Thanks guys! yeah it's a property website and blog run by me, started early this year, but only really active writing articles lately. Intends to expand and cover more stories/launches as well as existing developments. More to come!

Not to go off topic, it's true that there will be takers for the courtyard design and the staircase at the rear. after discussion with some of my friends, not all prefer to have those design. some still prefer the traditional staircase at the front..

Thumbs up bro. Good investor

Oh oh! Here comes the costs! Just got call from lawyer for the MOT and loan legal fees.. total come up to $23K. OUCH OUCH OUCH!!

Is indeed gd observation

was told there will be slightly complicated when selling house later with islamic bank.
problem selling at higher price perhaps?
and there is some additional cost ?

anyone here going for islamic loan?

Not that I know of.....

1 loan under Islamic before, not much difference.

Just signed my S&P and also got the bill for MOT totalling rm14k plus n loan documentation fee estimated ard rm8k plus 😱. Any idea how much would the MRTA be for this? Prop value is rm662k and say tenure is 30 yrs.

Regarding the courtyard, it is bigger for the 24x80. And for type ie staircase at the back, the dining area will be smaller due to the guest room location. Jus wondering if can move dining table to pantry and leave the dining area for something else so the access to staircase would not be partially blocked.

Anyone taking scb islamic loan? Saying no locking period but LO stated can not redeem before full drawdown

im still considering it.
" can not redeem before full drawdown" meaning?

i took StanChart Islamic too.
though din look at the terms very detail.

U can't full settle d loan b4 Bank release the entire loan amount

so means cannot do full settlement during construction right?
by the time construction completed and VP, bank will pay fully to developer.
can someone verify this point?

Yup
If u want to save on interest, take a lower loan amount

Checked with SCB mortgage and they said it is normal for all under construction development whereby borrower can not fully settled the loan before 100% load disbursement. But, they also said seller usually have to wait until 80% completion then only next buyer able to get loan for subsales. The new buyer S&P also effective only after VP.

Any comments?

RHB -2.5 whole tenure w/ mrta, no locking period

This post has been edited by mingyew: Aug 22 2013, 08:21 PM

That's weird. I called RHB and the lady who answered can offer -2.2, with max -2.4. Some more the website says cannot exceed 40% of income.

Yeah! I also got BLR - 2.5% with MRTA. Try to call usj taipan branch and refer to mr. Kenneth. :clap:

Maybank BLR- 2.4% no MRTA or Lock-In....

Actually, is
1. S&P stamp duty for stamp office - standard is rm 10 per copy (4 copies)
2. Loan agreement stamp duty for stamp office based on your loan amount 0.5% (around up your loan amount)
3. MOT stamp duty for land office - Just to remind you all the stamp duty on Mot n registration on mot can be pay later after the property fully redeem from master charge, RHB than pay to SPA lawyer if not, you will loss interest.

All agreement with stamped you can be check as a proof of stamp duty at :-
https://stamps.hasil.gov.my/stamps/index.php/login