Only maybank has this facility ya

Icic, means if I sell immediately after 4 years later, means my redemption amount is RM 520k, just that I don't have to service progressive interest in those 4 years.... got good and bad then.
tqtq

Do u mind to share your email template to us ???

I am not very sure entirely what they will technically provide as S&P is pretty vague on this matter, all I know is that according to YTL's representative, the strategy in telephony and internet will be similar to Midfields 1, if that's the case, there will be heaps of insurmountable work to be done by the JMB in future in order to allow third party landline based providers such as Telekom, Maxis fibre, etc because YES is a wireless provider, the infrastructure required will be different than landline fibre optic base. I am not an expert in this but I can make some assumption.

I haven't drafted the email, partly I am trying to formulate some solid points. Will paste it over once I've done this

Email is an enquiries only and not bound to be contract

To: hhtan@ytl.com.my
Subject : Midfields 2 Telephony and Internet Infrastructure Issue


------- MY EMAIL ON TELEPHONY AND INTERNET ISSUE ----

Dear Karen Tan,

I am Purchaser of Midfields 2, Parcel No. (Insert Number) named (Insert name (IC number)) in conjunction with (Insert second name if applicable (IC Number)) and I’ve just recently signed the S&P agreement with YTL on (Date of S&P signed).

Referring to the matter above, I was told by one of YTL’s staff that the telephony infrastructure provided for Midfields 2 will by default tailored for YES’s (a subsidiary entity of YTL) technical requirement only which is similar to the provision for Midfields 1.

As I understood with Midfields 1’s situation, this would mean that NONE of the landline and fibre optic type telephony and internet service provider (e.g. Telekom) will be able to readily connect to Midfields 2 once it’s handover to the Purchaser in future. The Purchasers will have to rely on the future JMB to facilitate the matter with external contractors in order to have the necessary infrastructure installed. Based on Midfields 1’s experience, this process is absolutely slow and difficult as retrofitting such infrastructure is more complicated than having them built-in in the first place.

Therefore, I request that YTL to reconsider of providing additional telephony infrastructure for other service providers e.g. Telekom for Midfields 2 for the reason as follows:

· High demand - Based on Midfields 1’s experience, it showed that a substantial amount of people (more than 200 signatures) wanted Telekom as their telephony and internet service provider. As I understood, the JMB of Midfields 1 has put this issue as one their priorities. However, the process of having Telekom to install the necessary infrastructure has been slow due to the mentioned complexity of retrofitting.

· Unlimited data cap - Many people rely on internet uninterruptedly for work and pleasure, currently only landline and fibre optic type service allowed for unlimited access internet access without any data cap. Wireless type of internet as provided by YES will have a limited amount of data cap imposed, as wireless bandwidth is scarce and premium in nature. Not every home user will require this setup.

· Price – as home users, many people do not require the mobile nature of wireless connection, looking at YES data plan, at the price Rm158 per month, the user will only get 10GB of data quota, after that connection will be throttled. This is expensive as compared to some other services which imposed no data cap. Not every home user will require this setup.

I am confident that YTL with the reasons above will reconsider the setup of telephony and internet infrastructure for Midfields 2 as I believed YTL will do its best to cater the need of its investors and home buyers. Thank you.



Regards,

(Insert Name)

This post has been edited by nebousuke: May 12 2014, 10:33 AM

But my maybank agent din told me bout this offer!! He just offer me 2.45....semi flexi conventional loan

CIMB offer me fixed rate at 2.4...no other charges, very transparent offer. What u guys think? thanks

Depend on the purpose you purchase this property, if:

1. purchase for own stay, better go for better interest rate like BLR-2.50 example, because bank will revise BLR very soon, suggest to take islamic loan because there will be no locking and got 25% discount on stamp duty of loan amount (normal stamp duty calculation is 0.5% of your loan amount)

2. flipper: better to take the capitalization scheme, interest rate does not important since you will sell it right after VP, however, with capitalization scheme, you no need to worry the progressive interest, better cash flow during this 4 years, capitalization scheme also no othe charge and it is semi-flexi also.

For maybank, they also can include the loan agreement lawyer fees and stamp duty into the loan amount and MRTA is not compulsory, if you choose their capitalization scheme, you no need to worry the progressive interest during this 4 years (of course you will need to pay back after VP la), simple to say, what you need to come out is the 10% of the purchase price that's all.

YES is YTL subsidaries....

Chinese people always said the fatty water shall not flow to other paddy field.

For Yeoh family, YES business is much more important than their property business. They will not let other telco into their property development, especially now that their YES not doing well. YtL Land has to take care of their sister company and willing to lose some property clients.

I am quite aware of what they try to achieve but as buyers who paid the money, we should at least push for better connectivity, it is no help if we just sit here and cry over the situation, might just write to YTL and give them more pressure.

do you mean the only choice is YES or there is other broadband option?

Right now, only choice in Midfield 1 is YES, JMB for Midfield 1 is working to get Telekom connect the remaining cable to provide the condo with their services and Midfield 2 is set to be the same if nothing is done right now.

Good effort to share such a lengthy letter but honestly, I do not think that "God's Little Pencil will bother to do anything about it.

You are better off complaining to Ministry of Housing against YTL for non-compliance to lay final mile of public utilities

Else, perhaps you should write a sarcastic letter to God's Little Pencil directly and ask the Mighty Hand of God to sketch the Last Mile of Telekom Infrastructure to Midfields 2 and also 1

Some Midfield 2 purchasers are YTL staff.. Do you think they dare to report their rice bowl company...

Perhaps I would but right now I am waiting for YTL's official responses.

There is nothing you can expect for that. Because from the first hand you should know YTL don't give Telekom to be their telecommunication instrastructure in almost all their properties.

If you thinking of doing that, writing email /complain to their department, nothing can be done. Trust me, even when Capers launched few years back we already know there wont be Telekom infrastructure in the condo. Same happened to Saffron, Centrio, Midfields 1...

but anyhow, you can try your luck but I doubt it tho...it is YTL we are talking about. If we dont like it, then probably we shouldn't buy it at the first place, am i right? hehehe

Good luck ya

true & agree indeed.

I don't think that's the correct mentality as a buyer, not especially when Malaysia just recently enacted Competition Act 2010 - http://www.lawyersworldwide.com/newsletter/201301/article1/, therefore the practice seemed even more questionable before.

But I am not here to talk about the legality of the issue though it would be an interesting angle to explore, I am here to urge potential buyers to make their voice heard regarding the situation, it doesn't hurt the buyers to voice out what they want especially before construction.

It's too late for Capers, Saffron, Centrio and Midfield 1, but it's not too late for future developments.

Bro Neb, we appreciate your perseverance and should not pour cold water. ..I think many here probably tried different things with YTL since Tamarind days and may have lost energy but since most of their projects have good price appreciation, most ytl fansi just accept it as part of the package (although this may not sound right to some)