Wah, topgun gor, you are indeed very energetic woh, salute you...

Bro, do you mean payment for progressive interest or monthly installment in this context?

I presume it's progressive interest for your first billing. Monthly installment should not start now since it's not VP yet. Of course if you opt to start the monthly installment, it can be done as well. Nevertheless, if you are taking the Full Flexi loan account, it's really no point for you to start your installment so soon....

For the interest of your first billing, you should receive the letter from SPS first. SPS will tell you which progressive construction is completed (normally piling is the first phase of progressive construction) and will charge you at a certain percentage from the total loan amount (normally 10% for piling). SPS of course is sending mail to your lawyer in this context and cc a copy to you. The lawyer will then send the related documents to your bank for requesting the amount as stated in the billing. The bank will then release the this amount of money to the lawyer.

Starting from the first day the bank release this amount of money to your lawyer (subsequently go to the SPS of course), they will charge this amount to your loan account and that's the day the bank will start to charge interest. Interest is calculated on daily basis and normally will be compounded to your loan account every month. This is the progressive interest that needs to be paid by the developer (DIBS) or you (non-DIBS). Please bear in mind this amount of money is only the interest of the loan release and paying it doesn't mean you can reduce your principle. You still need to pay the installment amount that computed in your loan agreement after VP later.

Therefore, for the progressive interest payment, the root party is SPS. You need to contact them to ask whether the first billing for your unit is already out. If so, then you may need to contact your banker when the bank release the money to the lawyer (developer). Prepare to pay the first progressive interest within one month from the date your bank release the money to the lawyer (developer).

Lol, bro treehill.. My progress photo is on 25th February 2014 nia... It's already a month, I am not sure what's the latest progress now. If got time, will go to PARC and snapshot some photos for all the SEHrians ya....

this weekend ada pergi snapshot photo for SEHrians or not?

Vislai gor, this weekend many people busy with cheng meng stuff woh.. You got visit SEH this weekend??

Bro, really expertt!

Bro, actually what camera u used to snapshot the pics? How come so far but seem loke u taking the pic from that construction site itself? Can share2 ah? I already thinking whether I shld buy a binocular or not in order to see it. Everytime I go there I feel wasted coz really cant see much things with my own eyes

According to SPS site, they only only update the progress every 2 months le.

This post has been edited by treehill: Mar 27 2014, 03:34 AM

Bro, depends on location ma. If nirvana ok ma... Aftee that can go see

If during peak period, the Semenyih interchange at Lekas oso jam wei

Either note 2 or dummy digital cam jek, his dslr at home collecting dust jor

Nvm la...not always jam like that ma

Btw, you been missing in action for few days wo... pergi mana?

Yau mou? Note 2 can zoom till so far and still so clear?
Normal digital camera maybe can la... DSLR camera u also know. You memang close with his darling ya
Anyway, let Bro Sam clarify himself la

Hi all,

A bit update from my last weekend visitation to the site. Cheers.

hehehe..not free this weekend...

DSL progress really fast!!! Too bad not able to see the Semi D progress

Bro Vislai,

Saw this at SD precint.




Attached thumbnail(s)

Sorry. Error. Should be this.

Desa parkcity allowed dogs but not this Parc. Really unfair. As long as the owners are responsible i think should allowed dogs to step on the park too. Not sure why SPS not do something about it.

Seem like the concentration is on those DIBS units for DSL. Not much movement for Aquatilis and pista

bro, this is not in semi D precint. It is PARC, outside of Semi D precint.