we all are just assume got or not got DIBS at here..how about drop a call to sp setia, will be faster...

Just called SEH. The person I spoke to said the management is still seeking out details of effective dates etc. She said not to worry, if DIBS cancelled, the management will come up with some scheme to assist (presumably we pay interest first, then claim back). Also, something to worry about, apparently the selling prices of SEH have been submitted to authorities for approval, and approval is still pending. She also said the announced selling prices are unlikely to change, DIBS or no DIBS. She said please give them some time to chase the details. We should know for sure some time next week.

kind like funny, now only submit the selling price for approval..but bank already approve and give offer letter, means bank accept and can value this kind or price...

yeah... funny... if not approve then how? pening leh....

my bank agent just confirm with me this is with DIBS...confirm...most likely will be the last sp setia project with DIBS..because start next year for any new project...will not be DIBS..

congratulations to all phase 1 eco hill buyers, u r the last batch for DIBS sp setia porject...

good to hear this...

I had cross checked with a few bankers and looks like all launched projects will be exempted from the non dibs ruling. All new launches even for this year will not be able to obtain dibs.

Yeah, could be bro sam. Does this mean CG wont have dibs?

If this phase of SEH is with DIBS, what will the prices be like for next phase of SEH? Lower than our DIBS prices, potentially?!

all launched projects for this year before 25/poct also not entitle for DIBS?

sure?

but my banker told me it's entitle because eco hill is been approved for DIBS before budget announce.

OCBC

Hi Darween,

Meaning no more dibs for SEH?

yeah, my thought is that without DIBS and with higher RPGT, potentially property prices will be lower down as developer still need to sell and buyers (investors, not for own stay) are probably getting lesser.. but whether this is the case or otherwise, no one can confirmed.. lets wait and see..

My 5 sen intepretation of his statement means all launches till 25 Oct can have DIBS...subsequent to that even if in Dec 2013, no more la

i think so...let's darween confirm on this..

This post has been edited by doomdoom: Oct 26 2013, 11:37 AM

Assuming its true, being the last batch of DIBS...do you think its to our advantage or disadvantage? Govt has thrown a spanner into my mechanical brain. Cant think straight. Any thoughts?

Boss, don't worry first, you're not buying a very high price prop with heavy discount or over price property.

The news still hot and it's weekend now, let's wait the BNM announcement to the banks and the developer would act something based on the implementation to satisfy the purchasers as possible. Based on SP Setia track, we wont worry about it.

Btw, it's not entirely true that the banker told you that the project was approved as DIBS before budget announcement and hence the loan should be DIBS. It's not at all.

We not yet known whether the implementation would begins 1st January 2014 onwards ( as usual ) or immediately where BNM would send a memo or new curcular to all banks by Monday or Tuesday. I mean I am talking about the DIBS and rebates to be transparent.

If begins on 1st January 2014, then I think SEH all escape with DIBS but must subject to Letter Offer and S&P signed before 31st Dec 2013.

If BNM implement it immediately on Monday or so, I not dare to comment further to reduce panics and speculation. Because too many examples which we wont know what's next on BNM criteria.

However, I see SEH do not impact much. Only applicable to those projects with heavy discounts.

bank got right to revoke term and condition, even the DIBS scheme that we signed in last year !
that's y some of the bank not join with DV for this DIBS scheme . bank also worry DV run ler !

DV is chopping board, we are fish, but now government is KNIFE !

well, for me is advantage la...at least not need worry on interest during cons...i dun think sp setia will launch phase 2 at cheaper price than phase 1 just because no DIBS..


and one thing i am sure..if no DIBS, some small developer project might hard to sell already, because buyers will be more caution because many small developers cannot deliver on time and buyers have high risk to serve interest in longer time..


low risk on famous developers because mostly can handover on time and low risk on abandaon, eventhough serve interest during construction still accetalble,,at least got peace in mind...

so at the end, the property market in malaysia will surely and slowly dominate by those GLC developers..like sp setia, UEM sunrise, TTDI, sime darby...

in fact, majority famous township developments already under these few major developers...


sime darby - putra heights

sp setia- setia alam,setia ego glades, setia eco hill..;-)

UEM sunrise - Mont kiara

TTDI- Alam impian

agree with u, not very high price..so low interest, but i would be happier if still got DIBS, money is money mah....

but i have confident on sp setia....maybe like one forumer say, eventhough offically no DIBS, and we need serve interest by ourself, but sp setia will come out something like interest rebate programme....

at least got 2 strong point to do this . SPA joint name and LA 1 name !