Im subsale buyer , no bank wanna give loan and my SPA has been signed 2 years ago when it was blooming and now since got problem most bank decline to take it up

so called special arrangement before price hike higher. Then apply loan but bank reject found out developer having prob and no banks want to touch within a 10 feet pole. The unit now VP given d . Bank only accept if VP out for subsale therefore once VP out we start apply but then weird why HSBC decline , then CIMB also decline , ask Maybank and Citibank they said they are not taking up Empire City.

Now my only hope is Hong Leong cause really keen to buy , bought furniture to fully furnish last year den now matafaka!

When i first signed they said i was too young at 24 . Then at 25 say too young ask me apply credit card to get more credibility cause i have no single loan , or anything . Then now 26 , all good , my credit is good , etc but its shit cause of the project and i had paid my downpayment .

Dont say owner , sub buyer also fcuked.

Now sleepless night cause downpayment might be burn and not only my unit but my partner unit too meaning to say we have 2 unit in hand which might burn downpayment.

Best part ? Bought at 350 & 380 k and now owners selling 290-320k .

The feeling is indescribable. Banks also know owners making noise , one of the reason they not letting loan for EC.

all moolah talks bro

Burn deposit also RM36 k give and take approx. total approx 50-70k leh, hard earn money leh not like property flippers just buy sell samore it is my first property .

Want to withdraw also die. Bank also don't want touch . Owner make more noise , development more prob where Bank wanna give loan. I mean I still wish to get it but with all this huha, burn liow lo. Now just praying hopefully the final bank I apply approves

I know it's a noob question but I can't seem to find an answer, can get back my money if cancel my SPA meh? Cause everyone keep say burn can't get back.

No point withdraw and take another unit cause Bank don't even wanna give loan for the development. If I get a lower one like 320+ my burned downpayment 36k it's equal event same price as the unit I gotten at 350k. I got mine at 29th floor.

Yeah have to consult my lawyer on this hopefully there's some light. But wondering no subsale buyer like me one meh for this property facing difficulties getting loan ?

This post has been edited by littlezai: Oct 14 2016, 08:10 AM

I go through twice my SPA yesterday feel macam yes got way out but I'm no lawyer to judge this but everyone tell me the only way out is burn the downpayment 10% and I remember need pay penalty to the owner but I don't see the clause anywhere.

Gosh can't wait for the lawyer firm to open so I can call.

From which Bank u apply? HSBC, CIMB, Maybank, Citibank not touching this property. My only chance is Hong Leong now

Where got relax geh, decline from every Bank sample. Everyone is like friends and property agents lo. The previous 2 years survey and it was great, problem happen once they issue VP and not completed the defect job and owners have been paying from their own pocket for a year that's what making the problem arise. I can't predict how it would be in 2016.

I know ain't like buying VEge but in was a promising development back at 2014 when I looked into it.

Can share me contacts MA especially UOB & Affinbank? I already very dead end getting bank loan.

Sharp eye 😬

SPA signed 2 years ago back on 2014. I think I will see how Hong Leong feedback and also approach UOB bank . Lawyer firm haven't open damn sei Kan cheong to call them d.

Thanks ! PM-ed ady.

Got it dy. Thanks !

Great to hear that.

Still waiting for the feedback from them