Kiara Residence 2 @ Bukit Jalil v2


Nestled within the fast developing Bukit Jalil corridor, Kiara Residence 2 dazzles with its touch of timeless elegance. Wrapped within a bright and breezy ambience with resort style facilities, Kiara Residence 2 will appeal to the young and trendy professionals looking for lifestyle homes.

Kiara Residence Phase II is a leasehold high-end apartment comprising of 720 units housed in 3 blocks. Built-ups rang between 1,069 sq ft to 2,700 sq ft, with 3 designs to choose from. Configured in 3 to 4 bedrooms with 2 to 3 bathrooms, each unit offers more than enough personal space for each household member.

All units are corner units – essentially they are semi-Ds in the sky. With only 8 units per floor and 4 units per quadrant zone, you are ensured a peaceful and quiet abode. For your convenience, each block is serviced by 3 lifts.

Convenient Location
Going places will be a breeze for its residents as Kiara Residence has a network of highways nearby. These include the Bukit Jalil Highway, Kesas Highway, LebuhrayaPuchong – Damansara (LDP) and Lebuhraya Kuala Lumpur – Putrajaya (Maju Expressway). The project is also within walking distance to a proposed park and ride LRT station.

With established neighbourhoods like OUG, Taman Yarl and Sri Petaling nearby, accessibility to educational institutions, leisure, financial, and other public amenities are all well within easy reach. Endah Parade is one of the shopping complexes located within close proximity to the development, with Carrefour hypermarket as its main anchor. Golf enthusiasts will be delighted to know that one of Klang Valley’s most talked about golf course, Bukit Jalil Golf & Country Resort is right at its doorstep.


FACILITIES
- Infinity pool
- Modern glass wall gym next to pool
- Jogging track
- 2 acres of lush landscaping
- Water canals
- Cascading waterfall
- Rainforest
- Sky Garden


6-TIER SECURITY CONTROL

Card access at guard house
Card access at lift lobby
Lift access only to your respective floor
Card access to quadrant zone
CCTV
Patrolling guards


EXCLUSIVE FEATURES

DEVELOPER INTEREST BEARING SCHEME
7% SPECIAL REBATES FOR EARLY BIRDS
FREE AIR-CONDITIONING TO MASTER BEDROOM, BEDROOMS 1 & 2, LIVING / DINING AREA
FREE WATER HEATER TO BATHROOMS 1 & 2
FREE KITCHEN CABINET WITH COOKER HOB & HOOD
FREE DECORATIVE GRILLE AT MAIN ENTRANCE
FREE 8 FEET HIGH DOORS
ECO-FRIENDLY PAINT

TOWERS

3 Towers each with 30 storey residence on top of 5 storey car parks and facilities floor.
Tower 1 & 2 each floor has 6 units of Type A each floor, 1 unit of Type B (No. 5) and 1 unit of Type C (No. 8)
Tower 3 each floor has 4 units each of Type B4 ( 1,276 sq feet ) and Type C ( All Corner Units )
Tower 3 is the premium tower with prices slightly above Tower 1&2 due to sole tower, sole lift lobby, and facing KLCC / Golf Course.
Each Tower comprises 240 units residence with combined 720 units.

TYPES

Type A - 1,067 sq feet
Type B - 1,267 sq feet
Type C - 1,457 sq feet

Type A/B/C : Standard Layout Plan for Level 2-22
Type A1/B1/C1 : Units ( of above standard layout ) with slightly bigger balcony at Level 23- 25.
Type A2/B2/C2 : Units ( of above standard layout ) with extra lanai ( master bedroom ) at Level 26- 30.
Type A3/B3/C3 : Respective type ( of above standard layout ) with extra garden at Level 1.

SALES STATUS

As at 29/7/2012 : About 88% fully booked and Pending S&P Signing
As at 1/12/2012 : About 94% fully booked and 70% had signed S&P
As at 26/7/2013 : About 99% fully booked and 96% had signed S&P


PRICING

- Upon opening preview, RM 434 - RM 476 before 7% early rebates
- Official Soft Launch 14-15th April 2012, all Type A and B increased RM 20,000 and no increase for Type C
Therefore, Type A & B estimated RM 435-445 psf after 7% early rebates and Type C estimated from RM 402-430 psf after 7% rebate
- All Type A and B ( if any loan rejected units ) will be increased RM 50,000 ( if 2 car parks ) or RM 70,000 ( if 3 car parks )
- Type C increased only RM 20,000 and might be increase after CNY since Type B left 2-3 units at 2nd floor.

