The Signature
The Signature, a 27-storey residential development by Excel Focus Properties in Perai, Penang. This development is strategically located along Jalan Baru within mere minutes drive from Penang bridge. It comprises 148 condominium units with indicative price from RM362,000 onwards.
Property Project : The Signature
Location : Jalan Baru, Perai, Penang
Property Type : Apartment/Condominium
Tenure : Freehold
Total Units: 148
Indicative Price: RM362,000 onwards
Project Website: http://www.thesignature.my
Developer : Excel Focus Properties Sdn. Bhd.
Show Unit (with ID) – Contributed by developer (06/12/2013)
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Show Unit (standard) – Contributed by developer (06/12/2013)
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Site Progress – Contributed by developer (06/12/2013)
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prominence vs signature, prominence free stamp duty cost around 10k vs signature no include stamp duty but free semi furnished so price almost same, but prominence 1500sf vs signature 1100sf, prominence gt more facilities, signature more privacy, actually cabinet kitchen only few thousand and nowaday air cond also cheap only better choose 1500sf bigger space more worth ==
for 10k nowadays what kind of kitchen cabinet u can get..prominence piling stage, signature level 17.. prominence at least 1 n half year behind signature…so signature for me, i can make some profit and move on to other properties rather than waiting for another 3 years.
Who already signed SNP ? Received letter from lawyer firm ask to sign SNP d.. Btw, earlybird with 8% discount also entitle for loan agreement stamping fee waiver right?
just signed snp… developer will bear lawyer fees for both snp and loan agreement. for snp stamp duty will bear by developer, for loan stamp duty will bear by us. i just pay <RM3k
I bought signature just because developer sincerity
1. show unit what you see what you get then only sign snp – developer show sincerity not asking you rush to buy
2. downpayment pay for 30-40% progress – not pay for zero or pilling => show sincere for how financial strong are them
3. double glaze window – show sincere how developer take care of owner although it not 100% filter all noise.
The best project
signer
sound like u are one of them rather than a buyer..
but to be fair, ur statement is right.. buyer are invited to visit the actual units before signing…some the buyers here complaining about airconds / cabinet / fan and even the mosque and railway track.. just dont sign the SNP and let go your units if u dont like it.. i think there must be long queuing list to grab the let go units…
Signature project is under DIBS?
@Chocolate
Yes, under DIBS
Anyone knows when is the most late time/date to sign an SPA?
normally the developer will give 2-4 weeks dateline after booking for u to secure ur loan.. but u risking losing the dibs package if it lapse until next year bcoz govt has come out with new regulation
@wanmohdrafiq if u are an existing buyer, then shall be 23rd november (9th launching + 2 weeks)
Just launch on sep this year but already in sub sale in mudah.com.
1087sq ft for 435k advertised by agent Mark Goh.
Want to speculate and make money in two month time.
Fantastic!
Ridiculous!
Haha! Awesome! I hope this project is never going to be wrong.
Not necessary making the right choice, might be making the wrong choice trying
to dispose off after realising this bad location before it’s too late to make some
profit.
hi all
can anyone sell before the project complete? i dont think so.. ur bank yet to do the 1st draw down.. how can the subsale banker pay over the 1st house buyer loan..
This can be done in internal agreement.
I called to the agency. The agent say they only selling the developer balance unit and Developer don’t allow subsale before VP…..
Internal agreement? will the law system allow that? U already hv snp agrwemwnt with developer..can u have other agreement supersede the 1st agreement just curious to know..still got balance unit i thought all finish already..i better give developer a call
So developer having hard time to sell, giving commision to subsale agent to find buyer.
Must be worst developer.
@Rich or Poor
developer is not doing any selling. the one & only agent will do.
Hi guys. Does anyone sign the agreement?
I notice 2 block from different lawyer.
My unit need to pay more around rm400 compare to my friend, 10 floor higher than me.
After clarify. They start to cancel this and that. But still doesnt make sense.
Im lower loan amount. Better -blr.
anyone experiencing this?
You pay 400 for what? By the way, i just read the thread regarding the disbs & ics issue. Central Bank had came with new circular. The new circular, effective Nov 15, which strikes at the core of Developers Interest-Bearing Scheme (DIBS) also includes all other schemes in which interests are factored into the cost of the house. How does this affected this project?
dibs is still beared by developer for this project.
i have sorted out with the agent. it seems like some miscommunication between them and lawyer. they will rectify the discrepancies in the amount to be paid to lawyer. luckily i have friend who bought signature but opposite block, as price reference.
Unfortunately I have no fren for reference, do u mind to share what is the discrepancies? mine 1 need to pay more around RM800 instead of stamp duty 0.5%.
