@cl
Definitely. 300 to 500k consider LMC.

any more unit available ? what is the price now ? ?/ft

Anyone sign SnP already, please share the feedback?

@PV
You can call to GSD land office for status. Should be unit available.

6460 932

@cl, i called and no more units already

@PV
wow so laku… you may leave your detail if anyone drop, they may inform you.

Look like no pp is dropping their units..

Just rang up the banker and informed that there is no use even get the approver from bank, cause it is seem like there are still some conflicts in between the developer and banker that still need to settle, perhaps, you may call up for your own banker and clarify.

Just signing s&p Agreement, quite standard.
Sierre Residences 100% Sold out.
Phase 2 Garden Ville open for register, RM400 per sf (small unit 1000sf)
will launching end of the year. (early bird have discount)
u can go to GSD office find out more detail.
any update on site?

@upsetguy

i take public bank, i already signing the letter offer.
will sign loan agreement in next week friday.
Thanks.

@Mr Tan
Thanks Mr Tan for the info, me too get public bank loan and already sign offer letter. Will proceed for SnP… Seems like you okay with the SnP then should be okay then, Thanks!!

@Mr Tan
Do you sign SnP only or there is two agreement SnP and supplemental agreement???

ah beng :
@Mr Tan
Thanks Mr Tan for the info, me too get public bank loan and already sign offer letter. Will proceed for SnP… Seems like you okay with the SnP then should be okay then, Thanks!!

ah beng, people said ok then u think it is ok and just follow. Don’t you know it is very unsafe out there? even words from Datuk or Tan Sri also cannot be trusted 100%….

since so many ppls take public bank, i decided to take public bank as well.

already got the named for you to called ah beng, very naive

@ah lian
Haha, thanks for the advice… I will be aware, ah lian you also buyer? you sign SnP already… You so safe geh person, if you say ok then should be ok too LOL…

@ah beng
have two agreement.

May i know when is the due date of SNP signing? Is it on 15th June?

16th of June Saturday

oh, somemore set due date for snp signing, probably developer need cash and scare of more buyers chicken-out… do they set due date for SnP stamping not? if not wait long long lor, the developer have so many projects and none completed…look how is the TGT progress lah after so long.. u all just dump in more interest-free cash flow to the developer nia but without their commitment on completion date…hai…

They asked me to write in email to inform them about the SNP sign date when I failed to sign it within the period since I’m out of town.

paise… not email .. is letter

Novice :They asked me to write in email to inform them about the SNP sign date when I failed to sign it within the period since I’m out of town.

Then you also write in to request black-and-white on the SnP stamping date lor…don’t let developer use your hard earned money as interest-free capital to turn around other projects but keep delay yours. fair wat…all buyers should do the same to protest own interest…

Crystal Ball: Once they dropped you, they can sell it at higher price. Also, they drop you because they prefer to sell the unit to ppl really got 10% deposit and bank loan rather to wait for your decision.

i notice the sign board up for low cost apartment – 39 tingkat… the location is a bit deep inside away from siara 81. u will no able to notice from main entrance unless u walk deep into project area.

@Crystal Ball
TGT with good progress what? What’s wrong? Their progress is really fast, but later will see their construction material use….I think cheap material will be used. Else, how to pay for the bank interest?

@desaria
What is the LMC name? Can apply already? I am looking for a unit of LMC, at that area not bad what…

@Paranormal
under TETUAN SIERRA RESIDENCES (M) SDN. u might need check with gsd office

@WTH
@Ah Dog
Since developer set dateline for buyers to sign SnP, What’s wrong to ask for black & white on the stamping date of SnP? fair wat… if not, why need to sign so hurry? take 10% already of course start count down to completion lah. Let them use as interest-free cash but do nothing meh… If developer cannot commit black & white on stamping date then you know what is their intention to collect more cash from you lah…Other than TGT, GSD also need to turn-around Primo Height & Primo Summer.

Pls lar Crystal ball , bank will only release the 1st payment after the piling job started. If developer do nothing, they won’t get money, what interest you need to pay? Bank hv the right to cancel the agreement if no progress of this project. Developer will only hold ur 10% deposit if they do nothing. The risk is there, also a reason upon project completed, condo always sell at the premium price to the people like you.

come on lah, WTH,
“Developer will only hold ur 10% deposit if they do nothing”, only reach ppl can said like that, please bear in mind, you won’t get anything if the developer still hold ur 10% instead of put it in a bank for few years.

