there are few projects coming up beside garden ville…..among them are shoplots, bungalow and terres houses between SR and Gardenville. hopefully SR can be build asap.

@fun
Build fast actually not too good because your neighbor project will start to do piling job and caused your wall cracking then. parallel then is OK

@fun
Just remember that there are recycle center & kerin botol around SR, I wonder is the road still remain that “wide”? cause more houses and premises are going to build around there, the surounding area & traffic at there will become crowded, just imagine, most of the apartment or condo are having 2 car parks nowaday, what would it be if every family is having 2 cars?

Call in GSD expected stamp this month, site in progress testing soil.

@cl
Is that mean ADPL obtained? No ADPL, for sure stamping won’t proceed, let us see will the bank call us for loan agreement, cause our urgent sure will update us on the progressive.

@cl
sorry, typo error, is agent, not urgent

yea, confirm they not yet get ADPL, so impossible to stamp the SnP and they need to open and HDA account and get the HDA agreement before they can start build, their license end at 2017 mean they can delay 2 more years to build no problem…

but call to GSD last few day, them say already get ADPL.

yes, i called GSD yesterday and they said already get ADPL…
How to confirm? HDA acc??? Anyone can explain what HDA agreement and account means?

The Arena already out of shit…this one still struggling…hai…

The Arena already out of the mud, this one still struggling.

Headache…. PBB has dropped this project, HLB quotas full.

Out of no way, i called up my bank agent and she told me this bad news!!! And no GSD people calls me up to inform me on this nor chasing me to get a new loan!! What is going on?

Shall i proceed with this purchase or not?

Nama Projek SIERRA RESIDENCES
No. Fail 12058-1
No. Lot 608
Negeri PULAU PINANG
No Akaun Pemaju Perumahan (HDA)
Nama Bank(HDA)
No. Lesen 12058-1/07-2017/976
Tarikh Tamat Lesen 22-07-2017
No. Permit
Tarikh Tamat Permit
Status Tanah PEGANGAN BEBAS

I don’t see any ADPL here… no no. permit where got ADPL… for the license yes there are, no HDA acount no. yet too…

Shall i proceed with this purchase or not?

@xuan
no

Cham leow la, how to know when to get ADPL & HDA? Can this project go ahead bo? Just now went over the side, still same as before.

If the project is keep on delay, I wonder the housing material for construction will get increase or not? Cause recently, the price for simen is also increase, what I am really worry is the quatlity of the building later on due to the price that we got during lauching is before increment of the simen price.

@JK TY

Just drop it lo, cause no point buy since the developer cannot deliver. Wait and wait and wait… Not even 1 project deliver… Those who insist want to buy i wish them good luck, those who still consider my opinion is no need consider at all…

Desmond :If the project is keep on delay, I wonder the housing material for construction will get increase or not? Cause recently, the price for simen is also increase, what I am really worry is the quatlity of the building later on due to the price that we got during lauching is before increment of the simen price.

The material price increase will be developer problem. Dun worry. They need to give the material as what stated in SnP. Did you check the material used b4 sign SnP? Are they using red brick or sand cement brick?

@JK

Agree with JK comment. even the teres they build on oasis residense (1st projects) in relau also havent complete. How can they deliver the 4th projects on time

@SR
Developer problem = buyer problem la aduih… SnP stated very general geh, they will use brick instead of sand brick or red brick, i believe they not even dare to emphasize on swimming pool size, car park size and others facilities. They will try to state it in very general like swimming pool, car park but not specific. They know play tactic one. Only famous developer dare to specific write out those thing.

@JK
So what is your proposal

i called up GSD and being told ADPL has been obtained too. was told by my banker that they have already got it also.

@fun
They say what you also believe, naive buyer.

@WTH
I already stated so clear on above comment, you still ask.. facepalm
Dunno how to answer you, just forget it ?

Can anyone tell me why GSD has double standard? Why some have 1 agreement but some have 2 agreements? This is not fair.