VIDEO

http://www.youtube.com/watch?v=xtL3qjyWdSY

DEVELOPER

http://www.knox.com.my/

BLOG

http://www.kiararesidence.blogspot.com/
http://uncletommywong.blogspot.com/p/kiara...2-overview.html

ARTICLE

http://www.thesundaily.my/news/102538

CONTINUE FROM PREVIOUS LYN THREAD

v1 - http://forum.lowyat.net/topic/1816815



This post has been edited by Chris Chew: Jul 27 2013, 12:44 AM

Congratulation !

Created 3.17am and modified 4.27 am. Taikor orang kerusi spent more than one hour staying up in the early morning creating and perfecting this v2 thread.

Chris gor any new development suggestion?

Kiara residence 2 still have unit??

Yay!!!! V2 is finally up, I knew Chris Bro will take the initiative to get this done. Thanks for your effort!

I did called up SA yesterday and question her why there's delay in S&P, she said developer have already finalised all details only waiting for approval from Lawyer thus S&P can only be ready after Hari Raya.

This is all I have for now. I know everyone hates the waiting game but since S&P not ready yet, we just have to sit back. let's enjoy the month of August with Olympics and festive season around the corner. Have a good weekend!!!

Congrat KR2 v2!

Haha, ya, since v1 posts were more than 2,700 and noone willing to create v2, co-incidently ytd night din go anywhere, so ma took some 30 min to copy paste and create this v2...

Yeah, I also dunno how long we had wait this S&P signing time ...,

Gotta submit my doc and chase my loan approval dy. Lol ...

Yay..v2
Was a long thread from v1 and our KR2 taikor created this.
Anyway good job, Chris bro.

Jess TKJ, Call me bro sounds better ... Haha

Hmm, so far no ... Too busy to find out more and no bullet ... Wanted a new DSTH but cant get loan dy so, I had forget it ...

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Added on July 29, 2012, 9:58 pmYes, small and medium units at Tower 1 and 2 all gone. Left quite a number of big units at Tower 3, medium units left not much also, all low floors unit ... It can't sell because low floor units directly facing LRT Station rooftop ...

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Added on July 29, 2012, 9:59 pmWe all waiting you to create but you don't ... I only remember this when I sit in front of my PC yesterday night ... lolz ...






This post has been edited by Chris Chew: Jul 29 2012, 09:59 PM

Whoever created v2 will be the JMB president ... korek or not

yea.. the long awaited v2 has arrived

Habis lah KR2 ...

If i am the JMB, sure turned KR2 become Disco, Bistro or Pub at the Sky Garden, SPA, etc and too much events especially Euro 2016 and World Cup 2018 ... lol

wah... i think for sure we hav no objection, so fortunated to hav such good president...

I'm a small peanut owner/investor only and not eligible to create new thread, so I let you taikor open ceremony for v2
By the way you didn't include the owners list in this v2 so perhaps you wanna add this?

eh....forgot to mention leasehold

As per your request, had been edited into the post, ( 2nd paragraph ) which I copy and paste from KR2 blog. lol ...

haha....need to salute you for creating such a well info for everyone here. Excellent job!

Extracted from v1.

Bro, as per owner list, I booked Type C.

Guys, wanna add below owners list into main topics?

