Mine is 526sf pool view. I like the layout and the furnishing to be provided by the developer. I think this investment will do well.

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Added on February 17, 2011, 8:46 am2 sizes 472 and 526 sf. Comes quite furnished

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Added on February 17, 2011, 8:52 amThere are going to be more than 10k students, many lecturers, many admin staff of LKW and many owners/tenants of retail biz of The place and nearby. I think rental should not be a problem at RM1.6k with an unique design like the duplex. I am confident. Our exposure with initial payment of just RM5k, DIBS and 3.5 years time horizon, I must say upside is more than down.


This post has been edited by bigmamma: Feb 17 2011, 08:52 AM

does it have progressive interests during the construction period?

Pay nothing till VP and interests all absorb by developer.

wad about the loans and stuff? do we need to get the bank to approve the loans first?

This post has been edited by tunasandwich: Feb 17 2011, 04:59 PM

Studio unit already sold out. Only left duplex unit. This project is under commercial title, not under residential and bank negara 70% LTV ruling is not applicable. Can apply up to 80% loan. Still have to pay 20% upfront.

Singapore's property giant Capitaland's Ascott unit today announced it will be operating a serviced residence in Cyberjaya. The project is within D'Pulze Cyberjaya.

More iconic things coming to Cyberjaya.



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new gameplay for expat market at that area there

but i reckon this project is targeting LKW students more than expat
for duplex unit, that's a consideration factor for you

still need to put 20% dp...? not 5K....?

Hi Bigmamma, have you signed the S&P or talked to the bankers? Interested to know what rates and loan package they will be offering you...
Do share. Thx...

Down payment is for booking, not sure how much. Most probably rm5k. 20% is the difference between loan amount and purchase price..

They have not called me to sign S&P. My banker, Maybank is in the midst of finalising their agreement with developer thus cannot give me a quote.

The Duplex unit price already included the built in cabinet , but exclude the
loose furniture like dining table , sofa , bed and etc.

I also forgot how many unit there , i think around 100 unit gua.

Duplex is target for the rich students , couple , lecturer, foreign student. It still have
their own market ,but compare to studio type, i also think this is more difficult
to rent out compare to studio type. But see your own strategic to promote your unit la.

This investment attractive point is we no need to pay any cents of the interest of the loan.
Just need to pay the 5k downpayment, after 3 years then when get key, only start run the
interest. 3 years after ..... how fast the property value boom in cyberjaya area...
does the value of the unit will raise or drop, you can calculate and think on it.
We wish during the time get the key , you can direct sell out the unit.

Because......

"I had bought 1 unit studio type there with 15% discount...."

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Added on February 18, 2011, 6:10 pmI also called to few panel banker, but few didnt pick up my phone.
I only can get the Ambank , UOB bank and Standard Charter.
Affin in finalise agreement with developer and will feedback on next monday.
Other.... dont know... may be too much purchaser call, no time to settle
it.

Try next week la.

This post has been edited by Newborn Investor: Feb 18 2011, 06:10 PM

thanks for sharing on the banker info
i will start calling them next week to see if they have finalized the deal with MCT

indication is that for commercial title regardless of property type bankers will give about BLR-1.5 for property price less than RM300k and up to -1.9 for amount more than RM300k. Told to me by a couple of bankers. Let's compare rate before signing next week.

300k for a 500sf in cyber....
this is ridiculous.
some more it if off the center hub....
have you guys consider shaftsbury than this?

Ahem ahem....I did...why dont you visit their show unit to see for yourself.

This is the price for Garden Plaza and not The Place. For latter, it's 240k for 540sf and NEXT to LKW Uni of 9500students. Summore The Place is the ONLY studio next to LKW unlike so many condos circling MMU.

To me, this is far better than Shaftsbury in terms of demand, rental yields and pricing. If u r a student at LKW， dun u agree The Place is most convenient？

do the homework 1st before becoming a keyboard hero
this project is targetting LKW students
why drag shaftsbury (which is km away from LKW) to this thread?

This post has been edited by lelynx: Feb 21 2011, 01:26 AM

Hi, anyone ord get offer from the banker for the place project? what is thier interest? and how % can loan out?

so meaning it does not subject to the LTV @ 70% for third HL? since is consider commercial?