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.

I'm a little comforted by your view of Stagnia



I didn't realise Stagnia is supposed to be part of Phase 2 but released early. Mine is sandwiched between the Semi-Ds fronting the highway and those with their backs against the perimeters of SEH. Hehe.

Meanwhile, I'll just wait till SEH comes up with concrete plans (hopefully this week) to deal with the no-DIBS rule. Already have a couple of loan approvals, and am getting the banks to appeal for better terms. With any luck, all will be sorted out by next week!

Relax mate.

My order of choice should I not hit the Merrum was Aravia and then Stagnia; Aravia only because the land size was big. Stagnia was my 2nd choice in terms of built up.

But, luckily the Merrum B1 that I wanted was available and I managed to book that. Yeah, my loan has been approved with HSBC as well, just pending developer code prior to generating the LO. I am not keen in fighting for the BLR-2.45% / BLR-2.5%; at the end of the day, it is not so material to me. I am only keeping my options open now for offer from CIMB - since I am CIMB staff (whom did not take up the staff loan due to the restrictions) - the Bank is proposing for a better package.

I would be glad if its BLR-3%; else, I will just go with HSBC since the Personal Banker who served me was so efficient and prompt. She's young too, should give her a push to do well.

CG Diamond City = ~ 300 acres of township, replica of a CG project based on Spanish design, no direct link to Lekas

EG = ~1,500 acres of township, replica and improved version of DPC, direct link to Lekas and leveraging on SEH and SEH2

BTW, EG is 5X bigger than CG! 

Bro Manlet,

Depends on what you want lo.

CG = 200++ acres hence I believe, if they landscape it well, it would be very exclusive township with limited no. of residents and this will allow you to have the exclusive living conditions
SEH = 600++ acres, well planned but moderate to high end mixed residential hence, not so exclusive but for the privileged owners, they have their own benefits. All in all, this township caters to all from medium to above average income earners - not so exclusive but balanced township.

But, SEH wins in terms of location - so, you decide what you need, luxury or convenience - for me, it was convenience then luxury.

Latest news!

PBB n UOB confirmed pull out from dibs scheme. Guess more banks will follow suit.

We need to see how SPS is going to tackle this matter.

i think for DSL will need community who live there to set up and decide how much maintenance fee should be collect...well, total 4++  units for DSL, imagine 85% pay the monthly maintenance fee with RM100, so total about 34k monthly...hire 3 guards is enough....will cost about 22k monthly...still got extra 12k everymonth...can use this as accumulate fund to set up cctv and autoboom gate in future..maybe some nice landscape on the garden too...

Bro, there are total of 619 units of terrace houses. This including those reserved/booked by corporate companies and staff. If 500 owners paying for it, I think RM50-R80 per month is more than sufficient. i still hoping we can request SP Setia to install the anti-climbing/anti-cut fence for the terrace area. The rest of the things like CCTV and etc can gao dim with 1 time fee. Btw, 3 guards enough? The area seem to be quite huge .

lets see other banks will follow or not..and let see sps will come out other plan to recover this? maybe cash rebate? or upgrade the materials?

normally will just handover, the occupancy is not that high and might need to take some times to make the community become mature..but for sure it can be work up...

Latest news!

PBB n UOB confirmed pull out from dibs scheme. Guess more banks will follow suit.

We need to see how SPS is going to tackle this matter.

Wah! Then those who have signed LO with PBB and UOB then how leh?

Dibs is actually a form of understanding between bank n developer whereby developer agrees to pay interest on purchasers/ borrowers behalf. In the event of no payment or interest default, borrowers are required to pay interest.

To me, borrower is liable to pay the interest irrespective dibs or non-dibs. We are just lucky to have SPS pay for us if applicable

Latest news!

PBB n UOB confirmed pull out from dibs scheme. Guess more banks will follow suit.

We need to see how SPS is going to tackle this matter.

Hehe, ok, ok, relaxing to lower blood pressure, while waiting for results from the last two banks, i.e., UOB and HSBC (these two banks are a bit slow-mo where my applications are concerned)
BTW, would you be able to guesstimate how much DIBS would amount to if the SEH prop is RM1m? Knowing the figure will help as basis for comparison vs potential 'rebates'. 

Latest news!

PBB n UOB confirmed pull out from dibs scheme. Guess more banks will follow suit.

We need to see how SPS is going to tackle this matter.

lets see other banks will follow or not..and let see sps will come out other plan to recover this? maybe cash rebate? or upgrade the materials?