The Mezzo (D12, Freehold, Soilbuild)

[fhchoong]

I took the recommendations from the Renotalk website.

So far de trenzo along balestier road quoted me the lowest. I will visit their showroom this week. If workmanship ok I may place the deposit.

Get at least 3 to 5 quotes before making decision. Let me know if you can get cheaper and better deal

[azeoprop]

I also dunno what needs to be done for ID... Its my first apartment.

[miya]

I also dunno what needs to be done for ID... Its my first apartment.

me too! my first apartment

[miya]

I took the recommendations from the Renotalk website.

So far de trenzo along balestier road quoted me the lowest. I will visit their showroom this week. If workmanship ok I may place the deposit.

Get at least 3 to 5 quotes before making decision. Let me know if you can get cheaper and better deal

you have already decided? that's fast.

[azeoprop]

Update 15th Nov 2011.

[fhchoong]

crane is slowly descending

Too bad the window glass is tinted, can't see through the interior.

[kskong2000]

Can anyone advise me that is it normal to engage with ID before the TOP? Does the ID need to go into the apartmen to look at the actual layout again?

[fhchoong]

Yes they will need to see the actual layout, but not sure there is any leeway to visit the unit before TOP.

[devilplate]

u guys too gancheong liao la!!!

pls dun commit any ID yet prior to TOP la.....collect ur keys first....rectify all the defects first den engage ID

[azeoprop]

How about loan package? We can change after we get the keys? Mine is currently sor+1.25%

[devilplate]

How about loan package? We can change after we get the keys? Mine is currently sor+1.25%

banks spread for completed projects about 1% leh.....only BUC got 0.65%

[azeoprop]

banks spread for completed projects about 1% leh.....only BUC got 0.65%

Because I signed the loan package back in mid 09 mah, that time +1.25% was the standard.

[sleek]

Which bank? DBS can repriced, no fees, for 0.75% + Sibor 3M!

Because I signed the loan package back in mid 09 mah, that time +1.25% was the standard.

[azeoprop]

Which bank? DBS can repriced, no fees, for 0.75% + Sibor 3M!

Mine with uob, just sent a request for repricing. Waiting for their response. Have been overpaying for the past few months...

[kskong2000]

I have the same package as you... also senting in my request now...let me know if u get the outcome first k.

Thanks in advance...

Mine with uob, just sent a request for repricing. Waiting for their response. Have been overpaying for the past few months...

[vtaykw]

Same here.... just give a call to my banker.
He would check and get back to me on the outcome and packages existing now...

Thanks for the reminder.... almost forgotten about this matter.

[Lovelle]

sibor rate is higher at the moment then SOR. uob most likely won't offer SOR. if they offer, quickly take

[azeoprop]

For property loan under The Mezzo:
New Packages

§ Subject to outstanding loan amount to current property valuation <= 80%
§ Loan tenor must not be less than 5 years at the point of conversion
§ Bank having 1st charge


option a: 3Month SIBOR (2 years penalty period) – free conversion
3Month Sibor as at 15 Nov 0.38306%
Yr 1 : 3Month SIBOR + 0.85%
Yr 2 : 3Month SIBOR + 0.95%
Yr 3 : 3Month SIBOR + 0.95%
Thereafter: 3M SIBOR + 1.25%

Partial Redemption Penalty :
1.50% on prepaid amount within 2 yr from date of conversion subject to 1 month prior written notice.
Full Redemption Penalty :
1.50% on redeemed amount within 2 yr from date of conversion, subject to 3 months prior written notice


My current one is sor + 1.25% throughout. Convert or not to convert?

[2824]

Is this only for Mezzo, how about UOB sor packages for other BUC, also the same?

Is there a option b provided ??

For property loan under The Mezzo:
New Packages

§ Subject to outstanding loan amount to current property valuation <= 80%
§ Loan tenor must not be less than 5 years at the point of conversion
§ Bank having 1st charge


option a: 3Month SIBOR (2 years penalty period) – free conversion
3Month Sibor as at 15 Nov 0.38306%
Yr 1 : 3Month SIBOR + 0.85%
Yr 2 : 3Month SIBOR + 0.95%
Yr 3 : 3Month SIBOR + 0.95%
Thereafter: 3M SIBOR + 1.25%

Partial Redemption Penalty :
1.50% on prepaid amount within 2 yr from date of conversion subject to 1 month prior written notice.
Full Redemption Penalty :
1.50% on redeemed amount within 2 yr from date of conversion, subject to 3 months prior written notice


My current one is sor + 1.25% throughout. Convert or not to convert?

