It makes sense to say so....

Care to elaborate more.... How?

Which unit he wanted to get?

Didn't someone mention dibs is replaced with something?

If your friend can't get loan, he only have himself to blame?

I clicked LIKE...

Of course additional 7%....

deleted.

This post has been edited by tengster: Nov 24 2013, 06:54 PM

Did Ekovest put the 7% discount in black and white? EkoCheras is a 30 storey duplex that is equivalent to about 55 storey building height.

Back on EcoSky, will 7% good enough?

Some may or may not see it. I hope Ecoworld can throw in 7% rebate in lieu of dibs, like Ekovest.

Seriously, I don't think it will happen. I am merely echoing someone compare the 7% rebate in lieu of Dibs...

Can someone tell Parkcity offer how many percent rebate in lieu of DIBS on their cprecent launch of OCP? I was told 3%. Can someone verify this fact....

Thanks for putting up here.

Does the 6% inclusive of early bird discount?

GiggsKor... ES also prohibit name transfer before VP. That explain why no chance of selling entitlement.

Yet to hear of this... Can anyone verify this?

+1

Anyone has any interest calculation spreadsheet to share? I really want to simulate the interest incurred for the 4 years construction period... If you have, can email to me..

Another thing about cash outlay... I thought the 4% rebate automatically reduce cash outlay upfront in which it will only be used to pay interest when the billing starts I.e. Foundation.... Foundation work could take 6 months easily

This simulation you did based on ltv70 or 90?

Can share2???

This project is a 48 months project.

If one is having their bank LO, I would tend to think that calculation is done. And it is done based on SPA price. No need to reapply for fresh loan. As someone mentioned, not sure BNM will send memo to instruct them to implement on certain date or with immediate effect.

The chain of events that happened recently will surely trigger EcoWorld to take different measures. During the budget announcement, DIBS is mentioned to be abolished but without mentioning the date. Thus, EcoWorld dare to say the show will go ON.

Then when KPKT announced on 15th Nov.. that all the APDL approved after 15th Nov will not have DIBS. Then Ecoworld has to change direction again as they have yet to get APDL.

Subsequently, the change of calculation of loan that will be based on nett nett value rather than SPA price. This is really a BIG SPANAR in the equation. Communication is top notch so far. Sending letter to purchaser is the way to remind and ensure buyers to speed up loan application process and to secure the LO (regardless the status of DIBS).

When one is embarking on a sailing journey of investment, one has to change direction based on certain info and intuition. There is no one recipe for all. Cancelling DIBS is a must for them to comply with KPKT instruction.

On whether 4% is enough or not, that is tough question. One gotta do some simulation to see the interest incurred.

Does replacing DIBS with 4% make you think this project no longer has the potential to be the next succeeful integrated development? Think again....... Dont let a small obstacle cloud your judgement.

On the proposed incineration plant, there is also a masterplan from the G showing that the MRT station is located diagonally opposite from the proposed site. I seriously dont know what is their intention putting up an incinerator in a highly populated area. Let me share what is so bad about incinerator though some may think incinerator is the way to go....

1. Operating cost and project cost is very high. Those people dont know what they are doing. They may spend alot in training and end up getting nothing. Does Scorpene sound familiar?

2. They may say the cost is now lower. But then it doesnt stop them from putting up VO during construction, just like the new palace...started with 400million and ballonned to 1.2 billion.... Wanna me talk about KLIA2?

3. Incinerator need fossil fuel or huge amount of energy to burn the wastes. Our waste composition is pretty humid or wet. It requires more energy, making it less cost effective. Look at our waste, we have too much cheecheongfun sauve, mee rebus kuah or dhal in it......

4. Have the G try to cultivate the 3R concept..... REDUCE, REUSE AND RECYCLE....? Back home, I recycle the plastic beg from Maximo/Gardenia bread. Vege wastes and fruits wastes are buried as compost in my tiny garden.

5. Putting an incinerator is like curing symptoms rather than curing the root cause. THey ought to put up concerted efforts to reduce wastes and also to reduce consumption of those plastic-based packaging materials such as plastic bags and styrofoam pack for chapfan.....The anology is like going to see an incompetent doctor who just wanna prescribe you antibiotics and paracethamol without inspecting you enough of what cause the fever and inflammation.

6. This incinerator will be spewing out massive quantity of carbon dioxide that contribute to global warming. Eventually, this will lead to more man made disaster, rise of sea level, etc.....

7. Apart from CO2, there could possibly discharge of dioxin and other harmful byproducts. Such pollution will get into the air and our water system....eventually semua kena... Regardless Ecosky, Lakeville, Kiara East FRIM, Selayang, Seri Gombak, Kepong, Jinjang, Desa Park City...etc...

8. There are 2-3 runnings parks nearby the proposed site....Kepong Metropolitan Park, Mastiara Metropolitan Park and also FRIM... all within the radius of 3km... They wanna kill people meh?

9. Have the G trying to divert attention? Similar plant proposed in Kg Bohol Puchong and Broga had been scrapped. Why choose to do it again when rakyat know there is a better way to solve of wastes? remember 3R....

10.... For everyone, regardless you vested in EcoSky or not... Have you done your part in contributing to 3R or to help our Mother Earth? (dont answer me..... answer it to yourself and change now).....

Sorry for the long winded post. PM me if anyone wanna know more about the campaign on Saying NO to Incinerator....

Lawan Tetap Lawan.

Thanks for the good update. So, those with LO shouldnt be worry on the new ruling....JUST DONT REAPPLY FRESH LOAN.

I have been trying to get hold of the spreadsheet to simulate the drawdowns within the 48 months so that one can get a feel whether 4% is adequate or not. Who have such spreadsheet?

aiyah Kochinkor...You burn my stack..

On serious note, without APDL, it is relatively hard to navigate the journey clearly and correctly. I would try to be Sabah Sarawak (i.e. patient) till APDL is obtained and then see what are the contingency plans that could probably take place. They surely can see how much they kena tembak-ed every now and then.

Let's see how they redeem themselves...okie mouh Kochinkor???