@JK
Then you must show some thing to prove your comment is corrected. for ADPL i more believe lawyer and banker more then you…

@Lim
Up to you what I care? facepalm

@SR
I am not yet sign the snp, still wait for the Maybank news, as mentioned by the girls at GSD office on last month, the issue in btw Maybank and GSD will be solve within 2 more weeks, but until now for almost 1 month, still no news from Maybank, I wonder where was the girls
obtained the info? Is she just simply reply our question or being trained on how to answer the question raise?

@JK
you care… you look like very care, if some 1 no follow your point.

@ JK, Lim & WTH
There is no point for us to make an argument now, we just wait and hear from those that signed the snp, the snp should get for stamping once the ADPL approved, let us see for how long the developer will delay for the stamping, hopefully, there are no more excuse that waiting for this and that? Cause the issue in between bank and them is no related to the signing of snp.

Desmond :@SRI am not yet sign the snp, still wait for the Maybank news, as mentioned by the girls at GSD office on last month, the issue in btw Maybank and GSD will be solve within 2 more weeks, but until now for almost 1 month, still no news from Maybank, I wonder where was the girlsobtained the info? Is she just simply reply our question or being trained on how to answer the question raise?

This developer created so many problems in this project. They come out with 2 agreements which is beneficial to them only as once car park is completed then they can get 50k already. Even SP Setia car park oso not worth 25k for 1 car park la. Thats the reason why PBB run away and MBB still on-hold the loan. I guess they need to collect money upfront for their future phase 2, 3 and 4 projects

Desmond :@ JK, Lim & WTHThere is no point for us to make an argument now, we just wait and hear from those that signed the snp, the snp should get for stamping once the ADPL approved, let us see for how long the developer will delay for the stamping, hopefully, there are no more excuse that waiting for this and that? Cause the issue in between bank and them is no related to the signing of snp.

They so early call for signing SnP just to hold our downpayment, in fact they not even get their permit. WTH~ Then create 2 agreements for us until so many problems come out. I feel not fair when i saw my fren with 1 agreement. Same project with 2 standards like I am not paying them enough money

Desmond :@SRI am not yet sign the snp, still wait for the Maybank news, as mentioned by the girls at GSD office on last month, the issue in btw Maybank and GSD will be solve within 2 more weeks, but until now for almost 1 month, still no news from Maybank, I wonder where was the girlsobtained the info? Is she just simply reply our question or being trained on how to answer the question raise?

This developer created so many problems in this project. They come out with 2 agreements which is beneficial to them only as once car park is completed then they can get 50k already. Even SP Setia car park oso not worth 25k for 1 car park la. Thats the reason why PBB run away and MBB still on-hold the loan. I guess they need to collect money upfront for their future phase 2, 3 and 4 projects

@Lim
Why you so care what I said ?

I heard frens said HL and RHB quota full. Is it true?

@Janet
Not true

go buy shineville better, this project not worth at all la

Quoted from someone, Today’s STAR reported that “The selling price of properties in Penang will soon surge by 5%-10% following the recent move by Lafarge Malayan Cement to raise cement prices by about 6%, according to housing developers here.” I foresee Garden Ville price will be boomed…

@JK
Which project i can buy with the budget i got? If you do not have a solution, just keep quite and wait. If the developer run away or not, you do not gain anything. You thought you gave 4lucky numbers at hope someone won the first price and this guy tell all the peoples you can predict the numbers. Every word from you not sincere at all.

shall continue purchage this project or drop?

@JK
what you say i also not will drop my unit… but i no like you away say this no good that no good, but cant prove it.

Lim :
@JK
what you say i also not will drop my unit… but i no like you away say this no good that no good, but cant prove it.

Me Too. hehe

Back to the storey, until now who can telling me in penang island which new project is selling RM326psf????????? around 1000sf
tanjung bungah? bayan lepas? sungai ara? relau? georgetown? teluk kumbar? batu maung?
jelutong? greenlane? air itam?
@ answer is no..
this is more important.

This project is cheap if comparing to the rest of new project…… but if the developer run away then “cheap’ is meaningless. Dont you agree? The rest of project need to pay extra but these are GOOD FINACIAL developer like SETIA….IJM….

