For my case, my banker said YES to me.... Typically, one complete application requires about 5 working days to get the approval in principle. Paperwork may come in a week later or so.

Hong leong mortgage debt service ratio can go up to 85% of net income. It can also be mitigate if you have networth in the form of savings, epf, fixed deposit, asb, etc.

Let me know if anyone need assistance to apply mortgage with hong leong for ecosky.

Thanks.

Vincent
017-3603668

Well, it depends on the officer how he wrote his justification. Kiasi for sure, but some cases got through

Do you think their HQ I.e. A credit dept is the one doing all the underwriting of all incoming loan application?

BM cannot overwrite but they can talk cock to justify the case.

Hmm, as far as I am concerned, not many banks' Branch Managers are able to approve the housing loan, except Maybank and Public Bank where they have authority to approve the loan within their own limit and certainly different for each branch or not the whole BM is able to have such authority.

My friend, a BM in Maybank told me that, if they cant approve the loan due to loan size, ccris issue or DSR issue, they must submit the file to their HQ and they can't overwrite the decision made by HQ, only by appeal with justifications.

TCSS Loh

little bird to me is from 700psf

The themed lobby, if not mistaken, rock theme, sculpture theme and water theme. But I dunno which theme for which tower.

Didn't you also read in the papers that midvalley car park was also flooded...ie no more going to midvalley?

I am a procrastinator. I am doing it this week.

Bigman - I think you misunderstood his intention. Chill man.

Actually same same lah...

Woeiii. You didn't warm up your engine issit? We are talking about Abu Bakar lah. Not Cumarasamy.

Block C is 750 PSF. Blue print coming out in 24 hours time.

It is like several hundred meters. They may wanna kill Rakyat. More so Selayang is BN area.

Beside that, Kepong Metropolitan Park is located a few hundred meters away. People from all walks of life go there for recreational activities such as running, walking, yoga, cycling, playing kites, etc....

They wanna kill Rakyat issit?

BUDGET 2014 - Prohibit developers from implementing projects that have features of Developer Interest Bearing Scheme (DIBS), to prevent developers from incorporating interest rates on loans in house prices during the construction period. Therefore, financial institutions are prohibited from providing final funding for projects involved in the DIBS scheme.

Ecosky is one of them, what is your thought?

I was told to stay calm and wait for news. There is surely light at the end of the tunnel. Don't get kancheung or PhaekChaek for time being.

Guess they must be having dialogues with MOF and internal meetings to get more clarity. Just went thru the Letter of Appointment document just now and it seems that refunds is as easy with purchasers declining to sign S&P. Period of uncertainty for both purchaser and developer ahead.

On a separate note, do you think being the last batch of DIBS (if ecosky gets DIBS) is advantage or disadvantage? The Edge came out with an article saying that primary property prices especially for non landed will drop by 10 - 20%? How now brown cow?

There is really nothing much we can do. Ecosky definitely cannot offer DIBS as their AP has not obtained thus officially this project has not launched yet. I believe Ecoworld will soon clarify and offer options to buyers. One of which is to give extra discount for not taking DIBS. Hope Ecoworld can offer us something feasible and attractive.

No dibs for Ecosky?. Where do u get the info?.

My simple calculation indicates that DIBS value over the 4 years will be 40k to 60k, depending on size.Difference of approx 40 sen psf.