Regards to the Grace Period Profit (GPP) that i have been paying since I bought a new house (2020) which is currently under construction due to Covid-19 MCO. From the Bank platform i can see the the total Loan Amount that the bank release to the developer and thus far, that amount seems not deducting so I wonder if I'm just paying for the interest all this while? But it seems to me there isn't any other option to click on the Bank's website if were to pay more. Only can pay the GPP amount listed at the end of each month.


This post has been edited by Lon3Rang3r00: Jul 1 2022, 08:56 AM

Not fully released right? That's your interest running. It'll only deduct slowly once the full disbursement is made by the Bank to the Developer.

Yes not fully. dang~ paying two years of interest without reducing the principal.

Well, unfortunately, that's for buying an under-con project unless you can get a new one closer to completion date. Less interest but probably some units that no one wants. I'm also just paying interest lol.

Right, this is my first time buying under-con project. And didn't realize MCO will drag that long. Anyway Thanks for clearing up! Let's do our best and hope OPR can maintain for few more years... or at least slowly increase and not jump .50 basis every year.

It is expected to increase again soon. Yep. MCO dragged so its either buy first or buy units that you don't like later.

Suay mouth, now 25basic point increase... hahahaha~~ Tiam liao

Expected one.. it's been floating around for quite some time now. Hopefully there's no round 3.