No point of you going to the ppa1m office because based on their operating procedure: they need to wait for 2weeks for applicants to accept or reject the offer. Once it's finalised : namelist will be given to the developer.
It will be issued on 18th January 2018 for Sofiya residensi.

On the other hand, DPC developer do not allow registration on one by one basis and will schedule a date for registration.



This post has been edited by powerlinkers: Jan 8 2018, 10:55 AM

https://www.desaparkcity.com/index.html#contactus

Luckily I changed my mind of accepting this apartment and switched to Sofiya Residensi.

The developer sales people were very rude during my 3 instances of phone conversation with them inquiring the units.

Pity the current owners.

This post has been edited by powerlinkers: Feb 15 2018, 06:51 PM

Sincerely : Congratulations... You can even pay cash once completed

Sofia Residensi owners are lucky.

Those new applicants should think twice before applying : you might be stuck with a non-progressing project under this new government.

Logically : No, based on the standard contract, capital gains for the first 10 years are prorated and returned back to the government.

If owner has owned the property for 1 year, he/she will get 10% of the profit.

PPA1M: No restrictions on renting out, restrictions only compass on sale of property.

Maybe : you are mistaken with other government schemes.

Check your contract.

The information is wrong. Call directly PPA1M for confirmation.

There is no restriction on renting out PPA1M properties as of now.


This post has been edited by powerlinkers: Jun 23 2019, 12:44 PM

deleted

This post has been edited by powerlinkers: Jun 23 2019, 05:13 PM

Government loan, LPPSA :100% loan, 4% Interest rate

Private banks/financial institutions : first home scheme:100% loan, high interest rates

Other housing loan schemes in private sector, local banks:90% loan. Interest rates are based on your credit rating, Public Bank offers the lowest in the market(strict filter, if you default 1 month:your rate jumps from 4.15% to 5%+)

If you are talking about debt to service ratio:CIMB offers the highest :85%, followed by Hong Leong bank and bank rakyat(interest high)

LPPSA: limitation is max 60% of your salary deduction for housing loan and 80% of all deductible)

This post has been edited by powerlinkers: Jul 21 2019, 02:45 PM

Rm300k loan would only cost you rm 1350 monthly installment.
In comparison with the rm200k which would set you back rm900/month.

You would benefit more by paying the extra rm450/month, you could cut down on your car or do an extra job for one year until you get salary increase. Think about it. You only need to start paying 1 month before getting the keys.

your wife is getting an apartment at subsidised price for her contribution as a civil servant .

these schemes won't last long under current government.

Moreover, you don't need to pay monthly instalment until the project is completed.

PPA1M properties can be rented out(not like other government schemes) for tenants with a minimum of 6 months contract. You could use the rent to pay for monthly instalments until the 10 year moratorium period is over .

if lelong : rm900k-1million for 862sqft.


do you know something? they need to pay only rm300k, even before construction started : the properties were estimated to be around rm460k, once completed: should match surrounding area to be around rm750-850k.

lottery won by these people.

This post has been edited by powerlinkers: Oct 16 2019, 10:10 AM

if I am not mistaken : RM 80k+ was subsidised by government, rm 80k was subsidised by Desa park city.
That was the cost for construction : RM460k.

Need to confirm actual figures with Parkcity developers .

Sorry bro, don't know exactly. I am not a property agent.

based on mudah
You should be able to get around rm250-400 extra than your monthly installment in year 2021 (provided you have taken LPPSA loan 4% profit rate or you get a low bank profit rate loan like 4.1% from Public bank for 35 years).

you cannot rent the property to foreigners.
get professional tenants or government servants whom will pay on time monthly.

This post has been edited by powerlinkers: Oct 16 2019, 05:40 PM