Does anyone has problem with the SPA agreement. According to my banker they are not happy with the agreement. As it does not really protect the buyer and quite different form the standard Malaysian type of agreement. Don't ask me the details as I do not know anything about the agreement but in short, my banker friend said be careful. True enough two banks declind the loan because of the differences in the agreement. Did asked the bank to elaborate but they won't and just said the agreement not in accordance to the usual practice. Does any of you have this problem?

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.

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.