How many percent sold for this project? How many types of layout for this projects? If still have 29 % rebate with IOI financing, this worth to consider.

This post has been edited by netcrawler: Jan 30 2021, 11:40 PM

Until end of today.

So fast to be ended? Just wanted to know about the offer further but going yo end today? Should have extend few more months until covid subsided.

Are they allowing visitors during MCO?

There's an ongoing thread you may refer to: https://forum.lowyat.net/topic/5091003
But i'll copy paste what I wrote for those interested here.

Basically it's a "loan" up to 40% of SPA value that IOI will be providing for a period of 10 years. Within this 10 years, 3 scenarios will apply if you choose to sell, with the following assumptions:

SPA Price: 1mill
IOI finance: 30% (300k)
Price paid today (loan amount): 70% (700k)
Market value: 800k (based on valuation report by the bank at the time of loan - meaning today not when you sell the property)

Scenario 1: Sell below market value anytime within 10 years
Impact: Return 100% of this loan, 300k payback to IOI

Scenario 2: Sell above market value at 900k within first 2 years
Impact: Return 100% of this loan (300k), plus 30% of profit (900k - 800k X 30% = 30k), total payback 330k

Scenario 3: Sell above market value at 900k within 3rd to 10th year
Impact: Return 50% of this loan (150k), plus 15% of profit (900k - 800k X 15% = 15k), total payback 165k

Scenario 4: Sell after 10 years (from date of booking made)
Impact: Loan is waived upon 10th year, so no need payback anything to IOI

Now here's the catch - usually when applying loan we will want to go for bank that has highest valuation so will get higher margin, but in this case it will make it harder for us to dispose the property within 10 years at a "profit".

Their panel bank PXX will usually give the best rates but will value your property close to SPA price! Whereas other banks will probably value it 20-30% less, in which case you will have to top up the difference from your own pocket (balance of down payment if you can't get 70% margin).

So basically only go for this scheme if you're very confident about not selling within 10 years, otherwise you will be paying a heavy price (100% SPA value + any interest incurred).

I heard from SA the promotion for 29 % ended. Now is 27 %......

How about IOI financing?

29% during MCO, what's the point? Just to attract ppl then now said 27% only...Maybe still OK, but good marketing anyhow...

The 27% for IOI financing still attractive on top of the current discount. How much is the discount packages on offer now?

This post has been edited by netcrawler: Feb 1 2021, 05:58 PM

Probably will have a look after MCO. Dunno still got ioi financing and discount after mco

Previous first launch buyer seem like rugi

Ioifinance is the discount. Refer to post #1129 already explained in great details.

Yes. Many ioi projects also cheaper now than the early birds.

Early birds served interest during construction period and kena mot and loan stamp duty. Now under hoc no need stamp duty.

However take ioifinance 10 years cannot sell.

This post has been edited by keane04: Feb 1 2021, 11:25 PM

unethical developer

market not good.. no discount how to sell.....everything also drop.. ..............

Not fair to early birds , i think paper lose 35%+++ then need be careful their future project , never care their supporter

This is different between Sunway property & IOI property, Sunway is having long term mindset, they very concern on market need or customer need and planning for future vision and goal. But for IOI they just having short term mindset. Myself having property of Sunway & IOI, I feel confident buying Sunway project, but IOI project is like pasar harga, always change discount suka suka, early bird always being trapped buy on high price.

Can complain to YB YBY ar?

U mean YB superman?

ya hor, superman also staying here. Can ask him complain to YBY aka Mrs. 101