Agree

The sound of it is already so romantic

Anyone has any reno photos to share? Need to start planning now, Brio VP is just 4 months away. I know some investors will try to provide as minimal furnishing as possible, but I saw some photos of units for rent in Solace, the owner install fluorescent tube lights I mean, surely there are better lightings which won't cost a bomb.

how much is rental for 1007sf?

Partly-furnished?

This post has been edited by ecin: Sep 9 2012, 09:00 PM

Any news on the boutique hotel?

I guess the owners of Setiawalk should take pride in their properties & charge rental in accordance to SP SETIA's good brand. Slightly cheaper as compared to Mont Kiara but not so cheap as to cheapens the place.

You got it
http://setiawalk.com.my/mid-autumn/main.asp

hi, thanks for sharing..

Nice, they've planned a comprehensive list of events! Not too keen on the senior citizen singing though, have had enough of my mum's days of joining singing competitions, and the choice of songs are always the same few, lol!

No problem

---

Added on September 13, 2012, 11:16 pmWell, I don't mind if the audience would be served with moon cakes. LOL

This post has been edited by engwei: Sep 13 2012, 11:16 PM

Only my own thoughts, that snooker parlour makes the whole SW looks cheap. Not that i got anything against snooker though.

Ya, I guess not many would disagree with you. There are similar comments posted on SW FB too

Ya. I still remember the Ah Beng style mentioned.

Went to SW yesterday 11pm, and the car park was FULL!

Saw one unit (facing the water canal) brightly lit and it was beautiful!

This post has been edited by bizklguy: Sep 15 2012, 11:34 AM

Hehe, very soon they will have to open up B2 for parking! Would like to see some renovated units photos, any owners here that would like to share? Much thanks!

Hi, i recently got an offer and need some help in the profit calculate below, is my assumptions and understanding correct:

Assumptions:
- buy price: 400k
- sell price: 500k
- agent fee: 3%
- RPGT: 10%
- public bank penalty: 3%

gross profit: 100000

pay agent: 15000
pay bank penalty: 15000 (assume 100% loan to ease calculation)
pay RPGT tax: 10% of (gross profit - agent fee - bank penalty) = 7000
any hidden cost from SP setia's 5/95 scheme: 0 (none that I aware of?)

net profit ~= 63000

Question 2:
if I sign SAP now, and government change RPGT to 30%, will i be affected after 3-4 months when handover happens? is the RPGT effective from letter of offer or SAP?

This post has been edited by klangboy83: Sep 16 2012, 10:32 PM

pay bank penalty: 15000 (assume 100% loan to ease calculation)
penalty = 3% x 400K = 12K

pay RPGT tax: 10% of (gross profit - agent fee - bank penalty) = 7000
RPGT = gross profit - agent fee - 10K tax rebate - SPA legal fees(5~6K)= 7000
bank penalty not deductable

net profit ~= 63000
66000

you should also deduct interest charged from net profit before handover to new owner.

Can anyone share how is the rental for the solace units, at what price range? I hv one brio unit which i like to rent.

Agent fee is standard 2% + GST ( some agent obsorb the GST )
RPGT ( 2 to 5 years from date of buying - S&P and date of selling (S&P ) is 5% ), I believe your unit is more than 2 years by now.

Your ROI is : Selling price MINUS
- buying price
- cost of buying ( legal & loan agreement fee ) - if any
- lost of interest for your deposit since the day one until now - just count as 3%/annum
- interest you are going to pay from now till your loan is fully settled ( buyer's bank pay to your bank loan )
- legal fee ( normally this cost can be minized if seller and buyer use the same lawyer )
- agent fee 2%+GST
- bank lock in penalty

RPGT = selling - bank penalty - agent fee - 10K tax rebate ( this one may be no more - check this to reconfirm by checking your S&P date )

---

Added on September 17, 2012, 9:05 pmContinue :
* mostly developers charge 1% as consent fee ( before issuance of strata title ) for changing ownership, Setia I am not sure - please find out.


This post has been edited by NameWai: Sep 17 2012, 09:05 PM

Fyi, no more already, only an administration fee of not more than RM50 will be charged.