Outline ·
[ Standard ] ·
Linear+
Investment Zetapark at Festival Mall, Jln Genting Kelang
|
propline
|
 Dec 8 2011, 12:45 PM
|
New Member
|
QUOTE(spencerlooi @ Dec 7 2011, 07:44 PM) Hi Homefinder / Lucerne, Facing courtyard, please see below pictures and the layout for the type A unit Should be able to view beyond courtyard for Lake and KLCC view. Hi Spencer, Layout seems to indicate office - can use for residential? Would furnishings be relevant for office only or also for residential? (e.g. cabinets/appliances etc that come together) 10% discount still applicable if take over booking? Any DIBS? This is leasehold right, how many years left? Expected completion end 2013? Thanks |
|
|
|
|
|
propline
|
Dec 8 2011, 04:34 PM
|
New Member
|
QUOTE(spencerlooi @ Dec 8 2011, 02:51 PM) Hi Propline, Yes you are right, the SOHO concept is small office and home office, in this case, the layout is more office like and it dependant on the owner to make it a residential or office unit, the completed furnishing will be cover for air conditioning, kichen cabinet, toilet utilities (shower bath, hand shower, sunken bathtub concept) and plaster ceiling with downlight. 10% discount still valid when take over the booking, no DIBS Leasehold expiring on 20th Nov 2106 (left 95 years) Expected to complete in June 2013 Thanks. Thanks for the reply. No DIBS for 2 years will mean the total interest paid will be close to the 10% discount already so will be tricky to sell at good profit unless buy for own use. Any idea what the expected rental could be like? If SOHO, considered commercial and can get 85% loan margin? Or still under residential 70% LTV? A lot of discussion already about SOHO being used for residential, did Zetapark's developer mention this is allowed? Cheers |
|
|
|
|
|
propline
|
Dec 8 2011, 06:40 PM
|
New Member
|
QUOTE(spencerlooi @ Dec 8 2011, 06:05 PM) Hi Propline, The discount 10% is equivalent to RM35,820. Just did a rough calculation, for 85% loan margin of 300K loan, the total interest in 2 years should be below 13K, even if the property price is not appreciating that much for a handsome profit, we can at least rent out easily since this is a small size property, no idea on the rental price yet. SOHO is considered comercial property and max loan margin is 85%. Already checked with the deveoper that confirm no issue for SOHO being used as residential unit. Same security as phase 3 the loft - 3 tier security (to carpark, to lift lobby and to the unit itself) Cheers. Thanks for the reply. Just did a quick calculation - 300k loan, at say 5% interest p.a. for 30 years will mean monthly instalments of over 1.6k. Plus maintenance fees, I think it will be very hard for any rental profit to be honest. So I'll have to pass, tempting as the 10% discount and 85% loan margin is! Perhaps someone who wants to buy for own stay will find this appealing. Low entry (need to pay only 5% right, since 10% discount and 85% loan). Maybe you can go to the developer's office this weekend (but keep a low profile) and approach those who are looking at the residential units recently released - I'm sure you will find a buyer to take over yours! Cheers! |
|
|
|
|
Quote
0.0279sec
0.93
7 queries
GZIP Disabled