Welcome Guest ( Log In | Register )

8 Pages < 1 2 3 4 5 > » Bottom

Outline · [ Standard ] · Linear+

> Senza Residence @ Bandar Sunway, DK - MY Properties

views
     
Neoh1979
post Jun 15 2011, 01:26 PM

Regular
******
Senior Member
1,811 posts

Joined: Feb 2011
QUOTE(drquek @ Jun 15 2011, 12:54 PM)
Just to share: two friends and myself bought the last three remaining SOHO-A units yesterday.

Price about RM1.1 Million+.

Built up 2430 sf.

Rooms= 5 (including maid's room and SOHO office)

The developer offer 5% discount with DIBS scheme, zero legal and loan fee/stamp duty.

Guaranteed rental at RM5,500 per year for three years. Optional after that.

According to the agent all units sold during pre-launch.

Not sure about availability of B to NB units though.
*
Wah rm5500 guaranteed return not bad,
Somemore got dibs n nothing to pay, except
10%. can consider.....since good location
1ullaby
post Jun 15 2011, 01:32 PM

What The ...
******
Senior Member
1,784 posts

Joined: Feb 2011


Hmm , but I suspect the guaranteed return is more like Arc Residence, leaseback to developer, rather than like Casa Subang on top of your rental style, coz was mentioned optional after 3 yrs ... drquek can you confirm this?

Anyway 5500*12 / 1.2mil = 5.5% gross yield
if like Arc den better to manage ur own property dy

This post has been edited by 1ullaby: Jun 15 2011, 01:48 PM
SUSUFO-ET
post Jun 15 2011, 01:33 PM

Look at all my stars!!
*******
Senior Member
6,747 posts

Joined: Sep 2010


QUOTE(drquek @ Jun 15 2011, 01:15 PM)
Yes, I am talking about Phase 1.

Not sure when Phase 2 will be launched.

I just heard they have reserved some units during launch. So watch out!

For your info, all the units sold during pre-launch are to the developer's staff, business associates and agents.

This adds to the confidence of the likely completion of the project.
*
any master plan, can share?
kendotnet
post Jun 18 2011, 01:50 PM

New Member
*
Junior Member
28 posts

Joined: Sep 2008
Hi everybody,

Ken from Public Bank HQ sales and marketing. If you need financing for this project, feel free to contact me.

Regards,
KEN
+6017 3707 235
kenweitang@gmail.com
SUSUFO-ET
post Jun 18 2011, 01:58 PM

Look at all my stars!!
*******
Senior Member
6,747 posts

Joined: Sep 2010


QUOTE(kendotnet @ Jun 18 2011, 01:50 PM)
Hi everybody,

Ken from Public Bank HQ sales and marketing. If you need financing for this project, feel free to contact me.

Regards,
KEN
+6017 3707 235
kenweitang@gmail.com
*
ada jalan ke?
kendotnet
post Jun 18 2011, 02:02 PM

New Member
*
Junior Member
28 posts

Joined: Sep 2008
QUOTE(UFO-ET @ Jun 18 2011, 01:58 PM)
ada jalan ke?
*
maksud?
SUSUFO-ET
post Jun 18 2011, 02:16 PM

Look at all my stars!!
*******
Senior Member
6,747 posts

Joined: Sep 2010


QUOTE(kendotnet @ Jun 18 2011, 02:02 PM)
maksud?
*
Do you know any early bird want to sell or not?
kendotnet
post Jun 19 2011, 11:58 AM

New Member
*
Junior Member
28 posts

Joined: Sep 2008
QUOTE(UFO-ET @ Jun 18 2011, 02:16 PM)
Do you know any early bird want to sell or not?
*
At this point of time, I doubt any early bird purchaser will sell.

drquek
post Jun 23 2011, 06:26 AM

New Member
*
Junior Member
7 posts

Joined: Jun 2011
Yes, very unlikely. Unless they can't get loan.


Added on June 23, 2011, 6:36 am
QUOTE(1ullaby @ Jun 15 2011, 01:32 PM)
Hmm , but I suspect the guaranteed return is more like Arc Residence, leaseback to developer, rather than like Casa Subang on top of your rental style, coz was mentioned optional after 3 yrs ... drquek can you confirm this?

Anyway 5500*12 / 1.2mil = 5.5% gross yield
if like Arc den better to manage ur own property dy
*
Yes, one can always manage on his/her own to get higher return. Any smart investor will do so.

Considering the size of the student population at Taylor's University (projected at 40,000), it will not be a problem getting tenants for any properties within walking distance to the University. Currently this type of accommodation is in great demand. Due to shortage in supply, many students are forced to live far away and pay very high rental. The University currently provides shuttle bus services for them.

The University has signed a tenancy agreement with the developer which gives rise to the guranteed rental return.

Moreover, based on projected rental in the area (RM750 per bed currently vs projected RM1000 in the near future), it is possible to fetch much higher rental if manage own self.

A SOHO unit (>2,400 sf) can fit in 9 students comfortably based on twin sharing.

A selling point to wealthy foreign students is the "high class" lifestyle with full recreational facilities and security. Something you can't find in normal flats/apartments.

This private University has 50% foreign students, many are from well-to-do background.


