Malaysia Real Estate

snowgirl · Joined: 08 Jun 2009 Posts: 21

Regarding loans, have done a bit of checking around with the banks, and the best rate in town is, OCBC. It's currently offering BLR - 2.4. Second best is CIMB bank. Cool

escloyreal · Joined: 04 May 2009 Posts: 35

Yup! Spot on! OCBC offers the best rate but non zero moving cost and non full flexi. I have got offers from HLB and PBB too, they offer zero moving cost, full flexi and rates are very competitive too, I have dropped CIMB due to some feedbacks I got from friends. Now I have shortlisted to OCBC, HLB and PBB but have not decided which one to go for...

Any comment on full flexi vs. non full flexi loan?

snowgirl · Joined: 08 Jun 2009 Posts: 21

no other updates for quite sometime now Sad

escloyreal · Joined: 04 May 2009 Posts: 35

May I know what do you mean by that? Are you taking up any loan? Is everything in order now? So far have you checked the progress of the construction? I've got no idea how many % completed as of today. Do you think they will halt the project?

snowgirl · Joined: 08 Jun 2009 Posts: 21

hi,

has anyone went to sign the S&P already... gosh the stamp duty is pretty high huh... + registration fee + disumbursement. If only Tanming would bear these costs as well... Sad

escloyreal · Joined: 04 May 2009 Posts: 35

That was for MOT, individual title ownership transfer, owner has to pay as far as I know, developer will bear the stamp duty and fees for S&P. Some of the developers actually bear the MOT as well, which is good but they will factor that in the property selling price. As for Meranti, I suppose that was the reason why we were given 20K rebate.

Cheers!

snowgirl · Joined: 08 Jun 2009 Posts: 21

Hi...

ummm, not really... owner needs to bear the cost of:
1. Stamp Duty (For calculation, go to this link: .://..jpph.gov.my/V1/kira_dutisetem.php?versi=1 )
2. Registration Fee (Price varies depending to value of the house)
3. Disbursement

Hi escloyreal, may i know if you have signed the S&P, if i am not mistaken, you have booked much earlier? Normally, there's a time limit or something between booking and signing S&P?

By the way, drove there on Saturday, and there was a looong jam, going up the ramp. To top it off, 3-4 traffic lights to reach the Tanming Junction. If only they could get rid of 2 lights at least ;p

Other than that, the project seems to be going on smoothly...

escloyreal · Joined: 04 May 2009 Posts: 35

Hi Snowgirl,

Well, I just signed my S&P last Sat, I have requested to extend the execution of SPA twice due to the loan thingy and as a purchaser, you have the rights to do so and normally you have up to 3 months. Developer of course would like their purchasers to execute the SPA soonest possible to confirm the sale of propoerty. I trust that you have signed your SPA earlier?

In order to get rid of the heavy traffic going up the ramp, I would suggest that instead of turning left to the overhead bridge, you drive straight further until you pass the Petronas and there is another overhead bridge, go up there and make a right turn, drive all the way straight until you see a T-Junction, turn to you right and go straight until see another traffic light, turn left, there you go, back to the road to Meranti, by doing that, you will bypass the long jam...hope that helps.

Yup, I went there last weekend too and had a look at it, seems going well so far...

Cheers!

lkyeong · Joined: 26 May 2009 Posts: 11

escloyreal · Joined: 04 May 2009 Posts: 35

No sure if the developer will commence the construction of Phase 3D as stated on their plan...

In general, I personally think that Puchong definitely needs another shopping mall supplying higher rank products and merchandises in order to boost the market there, IOI Mall's concept is still way too far compared to other shopping malls around judging from the design and the merchandise outlet available in there, parking garage is still with old concept and limited entrance to basement car park, sad to see that...

tanhc · Joined: 06 Jul 2009 Posts: 14

Hi, everybody.

I have just booked a house in Phase 3C and just known my loan has been approved today. I am so proud to become the resident of TMJ.

The reasons I buy a house here because of the nice layout, spec, & design. I have looked around the houses in BK9, Tmn Mutiara Indah Puchong, Bdr Puteri, etc. But the phase 3C of TMJ really impressed me. Without hesitating, I booked a unit there.... love in 1st sight!!!

However, 1 drawback is TMJ phase 3 is very close to the industrial area. I notice that the tile factory emits gases. I have reported this matter to DOE. Below is the e-mail replied by DOE. Hopefully, DOE will look into this matter.

