Puteri Harbour Community

[dad4life]

My loan for TEEGA was just approved but I am quite puzzled. My loan amount is more than my purchase price. Does anyone has this problem?
For ex. Let's say my purchase price b4 rebate is RM 1,000,000. After rebate of 12%, my purchase price is RM880,000. However, my banker agreed to loan me 90% base on my purchase price b4 rebate, that means RM900,000. What do you do? Should I ask for 80% loan?

Wow ur loan approved vey fast.. Which bank is it? What is the interest rate?

 

[teega]

No, you cannot get the 2% back in cash. The 2% rebate during the 2nd or 3rd billing. Can't remember. It's in the S&P agreement.

Can you get the 2% back in cash? Which bank is that? OCBC?

 

[teega]

Yes it's in the S&P agreement. Already signed last week.

My pleasure. Banks are not supposed to know about discounts.
These are goodwill discounts....it will be shown only on the billings. I would advise you get a letter from developer on the promised discounts to protect yourself.

 

[teega]

No lar.. I signed my S&P early. Chasing my bankers almost every other day. I only checked out Maybank and OCBC. Too tired to chk out other banks on that "chaotic day" when I purchase my property.
Correct me if I'm wrong.. Think most banks offer the same rate. Blr-2.4%. Currently, blr is 6.6%. So, OCBC and MayB offer int rate at 4.2%. MayB offer both fixed and var at 4.2%.

Wow ur loan approved vey fast.. Which bank is it? What is the interest rate?

 

[teega]

Received some news .. new launch BRDB at residential north at Puteri Harbour called Emerald Bay by early 2013.
Superlink houses have 3 levels about 2 mil. Buyers have a choice whether to add in lift.
Semi-D a few mil more.
Bungalow.. more than semi-D. Yatch berth provided.
The pricing of landed houses is beyond me
Low rise apartments will launch at a later date. Should b cheaper but expect prices to be ard 1000psf. Am looking forward to this..
All will have canal view.
Need contact for the person in-charge, pls PM me.. FYI, I'm not property agent. Just want to share like what others have shared in this forum.
or you can view http://www.brdb.com.my/portfolio/residential/index.asp -> upcoming project at Iskandar (Emerald Bay)
contacts should be at the bottom of their website.

 

[kopikong99]

My loan for TEEGA was just approved but I am quite puzzled. My loan amount is more than my purchase price. Does anyone has this problem?
For ex. Let's say my purchase price b4 rebate is RM 1,000,000. After rebate of 12%, my purchase price is RM880,000. However, my banker agreed to loan me 90% base on my purchase price b4 rebate, that means RM900,000. What do you do? Should I ask for 80% loan?

Congratulation on your purchase of Teega and your loan approval. I am sure that you will be looking forward to the day when it is ready and the picturesque view of berthed yatches from the balcony.

 

[Funniman]

DROOLING........but BRDB is ever ready to try new heights.
Imagine Serai is from RM7 mil to RM20 mil and it is already 50% sold after launching last month.

Received some news .. new launch BRDB at residential north at Puteri Harbour called Emerald Bay by early 2013.
Superlink houses have 3 levels about 2 mil. Buyers have a choice whether to add in lift.
Semi-D a few mil more.
Bungalow.. more than semi-D. Yatch berth provided.
The pricing of landed houses is beyond me
Low rise apartments will launch at a later date. Should b cheaper but expect prices to be ard 1000psf. Am looking forward to this..
All will have canal view.
Need contact for the person in-charge, pls PM me.. FYI, I'm not property agent. Just want to share like what others have shared in this forum.
or you can view http://www.brdb.com.my/portfolio/residential/index.asp -> upcoming project at Iskandar (Emerald Bay)
contacts should be at the bottom of their website.

 

[jade apple]

No lar.. I signed my S&P early. Chasing my bankers almost every other day. I only checked out Maybank and OCBC. Too tired to chk out other banks on that "chaotic day" when I purchase my property.
Correct me if I'm wrong.. Think most banks offer the same rate. Blr-2.4%. Currently, blr is 6.6%. So, OCBC and MayB offer int rate at 4.2%. MayB offer both fixed and var at 4.2%.