But for sure, any investment will come with a risk, I don’t think that you won’t bet with your 10% show hand at casino, right?

How about if the project abondon after car park built? The bank already released the total $$ from 1 of ur agreement, what can you do with the car parks?

@WTH

100% Agree

@WTH
Don’t confuse people, I said ask for black & white from developer on the SnP stamping date before you pay the 10% downpayment. Why so reluctant to response in black&white since developer has set due date to sign SnP? Of course buyers also have right to ask for due date for stamping lah. If not money sit in developer’s pocket for what? Sound fishy lah if developer dare not response in black & white. I heard that last time the C.E.O took 5years to complete but buyers not getting a single cent for the long delay just because SnP been onhold for stamping. Go & verify for yourself.

Crystal Ball :
@WTH
Don’t confuse people, I said ask for black & white from developer on the SnP stamping date before you pay the 10% downpayment. Why so reluctant to response in black&white since developer has set due date to sign SnP? Of course buyers also have right to ask for due date for stamping lah. If not money sit in developer’s pocket for what? Sound fishy lah if developer dare not response in black & white. I heard that last time the C.E.O took 5years to complete but buyers not getting a single cent for the long delay just because SnP been onhold for stamping. Go & verify for yourself.

why you bother so much?

He is a sale person for another failing project in this area, somewhere next door to airport, which apparently not laku. We still can see advertisement of this project on sale through megx realxy, yesterday on Kwong Wah, so long after launching.His intention is to badmouth everything in the market, with a little hope that potential customer will u-turn and relook at his project. Slim hope though !

Aiks, constructive discussion please. If the developer really hold the SnP and no stamp for 1 year… I hope we buyer can unite and make complaint, please don’t kill each others among buyer. Now talk is too early, let the time proof everything. This developer really is good in calculation, the agreement is totally disadvantage to buyer. I hope all buyer can unite together so we can voice out if anything happen.

I just highlight some precaution step for buyers’ reference, typical trick lah for SnP, like that also been chased away… SR buyers pandai-pandai judge for yourself lah…

If you cannot take the risk just go away from the game……..

@ah beng
too late if we sign the SnP first, have to ask for black & white on stamping date before signing & make payment.. what can we do if they keep delay after getting money? at least got black & white lah..

@ah lian
If they don’t want to provide, what can we do? Don’t buy from them? Others ppl are still lining up to buy right. Conclusion no solution right.

@ah beng
if don’t want to provide stamping date mean may be they are not sincere, just want to collect 10% downpayment. Developer like this i scare lor. we buyers also can unite and say no mah. All withdraw see they can tahan not. worse case boycott all future project like Garden Ville.

@ Ah Lian,

Talk easy only. Propose that you drop first. See other will follow or not.

@Ok Liau
I am thinking of setting up facebook page to unite all. Do you think ok or anyone can help?

Finally i decided to take RHB as my housing loan banker…anyone who signed SnP asking for stamping date?

Hv RHB approved with waiver of the RM50 for each withdrawn? If not, ask for it before you sign. i got the offer but i still prefer public for my own convenience.

WTH :Hv RHB approved with waiver of the RM50 for each withdrawn? If not, ask for it before you sign. i got the offer but i still prefer public for my own convenience.

Yes. Need to pay for RM 50 for each withdrawn…however,
it is same for Public bank as well…

@Alex

Have you sign the SnP already? please share anyone have been signed.

Anyone have sign snp? Can share the supplementary agreement (car park + upgrading) content?

Government allow they to separate it from snp?
http://www.nst.com.my/red/contracting-out-of-standard-s-p-is-allowed-under-special-circumstances-1.82482

karen :@Alex
Have you sign the SnP already? please share anyone have been signed.

Not yet, I will sign by next week.

@benji
Government don’t allowed, they do that because want escape from been tax. They do the same with Golden Triangle. But the weird thing is bank can approve the loan 90%.

Type A covered the bank loan stamp duty or not? Just to double confirm

@WTH
Yeap, cover all… No need pay single sen…

lets discuss about the bank package, so we can have the clear comparison.
1.Which bank offer you the package?
2.What package their offering you?
3.Disadvantage of this bank package?
4.Advantage of this bank package?
5.Others

1. RHB Bank
2. 1st year BLR-2.5,2nd and 3rd BLR-2.45,afterwards BLR-2.4
3. There is one condition in their letter offer, they fixed the minimum interest must be at least 4.2% even thought on future if the BLR dropped.
4. Can loan up to 40years, no force to buy MRTA
5. None

@ah beng
Thanks. I ask because hlbank call me this evening and said that even type A, the loan stamp duty is not cver. Then promoted HLbank loan cover 100% of the stamp duty. But RHB and Public told me was covered but advise me to double confirm with developer. What The Hell of Hl bank.

