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> RESIDENSI 22 @ MONT'KIARA [OWNERS' THREAD], The latest Sunrise series in MK. Investment

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MyDreamLand
post Aug 15 2013, 12:00 AM

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has this project launched? what is the smaller size and psf price?
MyDreamLand
post Aug 16 2013, 11:10 PM

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any info to share?
MyDreamLand
post Aug 16 2013, 11:33 PM

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QUOTE(noblebaby @ Aug 16 2013, 11:28 PM)
Not launch yet. Registration started.
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thanks noblebaby. nod.gif Where can I register?
I tried to register from http://www.residensi22.com/ many times, no response.
MyDreamLand
post Aug 17 2013, 12:16 AM

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QUOTE(noblebaby @ Aug 17 2013, 12:08 AM)
U need to wait.
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ok, thanks, enjoy your weekend. cool2.gif
MyDreamLand
post Sep 6 2013, 12:46 AM

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waiting for Mk22 launch...
MyDreamLand
post Sep 11 2013, 11:54 PM

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oh, I have registered, but I'm not invited. I'm interested in this project. any clue to join this party? Thanks

MyDreamLand
post Sep 12 2013, 02:32 PM

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Thanks noblebaby. called Sunrise, they said only open for Sunrise existing customers. not for public yet.

This post has been edited by MyDreamLand: Sep 12 2013, 02:54 PM
MyDreamLand
post Sep 12 2013, 02:54 PM

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any brochure, model, floor plan to share?
MyDreamLand
post Sep 15 2013, 04:42 PM

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QUOTE(shinebr8 @ Sep 15 2013, 03:18 PM)
18++ like that... Very fierce but no finger kungfu kakaka
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Do you know what is next smaller available size and if they start to open sales for public? Thanks.
MyDreamLand
post Sep 16 2013, 05:54 PM

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Tried to call uem hotlin cant get through.
Can anyone share their sals person mobile no? Thanks
MyDreamLand
post Sep 16 2013, 09:27 PM

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Can anyone share the details of sales package and maintenance fee?
MyDreamLand
post Sep 16 2013, 09:40 PM

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QUOTE(shinebr8 @ Sep 15 2013, 05:29 PM)
Next is 2020sqft and 29++sqft... Bring 50k cheque, open to public tmrw... 2020 almost untouched 29++ half sold out d... 18++ less than 10 this time..
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thanks shinebr8
MyDreamLand
post Sep 18 2013, 02:31 PM

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QUOTE(hondaracer @ Sep 16 2013, 11:31 PM)
Better to go to sales gallery.... SA no time to sit.... πŸ˜„πŸ˜„
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thanks for both suggestions.
MyDreamLand
post Sep 19 2013, 09:13 AM

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Hi, one of the UEM staff told me that they offered DIBS or cash rebate.
Does anyone know which one is better? Does anyone know the formula to calculate the interest during the construction?
let say if the loan quantum is 70%, and discount is 10%+2%, not too sure which one is better? any advice? smile.gif
MyDreamLand
post Sep 19 2013, 09:17 AM

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floor plan for 1878sf, 2020sf and 2973sf

http://i42.tinypic.com/15rnqj5.jpg

This post has been edited by MyDreamLand: Sep 19 2013, 09:28 AM
MyDreamLand
post Sep 19 2013, 09:22 AM

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QUOTE(noblebaby @ Sep 19 2013, 09:17 AM)
How much is the cash rebate if opt out DIBS?

If u hav plenty of cash, use flexi acc n opt out DIBS.
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Thanks. Cash rebate is $20psf. let say if bought unit is 2038sqft, then 40,760 cash rebate, they roughly said it will rebate back phase by phase, phase I 30%, phase II 30% and phase 3 40% within 4 years.
MyDreamLand
post Sep 19 2013, 10:38 AM

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QUOTE(noblebaby @ Sep 19 2013, 10:02 AM)
Hav u booked?
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Booked the type C(2038sqft) unit. Hope this is a good long term investment. smile.gif
MyDreamLand
post Sep 19 2013, 01:33 PM

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QUOTE(Warn3r @ Sep 19 2013, 01:00 PM)
Looking at the sub-2000sf units, the cash rebate will be around rm40k. Your loan would be not less than RM 1m considering that you'd be taking 70% loan. At the current BLR-2.45/2.5% lending rate, the interest itself will already be more than RM40k a year.

Take this one step further, the stamp duty and legal fee is paid for by UEM. Hence one should always take 90% of the loan regardless. Just keep the extra 20% cash and dump it anywhere, even a 5% interest would translate into rm 1.5m x 20% x (105%^4 years - 100%) = more than RM 60k.

Just dump the 20% with the interst earned over the 4 yers into the loan account if you like after completion. Everything would be same except you're RM 60k better off and have more for you to withdrawal as emergency money.
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Thanks for the detailed information.
Im still not very clear how you calculate the dibs interest based on 1.5m property before 10%+2% discount and loan quantum is 70%. During construction the interest will be based on phase by phase(e.g 10%, 10%, 15%....5%, till key handled over), im interested to know the formula.
Do you mean 4 years dibs interest will be more than cash rebate? If that is the case, I will take dibs. Thanks. smile.gif
MyDreamLand
post Sep 19 2013, 11:09 PM

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QUOTE(Warn3r @ Sep 19 2013, 05:02 PM)
I assume that the stages of cash release to the developer follow those of cash rebate. So based on a property price of RM 1.5m, and assuming that the stages are evenly distributed over the 4 years (this should be reasonable), that means (before taking into account of any discount):
Beginning of Year 1:        RM150k (first 10%)
Beginning of Year 2:        RM405k (30% of the remaining 90%)

Beginning of Year 3:        RM472.5k (35% of the remaining 90%)

Beginning of Year 4:        RM472.5k (35% of the remaining 90%)

But because the developer is giving you 10% + 2% discount (that means an effective 11.8% discount), you will get this amount back at the beginning of Year 2. Also, you are only getting 70% loan. So your cash flow (outflow) under DIBS is:

Beginning of Year 1:        RM150k (first 10%)

Beginning of Year 2:        RM123k (30% - 11.8% of the RM 1.5m less the RM150k paid)

And the bank’s release of money would be:

Beginning of Year 2:        RM105k

Beginning of Year 3:        RM472.5k

Beginning of Year 4:        RM472.5k

Now I assume the loan interest of (BLR – 2.5%) remain constant over the 4 years period. The total accrued interest at the end of year 4 would be:

RM 105k * (104.1%^3 – 1) + RM 472.5k * (104.1%^2 – 1) + RM 472.5k * (104.1% - 1) = RM72.3k

If you opt for the cash rebate (2038 sf * RM20 = RM40,760), you would receive:

Beginning of Year 2:        RM12,228

Beginning of Year 3:        RM14,266

Beginning of Year 4:        RM14,266

You can calculate yourself what this income stream is worth to you. If you can yield more than 32.5% a year then by all means you should opt for the cash rebate. Otherwise, I’d recommend you to take the DIBS.
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Thanks for your great sharing and the information is very useful. Based on my case, DIBS should be better, unless i have a lot of cash and put on the flexi loan account to offset the interest. smile.gif
MyDreamLand
post Oct 4 2013, 10:27 PM

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QUOTE(the_gsanc @ Oct 3 2013, 11:08 AM)
Heard they are opening block B soon
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wow..so fast, opening Block B soon? How is the sales so far for block A. Heard from one of the UEM staff 60-70% already sold, not sure how true is this? anyone have chance to drop by there to take a photo of their sold record?

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