Good Morning to all of you…..
Any good new for this project so far?
How about bank loan, any bank accept this project loan?

Today Holiday….No one on line to comment ??

Any new ? Any new? Any new?

No news haha

I am interest in this project, but all unit sold out and I am still in waiting list now….If someone want to withdrew the unit, please let me know:)

@BK
are u sure? last time also people said so but later in property fair still found unsold unit & a lot of excuses been given… hee hee.

i believe in this project and developer… if we give up now u might save back rm5k if u hold u might gain or loss more… but if this developer give up halfway they are losing by MILLION AND MILLION compare to when project complete.. why said so, nowadays bank release money not like lastime(total release) now by completion%.. so if u are developer will u run ~

@kg
why got 2nd agreement that charged RM50k for a carpark, until banks also dare not to loan? Typical carpark price only RM20k, additional RM30k x 1000 car park = RM 30 millions gain upon carpark completion!!

Pen1 :@kg why got 2nd agreement that charged RM50k for a carpark, until banks also dare not to loan? Typical carpark price only RM20k, additional RM30k x 1000 car park = RM 30 millions gain upon carpark completion!!

They want take the money 1st once the car park done. Think about it, if they finished 6 levels of car parks then run away. U oso canot do anything because bank release all carpark money $25k each to them adi. They have earned alot with only carpark completion

So do not buy condo build car park first and unit later
All are welcome to drop their unit, this is your decision.

@Pen1
There are only 320 units if i’m right, each unit come with 2 car parks. max 640 car park. Also no more than 50% units sign 2 agreement. Why1000 car parks?

@heehee
Then this is your decision lor, no body can change you ma unless you want it.

Anyone willing to let go their unit, please let me know. I’m willing to buy over.

My email is keeseng12@gmail.com

@Ks

I guess some of you is from GSD group kot….

haha, seem a wrong timing to pop out my question here.
I know is sensitive to ask so … but I am looking for new house. Bank aly approved my load based on type A unit, but unluckly all unit has been sold out.
I checked with sales office, get to know that someone would like to withdrew from this project. Instead of pay for penalty, we could do it on the sly

Let me know : june_nbk@hotmail.com

@BK
How can loan approved without booking receipt?? Interesting, you could be pretty rich

haha…i am curious too

Really curious, with no house to purchase, but still can get approver from bank, do you think bank can simply approved the loan with no property on hand? Unless you borrow from ah long lo.
Can share which bank giving you this approver? Kindly give a contact info.

Pen1 :@kg why got 2nd agreement that charged RM50k for a carpark, until banks also dare not to loan? Typical carpark price only RM20k, additional RM30k x 1000 car park = RM 30 millions gain upon carpark completion!!

as completion means.. once touch your level only bank start release your money.. so carpark agreement is for those above 18th to bare as what lower floor buyer been surving interest.. and 50k >20k issue guess is bcoz of avoidin higher tax from S&P stated amount..

Any latest site progress ?

https://www.facebook.com/pages/Sierra-Residences-Penang/214188615377585
Please join this SR community page. Hope we can keep track on the site progress from time2time.

Any one apply Affin bank here?

i receive letter from RxB to sign up with lawyer, and pay RM2848.75 for lower free. do your have receive this kind of letter?

ah? what fees is that? u signed up ur housing loan d?

Lim :
i receive letter from RxB to sign up with lawyer, and pay RM2848.75 for lower free. do your have receive this kind of letter?

Lim, what fee is that? I also signed up loan with RHB but didn’t notify to pay anything yet…

Type A, covered by developer

@JS

@fun

Is lawyer fee. the latter say must sign and pay before this month end. if not the offer latter will
void.

@Lim,
Hmmm..i tot all lawyer fee was bay by developer..anywhere mine unit is type A, as per WTH mentioned it covered by developer….

just check your booking form….they got stated there..

RHB Bank loan agreement signed with panel lawyer this morning, if everything move smoothly, the documents should completed the duty stamping by next 3weeks.