The biggest drawback of this project is their panel lawyers… The lawyers can’t even explain the basic things like fee breakdown…. There are a lot of inconsistencies… Hope the developer can intervene to ensure the buyers are not victimized by the unprofessional lawyers… The whole good impression created by the developer can be swept away by these unprofessional panel lawyers…
Dida anyone take loan with Maybank? Why the banker said the Maybank still not sure about the DIBS scheme for this project?
Hi there, pls advice how much you paid for the stamp duty for your loan
i’m paying almost 3k
Hi @Manjasures
Are you an existing owner? Which unit? You look like a newbie here….
I oso pay around 3k.. Pls ask the lawyer for detail breakdown and counter check with developer…
I pay around 3k for loan disbursement (include the stamp duty 0.5% for 400K loan).
Thank you Addictors, Lam & Sky for your advice. We booked 5-2 unit
Hi all.
Im a new interested buyer and just paid the booking fee last week. i asked the agent to clarify about the free legal fee, and double check it with the lawyer…the legal fee will be beared by the developer. the buyer have to bear stamp duties and other disbursements (eg title search bankruptcy searc etc etc) which is around 2.7k-3k depending based on loan amount..am i correct?
can we go for our own lawyer instead?
but i also understand some bank do incorporate the stamp duty cost under their loan package. do anyone know which bank doing that?
thanks in advance
You can ask AmBank. They offers quite good package. Regret I already take xxxbank. Cause me headache. Damn.
thanks wanmohdrafiq
do i stand for the DIBS pacakage since the govt already change the ruling? the agent told me to get better clarification from the bank? do ur bank still have th DIBS package.
thanks again
One thing you guys want to check is the loan amount they used to calculate. It must not include mrta. Which happened to some ppl. They include it.
Misc charges need to be itemised. What is that for.
Some lawyer do have service charge 5%. Some don’t. ..
Can we have our own lawyer instead the developer appointed one?
One things we need to check is the amount used to calculate must exclude mrta. Which happened to some ppl, they include as your loan amount. Which causes addition rm80 plus.
misc charges need to be clarified what is that about. Itemised it
some lawyer have 5% service charge. Some don’t. .. I dont understand this inconsistency
can we change lawyer and not using the developer appointed one? I’m very unhappy with their arrangements
Honestly what i’ve compared between Prominence VS Signature.What i get:
1) Prominence quite a lot units compared to signature. Signa is more privasi
2) SQFT : Prominence is more spacious VS Signature ( 1276, 1507 VS 1087, 1195)
3) Facilities (Promine > Signa)
4) SkyBridge ( Promine:Floor 27th&28th Skylouge, Skyreading area, Karaoke, Skygym VS
Sign:Floor14th SkyGarden only): View Promi is better.
5) SPA & LOAN ( Promi free all include stamping VS Sign need pay loan stamping)
6) Syiling height ( Promi: 12M VS Sign 10.5M ( exclude plaster syiling) If Sign include p.syiling
(I think around 11)
7) Balcony (Promi around 4X10 @ 4.5X10, i measure myself) Sign i duno…but i’ve seen,
smaller than Promi
8) Car Park: (Promi: oly 1500sqft @ floor 20th above got 2car park. Sign: 2 car park) Sign is
better
9) Latest price ( Prom:1276 & 1507sqft left units around 450-5xxK above. Sign: 1195sqft
>500K above but got provide all furniture ( Honestly designed by ur own not cost u too
much, somemore u get ur own design)
Above is oly for reference purpose and for discussion oly. Im not developer and agent. Im property seeker and compare to this two property only.
Any discussion is well welcome.
Yeah, there is 5% service charge as well! May I know this 5% is based on what amount? I cant get the actual figure of 5%!
I don’t know how they count as well. Don’t know why other side no need service charge…
Not sure if developer is rectifying the issue or not
And miscellaneous of RM50 charge as well! Did you guys notice it?
You better confirm with your banker. For my case, already caused headache since the HQ xxxbank still pending the DIBS approval. Im going to sign my SPA tomorrow by till now the bank havent come out with a concrete answer yet. So as per now, i can say I am not entitle for DIBS for this one. Better confirm well with bank and the developer/agent, wether they have a strong and good understanding regarding this issue.
@Fair
8) Since when The Signature gives 2 CP?
@Fair
Fair,
So, finally who wins ? Speculators, marketing agents, developers win lah. Genuine buyers for own stay, late birds, slow birds lose lah, he, he.
Ok, add-on: Prominence developer is new, 1st time, didn’t build anything before while Signature said they’ve built hotel, port, bungalow before and condo now at 12th floor liow.
