Is it? too bad, my banker not informing me yet..

Yalor, next purchase must get the leng lui agent lo!

I had to call them to find out!

Sam kor,

U hire me with my current package and provide all those comfy stuff for me ya!

CY, get well soon. Catch you later.

The usual standard is 2 weeks to sign LO, but now market is competitive, some pressure you to sign cuz they dont want you taking the LO to other banks for counter offer.
You should have an expiry date in the LO.

I dont think it matters really, should you sign LO now and SEH says no DIBS and rebate is given - the amount of rebate will not be made known to Bank, and you will still serve the loan - perhaps instead of SEH paying the interest, you would be paying it, to me its more important to secure a loan than DIBS.

I dont know how this is going to pan out. But, being SPS, I am sure they will be able to pull the strings as their launch was in September.
What i understood from some banks that confirm DIBS regardless of budget, but now bankers arent saying anything till SPS gives the final verdict.
Also, SPS isnt saying anything perhaps because they havent got the DL for SEH. Nevertheless, its a good thing that they are not over promising anything - and taking the time to make informed decisions. I would still continue to purchase whether DIBS or non DIBS but expect rebate if no DIBS.

Similar to bro Doom2, CIMB, HSBC and HLB confirmed that this is a DIBS project and will be financed accordingly. However, we still need final confirmation from SPS.

Like that issit? But what if the "rebate" to come is less than what DIBS will offer (not that I know how to count these things)? Shouldn't we get something concrete and black-and-white from SEH, know for certain what sort of "rebates" will be forthcoming (if it's coming at all) before we sign bank LO, bearing in mind that once we sign the LO, we'd be penalized if we subsequently decide to pull out? In any case, leceh la must pay interest while SEH is being constructed.

Bro Vislai,

Yes, RHB DSR is too low, they took alot of loans for processing, but application rate vs approval rate varies alot; they cant book loans if DSR is >80% and their income recognition (bonus/allowance) is low too thus low DSR.

Congrats, I am still waiting for CIMB to come back to me as they are working on a special package since I am staff.

RHB have customer service issues - they are not as aggressive as other banks - I dont have any bad experience, but since I worked there previously, we had tough time educating the bankers on the new credit application. Similarly, I also apply HSBC, OCBC, SCB, Citi (if got) and CIMB.

However, for SEH package, they were exceptionally fast though low DSR.
Pre-approval status was known within a day and they by far have the best package.


This post has been edited by darween13: Oct 28 2013, 03:53 PM

Bro sam,

You should have applied to Sherlyn, the leng lui. Efficient and effective. Banker with looks.

Bro darween, yeah, regret already. Miss the chance, should contact lenglui agent at the first place..

As i said it depends on your appetite.
I personally thought the Merrum was steep at RM1m, but then after due consideration, I concluded that the price is justifiable.
And, DIBS, yes, though it helps but the interest during construction would not be material till you have reached 50% drawdown.
Hence, as long as there are rebates, I can digest the non DIBS - but, the rebate amount is immaterial, as I am not going to pull out from the project. Then again, what you said is valid - good to know what are we signing for in Black and White as it is a tedious process to withdraw.

No worries. There's always another prop to look for.

Aiyo, CY mui mui loaded, can be self supplied mah, for the sake of comfortness to pou in Lyn...

I see. Thanks for the input. But how come interests don't kick in till 50% drawdown? Different story for landed props vs apartments?

Also, I wonder what you guys think of Stagnia, which I booked. I'd have liked Merrum etc. Did I pick a lemon? Is there something wrong with Stagnia, e.g., because it's a little too close to the perimeters of SEH? I personally have no issues with Stagnia's design, although Stagnia 3 seems to have an almost open dry kitchen, instead of in a room of its own, and also vs another Stagnia design which was both dry and wet kitchens!

I tah gung only! If boss goreng me, I cannot even afford to makan mix rice wei!

What I meant was the materiality of the interest. Only when the drawdown is approaching 50%, you would experience significant contribution to interest repayment. 2years construction, I would say, 50% drawdown will be in the 9th or 10th month of signing SPA. So, still bearable. Stagnia is alright in my view; just didnt like going so far in and dont know what is on the other side of the land - my first choice from the day of launch of WC has been Merrum and I went with Merrum eventually. Stagnia is having some premium because it is from Phase 2, not planned for launch together with Merrum. Layout isnt that bad either, their C-Shape was smaller than all the C-Shape in Merrum. Merrum B1 is also kinda weird the design, I personally think, some of the houses arent space effective - not the right layout, but they had to differentiate in one way or another - hence, I believe its okay.