Hi all,

I have something to ask. I have signed the LO (from Maybank) and got my unit secured/locked in tower A. After further discussion and consideration, i would like to back out from the offer.
I have not signed for SPA yet. So i asked one of the developer agent (name Sam), that i wanted to pull out from the offer. She asked me that i would get a penalty for cancelling the agreement, need to pay RM2000 and will have a bad record in the future.
I wanted to call my banker to get her confirmation personally but she said i don't need to do that and only deal with her. This got me SUSPICIOUS as per LO, it does not stated that one have to pay penalty if pull out from the agreement during the period.

Anyone have any idea/opinion/experience on this?

Thanks!

I had a call with my banker and she said i would not get any kind of penalty (according to LO as well). It is only the record of me might look "bad" in the future considering i am getting a rumahwip with a 100% loan + MRTT.
So later in the future, maybe if i want to apply another housing loan with MBB, they will check and consider me before approving for a 100% loan.

Tbh, i am still considering a lot since our current inflation is getting worse and i am worried if i could not proceed with the commitment in the future since this is my first house

Yea i checked my LO and no such term written to me. I am not sure why i have slightly different term from you. Don't get me wrong, i like the property a lot and I can afford it but with the full loan, i really appreciate it.

I apologize i am not trying to get under everyone skin. I was asking if declining the offer is doable before signing SPA and if there is any possible penalty that i could get charged.

Besides, I was thinking to have this property as an investment but as this is a pretty dense high rise and a lot other high rises nearby, a lot of competition around the area. From the research i did, the monthly rental for a unit within this area is around RM1200-1800 depending on the size and furnishes. Of course i could just stay here for few years after completion since this is my first home.

Appreciate if anyone has any insight/opinion of renting out this property?

Quick question, 0.20 per sqft mean (0.20 x 900 = RM180) including sinking funds?

All the facilities cost only less than 200 yes? Correct me if i'm wrong