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.
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.
Melaka now price RM 540 psf ?
Crazy....