Outline ·
[ Standard ] ·
Linear+
Investment EKOCHERAS @ JALAN CHERAS (Ver 2) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai
|
CaptainCool
|
Dec 20 2013, 12:01 PM
|
|
QUOTE(restful increase @ Dec 20 2013, 11:19 AM) But if ur loan is 90% then u better take dibs else u will b out of pocket when interest cost escalates.. Already opted for non dibs even with 90% loan,as my unit on 21st floor.did my own calculation and it looks like I save around 10k on estimation of payment schedule compare to the 7% discount,assuming no rising of interest rates.
|
|
|
|
|
|
Jagalat
|
Dec 20 2013, 01:01 PM
|
|
So will the visitor to the sales office, plan take a picture of available units. Thx
|
|
|
|
|
|
tangibee
|
Dec 20 2013, 01:12 PM
|
|
QUOTE(restful increase @ Dec 20 2013, 09:51 AM) If ur only borrowing 70% without dibs package will suit u fine. My loan is less than 55% (LTV 70%). shall go for non DIBS.
|
|
|
|
|
|
restful increase
|
Dec 20 2013, 03:39 PM
|
|
QUOTE(CaptainCool @ Dec 20 2013, 12:01 PM) Already opted for non dibs even with 90% loan,as my unit on 21st floor.did my own calculation and it looks like I save around 10k on estimation of payment schedule compare to the 7% discount,assuming no rising of interest rates. Hi captain cool..u sure abt saving rm10k. If u can scan the payment schedule in this forum I can help to double check ur interest payment. To b conservative u got to use average interest of 4.70% to take acct of the imminent int rate hike.
|
|
|
|
|
|
restful increase
|
Dec 20 2013, 05:19 PM
|
|
Premised on recent news it is highly likely interest rate will increase by 25bp by 2nd quarter 2014 n another 25bp in 2015 due to inflationary pressure. After 2015 will b too far to forecast. But d interest rate hike will affect our interest cost payment.
|
|
|
|
|
|
CaptainCool
|
Dec 20 2013, 06:17 PM
|
|
QUOTE(restful increase @ Dec 20 2013, 03:39 PM) Hi captain cool..u sure abt saving rm10k. If u can scan the payment schedule in this forum I can help to double check ur interest payment. To b conservative u got to use average interest of 4.70% to take acct of the imminent int rate hike. thanks, but already too late as everything signed and settled, plus i also dunno how to upload that, and i think my savings and epf money could cover the additional 10% of the footing payments too if needed.
|
|
|
|
|
|
neonikson1
|
Dec 21 2013, 01:43 AM
|
|
QUOTE(restful increase @ Dec 20 2013, 03:39 PM) Hi captain cool..u sure abt saving rm10k. If u can scan the payment schedule in this forum I can help to double check ur interest payment. To b conservative u got to use average interest of 4.70% to take acct of the imminent int rate hike. Hi Restful kor, i am at 12th floor, planning to take none DIBS to lower the entry barrier. But do you think DIBS will save more $$$? DIBS is only covering max 4 years of construction period right?
|
|
|
|
|
|
mybenz
|
Dec 21 2013, 08:56 AM
|
|
QUOTE(restful increase @ Dec 20 2013, 05:19 PM) Premised on recent news it is highly likely interest rate will increase by 25bp by 2nd quarter 2014 n another 25bp in 2015 due to inflationary pressure. After 2015 will b too far to forecast. But d interest rate hike will affect our interest cost payment. Any news on the mall n hotel? Or just sales talk only?
|
|
|
|
|
|
neonikson1
|
Dec 21 2013, 11:45 AM
|
|
if the Highly anticipated mall n hotel didn't materialized, i wonder how would that affect the future price of this project?
I think mall n hotel is just bonus added to this project, we all jumped into ekocheras initially just because of the mrt station.
|
|
|
|
|
|
restful increase
|
Dec 21 2013, 09:44 PM
|
|
QUOTE(neonikson1 @ Dec 21 2013, 01:43 AM) Hi Restful kor, i am at 12th floor, planning to take none DIBS to lower the entry barrier. But do you think DIBS will save more $$$? DIBS is only covering max 4 years of construction period right? According 2 d developer, they computed d 7% rebate premised on a 90% LTV. So if ur loan is below 90% LTV, u will profit fr taking d non dibs scheme.
|
|
|
|
|
|
cheong87
|
Dec 22 2013, 09:27 PM
|
Getting Started

|
QUOTE(neonikson1 @ Dec 21 2013, 01:43 AM) Hi Restful kor, i am at 12th floor, planning to take none DIBS to lower the entry barrier. But do you think DIBS will save more $$$? DIBS is only covering max 4 years of construction period right? block J?
|
|
|
|
|
|
restful increase
|
Dec 22 2013, 09:42 PM
|
|
I signed my s&p yest. Saw a few high units in block E still available. Also still got big units which hv 3 rooms available for both block J & H. Developer informed several big units had loan rejects so dey r now resold to d mrk. But they were no loan rejects for d 762sqft duplex soho for block J & H.
|
|
|
|
|
|
Jagalat
|
Dec 23 2013, 08:15 AM
|
|
QUOTE(restful increase @ Dec 22 2013, 10:42 PM) I signed my s&p yest. Saw a few high units in block E still available. Also still got big units which hv 3 rooms available for both block J & H. Developer informed several big units had loan rejects so dey r now resold to d mrk. But they were no loan rejects for d 762sqft duplex soho for block J & H. Congratz to the S&P signing ... Thx first the info too....
|
|
|
|
|
|
soon9913
|
Dec 23 2013, 04:52 PM
|
|
i have also signed the spa. but the lawyer told me the stamping wouldnt be so fast. will be end of next month. restful gor, is it correct?
This post has been edited by soon9913: Dec 23 2013, 04:54 PM
|
|
|
|
|
|
mybenz
|
Dec 23 2013, 05:06 PM
|
|
Everyone talk about spa. How about the loan? Who is the loan Lawyer? Who sign loan already?
|
|
|
|
|
|
ecin
|
Dec 23 2013, 05:41 PM
|
|
QUOTE(mybenz @ Dec 23 2013, 05:06 PM) Everyone talk about spa. How about the loan? Who is the loan Lawyer? Who sign loan already? Susanna Lim & Partners, the SPA Solicitor is also panel Solicitor of HLB & AmB, other banks I don't know
|
|
|
|
|
|
Jagalat
|
Dec 23 2013, 06:35 PM
|
|
What I know from a SA was that, the developer will use different panel lawyer for S&P vs Loan.
This post has been edited by Jagalat: Dec 23 2013, 09:48 PM
|
|
|
|
|
|
restful increase
|
Dec 23 2013, 07:48 PM
|
|
QUOTE(soon9913 @ Dec 23 2013, 04:52 PM) i have also signed the spa. but the lawyer told me the stamping wouldnt be so fast. will be end of next month. restful gor, is it correct? Developer said the s&p will b dated the day u sign although dey dont allow 4 u to put d date. Pls remember d date of ur signing as a record.
|
|
|
|
|
|
mybenz
|
Dec 23 2013, 07:57 PM
|
|
QUOTE(restful increase @ Dec 23 2013, 07:48 PM) Developer said the s&p will b dated the day u sign although dey dont allow 4 u to put d date. Pls remember d date of ur signing as a record. No need to remember. u have the date of receipt of remaining balance. But that is not enough. Everything is legally binded w SPA. The date of SPA will have the say.
|
|
|
|
|
|
yang1976
|
Dec 23 2013, 08:19 PM
|
Getting Started

|
I try to postpone signing SnP to mid Jan 2014.
|
|
|
|
|