Prominence to be completed in end-2016 and Signature in end-2014.
Signature has higher chance of DIBS just in time vs Prominence.
ok, ok, looks like Lin Dan vs LCW. Just that who you rgd as Lin Dan and who you rgd as LCW, and who do you support., he he. I support Chen Long, he he.
my banker said if they submit after the dibs announcement, most likely no dibs coverage. those early bird should have the dibs. but the rest of it may not have. subject to how your banker want to “help” you. not 100% sure about this though… best is to ask for more banker opinion
@booka
8 ) since when the signature offers 2 CP?
if the agent or developer had promised u that this property is under DIBS, why worry.. so far that i know govt will still allow DIBS scheme if the APDL for that particular project obtained before the announcement. but u have to sign the letter offer before end of this year
@BM Observer
haha…u r rite BM observer. Yes, Prom is the first time built property in Malaysia. But wat i found out is confirm IJM got join this company and got 20% share. I think IJM not simply join other company if this prom company got problem…hahaha. For sure…yes IJM also 1 2 earn $…but they wont so silly simply join the “empty” company without investigation lo…duno my justification rite not…haha.
I also agree with the comment that this Sign is just opposite Mosque and i found out that it’s built behind the Sekolah Kebangsaan’s field. Everyday Sign resident will hear the “ring’ring’ring” every 30min. Somemore…i think will trafic jam once student go back home..
But promi also got few problems: there is a block of low cost flat built opposite Prom. But i think the distance around more than 500M…….stil can accept. Somemore i ask the sales person he told me they wil built a wall to block the low cost flat to c the promi’s view. But only half wall…height (duno)
one think i like the Prom concept is the sure will invite the F&B to come in the shop for 3years. And they will sign contact with the shop owner for 3yr. I think they already got the planning and will bring the F&B come in to make the area popular. I ask them how much they must pay to shop owner and they told me is 6% of purchase value ( 1.2MIL above).
So mean that around 70K per years developer need pay to shop owner. SO i think developer wil not make stupid decision if they not well plannning. Developer wont be so silly to pay 70K to so much shop for 3yr for “Free” lo…
so…both got pros and cons. Depend on how ppl c and justi….hahahahaha
U r …developer win
@wanmohdrafiq
I recently ask the developer and the sales ppl told me got 2cp…duno true not.
And the price is RM500K above jump….wah…really scary…simply adjust the price.
Honestly…if RM500K and only 1195SQFT…i think is not worth.
With this price we can buy penang island new condo.
i search mudah new condo…I think the triangle is only RM515K and OC soon. Location is good.
Developer only concern for higher profit.Once the c got ppl chase to buy…hahaha…sure they will simply up the price.
For this unit only got 144units…sure wil quickly finish sell.
fair
u sure the price is 500k above?
last time i went during launching there all below are below 500k. the top most corner unit 490k++ and that didnt inlcude 5% developer discount to lower down ur down payment.
@lee
Just call the sales person and she told me more than RM500K already….duno she got hiding anythg?
Just passed by jalan baru today, the progress is termendous. external plastering and painting for level 1- 10 is completed..look very grand like those condo in mont kiara.. structutre now maybe level 18..my 1st home will complete soon.. cant wait
wahh just read comment from some prominence hardcore here….the reason i chose signature over prominence bcoz signature completion is next year whereas prominence is 3 more years. many things can happen in 3 years.. somemore there is no progress there…another thing i dont hv to worry about doing renovation . plaster ceiling and cabinet is already there..hard for me to do the renovation by myself bcos dont hv enuf capital .summmore might get rip off by those gangster renovator…hehehe, peace..
@Fair
Prominence promised too much, use IJM publicity too much also, worry it may end-up like BM City Mall case. IJM, so what ? Signature also has a lot of cons too.
Yes, both developers win !, simply increase prices !
many cases where developer who dont have enough capital will get stuck in their progress …if the multistorey carpark is below the condo, they have to complete the carpark structure 1st before banks can disperse loan for the next stage of payment when the structure reach the house units..talking about tens of millions of in capital for 5-7 storey carparks. thats i rather chose unknown developer with stable financial rather than unknown developer with not known financial background….that is happening in BM cities condo
Now I really doubt u went to mont kiara before..Signature is good but pls la don’t puji like no tomorrow.
@Fair
At first time heard about building a wall to block the low cost flat to see prominence view, it sounds great, but, if you search your soul again, this is bad, this is discrimination against the poorer ppl. After all, the low cost flat is also part of Prominence project ma, to be build by same developer ma, not simply build there afterward by other developer ma …..sigh !!
hope the F&B shop concept can be realised and successful.
