QUOTE(LGThan @ Dec 28 2013, 09:54 AM)
Hi SAMKPS, tq 4 yr reply.
Frm what I gather fr market, usually developer offering DIBS will be completing the project ahead of schedule at least by 6 months so tht they can make some $$$ frm this scheme. If no DIBS they will complete th project on time as they don't get any reward for completing it early.
So, it is bonus for buyer if NO DIBS and early completion.
It is bonus for SPS if got DIBS and early completion.
Since the SEH hv mix of DIBS and non DIBS, we can expect some phases are completed earlier than others. Most probably DSL will be completed earlier compared to semi-d and hope this will help th township to mature by the time semi D buyers get their keys. Any comments?
Bro LGThan, first of all, welcome to the SEH community.... Frm what I gather fr market, usually developer offering DIBS will be completing the project ahead of schedule at least by 6 months so tht they can make some $$$ frm this scheme. If no DIBS they will complete th project on time as they don't get any reward for completing it early.
So, it is bonus for buyer if NO DIBS and early completion.
It is bonus for SPS if got DIBS and early completion.
Since the SEH hv mix of DIBS and non DIBS, we can expect some phases are completed earlier than others. Most probably DSL will be completed earlier compared to semi-d and hope this will help th township to mature by the time semi D buyers get their keys. Any comments?
Yeah, what you mentioned is correct.
For DIBS units, SEH will gain the advantage if they can complete the units fast and ready for VP since SPS can pay less on the billing interest they billing they charge to the buyers.
For non-DIBS unit, SEH can just ready the unit within the 2 years since interest is charged against the buyers. Anyhow, SPS also can play tricks here by building up the units fast, and drag the last 5% payment to the end of 2 years. Non-DIBS buyers will need to pay the interest for 65% for quite a long time, causing the buyers to pay higher interest. Nevertheless, I believe SPS won't be so irresponsible since they should have some progressive planning for the billing and compute out the 3% discount for the non-dibs buyers.
Anyhow, I presume the VP of the first phase DSL and SemiD should be about the similar time, since the SPA signing just different by two weeks.
The date of my SPA is on the date on signing, which is 8th of November. I also hoping can have early VP too...
Dec 29 2013, 07:32 PM

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