Been here for a while... my first post on this thread..
Camellia buyer.
2,790sqf for own stay.
Hellooooo neighbours...!!!

Went to EM and SEH as well... but it didnt take long before I end up with SH Camellia.
Dunno why but it feels like its the good decision to made.
Just tengok model rumah ngan floor plan jek.


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Yep.. corner unit.
RM 975,800 (quoted price before discount & rebate)
Land Area 3,896sqf

Dont really know the nett price actually.
I just know its 7% + 5% + 5K. No other fees & charges except MOT.
Will be signing s&p n stuff next week.

Here's what I got:

HSBC @ 3.5+0.65
Maybank @ 3.00+1.30
CIMB @ 3.90+0.50
Ambank @ 4.40

Thats all the bank i submit to and all get back to me with their LO. Maybank, CIMB and Ambank are based on BBA concept of islamic loan while HSBC offer is based on MM concept of islamic loan.
Am thinking to go with HSBC. Any advice?

Yepp.. all is flexi including the HSBC.

Here's what i got before.


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Main different is MM/MMP dont practice the "ceiling rate" and "selling price" concept, as opposed to BBA. So the effective interest rate may fluctuate depends on the Base Rate (governed by BNM). In BBA, your total payment cannot exceed the "selling price" regardless of the BR fluctuation. If the rate remain constant or moving downwards during the tenure, you end up paying less than the selling price. The different between them will be treated as Ibra' (rebate).
*selling price is not the principal amount, rather its a 'calculated selling price with all the risks.' (I.e. principal amount of 800k may have more than 3M selling price for tenure of 35Y)
"ceiling rate" interest typically around 10.xx%
MM/MMP don't have this kind of mechanism. As such, there are risk that the interest rate may fluctuate excessively because it solely depends on Base Rate and the bank's judgement of the current economic situation. No limit imposed to protect the borrower. Then again, it very much depend on Malaysian economic. You can check BNM web for the Base Rate historical data to understand the trend.

Update:
Signed the SPA for the Camellia unit recently.
Apparently there's a reward of UNIFI subscription.


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