3 years construction, usually 1st year no drawdown or the most 10%.
U either buy cheaper serve progressive interest during the under con period, or developer offer u DIBS by increasing the selling price. Either way, u r the one that paying the interest.

During construction period, the interest amount is not high right? Depending on the completion stage?

Let say first year, draw you 30-45%, then u calculate and see.. 3 years contstruction perios quite long for landed.

Anyone can tell me is it true for this article?

http://www.facebook.com/l.php?u=http%3A%2F...GP7WCHPdjT2qcRt

Guys, I spoke to my SA. He said the increase of the maintenance fee is not true. As of now, it's still 180. And I did called up the lawyer firm since I received a letter from the bank for loan agreement signing. He said I can hold it form the time being as the developer are yet to obtain the APDL. I also inquire on the so called '280' maintenance fee rumor. He assured me that it is still 180 (136 for security and the balance for community maintenance;club house). I hope Mr. Lim is right. Don't want to be alarmed by any new terms.

Better get the Black and white is better. The rumor is from who actually?

i got the rumour from Cari forum. and then post here to clarify. few days later, alot people saying their SA confirm with them already.. RM280.
but today, another say still Rm180.. Quite confusing huh..

However, these all still doesn't stop me from signing S&P coming weekend.

According to my SA, the maintenance fee will increase from 180 to 280.

Can anyone let me know the interest amount during construction period for this M2 project?

I don't think anybody will be able to tell you for sure.

Banks will disburse money progressively to the developer and interest will be charged based on the amount disbursed. The constructions will be divided into several stages and and developer can only claim the money upon completion of each stage. So, if there's any changes in the timeframe of the construction work, that will affect the total interest amount too.

Hi Crakalatin, who is your SA yah? I called my SA last week (Khairul) I think he is the head there. Told me it is true that the maintenance fees has hike from 180 to 280. For those who signing snp this weekend maybe you all could ask the black and white memo from them?

Many Thanks.

We only have to bear the interest for 3 years after signing and stamping of the SnP. If there is changes such as pro long building time frame, mahsing have to pay us back the interest for not deliver the house on time.

Got real s&p to sign oledi??

I pre-signed d looh! but some schedule havent complete la....

I heard Khairul is the honest SA. Even you sign the SNP now, as long as they dint stamp it, the 3 years still not being count until they provided the stamped copy. My fren case is he signed on dec, feb only got the stamped copy.

Some even waiting more..

Any news on APDL?

i sign S&P tomorrow!

So is it mean you need to pay the remaining down payment on tomorrow?

Yes SiauChee, u need to open cheque and pay the remaining 10% - 3k.... Pay to Elite Park Development Sdn Bhd.

last time Khairul told me if want to withdraw EPF for downpayment need to fill up a form during sign S&P. so i wonder is it i still need to pay the down payment first then just withdraw EPF.

no need to pay the downpayment 1st, if u apply epf withdrawal..but need to tell your law firm, they will prepare a letter to developer to notify them about this.

this is because apply epf withdrawal , need a stamped spa. the spa we pre signing now, cannot be stamped because without apdl info..
but of course , you still can pay the 10 % tomorrow, then apply epf withdrawal once obtained the stamped spa. (if you are cash rich )

This post has been edited by mcricky: Jul 12 2013, 04:12 PM

anyone know how much we need to pay for the stamp duty? im confused which is waived and which need to pay....