1. Chris Chew Tower 3 / Type C / High Floor / Investment / Golf View
2. Xccess Tower 1 / Type C / High Floor / Own stay / Pool and Kesas view
3. Travaller Tower 3 / Type B4 / High Floor / Own Stay / Facing KM1 (LRT cannot see lah so small below) hahaha
4. Twincharger07 Tower 2 / Type A / High Floor / Investment / South view
5. Ronn77 Tower 3 / Type C / High Floor / Investment or probably Own Stay / Kesas KL View
6. fooyc Tower 3 / Type B4 / 5th floor / Investment or probably reserve for my son / Kesas
7. Ryei Tower 1 / Type A / Level 6 / Investment / Pool View
8. MGG Block C / Type C2 / lvl Mid floor / Garden View / ZR Sky View
9. LKH Tower 3 / Type C / High Floor / Investment / Golf View
10. Kloe Tower 3 / Type C / High Floor / Own Stay / Golf View
11. 123456789 Tower 1 / Type A / Middle Level / Own Stay or investment / Facing South
12. ah_chung Tower 1 / Type C / Middle Floor / Own Stay / Kesas View
13. Frozen44 Tower 2 / Type A / Lower Floor / Investment / Facing South
14. Erran Tower 1/ Type A/ Level 8/ Investment/ Pool- Kesas View
15. Eerkyeerk Tower 2 / Type C / Mid level / Own Stay / Kesas View
16. Firdaus87 Tower 2 / type A / level 5 / Own stay / Golf view
17. Luvox Tower 2 / type A / lower floor/ Own stay / Pool or Kesas view
18. tmc Tower 1 / Type C / Mid level / Own Stay or Investment / Kesas View
19. E-Tan Tower 3 / Type C / High Floor / Own Stay / Golf View
20. LWK Tower 1 / Type A / Middle floor / Own Stay / South view
21. CHM Tower 3 / Type B4 / High Floor / Own Stay / Golf View
22. JoeLWC Tower 3 / Type C / Middle Floor / Investment / South
23. JT Tower 1 / Type C / Middle Floor / Investment / Pool or Kesas
24. JQ Tower 1 / Type C / MIddle Floor / Investment / Pool or Kesas
25. YY Tower 3 / Type C / Middle Floor / Own Stay / South or Golf View
26. sam Tower 1 / Type A / Lower Floor / Investment / South View
27. bill11 Tower 2 / Type A1 / Highest Floor / Own Stay / South View
27. garyhew Tower 1 / Type A / 16th Floor / Investment / South View
28. 1ullaby Tower 2 / Type C / High Floor / Own Stay / North View
29. khelben
30. horse183 Tower 3 / Type B / High Floor / - / South/Golf View
31. Van123 Tower 3 / Type B1a / High Floor / Own Stay / South/Golf View

yoyo...
v2 finally up liao...

bro...u sound so out dated?

i also knoiw i very out dated..

how to add my name into owner list?
..haha

Lol.

U can copy ronn's owner list post and paste into ur post. Then put ur name into it will do.

1. Chris Chew Tower 3 / Type C / High Floor / Investment / Golf View
2. Xccess Tower 1 / Type C / High Floor / Own stay / Pool and Kesas view
3. Travaller Tower 3 / Type B4 / High Floor / Own Stay / Facing KM1 (LRT cannot see lah so small below) hahaha
4. Twincharger07 Tower 2 / Type A / High Floor / Investment / South view
5. Ronn77 Tower 3 / Type C / High Floor / Investment or probably Own Stay / Kesas KL View
6. fooyc Tower 3 / Type B4 / 5th floor / Investment or probably reserve for my son / Kesas
7. Ryei Tower 1 / Type A / Level 6 / Investment / Pool View
8. MGG Block C / Type C2 / lvl Mid floor / Garden View / ZR Sky View
9. LKH Tower 3 / Type C / High Floor / Investment / Golf View
10. Kloe Tower 3 / Type C / High Floor / Own Stay / Golf View
11. 123456789 Tower 1 / Type A / Middle Level / Own Stay or investment / Facing South
12. ah_chung Tower 1 / Type C / Middle Floor / Own Stay / Kesas View
13. Frozen44 Tower 2 / Type A / Lower Floor / Investment / Facing South
14. Erran Tower 1/ Type A/ Level 8/ Investment/ Pool- Kesas View
15. Eerkyeerk Tower 2 / Type C / Mid level / Own Stay / Kesas View
16. Firdaus87 Tower 2 / type A / level 5 / Own stay / Golf view
17. Luvox Tower 2 / type A / lower floor/ Own stay / Pool or Kesas view
18. tmc Tower 1 / Type C / Mid level / Own Stay or Investment / Kesas View
19. E-Tan Tower 3 / Type C / High Floor / Own Stay / Golf View
20. LWK Tower 1 / Type A / Middle floor / Own Stay / South view
21. CHM Tower 3 / Type B4 / High Floor / Own Stay / Golf View
22. JoeLWC Tower 3 / Type C / Middle Floor / Investment / South
23. JT Tower 1 / Type C / Middle Floor / Investment / Pool or Kesas
24. JQ Tower 1 / Type C / MIddle Floor / Investment / Pool or Kesas
25. YY Tower 3 / Type C / Middle Floor / Own Stay / South or Golf View
26. sam Tower 1 / Type A / Lower Floor / Investment / South View
27. bill11 Tower 2 / Type A1 / Highest Floor / Own Stay / South View
27. garyhew Tower 1 / Type A / 16th Floor / Investment / South View
28. 1ullaby Tower 2 / Type C / High Floor / Own Stay / North View
29. khelben
30. horse183 Tower 3 / Type B / High Floor / - / South/Golf View
31. Van123 Tower 3 / Type B1a / High Floor / Own Stay / South/Golf View
32. Kagawa 26 (tower 3/ Type B/ 5th floor) - own stay plus rent plus investment/ lrt view)

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Added on August 1, 2012, 12:06 amChirs bor, must give you a compliment...for this V2

This post has been edited by Kagawa26: Aug 1 2012, 12:23 AM

Well Done Kagawa bro. U must be Man U fan. Lol.