White Guy:
3. Between OPR and BLR will be 3.5% lar, which mean min is 3.5% not 4.2%. pls correct me if i’m wrong.
4. yes, also can reduce the amount of MRTA but not full cover your total loan.
5. Ask for special offer, should get RM50 waiver for withdraw money from your account. Note: Public bank can’t offer only RHB.
5. For default payment RHB upto 3months but Public only 1month. After due the BR will reset to 0% instead of 2.4-2.5%. So you need to pay 6.6%

Will be taking AmBank. Just curious why no one is taking fr them. BLR -2.45 throughout tenure…

@ah beng
Thanks.
Feel unfair for it, as the supplemental agreement declared is purchaser’s that request for it.

@ABC
As I know Ambank not yet become panel yet. May be you can call sales office to double confirm.

Anyone also ask the developer regarding the due date for SnP stamping? You gusy think not a concern? All the bank package seems quite similar, 1st 3 years the interest pay by developer so RHB’s offer is only beneficial to developer not us. I think need to get it clear on the separated SnP and who bear the stamp duty.

@WTH
I am not considering HLB at all cause they give me the lowest rate in the beginning compare to others bank and say will adjust the rate same as others bank after i reject them not better than others bank, not sincere to their customer…

@benji
Yea, the supplemental agreement is total disadvantage for the buyer and the car park place also not decided, can be back to back or side to side they do not promise that. But maybe they do this because the response on this project is too good, so have to follow their style if want to purchase.

@ABC
-2.45 aiks not aware of it at all, but i prefer take loan from local chinese bank hehe

@Oh Lang
Not really understand your statement there, developer will pay the interestfor 1st 3 years?? –> 1st 3 years the interest pay by developer so RHB’s offer is only beneficial to developer not us.

@White Guy
Is GSD going to provide DIBS to us and bear the interest until VP? I thought developer give DIBS? If not I am going to sign SnP without black & white commitment on the stamping date. If they don’t stamp the SnP and delay the project halfway, then we need the serve the loan interest during construction…damn it, I may be better let go. High risk.

@Oh Lang
sorry, typo. I means “I am not going to sign SnP without black & white commitment on the stamping date” in previous post.

@Oh Lang
As i know we have to bare the interest during the construction, but there is the licensed construction duration for developer. If over that duration and developer still incomplete the project, they have to pay the penalty to government and also to the buyer.

@Oh lang
Before you purchaser SR, u dunno DIBS have to pay ourself?
you must kidding me.hehe..

@White Guy
Then we MUST get the commitment to stamp SnP as soon as possible!!! If they onhold stamping and keep delay completion, have to serve the loan interest during construction till half die! We cannot get any compensation even they delay!!! So many projects on hand, God know when they can complete the project!!!

White Guy @Oh Lang
“As i know we have to bare the interest during the construction, but there is the licensed construction duration for developer. If over that duration and developer still incomplete the project, they have to pay the penalty to government and also to the buyer.”

No Stamp Duty, no talk!

The government won’t bear any responsibility without stamp duty, it is only your due with developer even the house to complete after 10 years.

You also need to pay the interest for those 10 years with ‘your dream house’.

Who wants to setup the facebook so that all of us would able to share your view in future?

If you think the risk is too high to you, pls step out and buy the ready unit. Just a simple decision.

@WTH
Don’t like this WTH haha, yea there is risk in buying new develop property but we all buyer here will want to minimise the risk as much as possible.

@Oh Lang
3 years no complete from the stamping date the developer need to pay compensation based on SnP, please read it carefully b4 sign haha, any doubt can fire on the lawyer incharge or developer. As long as the SnP no stamp, bank won’t pay money to the developer and lawyer cannot give the 10% to developer, if you find that your cheque is been deposit before SnP stamping anytime you can take action again the developer by sueing them, so what you wasted when SnP no stamp is the 10% downpayment interest lo.

@ah beng
FULLY AGREED. Sounf like you have done enough study before you sign the snp

@benji

They’re in the panel. Met up with AmBank,HLB, PBB and RHB last month at the GSD sales office. The lowest rate is offered by RHB and Ambank, both identical.

HLB reject my apply.. them say HLB already finish cottar’s for SR.

