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Investment THE TROPIKA RESIDENCES @ BUKIT JALIL, The Ever Greens of Par Way

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ABClily18 P
post Oct 27 2019, 12:47 PM

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QUOTE(bigman @ Oct 27 2019, 12:34 PM)
I dun think is MOT... Agreed cost is add into selling price which become total price buyers owe Maybank... MOT is another cost which approximate 3% from SnP price... Better get black and white from Maybank and lawyer if they say so...
Until now, Maybank still keep quiet on my request.. Will chase them while at same time CC to BNM...
You should write into Maybank and lawyer in order keep as record for future evidence if there any dispute occur... No harm to write in...
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Thanks so much for sharing this. My mistake, should have obtained an email confirmation from MBB before signing.

I've messaged the banker and salesperson to get confirmation on this cost. Are you buying on Houzkey like me? Will shared their written confirmation with you if that helps.

If banker and salesperson gave me different answers later, I will write to the lawyer and BNM.

Let's hope they don't eat their own words. It was just last Friday so there's no excuse to deny what they confirmed with me last Friday.


bigman
post Oct 27 2019, 12:54 PM

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QUOTE(ABClily18 @ Oct 27 2019, 12:47 PM)
Thanks so much for sharing this. My mistake, should have obtained an email confirmation from MBB before signing.

I've messaged the banker and salesperson to get confirmation on this cost. Are you buying on Houzkey like me? Will shared their written confirmation with you if that helps.

If banker and salesperson gave me different answers later, I will write to the lawyer and BNM.

Let's hope they don't eat their own words. It was just last Friday so there's no excuse to deny what they confirmed with me last Friday.
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The unit bought by my relative.... Mine through normal loan cos already more than 2 properties... Not entitled for Houzekey...
0.5% so called agreed cost for me is hidden cost... Eventhough it is not much comparing the selling price... But as buyers... We have right to know what we paying for... And it is regulated by BNM? Or it just a admin or disbursement fee? If yes, then it is very expensive comparing current market practice...

Pls cc to enquiry@ofs.org.my for all correspondences between you and Maybank... This will help and banker will take serious on the disputes

This post has been edited by bigman: Oct 27 2019, 01:07 PM
ABClily18 P
post Oct 28 2019, 09:41 PM

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QUOTE(bigman @ Oct 27 2019, 12:54 PM)
The unit bought by my relative.... Mine through normal loan cos already more than 2 properties... Not entitled for Houzekey...
0.5% so called agreed cost for me is hidden cost... Eventhough it is not much comparing the selling price... But as buyers... We have right to know what we paying for... And it is regulated by BNM? Or it just a admin or disbursement fee? If yes, then it is very expensive comparing current market practice...

Pls cc to enquiry@ofs.org.my for all correspondences between you and Maybank... This will help and banker will take serious on the disputes
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Hi Bigman,

MBB probably can only come back tmr since it is a public holiday today but I overlooked your message earlier which said 0.5% agreed cost. Based on my observation, my agreed cost is close to 3% of my SPA price, therefore it matches the value of MOT.

Also, I went through the doc MBB gave me and saw that the agreed cost also translated into incidental cost, and incidental cost is referring to Stamp Duty, Legal fees and etc.

The example used in illustrating the Houzkey (17.5k incidental cost financed into loan) and normal Mortgage (with 17.5k MOT) scenarios seem to paint the same picture too.

Anyway, I'll still get a confirmation from both Banker and Salesperson tomorrow.

Below is screenshot for your reference. I believe your relative has the same document, good to verify it.




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bigman
post Oct 29 2019, 11:08 AM

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QUOTE(ABClily18 @ Oct 28 2019, 09:41 PM)
Hi Bigman,

MBB probably can only come back tmr since it is a public holiday today but I overlooked your message earlier which said 0.5% agreed cost. Based on my observation, my agreed cost is close to 3% of my SPA price, therefore it matches the value of MOT.

Also, I went through the doc MBB gave me and saw that the agreed cost also translated into incidental cost, and incidental cost is referring to Stamp Duty, Legal fees and etc.

