Iskandar Residences @ Medini

[Clear]

In SG, we have ownership holding by way of joint tenancy or tenancy-in-common. From Yeap&Lim lawyers, this is not the case in Msia/Johor. By default, property is owned by 1 person. If we want 2 owners, a trust deed must be done and it can only be tenant-in-common ie 50:50 split with no surviorship right.
If intend is to pass property to spouse upon KO of one, seems like not worth the while to do trust deed to have 2 owners?
Any one encounter similar issue and enlightened to know conclusion?

 

[sgcount]

I suppose so for those who choose dbis. The 5% discount is ontop of 10% rebate. So for uobm loan how many percent loanu getting for sporean? 80% of the discounted price? 30 years at 4.2%?

Actually, it's not a discount. For those who chose the DIBS, their prices were 5% higher. Now they give you 5% cheaper because it's the non-DIBS pricing.

Interest is 4.3%.

 

[Clear]

Actually, it's not a discount. For those who chose the DIBS, their prices were 5% higher. Now they give you 5% cheaper because it's the non-DIBS pricing.

Interest is 4.3%.

Agree with sgcount that there's no discount ... anyone received the stamped S&P already? When I went to Hutton office to sign trust deed a couple of weeks back, Yeap&Lim say it was sent for stamping.

 

[westman]

Latest News..
Just received letter from Lawyer, VP will be extended from 36 months to 48 months... can like that one?

 

[DCputeri]

I thought it is not allowed. Should ask for official approval letter.

Latest News..
Just received letter from Lawyer, VP will be extended from 36 months to 48 months... can like that one?

 

[westman]

I thought it is not allowed. Should ask for official approval letter.

Already approved by ministry...

 

[DCputeri]

One year less and slower for a LH property can be quite crucial.

Already approved by ministry...

 

[Clear]

Already approved by ministry...

Yeap&Lim mentioned to me this extension to 48 mths at S&P signing. I recall reading Hutton mkting materials pre ballot that completion of common area/facilities is 42 mths. Hope Distinctive can deliver a better quality build with the 48 mths deadline.

 

[westman]

The developer take swift action...dropped the DIBS and applied for 48 months.. imagines if they dont stopped DIBS, interest will be hefty...

 

[sgcount]

Agree with sgcount that there's no discount ... anyone received the stamped S&P already? When I went to Hutton office to sign trust deed a couple of weeks back, Yeap&Lim say it was sent for stamping.

Not yet. I asked them for a copy a few months ago when I signed. They said ok will mail to me but no news yet.

I read different discounts from various developers in other projects that I became confused already. I thot for Iskandar Residences, developer will bear the legal fees on bank loan for us. But they won't. Ha...

 

[westman]

Not yet. I asked them for a copy a few months ago when I signed. They said ok will mail to me but no news yet.

I read different discounts from various developers in other projects that I became confused already. I thot for Iskandar Residences, developer will bear the legal fees on bank loan for us. But they won't. Ha...

I signed mine on Oct and just concluded my loan legal on 21 Nov. The lawyer said they are filing for state consent..will mail me SPA and all.documents once done..

 

[sgcount]

I signed mine on Oct and just concluded my loan legal on 21 Nov. The lawyer said they are filing for state consent..will mail me SPA and all.documents once done..

Ok... Did you pay the loan legal fees during signing day itself or later part?

 

[westman]

Ok... Did you pay the loan legal fees during signing day itself or later part?

Yup.. around 13k in total.

 

[sgcount]

Yup.. around 13k in total.

K thanks.

I also got the news the VP is extended from 36 to 48 months. VP is the same as TOP right? Means developer got the right to hand over only in 2017? Was hoping could be earlier...

 

[comfy]

This will be a potential Big Problem (which I faced now...) my bank loans are approved in DIBS...now if my SnP is in non-DIBS and the price does not match - it will required reapproval....and in some cases (eg Public Bank) the officer said this will mean everything start from scratch and one may run the risks of not getting the loan!!

Headache!!!:(:(

Just received inner news that the project has change to non-dbis plan and convert to 5% discount. We are required to signed the revised snp again for those who signed snp already. This sat gg down hutton and verify again the news.

 

[Clear]

Just received the SPA couried from lawyer.

 

[westman]

Me too, received the document today. Btw, heard second 10% coming in May. Get ready your cheque.....

 

[westman]

Have you resolved the loan problem? Try UOB.. can get 80%

 

[westman]

Just found this Youtube..Piling started for Iskandar Residences.. construction area fully cleared




Look out after 21:00, look up at top center... IR is there.

[video=youtube;-l29Tj6ZwQM]https://www.youtube.com/watch?v=-l29Tj6ZwQM&feature=youtube_gdata_player[/video]

 

[comfy]

Hi Westman, my loan is already from UOB - they promised just to change the loan amount per DIBS/non-DIBS and not a new loan, so still waiting for approval - suppose be by this week...sigh:(

Have you resolved the loan problem? Try UOB.. can get 80%