More certifications means renewing licenses are more. Every license renewal comes with a fee.

just to share

http://www.starproperty.my/index.php/artic...ing-a-property/

Ayone going for this event this Sunday?

Calculator2013.....

https://www.facebook.com/groups/115179435202482/

Market talks that EcoWorld will be taking over UOA Development Group and merging with Focal Aims to become one of Malaysia's largest listed property developer with landbank worth more than RM45 billion.

i watching closely as got UOA shares...

Just came back from Bankers Day. The English hi-tea served was quite good. Coffee, tea and juices were served too. There was also a live band, atmosphere quite good.

Also went kepoh with SA, Block C will be launched in December. They will have units of 1300sft, 1400sft and duplex 1800sft. Indicative price around RM750 psft.

Erm... if not mistaken, 1300sft & 1400sft are normal condo, not duplex. So, I think build up area should be ok gua. However price abit steep.

Received documents from my customers

IF YOU DO NEED CIMB LOAN PLEASE CONTACT ME AT 016 2209575
CHRIS CHONG
CIMB BANK

My CIMB banker told me no cancellation fees and no reason needed.. but you have to make sure lawyer side not started anything yet.

any other banks with similar features?

i saw hlb and ocbc got charges

Have checked with EcoWorld, if the DIBS cannot be offered eventually, they will use DIRS "Developer interest reimbursing scheme" instead. Definitely NOT further rebate or what. They seem very confident with their plan B.

So guys, no worries. If something unexpected happens, you can always give up the unit before SPA signing, without any charges.

By the way, I have got my loan approved (with DIBS) and will sign the LO very soon before BNM announces the actual date to abolish DIBS.

I hope above helps to ease those who worries.

Based on hearsay or you experience such crap before? Indeed a pain.

if you just signed and the banker not yet ask lawyer to do loan agreement.

no charges.

at bank side no charges at all but just worry for the lawyer side.

I think most buyers in LV ll b ladies due to FRAGRANT. 

Frankly, this whole practice of "c*ckteasing" the whole market before the issuance of APDL is just plain wrong.  And many parties are to blame too.  Banks may close a blind eye for instance, by approving loan applications.

Let me be blunt. Our TSLKS's son's reputation is at stake if they screw us over. I think the likelihood of them withdrawing halfway in terms of DIBS is extremely low.  However, I maintain my stance that it's about the principles that should be adhered to. 

The fact that one has the option to withdraw due to the OTP is a separate issue altogether.  Of course, we are "safe" and can withdraw if we want to.  But, by saying nothing and doing nothing, we are indirectly endorsing or encouraging an unethical practice....in fact, we are "normalizing" it.

SPS at least put DIBS in their OTP clause.  Let's make a friendly wager shall we? My "insights" tell me that even if APDL is obtained tomorrow, the DIBS clause will not be found anywhere. 

U seem like a very connected person.  Why not go ahead and verify? Of course, if you are "comfortable", it's entirely your decision.

I believe all purchasers would hv received a generic letter from Ecoworld on DiBS earlier this week. They are making arrangement for purchasers to meet panel financiers to apply for loan win DIbS. They also mentioned that for purchasers who have gotten the letter of offer from the banks, a copy must be given to Eco world. Looks like the developer is washing their hands by saying, we will honour our words giving DIBS if purchasers manage to get loan with DIbS from panel bankers. If you cannot, sorry, it is not developer's fault. OR DIbS is still available for this project else what the hell they ask us to met bankers again? Any thoughts?

my colleague also book a unit which the developer offers DIBS at the beginning --> this year project also (not Ecosky project) but she received a letter from the developer recently mentioned that there is no more DIBS.. and they will repay the interest on yearly basis to their purchaser.. at least they come out a plan..

and yet Eco World stil mentioned got DIBS.. 

To quote further, let us illustrate an example and see how the price is going to be actually represented for spa or bankers or whatever.

Eg.
Unit price rm500k
'Free' car park worth rm30k
'Freebies' such as kitchen cabinets, air cond, heater, etc rm60k
'Free' spa, legal fees, stamp duty circa rm20k
Dibs circa rm25k
'Free' maintenance fees upon vp circa rm3k

How do you interpret the price now?
From my limited understanding, bank should consider only the essential product, thus % of only the unit and car park.
All others should not be considered.
Hence buyer who are eligible for 90% loan margin could potentially be looking at upfront payment of rm53k+rm60k+rm20k+rm3k=rm136k. The dibs rm25k is now effectively eliminated.

Of course the above are merely my personal interpretation. I could obviously be dead wrong! 
But I am hoping it's true!

That is for loan.
For spa, it doesn't matter. You can put whatever price you like. You can put something similar to above since spa is merely a sales and purchase agreement between the buyer and seller.