QUOTE(lcyeap90 @ Sep 24 2017, 02:57 PM)
Wondering why IOI has claimed up all the progress payments but the VP is Q2 2018.
The unclaimed portion left is the one for VP.
We are paying almost full interest since June 2017!!
Is this the practice for high rise project?
As for myself, signed up for Conezion when development was already up and going (about 30%+?). I think IOI offered 3 months interest free for my bank to get up to date on progress payments and also 8 deferred instalments scheme. Though I paid more interest at the beginning, the period should be much shorter than the normal 3 years.
Based on IOI's billings, my pending items are :
3. VP 12.5%;
4. Subdivision of strata title 2.5% (held till proof from App. Authority);
5. Retainment amount 5%.
So, 20% to go. Judging by physical appearance, I do not feel there is much discrepancy even if there is any. The only aspect not visible is what is actually inside the buildings. Maybe VP will be in Q1 2018 but, for me, it is favourable to receive a clean and properly built property from IOI - fingers crossed.
Those wishing to share Conezion introducer fees, please do not hesitate to PM. Thank you.
Cheers.