1) Ecohill

2) EG @ Connemara

3) Ecohill 2 @ Setia Emas

Doom2,

Yup, LKS sd it will be the largest G&G in the KV! More premium than SEH.

SEH2 =  SPS

Definitely very wong but need some time lo

I am hoping for reduction of income tax %! Every year kena tax like that very cham leh     

I'm really proud of SP Setia when they show their iconic batter sea project in UK. Normally  Saturday and Sunday will be a lot of visitors but worth to visit there because you can jalan-jalan cari makan.

no DIBS should be effective 1/1/2014 geh ... thats why we all want fast2 sign SnP haha.

Effective 1/1/2014.

Budget 2014 ma! LOL ...

In my opinion, the issue now is not whether SPS wants to continue DIBS but rather the end financiers want to collaborate with developer. Budget announcement made it very clear "financial institution not to provide final funding to developers who are offering DIBS".

how about us who has not sign yet?   

For any developer to offer DIBS, must they get first get approval from some authority? If yes, then by right SEH should continue to offer DIBS. Panel banks should be able to go on with it too.

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.

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?

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

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.

True, I have trust on Setia. Look at the money they dumped in to build the infra, WC, show houses, landscape, parc, etc, interest incurred for DSL during construction should be around RM 30k, and Setia should have no problem to absorb it lah... 

Yeah, the food they provided during the launch day also not bad... lol..

I admire the most is they also have a line up of sales team who has high EQ, stress-resilient and attempted to answer thousand of questions for few hundred buyers.   

I have dealt with 4 different developers before, and no doubt Setia is the best, consistent with their superbrand title...

They still have the SEH 2 in progress, I presume they will try their best to ensure SEH 1 is great a success, serving as the role model thereafter!!