S&P and Loan Agreement

A friend of mine have the following question, perhaps, it can be share out to everyone here..

"(1)Once u sign the (1)S&P and (2)loan agreement, u will have 2obligations?."

S&P - Sale and Purchase Agreement - it is signing in between buyer and seller.. to complete a deal of transfer a property possession from one party to another.

All stamp duty and miscellanous legal charge will be imposed. Usually, stamp duty is fixed by the government under percentage control, e.g. property RM 180k, 1st Rm 100k to be charge 1%, then subsequent (balance) will be charge 2%.. some sort like this calculation... then legal fee charge is vary from every legal firms, as you can always get quotation from them for comparison purpose.

Loan Agreement - this is in between borrower and banker. It is a bond by mortgage your property to bank for loan. There are many packages available in the market. It designs to suit respective individual preference. E.g. Zero cost and Non Zero cost, Fixed Rate, fluctuation rate, etc. Go approach to banker for detailing, as they are very welcoming to assist you as long as there is business deal concern.

What you need to know here is the entire picture flow of the process. My advice here is to obtain the latest infortmation from the professional banker / lawyer to seek for their advice in the charges on S&P and loan agreement as there may have new plan to come out from time to time.

Wangsa Talk

The Sun, August 2006

Good news to all residents at Wangsa Maju. There is another hybrid (shopoffice and shopping mall) for our pastime.
Wondering where is the exact location. guess will be around Carrefour at Section 4 & 5. It definitely is a good news for surrounding residents as it could help in boost the economic and stimulate the growth of development.

Start to put your eye on this area in term of location, population, accessibility, amenities, business opportunity, etc. It has a very good prospect.

Of course, Security of this area have to be enhance as to prevent the snatch terrors and get it totally eliminates and return us a peaceful enclave.

Complaint of Angkasa Condo

Previously, we have talked about the selling point of Angkasa Condo. Today, let's us look into more detail about the quality of the unit.

Wah.. one of the condo owner posted up the following pictures. These showed that the condition/ quality of the unit is poor.

Door frame edges are full of paint without proper cleaning. it is worse than low cost flat quality. I think it is a obvious and unacceptable defect. It should not be allow.
How can the contractor forget to paint the door frame expose surface, as indicated in the pictures below.

Paint stain on the window.. .. aiyoo.. how come there is no protection of the window while doing painting work.. Where is the inspection and how the inspection being carried out here? The edging of window frame is not consistent also.. It is a bad workmanship... Friend.. don't do this kind of work please..
Suggestion to the developer here, Quality of product is crucial to achieve customer satisfaction as it is a best channel to advertise the future developement and boost the reputation of company in the market. Hope the defects can be rectified in time and regain the confidence of customer.

Angkasa Condominium, Tmn Connaught

Before hand, let me clarify that i am not a sales rep from this development. What has come to my interest is its Location.

In fact, this condominium is allocated in the ideal location. As the golden rule of thumb for property investor, always remember three top most important factors to be put into the consideration. Location, Location, Location.... let me emphasize again..there is "location" of the property... let shout it loud and clear again.. "Location!!". don't blame me, if you slip out this factor.. i have done my part to highlight it to you.

UCSI College University is just a stone throw distance from the door step. Convenient commercial lot like Mcdonold, Giant hypermarket, banks, etc are another attractive points to me. There is also a 10- 15 minutes travel distance to KLCC or Midvalley. No doubt, it is sitting in a very strategic position.

Of course, every developement has its weakness or shortcoming, this condo cannot be escaped too.

Once u open window, u can see the chinsese cemetery, there is a big zone on the hill area.

When we see the big picutre of the area, it seems to be too dense. Too Congested traffic is another discourage factor.

But the two main concerns for me is the Quality and Maintenance Fee... It cannot be ignored as well, as it can cost u easily a ton of dollar and drag for decade to resolve.

"Location, Quality and Maintenance Fee.". this is what u have to judge carefully before you make up your mind in buying property.