Mar 8 2016, 04:24 PM
QUOTE(jeefat @ Mar 7 2016, 08:42 PM)
Hi Guys,
I am one of the owner for Tamara, Blok C.
I just got a letter from developer saying VP is delayed, and as such will need to pay the bank since DIBS has lapsed, and developer will pay 10% per annum for delay till VP.
What does this mean? Does it mean I pay the Progessive Interest (or full loan monthly amount?), but Developer will also pay the 10% per annum to us later when VP?
Sorry, have to ask here, as I am overseas right now.
You need to start taking over from the developer to pay the interest indicated in the mail. Some banks do allow you to start paying for the monthly installment. Please check with your bank.I am one of the owner for Tamara, Blok C.
I just got a letter from developer saying VP is delayed, and as such will need to pay the bank since DIBS has lapsed, and developer will pay 10% per annum for delay till VP.
What does this mean? Does it mean I pay the Progessive Interest (or full loan monthly amount?), but Developer will also pay the 10% per annum to us later when VP?
Sorry, have to ask here, as I am overseas right now.
The compensation from the developer will come later.
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