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> Worth to invest in Condotel in Melaka?, investment Investment

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Alvinyeo
post Jan 16 2013, 03:45 PM

Talk is Cheap
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QUOTE(justinjustin @ Jan 16 2013, 02:48 PM)
Is it worth to invest in Condotel in Melaka, named 99 Residence?
1) RM 540 psf onwards, standard suite 492 sq ft built up
2) freehold
3) sell & lease back (1st 9 years 7.5% guaranteed, 10th-15th year unguaranteed 8%)
4) maintenance, SPA fee, every 5 years refurbishment cost, ID works and internal furniture - all are included.
5) sinking fund 0.5% p.a. of SPA price.
6) cost for loan agreement & MOT is not included.
7) no DIBS
8) expected completion early 2015.
9) managed by PTS Properties, same management body to Jaya 99 in PJ.
Looking forward to your comments.
*
shocking.gif

Melaka now price RM 540 psf ?

Crazy.... shakehead.gif

 

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