Bro Amint,

Non transferable.

Hahaha, susah la bro Amint, need to have some sort of a relationship, not impossible but just a lil difficult.
Good luck finding one though.

This one can, was even announced during the queue. Because genuine ma.

This one I am not so sure bro. Need to check with your banker, but will certainly need to go for second approval to their credit officer; may take processing time like new application except bypass the credit check process.

But, coming to think about it again, the money you want to dump as another 10% can be dumped into the new purchase as additional DP and obtain lower MOF for new purchase, that way, your new commitment wud be lower unless your new purchase is more expensive that the one now.

In a way yes, unless you form a partnership company. Today, all okay, friend friend boleh la.
But, in future, unpredictable, so, if the rship goes south, who want to bear, bank cannot be chasing these ppl.
Recovery is costly.

But, it is possible, if not how SPS staff is buying under joint borrowings. I am unsure of the policies now, left credit approval / review 4 years back. So, dont know whats the development.

It is definitely subject to management approval; because, say person A queued and got the unit, now went for loan application, and loan reject, by right and proper practice, this unit of A should be given to the next person in the waiting list.

However, now A is saying B wants the prop and want to change the SPA / booking name to B - should SPS allow this, it becomes the speculator's market and unfair to those who had queued on that day to get a number. So, it will certainly be subject to management decision / approval and I am assuming A will have to justify the relationship with B to enable B to get the prop.

I can think of one; A has financial constraints and B do not want to do joint borrowing, based on mutual trust, A transfers the prop to B and then buys back from B at transfer price when A is able to financially. But, applicable / will get approval? - not sure. A&B is close friends.

Hahaha, sorry...my bad, yeah, should be able to obtain approval, right? Because, nowadays banks want all the name in SPA to be borrowers - so, double name = joint borrowing, can justify to SP to get approval.

What i meant was, internally, staff join and purchase.
SPS staff a few collate and purchase props? No eh?

I also dont know la.
The HSBC leng lui say provisionally approved. But, need some code from developer for this project - once developer provide the code, they can generate the LO.
First time hearing it, but I reconfirmed and the leng lui say approved. So, okay bo.
Now just wait for LO to be produced.

Hi,

Bro Skyvi,

I know because I asked around before applying as I know my commitment may not be able to obtain 90% loan due to my business and I dont want to do Joint borrowing. So, I asked all the Bankers on which bank is accepting guarantor. Found out that, HLBB, OCBC, Public, Alliance accepts guarantor. HSBC and RHB do not accept guarantor. However, RHB offered low MOF, HSBC offered 90%; maybe cannot appeal the rate for 2.5% but for me 90% is more important than the rate as 2.45% and 2.5% is just difference of few dollars.

3rd party here means the guarantor name cannot be in the SPA - not 3rd party to the applicant, right?
Because, they only allow next of kin, siblings, parent, wife to be guarantor. Uncles, aunties or even fiancee susah to be guarantor.
But, correct, OCBC and Alliance accept guarantor. Additionally, Public Bank, HLBB and Maybank do too.

Setia Ecohill 2 is Setia Emas by SP Setia

EcoGarden is by EcoWorld

+1

Tai kar jie has spoken!

This land is bumi land, non transferable to non bumi. Malay reserve.
Alot of difficulty to obtain this land. According to the technical person is SPS.
I am sure, they would have tried to acquire, whats the purpose of acquiring all along the stretch but leaving this in the middle.

Is it:
DL - Developer Licence?
AP - Approval Permit?

DL need to obtain eh? Dont SP already have a DL?

AP - is issued by Local Council, right? To approve the project; the code MPKJ.../.../... something something that will be printed on the brochures which allows developer to announce the price, and other details? As far as i know, SP havent obtain the AP for SEH hence the brochures are all unpainted with the prices and other specs.

According to LKS, rumored to be the largest G&G in Klang Valley.
Strata title, hence, will be a private sanctuary - thats why we are aiming that development.

Oh yeah wor.
I forgot about it. So, it is SEH needing a DL and AP.
Sigh, hopefully all comes through smoothly.
Now, can look forward peacefully towards building a nice home in the house.

Yes, but am not sure if it is only limited to ABB and OCBC.
Guarantor records do not appear in CCRIS - not only housing loan, but even for Hire Purchase.
As said, advantage is the LTV and net commitment calculation. This commitment will not appear in the income calculation.
Hence, I prefer guarantor scheme rather than joint applicant.

That's true Bro Sam, I also dont mind paying for the convenience, but IF you are not going to use the flexibility, then why pay for it in the first place.
Nevertheless, my HSBC set up cost is cheaper by RM100.