Of course I like saville, coz I stay in setapak.
can not say Koi Prima no good coz I havent
been there before. Thats why asking your
opinion.

Anybody started to apply loan for this project? How many panel bank so far and is the loan amount approved meet the remaining 90% of the unit price?

Only UOB

i think i give up this property... coz just loan Theleafz

Are you able to get full loan amount?

Not yet apply. Bcz I reserving my quota for other properties, then only apply for Koi Prima.

which property u referring ? for investment?

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Added on January 26, 2012, 11:50 pmWho start loan ?

This post has been edited by jasonooi: Jan 26 2012, 11:50 PM

went to see this area, seem like not very attractive for now....hmmm

This post has been edited by kry183: Feb 2 2012, 04:09 PM

Yup. Actually I do agree that the location and it's price as at today, it is very expensive. Max I value this at RM 300 per sq ft.

Anyway, they are delaying and estimate completion would be 2015, therefore, since that area is booming with Tesco and 2 LRTs are coming, couple with current development and future development , it still has potential.

Moreover, the bonus points to satisfy ourselves would be not much project offer less than RM 400k, with 10% discount ( biggest selling point ) , 2 carparks and freebies, making easier for rental purpose.

At worst, say the sub sales price after completion is RM 420-430k, it still has good return assume that you purchase Phase 1, initial payment RM 500 with buying at RM 330k after discount, loan 90% at RM 330k, subsales S&P at say RM 6k, Exit penalty 3% or RM 10k, agent fee 2% at RM 8.5k and progressive interest for 3 years at RM 20k, overall RM 35k

RM 100k profit - RM 35k = RM 65k profit within 3 years and starts from RM 500 capital.

This is minimum I can foresee where I don't see any much new condo ( launching now ) can sell below RM 430k.

Good analysis

I agree this is not yet a perfect location as of now, but it still has its selling point.

The competition will be very high as nearby got few other options below given 430k Koi Prima subsale beside total 1283 units with 5 blocks at Koi Prima.
1. Calisa which is more cheaper
2. Double storey house freehold with smaller build-up about 1400sqft at Taman Putra Prima
3. The Wharf condo which is also lease hold with higher price but with the Shopping and retails besides
4. Coming SOHO at Taman Bukit Puchong 2 beside Tesco
5. Reserve land at Taman Putra Prima for apartment - not news yet

This post has been edited by Guppy11: Feb 3 2012, 05:16 PM

Talking about early bird's deal. As I know they can get lower than RM300k for an intermediate unit, which will be RM2xxPSF. This is its biggest selling point. Of course if it is selling at the same price as Wharf, I bet majority will choose Koi...unless those prefer peace and keen to keep a distance from the crowded area. Same goes to Tmn Bkt Puchong 2 beside the new Tesco.

PBB officer calling me saying can get loan package BLR-2.5....anybody in the processing for apply loan?

i just sumbit my document today only, how many years you apply? 30 or 40?

Is PBB also one of the panel bank? Previously I heard UOB is the only panel bank at the moment, while Maybank may be a potential panel bank in a later time. Please advise.

from the sale agent, now panel bank hav UOB, PBB and Ambank for koi prima...

PBB should have no prob become their financier bcz most of Koi's projects are their panel.

Ambank also become their panel dy? Wow.

So fast, hmm.

May i know which bank offer the best rate???

If not mistaken, according to ur post earlier, the PBB offered u BLR - 2.50%, I think that would be the best rate.

Market only max BLR - 2.40% for Koi's loan size of 300k+

maybe u better check the terms?

I hIghly doubt pbb can offer Blr -2.5% for that price range, most probably mortgage officers overpromise, or just the first year or first two years -2.5%.....mark my words!