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 Discount, d/p & epf, How does it works?

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kueks
post Apr 8 2018, 07:49 PM

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From: -Destiny Island- Status:Online

since there is a thread here already

would like to ask on the purchase price / bank loan

agent show me calculation whereby

purchase price - 500,000
car park - 50,000
--------------------
total purchase price - 550,000
--------------------

10% upon SPA - 55,000
8% rebate on unit only - 40,000
balance to pay - 15,000

Nett purchase price - 510,000

when i get bank loan
it will be based on 510,000 right? and not 550,000

if 550,000, then the extra 40,000 for to be paid to developer ?? as downpayment 10%

sorry bit confused xD
kueks
post Apr 8 2018, 08:50 PM

Playstation
*******
Senior Member
6,437 posts

Joined: Jan 2003
From: -Destiny Island- Status:Online

QUOTE(WhitE LighteR @ Apr 8 2018, 08:28 PM)
SPA will be based on 550,000

The 8% discount they considered it as "paid" already and u just need to cover whatever balance.

No harm to contact the agent to clarify. In any case the amount requested in the loan will be stated out in the Offer Letter
*
so basically is not a rebate, more like borrow loan to pay the 10 % downpayment

in that case

the price per sqft will be based on 550,000

cos agent used the nett purchase price to calculate the price per sqft
is like RM 560 per sqft

if calculate based on selling price, it will be RM 610 per sqft sweat.gif

or that is not the way to count? xD

 

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