WTH :
RHB Bank loan agreement signed with panel lawyer this morning, if everything move smoothly, the documents should completed the duty stamping by next 3weeks.

sound familiar. heard the same thing few months back.

@Pen1
Like

what’s the site progress ?? any info/?

i also signed up the SPA today, according to that gsd sales girl…they already got the Advertising Permit (AP) and Developer License (DL). Hopefully everything is truth and more good news coming…

Housing and building developers are required to apply to the Ministry of Housing and Local Government for the developer’s license, advertising permit, and sales and purchase (S&P) agreement.

I did checked through the supplementary agreement, it;s about the upgrading items such as from cement floor changed to tiles, door/windows and etc….and they informed they’re in progress allocate the car park lots and asked me to call in on next Monday to check with Jasmine.

I saw Summerton project moving quite fast now. Also, still saw the machine running at about 9pm for Golden triangle project. I’m quite positive and just depend on when they stamp the SnP agreement and start the SR project.

WTH :I saw Summerton project moving quite fast now. Also, still saw the machine running at about 9pm for Golden triangle project. I’m quite positive and just depend on when they stamp the SnP agreement and start the SR project.

like

@WTH
Good!

Like..

Light at the end of the dark tunnel… hehe…

heard will start stamping tis week..

@orange
Finally….. Construction work will start after stamped… We will be called to collect our SnP doc after stamped soon.

There is property Fair in QB. Garden Ville open for registration.

Aiks, i still haven’t get my loan approve… Previous apply on public bank been reject. Now apply for RHB instead. Get the SMS also on stamping of SnP.

Hi, i receive email stating that my 10% payment shall be deposited into the HDA Account and follow by stamping of SPA.

I am back, good news to all buyer. Stamping going to start soon.

I also get SMS of deposited 10% follow by stamping message. Thats good news.

@wbk
^^Light at the end of the dark tunnel… ^^

Need some info and advice on Bank loan, as of now, only 2 bank is able to proceed for this housing loan (RHB & Hong Leong). Any comment which bank is giving a better offer?

HL bank’s quota is full unless u are their good and existing customer.
i guess both basically the same….
anyway, i took rhb

@Jason
RHB is better, i got RM50 waiver if i withdrawn extra money from my loan account. Also, they will adjust the interest from -2.4 to 0 only if you not pay the installment 3months period. HL agent services not good. I had no idea why PBB rejected the offer, but i did get the offer somewhere on end of June.

Another advantage for RHB is the branch located in Penang Island. More Convinience.

hope RHB approve my loan, i reject them once because of PBB… in the end PBB make me disappointed by rejecting to be panel and no even a sorry for that. In the end i need to resubmit everything and apply again. Thanks PBB for the good work.

GG :
hope RHB approve my loan, i reject them once because of PBB… in the end PBB make me disappointed by rejecting to be panel and no even a sorry for that. In the end i need to resubmit everything and apply again. Thanks PBB for the good work.

Lucky i choose RHB and rejected PBB last times

Good Luck

I called them just now. They will proceed stamping latest by next week…:)

I also got SMS of deposited 10% follow by stamping message.
MRTA for RHB is optional but HLB is compulsory if not mistaken.
anyhow I’m also accepted RHB bank loan because HLB quota already full.

I didn’t take the MRTA
It not compulsory if you choose RHB

WTH :
I didn’t take the MRTA
It not compulsory if you choose RHB

Yup…i also didn’t take MRTA but planned to buy 1 more life insurance cover..hmmmm

I called the office and the officer confirmed that they are ready to stamp the SPA in Sep.

Was also told that sms were sent to those who have signed the SPA earlier. For those haven’t sign SPA they will be informed to sign soon but I have not get the sms yet.

For those that had obtained loan facility, can you share the rates? I am still undecided which bank to go for because PBB was my preferred bank earlier. Thanks.

SR Buyer :
I called the office and the officer confirmed that they are ready to stamp the SPA in Sep.
Was also told that sms were sent to those who have signed the SPA earlier. For those haven’t sign SPA they will be informed to sign soon but I have not get the sms yet.
For those that had obtained loan facility, can you share the rates? I am still undecided which bank to go for because PBB was my preferred bank earlier. Thanks.

