Dear Neighbours,

Let's continue to party here

Version 1: https://forum.lowyat.net/topic/2464259

Version 2: https://forum.lowyat.net/topic/2983341

Version 3: https://forum.lowyat.net/topic/2997865



This post has been edited by cheryee: Oct 30 2013, 08:10 PM

This post has been edited by doomdoom: Oct 30 2013, 08:15 PM

Hi Neighbours, V4 up and running, keep it all coming!

Ya!

Yay V4.. very fast

This post has been edited by darkian: Oct 28 2013, 11:45 AM

OMG,v4 already!

QUOTE(vislai @ Oct 28 2013, 11:28 AM)
welcome back to weekday gossips. haha..

By the way, i plan to sign my LO today. Can you guys help to give some opinion which offer to take:

a. CIMB blr -2.4, fully flexi, 90% full loan, rm200 set up fees, monthly rm10 for maintenance, current account with cheque book. 35 years tenure. No MRTA/MLTA

b. Hong Leong, blr -2.4, semi flexi, 89% loan margin, no set up fees, no monthly maintenance, no current account, 35 tenure, optional renovation fees RM94k (interest follow market rate after VP).

notworthy.gif notworthy.gif
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Hi Bro Vislai,

Option B: I have few queries:
1) Are you sure it is 35 years loan; I double check, triple, quadruple checked with HLB - they can offer max 30 years. Please clarify
2) Do you need the Reno Loan - of RM94k; the interest for this is like Personal Loan interest, 7.5% onwards fixed.
3) Are you going to be paying extra every month and may want to withdraw in future?


Darween taikor,
yes, you are right, my bad, hong leong max is 30 years! About the Renovation loan, it is following the BLR 6.6%, (depends on the BLR rate after VP).

So, if i opt for hong leong, each month the commitment is higher than CIMB installment.

other bank give me blr -2.3, that's why i am considering among hong leong and cimb only.

Bro Vislai,

So, its between CIMB and Hong Leong now:
I would go with HLB if can afford the 30 years repayment.
I can use the reno loan for another prop investment.
I can save the monthly cost of maintaining the account since I wont be paying excess every month.

But, if I dont need the reno loan, I will go with CIMB, since I have 35 years and I rather have longer repayment tenure since, most of us will try to pay off earlier.

Me today , u all party dulu ya!

Get well soon!

Congrats on v4! And get well soon Cheryee !

Congrats to all.... cheers...

one banker told me have to sign the LO within 1 week... got such thing?

i think standard should be within 2 weeks if not mistaken based on rhb LO

Very strange Monday. Alliance rep says my LO will mention DIBS, but what if SEH calls off DIBS? Then I spoke to SEH rep on the phone. She said the management is still discussing and will let all of us (those who have booked) this week what the latest story will be. Until we get some key details in b/w from SEH, it would not be wise to sign any bank LO, methinks.

looks like maybe depend on bank.
Got one bank like very long also no chase me ..haha

Have you tried RHB? Semi flexi, blr-2.4, no lock in period, no monthly processing fee, no setup fees.. actually not bad!

if bank offer letter also got mention DIBS, should be very secure oledy...

if only SEH mention DIBS still valid but bank say not confirm, then u need to worry...

i think most likely the DIBS still valid but SPS is very careful on this so they not simply promise buyers...thumbs up for the SPS...not like some developers bluff here and there....haha...

in fact, HSBC and OCBC confirm to me this project will under DIBS....

CY mui mui, must be yesterday pou until too late, that's why sick liao.. Take care ya...

very true, UOB, RHB, Maybank, CIMB all confirms to me it's DIBS scheme.

sam kor, already tried Rhb, but wait until now still no news, probably been rejected gua, their DSR calculation is quite low, maybe i can't pass their assessment. Anyway, i am going to sign cimb. their lenglui banker will come to find me later.

happy to hear that.

haha...i think in this round, banks have more confident than sps, they are very willing to offer DIBS to sps but sps still very be careful on all the terms and regulation ah...

aiyo, i wanna give a another thumbs up to sps la.....very very professional in handling this kind of issue, never simply promise anything without confirmation and once they promise, normally they will make it happen.

Good, if got lenglui serve one better take the lenglui's package..

My RHB application also takes 9 working days before they revert back to me... fairly slow but with attractive package..

Lol, that confirmation is before the budget, now not sure they will change it, coz I not yet sign the LO!

trust me, avoid RHB if possible, i have bad experience with RHB loan before...so damn slow response and so damn lousy service...finally i chose to refinance to other bank...this bank sxxk...

but now even though after budget, HSBC and OCBC bankers still come back to me and say still valid for DIBS, only SPS still be very caution on this...haha

Yes, I have the same feeling as well. Ambank and Rhb, slowwwww.. Thanks for sharing out!

