doubt that dibs still applicable. The banned is on immediate effect

No la. Fennel still under DIBS.

If government approved the project before the ban, can the bank stop approving loan application???

Fennel AP might allow discount and DIBS. Now the problems in on BNM where have instructed the bank to impose the new policy right away. The bank will not dare to go against BNM.

No lah, not worth to fore go steady rental. If you think fennel have good capital appreciation 4.5 years later, then you buy with 20% deposit ~ RM200k. I think 4.5 years later can appreciate 200k. 100% over 4.5 years is not bad.

Of course, the risk is always there

cimb may be, adik pm, who dare to touch.
ha ha

Ure again going back to that same redundant argument. Why do u keep using Safron and Tamarind? Those were properties bought and sold during the bull market. Of course anybody who invested here would have made money when they sold. Don't u get the point? What holding power do they need when they were in a bull market? Holding power only becomes a necessity during bear markets.

how long a bear market will last?

If you have an answer for that, you will be a multi-millionaire in no time...

just give an average bear market period using past bear market period.

they got APDL early than that, right?

Think so...that why they put there the DIBS offer is until 31st Dec 2013....

past trend not equal future trend brother.. like that go genting also better bet la....

This event happened one day after the BNM circular on Friday, 15 Nov.


The Fennel Phase 2: Over 80 per cent sales in two days
The StarProperty | November 18, 2013 | 1030 Views | Topic : Property News.
BY YVONNE YOONG
http://www.starproperty.my/index.php/artic...es-in-two-days/


They came as early as the night before. Some of the registrants even opted to camp overnight at the YTL Homes Sales Gallery at Starhill Gallery in Kuala Lumpur, the day before the preview of The Fennel Phase 2 which was held over the course of last weekend.

In fact, the built-up of the queue continued unabated right up to the opening of the preview as property investors and home purchasers alike flocked in enthusiastically, in a bid to secure the desired units of their choice. By morning, the registrants could be seen beating a pathway along the circular foyer of Starhill Gallery’s Relish Floor.



The crowd making a beeline to the preview of The Fennel Phase 2 at the Starhill Gallery in KL.


The first registrant to arrive had booked his place at the head of the queue at a strategically timed 7 pm, a full 15 hours before the preview itself. The preview also attracted Moses Gerard, who flew in from Penang on Friday evening. “I arrived at 10 pm and there were already so many people here. I’m really happy to secure the unit that I wanted,” he smiled enthusiastically.

In just these two days, the Fennel at Sentul East, representing the second phase of YTL Land & Development’s iconic development achieved over 80% in sales.

Commenting on the response, YTL Land & Development Berhad’s executive director, Datuk Yeoh Seok Kian said, “The reception to The Fennel has really exceeded our expectations and it’s humbling to see the passion our customers have towards our offerings. It shows that genuine investors can recognise value in the market despite the recent cooling measures by Bank Negara.”

The developer had extended the last opportunity to take advantage of the DIBS (Developers Interest Bearing Scheme) before it is disallowed. Additionally, unlike other property previews, registrants also had the “first pick” of these freehold condominium units with a GDV (Gross Development Value) of RM200 mil priced from RM775,000 to RM2.58 mil.



The Fennel makes an iconic statement in architecture, forming a sculptural silhouette against the city skyline.


The Fennel Phase 2 with an average price of RM760 psf sets a new record for Sentul East. Its one 38-storey tower and 229 condominium units with standard built-ups of 1,081 sq ft to 1,554 sq ft are set to transform the neighbourhood into a bustling urban metropolis. The units come with different vistas – either facing KLCC, the suspended swimming pool or the surrounding highlands. The condominium is located adjacent to two LRT stations, a KTM station and two proposed MRT-Integrated stations, reaffirming Sentul East as a transport hub.

The Fennel Phase 3 will be YTL Land’s last release of condominium units in Sentul East and will be announced at a later date.

The Fennel’s sister condominiums, The Capers (currently under construction) will also be connected to the commercial buildings in the vicinity, including d6 and d7, and will host the Sentul East Design Centre (SEED) and upcoming developments that bear the MSC (Multimedia Super Corridor) Malaysia Cybercentre status.

“The Fennel’s success shows that investors are confident of Sentul East’s excellent potential with its strategic location near the heart of the city,” summed Datuk Yeoh.

Next Q will be for Midfields, maybe in Dec. without dibs, price may start from 500psf?..

Bank Negara sent out circular to all banks recently la. DIBS still available for Fennel cos application for the entire development was approved way, way before November 15.

So, that means Fennel is one of the last few developments that can STILL get DIBS. Provided you can get your financing sorted before 2014.

Not sure about EcoSky. That one I heard haven't got approval already start selling wor! Good luck to the buyers, hope things work out.

Yup, got a unit for my brother cos he in UK. Confirmed got DIBS.

Why keep worry about got DIBS or no DIBS?

I knoe the price is factor in as a cost, in case banks unable to give, am sure YTL or any other dev would offer something rebates to compensate it, or elsd, if no, just skip n let the waiting list to buy it.

+1