what is rental rate now for your property?

1.3K can break even already.... so goood!!!!!!!!!!!!!!

Can pearl avenue fetch that kind of rental? I am just wondering.

time will tell in next few months

please keep up updated yah?

balakong condo also can reach 1800/month for 1300sqft already... kajang asking for 1300/month should be reasonable liao ma....

Hi,
OCBC offered me -2.35 bfr. 90%. Islamic loan. Cannot get 2.4 anymore Sent application mid of Jan 13. Does anyone get better deal from any other bank?

Hi,
OCBC offered me -2.35 bfr. 90%. Islamic loan. No lock in. Cannot get 2.4 anymore Sent application mid of Jan 13. Does anyone get better deal from any other bank?

dont ever take islamic loan... u will regret

couple of things about islamic loan you need to take note:

1. capping of interest rate. in malaysia history, once interest went up to as high as 12%. in islamic loan, your interest is cap at 10%. however realistically, it is very rare for interest rate would go to historically high. even if it does, paying 10% and paying 12% doesnt make much difference. see it this way. if you have good financial support, 2% is not much especially such high interest is not expected to stay there for too long. and if you have poor financial support, you are screwed anyway. if one has concern over fluctuation on interest rate (for those who are buying a "home", not a property), he should take fixed rate. capping at 10% is a nice protection to have, but whether how much of practical value does it bring, it's up to individual's perspective.

2. no lock in. lock in period and penalty for early exist is something simply not being practiced in islamic loan. but think of it this way, most lock in period is about 3 years and coincidentally construction period is also 3 years. by the time you got key for your property, locked in period is also over. practically the the lock in period has no significant effect on under-construction property, unless the owner is planning to flip the property before it is completed, which i find is a silly move in most cases.

i did a calculation a while back for this project, 400k property taking a 30 years loan, 90% MoF, BLR -2.4%, the difference between [conventional, semi flexi, flexi] loan with [islamic] loan, it's additional RM10/month for islamic loan. in other words, by signing up an islamic loan, you will be paying additional RM10/month for the above additional "features" in your home loan. whether worth it or not, it's entirely up to you to decide

This post has been edited by property101: Jan 25 2013, 01:14 PM

there is one hidden thing in islamic loan, which is - if ur loan term is 30 years and u make full settlement in 5 years time, u still have to pay the interest for 30 years..... no JOKE!!!

may i ask?
why u guys not consider bangi avenue? cheaper and got land

no doubt bangi avenue is another good buy, but it sold out in few days time and only opened for internal nia.. .. phase 2 also sold out banyak cepat...

yup..exactly..
they just want to notify you, so they just CC to us only....
But actually developer asking money frm our banker...
What we need to pay is what the banker ask us to...
chill bro

hi goodman taikor, why say so?

islamic loan count in all the 30 years interest even early settlement.... no point

Hi you all loan agreement ready already?
And already collect the the soft copy?

Hi,
anyone know how they allocate parking for those who stay at floor above 7? i know if stay 5 fifth floor or lower , parking will be at the same floor. how bout floor 7?

random lo.. what else ...

if get 5th floor parking then no good right? since its the top floor parking and only covered with small shed..hmmm