Currently 700k net after discount for 31st floor 2R2B.

Units running low apparently.

Actually booked a unit. Look at the numbers it is expensive. But my first priority is the location. Sunway Serene is smack dab in between LDP and Federal, as well as fairly convenient to nearby shops/malls (driving of course).

I am buying for own stay, so residential factors are a priority, double parking, 0.26 maintenance fees (2 years) and just the fact that it is not a "worthy investment" due to the price, it's suitable for own stay. If you're looking to invest, you should really pass this project. The location, "lake" and nearby residential areas further solidifies it as a good residential project.

This is subject to Maybank's risk assessment after you have submitted the necessary documentation.

From Maybank's Houzkey website, the monthly rental not repayment to any loans is not set, cause subject to risk assessment. Some say say that it's about 50% of a monthly installment of a conventional loan (I cannot confirm this).

Attached is a picture if you were to get a unit for 782,000 with a 100% loan margin with 3% interest for 35 years. About 50% of the installment would be around the rental amount. This is just a simple example.

But you have to understand that in the future there's most likely no HOC, so you'll have to fork out the loan stamp duty and MOT, although Maybank will evaluate the value of the house now, in case you want to buy in the future. Also the rental has a limit la, up to 5 years only.

Yea, but it really depends on situation. With Houzkey, you can exit after 5 years with zero reasoning, and with a low monthly rental, it's still ok if you want to manage your cash flow, especially during this pandemic. You also have the choice to own it after a year with a more lenient review if you're getting a mortgage from MBB.

But if you have a stable job that allows for you to keep up with the monthly installment of a mortgage, and you want to own this property eventually or in the future, I recommend you to skip Houzkey.

All in all, it's a very situational thing if you want to take Houzkey or not.

After rebates it's about 750~800 psqft

Are you living nearby with personal experience?

But I did not hear much from Puchong's Lake Edge or Sunway South Quay. There may be other places that has stinky lakes, but I strongly believe not all. Personally been to Serene's lake and there's no smell.

The commercial part of this project is the land title, but usually for serviced apartments, developers will apply for HDA to say that it is for residential purposes. There are laws and regulations that developers have to follow for projects under HDA, as it's for residential purposes, even though on commercial land. Down side is still you have to pay commercial rate for utilities, but for electricity you can apply from TNB to change to residential rate.

Water charges commercial rate minimum RM36 iirc. Assessment rate will be based on the rental price (there is some calculation done by the local government based on rental price of the property), and if I'm not mistaken will also be higher due to commercial land title.

Wow this is actually huge news. First of all, Sunway didn't really promise a township or the acquisition of the WD land.

Next thing is, I believe at already such a steep price, many would change their mind cause who would want to stay opposite of a factory? God knows what the future factory will produce/manufacture and cause what sorts of pollution. Not to mention probably an increase in traffic for factory workers as well as transportation of goods in and out of the factory.

Either Sunway build some sort of barrier (won't do much tbh) or significantly lower their price. This puts Sunway in a really tough spot because I believe they are targeting own-stay buyers, and own-stay buyers colanfirm would not want to stay opposite of a factory unless sold dirt cheap.

God knows what will happen to the lake too if a factory is built so close to it.

Unfortunately for mine was rm500 non-refundable. Changed my mind after loan approval.

Honestly, the only cons is the price . The location is good, driving distance to almost anywhere, good connectivity in between federal and LDP, matured area, you get a park, SUPER large rooms, their smallest unit 2B2R is >900sqft.