What u mean 8+2 years ? I tot only 8 Years .

Including 2 years of construction period!

Bro, I just got the following info from the SA :-

1) only the restaurants are opened to the public. The others not opened to the public
2) free access for 8 years only (they call it 8 terms with 1 term = 360 days? Nt 365 days?
3) after the 8th year, there are 2 packages ie a) individual package- pay RM1K per year b) family package (inclusive of spouse & children), pay RM1,800 per year

RM1800 per year quite a lot leh, I tot membership is FOC for life!

This post has been edited by BRE: Jul 27 2015, 03:51 PM

thanks for the info..

so after the 8th year, they can collect recurring income

I saw a notice for bowling price for member and non-member, so i guest it is open to public.

ya... the way they count 360 days per term is a bit odd. Anyway after S&P stamped and Loan Agreement signed can start apply for membership. So you earn 2 extra year of free membership.

Ya... after 8+2 years then decide want to continue the membership or not lor. But can't be forever free lah, how to maintain the cost wor?

The membership fees should have been factored into the selling price lo bro so that buyers will be happy to get a free for life membership!

Anyway, RM1800 per month is too high IMO, maybe around RM500 pm should be OK. If after the 10th year, u decided nt to be a member because dont want to pay RM1800 for life and your kids bug u to bring them to the pool in the clubhouse!

This post has been edited by BRE: Jul 27 2015, 05:15 PM

well.. if factor life time membership in the house price i think they will lose their competitive edge.

Anyway, how to define life time? The life of the property owner? Or the life of the house?

Some people really don't bother about club house facilities, if you force them to pay for it is also not fair.

Yeah, it's good to make it optional if owners dont want to pay for it and dont want to use the facillities in the clubhouse.

Of course owners would want the life of the house definition lo bro!

If Matrix can give lifetime membership then it will be one of the factors to entice buyers to buy.

The house is Freehold leh... haha... that would be nice!

Klang Valley south is getting ONG!

Seremban is south of Klang Valley and is now considered part of the Greater Klang Valley that's why is so ONG.

This post has been edited by neonikson1: Jul 27 2015, 08:14 PM

Its RM1800 per year....duhhh

muti piap piap spa kula!

After 8 yrs free，they simply increase membership fees then really good investment

Yup sorry it's RM1800/RM1000 per term!

Ya... can invest in Matrix's share!

did u attend the Matrix Global School launch today

No... i was at a property auction this morning! Have some kangtao there

Matrix's share is at RM2.6 today, which is at their 3 year low, still giving 5.6% dividend.

Whether this is a good stock to buy will need to study their company fundamental.

Any taikor & taikaje has any insider info?

Better to invest in their prop BSS or their shares bro?

Too bad TS Muhyiddin last official event as Edu Minister is Matrix Global School launch

This post has been edited by nexona88: Jul 28 2015, 06:12 PM