Tuesday, March 8, 2011

Steps to Purchase a Property from East Ledang (Developer Purchase)

This is the information we received initially. Since I have received quite a few questions about purchasing in East Ledang phase II etc, I thought this would be very useful to those who are keen on East Ledang properties.

If you have any questions, please feel free to drop us a note and we'll be happy to help.

Here are the steps to purchasing a property in East Ledang from UEM:

1. Booking
- RM10, 000

2. Within 14 days
-Have to sign the Sale & Purchase Agreement (SPA)
-Make sure the loan application has been approved and signed the Letter of Offer with the bank
- Balance of 1st 10% Deposit : Once sign the SPA, pay the balance of first 10%
-If customer wants to pay cash: Just pay 1st 10% then waiting for the bungalow reach the 50% construction and approval for state consent then pay the balance as follow the progress billing.

Miscellaneous:

1. Maintenance fees monthly
a. Resort Bungalow – RM450.00 per month
b. Twin Villa – RM350.00 per month

End Financier
• Loan Term –Until the age of 65 or a maximum tenure of 30 years (Can use your own banker or Sales Exec. can suggest the local banker)

Documents needed for loan application:

*6 month latest bank statement
*Copy of Passport
*IR8A statement / Income tax statement/ Notice of Assessment
*Copy of Identity Card
*Employment confirmation letter
*6 months salary slip

Other Fees:
• Legal Fees, Stamp Duty, Memorandum of Transfer & Disbursement for house only will cover by developer.
• State Approval - RM12, 000.00 ++ will pay by customer to panel lawyer.
*Using developer panel lawyer only.

6 comments:

  1. what happen you pay the booking fee of rm5k, while waiting for the approval you decided to cancel the deal. what will be uem's penalty?

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    Replies
    1. Hi Robin, thanks for reading my blog. I believe the booking fee will be forfeited if you decide to cancel your mind, but it'd be best to confirm with UEM.

      Have a good weekend,
      Erika

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  2. Hi Erika,
    Is it advisable for family w school going children to move to jb. Wud the trip be too tiring for the young child. I hv been searching but seems. Ledang has no new launches right?

    ReplyDelete
    Replies
    1. Hi Dyla,

      Thanks for your message and I'm very sorry for my late reply. We do have neighbours who drive their kids to school every day to Singapore. It is rather tiring for kids, but I think something that you get used to. Based on my understanding, launches are now completed for East Ledang so you'd have to look for subsale. 2nd phase keys have been handed to owners so I'd expect more units on sub-sale market now, if not very soon.

      All the best
      Erika

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