Plan to sign loan agreement and SPA together same day, anything need to be alert?

nothing, if you're buying residential.

just need to know how much to pay to developer / lawyer for the fees.

Agent said the SPA and legal fee will be borne by developer. Other than this , anything else?

Read this... from the The Star...

http://www.starproperty.my/index.php/artic...ty-in-malaysia/

nothing much really.

for residential property most of the things are pretty standard "Law-wise"

The SPA and loan agreement must with date?

Developer OK or under "sick project developer" listing?

How to check?

Senarai Pemaju Sakit

Thanks

No worries!

no. after developer & bank sign then only lawyer will date it.

so just sign, dont put date on anything.

If let say I notice the term not as agreed before, can I refuse to sign /get them amend?

What kind of term?

Hi TS, may i know what kind of term?

Hi gurus, just asking, recently i signed S&P for a subsale apartment. Size & address are stated corectly in the agreement but i think i saw no plan nor section diagram/drawing. Am I in trouble? Tq.

Apologise, it's not the term..
It's the SPA does not indicate it's residential property,
but the lawyer convince me this is residential property.

if your SPA front page stated "Schedule H" then it's residential property.

There is no requirement under the law to expressly spell out in the SPA that the developer is building a residential property.

the actual word you should look out for is "HOUSING DEVELOPMENT" or "HOUSING ACCOMMODATION"

generally no plans/section diagram drawing will be inserted in subsale SPAs.

If it's a property under master title, what the subsale SPA basically say that they 'assign the rights in the principal SPA to you' - meaning that the diagrams in the principal SPA (between the developer and the first buyer) are also yours.

^^ Thank you boss han!