Hi Teega, congratulation to u on your purchase . Both banks give you 90% loan ? Thanks .

 

[DCputeri]

Do you know the exact location of this site?

Received some news .. new launch BRDB at residential north at Puteri Harbour called Emerald Bay by early 2013.
Superlink houses have 3 levels about 2 mil. Buyers have a choice whether to add in lift.
Semi-D a few mil more.
Bungalow.. more than semi-D. Yatch berth provided.
The pricing of landed houses is beyond me
Low rise apartments will launch at a later date. Should b cheaper but expect prices to be ard 1000psf. Am looking forward to this..
All will have canal view.
Need contact for the person in-charge, pls PM me.. FYI, I'm not property agent. Just want to share like what others have shared in this forum.
or you can view http://www.brdb.com.my/portfolio/residential/index.asp -> upcoming project at Iskandar (Emerald Bay)
contacts should be at the bottom of their website.

 

[DCputeri]

Residential Projects at PH in order of launch date:

Somerset PH (168 units) Ascott Group
Imperia (246 units) UEM
Encorp Marina (573 units) Encorp
Teega (1292 units) Sunrise/UEM
Pinetree Residence (264 units) Tiongnam

 

[teega]

Only OCBC, am still waiting for MayB

Hi Teega, congratulation to u on your purchase . Both banks give you 90% loan ? Thanks .

 

[teega]

It's near Kota Iskandar. Quite far away from CIQ.

In future, UEM will also build canal homes at the Southern part.. probably they will call it residential south. Near TEEGA area.

UEM is the biggest beneficiary during this time as they hold massive landbank in Nusajaya area. The Iskandar/Nusajaya story has transformed from dream to reality.

Bought some UEM land shares recently.. odds are in favour in them for the next 3 to 5 years.

Do you know the exact location of this site?

 

[dragonlance]

Hi Teega,

PMed you re Emerald Bay... Thanks thanks!

 

[jade apple]

Only OCBC, am still waiting for MayB

Hi Teega, any lock-in period for the loan? Should get one without lock-in.

 

[Newbie11]

Reason? To flip before completion and pay capital gain tax?

 

[jade apple]

Reason? To flip before completion and pay capital gain tax?

can sell anytime. The main benefit is can always look for better loan package without incurring penalty.

 

[Funniman]

Loans can be fully flexible, semi flexible, bonded to 3, 5 or 7 years.

Fully flexible allow you to prepay and save interests but you do not need to close the account. If you need money later, you just write your cheque.
Semi flexible is the same as above but only upon agreement by the bank.
Bond or lock in period means you cannot discharge from your loan until the period is over otherwise you incur penalty charges.

can sell anytime. The main benefit is can always look for better loan package without incurring penalty.

 

[DCputeri]

Do read carefully on the termination clause if there is a clause which requires the total loan amount to be fully disbursed even in non-lock in fexible loan package. Otherwise, there will be a penaly on the undisbursed amount.

Loans can be fully flexible, semi flexible, bonded to 3, 5 or 7 years.

Fully flexible allow you to prepay and save interests but you do not need to close the account. If you need money later, you just write your cheque.
Semi flexible is the same as above but only upon agreement by the bank.
Bond or lock in period means you cannot discharge from your loan until the period is over otherwise you incur penalty charges.

 

[Funniman]

Try not take Islamic loans if you do not know how it works. Take the normal conventional ones.

Do read carefully on the termination clause if there is a clause which requires the total loan amount to be fully disbursed even in non-lock in fexible loan package. Otherwise, there will be a penaly on the undisbursed amount.

 

[dad4life]

Went to sign S&P last monday, saw the take up rate for teega tower A, all marina view units sold out.. i think overall should be about 70% sold.. price wise is about 10% higher than previous launch but still very reasonable < 800psf..