There is not much choice u can choose…….right now i forseen you’re only can apply for RHB since HLB quota already full, and if your unit is above 18th floor then maybe can go for MBB.

@WTH

hmm…, really curious, can I know the stamping for spa is for property or car park?

If for both of them, I am sure MBB shall contact me now, cause all the while MBB are stiil struggling with the 2 agreement issue, cause the car park lot not yet settle.

If the car park lot issue not yet settle, can the spa for car park get stamp? With no stamping for car park agreement, how can the pilling begin?

So far, MBB still not yet contact me, have anyone already get the loan from MBB for 2 loan agreement?

JS,
what is the diffirent above 18th floor or below 18th floor?
The procedure not same mea? Pls share ….Thanks

QQ :
JS,
what is the diffirent above 18th floor or below 18th floor?
The procedure not same mea? Pls share ….Thanks

for those below 18th will come with 2 agreement for our unit…..so certain bank like pbb or mbb they can’t proceed…so far only know rhb n hlb can proceed with this 2 agreement facility..

For those purchaser who is yet to obtain a bank loan, please call me at 012-4152355 for loan arrangement. Thanks.

@Lim
U from which bank?

Should be hlb

HL. Please quickly call or text me. 012-4152355. Thanks.

@Lim
ur services no good.

@WTH : totally agree with u.
@LIM : dont make promise that u cant seems to keep n make ppl wait for your call. Lousy service!

JS….
Thanks for your clarification

But this developer really make people SAKIT KEPALA
Non Standardization .. 1/ Agreement 2/ Lawyer Fee
Why 1 building have 2 diffirent procedure…… ????

I hv a feeling dev financial is not strong lo. I live near golden triangle. Before the Sierra residence 2 car park issue resolve, the golden triangle construction is almost grounded. Now it starts construction again after bank release money from Sierra residence? The 2 agreement in SR somehow give me this feeling.

@WTH: Not agreed with u. I just gotta the loan from mr lim and in fact i choose hl bcos of his good service.

Achy :
@WTH : totally agree with u.
@LIM : dont make promise that u cant seems to keep n make ppl wait for your call. Lousy service!

I did got same experiences, not sincere at all. I felt that he want to earn money more others importance need from his clients.

SY :
@WTH: Not agreed with u. I just gotta the loan from mr lim and in fact i choose hl bcos of his good service.

I believe u bought unit type b or type c

WTH :@Lim ur services no good.

Fully agree, this person is just want to hit his sale target without really give a good follow up service. if your loan already approved and signed, he will not bother to answer your enquiry.

Try avoid taking loan from this person by all mean

WTH :
@Lim
ur services no good.

Looks like our Mr. Lim name aledi busuk liao.

@Lim

Lim at HLB, can you use other name.. since i alsready use it at early… if not other will this is same ppl…

@ WTH n @ achy : fully agree with u. Lim from HLB really provide bad service! I was applying my loan thru him at 1st n he make me wait for 3mth!! Told me my loan sure approve n dont worry, can go ahead to sign the SnP 1st.. Luckily i make my last call to him n force him to say out! That time he told me HLB quota is ful! This si gi na really makes my world upside down! 1st time buying hse n he giving me this bad experiance. At last i apply RHB loan n it takes only 10days to approve!! Phew~

@snaiL
I sent 4 applications to mayb, hlb, RHB & pbb at the same date. pbb&rhb approved my loan in 7days. Mayb call me and ask whether I can wait or not due to 2 agreement issue after 2wks. I didn’t get any updates about 2months and he insisted want to get loan for me without special offer. Then no call until today.hehe

@ WTH : Never come across my mind tat i hv to apply for so many bank – on safe side. For me the doc is like PnC and he was so convincing or my non-experiance in this matter. Resting my mind at peace and concentrate on my work as i knw i need more $ for the hse. Days pass, weeks pass and mthS pass! Starting to feel cold sweat! Where got such irresponsible person like him and i hv to mention.. everytime i am the 1 tat call him! End up with HLB ful quota – just like u say “he still insist on the loan without special offer”. Thanks to him for tat fruity experiance, or should i say NIGHTMARE!

