The sales staff said Apdl for the other project Southbank already out so for Sentul project expect Apdl will be out anytime now so they need borrowers to confirm on loan. Due to bank negara new guidelines, all the rebates r changed to discount n net price reflected in SPA. 10% down payment upfront but 5% can be paid through credit cards EPP 12 mths or post dated cheques for 24 mths. If still need to pay 10% upfront, is this project still worth to buy?

This post has been edited by workaholicgemini: Jun 17 2014, 05:44 PM

Almost all new projects new to pay 10% now. It is totally on your own whether is worth to not.
I not sure still got any project 0% down payment under new guideline.
Maybe tai kor tai jie here can share if got any for reference purpose

Wow..If need to pay 10% upfront, then will need to fork out quite a lot....Hahahhaha...This new guideline makes it harder for first time buyer to own their dream house...

If first time home buyer can try get 100% financing under skim rumah pertains la but not on this case because only for
Property max 400k. Actually nowadays developer still ok la allow u pay the upfront by instalment free of interest.u just
Need to folk out 5% and another 5% by instalment. If u sub sale the cost might be higher.



What are the personal criteria needed to be eligible for this scheme?
1. Malaysian citizen.
2. First-time home buyer.
3. Individual up to age of 35 years.
4. Gross income not exceeding RM5,000 per month for single borrowers, or combined gross income of RM10,000 for couples.
5. All outstanding debt repayment obligations from banks and non-banks (including those not covered by CCRIS) must not be more than 60% of monthly income after statutory deductions (i.e. Tax, EPF, SOCSO) or maximum limit of the lending bank, whichever is lower.
Besides fulfilling all the personal criteria, there is also property criteria to qualify for Malaysia’s My First Home Scheme:
1. Minimum property value of RM100,000.
2. Maximum property value of RM400,000.
3. Residential properties only.
4. For lease hold, remaining lease ≥ 60 years.
5. Owner occupied.
Last are the financing requirements for Malaysia’s My First Home Scheme:
1. Repayment options of up to 40 years or until age 65, whichever is earlier.
2. Amortizing facilities only (no re-drawable features).
3. Installments payable via monthly salary deductions or standing instruction.
4. Compulsory Insurance / Takaful.

Actually the new guidelines r good in curbing those hopeful/wannabe investors....as those cash rich investors won't be affected n competition in buying properties may be lesser for them now...but 1st time home buyer will find it harder to buy their hse la...nowadays I see few family members have to join 2gether just to get a housing loan..really not easy for ppl to own a hse

Agree with you..

Any updates?

The current update:

Advertisement Permit & Development License (APDL) has been out in Thursday (19 Jun 2014.). Registered/booked buyer need to sign S&P in 14 days calendar days start from 23 Jun 2014.

Heard that show unit will be ready in July.

This post has been edited by SmallPotato2011: Jun 21 2014, 08:17 PM

23 jun is next Monday. U mean 19 jun?

Sign SnP before show unit done? How can we know what we r buying? @@

Buy after show unit done usually no more early bird offers, less freebies/rebate

Sentul : Little India..

Yes. Typo. Thursday 19 Jun 2014.

Check the presentation slide and briefing note. Then Tikam lor... hahahaha~~~ Want cheaper price / freebie is like this...

Yes. Agreed. Phase 1 left <20 units for tikam so far.

Try to jump out from the box, Sentul is not like last time already....

20 years ago.. maybe.

Now... think u last visit to Sentul is 20 years ago?

buddy, your comment may get bombarded

I also don't understand why outsider often say Sentul is little India!
Majority population in Sentul is Malay, then Chinese, last India..

This post has been edited by mkbb77: Jun 21 2014, 06:47 PM

lol.what i mean is Sentul , not Sentul East or Sentul West..