The example used in illustrating the Houzkey (17.5k incidental cost financed into loan) and normal Mortgage (with 17.5k MOT) scenarios seem to paint the same picture too.

Anyway, I'll still get a confirmation from both Banker and Salesperson tomorrow.

Below is screenshot for your reference. I believe your relative has the same document, good to verify it.
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Why your terms is different?

Got 500k for this project?

The cheapest price also nearly 600k...


ABClily18 P
post Oct 29 2019, 01:26 PM

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QUOTE(bigman @ Oct 29 2019, 11:08 AM)
Why your terms is different?

Got 500k for this project?

The cheapest price also nearly 600k...
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The case printed on the houzkey brochure is meant for illustration purpose only, not the price of my unit.

I suppose the terms are the same but only your relative can verify that. I'm still waiting for banker and salesperson to confirm this, will chase until they give me black and white.
bigman
post Oct 29 2019, 02:04 PM

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QUOTE(ABClily18 @ Oct 29 2019, 01:26 PM)
The case printed on the houzkey brochure is meant for illustration purpose only, not the price of my unit.

I suppose the terms are the same but only your relative can verify that. I'm still waiting for banker and salesperson to confirm this, will chase until they give me black and white.
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Hi, I don't think the MOT included in this lease agreement,... My relative agreement include 3 months deposit (based on agreed rental for first year) and agreed cost (appx. 0.5% from property price with will be added into property price)...

When we decided to purchas after 5 years, Maybank will sell back to us with original property price plus appx. 0.5% agreed cost... At that time, we need fork out some money to pay MOT stamp duty + legal fee, loan agreement stamp duty + legal + reimbursement fee and SnP legal fee...

Now the question is.... Why Maybank charge buyers with certain sump of money (so called 'agreed cost') before entering sales and purchase process...??

I also waiting Maybank to answer...

ABClily18 P
post Oct 29 2019, 02:20 PM

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QUOTE(bigman @ Oct 29 2019, 02:04 PM)
Hi, I don't think the MOT included in this lease agreement,... My relative agreement include 3 months deposit (based on agreed rental for first year) and agreed cost (appx. 0.5% from property price with will be added into property price)...

When we decided to purchas after 5 years, Maybank will sell back to us with original property price plus appx. 0.5% agreed cost... At that time, we need fork out some money to pay MOT stamp duty + legal fee, loan agreement stamp duty + legal + reimbursement fee and SnP legal fee...

Now the question is.... Why Maybank charge buyers with certain sump of money (so called 'agreed cost') before entering sales and purchase process...??

I also waiting Maybank to answer...
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Hi Bigman,

I got confirmation from MBB that the agreed cost is MOT, it is confirmed via email from MBB, the cost will be financed into your future loan if you buy the unit from MBB later. If you need that email, I will forward to you, just gimme your email address.

Please get your relative to push MBB for a clarification, the terms cannot be different.


bigman
post Oct 29 2019, 02:34 PM

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QUOTE(ABClily18 @ Oct 29 2019, 02:20 PM)
Hi Bigman,

I got confirmation from MBB that the agreed cost is MOT, it is confirmed via email from MBB, the cost will be financed into your future loan if you buy the unit from MBB later. If you need that email, I will forward to you, just gimme your email address.

Please get your relative to push MBB for a clarification, the terms cannot be different.
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The agreed cost is 3% for you?

But my relative one is 0.5%....why got different?

During signing of lease agreement, Maybank officer and lawyer cannot answer what is that agreed cost....

Anyway, we still waiting answer from Maybank... Maybe got different answer...

This post has been edited by bigman: Oct 29 2019, 02:36 PM
ABClily18 P
post Oct 29 2019, 03:04 PM

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QUOTE(bigman @ Oct 29 2019, 02:34 PM)
The agreed cost is 3% for you?

But my relative one is 0.5%....why got different?

During signing of lease agreement, Maybank officer and lawyer cannot answer what is that agreed cost....

Anyway, we still waiting answer from Maybank... Maybe got different answer...
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Yes, confirmed 3%

The Berjaya Salesperson was the one pushing MBB to confirm the details for me. She is very reliable being the direct employee of Berjaya and not any regular touch and go type of SA.

