Bro, i was informed on the selection day that aquatilist and pistia has better material but few weeks later i went back to ask, it seem like not true. If the price is due to phase 2 brought forward to phase 1 then is really not fair.

Aqualitis bigger than argentea by 10sq and cost 40k more. Pistia expensive than angustua by few Ks where the size the land is smaller....

The sms which i received before signing didn't mentioned about the DIBS as well. Somehow, during signing, there is a clause describing the DIBS. The sms is just a standard message to all.

No worries for those who have not signed, SEH will sure come out with the rebate scheme to secure the sale.

Finally decided to give up damn tired with getting around with banks to get loan. good bye guys and gd luck to everyone.

From SA, Allot of Zero banglow open for public....
WWW or BBB

This was what had been told to me after checking with few SA. Very wish they use clay brick instead of sand brick.

huh which unit you got? seriously giving up?

Oh okay, so many factors to take into consideration in this case. But, pricing wise, it was expected that Aqua and Pistia to be slightly higher than the rest; but, probably compensated in terms of space utilisation/layout/quality - though yet to be seen since these units did not have a show unit.

However, bro Skyvi, the compensation may not be in form of cash rebate, it may be:
1) Pay first and reimburse through SPS
2) Forward the progressive drawdown letter and interest payable notice to SPS and they remit the payment
Works similarly with DIBS but just additional steps - hassle.

What would you do in the event if either of these 2 is offered?

Bro Treehill, it may be more than what it seems. Because, it was last Friday, November 22, 2013 that BNM issued a circular not just informing about the removal / prohibition of DIBS but also the Interest Capitalisation Scheme (ICS) and LTV based on the Nett Selling Price. This means, whatever plans that SEH may have had in place to compensate the removal of DIBS would have been impeded; assuming that it was a cash rebate. Hence, they may need to seek for clarification / approval again to be able to firm up the package that will compensate DIBS.

However, given the connections / strings that they could pull and the impending update - it is surprising that they have taken such a long lead time to inform the buyers on the decision. Nevertheless, it is certain that there will be some form of compensation; just what form to be seen.

Also, are you totally ruling out the cash rebate; because, there may be a way that SEH / SPS could still provide compensation of certain amount - i.e.: I myself, received the letter / sms informing the exact amount that is to be paid on the SPA signing date - but, they are providing flexibility to withdraw from EPF account 2 and just issue the remaining amount. Hence, I would not be ruling out any options, just yet.

Just my 2 cents.

But isn't these 2 steps is similar to DIBS? BNM allow todo so? Because this does defeat their origin purpose. If these is offered, may consider but just it will be very hassle. Same as PJD you city practice.

Bro darween, did you go for EPF withdrawal? How long the lead time is given for this?

Natman kor,

U serious? Your Errana confirmed ada DIBS woh.

Wah... Got DIBS oso Wat to gv up.

i think he failed to get loan approved.

According to Chris when I talked to him last Sunday at WC, there are 2 units of Errana 2 and 1 unit of Plavia 2 corner still available due to the initial buyers cannot get bank loan. I think one unit of the Errana 2 could be from Nat kor. Now SEH are calling waiting list people.

Sometimes, I think those people in waiting list are more lucky than us that we had to try so hard to secure our unit(s). Well, like what Sam kor sings:"ming lui yao si, zhong sueh yao, ming lui mou si, mok kiong kao". Must have this kind of thinking than only we can be better.

This post has been edited by Top Gun: Nov 28 2013, 10:33 AM

Bro Treehill,

On this matter, I could see that you feel unjust, but, it was made known earlier, that Aqua and Pistia is BF launches to ensure ppl do not turn away disappointed. At the very heart, this is still a business, and SPS will try to pay off all their loan as soon as possible prior to full development of the project allowing them to decide on the pricing of future phase with ease without having to worry about the accumulating interest on the bridging facility (if any) that they have with the financier.

This is infact applicable to all BF launches, which are way more expensive that the scheduled villages.
Thus, it will be matter of willing buyer and willing seller agreeing to a price and committing to it. The only fact that is debatable here will be fair compensation of DIBS which i reckon should be 3-5% of the Selling price. Thus, no matter in what form it may come - the DIBS compensation should total up to 3-5% and if it is, then, I still believe it is a good buy.

The launch price that was expected for Merrum was RM800K onwards, but when it was duly launched, the price started at RM938K and even then, only those priced at 998K and 1.01m was on sale for public. Just gotta make your decision and go with it. For me, it was for own use, hence, the decision was easy. For investment, need to think carefully.

Bro Natman,

What happened?

Loan didnt get through is it?
Hmmm, thanks bro, maybe next phase then.

Zero Lot Bungalow pricing starts at RM1.6m; not everyone can afford; moreover, with all the new rulings - foresee those whom are cash rich only can enter.

It is similar to DIBS - but BNM / Banks would not know that you are claiming back from the developer or developer is paying on your behalf. And, this will only be applicable to those that were supposedly DIBS - and now removed. Then again, if remember correctly, during launch, they did inform it was a conditional DIBS subject to nothing changes / status quo and approval.

I am still unsure how they can reimburse, if none of these and cash rebate. Seems like everything is disallowed by BNM. Gotta wait and see.

I havent withdraw my EPF Account 2. The withdrawal can only be made for first property purchase and only if you had settled your previous property should you want to withdraw again. And, withdrawal can only be made with the SPA - so, SPS have to release the SPA to us before we can proceed to withdraw. I am guessing a lead time of 1 month will be given to process this withdrawal. Nevertheless, the withdrawal process is very much efficient now, can gao tim within 7 working days if documents are in order. Direct credit to your bank.

CY, dia loan tak da lepas, bukan mau give up.
He fed up trying to get banks to approve.