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M Residence 2, Review and status
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jason_chee
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 Jul 19 2013, 10:24 AM
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QUOTE(cypau23 @ Jul 19 2013, 10:23 AM) 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? not sure. better check with LAwyer / SA. my experience in MR1, all borne by developer. i didn't pay any for Legal / Disbursement / Stamp Duty. |
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mennmenn
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Jul 19 2013, 10:27 AM
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Getting Started
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Jason.. tq..
I thought of taking rhb as well coz lowest rate. Any term or condition need to aware???
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asil66
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Jul 19 2013, 06:46 PM
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other than the remaining balance of 10% downpayment, wat other things dat we need to pay when sign s&p n how much is it?
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Chris Chew
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Jul 19 2013, 08:28 PM
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QUOTE(cypau23 @ Jul 19 2013, 10:23 AM) 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? Yes, correct. ( if u mean for MR2 ) |
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blurblursam
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Jul 20 2013, 08:58 AM
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Getting Started
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QUOTE(cypau23 @ Jul 19 2013, 10:23 AM) 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? Yes, you r correct... Just confirmed with Lawyer. Thanks.  the fees we need to pay is about <RM3.5K...  |
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chicaman
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Jul 20 2013, 11:20 AM
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Actually is M Residence 2 got any left over units?
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hooi_jd
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Jul 20 2013, 11:57 AM
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QUOTE(cypau23 @ Jul 19 2013, 10:23 AM) 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? we only pay the disbursement fee for LA. the LA's stamp duty is borne by developer |
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cheahcw2003
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Jul 20 2013, 01:07 PM
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QUOTE(chicaman @ Jul 20 2013, 11:20 AM) Actually is M Residence 2 got any left over units? Still hv plenty for sales. Rm488k + 20k rebate |
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rachel_xxx
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Jul 20 2013, 02:51 PM
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Anyone can share OCBC contact for this project? Please PM me. Thanks.
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chicaman
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Jul 20 2013, 03:45 PM
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How is this compared to Garden's Height? Can anyone share their opinion?
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meow_1978
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Jul 20 2013, 10:47 PM
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Getting Started
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QUOTE(chicaman @ Jul 20 2013, 04:45 PM) How is this compared to Garden's Height? Can anyone share their opinion? At first I thought Garden Height is gonna be a competition between MR2.. So plan to visit the show unit. The sales office located near the entrance of Garden Height. Need to drive about 5 min to the show unit. For me, I find that LATAR is the only plus point of Garden Height. Other than that, it don't attract me at all... I am still happy with MR2.
Join the community in facebook @ http://www.facebook.com/groups/MResidence2
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rachel_xxx
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Jul 20 2013, 11:15 PM
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QUOTE(jason_chee @ Jul 19 2013, 10:21 AM)  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. this is rhb clause and maybe some others but definitely not all banks. no one can guarantee when is the first drawdown. a 36 months project but worry about abandon on the 31st month? at least to me is funny. most highrise but not all, completion 36 months, why they set 40+ month to serve full installment? they not worry about highrise getting abandon? lol please correct me if i`m wrong. Thanks. |
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jason_chee
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Jul 21 2013, 05:54 PM
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QUOTE(mennmenn @ Jul 19 2013, 10:27 AM) Jason.. tq.. I thought of taking rhb as well coz lowest rate. Any term or condition need to aware??? nothing much except being highlighted by rachel_xxx, they have clause of "Serving Full Instalment from 31st Month on First Drawdown.". so far, i'm happy with RHB especially the officer that serve me. |
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jason_chee
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Jul 21 2013, 05:56 PM
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QUOTE(rachel_xxx @ Jul 20 2013, 11:15 PM) this is rhb clause and maybe some others but definitely not all banks. no one can guarantee when is the first drawdown. a 36 months project but worry about abandon on the 31st month? at least to me is funny. most highrise but not all, completion 36 months, why they set 40+ month to serve full installment? they not worry about highrise getting abandon? lol please correct me if i`m wrong. Thanks. i have no comment on this. that appear as part of the terms of the loan. therefore, i usually accept it. |
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Chris Chew
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Jul 21 2013, 07:55 PM
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QUOTE(rachel_xxx @ Jul 20 2013, 11:15 PM) this is rhb clause and maybe some others but definitely not all banks. no one can guarantee when is the first drawdown. a 36 months project but worry about abandon on the 31st month? at least to me is funny. most highrise but not all, completion 36 months, why they set 40+ month to serve full installment? they not worry about highrise getting abandon? lol please correct me if i`m wrong. Thanks. How come RHB so funny and has such clause of service full installment on 31st installment from first drawdown??? But wait, to service full installment on 31st month OR commence to service the FIRST FULL installment on the 31st installment after serviced 30 months of progressive interests. Got pro n con actually. |
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rachel_xxx
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Jul 21 2013, 08:19 PM
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QUOTE(Chris Chew @ Jul 21 2013, 07:55 PM) How come RHB so funny and has such clause of service full installment on 31st installment from first drawdown??? But wait, to service full installment on 31st month OR commence to service the FIRST FULL installment on the 31st installment after serviced 30 months of progressive interests. Got pro n con actually. I'm not 100% sure what you mean. Is it you mean they capitalised the interest until 31st month only start to service full instalment? Anyway I think it is the latter 1. |
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JerriH
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Jul 21 2013, 09:39 PM
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Getting Started
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May i know the current selling price? Any discount/freebies?
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Glcotan
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Jul 21 2013, 09:57 PM
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QUOTE(JerriH @ Jul 21 2013, 09:39 PM) May i know the current selling price? Any discount/freebies? 488k with 20k rebate |
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JerriH
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Jul 21 2013, 10:03 PM
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Getting Started
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QUOTE(Glcotan @ Jul 21 2013, 09:57 PM) Only rebate? Any freebies? Legal fees? |
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