How come bank can told you they finished the quota? another funny story from HLB. Better leave them away from you.

wait them 2 weeks and just tell me when i call…. T.T
now waiting PPB and Maybank answer…

Affin bank can’t do this project also called and informed me after 5days i submitted my document. WTH of HLbank. PBB and RHB approved my application in 5working days only. HLbank already more than a month but only approve 80% loan, if 90% they want me to put a guarantor.

Do you know any due date for SnP sign? or there is not due date?

Ambank banker told me that their bank is not the formal panel bank for SR yet, still waiting their HQ approval. My documents sent them for 2 weeks but still do nothing.. Any of you facing same issue?

I had send all application to all bank and all got approve within 5 days. Impossible HLB hit quota, they keep forcing me to take up their loan… haha

cl :Do you know any due date for SnP sign? or there is not due date?

All these guys all bluff about loan packages but no one dare touch about unite and asking due date for SnP stamping from developer. Another smoke screen to cover the voice of general buyers?

@kc
are you buyer kc? if yes go go go… I totally support you to ask for due date for SnP stamping. When you want to organise the demonstration at the developer office remember inform me?

@kc
yeah yeah, inform me as well if you want to organize demonstration.

Heard from banker the on hold issue is due to supplement agreement issue that indicate for upgrading rather than just should be car park cost and causing the housing cost is lower. Mostly impacted is for Type A below 18 floor and Type B and C. Anyone can share? Thanks.

kc,

I hope you won’t invite WTH for the demonstration, cause a rich man like him only keep you busy instead of helping you.

dear all buyer
HLB banker call me last two day did inform me that the project ADPL not yet approve.
so unable to process the loan.
i did query why those ppl keep on saying their loan had been approved???

Some said on hold due to supplement agreement issue. Some said on hold due to ADPL not yet approve. What the heck is going on here?

Conclusion, do not trust HL Bank due to they know they can’t get into business and spread bad thing of this project. I do not think public and RHB bank so stupid to support this project if GSD is a problem developer.

this week and next should have buyer start to sign SnP, look like PBB and RHB was approved for the loan, other is on hold either Supplement Agreement issue and ADPL not approve feedback. But Developer is chasing for SnP sign. Anyone who already signed the SnP, pls share the floor/site plan detail if ADPL approved. Thanks.

today receive Maybank call. say my loan already approve.

@cl
Hi, i think is better to direct call up the developer and ask for clarification. They should know what is the real problem is?

@Lim
May i know which branch of Maybank and Agent contact? Because Maybank feedback they still on hold for Supplement Agreement issue. Pls confirm.

@ah beng
Thanks. Could you share what is ugrading Agreenment that include Car Park that when we booked, we just have House and Car Park cost.

@cl
I submit to QB mall, the Agent is Ms khoo..

@Lim
IC. Look like is QB branch maybank. I tot just Bagan brance can do.
Thanks for sharing.

Ops, Lim input was too late, my thought same like cl. Actually, my prefer bank is Maybank for my own convenience but no reply since 3weeks ago. I going to sign SPA tomorrow, anyone have questions to ask the royal firm and developer.

@WTH
You buy Type A? Can ask developer why got 2 agreement and wht is upgrading agreement for and it is applied to all units? Target schedule for pilling work start. Thanks.

won’t start soon. why don’t you ask yourself

the signboard has been already put up and the site is being cleared now. guess should be any problem

The signboard for SR ? Thats good…

@cl
The 2nd agreement is use for tax saving for the developer, the benefit to buyer is so call of upgrading on current facilities, eg window upgrading to aluminum material. SPA quite standard, 10% will hold by royal firm until the spa stamped. My understanding from developer, they will finish the stamping on this coming July.

@WTH
Thanks for sharing. Quite standard SnP. Target to sign next week.

@WTH
Does the second agreement specify car park type whether back-to-back or side-by-side?

no specified in agreement. Forgot to check with developer, but talked with royal, should be side to side but still do not know where and how they allocated your car park yet.

@WTH
Hard to argue or prove when developer dint give us right car park type.. seem like need to accept it.. don’t u think so?

Actually where is the exact location of the project, the signboard is put up but is far from Siara81 and closer to summerhill project.

Yes.. same to me.. till now still doubt about the exact location.

The lawyer got mentioned the side by side car park will not write in the supplemental agreement. Unless is back to back, they will write in the supplemental agreement for those come with 3 car park.

was the sign board thr only on this Sunday? When i drove through last Sat, there was no sign board yet.

