If a project, for example like Selayang Spring, abandoned after construction half way, irregardless of whether DIBS how long, we still have to pay back the amount that bank has released to developer. It's totally different. Everything is legally binded after signing SPA and Loan Agreement.

That's why people choose reputable developer. If so worried about project abandoned half way, then might as well buy sub sale. The reason people buy from developer is because they provide early bird rebate, free SPA, etc...

Anyway, hope F3 is ok, cos the Urban360 is progressing good. And there is also Dua Menjalara which is high end exclusive condo. I hope S18 can finished ahead of schedule.

This post has been edited by Calculator2013: Aug 2 2013, 11:13 PM

Maybe you can call frequently to ask banker about the loan status. Sometimes they need to be pushed. If really no news, then another good alternative would be asking SA to provide other banks' contact. Hope this can speed up the process.

This post has been edited by Calculator2013: Aug 3 2013, 01:25 PM

I do agree. Some bumi lots are already purchased. However, majority are chinese purchasers, also with some Indian purchasers. When I booked my unit, there is also an Indian pilot interested. Hehe...

This post has been edited by Calculator2013: Aug 4 2013, 01:23 PM

I think CIMB is panel, just that my friend who apply from CIMB said their package not attractive. Cannot loan legal fees and MRTA into loan. Not sure how true, better check with respective banker.

Yes, I think. Bigger units of 1264sqft I think left some. Smaller types of 10xx sqft I think no, or depends on your luck. Sometimes loan rejected units are still available if you are fast.

Received news that SPA will be ready around mid Aug.

SA said almost all small units of 10xx sqft sold out, except a few. If response good, then F3 might not officially launched to sell.

From what I know, official launch means will advertise in major newspaper. Now only advertise on billboards near Selayang area and Kepong area. If sales quite good now, they no need official launch it. Soft launch status only people around that area know, or else can go LYN search properties info. Hehehe....

This post has been edited by Calculator2013: Aug 7 2013, 07:48 PM

My friend just let go his booking. Block B, Level 19, KL view. Just go check with SA.

I think the SPA cannot wait too long. Once ready, have to sign within certain period. Not sure whether we can hold till officially launch then only we go sign. Any good ideas?

Congrats!! To others, good luck and all the best too!!

Dingvincent, do u mind sharing your pbb rate? 90% loan? How about blr? Thanks.

This post has been edited by Calculator2013: Aug 17 2013, 10:54 PM

I see. Never mind 85% , cos loan more means interest more. At the end still needs to pay back. Hehehe...

Nope, no news yet.

Not yet receive call to sign SPA yet. From what I know, have to use their panel lawyers, cos easier to control and centralized legal documentations. Thanks for the info.

U can try contact their SA at 03-6188 8788. Still there are units available. They will official launch in Sept.

What is KM?

I just received letter from law firm to go and sign the SPA and DMC. What is DMC? Thanks.

I am noob here.
What is DMC for? Think I will go sign the SPA this Friday. Given only 14days to sign it. Thanks.

I just confirm with their office.
You can sign these documents at Gombak office, lawyer office or F3 Capital main office.
Things to prepare :
1) Cheque of 5% of property price
2) RM300 disbursement fee, by cash or cheque.
3) If legal fee not in financed in losn, then need to prepare too.
They will give back the booking cheque of 2%.

In total, after the 5% discount by developer, we only pay 5%. The cheque of 2% will be returned on the spot when we sign the SPA.

Not sure what legal document that you are referring to. You meant Loan Agreement by bank?
If your loan approved, then I think will sign 3 documents :
1) SPA
2) DMC
3) Loan Agreement by bank

This post has been edited by Calculator2013: Aug 27 2013, 11:36 AM