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Investment THE PLACE@CYBERJAYA [OWNERS' THREAD], Next to Limkokwing University

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bigmamma
post Feb 15 2011, 06:25 PM

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QUOTE(Newborn Investor @ Feb 15 2011, 05:54 PM)
Correct , the now they running discount for 5% only. If want to buy for investment, faster do it , because only balance about 40% of the tower 1 duplex unit = about 30 units only..

The sales informed they estimate can sold out within 3 days from today.

If quite good investment, only pay 5k downpayment then sit until 3 years
the building settle and handover , your loan only start run.
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Just came back from Sales office. The duplex is very interesting, first of it's kind in cyberjaya, I think. Even with 5% discount, I think it is worth investing, for the location and dibs. I am very sure it will be fully sapued in the next 1-2 wks. I have bought one at 14 floor, pool facing at around RM280k b4 discount. I think duplex has rental market too targeting at richer students who wants to stay alone, lecturers, senior university admin staff and owners of retail lots. From the visual, I saw 2 beds. Did not ask SA as too anxious to just buy. Not too many good units left. Avoid 11 floor as the pump room is located there. FYI every floor got at least 2-3 small gardens for people to lepak.
bigmamma
post Feb 17 2011, 08:44 AM

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QUOTE(AndyTan6141 @ Feb 16 2011, 08:52 PM)
Hi Bigmamma..congrats !! What is the size of your unit? 500sqft?
GP buyers....umm...speculators surely feeling the heat now...
I reckon this is the issue with Cyberjaya now...too much land...too many new developments now. With every new launch, the offer will be more enticing and the price more expensive... hmm.gif
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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.


Added on February 17, 2011, 8:46 am
QUOTE(andydemarco @ Feb 17 2011, 02:49 AM)
what is the sqf for duplex again?
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2 sizes 472 and 526 sf. Comes quite furnished


Added on February 17, 2011, 8:52 am
QUOTE(flight @ Feb 17 2011, 06:22 AM)
280k for a duplex unit...? 500sqt @_@?

thats 560 bucks per sqft.

How many units are there and how many people do u think are going to rent it at 1.6k per month?  rclxub.gif

I really want to buy a property.. especially one near a college... but this is a really high price.
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There 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
bigmamma
post Feb 17 2011, 03:20 PM

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QUOTE(chiew9390 @ Feb 17 2011, 12:09 PM)
does it have progressive interests during the construction period?
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Pay nothing till VP and interests all absorb by developer.

bigmamma
post Feb 18 2011, 09:33 AM

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QUOTE(AndyTan6141 @ Feb 17 2011, 09:06 PM)
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... rclxms.gif
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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.

bigmamma
post Feb 18 2011, 09:21 PM

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QUOTE(Newborn Investor @ Feb 18 2011, 06:06 PM)
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...."


Added on February 18, 2011, 6:10 pm
I 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.
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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.

bigmamma
post Feb 25 2011, 05:54 PM

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QUOTE(noswear @ Feb 25 2011, 10:33 AM)
so meaning it does not subject to the LTV @ 70% for third HL? since is consider commercial?
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Yes confirmed up to 85% loan.

bigmamma
post Apr 10 2014, 10:15 PM

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Lagi slow lagi bagus. Got LAD to collect and no need to service loan so fast. MCT, mun mun lei.
bigmamma
post Jul 8 2014, 07:06 AM

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[quote=Soros007,Jul 8 2014, 06:26 AM]
But it's still a student place....
quote=MrHunter,Jul 7 2014, 09:54 PM]
The place's duplex suddenly look like a steal now compare to recently launched studio. Not to say it is right besides Limkokwing uni and not far away from future cyber city centre (CCC) project.
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[/quote]
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I see nothing wrong with student place. At least it is near to a university. Unlike more condo projects which are near to nothing. Near to university, called student place. Near to nothing should be called ghost place. rclxm9.gif rclxm9.gif :hyper:Hope my 3 units of student place condo will do well after handover.
bigmamma
post Jul 8 2014, 07:29 AM

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[quote=Soros007,Jul 8 2014, 07:15 AM]
Haha... Definitely good rental from the students and much better than those recently launched soho sofo studio asking ridiculous price unit.
I see nothing wrong with student place. At least it is near to a university. Unlike more condo projects which are near to nothing. Near to university, called student place. Near to nothing should be called ghost place. rclxm9.gif rclxm9.gif :hyper:Hope my 3 units of student place condo will do well after handover.
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[/quote]
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thumbup.gif thumbup.gif thumbup.gif
bigmamma
post Sep 9 2014, 07:41 AM

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QUOTE(lawrencelee1031 @ Sep 8 2014, 11:26 PM)
I strongly believe opening price once completion nothing less than 450k as the rental can Fetch up to 1.8k. 😃
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Ini macam banyak bagus leh. When I first bought, I was worried to death about the potential. Which one is better, duplex or studio in term of rental demand?
bigmamma
post Oct 19 2014, 03:26 PM

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QUOTE(37 Exposures @ Oct 19 2014, 01:26 PM)
500k thumbup.gif
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RM500k plus LAD rclxm9.gif rclxm9.gif rclxm9.gif
bigmamma
post Feb 12 2015, 07:21 AM

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QUOTE(ckyeong @ Feb 11 2015, 11:41 PM)
Sold to individual and managed by mct. If u wanna rent the shop, u should call mct
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Sure boh, managed by MCT? I think they only help owners to find tenants like many developers do. They don't decide on rental mix and rental. Owners still hv all the rights.

 

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