@Alex
You need to drive in from Sg. Ara and come out to relau using the small and bumpy road only you are able to see the signboard… It is not next to Zan Pavilion, it is next to the old folks home, the others side far away around 2 – 3km from Zan Pavilion.

Is it just SR project signboard or the oeverall project of the land? Thanks.

Need advice which bank have a better offer PBB or Maybank?

can someone provide me the maybank banker contact?

@cl
SR project only…

RHB. if default payment 3months only the BLR will change to 0%++. Public Bank default 1month, BLR will change to 0%++. If let say you go oversea and forget to pay the installment, they is high chances the BLR will change to 0% and you force to pay more 2.4% interest. In the first i plan to take Public bank, but it seen like this condition quite tricky.

For RHB, the tricky condition is “in the event the difference between OPR and BLR reduces to below 3.5% during loan tenure, Bank reserves the right to increase the prevailing interest spread to maintain the margin between OPR and BLR at 3.5%”.

Both have good and bad, is depend on your final decision. No infor for Maybank.

i get offer from Maybank is BLR-2.4 only.. no other spacial.

Seems like things are moving… good.

Yeah seeing the SR project signboard near old folk house site. Saw that New Market is just across the road from SR project site relau exit. That will create convinience for resident in future.

Are you mean this old folk home? http://www.rumahcharis.org.my/rc_oldfolks.asp

It should be but I am not remember the name. Anyone can confirm if the link is Relau old folk house near SR site? Thanks.

@Novice
yeap, tht the one… Charis old folk home…

Does anyone face problem when getting loan from PBB? As my application can’t be proceed further when banker said they are yet to obtain official hardcopy of developer license and sales permits of this project.

My agent told me they still not yet received the hardcopy. But I had received the hardcopy of PBB loan offer almost 3weeks ago.

@WTH
Then, Does PBB provide you full loan? Are you choose PBB?

I choose RHB due to “if default payment 3months only the BLR will change to 0%++. Public Bank default 1month, BLR will change to 0%++. If let say you go oversea and forget to pay the installment, they is high chances the BLR will change to 0% and you force to pay more 2.4% interest. In the first i plan to take Public bank, but it seen like this condition quite trick”

Also, MRTA is not compulsory for RHB loan but must for PBB.

I got 90% for both bank.

Input from Maybank, for Type A 18 floor and above, they can proceed the application, same rate offer by PBB and RHB. For below 18floor, due to developer split into 2 agreements, Maybank do not want to proceed for some of the reason.

@WTH
How about the minimum BLR 3.5% which set by RHB? Seem like good one?

http://www.howtofinancemoney.com/2011/07/opr-blr-inflation-correlation.html
I’m not finance expertise, may be article attached will help to explain what is OPR and BLR.

@WTH
Can you share the Max Tenure of bank offer. Thanks.

Age 65 for RHB, if you are age 25, then max is 40yrs. i think other bank(not panel) can go up to age 70. At Hong Kong, max can go up to 90yrs- 3 generations installment. Lucky it still not happen at Malaysia. But it will happen one day because we always said development in our country is 30yrs behind of other advances countries.

Also, advantage to prolong the tenure is to help you to get loan approval much more easy due to lower monthly commitment.

@WTH
Thanks. Is SR site near Siara 81 or Old folk house?

no idea ler, last time i went around there was 4-5months ago. Dun care since had already signed the SPA

i just paid booking for SR today in queensbay, went to their site, seems like a quite and cozy place, but abit suspicious about the developer though as the surrounding all is SP setia , cant seems to find GSD land main office is, only know their sales gallery, never have a completed project but yet suddenly this year so many projects, im wondering if this developer have some connection with SP setia as the whole surround land in SR all is develope by SP setia, heck even siara 81 design is same with SP setia, and for the location its exactly beside siara 81 in between them is a narrow road.

Is it really becoming a trend for rental market? Saw 6 semi-d in Siara81 all rented out to indon or bangla… colorful “flags” upstair downstair… they must be enjoying their live here… hehe…

@wbk
yea..but once alll the housing area get o.c im sure they cant afford to rent there since the market price would be up

@Sunz
more units OC means more supply. rental should drop not rise. It is not rent by the foreign workers, but by the boss. 1 house easily fit in 20+ workers. Damn cheap rental per headcount.

@Crystal Ball
tell what is rental per month?

