I'm also waiting for the home loan package. New to home loan so need sometime to study it. Any good suggestion?

I heard from Andrew that only higher level will have side-by-side parking. I've not received the floor plan yet but Andrew said my unit will be given side-by-side parking.

Agreed to you, Eugene. I prefer facing east then facing west. Even thought my fren commented that cant sleep late during offdays, but it can be solved by choosing good curtain. My current room is facing east as well. No prob. But if facing west, the heat will really turn my unit become sauna room. haa...

Unit 12 is the best selling unit.

P.S.: Welcome joining us, HJ and "Cream"!!!

This post has been edited by sk_lim_taurus: Jan 13 2009, 02:20 PM

Got confirm from them and for unit 12, from level 12 onwards will get side by side carpark.. some other unit will have side by side carpark starting from different level.. suggest respective owners and potential buyers to check with them..

Went to the office today again.. the sales person had shown me the letter from MPSJ to direct them to build the ramp as part of the criteria of the project.. The ramp will start constructing tentatively this April this year..

Looks like the sales figure is not bad considering the project is not even soft launched. Most units taken up are lower floors. Unit 12 is selling fast and high floor only leave level 13A, And that is the last Unit 12 with side by side carpark for block C... better be quick..

cheers..

eugene,

so you are canceling your bookings?. I've heard they have the 10% fixed deposit on 0% 12 months installment plan.. not sure how true about that..

Hi Arsenal

No, havent cancel yet.. just change mine from level 5 to level 13 yesterday.. additional 7k for 8 level higher and side by side car park ..

Yes.. the sales person told me the samething... deposit with credit card, 12 months installment with 0% interest ... nth to lose...

maybe I will go for that as I dont want to redraw any cash from my other investment..

cheers..

This post has been edited by eugene jk: Jan 16 2009, 02:56 PM

Dear all,


I've visited the Developer last week. Quite an interesting piece of development i'll say.

Too bad i didnt have enough time to look further, but with the LRT station to be completed in the future it looks very promising for rental investment.

Currently we can finance this project on add-hoc basis.

I'm keeping my eye on this project for future reference, since puchong is growing at a rather fast pace lately...


Regards,

Merce Chua
Mortgage Sales Executive
OCBC Bank (M) Bhd
019 - 913 1127
ChuaCChie@OCBC.com
----------------------------
Personal loan service is also now available from me!

I've heard that the electricity and water supply charging rate is the same for residential and commercial title. Can anyone verify it?

nonono

But my fren who stay in service aprtm told me that her electricity bill is 21.8 cent wor. Her service aprtm is also build on commercial land.

water bill is diff.. it's being managed by Trinity.. so, we will not be sure how much they will be charging..

for electricity, it's going to be commercial.. but some say it's actually residential rate.. so how's yr bank loan research goin?

Electricity rate is convertable.. you can check with other service apartment like Tiaraville, E-Tiara..

I heard than Trinity sister project - Heron Condo is also charging on residential rate.. not sure but can check on it..

Other project like Viva jalan Ipoh also convert the utilities rate to residential rate..

Assessment and Quit rent is a bit hard to convert.. but i think it will not be very high..

Hi Everyone,

I have been scouting for good rate for the loan.
Just found out that there is this insurance called MRTA. It is an insurance to settle the outstanding amount in the even of death or disabilities. The premium rate is depended upon how many years you choose to opt for. It can be 30 years depending on the tenure of the loan.

Currently Public Bank has tied up with ING to offer the MRTA to its customer. I am actually asking around about the premium calculation. The premium can be added to the loan amount depending on the customer whether he would want to settle upfront.

Sounds affordable property. Any nice agent to recommend? Would like to view and consider for this property.

Just walk in and ask, the sales agents there are quite approachable.



Regards,

Merce Chua
Mortgage Sales Executive
OCBC Bank (M) Bhd
019 - 913 1127
ChuaCChie@OCBC.com
----------------------------
Call me for the FREE items!!
FREE OCBC Mortgage Loan consultancy.
FREE OCBC Personal Loan consultancy.

You can look for Andrew Tan (012-7229045). He is nice and good service.

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Added on January 20, 2009, 9:04 amI don't take MRTA but other insurance which can cover for the home loan. You can call it MITA or MLTA. If added MRTA in to homeloan, it will be expensive cos is charged for interests.

What loan that you have found? mind to share with us?

This post has been edited by sk_lim_taurus: Jan 20 2009, 09:06 AM

I remember one forummer suggest don't put your MRTA under loan amount, so that the MRTA amount will avoid the compounded interest. Not sure though.

Pay your MRTA up front so that you will not charge by interest.. some bank will suggest you to put it in together with home loan so that the bank can earn more interest on it.

MRTA is a protection for bank IMHO..

You can have separate Insurance policy (investment link or term) with the sum assured identical with your loan amount and prove it to the bank that your policy is meant for your housing loan.. But not all bank will buy the idea..

MRTA/MLTA is the protection for the loan taker/s (and their family), to secure the property over the loan should any happen to them.


If you have the money to purchase MRTA, you may wish to do so to avoid compound interest in the loan.

However, its always advisable to have MRTA for your own property under loan. Where as MLTA is actually customized to favour investors.


Regards,

Merce Chua
Mortgage Sales Executive
OCBC Bank (M) Bhd
019 - 913 1127
ChuaCChie@OCBC.com
----------------------------
Call me for the FREE items!!
FREE OCBC Mortgage Loan consultancy.
FREE OCBC Personal Loan consultancy.

emm.. Ppl suggest me to take fully flexi loan rather than fix or semi flexi loan. Is it the best package nowadays? If fully flexi is good, then who will consider the fix loan?

Anyone can comment on this?

if the loan is a flexi one then putting the mrta into the loan is better as the effect is the same. for conventional loans then yes the interest will increase...

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Added on January 21, 2009, 2:56 pmfull flex better if u got lots of spare cash....
fix loan sometimes got slightly lower rates compared to flex, flex also got 200rm set up fee and 10rm monthly fee

This post has been edited by mouldybread: Jan 21 2009, 02:56 PM

Is the monthly fee of RM 10 applied to every bank? RM 10 x 12 mths x 30 yrs = RM 3600.

So is there any limit on the monthly total amount that we credit to the account? If we credit more to the account to offset the interest sure will shorten the period of loan, right? Will there be any penalty?

This post has been edited by sk_lim_taurus: Jan 21 2009, 03:18 PM