Exciting time
actually I really doubt wat one see at vvip.
I suspect not everyone of the crowds r genuine buyers who submitted chqs ...
during the 2 vvip tat I went, the crowds r significantly more den the actual buyers. for my proj, the crowd can fight wif duo one, in fact, when I see the picture, I feel tat the crowd over at mine is even more. tink 1k+.
in the end only 300+ sold nia
dun tell me 3/4 of them last min changed their mind?
mine de pricing is surprisingly slightly lower den expectation, so no reason for the last min huge drop out rite?
hence I suspect the crowds there mayb r calefe
What is the latest no. of units sold here?
i think you are mistaken about the intention of submitting 2 blank cheques if you want to get 1 unit in Duo.
earlier, forummers/agents have said if intent to buy only 1 unit instead of multiple units even though you submit multiple cheques, , then they wont entertain you and instead, ask you to join another queue.
so if you only want to get a unit in duo, then you pay OTP for the 2 units.
however, you only exercise only 1 OTP, the 2nd OTP you dont exercise. so you forfeit 1.25%.
if a unit is 1.5mil, that 1.25% is only 18k to let you cut the queue in front of the single unit buyers.
i am not sure if multiple unit buyers also have rankings. those who submit cheques for 40 units would have higher priority than those who submit cheques for 2 units only. that one need to ask sunboy77.
I have attended a couple of such balloting exercises. Multiple units buyers' queue will go by ranking based on no. of units. It will be followed by agent's queue before it goes to the single unit purchaser. Multiple unit purchasers have to choose all the units that he/she has requested for originally. Otherwise, he will be eligible to choose. This is fair practice.
yes, tat's my understanding too.
previously when we submitted 2 chqs, our agent told us tat we will belong to the 1st category tat is allowed to be balloted. however, shd one of us back out, the other will hv no priority to select even though both of us may be inside. The other person will hv be balloted tgt wif the rest of the single unit applicants.
I hv tried all sort of scenarios, all gena caught
it is up to u, it doesn't matter to them anyway.
wat they r concern is the number of units u commited eventually muz be the same as wat u indicated in the expression of interest form.
eg u genuinely wanted to get 2 units but when yr turn comes, only 1 is left. they will allow u to buy now only if u transact 2 units at the same time, else yr balloting will start only after the multiple buyers hv finished selecting. developers dun care if it is the same stack/storey/unit type tat u hv indicated.
they juz wanna be fair to all buyers & dun wan ppl to exploit any loopholes, be it thr 2 buyers, 2 chqs or 2 agents.
but usually when u r in priority q, only a handful of ppl nia. hence very low possibility the units tat u one is no longer there.
Last edited by mermaid; 14-11-13 at 16:01.
i think many silent readers going to use this approach and make agents/ developers bo eng to cancel S&P.
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
if you join the priority queue for multiple unit buyers, then most likely the lower floors are still available to you.
since lower floors are cheaper than higher floors, then it is worth to pay the 1.25% premium.
using the 2000psf example, 1.25% = 25psf. that is equivalent to 1 to 2 stories higher.
so if managed to get 8th floor, instead of 20th floor, then already worth it to pay the 1.25% premium.
8th to 20th floor should be about 180psf(?) difference.
So the question now is: How many units sold today till now?
Anyone can update?