Side track a little for some basic knowledge of Islamic loan and conventional loan. Under the Islamic/Syariah concept, it is mostly the sell and buy transaction or buy and lease transaction as Syariah does not allow lending of money (using money to earn money).

For mortgage Islamic loans, most simple and common transaction would be the bank buy from the developer and sell it to you, with deferred payment from your side. That's why Islamic loans (actually cannot be called loan, it is financing), may not have the lock-in period.

Ok. Good luck bro

I am still continuing

Nice to hear that there's still people continuing...
Anyway, don't know how the sales going until today?

Just saw a news saying that Bank Negara will reduce the maximum loan tenure from 40 to 35 years for the loan application after 5th July 2013...just hope that my loan application will be approved & don't require me to resubmit or appeal for it...

http://www.thestar.com.my/Business/Busines...debtedness.aspx

Doesnt affect me since I m not entitled. Sound like restricting the young generation from property scene huh

This post has been edited by Sheep9: Jul 7 2013, 03:42 PM

Guys ! anyone booking Tower B facing hill / KL ?

Hey guys , i went to the sales galary today , and there are still some units available. Those facing the pools are sold out , leaving only high-level units & east-facing unit. The sales representative told me that DIBS is still going , and he could put me into the queue for DIBS ( to replace those that couldnt get loan) thou i am not sure if he is lying or not. I was also told that i could take back my 2% deposit if i couldn't get the DIBS ( i am not referring to the loan rejection , jst the DIBS rejection). Is that the case ? I have no experience with new property, since my 1st properties is a 10-years old condo.

Wah nice...then u can seriously consider since they gave u the option of dibs is included...

with dibs better or without dibs 3% discount better?

Since dibs soon to be curb, grab it

Maybe u can ask either RichMom or Flix to pass over the DIBS to u since they both plan to withdraw from S18...

now me too want to withdraw after reading this thread.

saving some bullets for future project as well

wee!

Same reason with RichMom?

Mee too....Plan to withdraw my booking as well for unit facing pool. . .

Wow...seems like everybody is withdrawing from this project...
Mind if u share the reason?same as RichMom or Flix?

Weird' u all just book and then withdraw...

I am confident of this project..goodluck guys....

Support ...will continue as well but provided I get the DIBS...

Tomorrow i will go to the sales gallery and submit documents .. but i will only continue if DIBS is positive. Anyhow , din manage to get any pool view , jst an unit facing the east..

Congratulations to your buy. Which tower and floor of your unit?

Good buy too