@snaiL
Like

wbk :
Light at the end of the dark tunnel… hehe…

wbk you are back! Looks like you are wrong, Arena is not the most problematic & worst in delay among the nearby projects. hee hee…

Hi ALL,
I just called up BP Ang & Tan lawyer (Ping Ping), accordingly to her…our cheque and SnP doc was sent to GSD for signature and they(GSD) should return it for them(lawyer) by this week.
Once the lawyer receive the document then will send out for stamping, we should expected to get our SnP copy by 1-2 weeks later. stay tuned.

Thanks JS.
This is a good News to us

This is extremely good news..thanks JS for the information

Great news, I’m waiting the stamped snp to withdraw money from my epf to pay the 10% deposit.

Anyone can advice whether any unit still available?

WTH :
Great news, I’m waiting the stamped snp to withdraw money from my epf to pay the 10% deposit.

yup..i’m also waiting for this……i did informed ping ping to prepare the required certificate/document once the snp stamped for our EPF withdrawal

@WTH
Is GSD accept you to waiting the stamped snp to withdraw money from your epf to pay the 10% deposit. because last time i also request like you, but they are reject me. (So bad)

@karen
I provided some support docs to proof I will pay the 10% and buy the unit I booked. Their management approved it. Also, this committed by their sales manager during launching. Else, I will drop the booking. Anyway, I’m also great negotiator

Pen1 :

wbk :
Light at the end of the dark tunnel… hehe…

wbk you are back! Looks like you are wrong, Arena is not the most problematic & worst in delay among the nearby projects. hee hee…

How do you know? Arena drama still yet to reach its “climax” ler… hehe…

don’t forget to join SR community page…
https://www.facebook.com/pages/Sierra-Residences-Penang/214188615377585
i’ll try to visit the site by this weekend and hopefully can upload some photo later…stay tuned

@JS
My advice, you need to actively update the page. Else not many future neighbor will join. Then you can start to build the committee team to maintain the page when there are more peoples join.

@WTH like:)
thank for your advice…pls pm me if you’re join…i think u must be very active member/neighbor…

@JS
Thanks. I could be a person always make a lot noise

@WTH
Hope you are not my neigbour, i hate noise… LOL

karen :
@WTH
Is GSD accept you to waiting the stamped snp to withdraw money from your epf to pay the 10% deposit. because last time i also request like you, but they are reject me. (So bad)

Bulk buys mai can negotiate lor…u help me i help u goreng yeah.

@GG
Pray more, god will protect you from noise.

@WTH
Yea, i think so, God Bless !! You take care too !!

@GG
like

Looks like HLB improve thier service…My loan application get approval within 2 working days…

HLB, tenure loan shorten to only maximum 30 years.
-2.4% thorughout?

@jackie
I think you can still nego for better offer, they offer me this before but i reject and they give me better offer -2.45% throughout?

@Jason
Haha, really… they need 2 months to process mine LOL… in the end i reject their offer cause service no good and very hard sell…

For my RHB loan interest rate are:
BLR -2.50% p.a for first 12months
BLR -2.45% p.a for next following 24months
BLR -2.40% p.a thereafter
Loan get approved within 2weeks times from applied date.

Anyone go to see the site progress now?

i did uploaded the site progress
check it out:
https://www.facebook.com/media/set/?set=a.223322861130827.49396.214188615377585&type=1

GSD unable to cover so many project like cover apom balik bisiness ……………..

Huhu …
good luck to all of you….
FTZ one company will remove ~4k head count is year 2013…..

Down in year 2013…….
How GSD cover here and there? Go to link www.waitlonglong.com if you looking forward OC in 3 year time frame.

lim :
Huhu …
good luck to all of you….
FTZ one company will remove ~4k head count is year 2013…..

So? are u one of the victim from that FTZ company?

which company layoff??

