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

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

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.

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.

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.

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.

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?

Just received a SMS from SEH requesting us to confirm the purchaser details for final preparation of the SPA.     

I didnt receive any SMS for them wo. How eh?
Please update / clarify.

I am waiting for CIMB - my employer's offer.
Initially, they said, they dont recognise variable income, so, I didnt bother them. Then, a banker named Ken took my docs and now, the application has been approved but they are waiting for HR to evaluate and reply on the rate as well as reno loan and other benefits since I am staff.
Either way, still need to wait since Developer Code not out yet for HSBC to generate LO. I also havent got the Alliance LO - since, the Reno Loan havent know the status.
Will sign next week.

I asked for my LO yesterday; but the banker said cannot give yet -- maybe cuz my Reno Loan havent come through - actually, I wouldnt mind cash rebate in lieu of DIBS too.
Only HSBC requires the developer code - maybe they dont want to have any legal issues when comes to execution - but I believe this will be sorted out before SPA signing.
I also understood from SEH Chris - that cash rebate will be given if DIBS is removed - should supplement the remaining 8%.

Yup mine one also DISP i assume is the same 

Yawoh, all are phase 1 purchasers but how possible is that to have a double standard on DIBS?

Purchasers of Luzento, Monlis, Aravia and Stagnia better seek a written confirmation from SPS on the DIBS issue.

Have you contacted SEH for further info?

If they offer you something to cover ur DIBS, its good enough.
Dont think they will offer anything more than DIBS