Where is Balista in the master plan?

Can outsider go in their restaurants? For instance, Movita Bar Lounge.

Hi. I work in KL. I heard it takes 1 hour plus on normal jam. Not sure will move there or not.

I bought it because cant get freehold landed prop in KL for that price. Already got a condo so dont.want another condo in kl also

I'm not buyer of Elvina, I'm from Dextora lol..

I went there last week sunday and club house was fantastic.

Anyhow, anyone can clarify that Balista Double Storey Terrace was one sold at RM450K+++ early Last year

Wow... Hot air balloon! 

Anyone going?

How to reduce your bank interest? The easy way!

Posted on Aug 28, 2015
If you are a home owner, you would have already known about the soaring interest rate on mortgage loans, which also causes fear among first home buyers. The property price these days are shooting sky high and so is the bank interest rate. However, buyers still have the option of shrinking the interest by opting for the right payment method.

There are several types of payment methods available for home loans and among them are the conventional once-a-month payment and the Bi-weekly payment. Even though Bi-weekly payment is well-accepted in foreign countries, it is less widespread among Malaysians, and for most, it is still non-existent. The only bank that offers this as an option is UOB Bank.

Bi-weekly payment is a scheme which can aid buyers to cut down several costs, when it comes to paying mortgage loans. So in what way will the Bi-weekly payment method assist to lessen interest?



So what's the catch??



The catch is, instead of paying once a month, buyers will be obligated to pay twice a month, once every 14 days. The buyer only makes a 12-month payment per year on a typical monthly payment, yet this method will make them pay 13 months of payment a year, which is 26 Bi-weekly payments.

The most essential fact is the loan tenure will reduce from 30 years to 25.5 years, with just one extra month of payment each year. So how much can buyers save on interest with this easy approach?




Let's do the math!!



Assuming that you are acquiring a property worth RM500,000, a serviced apartment, with 10% down payment and about 4.5% bank interest.



Loan Amount: RM500,000

Down Payment: RM50,000

Interest Rate: 4.5%



Typical payment:

Monthly Loan Instalment: RM2280

Total Interest: RM370,830

Tenure: 30 years



Bi-weekly payment:

Bi-weekly Loan Instalment: RM1140 (x 2)

Total Interest: RM335,210

Tenure: 27.5 years



Based on the rough calculation above, with the Bi-weekly payment, buyers can pay off the loan 2.5 years in advance and can save up to RM35,620 on interest.



Extra payment is a burden?!?



Forking out additional payment per year is a big burden, since most people depend on their monthly salary for the payment.

There is a simple way to overcome this.



Steps to make things easy!



Firstly, remember to have a separate bank account for the home loan payment and it is advisable to set a standing instruction for the deduction, every 14 days once. To be on the safe side, start your account with one extra month of payment.

If your monthly payment is RM2,280 (Bi-weekly: RM1,140 x 2), make sure you add in at least RM190 per month and make it RM2,470 (Bi-weekly: RM1,235 x 2).

After your 24-weeks deduction, you will have extra cash in your account just to cover for the next two payments to complete the 26 Bi-weekly payment cycle per year.

It is vital to discuss with your bank before deciding on your payment method, as banks will have different approaches on this matter. Overall, the Bi-weekly payment is a good way to reduce bank interest and a method that should be considered by many.

http://www.propertyguru.com.my/resources/p...edarticletittle

Hi all. Great info you share here neonikson. Just read from page 1-25.
Secured a unit of Balista recently.
I just picked up tennis. Maybe we could play some day.

Who informed you? Did they give you a letter?

Who informed you? Did they give you a letter?

Oh i see. Have you paid?
I initially thought it was covered by dev

Hi, any updates on the "Marvellous" at elymus last nite....

a lot of people? 

at the previous post, say people started to leave early 

Agent told Balista owners will get their key in Nov 2015, Latest December 2015.
Always 1 month before completion date (Jan 2016)

Update: Phase 1 Balista owners will get their key coming 19th October

Balista owner here, rest assured there are minor defects only. Matrix came within 2 weeks to rectify the problem. Some other issues like doors unable to close properly have yet to be rectified due to sub-contractor. Spoken to neighbours and all, no major problems, some tiny cosmetic cracks on wall which is quite okay.