Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Let's Talk Properties. The Q&As, What would you like to know?

views
     
nihility
post Mar 2 2022, 03:40 PM

Regular
******
Senior Member
1,595 posts

Joined: Sep 2021


QUOTE(cawan @ Mar 2 2022, 03:21 PM)
helo, want to ask regard housing loan progress payment schedules.

from start sign in spa, loan approval, how long will i be start charge for this kind of payment?

is it correct that buyer with late spa sign, house near complete, no progress payment charge? full payment on key handover?
*
If follow HDA Schedule G & H, the following should be the phases

1) Upon signing the SPA = 10%
2) During Construction = 65%
3) Upon Vacant Possession = 25%

For the item 2), the 65% progress will be breakdown into further details as per stated in the Schedule G or H, depending on the template use by the developer in the SPA document. Upon the certificate of the Architect, the bank will release the payment accordingly. The construction period will normally takes 18 months to 36 months depending on the nature of the property you are buying. If dwelling unit, it will be within 18-24 months. If high rise, it would be within 24~36 months.

user posted image

This post has been edited by nihility: Mar 4 2022, 01:44 PM
nihility
post Mar 9 2022, 06:57 AM

Regular
******
Senior Member
1,595 posts

Joined: Sep 2021


QUOTE(WoodStock @ Mar 9 2022, 12:15 AM)
I have an apartment which still on master title. I received letter from the developer to do MOT last year, it cost about RM10k...
To my luck, I manage to sell the apartment. In this case, do I still need to do the MOT (RM10k)?? Could the property transfer MOT directly done with the new owner please?
Hope sifu here can advise please
*
I think no, you just leave the Strata Title perfection to the new owner. The new owner can apply it on his/her own. Do take note that disposal of the unit with master title takes longer time as there are more parties involved to get the concern of disposal.

 

Change to:
| Lo-Fi Version
0.0276sec    0.67    7 queries    GZIP Disabled
Time is now: 30th November 2025 - 09:51 PM