Mar 9 2013, 07:41 PM
QUOTE(cybermaster98 @ Mar 9 2013, 07:26 PM)
Is this really worth considering? The 'returns' seem too good to be true:
1) 18 years GRR at 7.5% for serviced suites and 8.0% for retail lots
2) 18 years free maintenance but need to pay sinking fund which is 1%
3) DIBS scheme but completion next year
4) Loan rate not fixed by developer. Depends on bank so if u can nego better rates, then good for u
5) Capital appreciation of 9% guaranteed
6) Free SPA and legal fees (need to pay for loan legal fees)
7) Units can be sold subsale after VP.
There are only a few units available. But saw a few <400 sf costing about 380K. I know the psf price is high for this area but im more concerned about the GRR and capital appreciation. They claimed its all in black n white.
Yes boss is it investable? I have offer of 1 unit at RM665 psf. Concern is the klang property Market has no flavour for This kind of shoe box unit n the reliability of the guarantee. The developer boss is owner of goodnite mattress n CASA nova furniture n related to empire mamoth boss. 1) 18 years GRR at 7.5% for serviced suites and 8.0% for retail lots
2) 18 years free maintenance but need to pay sinking fund which is 1%
3) DIBS scheme but completion next year
4) Loan rate not fixed by developer. Depends on bank so if u can nego better rates, then good for u
5) Capital appreciation of 9% guaranteed
6) Free SPA and legal fees (need to pay for loan legal fees)
7) Units can be sold subsale after VP.
There are only a few units available. But saw a few <400 sf costing about 380K. I know the psf price is high for this area but im more concerned about the GRR and capital appreciation. They claimed its all in black n white.
The retail units also quite fully sold But can retail at this location be successful? Is there lack of supply of hotel in klang?
The auto capital appreciation adjustment of 9% is quite attactive of course if there is no default of guarantee lah
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