Aug 31 2014, 11:55 AM
QUOTE(Clueless07 @ Aug 14 2014, 04:55 PM)
Lock up? what do you mean?
well... during the said 4 years- need to serve interest. It is not much but still sizable ( assuming average out to be 40% of the price, say RM900k, effective interest at 4.3%- so it is rm 15k per year. Rm 60k total.
Another 10% Down payment and that would be 150k in total. Yeah, things differ from those days with DIBS and 7% discount making very easy entry. But this is the fact of the property sector now.
I completely missed out on the DIBS era. Sounded so easy to buy a property then. Having said that its not everyday someone would come by having that 10% and now having to serve the interest from your own pocket. Just like the old days.well... during the said 4 years- need to serve interest. It is not much but still sizable ( assuming average out to be 40% of the price, say RM900k, effective interest at 4.3%- so it is rm 15k per year. Rm 60k total.
Another 10% Down payment and that would be 150k in total. Yeah, things differ from those days with DIBS and 7% discount making very easy entry. But this is the fact of the property sector now.
Btw my banker was asking how come SHC didn't give 100% discount on the loan agreement too. Is this their usual package/practice?
This post has been edited by _skeevs: Aug 31 2014, 11:56 AM
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Btw, I thought the new/higher price was already for the Block H - family since it was launched later. Didn't know there was an increase.
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