QUOTE(~Curious~ @ Nov 14 2014, 10:20 AM)
whatr is "vacant possession rebate"? and "disbursement"?
i calc that my
-"SPA Legal Fees" is RM~3k
-"SPA Stamp Duty:" is RM ~7k
does that mean I have to pay RM ~7k + 10% downpayment?
If I am not mistaken, it should be like this..
Let say the unit is 400K. 10% is 40K. The developer will give 7% rebate (of 400K, which is 28K). And you pay 5K for booking. So, 40K (10%) - 28K (7% rebate) - 5K (Booking) = 7K (you need to pay when signing SPA).
If you sign SPA within 21 days, you will get a 2% rebate, which in this example, is 8K (a cheque issued to buyer).
Upon vacant possession (not sure whether it is vacant possession or start piling), you will get another 2% rebate, which is another 8K in this example (a cheque will be issued to buyer).
This is what I heard from SA.
SPA Legal borne by Developer. SPA stamp duty (or more precisely MOT) is bear by buyer. Loan legal agreement and loan stamp duty will be bear by buyer too. I am not sure what is the panel bank for Liberty Tower.
As for i-Suite, you need to pay 5K for booking and another 4K upon signing SPA. The remainder of the 10% will be rebate by developer. For example, if the unit is 400K, you just need to pay 5K (booking) + 4K (upon signing SPA). The remainder 31K (remainder of the initial 10%) will be rebate by Developer. The SPA legal will be borne by Developer. SPA stamp duty, loan legal fee & loan stamp duty will be bear by buyer. Upon vacant possession, 2% will be rebate to buyer (in this example is 8k).
If you applied loan through the panel bank, Al-Rajhi Bank, there is an option called Zero-Entry-Cost (ZEC), which you can apply for. If approved, the bank will absorb the loan legal fee and loan stamp duty fee.