Hi,

I'm looking for car park rental in Bukit OUG.

Any contact?

Latest update from my friend, any wrong info dun tikam me oh...tikam my friend ...  

1) Still old team, Adrian still president.

2) Repaint building......still in discussion, major of residents(who attend the AGM) not agree to pay half of the cost, they are suggested the sponsor bear all the cost....

3) The applying strata title can start anytime, all documents ready to submit. However, the liquidator need to charges extra RM900/each unit for lawyer fee and spoke that it can be done in 6 months time. Major of resident not agree on the fee, JMB will find another lawyer (cheap) to execute.

4) Sinking fund still in discussion, final figure will in 3-5sen/psf, i heard will go for 5sen/psf. (Aiyoh, this is definitely i not agree, normal the sinking fund oni 10% of the maintenance fee, why so high?)

Exsim Group.....The Treez developer

because i got ONE unit there mah. 791sf and not facing LRT track haha. last i check again with iproperty is 190k liao and still rising. those below all bluff ppl one. hehehe

haha, that's y lo... how la to buy like thisz z

Hi Yeeck, wht seems to be the problem? Which lawyer firm did u use? Mind pm me your issue?

Thx

Today I check with an agent on how is the s&p going on for this condo, according to her is u need to wait for at least 9 months before you can actually get the unit transfer to u and starting renting, is tat true all dai kHor and dai jie here? Btw, I m looking for a unit for imvestment purpose.

I can't see and difficulty to get this all documents. This is normal documents requested when S & P.

1) You can ask the lawyer to write in to seller banker to request a copy or ask seller to get a copy to you
2) Jz get a copy from seller
3-5) You can ask seller go to Management to get a copy and pass to you

What r i feel that difficult part is get the consent from liquidator, this liquidator really "nan gao". If you can gao dim the liquidator, 3+1 month finish the transaction is possible.

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Added on June 14, 2012, 10:53 am

Buy the unit which is verified by liquidator. The process will be less than 6 months.

Oh...welcome to B.OUG big family.   Own stay or investment?

Hmmmm are you sure its because of no strata title, thus no loan?
Not sure about OCBC, but various other banks offer loans for OUG.
Question is what's the valuation?

I have no shares in CIMB, but they are pretty aggresive.
Gives good valuation and will go for OUG.

Just make sure you qualify for applied amount after Bank Negara net income qualification.
That they do observe pretty strictly.

Good luck.

Sam

I thought the posters say PBB valuation is low and Cimb is more aggressive ? Anyone has true and real life experience ?

Have you signed the Letter of Offer from PBB?
If so, I think they have to honour it.

While there is a term in the letter that says the bank reserves the right to pull the facility, I would think only if it is within reason.
I would find out more from the bank itself, and if confirmed, get them to reply formally.

No choice.
Work with the lawyer for a discounted fees and solve the loan first. Remember that the vendor has the right to cancel everything not completed within stipulated time.
Once everything is ok, file with Bank Negara or Financial Mediation Bureau. Make sure you have all the documentation to back your claim up since you are the claimant.

I did that once (some other disputes) and the bank (not PBB) paid me back like RM800

Sam

aiyo if u got cash to pay everything, do it.

later shop around for a better loan deal. got cash, no problem ler.

I though block 10 and 11 only consist of 1465sf and 775sf??

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Added on June 17, 2012, 8:25 am

Banks' valuation now between 300-320k. Most prices you see in iprop, homeguru exceed bank valuations.

If I not mistaken, PBB(conservatively) gave 280k-300k valuation only.

But in Subsale, asking price normally exceed valuation. Hopefully this info can help you decide your selling price.

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Added on June 17, 2012, 8:33 am

I suppose once they have offered you the loan and you have signed it then the bank is obliged to honor it.

The bank should hv known that bukit oug is still without strata title before offering you the loan.

No worry there must always be a solution. 

OCBC will not finance property more than 15 years and still haven't get title. It is better to go to local bank for property >15 years without title or leasehold remaining <40 years as their rules is not that strict.

if you got the cash, better pay it first and then refinance out 90%. better than kena those "fees" as you've already signed SNP.

Let me know if you need help on CIMB or Alliance or PBB banker. i am from non of it but i do have friends doing it.

It means something, but they can still call it off ... subject to T&C