@Chocolate
Then have seen and went into Mont Kiara condo before also? For signaturelover, he could feel it looks like mont kiara condo.. Maybe it’s just not for u..
@Not Fair
Then may I know what is the cons tht u could find in siganture?
@Fair
Well, more than 500k is for corner unit… And tht’s I guess not deducted the 5% rebate yet… If not mistaken, intermediate is less than 500k… Don’t listen half and not listen half and then have your own conclusion for the price
@Fair
R u sure the triangle is only 515k? I would like to have 1 as well if it’s really true. Coz as I know, the reflection already selling almost 680k- 700k d…. Not to mention their prime property “the triangle”
Signature is the most luxurious condo in mainland and among the best in penang…. Can be compared with the condos at mont kiara..
Oops..
Hi InvD76,
Welcome back. Where have you been ? Wah, the moment you come back, you shoot at everybody lah, dun lah like that. I know you need to do your job, but steady lah, ok.
Where is Branson, your partner ? At least wkl is more polite and full of info, lately. Actually, i always look-up at three of you as defenders of Signature. Signature is the best ! (Happy ? so, pls don’t shoot at me lah).
Can you compare Signature to Wellesley Residences ? No way you can
compare Signature to Wellesley Residences. Wellesley Residences is the
best in terms of location and luxurious living in mainland Butterworth.
is nothing compare to
Signature looks like mont kiara condo is my personal opinion. Maybe dont look like exactly..but i notice that one condo behind egate.. looks identical in term of design
lol…original unit look like so so only and balcony face to mainland no seaview, if look the building nothing special just L shape 1 block, how to consider best condo in pg? ==
Just finish reading all 468 comments. Majority are positive comments.now become addicted to this blog oldi..releifs to know that..this is the biggest decision for me so far..wellesley is out of reach..though look also luxury and got hotel coming up beside there.
What a terrible joke…
Because Signature provide them the kitchen cabinet and the big size of mirror mar, so they feel proud now by saving those cost..I still prefer Prominence anyway..hahah..
Not saying Signature is not good; it’s good too and every projects always have pros and cons. In property forum, you have to remember many of those very positive and praises comments might actually from speculators, sales agent of developers disguise as buyers that will deny, defend or cover-up any cons at all cost. So, do your own research by visiting the sites and talk to others too. Genuine buyers for own stay usually will talk about pros and cons and not afraid to voice out any dissatifaction. Congrats for becoming a buyer but don’t be too quick to become a fan or obsess with it yet. Cheers !
hi BM observer
heard that u miss me. since u regard me as signature defender..so i just admit it.. i have to make sure my investment is well protected and counter all the negative comments ..btw, are u a full time blog commenter here? must thanking you for always giving wise advise / opinions
Chocolate
u seems like regretting buying prominence? no worry we are neighbors. if the signature price appreciated , prominence will also follow suit. unless u buy there for your own stay, u need to fork at least rm70k for the renovation and take all the hustle to select and appoint all the competing gangster subconts.
and for those who pick on thesignaturefan
what was your guys’ first property? better than this? first house buyer usually really proud of their first property. to own a 400k++ for a first house is quite an achievement.
and signaturefan let me assure u, if you were looking for a condo at butterworth area, at this time with that budget, this is the best so far.
@wk..lol, good defense..i bought neither S nor P..
Okla, good pick for S, at least u own a luxury condo with full furnished now..Regret also too late liao..Smell like sour grape? Ohh whatever.
Bad location and environment.
Choc
i thought u buy the P..P is also good .. but the timing for completion doesnt suit me.
Hi community
perhaps u should look for SP setia Battersea for best location and environment
@wkl
no lah, i’m not full time blog commenter here, no need to work meh. i’m buyer for both S and P lah (but i don’t consider myself owner yet as legally bank is STILL the owner ma, payor only). So, double the ‘kan cheong lo’, double the anxiety lo. However, i stay neutral ma, knowing well both S n P pros and cons. I also refuse to become projects’ or developers’ fan or their agent lah. Let positive/negative comments flow lah, some are truths also ma, then only we can know the info ma. Cheers !
Congratulation. Which floor you took?
Guys, I still regard this higher than the harbour place or Wellesley…. Congrats to all the wise owners… U guys going to reap a handsome benefit…
Wan Mohamed, which is your unit?
@Lam
Yes, you can do or say what you want. That doesn’t change a thing that
Signature is located in a bad location and environment. Please remember
if you ever say that again, you don’t say it in front of the public. People will
have a good laugh at you.
@Community
ya, agree, Wellesly is much more better than Signature, those who buy here may regret after move in, noise & air pollution area.
