Oh my computer cannot read... all appear square box...

If real buyers wanted smaller units - no choice lah?

Not easy to sell. Should build more mickey mouse unit

hope no flipper

I assume that the stages of cash release to the developer follow those of cash rebate. So based on a property price of RM 1.5m, and assuming that the stages are evenly distributed over the 4 years (this should be reasonable), that means (before taking into account of any discount):
Beginning of Year 1:        RM150k (first 10%)
Beginning of Year 2:        RM405k (30% of the remaining 90%)

Beginning of Year 3:        RM472.5k (35% of the remaining 90%)

Beginning of Year 4:        RM472.5k (35% of the remaining 90%)

But because the developer is giving you 10% + 2% discount (that means an effective 11.8% discount), you will get this amount back at the beginning of Year 2. Also, you are only getting 70% loan. So your cash flow (outflow) under DIBS is:

Beginning of Year 1:        RM150k (first 10%)

Beginning of Year 2:        RM123k (30% - 11.8% of the RM 1.5m less the RM150k paid)

And the bank’s release of money would be:

Beginning of Year 2:        RM105k

Beginning of Year 3:        RM472.5k

Beginning of Year 4:        RM472.5k

Now I assume the loan interest of (BLR – 2.5%) remain constant over the 4 years period. The total accrued interest at the end of year 4 would be:

RM 105k * (104.1%^3 – 1) + RM 472.5k * (104.1%^2 – 1) + RM 472.5k * (104.1% - 1) = RM72.3k

If you opt for the cash rebate (2038 sf * RM20 = RM40,760), you would receive:

Beginning of Year 2:        RM12,228

Beginning of Year 3:        RM14,266

Beginning of Year 4:        RM14,266

You can calculate yourself what this income stream is worth to you. If you can yield more than 32.5% a year then by all means you should opt for the cash rebate. Otherwise, I’d recommend you to take the DIBS.

Wondering which one is better? One Central Park or MK22?