Just checked, no need to pay single cent for documebtation fee, as long as loan is from the panel banks

Although MPKJ is ultimately responsible for maintaining the public parks & landscape, rest assure that SPS shall 'chip in' to ensure everything is done nicely when they r still developing the township. However, when the whole township is fully developed, we shall see how good is MPKJ by then.

So many countries including M'sia jumping on the bandwagon to reduce interest rates. Let's continue BBB mode.

Lol let's buy buta-buta!

do enlighten me what are the good about this to the buyer?

The base rate should be adjusted lower as well - so, will this be sth good?

meaning the housing loan we apply will be lower in interest?

Malaysia’s central bank unexpectedly lowered its benchmark overnight policy rate by 25bps to 3 percent on July 13th 2016, bringing borrowing cost to a 2-year low. Policymakers said that uncertainties in the global environment could weigh on Malaysia’s growth prospects and lowered inflation forecasts for 2016. The ceiling and floor rates of the corridor for the overnight policy rate were also cut to 3.25 percent and 2.75 percent respectively.

The setting of base rate is driven by the respective banks policy and it is the respective banks discretion to decide on the adjustment but it shall follow their policy. Given that the OPR is the key benchmark rate, the benchmark cost of fund used by the banks in the base rate formulation is very likely would be affected as well. So, in brief the base rate shall be reduced accordingly though it may not be immediate.

thanks for the light.

Currently, i m pending to sign the loan agreement by the bank. Should i ask the banker to appeal the new rate?

Eh, how come? Normally SPs shall give a document about the booking, dictating the "terms and conditions" of the booking, you don't have this?

Me too. Only one piece of paper. Ntg much is written on it.
No t&c

Last time when I bought Grandlis also like that. SA only gave a copy of signed booking form with copy of 20k cheque and a list of panel bankers & solicitors. Signing of LO was done during SPA signing.

No worry, most likely after you sign the SPA, they will give you on that day..


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Maybe this is 1st time completely under new management...

SOP maybe changed a bit. I have no complaint as long as everything is done orderly.

Agree!

True!!!

Any recent progress or updates guys?

This post has been edited by Devan83: Jul 18 2016, 12:48 PM