Btw, I thought u bought Type B4 instead of Type C.

When u book the time, Type C higher floor units available???

OOO...shit...is type B...hahahahahha...waiting SnP until i forget...
Type C higher floor got...not many...type B lower floor banyak lagi

This post has been edited by Kagawa26: Aug 1 2012, 12:14 AM

Haha. Nvm. U can edit it.

Hmm, I think Type C No. 1 has the most units available. Probably part of the view block by Tower 2 corner unit.

Type A and B memang hot ....

Hope Tun razak exchange center really on planning...
then KL can be boosted to nex level.
The units at lower floor 4th or below(tower C) tak laku...

those facing LRT ones? probably too close to the station..

TRX? Hmm, it certainly can but the master development takes long time. Heard the first project expected to complete by 2017/18.

Hmm, the units at 4th floor or below tarak laku bcz facing too near of LRT rooftop and missed Pool and KL view. Anyhow, the developer is so bullish they can sell it finish once after Actual Launching...

150m from station...station is abt 4 storey height..tower C got 4 car park floor...tower C 1st 2 floor with have eye interaction with lrt....from SA

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Added on August 1, 2012, 12:49 amdeveloper so geng meh...?they can sell even the lousy location ...

This post has been edited by Kagawa26: Aug 1 2012, 12:49 AM

would be interested in purchasing a unit in kiara 1 or kiara 2.
anyone knows anyone selling?
please PM me. thanks

Bro, just go to KR2 sales office at The Link, Bukit Jalil. Landmark is Hailam Kopitiam.
Do update us if you manage to grab one

Bro, from what I see and estimate, I not sure whether the T3 is 150m away from the LRT station ... if it is, then it consider not near and quite far ... esp for high floors unit ...

Btw, it's Tower 3 ( not C bro ) and car park got 5 levels inclusive the higher Ground Floor parking lot with facilities ( if not mistaken ) ... The Tower 2 and 3's Level 1 unit directly facing LRT Station Rooftop ....

Tower 2 is nearer to LRT Station compare to Tower 3 ... Anyhow, Tower 2 small units ( bcz facing LRT all also Type A and all were taken up since Special Invitation at 19/4/2012 with price increased another RM 20,000 )

Probably the small size is quite small to be taken and Type C, is quite huge for investors ...

usually i take SA's word "a pinch of salt"... The station is just directly beside KR2
http://wikimapia.org/#lat=3.0629445&lon=10...85&z=16&l=0&m=b
At one point SA will tell you the LRT is very near and easily walk to the station, on the other hand he will tell you not to worry about about noise and view as the station is far away..

Not forgeting the land for the station is higher ground while KR2 will be built on lower land.. that makes a couple of floor more facing the LRT..

This post has been edited by twincharger07: Aug 1 2012, 10:46 PM

From the experience staying beside mrt track in Sg Hdb, the higher your unit the noisier it is because of the echo.... The lower floor is still not as unbearable. Good luck...

congratulation on V2!!

as per usual.. still no news on S&P date

off-topic: i'm looking for a condo/apartment which is:
- below RM250k
- prefer small unit say around 800-900 sqft
- OUG/Old Klang Road/Taman Desa/Kinrara or anywhere around that area

anyone got kang tao, please pm me.. thx!

Sg Hdb, that's Singapore ? Is the MRT track elevated or it is located below the ground level of the condo ?

Thats what I think.

But I heard got a small size land use as open car park for Public users of LRT. If I can remembrr correctly, the exact station building is in front and between T2 and T3。

Yes, Twin Gor, the LRT land is on higher side but was told the 5 storey car park used to leverage the same heights with LRT building rooftop.

Any idea how many metres the land is higher from KR2 exact ground land? Say, car park lvl LG5.

Elevated....

How about, hmm, any other high buildings surrounding the MRT station and condo???

may be go again site to check..bt tower 3 lot is highest then twr 1&2 as per my last visit..

From my observation while I'm in Singapore, the MRT track is 50 metre away from the HDB and judging from level 12, the noise pollution is pretty bad. Have to shut all windows inorder to lessen the noise level.