If you need any anything, just let me know. Can share her contact with your relative if that helps to escalaee the matter, no point keep waiting for a response.
impulsebeat
post Oct 29 2019, 03:30 PM

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Pavilion 2 success = another around of hike in price / sqft. If another way round then ....
Sire1009 P
post Oct 29 2019, 09:42 PM

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Hi, any residence owner whatsapp group? If hv, pls pm me. I would like to be part of the group. thanks thumbsup.gif
theballer
post Oct 29 2019, 10:24 PM

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How much is tower B per square feet now?
Calvinwoon P
post Oct 30 2019, 06:13 PM

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QUOTE(ABClily18 @ Oct 29 2019, 01:26 PM)
The case printed on the houzkey brochure is meant for illustration purpose only, not the price of my unit.

I suppose the terms are the same but only your relative can verify that. I'm still waiting for banker and salesperson to confirm this, will chase until they give me black and white.
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They SA lady also ask me to try hosukey, any pro and cons ?
ABClily18 P
post Oct 30 2019, 07:34 PM

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QUOTE(Calvinwoon @ Oct 30 2019, 06:13 PM)
They SA lady also ask me to try hosukey, any pro and cons ?
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The advantage is the amount of money you need to fork out is lesser compared to normal financing. Save a lot of progressive interest too if you get a unit at lower floor.

On top of that, you have cash out option after renting the property for 12 months, you can sell after that and pocket the profit.

From buyer perspective, the risk is lower too because you only start 'renting' after VPed for this project, therefore, you have lesser problem if developer abandoned the project ('touch wood!!!)

The cons is lesser rebate when you buy over from MBB after 12months later, like 2%lesser for this project and you don't get to enjoy free MOT, legal fee and other fees absorbed by developer (block A type B and C only).

I think that's all, this is my first time trying this program too, can only share so much.
bigman
post Nov 12 2019, 01:33 PM

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user posted image
View towards golf course at level 27..
leyhay
post Nov 13 2019, 10:11 AM

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» Click to show Spoiler - click again to hide... «

Middle income IBS project. Coming oso 1500 unit resi facility care liao. This area density how leh?
bigman
post Nov 13 2019, 11:22 AM

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QUOTE(leyhay @ Nov 13 2019, 10:11 AM)
» Click to show Spoiler - click again to hide... «

Middle income IBS project. Coming oso 1500 unit resi facility care liao. This area density how leh?
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The 1500 units health care related project will be built at current Berjaya property sales gallery... The unit will be small... Concept maybe like full service apartment without car park...
razerlxz
post Nov 13 2019, 12:43 PM

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QUOTE(bigman @ Nov 12 2019, 01:33 PM)
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View towards golf course at level 27..
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This look like tower A view. Nice no obstruction, clean air and good horizon
leyhay
post Nov 14 2019, 12:26 AM

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QUOTE(bigman @ Nov 13 2019, 11:22 AM)
The 1500 units health care related project will be built at current Berjaya property sales gallery... The unit will be small... Concept maybe like full service apartment without car park...
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U sure or not. Smallest unit even BIGGER size than Tropika, in smaller plot of land. 1500 units at 12.24 acres liao. What full service apartment with no car park the area TOD boh? Even affordable home got at least free 1 car park

QUOTE
Another project in the pipeline within Bukit Jalil is at the last parcel of development land with a panoramic view of the Bukit Jalil Golf Course. The project, a wellness-cum-residential development, will have a combination of low and high rise residential units of various sizes ranging from 850 square feet to 2,200 square feet spread over 12.24 acres of elevated land. With the composition of purposely- built wellness facilities and residences, this development will serve to meet the increasingly sophisticated market which seeks quality wellness and health services as a lifestyle concept.
jk1215 P
post Nov 14 2019, 08:58 PM

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QUOTE(Sire1009 @ Oct 29 2019, 09:42 PM)
Hi, any residence owner whatsapp group? If hv, pls pm me. I would like to be part of the group. thanks  :thumbsup:
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Please invite me too if there's any WhatsApp group. Would like to join to know about updates

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