How is the 10:90 loan work?

Pay 10% downpayment, then sign an "agreement" to secure loan? then wait 36mths project complete. Then the "agreement" will turn into loan?

They just want to show to public that the project is demandable even staff and director also buy.....
But how many staff can buy 900k house?

tok cok only lah.....mainly sapued by top management, directors, directors yie mah kou cheh, their contractors and directors buddies nia....

most of their launches....including setia ecopark...whenever there are launches....sure some units reserved de....never I came across a clean sheet of booking chart...even you saw it before it was officially launched.

depends...

some developers would like a letter from the bank to cite that you are qualified for loan before you signed SPA.

but this time around, no u dun need to apply loan now...just pay 10% and wait til completion. of course you as buyer can apply loan anytime.

if you decided to pull out...you lose your 10%.....

as SPA is standard....I believe you only signed SPA upon house is completed bcos under the standard SpA, if you are unable to complete the purchase, the fine is much lesser than 10%.

This is my understanding.

the project sold out?

Cow can fly?

nope

its not becos of sp setia or any developer for that matter but more of the location. remember all this stupid practice will have effect on future generation. who doesn't know hanky panky tactics but in life money is not everything. look at sp setia today and before. their ads quality tells a big story.


QUOTE(qintian @ May 15 2016, 08:47 AM)

if the developer announce it to public before the official launching then nobody will queue to get an unit, the "purchase" wave will not be created.
err, sorry I don't quite agree with this as ppl will still buy if they like. the rush will still be there as demand is there.

How many % left?

Thats is called "creating a demand." Usual tactics by developers and real estate agents.

limited supply.

then say it's "hot" project

They will get their own people ie, business associates, relatives, friends, suppliers, contractors etc to book the units. You just need to pay a minimal booking fee to secure a unit and create a false demand on the properties. When prospective buyers ask if there are any available units, the sales agent will tell you that its fully booked but there are some of their 'customers' who are willing to let go of their units at a different 'price'. Been there, done that.

If they have staff and internal associate take all the house why launch to public....
Pointless...

it's unethical to do that

Hmm 176 units.. true also

This post has been edited by mthc: May 15 2016, 04:16 PM

Btw every project also got internal booking lah..... if don't have then what's the point consultants and business associates work for developer wor??

Get used to it.

Is normal and common as just the staff purely no talent experience to handle and explain to public...
Those talent is outdated

Its not internal booking, its called creating false demand to make profits / collecting undertable money which is not healthy. In order words, scalping.

Only 'connected' people gets this chance to pocket a 'little' bit of profit out of this.

This post has been edited by TOMEI-R: May 15 2016, 04:57 PM

it's too much.

bad for those really interested but cannot get any units because of these people