is the grr a good deal? with 6 percent return shud be can cover loan and service fee no? so just waiting game to sell off?

anymore GRR unit left? can pm package?

wah. so fast. purchase price how much?

RM 1mil lelong price is already RM4.3k per month installment for 90% loan. This prop can get residential loan ka?

those without GRR memang fast fast die if just a normal working class joe and cannot secure tenant fast2.

RM4-5k rental for 860sqft at this area is it doable at the first place?

first grr payment in nov i heard

previous grr offer was 6% of snp price for 5 years. so shud be able to cover most of the committment. but the latest grr i offer i got info from agent was at 4% for 3 years.

the only safe haven fo this project is the grr.

RM2mil how to buy liddat. haha.

developer oso sakit want to pay the GRR if the occupancy that low.

what i view as major threats for subsale later. also applicable for GRR players:

1. commercial loan margin 80%. need to fork our 20% of >RM1mil which is about a good 200-300k cash in hand required.

2. shortened lease period. if by next 5 year after GRR cease and big possibility not renewed or renewed at a least favorable term, shortened lease period would be a challenge to secure interested buyer for sure.

in short, susah cari buyer.

i think first hand buyer not having such a tough time to purchase the unit from developer kot. GRR, heavy discount (presumably), MoT absorbed by developer (heard from fren), low booking fee etc etc play the advantages for the first hand buyer.

but to offload to another water fish in the secondary market is another different ball game.

i thought normally developer would renew the lease upon VP? is it non committal unless stated in S&P?

does it mean the developer has been holding the land for a good 30 years before deciding to build the expressionz on it? hmm, wonder whether most buyers realize bout the short lease duration left or not.

nowhere in this thread prevp mentioned about the short lease duration. wouldnt have known if not for askarperang kor. wonder if buyers are aware and consciously proceeded with the purchase.

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This post has been edited by noiseemunkee: May 14 2019, 12:38 PM

read in the prop reviews previously "Expressionz located on a leasehold land expired on 2079 however the developer committed to renew the lease to 99 years upon completion."

is this a real issue btw of having relatively short lease? or more of feel good factor?