I did noticed mainly older train will make more noise as compared to newer train, when new train arrived at the station, the noise is significantly much more lower, about 70% differences.

Then maybe you can expect the noise of KR2 units facing LRT might be bad too, because the distance is also about 50m.

But of course, this LRT is a new station and new track, maybe they got better noise reduction capabilities.

These are the pros and cons of staying near LRT station, I've already factor in noise pollution from highway when I made the purchase. I'm sure every buyer are well aware of these issues, as long we can accomodate and bear with the cons, no biggie for me.

Noted your booking is Tower 1, high floor and Kesas view.

Thanks.

I think all purchasers of KR2 already put the factor in their decision making before paid the deposit.

I used to like to buy a condo ( if for own stay ) which is quiet, serenity and far away from LRT/KTM or not next to busy street or town. Investment is otherwise, as long as the location and location and pricing and pricing again.

Anyhow, I had once bought a unit of condo facing Pool and Highway, the noise was bad if open the balcony windows, but quite balance and fine if close it all. But the worse thing was the dusty which is quite heavy.

So, this time around, I intend to prefer to avoid Highway rather than LRT rooftop. 24 hours noise vs Noise till 12am. Very dusty vs less dusty. KL View vs 50% KL View with Golf View. I took the latter since, in case for own stay, I will avoid highway, and in terms of investment, I pick LRT view it was due to I took Type C, where only 2 units of Type C are facing LRT/Golf/South while there were total 4 units ( 2 from T3, 1 each from T1 and T2 ) available to choose for facing Pool/Highway or KL/Highway.

My decision could be different if I able to buy Type A, where all 8 units of Tower 1 and 2 were facing South ....

Anyhow, gives and takes ....

i) people would worry if the product is next to highway or LRT/KTM
ii) others would still worry if the product is at super quiet and faraway from cozy town / street / public transport / LRT or KTM ...

I am surprised that I made a decision to take KR2 due to the location and I quite like the concept of the hotel style security / lift lobby and quadrant zone .... and yes, the pricing is quite fair compare to most of others development ...

All the best!~

ANyone knows who's selling?
anyone has any contact ?
i'm looking for the smallest unit.

I'm quite new at all these. First house.

chris bro, very rational .me too..the low density for the layout is realy gd. As u hard to find wit tis price.

I was looking through the terms from my letter of offer today and found out the first drawn down must be done within 2 months, my L/O is dated 20th of May which means already overdue by a month.

Do I need to call my bank to inform the delay of S&P and further extend the date? For those who have signed their L/O what is the grace period given for the first drawn down?

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Added on August 7, 2012, 3:08 pmSorry to alarm any owner on my earlier post. I just called the bank, they told me not a problem at all even if it's overduel, the grace period they can provide is up to 6 months.



This post has been edited by Xccess: Aug 7 2012, 03:08 PM

very true bro...

The buyers here are already aware about the LRT and highway close proximity to KR2...
We are just trying to tell the truth so that buyers would know what to expect when the project is completed...

Its better to know now rather sign the dotted line and found out the actual is not as what we assumed earlier..
Nothing wrong with LRT and Highway nearby, its just personal preference..

IMHO, KR2 location is just great...

IMHO, yes, I rated this area a lot since few years back but I wait until this year to invest into the area. I only consider ZR and KR2 before this due to the pricing and freebies offered were fair and close to reality. Anyhow, the location is quite good, no matter it is next to LRT or Highway.

I chose KR2 due to multi tier securities in quadrant zone which most projects do not offer, again location and again, the pricing is quite fair and affordable. The facade is acceptable, although it is not the best ever and if the workmanship and quality is delivered upon VP, I would see myself to keep for own stay rather than flip for profit.

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Added on August 7, 2012, 11:23 pmBro, if not mistaken, you must be sign Public Bank or MayBank but I found the clause with a bit surprise although it is not a big issue.

This is under construction project and before loan approval, the bank already analyze the project that this is project pending AP & DL, so it could takes time for S&P Signing and hence, the next step is proceed for first disbursement. Means, 2 months for first drawdown must be done is quite ridiculous and mission impossible, so what they have to do is keep on extend and extend every loan borrowers for all the projects which is pending APDL.

Even, if we able to sign the S&P now, the 2 months time duration for first drawdown could be asking too much for the solicitor, especially KR2, with 720 units and only 1 solicitor to handle S&P as well as loan documentation. Yet, if the solicitor able to do so, I don't think the bank able to disburse the bulk loans if there are 100-200 units taken the same bank.

