Hi Guyz, need to find replacement puchaser for my booked unit C-07-03 (SOHO phase 2) details are the following:

Selling price : RM352,800
Size : 618 sq feet
Discount : 10%
After discount: RM317,5200
Freebies : 1)Free Legal Fees for Sale & Purchase Agreement (SPA)
2)Free Legal Fees for Loan Agreement
3)Free 1 car park
4)Designer plaster ceiling with downlight
5)Free split unit air-conditioning
6)Kithcen cabinet, electic hobs and kitchen exhaust hob
7)Bathroom include rain shower, hand shower, sunken bath and counter top built-in-cabinet

Basically the unit are partly furnish and are ready for occupant upon completion.

Reason to let go is interested in another property at another area, and needed to get back the booking fees RM5K ASAP.
Is there is anyone interested, kindly contact me at 017-3335688. Thanks.

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.

This post has been edited by spencerlooi: Dec 7 2011, 07:54 PM


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Hi Cyrus,
Sorry, what is HDA means? They can refund but the admin fees is RM1,500. Doesn't want to rugi too much here.

1 car park only

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.

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.

Hi Propline,

Yes, you are right, low entry (need to pay only 5%, since 10% discount with 85% loan margin).
The bright side is when selling this unit upon completion, the min profit is at least 10% (RM35,820) in addition to the high chances of appreciation since new shoplots are mushrooming in that area. (Metro setapak, Plaza Crystal ville, PV128)
Rental profit is really depend on the market that time, coz no idea if it can attract high end market targeting for young profesional / entrepreneur / companies or student
The location is really good since it is adjacent to nearby amenities (TARC, foodstall, banks, hospital, pub, on top of shopping mall with cinema)

Yeah, good idea to go and grab some attention at the sales gallery to look for potential buyer.

FYI, this unit was sold last weekend, thanks.