Oven should be included if I'm nit wrong

Posted By l4house on 09 Sep 2011 05:26 PM
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I also bought a 3BR this morning, low floor. Looking forward to it. The kitchen is really small, but maybe can also use the yard to do some cooking or preparation. Does not come with fridge, washer and dryer, but at least we can choose the brands we want. 8)

hi dsrio, congrats on your purchase. all the freebies sometimes are sometimes more of a bother, better to choose your own home appliances. you must have gotten a very good price :)

The BR wardrobes are built in, but I don't really like it. Will it be the exact same one as the showflat? I'd prefer sliding doors or better, a walk-in wardrobe in the MBR.

I didn't really take a good look at the showflat as it was soooo crowded when I went last night. Will pop by again to view and take some pics :p

First time buying a private property. Need help to understand the process. After obtaining the OTP, what is the next step I need to do?

Find a suitable housing loan. If u not intending to take the bank's lawyer then u'll have to source ur own lawyer to handle the fees, legal docs n facilitate the disbursement of your loan/cpf. This must be done within 8 weeks of otp coz u'll need to sign the s&p before your option lapse.
S&p can only be signed with the confirmation of a housing loan, I think.

If u're unsure, ask ur housing agent. They are familiar with process.

Developer's solicitors will send you S&P within 14 days from date of OTP. Upon receipt of S&P, have to exercise the OTP by signing and returning the S&P to developer's solicitors within 3 weeks. Stamp duty is payable within 2 weeks from date of S&P. 15% of purchase price payable next, within 8 weeks from date of OTP.

Hence, you would need to secure a loan now so that your solicitors can start preparing the CPF documents (if you are using CPF) and bank loan for your execution at least about 3 weeks before the 15% is due.

I think one minus point is that there are less carparks than the number of units. For some family, there are more than one cars. Visitors would have no lots too.

Posted By bell09 on 10 Sep 2011 04:38 PM
I think one minus point is that there are less carparks than the number of units. For some family, there are more than one cars. Visitors would have no lots too.

Maybe due to close proximity to MRT , hence Sim Lian did not cater for more lots?

Thanks, Gregina and bell09. This means I need to start looking for a banking loan NOW, within 2 weeks, right?

Any lobang for the lowest banking rates? I'm looking at ANZ which is using SOR + 0.8% fix, no lock-in. They are using floor rate of 0.1% for SOR, meaning 0.9% interest rate.

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got a 2+S 5flr pool view abt 901psf.
we were aware of the matilda house but tot with so many pple around shd be ok after some time.
We get this mainly for proximity to mrt and future mega mall.
and i appreciate the yard which is not common now for new launches.

yeah prefer sliding wardrobe. the sink is not those steel type..wonder if its better?

got oven, hoon and hob but no fridge or washer..

l4house, I am going with ANZ.

Staceyee, your 2+1 study only $901psf on 5th floor? Huh that's cheaper than 3bedder as mine already $913+psf for 6th floor. 3 bedder 5th floor is $909psf, and I thought the smaller the unit, the higher psf?

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Posted By noobec on 09 Sep 2011 11:15 PM
hi dsrio, congrats on your purchase. all the freebies sometimes are sometimes more of a bother, better to choose your own home appliances. you must have gotten a very good price :)

Have talk to SCB, CIMB, OCBC.

might be taking the OCBC loan package at sibor+0.6% fixed for 5 years. 1 year free fire insurance.

CIMB is a bit troublesome, the banker tell us to cancel our credit cards as if we hold too many credits cards, the loan might not be approved. I only use the credits cards for the discount and never owe the bank $ also cannot. Also a cap on the legal subsidies.

SCB rates for 1st 2 years quite low, free fire insurance for 4 years, quite attractive too.

How much is the legal fee? Use the bank's lawyer or other lawyer better?

I went to take a look at the showflat yesterday. Its sooo Packed!!!

The Model is very nice, designs and layout are identical to waterview, rooms size are quite "standard" for new launches.

Overall, Treasure Trove is a good development. And in the current property market, you can't find any other property next to MRT priced lower than 1000psf. An Excellent investment choice.

According to the agent, Watertown should be priced over 1000psf and launching end this yr or early 2012.

Posted By l4house on 11 Sep 2011 03:06 PM
How much is the legal fee? Use the bank's lawyer or other lawyer better?

Hi Dsrio, ocbc sibor is 1mth or 3mth?
5year lock-in?

Btw, peeps, heard from few frens, have to fork out additional $200 for legal fees. No bank subsidy for this coz it's a fee charged by singapore academy of law to safekeep the 15%. This rule was in placed since Aug 2011 coz too many rogue lawyers running away with client's money