QUOTE(etseleste @ Sep 25 2012, 02:02 AM)
No difference lah $700psf before discount or $560psf. Although with 20% discount, don't forget you are servicing 90% loan of average RM 700k, which comes down to about RM 3k per month based on 30 year loan.
Package goes like this. 5% payable upon signing of SPA & the other 5% rebate. 5% rebate during bank first drawdown. So u get your 10%. Then the balance 10% so-called fixture & fitting voucher/cheque will be payable upon VP.
Although the developer write u a cheque of 10% upon VP, don't forget u are servicing the interest for it. It's like refinancing. And how much do u think u can rent it out for a 1031sf? RM 3k for basic/partial furnish in 3 year time? You wish. A basic unit in nearby apartment/condo e.g. Plaza Menjalara, Fortune Avenue & First Residence with similar built up command RM 1,100-1,300 for a basic/semi furnish unit. Menjalara 18 command RM 1,700-,1800 coz it is bigger at 1,316sf.
if u think hard enough you are not getting 20% discount. it is 10%. Don't forget you need to service the loan+interest if you are borrowing 90%. It may seem you are getting discount as the developer write u a nice cheque of Rm70k but it is a borrowed money, like a top up/refinancing on your loan. The package is deceiving as though you think u are getting 20%.
At this price, I rather buy current subsale units around the vicinity as I feel Scenaria is quite hard to sustain. Moreover there are 900++ units in total.
The 20% discount from developer goes like this...
- 5% rebate upon signing of SPA (means no downpayment, NOT 5% DISCOUNT, as you need to pay the developer 5% deposit. In other words, you are just getting your money back)
- 5% rebate for progressive billing (means DIBS, NOT 5% DISCOUNT. With DIBS you still need to pay the principal portion of your bank loan, does not mean you need not pay anything)
- 10% rebate upon VP (rebate of 10% 3 years later is around 7-8% now? Do consider 3 years inflation.
As the above post have mentioned, it is really just 10% discount, if not less than 10% discount.
So, if any of the sales person tell you otherwise, please please clarify with them. I am writing this post because I can't stand to see some uncles and aunties who simply needs a better place to stay (mostly staying nearby) being mislead into believing that they are getting 20% discount and the price psf they are paying is merely RM500++. It is actually about RM660psf - RM750psf and above, depending on the layout and floor.
Developer claimed to be building the development on the elevated land, this is only true for Block A. If you notice, even the location of Block A is lower than the current land where the current show gallery is built. Block B's land is much lower.
From the front of Block A or B, if you look to your right, there is a Malay cemetery.
From the back of Block A or B, there is a big mosque in Segambut Dalam.
There is also a drain, clouded with muddy water all the time, exactly behind the development.
The actual location is Taman Sri Sinar, Segambut, 51200 KL.
Developer claimed to have an access road directly to the hospital at Desa Parkcity. However this has yet been approved. More than 5 years ago, I remembered Bukit Prima Pelangi has sold their property mentioning their access road to Desa Parkcity too.
The plus point of this development is the Freehold land and high ceiling.
If my rough calculation is correct, 3 years later, you will need to sell your unit at at least RM920psf to break even. Not mentioning making any profit.