@Truth
Shineville park is the best no matter what! Way much superior then this lousy condo on a lousy plot of land on a lousy location.
truth of truth
when u make comparison, pls compare it apple to apple. shineville is an LMC is congested air item side of penang island, signature is in butterworth..it would be wise if u compare it with those LMCs in Macallum..same density , same traffice.. if u think it the best condo for u, than good for u. otherwise u will sound like a sore loser here.
DX
Wellesley’s location is not better either.. surrounding by squatters and now turned to rohingya burmese refugee camps. Not to mention 40 footer container truck from the port…oh ya there is one foundry nearby there who release big yellow smoke every now and then…that smoke can be seen as far from the penang island…
@InvD76
First i already mention that the price is told by sales person.By the way, i never say it’s confirm 500k. i mention that the sales may be hidden smthg i dunno. Pls take note and c all the comment before put any conclusion….appreciate it.
Bought 1 unit at level 15. Who is my neighbour?
@wkl
If you said the design and density looks like lowcost flat that is improper.
Just tell me where to get a LMC unit with balconies for the bedrooms and
living hall ? The built-up of the units are bigger than units in Signature.
If you are talking about the distance between Signature and Wellesley is
just 5-10 minutes away, you can only reach within this 10mins between these
two places if you are the only driver on the road and all the traffic lights have
to be ‘green’ in colour. It’s the place and community at large that will decide
the preferred location and pricing not your own preference and suitability.
This is the best condo in terms of facilities and density…. No comparison can be drawn…. Let’s reap the benefit
Let’s go out there and make money $€£¥…. This is a perfect and absolute money making investment…..
relax mainland..
i told u i just being cynical about shinville..
and as for wellesley . there is only one traffic light (or maybe two) and a toll gate that distant this two properties apart..
look at the bigger picture..we should be hoping that shinville, signature and wellesley and all properties in penang generally will appreciate further..lots of people make a fortune in property investment for the last 5 years .lets hope the situation will continue for more years to come.
ive done a number of properties in the island and personally think that the price now is reaching maximum ..now have to my broaden my horizon to mainlands properties where there is still lot of room for price appreciation ..
@wkl
invest Wellesley or Shinville sure make money but not for The Signature, noise pollution such as railway train , mosque prayer speaker early morning & heavy traffic(jam druing peak hour) of Jln Baru, indirectly create air pollution. The Signature Avenue in front create more narrow road access to condo, the school beside the condo also create jam during after class session. I agree it is cheaper when compare with Wellesley, but just pay little extra of RM20k could buy better quality living environment, furthermore i trust PJD quality work, prove can be seen from Seaview & Ocean View.
hi DX
u sound like PJD staff who are desperate looking for buyers to increase the take up percentage for newly launched woodsbury….is not that i dont want to consider PJD development..its too pricey for me..not worth for investment.. but anyway should have thank PJD becoz setting up new price benchmark for condo in butterworth…
@wkl
i m not PJD staff & never mention about Woodsbury, i am buyer of Wellesley, and all units of Wellesley sold out. Woodsbury sales is not good because too expensive selling price & poor layout design. Subsales of property market starts decline, i buy for own stay, before making decision to buy last unit of Wellesley, i also consider The Signature (because cheaper price), due to location & surrounding factors, i choose wellesley.
Some people are just busybody..condemnig the signature for what? Unless u got ulterior motive
yes u right fffa
if im so satisfied with my current buying …i wont go around say bad things about other people condos…unless i envy them for not manage to get a unit there..
After the completion, usually the facilities will be take care by the developer (maybe one year?). Then there will be a GMC among the residence to appoint the management for the condo. So mainenance fee 0.2cents/sqft might change (lower or higher) after decided by GMC? Am i right? Please correct and comment. Thanks.
My understanding is the same
Every buyer will consider the pros and cons before purchasing a unit regardless for investment or own stay. Thank you for those people who concern and keep reminding us the cons of this project. However, we trust our choice and hope you could respect us.
Thanks
Hi jamjam
I agree with you.
@chua
im 15-3
Bought 1 unit at level 7. Who is my neighbour? 😀
Why buyer cannot pick our own car park? Perhaps on first come basis? Im not satisfied with my car park unit. Too far from lift. Some more I have 1 baby and 1 toddler. Hard for us. *sigh
@kisho aroto
Great! I’m your neighbor in the other wing. looking forward for the happy neighborhood in The Signature!
@Michelle S
I’m on level 7 too…What’s your unit#?
