Wow..good analysis bro...
This for ltv 70% example...what about 90% or 85%?..is 7% discount still better than dibs?

Coz my brother still entitled 90% am???not me la...

Attended a GST talk on last sunday in the launching of KL gateway premium residences. As long as you purchase under your personal name in which you didn't register as a GST tax payer, you no need to charge GST 6% to either your buyer or tenant, even though it is commercial property. However, if you buy by company name and when you sell or rent it (commercial property), then you will kena GST.

This really release my breath a lot as some of my investment profile are commercial. Means when I sell or rent them after completion, I don't need to charge new buyer / tenant extra 6% GST, unless I register myself as GST tax contributor la...which is no way...

converting Block N to hotel is really a great news for existing purchasers, not only less supply but to force the lifestyle mall need to be successfully done.

Wow!
except point #4, ekocheras covers all other points wo...hurray!!

Captain Kor, point #4 is saying "with a nice and relax environment " wo...ekocheras...hmm...is a kinda urban lifestyle wo...

Signed SPA today, some sharing:
1. Only units on level 2 for block J, H and E are recalled
2. The re-designed mall contains air-con covered mall and non aircon street mall ( I like this concept a lot)
3. cineplex located in between tower H and E, above the 2-level shopping mall
4. 48 months contruction period is calculated from the date of signing SPA, not building plan approval date.
5. Liability period is 24 months after VP
6. still pending whether convert Tower N to hotel
7. the fund drawdown is upon "Completion" but not "commencement" of stages, it is a very good news for those who go for non-DIBS,
the 2nd 10% will be drawdown upon the completion of the fundamental and the 3rd 15% is the COMPLETION upon the structure construction of your parcel,
means 2nd 10% should be somewhere end of next year and 3rd 15% even somewhere in year 2015 coz they need to complete the mall first...very good...

I personally pay very high expectation in Ekocheras, it contains all components and easier access compared with other 2 ..
Cheras central...hmm...feng sui problem...

Only 2 fees you need to pay:
1. 3% of the purchase price then deduct 10K booking fees, can swipe credit card
2. if you sign loan agreement together, then you need to pay loan agreement stamp duty, which is 0.5% of your loan amount, need to issue cheque to the solicitor of the loan agrement.

That's all, developer absorbs all other fees even include the disbursement fees.

I think is because they don't have the mobile credit card machine during the fair gua...or because it is just booking, the 10K cheque was not banked in immediately until they obtain the permit, just swiped card during that time is considered valid transaction already wo...

Yup...is absorbed by the developer also...

I think any time is still a good time for property investment, just depends on whether the project is with good value or not...
Ekocheras is 3 in 1 combo .. MRT covered link plus shopping mall with cinema plus freehold prime location...only lacking is the experience on sales and marketing and knowledge on mall management...
Anyhow, this can be settled as long as u have money to recruit experience ppl to take care of it...

pay 3% if you take non-DIBS for your loan
pay 10% if you take DIBS for your loan

Will be signing this sat, the earlier to sign, the higher chance to get LAD if they delay..

That was block J...wow..u really follow me wo...

Ya..but MOT will only be charged after VP, and long long time after VP...just sell it immediately after VP then then the new purchaser would have to pay the fees of MOT if you want to avoid the MOT fees..

Both for investment. .not for own stay...

The conversion of block N to hotel is not finalized right?

What is your NEW change? can share share ya?

your unit is low floor or high floor?
the payment schedule would be:
1st 10% upon signing SPA
2nd 10% upon completion of work below ground level of the building
3rd 15% upon completion of your parcel

if your unit is high level, and taking non-DIBS, you need to pay the interest of 5% of your purchase price from the completion of the ground level until the completion of your parcel, so is very worth to take non-DIBS
if it is low level, means the period in between paying 5% interest and 20% (15 +5) interests is short.

But anyhow, the rebate is 7% instead of others developers only offer 3% to compensate the abolishment of DIBS, also the payment schedule is charge upon COMPLETION but not COMMENCEMENT, so i think go for 7% discount should be better...