HOC 2020,
0 Downpayment
Kuala Lumpur Address, 6km to KLCC, 3km to Publika
FREEHOLD
Density 680 (Less than 1k)
MRT2 + MRT3 (Under latest DBKL structure plan)
Priced at 600 psf (C28 current 650-680psf)

At 70% Sold now...

And...
you guys Indian here, Indian there..

Just stating events that happened comparing to people stiring racial issues here.

Lol should wait till 2022 mrt complete maybe more lelong oh...

Seeing the amount most probably September 2019
Do check back 3 months later see any updates ya.
Appreciate your IT skills to get that link.

Im sure 100% Malaysians.

DBKL structure plan,
KLSP2040

http://www.dbkl.gov.my/klmycity2040/klsp2040/
Page 185.

You are welcome.

https://m.facebook.com/PPKL2040/photos/a.31...9250674/?type=3

FB live press conference by DBKL on May2020.

Mrt2 is already a landscape changer,
Mrt3 is just another potential super booster.

Wow...
"MRT2 causes more property lelong in 2022 onwards"

I think best Malaysia don't develop any new infrastructures.
No Lelong

Your theory can make as a nobel prized PHD topic,
MRT2 causes property lelong.

This post has been edited by Babablacksheep: Jun 12 2020, 11:53 AM

So MRT is the cause?
Or the cause is
Buyer's own knowledge, financial, management and capacity ?

Haha.. dont need to be smart alec to see who's the bitter person here.
Bitter on mrt, bitter on development, bitter on hoc????

There is no guarantee in 100% up property, everything is on projecting current and future probability..

Making decision near mega infra is due to leveraging on bigger giants resources and effort as
Government, top authorities, experts, local council and alot more agencies have put in massive effort on this tens of Billion Ringgit infrastructure. (USING TAX MONEY)

Do u think there are no studies before any straregic decision of station locality?


Your "Real situation" on mrt2 location which connects Ampang Park, KLCC, TRX, Bandar Malaysia.....are not strategic....?????!!!!!!!!!!!
Ok......... ...........................


But i like how some of you all think,
Without MRT is better than MRT.
Good luck.

Mrt2 connects from sungai buloh to putrajaya.
Major stops:
Kwasa damansara, Ampang Park, KLCC east, TRX, Bandar Malaysia(future hsr), Cyberjaya, final stop at Putrajaya Sentral (change etl to klia and klia2)

Mrt1 major stops
Pavi BB, cheras Maluri, trx, one U



Strategic infrastructure ?

It will be suicidal if you dont know what you are doing.
Just like contra leveraging on stocks margin, even its super liquid.

Leverage is just an accelerator, no good or bad, ammoral.
U earn big or u loss big.

Diff asset class has their own unique characteristics, as strategy or technique to move around.

So Dominantly, its still our own wisdom, knowledge, experience and execution that makes a profitable investment.

Not exact figures,

but im sure

Condo that are NOT within 500m from these stations

ARE EXTREMELY OVERLOADING MORE

Than the within ones.

Your last sentence is what i just mentioned.

If property is so illiquidily dangerous, why would banks allow to leverage 1:9 for 35 years with 3/4% interest?

Compare to liquid stocks, contra margin usually 1:2 time T+2?

It all falls back to ur own investment strategy, nothing is 100% safe and sure earn. Its a calculated risk reward ratio with your own wisdom.

Its a procedural process.
Pay upfront loan stamp, because you are not entitled before ur SPA is stamped.

After spa is stamped. (Ownership confirmed)
Lawyer will claim it back for you.

Buying a property is no easy feat high ticket purchase.

If you want one dragon service from info,loan,lawyer,valuation, agency, future rent, or any related assistance,

Kindly PM for best deal.
:-)

Nice review

It depends what site you search.
If subsale /secondary market, most probably all legal cost will be lump into one shot.

New launch/undercon projects are usually progressively charged due to different stages.

First,
You need to go through the early
SPA and Loan Legal stage,
Get your SPA stamped.

After few years when completion, due to undercon, the Master Title (holding by developer) needed to be splitted and convert to Strata title.
So we are at the Perfection of Title stage here.
Simply put, your legal fees is for managing the perfection of title.
The MOT stamp duty is just a tax that is waived during HOC.

Generally speaking, new launch developers usually will subsidized some major part of the legal fees but usually not ALL.

For the Birch,
Legal SPA and Legal Loan are absorbed.
Disbursements,reimbursements, miscs ,buyer to pay.
Legal MOT,buyer to pay.

Loan stamp duty (upfront and claim back later) and MOT under hoc.

Cheers !

Its just a sample quotation.
MOT = memorandum of transfer, technically is just a document, but generally refered to the "stamp duty of instrument of transfer.

Stamp Duty on the instrument of transfer (aka MOT) = hoc covered.
Legal fee on the MOT matters, buyer to pay.

Most probably legal fee for MOT (perfection of title) is around 2k-5k.

Hence 6k might be at a high side quote however possible rate on y2023. Lets see how inflation kicks in.

This post has been edited by Babablacksheep: Sep 16 2020, 11:53 PM