@Manjusures
Thank you… What is your unit number? We will be neighbor soon:)
@wanmohdrahim
What is ur unit number and parking lot number?
i am level 20
may i know how is the car park level looks like? my car park is level2b…
is that start from 1a>1b>2a>2b>3a…. ?
Any 12floor neighbours here?
u will need to go up 3a or either go down 1a to get lift.
I am at level 13 (12A). Car park is at 3B. Mileeesssss away from lift. I did told the agent to arrange the car park for me because I have a baby and todler. But seems like my request was thrown away into rubbish bin. Damn.
After signing SPA, you guys wait how long to get you copy? it’s already almost 3 weeks since i signed SPA but still no one call me for the document collection.
@wanmohdrafiq
I tot carpark auto arrangement based on the house… if everyone same like u requests for special arrangement, then I think they needs buy a big piece of field as carpark instead of multi storey d..
Nope. I had seen the list. Some of the buyer from my level get different floor. Some of them even got parking at ground floor. I looked into detail the arrangement is not based on running number for each unit. Don’t know how they made the arrangement. I did made a request because last time when I made a visit to other property, buyers can pick their own parking lot, as first come basis. Just asking. Since no charge will be imposed.
Nope. I had seen the list. Some of the buyer from my level get different floor. Some of them even got parking at ground floor. I looked into detail the arrangement is not based on running number for each unit. Don’t know how they made the arrangement. I did made a request because last time when I made a visit to other property, buyers can pick their own parking lot, as first come basis. Just asking.
I’m at level 7….. Who are my neighbors??
@Wanmohdrahim
Guess we have to accept the car park allocation…. It’s probably too late to complain and as to be changed… We should have done this much earlier.. I’m on the same boat as u but just sign SPA..
just signed SNP, both car park side by side, floor 3A
hi all,
Someone is using my ID to reply.
Why you are using my user name?@Jamjam
Guys, heard that there will be a special gift from developer upon stamping the SnP… Anyone know abt the gift?
Huh, where u heard it from ?
From those already signed SnP
Why I dont get it? and what is the special gift?
Can b considered, nice condo facilities eg dwimming pool, basketball court, tennis court etc. if down payment is low with rebate, may attract more youngsters…
Any one know how much for penthouse? Still available as at 6 Dec 2013? Tq!
I signed the snp in the developer office..saw many gift boxes but they didt want to reveal what is inside..the counter clerk said it will be pass to buyers together with stamped copy of snp..
Don’t get excited to much. Probably it is just a towel. I heard it from my lawyer during signing session.
My fren signed for a unit, price is attractive ! Cheer ……
I was told the special gift will be like a 5k rebate..!
@Alan
You must b kidding…. Where u get the info abt 5k rebate?
My first investment at Prai area.I just booked a unit and shall pay deposit tomorrow. After reading through all, may i know if the loc really bad n noisy? The agent told me 2 free car park, dibs, free legal fees on S&P. They have 5 appointed banks….just wonder can we appoint our own lawyer and banker from the 5 appointed banks?
I believe we could appoint our own lawyer ..
Anybody has any idea about AMBank loan offer package? Appreciate you could share out if u are one of the borrower..tks
appoint own lawyer = pay lawyer fee urself
can we still get 8% after early promotion..now only 5%, and they also increase the prices, with 2 car park instead of early bird only one car park. But compare with early bird the prices now increase nearly 30K…
Ya, lalazai is right no point to appoint our own lawyer, i will stick to developer ‘s lawyer..will look for best bank loan package instead
Hi, i am banker from ambank. You want to know more about our package? Can drop me a call at 0165513468 or ah_boon7789@hotmail.com. . As at now, our end financing for this project full already. Waiting for extension. Tq@BB
Tks Boon ,
what is the rate offer by Ambank? BLR-2.5 …
Hi, our rate are up to blr-2.45 with purchase of mrta, without mrta is up to blr-2.4. Have you applied for loan already? Tq@BB
i am in the progress of applying loan right now for comparison, shall call u for some discussion. Tks Boon
mr boon
are u one of the panel..do new applicants still entitle for DIBS
Ok. No problem. Thank you very much@BB
It depends on bank. Different bank have different policy. Our side still can DIBS as at now. Tq@fffa
Good news, but we require to sign the offer letter before end of Dec right?
Yes, you are right. Application before dec 31 still entitled for DIBS@BB
Hi interested to apply for bank loan? I am banker from ambank. You can call me at 0165513468 or email me at ah_boon7789@hotmail.com tq@Newbuyer
Just placed a booking in the agency office today. Quite confident with this buy so I’m sticking to it despite all the bad comments (mostly by rival agents I assume?). Had much thought vs Prominence because it’s from a Taiwanese developer right? Felt that somehow Prominence did not give me much confidence. Plus my dad knows about Signature’s developer’s company so it gave me more confidence.
