, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia

Great to know dat...dat shd put d argument to rest then lol:)

I haven't sign the agreement. But the bank decline mentioning that they are "not comfortable" with how the agreement is written. How many of you have bought and sign the agreement and got the loan approval?
Because of this I was a bit worried of foreign developer. Therefore I have opt for subsales in other area at KLCC.

But have you signed the offer letter from bank already?

SG dev is ok. Problems is appointed agent to sell

Signed bank LO does not mean u already sign with developer. Except if u are new in buying property, there is a thing call loan agreement between owner & developer. Owner is u & the bank. Some development, the loan agreement draft by developer (as they paid for that fee) & pass to loan lawyer to go through and if alright then sign. Mind you, not all bank use developer lawyer as bank also know some may not follow or represent them properly. Bank always protect themselves 1st, so if they found the agreement not win-win (especially to bank), they'll reject the agreement.

This post has been edited by davwon: May 28 2016, 06:08 PM

As a person grown up in chow kit(since birth) and behind Sheraton hotel (move there since 18), may I suggest those who interested at this area to go walk from site to JSI lrt station around 9pm to 11pm, any day. Then tell me the different between here with Bangkok, London, Sydney, & Singapore.
Fyi, my parents house still behind Sheraton hotel area but my advice do caution if walk alone after 9pm.
Bon voyage.

This post has been edited by davwon: May 28 2016, 06:18 PM

Thanks a lot for ur invaluable caution of d area...as in all major big cities around d world, there r city ghettos n slums in d midst, n there r more horrendous crimes being committed in broad daylight these days than walking d streets at night. Dat being said, I have witnessed many times droves of mat rempits causing nightmare at traffic lights surrounding d area, it's quite a scary sight to b honest:(.

I thought for loan the borrower must use the respective bank's loan documentation template?
Afaik the banks charge us for every loan doc purchased from them.

I think developers' lawyer draft the SPA only but not the loan doc

Welcome to my country, Bolehland. Aka Anything-also-can-land.

Templete yes, but sometimes there also additional t&c for both parties or either party depending on the type of development & authority resrictions.

Most times bank(malaysia) will ask the developer which party prepare the draft, and normally developer lawyer will prepared one.

To lessen the burden of their side to draft the whole thing why not use the one prepared by developer as in the end become standard for all their panel banker?

So for this case, i assume the puchaser bank lawyer found something fishy in the provided draft/agreement then advice accordingly to the purchaser.

As for why purchaser banker cant us their own set of agreement, i can only guess..... the other side inssist on theirs?.....or becos of the other side is the bill's footer?

Just guess only.... 😊

Bon Vovage

i think we need to walk at least 500m or more from the site to monorail..

go check google street view yourself la......

so can i say that bank can still withdraw from lending you even if you have signed the LO if they are not happy with anything? really big problem to some people that have signed the bank's LO and later S&P with the thinking that they are going to get the loan

LO means nothing without proper agreement concluded. If you been into property investment, you must understand what is LO & it normally have deadline to meet before the offer lapsed. So please don't assume everything safe and sound after sigmed LO.

P.S. Even with proper signed loan agreement, bank always have the rights to withdraw the loan facilities given. Bank always win. Period.

Its very near..just walk tru the Quill City mall...

+1

Yes you may. Wanna try before 9am & after 10pm?

Bon Vovage.

Just crossed d road from Colony is Quill mall, cut through d mall on d second level where u see KFC is d direct link to monorail, instead of taking a longer detour from d outside to get to d monorail.

Dats d nightmare I experienced with my bank few years ago. After signed n rest assured of d bank loan, they refused to remit d first disbursement to d developer after d loan officer sleeping on his job for two years without informing me of any discrepancies from d bank's policy. Luckily after I made my case to d higher management n clearly it's their fault, finally they amended d agreement n disbursed d sum after a drag of few months, of which I had to pay late payment interest to d Developer!

Bon chance n not Bon voyage if my French is correct in dis case hahaha:)
Need to check n confirm with d mall d actual opening n closing time of d mall for access to d monorail link really. I would assume it's open pretty early for some F&B outlets n since there is GSC cinema in d mall, closing hour shd b quite late too if there r late nite shows.