PEARL AVENUE CONDOMINIUM - Contruction Progress JANUARI 2012

Common Facilities | Model Condominium | Pelan Tapak Projek | Progres Pembinaan

Keterangan:

Pembinaan struktur concrete wall Pearl Avenue Condominium Phase 1 untuk Block A & B telah sampai ke level 18 daripada 19 tingkat. Maklumat spesifikasi struktur pembinaan ada di web site ini. Kerja-kerja construction ditangguh selama seminggu pada cuti perayaan Chinese New Year yang lepas.

Enjoy looking at more pictures for this year, Jan 2012!

PEARL AVENUE PHASE I: 28 JAN 2012 - BLOCK A & B POOL VIEW

PEARL AVENUE PHASE I : 28 JAN 2012 - BLOCK A & B POOL VIEW

PROGRESS - PEARL AVENUE CONDOMINIUM PHASE 2

PHASE 2: BLOCK C & D FROM KAJANG VIEW.

PHASE 2 : BLOCK C POOL VIEW

PHASE 2 : BLOCK D POOL VIEW

CURRENT PROGRESS - PICTURE TAKEN FROM BLOCK D POOL VIEW - 28 JAN 2012

ROAD EXIT/ENTRANCE PHASE 2

Bank Started to Increase BLR:

11 May 2011 - Most of major banks in Malaysia has started to increased its base lending rates (BLR) by 30 basis points each, effective May 11. Up to-date, Maybank, Public Bank, Affin Bank, RHB Bank, UOB Bank and Bank of Tokyo-Mitsubishi UFJhas made their BLRincreases announcement.

The BLR will be increased by 30 basis points from 6.30 per cent per annum to 6.60 per cent. The base financing rate (BFR) of Islamic Banking will similarly be revised upwards by 30 basis points to 6.60 per cent from 6.30 per cent.

The last revision in banks BLR and Islamic banking’s BFRwas on July 13 last year when both were revised from 6.05 per centper annum to 6.30 per cent after BNMraised theOPR. BLR is a minimum interest rate calculated by banking institutions based on a formula which takes into account the institutions’ cost of funds and other administrative costs. This is defined by central bank of the countries.

The Overnight Policy Rate (OPR) from Bank Negara Malaysia is reference for banks in BLR adjustments, but there might differ from bank to others bank. At the global money market down turn, BLRwill get lower and if the money market on uptrend, it will correlation upward. It is wisely and timely to consider take up mortgage loan and start to own your property at the lowerBLRas current.

From the record, it shows that the highestBLRMalaysia ever has is 12.27% in year 1998 and the lowest BLR is 5.55% in year 2009. The average is 8.1%. Probably you can use this to justify whether it is better to take the fixed rate loan or floating mortgage loan (BLR +/- x% ). Resource: http://www.blr.my/

Refinancing:

If you've had your home loan/financing for a number of years, such as 5 years or more, you may be a prime candidate for refinancing.

There are many benefits of refinancing. You may enjoy:

Lower interest rates

Reduction of monthly installments

Free up cash for other life’s purposes

More flexible home loan/financing features such as ATM, cheque book and internet banking facility

How does refinancing work?

You take advantage of your property’s rising value to obtain a larger home loan/financing amount.

Your refinanced home loan/financing pays off your current home loan/financing.

You are free to use the balance as you wish.

Things to consider before refinancing

Lock-in period
Your home loan/financing comes with a 5 years lock-in period. The lock-in period starts once the first drawdown takes place. Should you cancel your loan/financing within the stipulated period, you will be required to pay an exit penalty which may range from 3.5% to 5% of the original home loan/financing amount (at times, plus administration fee or unwinding fees for fixed home loans/financing). You may want to check your Letter of Offer for your existing home loan/financing to ascertain the lock-in period and percentage of the exit fees.

Moving cost
Moving cost refer to, inter alia, legal fees, valuation fees, stamp duty and other disbursement or charges relating to the preparation of the legal documentation in relation to your home loan/financing.

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Last updated: 3 Feb 2012 by Mohd Azeri Hairuddin (mohd_azeri@yahoo.com)