Personally I prefer Signature’s low-dense layout. Not that ‘chap’ la right? Plus I’m still kinda young so the upgraded packages will save me loads of money. Aiya don’t wanna think so much liao la since already placed a booking. Quite excited though!
@kk
What floor you did you booked? What is the price right now?
Congratulation. Which floor is it and how much it costs you? Don’t take it wrongly. Just to know the current market price.
Getting new offer from Maybank BLR – 2.5 hahaha@Joan
I would say this is the best deal so far. May I know how long is the lock in period? and is MRTA compulsory to get this offer?
I would say this is the best deal so far. May I know how long is the lock in period? and is it MRTA compulsory in order to get this offer?
hi may know any buyer under early bird promotion with 8% rebate and may share your purchased price with two car park..I read previous commend the price increase nearly 30K after early bird promotion..their marketing method quite unfair to potential late buyer after oct like me
8% equivalent to about 30k increment is consider normal..so can expect there will be more increment if nearing OC
Many in this forum are early bird buyers. Read thread 151 to 155 in pg2 for past info. During early bird promo, 2nd car park is 20K with also 8% discount. If you buy after Oct, you’re not early bird anymore, but price will still increase thereafter you buy. In Msia, developer pricing/marketing method is unfair and greedy in nature, that’s why so many ppl want govt to curb and intervene. Also, that’s why so many ppl forced/rushed to become early birds, buy even quicker than buying groceries/clothing !!
Anyone take snp? What is the so called free gift. Towel?
Are there any black and white that maybank can offer -2.5? If no dont give any false hope to others. All I know maybank just can offer 2.40 only. Thanks.
Contacted maybank account manager for signature. She said mbb highest approved only 2.4
I hope for 2.45 also she said impossible. 2.5?
2.5? Come on, loan less than 500k..u got 2.4 also smile d…i did ask, 2.4 also subjet to branch manager approval..
What is the free gift from developer?
Hi Everyone,
I have a unit to let go. Here are the details:
– This is because of some loan complications on my end.
– The price as per developer is RM435,460 with 2 cp. With 5% rebate is RM 404,187 and DIBS if you sign SnP before this Friday (20/12)
– I am not agent or making any profit from this, just letting it go. There is no hidden plan from my end.
– The unit is intermediate unit above 10 floor
SMS / call me on 0166307725 if you are interested.
Collected SnP. Bought over 400k condo, and the free gift is just 2 towels put in a very nice big box. (-_-0) I was hopping to get some electronic devices at least…
ahahaha i also got the signature towels .. thought of getting free rebates or furniture voucher..
I collected just now also. .. mcb the box more nicer than the thing inside. Give la ipad air ke. Furniture rebate ke. Sure many store want do advertising for their store, no?
Thread silence for 10 days, how come developer haven’t call to collect SnP ? Lawyer fees and deposit cheque already cleared….. >waiting<
I just sign SnP but in SnP didn’t stated the brand of refrigerator Air Cond, when visited show houses agent told me buyers will get what we see like air cond is topair local brand and refrigerator is Japanese brand. I knw is small things but I just don’t want get ca pa lang brand later. They said many buyers also ask the same questions regarding the brand before.
Other things is the size of swimming pool is what I concern about, like the TI project the luxury condo become pangsapuri and their size of swimming pool like small fish pond and stiill need to pay high maintenance fees, many buyers of TI project cry ald…
@ck
Agree with you. Just hope the developer is sincerely want to do the best for buyers, not like other developers join the property price raging party just for kang tao only. Like the developer you mentioned, luckily I sacrificed my booking fee last time and escape the problems.
went to site just now. i think they are on 18th floor now
reapfield is pending one more letter from the developer for us to sign. snp is ready, but you need to go back to sign the letter later on. so, doesnt make sense to collect snp and go there again to sign letter. i have collected the snp, but need to go one more time when the letter is ready.
CK,
Of course, SnP won’t state as details as possible to avoid any lawsuit and legal claims ma. SnP specs and items in Schedule 4 are so simplify (from almost all developers) that i wonder whether meaningful (useful) or not. So, just have to trust and have confidence in the developer that you have chosen. Somehow, I sense the sincerity from this developer and their marketing agent compared to others.
San,
Go and get back your booking fee from that developer. Legally, developer cannot receive any payment (not even booking fee) if not signing any SnP. Collecting booking fee, etc are merely common practice (good for both sides), so, there is no question that the fee must be refunded if you’re not proceeding with SnP, otherwise it becomes a form payment (and illegal) to them. Report to consumer tribunal if you must.
