Bring ur birth cert or marriage cert whichever applicable..this kind of transfer is permissable n without any charge. U dont lose ur rm1k.

OPR is expected to increase at least 25bp 1Q next yr n another 25bp in 2015. With GST kicking in in 2015, it will coz a spiral of inflationary effects n this will push up the OPR which will coz BLR to increase in tandem. If ur loan is either 80 or 90% its safer to take dibs package n sleep soundly. If loan only 70% then non dibs makes sense..

GST has far reaching effects. Many goods that r currently not under d present d saes n service tax will incur GST such as your basic necesssities ie coffee, tea, creamer, canned fruits, school bags.According to an article I read, thr r 250 pages of goods n services exempted fr the current sales & service tax but thr r only 21 pages of exemption in the upcoming GST. Inflation will shoot up n potentially BLR will go up as well.

Its the latest Rocket publication under d title "What the govt doesnt want you to know abt GST". Thr r lots of info that main stream newspaper will not disclose.

But scott garden doing well ma. With anchor tenant being Tesco. It helps drive their soho prices. VP was out in april 13 n price has doubled up fr rm280k to rm520k oredi..

If u buy 2 flip, no need to take fixed rate as u will b selling within 5 years. Why pay d premium? Blr expected to move max by 0.75% max in stages in the next 4 years. But if u buy for own stay, n 4 long term basis like for more than 8 years, then it mayb worthwhile going 4 a fixed rate 4 peace of mind.

But I expect u guys in this forum are mainly flippers n speculators, so why bother with fixed rate loan. Most people buy property not 4 themselves to stay but 4 everybody else 2 stay. These days prob only 20 to 30% of property buyers r for own stay. The rest r speculators..

This project may hV higher % of people buying 4 own stay ie 40%.. but I know of 5 others buying into ekocheras purely for speculative purpose..none of them r staying. Mostly waiting to flip after 5 years 2 avoid rpgt.

In my workplace, I see many people owning 5 - 7 properties each. One gal has 15..each of them only stay in 1 hse. The other properties r purely 4 speculation purpose..

My wk place friends were in this property investment game starting almost 10 years ago. Prices of property were relatively much cheaper as compared to today. Furthermore no more bnm cap of LTV of 70%. So can borrow upto 90% for even ur 6th property. Rental yields were much better n u get positive cashflow for most of ur investment deals. Today with high property prices cashflow is going negative causing many people to speculate instead of investing coz holding long term will cause a drain on cashflow.

When negative cashflow fr holding properties become a burden, the investor will need tp offload quicker, hence speculation become more rife. If u look at all the investment into recent launches ie sunway velocity, a 850sqft 2 bedder fetches price of min rm950k on low floors n higher floors bridge the rm1.0m mark, can ur rental ever cover the instalment. No way!! So if the investor holds several of such units his cashflow will be in the red perpetually. And yes even if an individual holds 10 properties he better hv a good day time job as he needs 2 produce his beautiful pay slip 4 banks to lend her money to invest in new purchases..

According to ms yeong, block N will probably b launched 1Q next yr. Could b end jan or feb 2014. I think they hv 2 clear their unsold stock in block E first, so it will b easier to push up price 4 block N.

Anticipated increase in blr due to gst which will cause inflation. But each increase is 25bps. We r enjoying lowest housing loan rate historically. The rate will not drop any further but is set to increase going forward.

Any of u guys checking out Star Residence near klcc. They r launching tis sat. Starting price rm1,500. Got 8% tebate.

Star residence still cheaper than st regis, harrods & four season..all these above rm2k psf.

Block J sign first right?

If u meet joe wong, ask him abt the 12 cineplexes..

Commercial properties attract GST when u sell in secondary mrk. Rental also attracts GST. This makes sovo less attractive as compared 2 residential project.

Price wise u got a better deal than those who bought block E and H coz u got 5% discount. Recycled units by the developer went up another 4%. So u got ur unit now 9% cheaper which is a good start. If u do plan to stay thr in 10 years time, its worthwhile keeping it as ur unit with 2 carparks will come in handy. Dbkl is tendering a multipurpose hall with 28 stall foodcourt across d road near leisure mall which will add value to ur unit as well. Other mrt developments in cheras ie youcity also selling similar price to ur unit but its further away fr city centre n does not enjoy direct connection with LRT. Sunway velocity another cheras project, on d other hand is selling at a whopping rm1,100 psf which makes it 30-40% more expensive than yr unit. This makes ur unit looks competitively priced.

Bro..if u buy low floor n take 90% LTV, u better take DIBS package coz u may end up paying more interest during the 4 yr construction. For ur case take DIBS and sleep well for d next 4 yrs without having 2 worry abt interest rate hike (which will inevitably take place).