This post has been edited by drquek: Jun 23 2011, 07:05 AM
terradetey83
post Jun 23 2011, 10:04 PM

New Member
*
Junior Member
34 posts

Joined: Apr 2011
Hi,

This is Sean from Ambank, if you need financing with 0% interest, feel free to contact me.

0173723937
piaoshean@gmail.com
drquek
post Jun 25 2011, 09:49 AM

New Member
*
Junior Member
7 posts

Joined: Jun 2011
QUOTE(terradetey83 @ Jun 23 2011, 10:04 PM)
Hi,

This is Sean from Ambank, if you need financing with 0% interest, feel free to contact me.

0173723937
piaoshean@gmail.com
*
What do you mean by zero interest?

What is your minus BLR?

skoh30
post Jun 27 2011, 09:56 PM

New Member
*
Junior Member
7 posts

Joined: Jun 2011
PM Replied.

This post has been edited by skoh30: Jun 5 2018, 02:15 PM
SUSUFO-ET
post Jun 27 2011, 11:00 PM

Look at all my stars!!
*******
Senior Member
6,747 posts

Joined: Sep 2010


QUOTE(PeterChai288 @ Jun 8 2011, 12:54 AM)
If they are offering Developer Interest Bearing Scheme (DIBS) package, then no more fear liao...
I dun know this condo got this offer or not?Suppose all high end now offer the same lo...
I believe if the developer can offer this scheme, mean they had a very strong financial backup...Or else, we just lost 10% of our deposit nia...
*
If 50% half way abandon, with DIBS, you are going to bear 50% of purchasing price too.. Yr bank will continue serving progressive payment (with no interest charge on borrower oni)
However, this project is quite safe
spikyz
post Jun 27 2011, 11:20 PM

Regular
******
Senior Member
1,341 posts

Joined: Sep 2008
hmmm it used to be a mine. they covered the mine with alot of soil. hopefully its strong enough =)
SUSUFO-ET
post Jun 28 2011, 01:59 AM

Look at all my stars!!
*******
Senior Member
6,747 posts

Joined: Sep 2010


QUOTE(spikyz @ Jun 27 2011, 11:20 PM)
hmmm it used to be a mine. they covered the mine with alot of soil. hopefully its strong enough =)
*
Check E&O Sri Tanjung, sea landfill some more...
With proper piling and earth work, no problem at all
kochin
post Jun 28 2011, 06:59 AM

I just hope I do!
********
All Stars
10,278 posts

Joined: Dec 2009
From: Malaysia


QUOTE(UFO-ET @ Jun 27 2011, 11:00 PM)
If 50% half way abandon, with DIBS, you are going to bear 50% of purchasing price too.. Yr bank will continue serving progressive payment (with no interest charge on borrower oni)
However, this project is quite safe
*
not true. i think the loan legal agreement does state that in the event the developer failed to pay any monies either principal or interest, the onus always falls back to the person taking the loan. and please read in bank's loan legal agreement or offer letter, usually DIBS scheme is also only valid for 36months only. anything more, i think th ebank is assuming the purchaser would be able to repay the interest fromt he LAD that he/she is going to be getting.
after all bank doesn't really care who pays the bill as long as someone picks up the tabs.
beside this thread, it astounds me so many people are thinking that it's safer to buy DIBS prop. they thought that if project is abandon half way or otherwise, they need not continue to service the bank interest + installment.
the above are my intepretation. please feel free to correct me.
thanks.
SUSUFO-ET
post Jun 28 2011, 09:47 AM

Look at all my stars!!
*******
Senior Member
6,747 posts

Joined: Sep 2010


Correct correct, I do mean that too! Bank definitely will charge the interest on the borrower for whatever outstandings (but not before the abandon period).
I am referring the the previous guy who thought purchaser's risk is only limited to maximum 10% only in the event that project is half way abandoned.
He misinterpreted the meaning of DIBS already (thought bank will only make the 1st drawdown after the completion of the project, which is wrong).
Thanks bro!
*


This post has been edited by UFO-ET: Jun 28 2011, 10:39 AM
thxxht
post Jun 28 2011, 11:36 AM

Casual
***
Junior Member
356 posts

Joined: Oct 2008
so all the units sold out already? for phase 1? howabout phase 2 and 3 as shown on the location map?
iceicy
post Jun 28 2011, 03:55 PM

Getting Started
**
Junior Member
60 posts

Joined: Dec 2008
DK-SENZA RESIDENCE
service apartment
1.SOHO A&B RM1,049,650-RM1,111,500

2.A,B,&C:RM449,100-RM752,950

3.A1,B1&B2:RM611,025-RM734,600

4.D:RM1,086,800

For Loan Amount below RM300k
Whole Tenure : BLR - 2.30%
RM300K and above BLR-2.4%
Terms & Conditions:
Lock-in: 3 years
provide MRTA and MLTA
PM me for further inquiry for loan only!

regards
shanlyn
ALEX168
post Jul 4 2011, 01:45 AM

New Member
*
Newbie
2 posts

Joined: Jul 2011
Hi everyone,

PM me if you interested to know more and want to buy the SOHO units. Thanks.

8 Pages < 1 2 3 4 5 > » Top
 

Change to:
| Lo-Fi Version
0.0284sec    0.45    6 queries    GZIP Disabled
Time is now: 29th March 2024 - 08:15 PM