Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

> Signing S&P agreement and HOC program

views
     
TStakumitan89
post Mar 18 2019, 12:10 PM, updated 5y ago

Getting Started
**
Junior Member
260 posts

Joined: May 2008
Hi all,

as per topic, i found out a lot of Info about HOC program in this forum, and i need some enquiry, im a first home buyer and plan to sign my S&P this coming weekend, but before this, i had found out that HOC program which under our gov for the first home buyer that can waive the stamp duty and MOT for first time home buyer had a lot of issue.

My question is :
i.) i found out that under the HOC campaign, S&P must state that the price which is after 10% discount, but my developer say S&P will be on actual price. So my question is, whether can i reject and not to sign the S&P if they not changing my S&P price which is after discount?

ii.)i had call the REHDA which is the agent that launch this program and confirm that the S&P must be 10% after discount, so can i ask the developer to clarify this? as i feel my agent wan to do my sales and he doesnt seems wan to help me to clarify for this.


iii.) as now, no developer had participate this program yet, those that join the MAPEX program which held at KLCC last few week also not really register this campaign yet this is wat the REDHA staff told me. what shall i do for seek for more info about this HOC program ya ??

Small update from me:

The project that i buy finally in register under HOC program already.
And Certificate had out from Rehda to developer, but till now, i still waiting for refund for My loan stamp duty.


thanks for those who can answer me this.

This post has been edited by takumitan89: Sep 4 2019, 01:51 PM
pcl_1111
post Mar 19 2019, 12:13 AM

New Member
*
Newbie
21 posts

Joined: Feb 2017
Hi,

Same here. If the SPA were to be reflected as after 10% discount in the agreement, would it affect your loan amount? Like your approved loan amount will be reduced by another 10%?

Example, your original spa price is 800k. Say your loan originally approved is 720k. If the spa price is being slashed to 720k, will it affect your approved loan amount like being reduced to 648k?
beebo101
post Mar 26 2019, 11:42 AM

Getting Started
**
Junior Member
77 posts

Joined: Aug 2014
QUOTE(takumitan89 @ Mar 18 2019, 12:10 PM)
Hi all,

as per topic, i found out a lot of Info about HOC program in this forum, and i need some enquiry, im a first home buyer and  plan to sign my S&P this coming weekend, but before this, i had found out that HOC program which under our gov for the first home buyer that can waive the stamp duty and MOT for first time home buyer had a lot of issue.

My question is  :
i.) i found out that under the HOC campaign, S&P must state that the price which is after 10% discount, but my developer say S&P will be on actual price. So my question is, whether can i reject and not to sign the S&P if they not changing my S&P price which is after discount?

ii.)i had call the REHDA which is the agent that launch this program and confirm that the S&P must be 10% after discount, so can i ask the developer to clarify this? as i feel my agent wan to do my sales and he doesnt seems wan to help me to clarify for this.
iii.) as now, no developer had participate this program yet, those that join the MAPEX program which held at KLCC last few week also not really register this campaign yet this is wat the REDHA staff told me. what shall i do for seek for more info about this HOC program ya ??
thanks for those who can answer me this.
*
Hi, I have similar situation here . Just curious hav u sign the SnP ? with actual price or after rebate ? 😊😊
pcl_1111
post Mar 26 2019, 05:05 PM

New Member
*
Newbie
21 posts

Joined: Feb 2017
Hi the law has been gazetted. Can see in mapex.com.my

My spa shows actual amount. Don't know how the process will go.
TStakumitan89
post Mar 26 2019, 05:07 PM

Getting Started
**
Junior Member
260 posts

Joined: May 2008
QUOTE(beebo101 @ Mar 26 2019, 11:42 AM)
Hi, I have similar situation here . Just curious hav u sign the SnP ? with actual price or after rebate ? 😊😊
*
my spa also show the actual price too. but the lawyer tell me that they actuall had lower down the price before the sales which i doubt it too. now just waiting for the application open for my developer to register.
beebo101
post Mar 26 2019, 06:23 PM

Getting Started
**
Junior Member
77 posts

Joined: Aug 2014
QUOTE(takumitan89 @ Mar 26 2019, 05:07 PM)
my spa also show the actual price too. but the lawyer tell me that they actuall had lower down the price before the sales which i doubt it too. now just waiting for the application open for my developer to register.
*
My lawyer told me the same thing (but she said she guess only) . the developer could have already lowered down the price (> 10%) and become my spa price .
pcl_1111
post Mar 26 2019, 07:12 PM

New Member
*
Newbie
21 posts

Joined: Feb 2017
If the developer initially give you ten percent of rebate so that no dp needed and they change the spa price to show a discounted price, I think our loan amount will be proportionate down too. In this scenario, we might need to fork out 10% dp based on discounted price.

