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Household Alstonia Residence @ Bandar Sungai Long, Discussion

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JSLyn P
post Jul 9 2020, 11:45 AM

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QUOTE(jonathansshui @ Jul 5 2020, 02:06 PM)
BLOCK C NOW OPENED FOR BOOKING

1469sf starting price nett aft rebate 530k, booking RM200, i suppose Block C buyers are the luckiest, can choose low floor and pay less interest yet price same like A & B. Any takers? Ring below.
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My bf bought the 1,469sqft - block B on last year (September), I think RM545k after rebate.
Now he is paying progressive interest around RM 1.1-1.2k every month.
The salesman told us our progressive interest charges will be based on block C, but I am wondering, it is true? dry.gif
JSLyn P
post Jul 11 2020, 10:38 AM

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QUOTE(jg2008 @ Jul 9 2020, 06:58 PM)
I don't think so.

The progressive interest will charge based on how much money has been requested from developer

You should received a letter from developer and they will request money based on the different stages completion. Each stages of completion will request 5% or 10 % of the money from the bank then bank will charge the interest from the loaner. Example if bank had remit total 300K and you need to paid the interest from 300K. For my case, i still left 3 stages. 

Could be the salesman mean we need to keep paying the progressive interest until the block C complete built. Now block C just starting built for few floors
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Sigh, I shall check it out.
Hopefully buying this property won’t make me regret.


 

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