M Residence 2, Review and status
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 Aug 22 2013, 08:16 PM
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#1
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Junior Member
18 posts Joined: Dec 2008  
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I have a question on this. The conclusion is we just need to pay 10% of list price - 20,000 to the lawyer upon signing s&p?
just ignore what the figure written on the letter? correct me if im wrong. My SA told me what i need to pay is just 10% of list price - 20,000 - 3,000 |
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Aug 22 2013, 08:17 PM
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#2
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Junior Member
18 posts Joined: Dec 2008
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QUOTE(asil66 @ Aug 21 2013, 12:15 AM) yes, u r right, IN REALITY only need to pay 10% net 20k when sign snp.... I have a question on this. The conclusion is we just need to pay 10% of list price - 20,000 to the lawyer upon signing s&p?IN THEORY, they say the rebate was applied on the 2nd 10% - is a workaround for the developer to offer rebates.... cos if apply to 1st 10%, then banks will take into account the rebate amount n lower the financing amount for purchasers... one of the conditions for the loan disbursement is that the developer hv to give confirmation to the bank that the 10% of original purchase price has been paid... therefore, from accounting point of view, developer will oni reverse out the 20k from the 2nd 10%... it's all technical accounting oni... for us, purchaser, no impact whether it's 1st or 2nd 20k, as long as v dun nd to pay dat 20k...   just ignore what the figure written on the letter? correct me if im wrong. My SA told me what i need to pay is just 10% of list price - 20,000 - 3,000 |
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Aug 22 2013, 09:26 PM
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#3
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Junior Member
18 posts Joined: Dec 2008
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QUOTE(Glcotan @ Aug 22 2013, 09:06 PM) why -3k? booking feethe m member rebate?? |
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Aug 22 2013, 09:30 PM
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#4
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Junior Member
18 posts Joined: Dec 2008
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QUOTE(cmk96 @ Aug 22 2013, 08:49 PM) why not ask your lawyer how much to pay for the deposit? yeah i will ask him but just curious bout the letter written my case list price 488,800, 48,880 - 3,000 = 45,880 need to be paid for 1st 10%. but sa told me is 48,880 - 20,000 - 3,000= 25,880 |
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Aug 22 2013, 11:06 PM
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#5
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Junior Member
18 posts Joined: Dec 2008
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QUOTE(veron4best @ Aug 22 2013, 10:27 PM) What SA told is correct. At the end, the money is payable to Elite Development Sdn Bhd at the end a.k.a Mah Sing. How much do u pay? |
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