@WTH
take it this way, i just came back from there, at the moment only roughly estimated 10+ houses hav OC the rest still halfway constructing, and the reason now foreign worker can stay there is because rental is cheap due to the are is isolated, once the area develop people would start moving in there and hence the rental should be quite high. if you are the owner of the house, if around your house is nothing u would have to rent cheap, and when around your house there is booming residential and commercial units of course you would rent expansive or u might not even rent out because its now safer to stay there since everyone started to move in.

everyone already get loan approved?

@Sunz
I’m totally agreed with your staement, just put a challege to @Crystal Ball
message here is pls do not simply say something if you do not make a survey properly and future potential.

I have signed the S&P last Saturday and has asked the question as below:
1. Car Park (the developer will try to arrange side by side parking slot for each unit, though it can’t be committed yet) the lawyer’s concern is some purchase will buy extra parking lot.
2. Stamping on S&P ( As per the lawyer, they will expedite it and try to complete it by end of July)

I have opted for RHB Bank for my loan, but will have to sign the loan agreement along with developer by 2nd week of July. Does anyone face the same problem ?

I passed by the Construction Site as well, and saw the Signage is up. Have taken the pic. Can request from me if you need me to send to you.

Jex

SR is really a good buy property in island in terms of pricing and facility. Somemore ther got many facilities. Congrates to those who have grab the units if SR !

any units available for SR?

@Jex
Hi, can ask Ken (the admin) to post it up here.

@Jex
http://imageshack.us/ upload your pics and share the links here.

@sweet home
went to their office today, all unit sold out , even car parks also sold liao, but i think phase 2 still got unit but cheapest is around 560k+ around 1500+ sq feet.

WTH :@Sunz I’m totally agreed with your staement, just put a challege to @Crystal Ball message here is pls do not simply say something if you do not make a survey properly and future potential.

& @Sunz
actually I don’t bother to answer your question because it is so simply! Setia Pearl Island 3-storeys terrace rental is only asking for RM2k or less (some even asked for only RM1.5k)! so is Setia Pearl Island already a developed area?? with double decker bed, not a problem to squeeze in 30 foreign workers in a terrace house! so monthly rental is only ~RM60 per foreign worker, damn cheap! even cheaper than your carpark rental… If you don’t know how to use Google, here is the link for rental: http://www.iproperty.com.my/propertylisting/1257195/Sungai_Ara_2-sty_Terrace_Link_House_ForSale

@Sunz
What is that phase 2 project name? SR max is just up to 1182sqft, where to to get 1500+sqft?

@SP
Garden Ville

@sweet home
confirm sweet home is from GSD sales office.
only promote GSD product only like Sierra and Summerton!!
dont think we all idiot ~~~

@Jex
https://www.penangpropertytalk.com/2012/03/gardens-ville/
Built-up Area : 1,100 sq.ft. – 1,300 sq.ft.
Land Tenure : Freehold
Developer : GSD Land (M) Sdn. Bhd.
Indicative Price : RM400,000 onwards

where got 1500sqfts, may be you refer to wrong project.

@Crystal Ball
initially said easily 20+, now say 30workers. what you want to proof , hmmm.
did you get our message here, are you looking on 5years 10years on 20yrs later???? What you have done in last 5yrs and what you will see what you going to do in next 5yrs. Is it you see a big change? think about what is my message here, this is not a question.

@SK king
I have same feeling as well. However, i’m one of the buyer, i have to say something good about the project as well.

@WTH
SPI -> developed area -> rental RM2k(or less) -> 3 storeys terrace -> squeeze in 30 workers
Siarra 81 -> isolated area -> rental LOWER -> 2 storeys only -> squeeze in 20+ workers
Now can you do the maths?
I just answer to your challenge and proof that I am not simply say. So you should swallow back your own ‘message’…somehow later you change your ‘message’ again and don’t know what you want to convey. To me just feel like your ‘message’ just simply turn here & there to confuse people lah when you have nothing else to say.

Crystal Ball :@WTH SPI -> developed area -> rental RM2k(or less) -> 3 storeys terrace -> squeeze in 30 workersSiarra 81 -> isolated area -> rental LOWER -> 2 storeys only -> squeeze in 20+ workersNow can you do the maths?I just answer to your challenge and proof that I am not simply say. So you should swallow back your own ‘message’…somehow later you change your ‘message’ again and don’t know what you want to convey. To me just feel like your ‘message’ just simply turn here & there to confuse people lah when you have nothing else to say.

