Residential is 4%, commercial is 7%?? Then if electric and water if also based on commercial, should be double than residential

electricity will be converted to residential rate... this is not the first residential project on commercial land by binastra... the rest will remain at commercial rate.... it wont burnt through your pocket annually... especially water usually quite low fees per month unless u everyday open a big water fountain in your condo unit... lol

water fountain inside condo good feng shui XD

what if the extra fees used to pay for better residential condo? for e.g, monthly instalment 2.2k become 2.3k....

of course if there are original residential title condo... u can choose to go for it...to be honest residential title land in city areas getting scarce.... u see of all the new launches recently in cities areas these few years... how many are under residential title? even rumawip also majority are commercial title and AK's private projects the same... and nowadays developer dont convert commercial land to residential title... reason being... they want save on the cost of conversion... and second they can build higher density on the land.... the extra cost incurred for conversion will be charge into selling price anyway... haha

who is going to convert? developer or JMB?

yes, u r correct

if the developer is responsible, they will apply for the conversion for all even before got electricity.
if not then the owner need to do it themselves after getting the TNB bill.

That's the thing. Hahaha...
BTW, what is the facilities that available ah? Anyone got any idea? I think this project they only shout close proximity to LRT and Jusco only.

developer will convert... they already mentioned upon VP... your electrical will be in residential rate...

Bro. Everywhere is commercial land in city now. Basically all can be converted to residential rate if residential project. You can check with ur friends, it is proven cases.

when and where did they mentioned?? if they failed / didn't convert after VP, they will pay buyers whole life compensation on the bills?

I thought Lemanja, riyang, etc are residential? so far, I only heard electric is most likely can convert, water hardly, and assessment bills none successful... u sure is proven o? which managed to convert all??

generally i not sure whether they will mention in their SPA or not... even if they failed... the JMB can apply on their own.... you make it sound like something forever... if you got fren who stay in commercial title residential condo... ask them what rate are they paying at... alot of those developments like OUG parklane, sentul village, leafz, shamelin star all on commercial title but converted residential rate and i dont see the clause mentioned anywhere in their SPA.... only electricity can convert... on a monthly basis... thats also the higher fees paid compared to water....

SPA is a standardized agreement that normally developer wont suka hati chg.
yes, there are projects that originally under commercial title but eventually convert to resi.

meaning to say not 100% confirmed... using that as a way to convince buyer kinda tricky... some project took years to convert though... other rates are not converted, and agents very pro didn't say anything when being asked, and only focus on electricity...

well see who you ask lo... generally its a common thing for me... 100% confirmed or not... i doubt developer wanna risk the wrath of the residents and their reputation over this trivial matter... if the development is under HDA... its quite easy to convert already... under HDA already a clear indicator your building is for residential purposes... those under commercial title without HDA might be more tricky...

then I wonder why other rates cant be converted... anyway, u selling this project also?

yeap... one of the agency in this project... i think its because electricity is the heaviest cost annually compare to those... but government policy we cant interfere much

no more early bird so its either 8% for semi-furnished or 11% for bare unit... agent claim 5-10 years can sell 800psf at least hahaha...with the prediction of 8-12% growth annually

I see.. true also, electricity expensive... assessment rate oso quite expensive, this project really a lot of agency!! getting non-stop msg from them..