From: Penguatkuasaan (aduan_k@doe.gov.my)
Sent: Monday, 6 Jul, 2009 2: 08 AM
To: huei_chyuan@hotmail.com (huei_chyuan@hotmail.com)
Cc: aduansel (aduansel@doe.gov.my); Noorberi Yusoff (nby@doe.gov.my); Lee Choong Min (lcm@doe.gov.my); Ir. Lee Heng Keng (lee@doe.gov.my)

Salam sejahtera, Pihak kami mengucapkan terima kasih kepada tuan di atas sikap mengambil berat mengenai alam sekitar dan akan mengambil tindakan segera berhubung aduan yang dikemukakan. Untuk makluman, aduan ini telah diperpanjangkan kepada JAS Selangor bagi tindakan susulan. Kami akan segera menghubungi tuan sebaik sahaja menjalankan siasatan di lapangan. Sekian, terima kasih. Unit OperasiJabatan Alam Sekitar Putrajaya

escloyreal · Joined: 04 May 2009 Posts: 35

Hey tanhc, welcome to this forum and welcome to Meranti. May I know which unit have you bought? I bought an endlot. Thanks for your action on the ceramic factory thingy...

Likewise, I find that Phase 3 is among the best so far in Puchong, impressive design etc, just hope that area will boom say in next 5 years or so...

tanhc · Joined: 06 Jul 2009 Posts: 14

I only know my unit no. is 22A, on the last 3rd row of Phase 3C, facing north.

Surprisingly, the DOE ppl called me today. They came to visit TMJ and check the air pollution index. The report will be came out later. Huh... DOE is really efficient!!!

Hopefully, the gases emitted from the tile factory is not harmful to health.

escloyreal · Joined: 04 May 2009 Posts: 35

tanhc,

Well done! I have never thought of that although I had concern about the white smoke emitted from the factory, may be before I bought the house, I was convinced by some of the existing residents there who have been living there for more than 1 to 2 years, anyway, thanks for your proactive action!

I am just wondering how is the committee going so far for Phase 3C, I would like to take part in the committee to exchange knowledge and ideas to ensure tighter security. Not sure when is the developer planning to hand over the security management to the local committee, we need to pay RM100 or RM120 (do not quite remember) to the developer for the security service and once we take over from the developer, I am sure we can do something to reduce this monthly cost? Hopefully but I do not mind paying if the service level is maintained and continue to have zero theft case...

snowgirl · Joined: 08 Jun 2009 Posts: 21

welcome tanhc! and thanks for your concern on the air pollution! Smile

by the way, i have just paid the deposits for water and electricity - YEAYYY... it means Phase 3C will be completed soon!!! heard that the colour in the front portion (greyish) will be slightly different than the other phases (will not be that noticeable i think).

One more thing to add - McD 90% confirmed to open at Petronas - hopefully it happens!!!

Hope to get more updates soon! Razz

tanhc · Joined: 06 Jul 2009 Posts: 14

I have just received the letter from developer to pay the deposit water & electricity... and I am gonna to sign the S&P this coming weekend.

I have been informed by the sales person that the color of the roof tiles and floor tile a bit different... and better quality!

Until now, DOE has not yet updated me the air pollution report. May be they are busy with the haze issues recently. I got a friend whose babysitter is staying in Phase 2. So far, she has never complained on the stench smell emitted from the factory.

Do you guys have any idea when can we move in to our dream house? I gotto plan to sell my apartment.

escloyreal · Joined: 04 May 2009 Posts: 35

No idea when is the exact date of completion my friend, by the looks of the progress, I think we can move in before Dec 09. As I can see, they have started the piling works behind the showhouse, that is for Phase 3D if I am not mistaken.

Well, I have received the letter requesting for water and electricity deposits as well, just wondering if I can pay at the showhouse on the weekend when the saleperson is around...

snowgirl, was there any written proof from the developer that McD is going to be there soon? Do you know exactly where is it going to be located? Behind Petronas? I heard that McD is building their own bangalow type of restaurant as usual.

lkyeong · Joined: 26 May 2009 Posts: 11

tanhc · Joined: 06 Jul 2009 Posts: 14

I have just visited to Tanming website. They had just updated the site progress of Phase 3C as @ 26/6/2009. The construction completed 65%. The construction site seems like very tidy & neat... no big junk, no muddy condition, no bushes... Is Tanming practicing 5S??? Ha ha... (5S is Japanese words, mean clean, throw, well keep, standardize).

I still wonder... how come such a nice house still have many free-for-sales units?? Is it too far from the city? I visited to IOI Properties office before, and there are still many houses on the hilltop which are not sold even after the areas have been occupied for more than 7 years...

I agree with lkyeong, the water & electricity deposit is quite expensive... is it standard amount?

Calvin@Rachael · Joined: 13 Jul 2009 Posts: 20

hi, i just booked a unit at 3C, waiting for loan now.
OCBC offer me BLR-2.4, whole tenure, either paid legal fee ownseld or finance.
below is what the manager told me, correct me, if it was some different, tq

1) Currently our bank has 2 types of pre-payment facilities.

a) If you just want to pay advance for earlier settlement and confirm no redraw back the payment, the payment you make will deduct the principle and the interest rate is calculate based on outstanding principle by daily rest. The payment you make can have any amount and no need notice.
b) If the advance payment you make, need to redraw back on future, the amount must be at least RM 5000 each, multiple RM 1000. The payment you make also no need notice. The payment you make will deduct the principle.
For redraw, our bank will request customer to open the Current Account and the money will transfer from Housing Loan Account to Current Account.
RM 10 per transaction imposed by bank and 3 days notices required for redraw.