So far only Rhb offering package with no lock in period, but after the revision of RPGT, no point as well.

Great to hear that. So you already decided on the bank loan?

not yet, nt yet ask the agents come out to explain to me the detail..

This post has been edited by doomdoom: Oct 28 2013, 02:08 PM

Oic, what kind of details should be asked? Can share? coz I also worry will miss out something.

doom2 kor, your rhb banker lenglui one ma? haha...if not lenglui plus slow response,

my previous experience on RHB , they also better package than other, better a little bit only, but somehow their service is really bad...i remember i have issue and need some clarification on the loan, i called the RHB but the divert me to here and there, after that i went to their main branch at jln tun razak, and nobody can answer me and ask me go to bangi branch because my loan detail at there..i am like what the fxxk, your system cannot link to main server , then they say cannot, and that time is during peak hour around 2.30pm..but the office area at jalan tun razak RHB looks empty....some are chit chat there.....


so on that day, i refinance to other bank..foreign bank give really much better service compare to local bank..

that RHB experience is long time story..not leng lui, is a ugly looking guy...

some standard like lock in period, withdraw facility charges, principal reduction payment amount...bla bla bla...will read thru the offer letter before decie..u know la..some agents like to keep the bad thing and only share with u the good things...so better be careful before u sign on the dot line...

So sorry to hear that. Wah, need to apply Rhb, also better to think twice.

this is my own personal bad experience with RHB la, maybe other got good experience with RHB...

but i really have very bad impression on this RHB, i spent whole day just to get some detail about my loan and even went to the main branch, somehow they cannot provide me the simple info, all behave like a fresh grad even though the manager come out also talk to me like a silly person and ask me go to Bangi branch to ask detail, ask them to call, they say cannot as they dont interrupt other branch matter......feel like want to slap his face....

so now for any house loan, i will only straight apply on HSBC, OCBC, UOB and standard charted...

This post has been edited by doomdoom: Oct 28 2013, 02:25 PM

TQ neo kor!

TQ Maldini kor!

U think I am 18 sui, pok pok chui meh! Where got pou woh!

My personal experience with RHB in relation to SEH:-

a) 1 of the best package for SEH ie BLR - 2.45%;

b) No lock in period;

c) 1 working day for pre-approval;

d) 3 working days for final approval + issuance of LO;

e) Leng lui SA.

Note: I am not an existing customer of RHB.

mine still now news from hsbc @#$%^@#$%^@#$%^

who say only 18 sui pok pok chui can pou jek?

CY glamour, always get the good package and nice treatment...

Anyone getting the DSL at blr-2.45? Please kindly share ya.

This week most of us already need to sign the LO I suppose..

Me 18 sui pok2 chui time oso no pou, sibuk belajar saja

Sam kor,

Nothing to do with glamour or not.

I believe it is because that I have submitted the complete set of documents including the latest CCRIS report to the leng lui, that's why she can process it without any delay lo.

This post has been edited by cheryee: Oct 28 2013, 02:59 PM

So, that's why now double up the "pou" period to compensate the the time you missed last time loh..

Now pulak too old to pou wei! Only pou in LYN lo

I did the same, why mine taking 9 working days instead?

Lol.. pou in Lyn won't sick one..

My OCBC offer is BLR-2.4 only. No lockin. Not attractive at all. And they seem to act like the no-DIBS policy doesn't change anything.

You didnt use the leng lui SA, so literally it's not the same woh

Sick wei! Mata rabun, jari sakit, tulang belakang lenguh!

i remember in thread version 3, one of our DSL buyer (Aquatilis) get blr -2.45, probably is because the loan amount over than 500k

True hor.. should call leng lui agent instead... regret...

Hmm.... I'll prolly go with Alliance (-2.45), unless others come back with better offers.

UOB just informed me that they're putting all DIBS projects "on hold" until they get a clearer picture of things. Hmmm....

Lol... no lah, you can opt to change to better massaging seat, 40 inches LCD monitor and ergonomic keyboard mah...

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.

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.

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'.




This post has been edited by divingfaces: Oct 28 2013, 05:27 PM

thx for both feed back CG's house design indeed is quite attracting but the location and that small township

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?

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 .

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...

This post has been edited by doomdoom: Oct 28 2013, 08:59 PM

Upgrade materials? If they let us choose then is ok. If not, i rather take the cash

Any idea whether SPS will provide the first year security for free? After that residence needed to form the community to engage the security company?

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

U salah faham de, what I meant is since PBB n UOB have withdrawn as end financier for seh, then are they going to revoke all LOs issued for this project?

This is really big news indeed. Need to FUP closely on this. Thanks for sharing.