Anyhow, it can be extended and you have no worry about it. Some certain bank grace period for under construction is up to 36 months.




This post has been edited by Chris Chew: Aug 7 2012, 11:23 PM

Yes, 2 months for first drawdown is quite impossible. Thanks for the enlightenment Bro Chris.

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Added on August 8, 2012, 3:53 pmGot this from another thread, it seems WCT plan may be disrupted due to resident complaint.

http://mykampung.sinchew.com.my/node/201566


http://thestar.com.my/metro/story.asp?file...437&sec=central

This post has been edited by Xccess: Aug 8 2012, 03:53 PM

Chris, just wondering why you did not vested in KR1 when it first launched since you have been looking at this area. It is also a multi tier securities in quadrant zone and price is much lower compared to KR2?

yea.. saw the news.. its pretty tricky as WCT applied for land use conversion from residential to commercial...

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Added on August 8, 2012, 9:52 pmA bro here need some advise, copied from V1.. cheers..

This post has been edited by twincharger07: Aug 8 2012, 09:52 PM

TY bro twincharger.. I did not know there's v2. No wander no email for me on new thread.

Yes, 2 months for first drawdown is quite impossible. Thanks for the enlightenment Bro Chris.

Added on August 8, 2012, 3:53 pmGot this from another thread, it seems WCT plan may be disrupted due to resident complaint.

http://mykampung.sinchew.com.my/node/201566
http://thestar.com.my/metro/story.asp?file...437&sec=central



yup, i read this news b4.
As Klang valley resident, i can see the traffic jam is everywhere.
Congestion is not cause by the WTC mall only, but also 3-4 big condos development that the residents have not realised.

For me as kiara 2 buyer,it would be great if WTC mall happened.

no problem.. bro

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Added on August 8, 2012, 10:59 pmyea... i m really hoping it will be materialized..
I am having this funny thought of getting Covillea and stay..

This post has been edited by twincharger07: Aug 8 2012, 10:59 PM

Bro, I did not vested into KR1 probably because I missed it and actually, I much prefer KR2 compare to KR1 due to

i) KR2 looks a bit more higher end or grand compare to KR1 ( probably KR1 too low rise for me )
ii) KR2 was 30 storey of 3 blocks.
KR2 Level 15 onwards are high enough and most of the units have not much view blocking except for Tower 1 corner units, which escape LRT but indirectly facing tall building of KR1 / Bkt OUG Condo. Tower 2 and Tower 3 had open view units.
iii) KR1 was 4 blocks of only 12 storey high, which I deemed it is low enough since it is going to be sandwich between ZR/Rainz and KR2 and facing Bkt OUG or Highway ( feng Shui issue in terms of Wind )
iv) Location issue, I prefer KR2 because it is corner or first building and outer compare to KR1, which is going to be surrounding by buildings stated above.
( Personal view of feng shui where your territory is under attack or ambush )
v) KR2 has at least Sky Garden in all 3 towers and KR1 do not have any of it.

Anyhow, the pricing for both KR1 ( Below RM 380 psf ) and KR2 ( Above RM 400 psf ) speaks it all.

Anyone can advise me on my question which twincharger post

Yes. UOB approval is based on after 7% discounted price and not S&P price. Fyi, the discount is 7%, not 10% and cash buyer is eligible for 11% discount progressively.

Scenario ;
S&P Price : RM 500,000
Actual Price : RM 465,000 ( After 7% discount @ RM 35,000 )
Booking fee paid : 3% or RM 15,000 ( This 3% is part of the First 10% where the remaining 7% rebate used as contra back to developer )
Balance on S&P Price : RM 450,000

UOB Loan Approval : Margin ( 70%, 80% or 90% max) Against Actual Price RM 465,000 and not against RM 450,000 ( the 10% that inclusive your 3% downpayment )

If UOB approved you 80% means RM 465,000 x 80% = RM 418,500

Loan Amount : RM 418,500
Balance of S&P Price : RM 450,000 - RM 418,500 ( Bank Loan ) = RM 31,500 ( Difference Sum )

When construction reaches 10%, or upon signing S&P which is require settlement of the First 10%.
Remember you had paid 3% @ RM 15,000 earlier and the 7% rebate @ RM 35,000 was to offset the First 10%, therefore you do not need to pay anything upon signing S&P.

When construction reaches another 10% to total 20%, means the developer would claim another RM 50,000 ( 10% based on S&P Price ), so you need to settle the different sum before bank release the 1st draw down.
1st Step : You have to settle the RM 31,500 difference sum.
2nd step : Bank disburse the remaining RM 18,500 ( 50,000 - 31,500 ) to the developer only after you settle the step 1.

