Meridin at Medini and Astaka Project in Iskandar - any good?

[nextreal]

i think all the new launches subsale before TOP not allowed......

Medini can lei.

 

[jamesho]

i checked with agent, she said cannot leh.. i am confused.

 

[Newbie11]

Nothing to do with medini. It's in the spa. Likely if taking dibs, then can't subsale

 

[nextreal]

Today, when I signed the bank LO, I discovered that Meridin doesn't offer DIBS.

Oh my! How did I commit to such a purchase without even knowing the exact promotions. :P

So, aside from the RM5k, what else is subsidized?

 

[jasonzq]

Today, when I signed the bank LO, I discovered that Meridin doesn't offer DIBS.

Oh my! How did I commit to such a purchase without even knowing the exact promotions. :P

So, aside from the RM5k, what else is subsidized?

i think nothing else except the partially furnished they throw in..

 

[jasonzq]

Today, when I signed the bank LO, I discovered that Meridin doesn't offer DIBS.

Oh my! How did I commit to such a purchase without even knowing the exact promotions. :P

So, aside from the RM5k, what else is subsidized?

Mind to share which bank you took the loan and how many % they offered? so far i has only offered by Hong leong finance at 80%.

 

[Newbie11]

So u hedge with top developers

 

[nextreal]

Mind to share which bank you took the loan and how many % they offered? so far i has only offered by Hong leong finance at 80%.

CIMB. They offered me 85% but I am sticking to 80%.

 

[nextreal]

i think nothing else except the partially furnished they throw in..

My Savills agent informed that I will have to pay these:

- Stamp Duty for Loan
- Disbursement Fee for Loan
- Loan Agreement Fee
(these 3 amount to ~1.8% of loan quantum)

- State Consent Levy = RM14k (kinda high compared to most other solicitors)

So can any buyers confirm Stamp Duty and Disbursement Fee for SPA are subsidized?

 

[omnifly]

Anyone knows how Meridin phase 2 is selling? Heard D'Pristine & Medini Signature not really moving, while Iskandar Residences Medini is down to the last few units. Maybe cos of the 99-year vs 129-year leasehold effect...

 

[Chocolate]

Thanks. It's just that SP Setia did the exact opposite, and threw me off.

When I bought from SP Setia I was advised to wait for loan approval before signing SPA for the property that I took a loan. Perhaps it depends on which staff you speak to?

 

[nextreal]

If there is anything I learn in these few months of property purchase in M'sia, there is no "usual" in a lot of processes. Anything goes...

 

[captainjones]

An explanation on DIBS. http://www.thestar.com.my/story.aspx?file=/2012/12/22/business/12472840

 

[FHBH12]

it's a f*&^ing cowboy country. I won't buy off plans ever again in MY. freaking vomit blood.

The price buyers bought at are locked but the construction costs to the developers are not. Be careful if you sign the SPA end of last year to early this year and the construction has not started. I have this feeling that the developers will start to become real cowboys and buyers become the cattles if their profit margins get squeezed or become negative.

 

[FHBH12]

The price buyers bought at are locked but the construction costs to the developers are not. Be careful if you sign the SPA end of last year to early this year and the construction has not started. I have this feeling that the developers will start to become real cowboys and buyers become the cattles if their profit margins get squeezed or become negative.

For 99LH, every year of delay eats into the asset value. Please refer to this news (I also posted in another thread):
http://www.propertyguru.com.my/property-news/2013/9/10754/new-house-prices-to-increase-10-

 

[potter]

The price buyers bought at are locked but the construction costs to the developers are not. Be careful if you sign the SPA end of last year to early this year and the construction has not started. I have this feeling that the developers will start to become real cowboys and buyers become the cattles if their profit margins get squeezed or become negative.

Then hor, ppl will learn wat is dibs when developer run rd.

 

[FHBH12]

Then hor, ppl will learn wat is dibs when developer run rd.

Once developer runs road, all buyers will die a horrible death :p

A lot of buyers think 99LH in JB is the same as 99LH in Centris or Bedok condos with integrated mall and MRT.

 

[potter]

Once developer runs road, all buyers will die a horrible death :p

A lot of buyers think 99LH in JB is the same as 99LH in Centris or Bedok condos with integrated mall and MRT.

Buy jb99, rather buy sg99, in bad weather. Tis equation chim to derive.

 

[nextreal]

The price buyers bought at are locked but the construction costs to the developers are not. Be careful if you sign the SPA end of last year to early this year and the construction has not started. I have this feeling that the developers will start to become real cowboys and buyers become the cattles if their profit margins get squeezed or become negative.

This will be applicable to all constructions that have yet to be completed. There is always a risk that there will be cash flow problem at any stage of construction. Heck, even in Sg we saw this with H2O Residences and the Circle Line.

Thus, I learnt that one major factor in choosing which to invest in is the developer's track record, especially in building residential properties. Even if their sub-con construction, interior or landscaping companies go bust, the developer will try their level best to rectify the situation given the need for them to uphold their reputation.

But this alone is still no guarantee; it just lessens the odd. Bottom line is, the 2 developments discussed in this thread have a lesser chance to be severely affected.

 

[FHBH12]

I find that in JB, it is safer to buy from big developers that have already bought the land, and have one or two phases already built. They have a stake in ensuring the entire development is built several years down the road, a reputation to protect and a large war chest to ensure things get done.