JS , Dont beliave ? Wait and See Lohhhh………

lim :
JS , Dont beliave ? Wait and See Lohhhh………

i didn’t said no believe….i jz asking whether u’re from that FTZ company or not…since u so fast can get know future things….jz share out if you want…

Buy subsale house now…. play safe!

My advise to friends…… im one of you who “Q” for 3 days and night for this project ….. but im give out now.

IM WORRY TOO….AND FINALLY DROP TOO AFTER TALKING WITH FEW FRIEND WHO WORKING AT BANK…..

JS…
Yes, Im from FTZ company that why we have 1st hand new
Our company now start plan the budget for next year ….ths 1st one is COST reduction.

Me working at FTZ as well, my boss also sharing some bad new for next year. But rich people still good for property invesment but not for the normal worker hard earn $$$.
Think 2 , 3 , 4 till 10 times…..

very simple…
you have extra $$ then good to invest ..but if not then better buy sub sale house.

Property up trend timing is over …. everything is timing.
Now is not a good timing. My 2 cens

@lim
Soon you will know the impact on your own finances problem. Even rich ppl escape. However they lose their 50 % fortune, they are still very rich. If you lose 50% and lose your income. Congratuation to u. It will not care you doing own biz or work at factory. Ur income will reduce or no more income, see you still can laugh later . Then wait and see if not believe.

lim, thx for your advice.
for those who can’t afford to take risk of coz buy subsale house is the safer way to own a house…but bear in mind..i dun see any sub-sale unit which is 1000sqf & freehold title are selling abt 330psf now..
And if economic crisis coming subsale buyer or new house buyer will also facing same trouble IF they lost have lost their job…right?

@tang
Is ok one.lim still can laugh because he hv safer solution.

So for those ppl who worry they might lost their job one better stay away for buying any house 1st…jz WAIT WAIT wait the economic crisis over 1st since we can foreseen the economic crisis will fall on 2013.

lim, do u got any good recommendation for subsale house? or u’ll wait eco crisis over 1st?hehe

@JS
If he know when is the crisis over, he is already a Tycoon. May be better than warren buffet because warren also can’t really predict the future.

@WTH
yea, i hear the news too that going to be VSS soon. Anyone who buy house during that time will hurt, I just can say for me i will just declare bankrupt if unable to pay for the new house. Bank is the one having the most risk during downturn.

@tang
Walao..this indicate you didn’t do your homework to own a house. Go to propertiseguru web, select penang, floor size 1000sqft (min), 400k price (max) and press search. Pls do factor in floor premium and also reno + furniture if there is any. 350sqft to 380sqft…at least 20 to 30 listing.

@David,
Can you share out few apartment/condo name which 330psf in Penang island? (freehold + min 1000psf..
will appreciate your kind help to help those ppl who are plan for subsale house…thx

As per my understanding, the subsale prices are always followed by the market price unless those older properties which are more than 10 years…

thats not happened to Gold Coast, Alex.
Your theory is partially correct only

@tang

Siez…oklah. Already simplify for u. Got 5 to 6 listing match ur requirement

http://www.propertyguru.com.my/property-for-sale/1?region_code=MY07&property_type=N&property_type_code[]=CONDO&property_type_code[]=APT&property_type_code[]=FLAT&property_type_code[]=PENT&property_type_code[]=SRES&property_type_code[]=STDIO&property_type_code[]=DUPLX&property_type_code[]=TOWNC&property_type_code[]=CLUS&maxprice=400000&minsize=1000&tenure[]=F&submit=Search

How long you all waited to sign the loan agreement with the lawyer after you sign the bank offer letter ???

JK,
Do you mean sign the SNP agreement with lawyer?
If yes then once u get bank offer letter then can call them to appointment for singing the SnP.

I already sign SnP 3 months ago.. Just get loan offer, waiting lawyer to call to sign loan agreement dunno how long need to wait.

Thanks to public bank which approved my loan and reject to be panel at last minute.

JK,
I think you better call up lawyer rather than you’re waiting them to call you.
jz my 2cent

@JS
you all did that too, ok will call the lawyer and ask whether the loan agreement is ready. TQ !

