600/sf? Wow. Ok. Waiting for the pessimistic posters.

Had the chance to buy. But decided to skip. Thats just me. Definitely buyable....if for own stay. For investment, got some doubts on margins. I asked myself...If the developer is someone else, with everything else the same, will it generate as much heat?

So after all the discussion, got DIBS or not?

I can imagine this'll be a big disappointment to a lot of buyers. But lessons learnt for all. No matter even if ur well connected or the main guy behind the scenes are a some guy with reputation, but for a new developer with zero track record, its still better to be careful. Not giving black & white during booking is already a warning sign. The launching was such a big event that one wonders why they did not have DIBS all preamptly approved by the banks beforehand. It's not like the potential canceling of DIBS was not anticipated in the coming Budget then.

While one may argue that canceling DIBS will not be a big issue as they are giving additional discounts, but once all calculations are done, will the additional discounts equal 48 months DIBS? 48 months roughly contributes to about rm50/sf to the price.
Also, if a new developer can renegade on its promise so early on, what are the chances of it renegading on other promises? Is everything promised clearly written in B&W?