Bro, I have received my loan agreement last week. I have been told the lawyer firm in MV just will send you the copy of the stamped loan agreement after they settle the first billing. Perhaps you can call your lawyer for verification..

Wow... I think this the price our BBW predict for the SEH semiD after VP later......

Guys..... Found these two lands for sale in Mudah.. One is the Malay reserve that separating the EM and EW perhaps?

http://www.mudah.my/Tanah+di+setia+eco+hil...ih-25932827.htm
http://www.mudah.my/Bungalow+Lot+4+Invest+...ih-25609740.htm


Any comments?

Lol, dun play play with our BBW, he is the SEH greatest bomoh now woh, using the mighty broken crystal ball you know, not just simply coconut or sampan one woh...

TKJ, very true woh...

I feel owing to my lou poh zai for helping me pushing the lawyer, perhaps need yee san sheung hui to her jor..

No problem, bro.. I just share what I know since my lawyer is that in MV as well..

Sharing is caring spirit in the thread always prevail..

Bro, is the "DIBS" scheme clearly stated in your Loan Agreement. If so, you can ask your banker why progressive billing interest is recorded in your loan account.

Offer DIBS scheme but progressive interest is recorded in your loan account, isn't the bank already contradict on itself?

Oh, your unit is pistia.. You received the first billing as well?

In previous thread, I have show the rough calculation, actually it is about the same. SPS can come out with the magic figure 3%, sure they already projected the figure based on the billing schedule. So, no worry nia.

Lol. ... Can, yum cha chui shui always available, my favourite...

RA chairperson, need to let those capable and dedicated person to do it lah, definitely not for chui shui woh..

What you mention is true as well. Nevertheless, Monlis and Pistia belong to the second phase houses, presumably SPS will not request for billing so fast since they should already have the schedule for the construction progress, which based on this schedule, they computed out the 3%. Thus, I believe more or less should be about the same...

By the way, I personally believe SPS don't really bother to collect the progressive payment a couple months late, as without it, they also can proceed with the construction work without any problem...

This has been clearly proved for the DSL units which piling already being started even before the SPA signed..

Bro, no need to worry lah.. I believe as long as "DIBS" is clearly written on your Loan agreement, somehow the bank will request the developer to pay for the interest.

I think you just need to clarify with your banker, since ultimately the bank is responsible charging the progressive interest.

Lol, of course I willing to contribute what I can, I believe you will be doing that as well, right?

TKJ.... like this I jau chum loh, no money hentam Eco Majestic liao...

TKJ... I believe the issue here is which can appreciate faster???

Lol... a little advertisement for the EM ya....

Bro, regarding your 5% payment, I think you need to pay as the first billing is out. In the normal case, first 10% is the down payment, the next 10% is the piling and follow by 15% on the structural framework.

SPS will come out the first billing the on the 10% for the piling, the money is either to be paid by the bank or by you. Since you only get 85% loan, I believe your bank only will pay 5% in this first billing and you will need to pay the 5% remaining.

This is the normal case, but if there is some special agreement between the buyers and the developer, then there may have some exceptions.

All the units in SEH including zero bungalow lots are individual title if not mistaken. Differences between individual title and strata title can be found here:

https://forum.lowyat.net/topic/2243325/all

Generally, landed house normally have individual title while condo/apartment will have strata title.

Nevertheless, in these recent years, strata title for landed house start to gain more popularity since the amenities/facilities can be managed easier as the purchasers need to enter to a DMC as those condo/apartment buyers.

While strata title is easier for the RA to manage the community, but the maintenance fees generally are higher than those individual title if not mistaken...

Dear guys,

Finally SEH have added some descriptions on the link semid and semid units .... Late better than never...

http://www.setiaecohill.com.my/products.asp

Based on the master plan depicted, apparently all the DSL units (excluding Samanea and Saraca) are sold out.

Errana, Plavia, Lecus, Merrum all sold out as well.

There maybe some units available for Luzento, Monlis, Aravia, Stagnia and Tralas. Interested buyers may want to call and confirm.

http://www.setiaecohill.com.my/products.asp


For those who wondering where's the organic farm that SEH always refer to, following is the the farm information. It's not far from the Broga hill entrance anyway...

http://www.spcorganics.com/
https://www.facebook.com/LadyBirdOrganicFarm?flyingspaghettimonster=ts

As far as I understand..

Strata title: Developer apply the strata title -> VP -> Developer must arrange the meeting to form JMB -> JMB manage the sinking fund and maintenance fee -> JMB dissolved -> Formation of Management Corporation.

Individual title: Developer apply individual title -> VP -> Depending on the purchasers want to form the RA, developer not committed to assist in forming the RA.


For SEH,

DSL units: individual title, depending on purchasers to form RA, clear cut cases..

SemiD/ link semiD / Bungalow units: individual title, but taking the strata pathway, sign the DMC etc..

Why?
-> Perhaps for the individual title, the residents no need to pay such a high maintenance fees or sinking fund.

Can SPS impose DMC onto individual title?
-> Not sure, kena ask legal expert on this...

Agree, agree... I heard bro Treehill has written a "nice" mail to SPS.... Just let us use as template loh...

Rabel gor.. mana can see male give half ball ?? In football field kah??