I just replied the email to ask.
Waiting for their reply ya...

have you pay the balance of 10%?

Just got replied:-

We have been informed by the Developer that it is expected to be out by this month barring any unforeseen circumstances. Thanks

by lawyer

yea.. i signed S&P and LA, so paid 10% and also loan fees.

good to hear that.

May I know how much for the loan fee?

what is LA?



This post has been edited by blurblursam: Jul 18 2013, 01:18 PM

LA should be Loan Agreement

Can you share with us your loan offer from bank?

Thank you.

Thanks

PM u...

cimb -2.4 no lockin, flexi loan.
I think is quite standard rite

Yes, same with what ocbc offer to me.

to those who signed up with rhb, did you realise that you have to start serving full instalment from 31st mth from the 1st drawdown?

really? i signed with RHB and currently only serving Interest which calculated Daily Basis on Disbursed Amount. I remember, i have the option to Serve Full Instalment but i choose to Serve Interest.

want to clarify about the fees will pay by developer...

SAP legal fee & stamping fee
Loan legal fee & stamping fee

Am I correct? Any other fee is need to pay by us?

The option is the initial stage of construction right? Not after 30th month right? But MR 1 didn't mention 36 month project ma

Hey....

Which bank loan u guys taking?
I have offer from maybank, cimb and rhb.
Dont know which to choose. Any recommendation? Tq

my mistake, i mistaken as 31st day.

yes, you will need to serve full instalment on 31st Month onwards upon first draw down. it's part of Bank's clause to protect the bank just in case the project is abandon. but i don't think that will be an issue. based on MR1 progress, SnP signed in APR 2012 and first drawdown in DEC 2012. about 8 months later. so, i think you will be quite safe in that clause. besides, MS tend to complete ontime or if not, earlier. look at MR1 - Phase 1 progress. It is fast. mine already disbursed 45%. i think by Jan or Feb, MR1-Phase 1 could be ready and waitin for CF.

the acknowledgement letter states that:
Legal fee on Loan agreement excluding disbursement fee & stamp duty is borne by developer

my interpretation on this is that disbursement fee & stamp duty for LA is paid by us, correct?

sorry. i can't suggest u cos it's individual preference if all 3 bank offer same package. i have bad experience with MBB, so, usually i will try to avoid MBB. so far, RHB is serving me well.