Let me know your view.
pcl_1111
post Mar 26 2019, 07:38 PM

New Member
*
Newbie
21 posts

Joined: Feb 2017
QUOTE(beebo101 @ Mar 26 2019, 06:23 PM)
My lawyer told me the same thing (but she said she guess only) . the developer could have already lowered down the price (> 10%) and become my spa price .
*
Have you signed it?

beebo101
post Mar 26 2019, 09:47 PM

Getting Started
**
Junior Member
77 posts

Joined: Aug 2014
QUOTE(pcl_1111 @ Mar 26 2019, 07:38 PM)
Have you signed it?
*
Yes, already signed but not yet stamp.
beebo101
post Mar 26 2019, 09:58 PM

Getting Started
**
Junior Member
77 posts

Joined: Aug 2014
QUOTE(pcl_1111 @ Mar 26 2019, 07:12 PM)
If the developer initially give you ten percent of rebate so that no dp needed and they change the spa price to show a discounted price, I think our loan amount will be proportionate down too. In this scenario, we might need to fork out 10% dp based on discounted price.

Let me know your view.
*
Yes, in the case u described I think loan amount ll be proportionate down too. But in my case ,my lawyer told me , the price stated in SnP, ie price stated in the price chat, eg 800k ( after rebate 10% wld be 800k-10%) could be the price after discounted (before discount is 888k) .
TStakumitan89
post Mar 27 2019, 10:11 AM

Getting Started
**
Junior Member
260 posts

Joined: May 2008
QUOTE(pcl_1111 @ Mar 26 2019, 07:12 PM)
If the developer initially give you ten percent of rebate so that no dp needed and they change the spa price to show a discounted price, I think our loan amount will be proportionate down too. In this scenario, we might need to fork out 10% dp based on discounted price.

Let me know your view.
*
this is what my developer told me. if need to show in S&P after discount price, need to fork out another 10% downpayment. so that why i didnt ask so much already.
pcl_1111
post Apr 3 2019, 12:12 AM

New Member
*
Newbie
21 posts

Joined: Feb 2017
Let's share here if you have received any update from your lawyer or agent on this hoc
TStakumitan89
post Apr 3 2019, 03:01 PM

Getting Started
**
Junior Member
260 posts

Joined: May 2008
QUOTE(pcl_1111 @ Apr 3 2019, 12:12 AM)
Let's share here if you have received any update from your lawyer or agent on this hoc
*
hmm.. i still waiting though. now REDHA just open the application online. hopefully my developer will help me to proceed my application. T___T
pcl_1111
post Apr 10 2019, 06:11 PM

New Member
*
Newbie
21 posts

Joined: Feb 2017
Hi I was told by developer that the refund of loan stamp duty will take 3 to 4 months.
TStakumitan89
post Apr 11 2019, 10:22 AM

Getting Started
**
Junior Member
260 posts

Joined: May 2008
QUOTE(pcl_1111 @ Apr 10 2019, 06:11 PM)
Hi I was told by developer that the refund of loan stamp duty will take 3 to 4 months.
*
as usual this kind of refund will take 3 to 4 month. but it still is our money,since now we need to paid the loan stamp duty to the lawyer.
shujiro89
post May 21 2019, 12:01 PM

New Member
*
Junior Member
24 posts

Joined: Feb 2013
Hi All,

One question , lets say once i signed the SNP & stamped. Does the developer give you any status update on HOC application later? The government body should provide a "black & white" copy stating status of HOC application right?
TStakumitan89
post May 22 2019, 11:25 PM

Getting Started
**
Junior Member
260 posts

Joined: May 2008
QUOTE(shujiro89 @ May 21 2019, 12:01 PM)
Hi All,

One question , lets say once i signed the SNP & stamped. Does the developer give you any status update on HOC application later? The government body should provide a "black & white" copy stating status of HOC application right?
*
Check at official hoc website and see whether your projext had succeeded register in hoc program or not. Once have than your lawyer will let you know the procedure already.
hanhanhan
post May 23 2019, 01:25 AM

(͡ ͡° ͜ つ ͡͡°)
******
Senior Member
1,142 posts

Joined: Oct 2006
From: Kuala Lumpur


QUOTE(takumitan89 @ May 22 2019, 11:25 PM)
Check at official hoc website and see whether your projext had succeeded register in hoc program or not. Once have than your lawyer will let you know the procedure already.
*
developer.

not lawyer.
TStakumitan89
post May 23 2019, 11:57 AM

Getting Started
**
Junior Member
260 posts

Joined: May 2008
QUOTE(hanhanhan @ May 23 2019, 01:25 AM)
developer.

not lawyer.
*
thansk for correction..

 

Change to:
| Lo-Fi Version
0.0202sec    0.30    6 queries    GZIP Disabled
Time is now: 29th March 2024 - 12:31 AM