Hope you get it clarify bro.

* Note : Only UOB Bank is offer approval based on after 7% discount price

Errr 465k x 80% not = 372k ?
Sorry i really dont know count

Opps, sorry bro, I ter-calculate 90% instead of 80%... lol ...

If UOB approved you 80% means RM 465,000 x 80% = RM 372,000

Loan Amount : RM 372,000
Balance of S&P Price : RM 450,000 - RM 372,000 ( Bank Loan ) = RM 78,000 ( Difference Sum )

The rest, you can refer as above ....

Holy shit... I need to pay nearly 70k extra ... Cham lo... How to be all of u guy jiran la..

Anyone know any other bank which easy for me to get the loan ?? Currenly UOB offer me only

The difference of 70k is not something does not need to be paid back.

As long as you can afford it, the difference will translate to you having to pay less overall interests to the bank, and monthly less installment. People who are using other banks but with 70% LTV will probably more or less in the same boat as you.

Look at the brighter side.

Oh, I didn't know that you are feng shui master too.
Can I invite you for consultation when the house is ready for renovation?

Haha.. Come see mine too

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Added on August 9, 2012, 10:37 amYah true also.. But temp im doing reno on the shop which will be opening soon. So thats why i so fan now

Does taking the L/O to show the other panel im applying will give me a better chance to get a loan frm them ?? Does this give me a better offer ?

This post has been edited by Travaller: Aug 9 2012, 10:37 AM

1. Chris Chew Tower 3 / Type C / High Floor / Investment / Golf View
2. Xccess Tower 1 / Type C / High Floor / Own stay / Pool and Kesas view
3. Travaller Tower 3 / Type B4 / High Floor / Own Stay / Facing KM1 (LRT cannot see lah so small below) hahaha
4. Twincharger07 Tower 2 / Type A / High Floor / Investment / South view
5. Ronn77 Tower 3 / Type C / High Floor / Investment or probably Own Stay / Kesas KL View
6. fooyc Tower 3 / Type B4 / 5th floor / Investment or probably reserve for my son / Kesas
7. Ryei Tower 1 / Type A / Level 6 / Investment / Pool View
8. MGG Block C / Type C2 / lvl Mid floor / Garden View / ZR Sky View
9. LKH Tower 3 / Type C / High Floor / Investment / Golf View
10. Kloe Tower 3 / Type C / High Floor / Own Stay / Golf View
11. 123456789 Tower 1 / Type A / Middle Level / Own Stay or investment / Facing South
12. ah_chung Tower 1 / Type C / Middle Floor / Own Stay / Kesas View
13. Frozen44 Tower 2 / Type A / Lower Floor / Investment / Facing South
14. Erran Tower 1/ Type A/ Level 8/ Investment/ Pool- Kesas View
15. Eerkyeerk Tower 2 / Type C / Mid level / Own Stay / Kesas View
16. Firdaus87 Tower 2 / type A / level 5 / Own stay / Golf view
17. Luvox Tower 2 / type A / lower floor/ Own stay / Pool or Kesas view
18. tmc Tower 1 / Type C / Mid level / Own Stay or Investment / Kesas View
19. E-Tan Tower 3 / Type C / High Floor / Own Stay / Golf View
20. LWK Tower 1 / Type A / Middle floor / Own Stay / South view
21. CHM Tower 3 / Type B4 / High Floor / Own Stay / Golf View
22. JoeLWC Tower 3 / Type C / Middle Floor / Investment / South
23. JT Tower 1 / Type C / Middle Floor / Investment / Pool or Kesas
24. JQ Tower 1 / Type C / MIddle Floor / Investment / Pool or Kesas
25. YY Tower 3 / Type C / Middle Floor / Own Stay / South or Golf View
26. sam Tower 1 / Type A / Lower Floor / Investment / South View
27. bill11 Tower 2 / Type A1 / Highest Floor / Own Stay / South View
27. garyhew Tower 1 / Type A / 16th Floor / Investment / South View
28. 1ullaby Tower 2 / Type C / High Floor / Own Stay / North View
29. khelben Tower 1 / Type A1 / High Floor / Own Stay / South view
30. horse183 Tower 3 / Type B / High Floor / - / South/Golf View
31. Van123 Tower 3 / Type B1a / High Floor / Own Stay / South/Golf View
32. Kagawa 26 (tower 3/ Type B/ 5th floor) - own stay plus rent plus investment/ lrt view)

Update

Haha. Not really see it a lot but trust basically only.

haha, chris bro is all rounded..salute! Btw , thr are few thread talkin abt economic burst, is tat gd for investor n genuine buyers who nt buy yet if it happen?

