More info:

GRR is based on 6.5% of price after rebate, Developer will start pay 5+1month after completion. and its paid quarterly.., but for the up front payment, you'll have to pay the difference after rebate and loan.

GRR for 3 years only which means if your unit is 800k after rebate, developer will pay your GRR at RM52,000 P.A.

BUT developer also provide Advance Rental Payment Scheme (ARPS) which means u can use the advanced rental to contra your upfront payment, but is based on 5% after rebate.

for ARPS if your loan is 80%:

100% - 7% rebate - 80% loan - 10% of 2years ARPS = 3% is upfront payment.

For both GRR / ARPS, furniture package is a must, 52k or 55k (based on unit size). BUT, you can contra it with your 3 year ARPS, and pay the balance when sign SPA.

for ARPS (800k), example of calculation :

3% = 24k, furniture after ARPS = balance around 15k = total investment = 39k.

So with this info, u can safely remove the GRR 'advantage' from this. They pay u GRR and then make u take furniture package. So its win-win for the developer. Plus, at this price range u would expect something with a Sunway brand name not an unknown developer like DK.

What do you think?

so the selling price does not include furnishing? then in order to get GRR you MUST purchase furniture from them?

They claim its semi furnished only. So the only way ure getting it the GRR is by taking up the 52K or 55K furnishing package. Cheapo trick in my opinion.

The biggest problem incurred here would be ;

Who is the company to sign the GRR for 3 years?

Who would be the expected tenants by the company who signed it?

I posted on PTLM...

I myself also still confused how this whole thing works.

Stay away

Probably they will engage your service to attract all the stewardess from sia,aa,mas,cp,etc to rent at this building

Hahhaha, you ah, poison with the stewardess dy.

Which Airline Stewardess wants to rent? 6.5% say RM 800k already RM 5,200 pm, it's easily RM 1,700 to RM 2,200 above premium to they paid at La Costa, Nautica and upcoming A'Marine.

Honestly, I know someone working in Air Asia HR. lol.

Really? Can help ask your HR friend on which one is still single and available?

And regarding the GRR, I do think that developer is already factored the GRR costs into the selling price to compensate what they have to pay you in the future so it's back to the square game.

Unlike those old days, when new project launched by not so prominent developer, the price is relatively cheaper than those established developer, which is around 10%-20% cheaper.
DK Group is really daring, who do they think they are? Sunrise, Bandaraya?

Aduh, rules of game when you meet young stewardess ...

Never ask her whether she is single or has bf or going to marry ... especially during club / happy hour, all of them will tell you they are single and maybe available.

If you ask my fren, I think he will answer me " aiya, available or not, same de lah, which guy punya wife is not start from a friend status ? "

Obviously the GRR had been input into the high selling price, everything is factor in ...

u betui geng, any rules meeting gals at club/pub/roadside u also know. when u wanna give me some training as i wanna learn ur few tricks to approach those young stewardess.

so looks like this project is really overpriced. with such high price tag, wonder if students can pay for it despite if they trying to squeeze 6 person into the 800 sft unit. 6% roi seems unlikely to fetch at current rental unless if dk able to do some wonder to this building.

It makes Sunway's product of Nautica, La Costa and A'Marine looks damm cheap, somemore within the lake / park and in the better location among Sunway territory, nearer to amenities and far better accessibility.

Can DK do so with the Taylor's University around?

By the way have you study the background of DK company? You will be amaze what they are previously

Hi LYN-forumers. We are the marketing team for this project. You may call
me to arrange for a showunit viewing.


FOR APPOINTMENT PLEASE CONTACT:
VINCENT 012-297 8611

Buat kulit puny company...seriously Sunway with a better location and superior in all aspect, doest make a cow sense to buy this dk products

Stay away fr grr. Onli props tat ll not sell ll provide grr. Whos gonna promise grr if the products r selling hotter than hot cakes. Grr is just like charging u higher n repay u later. How long can they pay u in grr depend vely much on how much they top up. Exactly like genneva in the early stage. Usually so far no history of later stage cos grr scheme ll not b renewed. And take gd care of urself if u hav chosen grr. Cap wise oso wont go up too much cos grr is based on purchased price which oledi a future price.

800k for 800 plus sq feet?

Where lah to find the students to rent out?

no play play. this dk ain't a flash in the pan.
similiar to bj territory, ain't exsim doing the same to berjaya?
a relatively unknown venturing into bj and hitting the nail onto the tiger's head?
design wise, it is much advance compared to sunway's product.
am just drawing a similiar comparison between these two.
am no putting a buy call but felt like we shouldn't dismiss this new boy in town.