@ Cyrstal Ball
Don’t talk non sense here. I know you are not the buyer of SR. As the buyer, we definitely dislike foreign workers to be our neighbours…i believe you are also the same…what is the intention you wrote so many negative comments here? I don’t believe that “the boss” will rent the condos to their foreigner worker…there are still many low cost houses in Penang, do you think they want to choose the condo with higher rental fee??

foreign workers ALREADY stay in your neighborhood Siarra 81 ?i think they will move out after siara project is completed.

foreign workers ALREADY stay in your neighborhood Siarra 81 ?i think they will move out after siara project is completed. Dilenia owner should beware of this.

Setia green :foreign workers ALREADY stay in your neighborhood Siarra 81 ?i think they will move out after siara project is completed.

@ Setia Green
Yes. I agree with you that the foreign workers are stay there temporarily since there are the workers for the project.

@Crystal Ball
Which project you talking about? 5year ago Siara81 and SR still in the jungle. How many workers do you think can fit into Type A SR project? Why so concern about the rental, look for the asset appreciation, it will easily to cover the rental you hope to get. house price went up 25-50% in pass 5years in Penang depend on which location, check here http://penanginstitute.org/v3/files/research_papers/Housing_market_trends_and_affordability.pdf & https://rightways.wordpress.com/2012/06/07/lure-of-penang-sees-spike-in-property-prices/

The reason of the rental still cheap is because alot of peoples at Malaysia still afford to buy the half millions houses/condo at city areas. Peoples rather to buy a houses instead of paying the rental. This is also a reason the houses price still growing. Depreciation on RM will also caused the inflation, who will pay for the cost, not retailers, not manufacturer, it will only go to the buyers. This does not mean the house price will not drop if we facing economic crisis again. in 1998 crisis, but Penang island houses price only drop by 20% in certain area. We still not reaching the limit that most of the peoples unaffordable to buy their own house. Do you still think rental is important to you in current situation?

GE is coming, so it depend really on the gov. As i notice now, the inflation in this country is getting high. Salary is low expenses high, if salary high investor run economy down house price definitely down, so salary will remain low and house price will not drop. The condition I can say is still okay now, house is still affordable, so rental is low. But rental will definitely go up in the future cause will be more and more people renting house due to high inflation. House rental here definitely will go up with the job opportunity here in penang, so no worry for house buyer.

How much is the rental by the way ? Which unit rented ? I’m interested to rent cheap.

@CCP
find crystal ball, sure he can find very cheap rental for you in siara 81, mayb less than 1k

I think bangla and indon punya boss pay for around 2.5k lor for this semi-d, else people won’t rent to them one lar… just afraid Siara 81 will turn into their own kampung lar… then it will be like that forever liao… sad for the adjacent projects…

@ WBK,

Don’t be too sad now. After they get their blue IC, they are going to be your “tuan “. Thier kids got scholarship from atas, yours don’t . Then lagi sad.

@CCP

Like that B-end have to be ended soon liao lor…

Once in a while we do agree. Be ant = Banyak Nonsense.

why maybank pending the loan? Been told that the lisence got problem why split into 2 S&A ?To reduce stamp $$?

@anan
from what i know is..2 out of 10 submitted to Maybank got approve only, Maybank as always too chicken to loan money, u guys should choose other bank

Finally, I choose RHB offer. Advantages compare to Public bank
3months default before reset the BLR to +0.
RM50 waived for withdraw if i hav extra money in my loan account.
no need to buy MRTA.

Maybank still on hold for the unit with 2 agreement. Still pending their management approval. Unit with 1 agreemnt, Maybank can proceed. You can try RHB or PBB.

@anan
You may try to apply Affin bank…

@Novice
You have apply Affin and get the offer?

No… but Affin bank called and informed me that they become panel of this project…

Hi all i’m mala from Affinbank,housing loan officer ,currently we are offering very good rate compared to other bank.Pls call me or email me for more info.hp:010-4699074,email add:nirmala_831@yahoo.com.

The last I checked, PBB HQ has not release the credit for this project yet, I am still waiting for PBB’s offer letter.

Just wondering anyone has already had an offer letter from PBB?

@SR Buyer
Had you sign the offer letter? Or do you mean the agreement letter??

@Ah Beng
Have you sign the PBB offer letter? Per SR Buyer feedback, the loan approved but still pending signing offer letter. Is this due to timing of approval?

@cl
agreement letter or offer letter??

PBB offer letter is hold due to pending some doc from GSD.

I am referring to the offer letter stating the loan is offered. Not the legal agreement.

I suppose once your have the offer letter from bank then the loan is more or less guaranteed once you process the SPA.