Happy New Year everyone.
Thank your reply san and bm observer, ya we hope the new developer can do their best for customers and their first resident project ..
I trust d developer….
@BM Observer
But it has been for a year already wo. Some more they let me sign a form that I agree cancelled my booking leh. Still can get back kah?
@San
A year already never mind but you have to try hard lo. That’s why they let you sign the form to make it appeared legal that you were okay to cancel the booking and be forfeited the booking fee. You may need consumer tribunal kind of force to get it back. Start by writing them an official letter in black and white to demand the refund. Good luck.
slightly out of topic, if u bought a non-bumi units accidently (Bought it because the seller previously did not mentioned (he say forget :S) and the agent did not realized this as well). Now, can we sue either seller or agent ? Because loan already approved, and lawyer fee alraedy paid as well for buyer side..
@joan
This is interesting topic. You mean bought bumi or non-bumi unit accidentally?
Anyway, yes, you can sue them, name the seller as defendant1, the agent as defendant2 for compensation for loss if you can establish there is a loss incurred due to cheating.
If the intention is to cancel the purchasing, then no need to sue lah, go for simpler legal process. If SnP already stamped (inforced) but Loan agreement not yet stamped, then negotiate with the seller and lawyer for refund and lawyer to prepare a Rescinssion (spelling not sure but from the word Rescind, means repeal, cancel) Agreement to cancel the SnP, otherwise seller will face lawsuit. Write to the bank for cancellation also.
If Loan agreement, PA, DA, Charge already stamped, then wa lau eh, much more complicated lo, pls see other independent lawyer also. Good Luck.
i thought seberang side got no bumi quota …all units can be subsale to bumi or non bumi
BM Observer thanks.. is like this.
1) bumi selling bumi lot without declaring is a bumi lot. Agent dunno this as well.
2) alrady decided to purchase and paid 3% for the unit secure.
3) bank approved loan and accepted by buyer.
4) seller just declare on bumi lot..
I dun think this place suitable for this discussion, u have email instead ?
@joan
OIC. In general, avoid sue case cause no need to go for such tedious, lengthy, costly legal battle ma, in my opinion. Use other simpler legal means.
1) In Png state, bumi lot can be sold to non-bumi with proper supportive documents. In Kedah state, not allowable. So, do not too worry if the property is in Png state.
2) If SNP not signed/stamped, that 3% (consider booking) can be asked for refund lah.
If SNP signed, surely 10% would have to be paid already.
3) Offer letter signed is fine. If certainly no intention to proceed buying, quickly ask the bank/lawyer to hold it from further processing, otherwise, buyer may subject to penalty x% based on offer letter if too late. In general, bank is considerate to waive the penalty if reason to stop is not due to intention to accept other bank’s better offer or not-serious when accepted (play play only).
4) Ai yoh. Lawyer also did not aware initially when handling documents ?
What are the lawyer advices ?
You give me your email lah, i email you then. My email username is so funny one that ppls will always laugh at it (so, paiseh ma).
@joan
reply you already but my comment is awaiting moderation.
still waiting
anyone know our snp already stamp or not?
Stamped.
RPPG had called to collect SnP.. Finally
had anyone change unit after singing SnP, what is the procedure and cost involve ?
what is the progress now? I passby there n saw the commercial shop has almost done!
information I heard that the progress already ~ 50%, now at level 17th. estimate completion by end of this year
How is this developement?? how many floor consider high floor ?? I buy on 7 floor, consider high or low?? thk
hi all, did lawyer firm call you (left wing) go to their office sign again the loan agreement, they said under Bank Negara new rule property price below 500k using new form, so buyer need to sign the new one..why they didn’t told us earlier, do twice work, so trouble..
No, I dint receive any call. Is this their mistake?
hi vincent12, they said all buyers except cimb bank need to sign again.because bank negara need new format of the loan agreement’s documents.. only cimb bank use the new format ..youo use cimb?
Did any1 know the price for the 2 & 3 storey shop lots.
Is there any facebook group for the signature owners?
ck, i use Maybank, nobody call me to re-sign the loan agreement yet.
already stamp… how to redo again?
hi khoo, curious? the layer clerk said all buyer need to go back to resign..may be can check with your layer?
Im using ambank…nobody call me too
@michelle s
Craving for it, u may start the group and post the link here….:-)
I just created the group
The Signature – Owner is facebook.. welcome
Hi khoo, vincent12, signer, Joan, may know your unit is left wings? with no. 1-3..and the lawyer firm clerk is ms yusniza rigth..I am going to ask them why only me need to re-sign the loan agreement..my agreement and SnP also stamped as well