QUOTE(limsc07 @ Aug 31 2016, 10:41 PM)
Developer can claim money from bank and save interest on its working capital when complete this project earlier. Housebuyers like us are disadvantage in this situation bcoz the S&P price already factored in the developer's financing cost. 2ndly, our bank interest rate is mostly likely heading lower as BNM cutting interest rate in view of weakening economic condition now.
I see this 1090 scheme is not actually attractive; the S&P price is much higher compare to earlier phases.
Any opinion???
For the 3rd launch Fusca, psf is about 340 after discount.
And this Edulis psf is almost the same too. It's just that the bigger built up reflected to higher price.
So i guess your deduction of this 10 90 scheme already factored into S&P price is not correct.
I see this as more to win win situation whereby buyer get to save interest, and develop complete project earlier so that they can claim their portion earlier. Well, i might be wrong but just my honest opinion.
By the way I'm not Edulis buyer, Fusca owner here. So jelly that Edulis buyer get to save interest, I'm serving interest now, so expensive. ☹️