E, D, and C comes in bigger units like 1.5 to 1.6ksqft and are mostly sold out.
The units in Block B are rather awkward in its layout.

Unit Type B in Block A is the most popular with the most balance space between room, living, kitchen and yard.
So Block A is generally selling faster, Block B is still pretty empty.

Interestingly, the price and its design is also attracting young couples at 30+ purchasing that block while the bigger ones attracts slightly more mature crowd at 40+

May i know what's the package that are offering now? Thanks

Latest package is 29% rebate. But with condition that if sell the unit for profit within 10 years, have to split the profit with IOI.

1st to 2nd year split is about 30%, 3rd to 10th year is about 15%.

I proceeded since buying for ownstay and rebate is quite good. Net psf about rm508 for my 1,334sqft unit.

Block A? Is there a lot more in units of 1334sqft left? Interested to get one.

Yup Block A. I think for my layout there were about 10 units left when I booked, mostly top and bottom 5 floors.

Can probably check more with the developer, Caroline from their Puchong sales gallery is very helpful.

That's a very good deal. Visited on few occasions, ample visitor parking space, huge facilities, very good for own stay. Only 15-20 mins to Pavilion Bkt Jalil, Bdr Puteri, Pyramid

Just joking... If rugi they got help to tanggung 30% or 15% onot... 😂

Wow, with hoc somemore... This is best deal.

Got strata title already ??

Haha no ler. It’s actually the opposite, if sell at a loss then have to give back the entire 29% rebate to developer. Seems like they are quite smart with this scheme, since will be able to clear stock and still get profit share / prevent ppl from flipping.

Anyone know if this sort of rebate structure is normal or has been done before?

How do they know whether u have sell it or not? Once strata title issue and transfer to u... I wonder how they check.

What does this mean? If sell at profit, need to give 30% or 15% of profit
If sell at loss, need give back 29%?

Yes. This is applicable for 10 years then you’re free to do whatever you want. So if considering for investment better skip this project.

Good point, will check up on this more. If not mistaken strata title has not been transferred yet but I could be wrong.

ya, title is not here yet, probably another 1 year.

any idea if Type D still available?

this current package if ownstay is very good, if invest then need to wait the suitable time to come.

by the way, 1334sqft left 1-4th floor and top 2 floor only, really quite some bookings. that day my client shortlisted 2 units and in just 3 hours time, another unit was booked by another buyer, so he fast fast action to locked his another shortlisted unit.


This post has been edited by lysiew: Jan 13 2021, 07:57 AM

ya, 1658sqft in Type D still got some

Basically they are structuring this 29% rebate as an interest free "loan" that will be 100% waived after 10 years since your booking date. But if you sell within 10 years, you have to pay back this loan based on certain terms and conditions as shared earlier - either through profit sharing if sold at profit or the entire amount if sold at loss.

Keep in mind that the the definition of profit or loss is based on market value and not SPA price, which will be the amount in your valuation report at time of loan approval.

They did mention that no other developer has done this before, but their term sheet for this incentive is quite confusing so will be seeking some legal advice just to make sure everything is as per what was communicated.

After checking with the developer, you will have to sign a term sheet that includes a private caveat on the property title as security for the loan / rebate. This means that if you sell the property within 10 years, the land authority will notify IOI that a transaction is being made and they will contact you to ask for details on your sale and enforce the profit-share accordingly.