JK,
No problem…you can check with lawyer when is the SNP stamping copy is ready as well…
i think they’re now in progress to doing this as well. Don’t forget to join FB community page.
Cheer

Hi,

Regarding the interest will be bond by buyer, shall I know when do we need to start paying the interest?

Thanks

desmond,
if not mistaken, once bank released the money for developer then we’re starting to pay the interest d….you may refer back your SNP copy on how bank release the money to developer…they have a list of table there..
i’m waiting for the stamped SNP copy to read more in details.

@desmond
Probably the car park will be completed very fast and developer getting RM50k for the carpark (for 2 agreements buyer). Then the construction may slow down while you serving the interest for your RM50k carparks.

@desmond
Talked with rhb couple days ago. Finished the carpark assigned for your unit. Released rm 95k for those come with 2 agreements. Once your unit completed, they will release full payment and you need to pay min full interest. So those bought lower unit actually need to bear more interests if not paying full installment. The agreement tight with 3yrs commitment and the first day will count after they made the first release.

@WTH
My unit is came with 2 agreement, for an example: let say my Loan is 350k (95k for 1st agreement and 255k for 2nd agreement) do u got any idea roughly i need to pay for interest IF bank already released 50% to developer…thx

@Tan
Should be about 600

WTH :
@Tan
Should be about 600

RM600 interest per month?? wlao eer…

@Tiaw
600 is after 50% only. If bank released 100%, it should be 1200 Liao….

@Tiaw
600 is after 50% only. If bank released 100%, it should be 1200 Liao….for 30yrs loan. How ever, it will go down from yr to yr

Government going to raise the properties gain tax. rumor said may be increase to 30% tax. Can the interest paid during construction be deducted from profit later? if not rugi lor. like that better buy other full DIBS projects, less troublesome.

Hi Goreng & WTH,

Thanks for the info sharing.

Just get the latest info from legal advice, Sierra buyer shall need to pay for both property & carpark installment once the construction for Indah Water and longkang project is started, that is about 10% from your loan, which mean 10% from property loan & 10% from car park loan.

So, it’s mean that both of the loans will be pay at the same time, you will receive both statement together at the same time from GSDLand for loan release from bank, which mean even you are at high floor, bank still need to release the $ for other facilities that need to build and you shall start to pay for your installment.

By the way, can I know for how many type of agreements have you signed during snp signing? and how many copies in every agreement? (e.g. 1 set for legal advice, 1 set for banker, 1 set for developer & etc.)

Ah Cat :
Government going to raise the properties gain tax. rumor said may be increase to 30% tax. Can the interest paid during construction be deducted from profit later? if not rugi lor. like that better buy other full DIBS projects, less troublesome.

Cat ah cat, how the 30% property gain tax got to do with DIBS is full or half? hee hee hee…

lol…ya…ah cat, please advise, very not logical thinking…

@desmond
Thanks for great info sharing. Need to prepare some extra money to pay bank Liao

more troublesome lor.. need to document the bank interest payment during construction properly so that can exempted from being tax.. DIBS no need to take care of interest during construction.

Anyone already received SnP stamped copy?

Heard from the legal advise that stamping for snp already started on last few weeks, hoping mine will get stamping by this weeks, cause after stamping, the only thing we will only wait for the house to complete on next 3 years.

Any progressive on the site? Please update, TQ

Ah Cat :
more troublesome lor.. need to document the bank interest payment during construction properly so that can exempted from being tax.. DIBS no need to take care of interest during construction.

First time got people claimed that bank interest will be taxed one la. hee hee hee…

@hoohoo
You try not to keep the document of your interest payment during construction and see..see whether government will just tax the selling price difference of ( selling price – SnP price), or you expect the income tax department accountant will automatic do the calculation to exclude interest payment for you??? You can just try and see.. hee hee hee…

is to reduce our tax la the loan interest… is one of the benefit to reduce tax when we get bank property loan in the 1st 3 years starting from when we pay our loan. No impact much, you give zakat is more impact…