Congrate neighbours... V5 already....

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!

Lol.... Phase 1 unit not chap fan lah, at least a siu gei bei fan mah....

Lol, first lady, you know I always your loyal peanut follower, courtesy on me can be exempted....

Yeah!

8th December, starting from 8.30 am..... buy house or assist to make SEH more happening also entitle a free helicopter ride.... lol...

Bro, you stay in which part of semenyih? SEH bring in people mah, make the property in the vicinity ong as well leh...

Phase 1 units already have DL & AP, so DIBS carry on...

Phase 2 units DL & AP not yet approved, so DIBS cancelled. SP Setia arranging an appropriate compensation scheme. Latest news disclosed by some of the members here is additional 3% rebate.

This post has been edited by samkps: Nov 29 2013, 11:08 PM

Yes, nobody can 100% sure on the total interest incurred during the construction. Nevertheless, the 3% discount is against the sale price while the DIBS is against the 70% of the sale price.

800k, 3% discount is RM 24,000.

800k, 560k (70%), interest charge 560k x 4.2% = RM 23,520 (average value for 2 years).

More or less, about the same I presume.

Phase 1 units already have the DL and AP, thus no issue on the DIBS, SPA signing date is irrelevant I suppose.

Phase 2 units which still have the DL and AP pending, cannot get approval if DIBS still in place. Thus, in order to obtain the approval of DL and AP after 15 Nov 2013, developer need to take away the DIBS scheme.

Perhaps can check here for better clarification:

http://www.thestar.com.my/Business/Busines...sing-loans.aspx

Yes, rough calculation is about that.

I believe SP Setia also projecting their billing when calculating the rebate/discount, and come out a similar value. As a responsible developer, I believe SP Setia shall stick to this "projected billing schedule" as well, to avoid any dissatisfaction among the buyers phase 2 units.

This post has been edited by samkps: Nov 30 2013, 12:34 AM

Bro, have you signed your SPA and LA? Are you sure luzento is getting the DIBS as well?

As far as I know, luzento unit is phase 2 units and shall not entitle for DIBS.

Phase 1: Pallida, Pilosa, Angusta, Argentea, Lecus, Errrana, Merrum, Plavia
Phase 2: Pistia, Aquatilis, Luzento, Monlis, Aravis, Stagnia

8 Dec will the grand opening for the PARC. Free helicopter ride! But please expect the longggggg queue...


This post has been edited by samkps: Nov 30 2013, 08:09 AM

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.

If you haven't signed the SPA and LA, then LO may just serve as indicative. If the developer cannot obtain the DL & AP with DIBS, for sure they will cancel the scheme. The bank shall include a supplementary document for your LO then, I knew some banks even revoke the LO and issue a new one for signing. Perhaps you should check and confirm with SEH whether they already obtained DL & AP for Luzento units.

Huh, not aware of the PARC!!! You have booked a unit of Luzento even without a site visit? Bro, I salute you.

This post has been edited by samkps: Nov 30 2013, 10:40 AM

Well said!!

If LTV is 70%, die die also must take the rebate/discount....

You mean 70% ltv or 70% for DIBS?

Bro, this is the billing schedule in SPA for DSL:

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 title issue: 2.5%
8 months after VP: 2.5%
24 months after VP: 2.5

As you can see in the schedule, SEH only will bill your loan account for 70% before VP, that's the loan amount which interest that need to be serviced (DIBS - by developer; non-DIBS - by the purchaser) during the construction period.

My calculation above is based on 90% LTV.

Yeah, that's why I said, if you happen to be at LTV 70%, die die also must take the rebate/discount.

Lol... if you believe traffic jam issue cannot be offset by the property appreciation, then perhaps can consider to dispose your houses in Pelangi Semenyih and get one unit in Semenyih Parkland instead, I think no traffic jam problem in that area woh...

I put high expectation on the mall that will be established in Eco Majestic later, as well as the commercial development in SEH 2... With more banks and commie come in, I believe this area will be the one of the hottest well planned GnG township...

All SEH, EM, SEH 2 will have direct connection to the LEKAS highway, fully illustrating their accessibility and connectivity to other parts of the vicinity.

If one day MRT can be extended to this area, there will be another boom. Overall, the distance of SEH to the current KTM kajang station is just 10 minutes drive away, using the Silk Highway.

Lol... transforming to this.... More elegant and exclusive



This post has been edited by samkps: Dec 1 2013, 12:26 PM