Hi. I bought a bit late. Signed snp may 2013. Empty unit 1BR. Plan to rent out

yes, please count me in as well in Facebook page.
bought 1 room block A fully renovated at old price (before 20K increased)

i have just created a fb page name Montena Sovo Alam Damai

the link as follow:

FB.com/montenasovo

Please like the page and i will feed in more information. Anyone keen on being the web master?

Great job Mr. Ject
I'm IN the fb page.

Allow me to post some photos to brighten up the fb page.

I also in...thanks

Ladies and gentlemen,

Please join us, a friendly & caring community in FB GROUPS (not FB page) created by Mr.Ject.

MONTENA SOVO SUITE @ Alam Damai

https://www.facebook.com/groups/253057951528237

pls dont forget to share in this thread after creation of the FB group....

latest construction site progress report with photos

SHOPLOT NEXT TO PETRONAS, OPPOSITE SHELL STATION



MONTENA SOVO SUITES



This post has been edited by kwongwee: Feb 5 2014, 05:49 PM

I'm interested in this project. Any agents who still have available unit please do pm me. Not interested in sub sale. Thanks

Hi all buyers/ investors/ master

Do you have any idea of GST implemetation on next year? Do you think it will affected to the buyers already signed SNP?

If Montena isnt cover under HDA, the SNP agreement just only between the buyer and developer. And developer may favour themselves in the agreement. Meanwhile, developer may request buyer to pay for the GST, during construction period on next year onwards.

MRT 2 and SUKE both infront of the building ????still workable ??? in doubt..

anyone got latest news on the construction of this project?

Still got unit left? Until now passed by everyday only see they work site clearing ... But the shoplot beside almost complete

Since this is not under HDA and is SOVO, GST will apply from 1 Apr 2015

If not cover by loan, need to pay sendiri??

if the original owner is not declare as GST tax payer, then the future buyer or tenant no need to pay the GST 6%,
unless the original owner is a company and annual turnover is more than 500K, in which compulsory to be a GST tax payer.

Bro, when the developer bill the purchasers need to charge GST to the purchasers, right, since this is SOVO and classified as commercial?

This is only applied to newly launched project which launch after 01 April 15...montena has launched quite some time
so in future sales, either is sold by individuals or those who buy by using company name
so for future subs ales, it won't be affected for those who bought by individuals name and not declare as GST payer

Bro, u better check with the developer...all progress billing after 1 apr 15 for commercial properties is subject to GST

Say the unit is 400k and 300k has been billed before 1 apr, the 100k after that will need to pay 6k GST by the purchaser to developer

Yes u r actually correct. All disbursements post gst implementation will need to pay gst even if spa stamped before gst

GST is applicable to all billing done after 1 April 2015, not only for projects launched after 1 Apr 2015. For commercial projects like Montena, the developer will pass on the GST to purchasers. Since the project only reaching 2nd floor as of today, there are high chance that all purchasers have to pay 6% GST for the remaining unbilled 70-80% of purchase price.

Btw, the project is suffuring serious delay. Don't think it can be handed over to purchasers as per schedule.