I've received my Registration Form last week. Yes, the form mention clearly that the second parking is compulsory.

apparently it'll take 4 yrs instead of the usual 3 yrs for completion of this project, hence they prolly opted for 5% disc instead of DIBS to the purchasers. but yea, my concern is also of the non-movement of the project...with lalangs n the abandoned alam damai showroom still there upon my visit to the site last week. high risk high returns i guess. cant find anywhere for a sub-RM400 psf 3r 2b condo with a decent facade nx to a monorail station at that location...only if execution can be done that is!

Yes I do agree No DIBS but come with 5% discount is about the same. But the problem is for those 1050sqft need to fork out 25k in cash for additional car park.

this mean, 5% DP about 20k (CASH) + 25K (CASH) car park + 3years bank loan interest will be different game liow compare to previous 40k + DIBS, and wait.


remember, 3 years loan interest is about 20k too.

This post has been edited by terrywoo: May 21 2013, 10:49 AM

from what i understand, we are able to obtain financing for the carpark also. hence, it works as follows:
assuming purchase price RM420k
carpark RM25k
d/p for condo: 90% x RM420k = RM42k (-5% discount) = RM21k
d/p for carpark: 90% x RM25k = RM2.5k

total d/p: RM21k + RM2.5k = RM23.5k

I prefer DIBS + 5% DP.

oklah if like that

5% DP are always better than 10% DP

haha, its almost the same la actually. given a choice to choose btwn 5% d/p or DIBS, would still prefer 5% d/p as the initial cash outlay is less siong. but DIBS would exert pressure to the developer to complete projects fast, which is def a plus point.

Guys, the reason I am asking if all 3bedroom really is compulsory to purchase the extra carpark cos my sis in law also a 3room was not told about the need to buy extra carpark. Which this is fishy. I am waiting for an aunt who booked 2units of 3rooms to give me the confirmation if she was told to buy compulsory extra carpark.

i was told its compulsory. besides, would prefer for the 3r 2b unit to have 2 carparks instead of 1 for the main reasons:
i) for renting purposes, 1 carpark is definitely not enough for tenants, unless a single person with 1 car is renting the whole unit which is unlikely
ii) no perimeter to park the car outside the condo compound if you have more than 1 car as its a 1-lane road in front of the condo
iii) if most of the other 3r 2b units have 2 carparks whereas ur unit only has 1, it would be harder to sell/flip later

Apparently one of the proposed intersection station between KVMRT 1 (Sungai Buloh-Kajang Line) and KVMRT 2 (Sg Buloh-Serdang-Putrajaya line) will be at Plaza Phoenix. I really hope this becomes reality.

https://forum.lowyat.net/topic/2812459/+20?hl=MRT
http://www.skyscrapercity.com/showthread.php?p=103405992
http://kvmrt.info/category/kvmrt-klang-valley-mrt/

Remember axis Soho? 7 years after launching and still not ready.....

Axis SOHO is a pity.. almost commit and luckily did not...

Received a first letter from the developer asking to make a first ten per cent (10%) payment within 14 days yesterday.

Ya, but the 10% amount is actually 5%.

Can extend time for S&P?

they changed 4 conditions.

1. No more DIBS

2. Downpayment is 5%

3. Construction time is 4 years.

4. 1050sqft buyer must take additional car park lot for extra 25K

This post has been edited by terrywoo: May 23 2013, 04:02 PM

So, no dibs and no discount? Only 5% dp?

yup... some more no Freebies.

Im off the game.

Any1 moving forward or letting go? Me still thinking.

anyone planning to let go their bookings? i can buy from u for a nominal fee...im staying in len seng and i think the slope can be a risk that i can accept...

i drive past it everyday...looked ok kua...

PM me if looking to offload ur unit ya....

need to have same surname to offload?
i have a unit 2 bedrooms facing pool to offload.

walle taiko after buying shamelin star still interested in this one?