I did, just signed the lease agreement last Friday. Could have bought it under normal loan but Houzkey offers more flexibility so might as well give it a try. The MBB lawyer said so far 20 units of this project are under Houzkey.

I noticed that and asked the banker and lawyer 3 times before signing it. The agreed cost is MOT actually, which is payable by tenant if we decided to buy the property from Maybank later.

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.

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.




Attached thumbnail(s)

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.

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.

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.

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.

I bought a unit. Before that, I tried staying in The Link2 next to the site for a night through Airbnb just to check out the condition since that was also built by Berjaya.

Overall, I'm not impressed with the materials they used but it was acceptable. I bought this unit for its location and surrounding. Well, there is no perfect property, you will have to consider the pricing, location, personal preference and quality, I'd say it is pretty good if it meets 80% your overall criteria and objective.

Yes. Mine is at Tower A, took the loan rejected unit because I couldn't book any when it was launched. The price is on the high side and I wonder if Berjaya would offer better package to buyer now due to low market demand, you can call them to check, maybe they throw in some free furnishing to attract buyers now.

Thank you, it is indeed pricey for the quality they offer so I'm paying the extra solely for the location. Could have gotten better quality condo/house else where though...

Re traffic, I think it cannot be avoided. I'm staying in Puchong now and traffic is worse compared to Bukit Jalil and it takes me longer time to get to where I want with the extra distance.

Anywhere you are surveying at the moment? The Rosewoodz by Exsim is not bad too, nearby and similar price range.

My friend own a unit in Skyluxe, it was sold out in 2016 so missed the boat entirely. Subsales price is higher per sqft if compared to The Tropika but I heard the quality is better than any existing Berjaya project.

Thanks, I get the smallest unit as the maintenance is quite high. Probably will rent it out when it's ready for 5 to 10 years. After that will reno for the kids or for own stay if we wanna downsize after retirement.

https://youtu.be/lZpW6ahNfKg
https://youtu.be/oyQcOy3hqRg
https://youtu.be/8X12vQdT578

Above links are quite useful as the YouTuber Sean Tan also considering a unit in The Tropika, hence, his review is very project specific and you will find practical advices in those videos too. .. It has 5 episodes all together so you can search for others in his channel if missing from above list.