Yes you are right bro. For the insurance. Not sure about amount though. Hopefully less than a million

sign my loan offer letter with bank, got a black and white letter stated that this is DIBS and bank will charge interest from developer directly during construction....

Great! tomorrow will call banker sign LO. sign faster n wait SPA only.

bro, which bank?

yup, just wait for SPA signing only. Which bank you sign?

Hahaha. If more than RM500k, have to do full checkup - but also depending on what policy you purchasing (MRTA or MLTA). Bear in mind, MRTA do not cover the ciritical illness - only Death and TPD.

If you buying MLTA, dont let the bank finance the MLTA - you better off purchasing yourself externally, because MLTA - Mortgage Level Term meaning the amount (sum insured) will remain level as per the origination date; i.e.: if insured RM1m, then the payout at any time in future will be RM1m too regardless of the outstanding amount. If you buy with the Bank, the Bank will tag the MLTA to your loan and it wont be transferable in future. If you buy from an independent provider, you can use it to cover your props instead of just 1. And, when it is not transferable, the new one (should you take one after disposing the current house) will cost more since you have aged.

I enquired for MLTA with HLA - RM400+ per month for RM1m coverage at my age of 28 now. This includes Death, TPD and critical illness; and I will do a full med checkup to avoid all complications in future - because I simply dont trust these insurance companies.

28.....

I agree for the land use efficiency. But I don't really like the house with windows at only one side of the wall.

Sorry bro, I remember almost everyone's, especially those who got the plavia 2

have sign urs?

so now who worry about the DIBS, can tenang hati a little bit ya, because i got quite firm confirmation frm bank still valid and even have black n white letter on this...

Hi Darween,

My is the other way whereby RHB approved 90% without any condition whereas cimb rejected my application due to high DSR.

Ambang,
I found out one of the factor OCBC classified DSR based on your salary. If your salary 3K-8K DSR should be below <80% but if you salary more than 8K DSR < 90. But I don't know how the others bank evaluation.

oh, net salary or gross salary?

So bro doomdoom, you have signed yours as well?

Nah... first lady of SEH fated cannot be low profile....

Guess every bank has their own credit criteria

Btw, next year fuel price is going to increase due to government plan to rationalise petrol subsidy. Cost of property construction is expected to go up further even before GST kick in. There will be inflation n may result BNM to adopt monetary policy to increase OPR to curb inflation.

My concern is not on high property price but rather on the possibility of rising interest rate. If my loan at SEH is RM900k n assuming BLR increase by 100 bps then my interest charge will skyrocket by 9k, which translate to RM750 additional interest per mth. Do u guys think this is very taxing? Anyone can share their view on this?

Any insider news on when phase 2 will launched?
How many dsl units available in phase 2?
Land size? 20x70 and 22x75?

My case is RHB rejected directly without considering giving a try but HSBC approved my application..