Hi Neighbours,

Good morning. I have gotten hold of the 4th Schedule for Merrum B1; sharing for your information.
 

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Yeah, certainly bro neo.
The DIBS portion has been ball-parked into the selling price, so, if it is not removed, or given as a rebate - certainly the other phases buyer are being shortchanged. I guess, they are trying to keep all under wraps and we will find out only when you guys sign the SPA.

Exactly, but its not confirmed that they will not release any info before SPA date. Because, in your SPA letter that is to follow your SMS - it will state the exact amount required on the day. So, this is just speculation if they will release it earlier or they will expect you to wait till the SPA signing date.

Anyways, just wondering, will you want to drop the unit should the DIBS is not fairly compensated?
But, i firmly believe the package that is replacing DIBS should be made clear to those who have selected the affected units for them to make reasonably informed decision and revert back to SPS adequately and not create chaos / scene on SPA signing date.

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....

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.

yeah, confirmed, just off the phone with one of the fella, i grilled him over it and questioned why it was not per communicated earlier, ie better material.

He admitted they mentioned so but upon clarification with technical team, found out that is not the case, almost similar material, so you're paying extra for nothing really.

sumore they are such a reputable developer.
How can just say 'miscommunication' then can charged the buyers higher price?
seriously unfair.....
let's just hear what they gonna say on 7 & 8 Nov.

yup might be losing battle but i wont shut up.

purpose?

i definitely won't make their life easy. Will consider filing a complain.

Hi All,

Just got news from Tralas buyer. They will not have DIBS but compensated with discount of 3%. Almost certain.

Thanks.

Dear all Aquatilis & Pistia owner, let's compile in below list. Thanks!

Aquatilis:
1) Me-Skyvi
2) Aquatilis3
3)
4)
Pistia:
1) Melmel
2) Ms tan
3)
4)

Luzento
1) Robert
2)
3)
4)

Monlis
1)
2)
3)
4)

Aravia
1)
2)
3)
4)

Stagnia
1)
2)
3)
4)

Not sure about the SemiD, but the billing schedule for DSL is only consists of 70% of the total sale price:

Down payment: 10%

DIBS period:
Foundation: 10%
Structural framework: 15%
Wall and doors and windows: 10%
Roofing, wiring, plumbing: 10%
Internal and external finishes: 10%
Sewerage: 5%
Drains: 5%
Road: 5%
During VP with electricity and water supply ready : 12.5%
Separate tile issue: 2.5%
8 months after VP: 2.5%
24 months after VP: 2.5

If this schedule is applicable to SemiD as well, you do the maths to check whether it is worth!  

True, that's why some buyer said even better if put in the discount directly into other flexi loan account (if you have other property), interest 4% ++, higher than FD...   

Nevertheless, it is interest gained against the rebate/discount, not much though, perhaps just 2k++. Without the DIBS, we need to service the interest charge on the loan too. The rebate/discount is not just stay idle in your account for 2 years, you will need to take it out to pay the interest progressively. 

In addition, we don't know exactly the projected billing schedule of SEH, thus they may already factorized this into the calculation.

example: 800k, 560k (70%), interest charge 560k x 4.2% = RM 23,520 (average value for 2 years). y is based on purchase price 70% ?

Yes Bro Cavynz.
Will do.

   

Bro skyvi, your company kah...   

This one nice.. 

Trip to Semenyih

All housing loan for a master title property is subject to a PA geh, cannot lari one