Alhamdulillah, the design has now been finalized. I never thought the design stage would take this long - 8 months to be exact. The engagement with RAM Architects only started in March, so to be fair, the whole design process took more or less 5 months.
So, next - we need to get the design approved by the authority (MBPJ). But before submitting to MBPJ, it needs to go thru town planning process - this to make sure the design adhered the township requirements etc etc. Apparently, other authorities MBSA, DBKL don't have this sort of requirements. The town planner fee alone is 5K!
And while waiting for that, the loan application can be submitted for conditional approval.
There still chances that the loan might get rejected, and worst case - this Projek Buat Banglo needs to be scrapped off.
But, i always look at things positively. I can still sell off the land.
The land value here has appreciated quite handsomely in the past 2 years. The purchase price was RM50psf back then, and now the asking price is no less than RM90psf - which will give me at least 400K of profit.
So either way - it will still be alrite :)