Hmm, if economic burst, I think it doesnt looks good for everyone include those investors and genuine buyers ....

What would happen if it bursts?

all will cry and suffer...everyone. Because once property burst, mean whole economy down not only property

Economy can't possibly stay positive throughout the years, every once in awhile, the economy "reset" itself. As long we don't over commit, lay enough safety nets and financial backup, you will sail through tough times when economy is nursing back its health.

Just my humble opinion.

This post has been edited by Xccess: Aug 9 2012, 09:18 PM

Yeahh. Agree. Dont over commit and try to put some financial back up to sail thru the crisis.

Hopefully it would not be so called crisis or big gap downturn. Minor economic burst would still brings us safety if we have some savings...

The biggest problem is everyone's definition of "don't over commit" is quite different. Some people keep 10k of cash under the pillow, some people keep 500k of FD and some people keep a few pieces of credit cards ....

Having cash backup and medical insurance coverage is a must for me. It is important to have substantial amount of money in savings and not totally relying on credit facilities. In my younger days, I owed money that I can't repay to banks, lawyer's letter was sent to me and I almost slip into depression. I forced myself to take up 2 jobs and sleep 5 hours a day to repay what I owed.

It took me awhile but I repaid every single cent back to them. It was an expensive lesson but well worth it. Before, I don't have savings, I splurge all my salary, swipe my credit cards on clubbing etc....this lesson has change me quite a bit.

Not saying I'm totally safe in any event of economy crisis but at least there's some backup to cushion my fall. It is never too late to start saving.

This post has been edited by Xccess: Aug 9 2012, 10:18 PM

Yes, agreed with all bros that crisis will be sail thru safely with certain saving.
However, there are tons of ppl who wish the crisis happened soon then they can 'kutip ayam mati'...i think since end of 2009, ppl were start talking abt crisis, and housing price until now apa pun tak ada berlaku..price still like sky high

That's easier said than done. When recession really comes, even the richest will hesitate to 'kutip ayam mati' - they will probably keep the money to cushion the recession.

By the time the rich people are courage enough to invest, the recession is already over.

Wow...i like all the above talk, really experience....really like it

Life is a gamble, it's your choice to either be a blind gambler or a wise gambler.

Sharing current sales status for Tower 3 as I was at sales office today with my friend as she is interested to purchase one unit and even her bro is considering too. Also the piling works has started since beginning of this week so soon we can see some progress for this project








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Dear sifus,

Lets say if loan already approve n Loan LO has been duly signed. Is it possible if i suddenly got interest on other unit and want to change unit?

When there is price changes, IMHO, hav to do it all over again.. this is bcos they need to re-evaluate based on the new price and updating their system (not sure is it CCRIS, because bank can see your pre-approval from another bank)

Price list kind of blur though

Bro Ronn, thanks for the update. Finally we have some photos on the progress. Have a great weekend!

Ronn is really master in property investment oh. Everywhere also got ppty...salute

No prob bro, just love to share with you all on the progress as proud owner for KR2. I managed to brainwash my friend which she seems very interested with KR2 and willing to move from Cheras to stay in BJ in the future

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Added on August 12, 2012, 7:56 pmI'm just a small potato owner only but I love to invest in those good location as you know from my another purchase

This post has been edited by ronn77: Aug 12 2012, 07:57 PM

Wow, ronn kor ... thankiu for your pic ... means I no need visit KR2 office for such details ... hehhee .. I always passby KR2 via Kesas at least once a week but not free to turn in and drop by for pic snapping ...

Hmm, seems the sales chart of T3, Type B4 almost all gone except the lowest 3 floors and seems Type C took time to sell especially unit No. 1 and that's a little worry me because not sure whether buyers not keen for No.1 due to half view block by Tower 2 building or South ( where No. 3A unit also facing South but without blocking ) or Pricing issue where T1 and T2 Type C prices are cheaper by a mere RM 20k ( which I dont think so ) but all facing Kesas/North instead.

So, you managed to brainwash ur lady fren and move from Cheras to BJ? Hehehe ....

Tq! Thinking of changing to a higher floor as my unit is quite low. I think must be straight facing to lrt.

This post has been edited by firdaus87: Aug 12 2012, 09:56 PM