2) Penalty for earlier settlement is 3% of your total loan amount. For example, loan amount is RM 390,000, the penalty charge is “3% x RM 390,000”.

3) No monthly maintenance fees

4) No processing fee.

1) Current BLR is 5.55%.
2) 5 years lock in period from first drawdown to developer.
3) The interest is calculated based on daily rest. Any extra payment will directly deduct the principle.
4) No monthly charges and hidden cost.
5) Flexi loan.

Calvin@Rachael · Joined: 13 Jul 2009 Posts: 20

hi, i just booked a unit at 3C, waiting for loan now.
OCBC offer me BLR-2.4, whole tenure, either paid legal fee ownseld or finance.
below is what the manager told me, correct me, if it was some different, tq

1) Currently our bank has 2 types of pre-payment facilities.

a) If you just want to pay advance for earlier settlement and confirm no redraw back the payment, the payment you make will deduct the principle and the interest rate is calculate based on outstanding principle by daily rest. The payment you make can have any amount and no need notice.
b) If the advance payment you make, need to redraw back on future, the amount must be at least RM 5000 each, multiple RM 1000. The payment you make also no need notice. The payment you make will deduct the principle.
For redraw, our bank will request customer to open the Current Account and the money will transfer from Housing Loan Account to Current Account.
RM 10 per transaction imposed by bank and 3 days notices required for redraw.

2) Penalty for earlier settlement is 3% of your total loan amount. For example, loan amount is RM 390,000, the penalty charge is “3% x RM 390,000”.

3) No monthly maintenance fees

4) No processing fee.

1) Current BLR is 5.55%.
2) 5 years lock in period from first drawdown to developer.
3) The interest is calculated based on daily rest. Any extra payment will directly deduct the principle.
4) No monthly charges and hidden cost.
5) Flexi loan.

tanhc · Joined: 06 Jul 2009 Posts: 14

Hi, Calvin@Rachael. Welcome to TMJ Phase 3C.

OCBC is offering attractive and the lowest rate in the market. But, please read the terms & conditions carefully!!!! Don't just listen to the sales person talk only... there are still some hidden conditions, which the sales person will not inform you.

I also apply the loan from OCBC and I found some terms & conditions below:

1) You may at any time prepay any part of the Term Loan provided that you shall have given to the Bank prior notice in writing and paid the prepayment charge (if any) stated in the letter of offer...prepayments shall be subject to a minimum amount of RM1,000 or in multiples of RM1,000.

2) Default interest - If you default in payment of any monies... then, in additional to the applicable Prescribed rate, additional interest interest rate of 1% annum or such other rate as may be prescribed by the bank together with other administration fee (if any) shall be charged on such instalment of sums payable from the due date to the date of the actual payment in full.

You can ask other bank whether they have the terms & conditions above or not.

I still not yet decided to select which loan.

Calvin@Rachael · Joined: 13 Jul 2009 Posts: 20

hi tanhc,
tq for ur comments on this...it act really hard to believe what a sales person talking, but the fellow is a manager from KL HQ. the highlighted part which i stated on the previous post was exactly what he wrote to me. if he dare to saying sth r not true to client, i will definitely complaint him until he lost his job & reputation since the mail was written by him Razz

so tanhc, what is ur current ideal loan in ur mind?feel free to share.tq
oo, tmr noon will meet CIMB & SC as well at show unit.see there.88

escloyreal · Joined: 04 May 2009 Posts: 35

OCBC loan is not full flexi, please be careful if you thought it was. Full Flexi loan requires RM10 maintenance fee monthly but deposit/withdrawal anytime any amount would not require notice and no charge from the bank. StandChart is offering full flexi loan but the best they can offer is BLR-2.0% if I am not mistaken. You can try PBB and HLB too for more options, they offer zero entry cost with attractive interest rate like BLR-2.2 or 2.3 for full flexi, you got to negotiate with the bank, afterall, the rate they offer you on the spot is the board rate, you have to negotiate. CIMB has two teams of management after the merger with Southern Bank/Direct Access (this is what I heard on the market), if you are unlucky, you will end up with late payment to developer for drawdown payment and the developer will charge you interest and you will have to follow up closely with the bank.

Calvin@Rachael · Joined: 13 Jul 2009 Posts: 20

hi escloyreal, may i know which bank hse loan u r taking now?the developer giving me 14 days for apply loan from the date i pay the 5000 deposit.normally how long we will know the approval?if the time cannot made it, isnt it i should inform developr by writing or ....?