[azeoprop]

The rest of the options got $500 conversion fee one, and the 2nd free conversion upon top will be void....


option B: Floating NO Lock-In
Yr 1: 1.25% (MR minus 3.25%)
Yr 2: 1.65% (MR minus 2.85%)
Yr 3: 2.65% (MR minus 1.85%)
Thereafter: 2.65% (MR minus 1.85%)
Mortgage Rate_010508C (“MR”):4.50%

option C: 3 Month SIBOR (1 year penalty period)
3Month Sibor as at 15 Nov 11 = 0.38306%
Yr 1 : 3 Month SIBOR + 0.80%
Yr 2 : 3 Month SIBOR + 0.80%
Yr 3 : 3 Month SIBOR + 0.85%
Thereafter: 3Month SIBOR + 1.25%

option D: Floating (2 Years penalty period)
Yr 1: 0.85% (MR minus 3.65%)
Yr 2: 1.65% (MR minus 2.85%)
Yr 3: 2.65% (MR minus 1.85%)
Thereafter: 2.65% (MR minus 1.85%)
Mortgage Rate_010508C (“MR”):4.50%

[2824]

Thanks azeoprop for sharing. looks like i need to do some homework too.

The rest of the options got $500 conversion fee one, and the 2nd free conversion upon top will be void....


option B: Floating NO Lock-In
Yr 1: 1.25% (MR minus 3.25%)
Yr 2: 1.65% (MR minus 2.85%)
Yr 3: 2.65% (MR minus 1.85%)
Thereafter: 2.65% (MR minus 1.85%)
Mortgage Rate_010508C (“MR”):4.50%

option C: 3 Month SIBOR (1 year penalty period)
3Month Sibor as at 15 Nov 11 = 0.38306%
Yr 1 : 3 Month SIBOR + 0.80%
Yr 2 : 3 Month SIBOR + 0.80%
Yr 3 : 3 Month SIBOR + 0.85%
Thereafter: 3Month SIBOR + 1.25%

option D: Floating (2 Years penalty period)
Yr 1: 0.85% (MR minus 3.65%)
Yr 2: 1.65% (MR minus 2.85%)
Yr 3: 2.65% (MR minus 1.85%)
Thereafter: 2.65% (MR minus 1.85%)
Mortgage Rate_010508C (“MR”):4.50%

[miya]

I have the same package as you... also senting in my request now...let me know if u get the outcome first k.

Thanks in advance...

Hmm.. I am a bit confused by these. Mine is also from UOB.
What is repricing? Do we need to send it the request to the bank?

[azeoprop]

Hmm.. I am a bit confused by these. Mine is also from UOB.
What is repricing? Do we need to send it the request to the bank?

Repricing basically is to change ur loan package with the same bank to a more affordable one for the existing market condition. U can call uob hotline or your banker to ask about the current package they have.

I wonder if u guys can bargain for a better package than what i was quoted?

[sleek]

Wah! You also bought a unit here!

Thanks azeoprop for sharing. looks like i need to do some homework too.

[miya]

Repricing basically is to change ur loan package with the same bank to a more affordable one for the existing market condition. U can call uob hotline or your banker to ask about the current package they have.

I wonder if u guys can bargain for a better package than what i was quoted?

We can still negotiate even if though the building is still not yet TOP?
Ops!

[kskong2000]

Dont really see these options much more attractive compare to our current 1 as the spread is still high...dont save much interest from whichever option they offer.

Do they still allow you to place deposit (up to 75%) to enjoy the same rate they charge you for the loan? By loooking at the current market, I might consider to use this way to reduce the interest exp. Once the market more stable after 1 or 2 yrs, then change bank or renegotiate with the bank again...

The rest of the options got $500 conversion fee one, and the 2nd free conversion upon top will be void....


option B: Floating NO Lock-In
Yr 1: 1.25% (MR minus 3.25%)
Yr 2: 1.65% (MR minus 2.85%)
Yr 3: 2.65% (MR minus 1.85%)
Thereafter: 2.65% (MR minus 1.85%)
Mortgage Rate_010508C (“MR”):4.50%

option C: 3 Month SIBOR (1 year penalty period)
3Month Sibor as at 15 Nov 11 = 0.38306%
Yr 1 : 3 Month SIBOR + 0.80%
Yr 2 : 3 Month SIBOR + 0.80%
Yr 3 : 3 Month SIBOR + 0.85%
Thereafter: 3Month SIBOR + 1.25%

option D: Floating (2 Years penalty period)
Yr 1: 0.85% (MR minus 3.65%)
Yr 2: 1.65% (MR minus 2.85%)
Yr 3: 2.65% (MR minus 1.85%)
Thereafter: 2.65% (MR minus 1.85%)
Mortgage Rate_010508C (“MR”):4.50%

[azeoprop]

Update 27th Nov 2011.

[ecimbew]

wow! it's almost ready. landscaping now

[azeoprop]

2 more subsale in Nov!

THE MEZZO BALESTIER ROAD Apartment 1 995,000 840 Strata 1,185 Nov-11

THE MEZZO BALESTIER ROAD Apartment 1 973,000 840 Strata 1,159 Nov-11

[Lovelle]

whats the rent are u you estimating azeo ?