Anyone in here knows how much is the legal fees, SPA, stamp duty, maintenance fee and sinking funds for the unit of RM 280k PR1MA @ Cyberjaya Lakefront please?

Hi guys! Anyone in here that knows how much is the maintenance fee, sinking fund and any other charges we have to pay?

Hi! I do not have any experience. But I think PR1MA cannot possibly offer RTO scheme to all those who are not eligible. Maybe just a small portion will get it cos the developers would surely want full payment once they have completely built the condo.

This post has been edited by pr1ma_owner: Jan 19 2017, 12:26 PM

Guys, with RM 104 maintenance fee and sinking fund, if the residents do not pay, can we bring them to the court of justice immediately?

Hi! No. Actually I'm worried because there are so many facilities and the population concentration ratio is extremely high, to be honest. Cos right now I'm staying in a condo with total units of 180 and feeling over-crowded already and with vandalism going on as well as many homeowners not paying the maintenance fee and sinking fund, thus making all the facilities such an eyesore with poorly maintained amenities and dysfunctional facilities.

So with PR1MA at Cyerjaya Lakefront having about 2,000 units and so many facilities to maintain, if the homeowners do not pay, then this project will deteriorate very fast. That's why I'm asking if there are mechanisms to force the homeowners to take maintenance fee and sinking fund very very SERIOUSLY, and pay all the fees as they due. For example, those PTPTN, if they do not pay, it will affect their CCRIS and cannot go overseas. Can we make maintenance fee and sinking fund also something like this at least?

This post has been edited by pr1ma_owner: Jan 31 2017, 10:57 AM

Thank you so much for clarifying. Sometimes, I notice that the JMB is not strict enough to bring all cases to the tribunal that you said. Reason being, the committees, especially the President are close with many neighbours, including the ones who have not been paying.

I'm not so sure how to go about this, but I would really hope that PR1MA can really monitor and advice JMB well. Cos sometimes the human factor comes in, and finally those residents do not pay for months and months and in my case, more than 5 years already some of them didn't pay a single cent!

If this is the case, then I think people would prefer to take the side that's facing the swiming pool, to avoid the heat in the afternoon? =)

Hi! I was made known that a lot of PR1MA properties can't be sold. So is there any possibility for MCT to give extra rebates please?

I mean, many loan applications have been declined by the banks and developers can't find buyers for the units in the end. I give you one example, PR1MA Alam Damai. Many many rounds of balloting and now open for anybody who meets the criteria to buy. But still many unsold units there.

Government realises this and has reduced the moratorium by 50% to 5 years only and increased the income eligibility by 50% to RM 15k.

However, if developers still can't sell off the units, I hope they can start reducing the prices gradually to ensure that all units can be sold off immediately. I do not want PR1MA projects to be held by developers even after full completion later.

Think about it, Cyberjaya lakefront has about 2,000 units. Do you seriously think that MCT can sell all PR1MA units? I do not think so in the current bad and soft market where banks are very very strict to give financing especially to the middle income earners.

The cost is RM 280k I think.

To be honest with you, not only that the loan rejection rate is high for PR1MA projects, the other thing is, many people who registered, backed off!

Reason being is that, when they applied for PR1MA, they didn't have a house. But due to a very long waiting list and they also do not know whether they'll be lucky for their names to be balloted, so they have already bought their own homes or have made other kinds of arrangements.

That's why you see that even if you have many applicants, in the end many units cannot be sold.

This is the fact, you can even go and see Alam Damai. Almost completing, but at least 30% are unsold. You yourself can go and apply for the units today if you want, provided that you meet the eligibility criteria.

If someone has already secured 100% financing worth RM 270k to buy PR1MA @ Cyberjaya Lakefront, can he / she still withdraw money from EPF account and just keep the money?

Thank you for your reply.

However, I didn't pay a single cent for downpayment as it's 100% financing for PR1MA. Secondly, the SPA, legal fees and stamp duty have all been priced in the RM 270k by MCT.

SO will I still get to withdraw from my EPF Account 2 Sir / Madam?

How much is the progress payment for interest that we need to pay until the construction is completed in 2021 / 2022?

I agree with you Andy. To me, similar properties by private developers can also offer about similar price. If PR1MA wanna give 20% below market price, it should be about RM 230k. Anything above RM 250k for 850 sq ft in Cyberjaya for PR1MA is way too expensive. It's your own LOSS. Thank you

Hurmmm... I'm not sure how to turn down the offer. I guess they will assume that you're no longer interested if you don't sign the SPA after a certain period of time?

Cyberia man.

To be honest I was put off by 3 bad things on this project:

1) It's way too small at 850 sq ft

2) It's way too highly populated, upon completion pr1ma will have about 2,000 units, the other private arm will have 2.000++ units... so altogether will have more than 4,000 units, whcih to me is just CRAZYYYYYYYYY!!!!!!!!!

3) The price is really expensive man. At RM 280k, this is not significantly below market price. With very soft property market, I think at best MCT can only sell 50% of the units, while another 50% will be overhanged units and remain unsold

Thank you

Ya man. To be honest, property market is slow now. But doing like 4,000 plus plus units in CYBERJAYA is crazy. I mean, there's no way they can sell off all units even after the construction is completed.

I may be wrong, but under the current situation and looking ahead, the prospects are not that great either.

There will be many many UNSOLD units in my point of view.

My suggestion is to wait and monitor this situation. If the situation gets worse, than the developer will surely give more discounts. At the end of the day it's supply and demand issue.

From the supply side, yes MCT will build thousands and thousands of units for this Lakefront Cyberjaya project.

Fro, the demand side, it's up to the buyers and potential buyers...

If they feel that developer should lower the price, then hold off buying or go and negotiate with MCT.

Again, I could be wrong man. I'm not an expert in this property area.

Yes I'm not shy to say that I'm from low-income group. But I really thought PR1MA would be significantly below market price.

But with that high concentration ratio, very small unit and location wise in Cyberjaya not in KL, I don't think RM 280k is significantly below market price.

Yes I agree that PR1MA is not a low cost housing project. But comparison that's made must be similar. Here PR1MA got extremely high concentration ratio. You can't compare it with other projects that do not have such a sky-rocketing concentration ratio man.

Thanks man for your suggestion.

My only issue is that, given the high concentration ratio and 850 sq ft, and on top of that all the incentives that PR1MA gets and their onjective to provide 20% below market price, do you think RM 280k is 20% below market price?

Even after considering the HIGH concentration ratio?