regalia seems cheaper
if not maytower also

Regalia is half the price of this launch price. But still i am interested with meridian.

So the GRR is only for the first 3 years. The others are subject to renewal but usually it wont be renewed so pointless to advertise as 10 years GRR which is misleading. My other queries:

1) When does the GRR period actually start?
2) What are the actual furnishings/ fittings in the unit?
3) Will the developer fix up all repairs/defects after the 3 years GRR?
4) What are the actual percentage of the GRR?
5) Will all this be stipulated in black & white on the contract?
6) What is the bank loan rate since its under DIBS? Is the rate fixed by the developer?
7) What is the expected completion date?
8) What is the early bird discount?
9) How many carparks? How does the carpark system work?
10) Is the $0.50 maintenance fee including sinking fund? If not, whats the total?
11) Is this on commercial land?

This post has been edited by cybermaster98: Feb 19 2013, 09:09 AM

But Regalia's location was crap. Thats why sales were so slow.

Any reply?

Please register at the website so that we can email you the invitation to our early bird preview.

www.meridian101kl.com

Thanks

This post has been edited by marcusho: Feb 19 2013, 03:42 PM

Okay...waiting for your e-mail.

Who is the developer? I think this question has been asked before but no answer. Hhm...wonder why so "secretive" on who's the developer. Need to know 1st ma...don't want to register for the sake of registering. Anyone can share?

When will it be?

A few more queries:

1) Is there any clause in the contract that allows the developer to terminate the GRR before completion of the first 36 months?
2) Is there a stipulated fixed date for monthly payment of the GRR?
3) Does the developer bear any form of penalty for late / non payment of the GRR? Is this in the contract?
4) Is the GRR directly under Best Western Plus or an independant management company?

this GRR things has good and bad points,
in good times, the GRR return is not attractive because demand is good.
but during bad times, maybe GRR can give u a good return when everywhere else hardly secure tenant.

M2C

This post has been edited by PROPERTYMATE: Feb 19 2013, 10:49 PM

Don't say good time or bad time, if the developer can give you the promised returns on time every time for the whole duration of the agreed term, you should be smiling in your sleep already lor!

I'll try to bring up the above queries.... and ask the relevant to answer here.

pat, please ask them the lift is costing extra 400 psf?

Cybermaster98, if the GRR scheme is foolproof, bulletproof, escapeproof, I also want in!

400sf@1400psf. There is one soon to be launched project with similar size but nearer to klcc ll b priced ard 1100psf.

Maintenance is RM0.50 psf... How much the new project? 1100 psf sounds attractive -- what name?

Near beachclub..smaller than 400sf

Yes but after reading about GRR schemes and the many horror stories, im really gonna check before i invest in this. Although it may be under Best Western Plus, but i dont think the GRR scheme would be tied to them. If it was, then it would be a plus if not then it raises some doubt. Either way, even after registering there was no acknowledgement email and neither is any phone number provided. Until now the actual developer's name has not been revealed.

I wonder why the need for such secrecy. Im starting to doubt already.

That is all in theory. Its all based on the assumption that the management company actually pays the GRR on time without any excuses. But there are bigger concerns regarding GRR schemes which is why i posted my queries above. Unless the developer can give us credible answers, this sounds like another of those 'con GRR' schemes which look good on paper to entice buyers but end up on the losing side in the end.

Some good articles which we should be mindful off:

http://biz.thestar.com.my/news/story.asp?f...74&sec=business

http://www.theedgemalaysia.com/first/14725...al-returns.html

http://www.theedgemalaysia.com/first/14725...al-returns.html

http://hba.org.my/articles/buyer_watch/2007/too.htm