Hmmm, i not sure as i'm first time buyer...what do we need to bring along when signing SPA??

Citibank offer 89% loan only..and ask me to pay another RM5k for it....

I'm waiting for CIMB approval...think will take this bank...

TRUE !!!!

Well if you are confident that you are able to secure loan, you don't really need to wait for bank approval before signing, you just have bring the remaining of the 10% you are obliged to pay when signing S&P

how long time we will be given to secure loan? Loan kena reject with the reason of " too aggresive".

Just curious, YTL mentioned booking name must same as S&P sign, if someone can transfer it meaning hmm

money does talk

will have plenty flip flip flip for this project. 20k-50k let go and and change hand. so call no transfer is bullsh*t. as long as u can twist it and give a fake good reason is ok. just said long distance relative, your mom side relative, need move to oversea and pass to blah blah blah.... market practice all this while.

go book five different projects. each change hand with 20k pocket money. to gain 100k macam ini sahaja. if change hand not success maybe before snp burn rm500 only. 1 succeeded 4 fails still untung.

just book as many project as you can! time to flip till crash.

This post has been edited by HELLO HELLO: May 8 2014, 10:59 AM

Hello guys. I've just written an email to the lawyer to ask them about the things I am unclear with the draft SPA I've received from them. I suggest you write to them too if you are unclear.

The content of my email is mainly about the provision of air cond to the unit and also the telephony infrastructure issue. You can use my template below should you be unclear of this two things. If you have the answers of my two questions, please let me know. Thanks

-------Excerpt of my email -----

During the day of registration on 26th April 2014, I was told that each buyers were offered with 3 units of air conditioning including installation by the developer on each unit purchased. However, I couldn't find this mentioned anywhere, is this supposed to be inserted in the Fourth Schedule or else where?

Also in the main agreement under Clause 22 (1), it was mentioned that "the Vendor shall at its own cost and expense lay or cause to be laid internal telephone trunking and cabling." Further under Clause 22 (3), it was also mentioned that "The Purchaser may apply for telephone service and shall be liable for and shall pay the deposit for such service." Does these clauses indicate that the telephony facilities as to be laid by the developers in future adequate for internet service provider such as Telekom or Maxis Fibre excepted YES to easily provide their services without the requirement of JMB or individual owner to make request at their own cost of additional infrastructure from these providers to be installed? I understood that Midfield 1 was and is still without such infrastructure hence was unable to connect to telephony and internet services other than YES. Is Midfield 2 going to have similar issue?

Reg. name transfer, this is highly unlikely. Same topic came out also in Fennel. Of course some people will claim there are ways to do it..In any case, its a compliment to MF2 if someone willing to pay 20k premium to get a unit.

Guys, I just got back from SPA signing.

AND I CAN CONFIRM that YTL doesn't intend to provide the necessary infrastructure for telephony and internet via TELEKOM after spoken to YTL and lawyer. This is really disappointing.

But they gave me the contact of Ms. Karen Tan (hhtan@ytl.com.my) who is their customer service manager in order to voice out concern. I am intending to write an email to her about the situation but I know this is rather useless if I am the only isolated case, I hope all the buyers can contribute in voicing your concern regarding this issue to YTL.

Or even write an official letter with multiple signatures from various buyers in order to put out a strong case with YTL.

Hi there, nebousuke,

+1

Urge for more support.

Signed spa and loan offer letter this morning. ..
notice that only maybank provides capitalised progressive scheme, so no need to pay progressive interest during this 4 years., while maybbank will add back the total amount of interest into the principal, monthly repayment will only calculate when vp. ..and it is only less than 100 difference...
nice right?

Really? But the rate not that attractive.. How about am bank? Think to get them as their rate is good, -2.5 first 2 years, -2.45 following years, anyone can comment ? What loan u guys taking?

I think YTL will install the building telephony infra, internal cabling is by the purchaser. And whether with TM or not... U are right, they did not specified...

I guess one of their project pantai hill park, is not using TM as well, they are using TIME, which is not too bad..so as long as they built the fiber ... It should be ok..

How many level of carpark MF2 have?

But what about the redemption amount exactly upon VP or the day after lock in expired?

Is all the capitalized interest ( suppose from the progressive interest incurred ) after 3 years would be payable during redemption if you flip?

Any Citibank agent can recommended？ I heard it was offer BLR - 2.5%.

Or Maybank agent.

Thanks。

Says the loan amount is rm500k, for 4 years, the progressive interest is around 4%, which is around 20k, instead of paying this 20k during this 4 years, u pay nothing but yr principal will be 520k during VP, so yr monthly installment is slightly higher, however, for flipper this will be a good choice for better cash flow during this 4 years period

This looks like DIBS equivalent. Same impact for investor. Instead of developer hiking price to cover interest cost, financiers is now taking this role.