chuweisiao
Supremacy Member
- Joined
- Jul 21, 2004
- Messages
- 6,259
- Reaction score
- 1
Hi Joanie_Dan,
Thanks for your reply, sorry for the mistake, you are right that 5th year for Bank C is 1.25% + 1/3 mth sibor and the switch of sibor is 1/3/6/12.
We are just very curious for BUC, are we allowed to switch to fixed at TOP, because our banker said that is not possible, as fixed for officially completed properties.
On top of that, I'm still puzzled. Do you mean no matter what, Bank C rates is still better than Bank D even if one decides to change to fixed rate at TOP which is around year 3. I'm puzzled because during year 1 & 2, Bank C is charging +0.15% more than Bank D and in 3rd year, 0.05% more than bank D. Even though one can choose 1 month sibor for bank C, the difference between 3mth sibor and 1mth sibor is relatively very little, like 0.363 for 3mth vs 0.311 for 1mth currently. So, may I just ask for anyone or your guidance how is bank C still better in this sense? Thanks! really appreciate any advice.
Thanks for your reply, sorry for the mistake, you are right that 5th year for Bank C is 1.25% + 1/3 mth sibor and the switch of sibor is 1/3/6/12.
We are just very curious for BUC, are we allowed to switch to fixed at TOP, because our banker said that is not possible, as fixed for officially completed properties.
On top of that, I'm still puzzled. Do you mean no matter what, Bank C rates is still better than Bank D even if one decides to change to fixed rate at TOP which is around year 3. I'm puzzled because during year 1 & 2, Bank C is charging +0.15% more than Bank D and in 3rd year, 0.05% more than bank D. Even though one can choose 1 month sibor for bank C, the difference between 3mth sibor and 1mth sibor is relatively very little, like 0.363 for 3mth vs 0.311 for 1mth currently. So, may I just ask for anyone or your guidance how is bank C still better in this sense? Thanks! really appreciate any advice.
No matter whether you are changing to fixed rate upon top or CSC, bank C sibor rates are lower than bank D.
Also bank C rates are +1.25% after yr5, not 0.95, n e sibor switching is 1/3/6/12.
Bank O u can forget about it.