I was told PBB is waiting for the official authority approval from GSD for them to officially release the “credit line” for this project.

Would be good if anyone can clarify the latest status.

Mr Tan :@upsetguy
i take public bank, i already signing the letter offer.will sign loan agreement in next week friday.Thanks.

hi, may i know does Public bank charge any interest during construction or no interest charge till project complete?

SR Buyer :- letter offer i already sign from pbb , loan agreement will sign this week or next week. My banker name Anne(pbb), please check with the GSD. ur banker process so slow.

Ryan :- DIBS, we have to pay the interest until oc obtained. please don’t ask this question again, refer back the comment.

me too sign offer letter already 1 month ago PBB, still no news from the lawyer to sign agreement letter…

do you guy notice in LO of bank or any sharing about …
Why mentioned as APARTMENT instead of CONDO?
Why mentioned as Rm 190K + 90K instead of both totall up as Rm280k
Why SR is not in Penang new property list? But new project open for Garden villa is listed??
S&P Included car park plan? One floor how many unit ?

@BB
Why you asking so much? Decision is based on whether you want to take the risk or not. It just a yes or not answer.

@Ah Beng
PBB – Anne is from Bagan Ajam branch?

@cl
Nope, heard that PBB bank withdraw all their offer letter for SR project, mean they will not be panel for SR project. Anyone heard of this news.

@ah beng
No get this news yet. Just inform offer letter will be hold until GSD provide Gov doc to them.
You mean who signed the offer letter also will be withdraw? Is this confirm

Seems like it is true that PBB is not one of the panel bank for SR.

@cl
Yea, if i no heard wrong… You can call to your banker and confirm…

2 agreement shows that developer financial is not solid. They want to take money fast for the car park which usually built first cos at the podium. No DIBS means that buyer pays interest very early stage for car park drawn n high risk is developer kaput, bank n buyer stuck cos developer already sapu all car park money n have not started building work to the unit. Financially strong developer always sign 1 agreement only. renovation package agreement is used here cos developer want to sell higher than control price. This scheme comes under 5: 10: 5 meaning some percentage of unit can sell only at cap price by the govt. Thus they get buyer to sign renovation agreement to get more profit!

@BB
Why you asking so much? Decision is based on whether you want to take the risk or not. It just a yes or not answer.

WTH, what the hack are you??? People just curious about the project and need clarification! I wonder are you from GSD Land? Why you are so sensitive about this issue? We are just sharing info and not make an argument.

But RHB bank is still can approve the loan, and i already sing the offer letter with them.

cl :
@ah beng
No get this news yet. Just inform offer letter will be hold until GSD provide Gov doc to them.
You mean who signed the offer letter also will be withdraw? Is this confirm

That’s what I heard (from a PBB branch manager), waiting for GSD provide Gov Doc. It is a prudent and safe move for PBB, and the buyers.

@Upsetguy
Pls alr, the answer he looking for have mention many many times already in this forum. Dun just looking for the short cut to get the answer. There is no short cut in life.

come on lah, guy, don’t keep dreaming again, wake up! PBB already withdraw from SR project as mention by my banker. MBB still waiting for the car park distribution list from developer, or else we buyer will need to pay for the extra car park fee if banker refuse to release the loan to developer.
I wonder how do we get our downpayment refund if the banker withdraw from the SR project even after signing the letter of offer from the bank? As we have got the SnP singning cause we taught we have got the loan from the bank?

So which bank only can provide the loan? Notice that ADPL still not obtain yet for the project. Anyone can confirm. Thanks.

@Upsetguy
Yea, i also want to know how much we can get back. This is why i choose PBB compare to others bank because they will not simply give loan to problematic developer. Since now PBB withdraw from this project, I think we can start to call up developer and ask for refund. I think we can just cancel the cheque 10% payment for SnP since the developer said they will not deposit the money if the license is not approve and get back the RM5k forfeit RM500 from the developer. Previous property fair in QB, i still see around 10 units SR project unsale.

Walau… this SR project really dramatic lar…. not approved, then approved, then not approved… then approved… heen ah…

called from PBB just now, confirmed PBB withdraw from this project.
the manager didn’t tell why they withdraw, just telling that they are not work on this project currently.
I’m interest to buy the remain units of type A. But it seems this developer is fishy…better look for other property!

PBB withdraw, i think i’ll withdraw too… the risk is from 50% now raise to 80%… Scary T_T GSDLand i think reputation in penang will go down… no record of completed project + all the hectic get from bank loan and licensing approval from gov…