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.

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?

Did u keep track the total interest portion than u lost during the construction phase? As I understand the moment your bank issued 1st payment there will be interest induced based on daily outstanding balance. Besides do not forget the stamp duty, lawyer fee and loan agreement. All these are the cost that you come out during purchasing a property.

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 )

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Added on September 17, 2012, 9:05 pm

Continue :
* mostly developers charge 1% as consent fee ( before issuance of strata title ) for changing ownership, Setia I am not sure - please find out.

http://www.orientaldaily.com.my/?option=co...70:5&Itemid=114

Breakin to one of the software company in setia walk .alarm was  trigger when burglar trying to breakin but they didnt leave and hide at staircase instead, the alarm siren stop after 1 hour but no guard was come to check out what happen. The burglar manage to breakin after that and stole all the apple machines in office. Very bad huh security in setia walk.

http://www.orientaldaily.com.my/?option=co...70:5&Itemid=114

Breakin to one of the software company in setia walk .alarm was  trigger when burglar trying to breakin but they didnt leave and hide at staircase instead, the alarm siren stop after 1 hour but no guard was come to check out what happen. The burglar manage to breakin after that and stole all the apple machines in office. Very bad huh security in setia walk.

Besides blaming the guards of their inefficiencies, the owner of the shop also didn't take initiative to check on his shop even when the alarm went on for one hour.ni thought the alarm trigger devise will signal via his hand phone?

Sounds weird.
An IT company with such a big scale do not hv contingency plan?

It's unfortunate such incident happened. They claimed the alarm sounded for one hour and no guards came over to check. If this is true then the fault is with the guards, no questions asked. The thieves must be daring as ass, still can wait for one hour there while the alarm was sounding! As for the company itself, didn't do any backup for their projects is their internal fault too. So, a reminder for all of us who are working, backup always!

Last night was happening, HK celebrity DJ Jeana Ho  (warning: photos NSFW!) was VIP for Idarts Gold grand opening! Amber Chia was there too..



Phot credit: Twitter user Henry Teo

anyone know what is the current market price for a 1096sqf unit with free kitchen cabinet and wardrobe by developer?

Just sold my 1007 sqft - 545k. Bye bye Setia walk~