For flipper

DIBS
Pay 10%, and progressive payment but no interest before VP

10%:90%
Pay 10%, no progressive payment no interest before VP

Which is better for flipper?

That's why I said 10/90 is not good to deter flipper, in fact better for them, save up progressive payment.

The good of 10/90 is reducing the risk of abandoned project that half way, whereby buyer/flipper still need to pay the progressive payment.
But nothing good to deter flipper.

After pay 10% still not BOUGHT? Sure boh? 

After the SPA signed, the names can be simply changed during the construction period? As I know, they are some developers don't allow it. Even the names for booking also can't change, only can add names.

Are you sure the SPA signing only 2 - 3 months before the completion?   

I presume the buyer should pay 10% during the SPA signing and then wait within 24 - 36 months until project completion?

Perhaps can read about the 10:90 system here.

http://www.iproperty.com.my/news/668/what-...build-then-sell

U creating anothr hybrid. 10% booking is not same as 10% DP for SNP. If need to pay 10% for booking only and no SNP, i lari kuat 2. Developer also dumb dumb if dont want you to sign SNP. Btw, whr you got this hybrib? Show us the link. I m still learning fr u.

I think this is a vague area.

Do you happen to pay any deposit when the construction starts and do you aware the sale price when construction just started?   

The more you try to explain, the more question pop out. Explain what is consider near completion? 90% completion? 95%? 99%? They usually do not allow bookong until certain completion. Again bro, pls be specific la. You just tembak everywhere. Until what stage completion can start selling? 90%? 95% 99%? Thn selling or booking? Do you know the diff of this two terms? Are u explain based on text book or real experience? If text book, show la ur source. I m learning fr you. The more u try to explain, the more star it is.

Icic. Thn make it clear la which 10:90 property you referring. Here TS BBW asking bout 10:90 for Goodview. Thn your so called 10:90 property in real experience real or not if you cant even named it. I m learning fr you.

SPA not sign until completion,then i have some question since u just paying the booking fees.

First what if I cannot get loan? Will developer return back the 10% to me ? Under current law, before signing SPA developer no right to forfeit buyer booking fees, may be just can charge ainimal handling fees
Second, if some housing regulation and loan requirement change in middle am I eligible to cancel my booking without subject to penalty?
Third, even I not qualify for loan now I still can place my booking n mark the project because I no need secure my current loan yet because i not signing spa in near term

Fourth , if I am investor and with this loopholes I can whack this project first and wait till until
Completion. If I don't like I just simply don't sign spa and developer have to return my booking after minus some penalty.

Pls correct me if wrong

So, that's mean you don't know the price of the property as it starts building (2 - 3 years ago), the price is only available during launching (recently), which is about 3 months before completion, right?

I think the developer is inexperience, their way of conducting 10:90 system will impose many problems to the purchasers later. This is not suppose the right way.

The right way of 10:90 system is - sign the SPA and pay 10% before the construction starts, after only completion, the buyers pay the remaining of 90%.

Sign SPA 3 months before completion looks to me is very confusing and problematic..   

There is no stupid developer la. Only got ppl with half past six misleading info. 
BTS or 10:90 more beneficial to buyer.
Disadvantage to developer. Any BTS or 10:90 will start fr big reputable and financial strong developer. So far I know See Hoy Chan done it.

Let me chip in a bit as I've been dealing with KPKT housing licensing matters.
What be&a said are correct if the project has been undercon without any launches or open for sales.
It is a standard sales mechanism use in Hong Kong Property where developer there construct the project till 85% completion before open for sales/balloting. The reason is that the HK authority only approve advertising & sales permit  for actual/exited product which based on 'as is where is' selling concept, 'you buy what you get'. No cheating.

Upon signing of SPA, loan/balance must be ready to to release to the developer in lumpsum when VP, so there's no progress payment delay occur.

As far as I know, only one developer adopt this concept when malaysia start Built then Sell method, which is See Hoy Chan, for their 9 Bukit Utama Condo & The Effingham.
Unfortunately, not many malaysia developer are cash rich enough to go with HK sales concept, so our 'Built then Sell' are a bit unique, which is exactly as what Cloud & Sam explain.

So both is correct system, just the implementation my different

Cheers!

ya lar after GST is good time to buy.. or anytime now with good deal, can really nego a lot.. investors are soft now, cant go stubborn mode..

After gst, price up but flipper holding property cannot tahan? Holding those property bought prior to gst?  Cannot tahan becoz price whn up and sell at higher price? Why flipper cant sell at price b4 gst if cannot tahan? Ur theory not logic.

My point is gst will cause price to increase and why shld bbw not buying now b4 gst. Somemore, he feel gud bout this goodview and defended it fr criticism. And its his sam sui property. Everythin is fine and superb. But my simple question is why his goal post of buyin this property need to shift to after gst? Somemore this is 10:90 scheme. No need pay interest prior ccc. And the earlier u buy, u hav the luxury to choose ur sam sui unit. Thn now suddenly gst thingy come out as the excuse to buy later after gst. Gst start 1st april 2015.By thn, after gst, price might be increased again if left balance last few unit (this normally wat developer do to last few unit if sales is good), or all sold, or no more sam sui unit? What logic is that? Cant see him judge or decide logically.