Hi Guys..

Zest @ Kinarara 9 is Service Apartment, its built on commercial title and on freehold land.. There will be 720 units in 3 blocks on a 5.6 acre land, quite high density I think.

Location is good. In future, there will be a ramp built to link the opposite road into Kinarara 9, that will make the accessibility even better.

Price is reasonable IMHO.. about RM200 per sqft.. ranging from 1110 sqft to 1213sqft. Better than Setia Walk which is going Rm 320 per sqft

Developer is Trinity Towers, the one who built Heron Residency.

Each unit comes with 2 carpark, great plus point.

No landed property can go below RM 250,000 in Kinarara area, unless area like Tmn Kinrara or Puncak Jalil.

I am very attracted to this project, but commercial title.. kinna set back for me ..

visit their webside www.thezest.com.my and their office in Bandar Puteri for more info.. cheers

Hi,

I am not an agent.. just tat i came across this project.

There are tonnes of info regarding the different of land title in the internet and its just too much to elabroate here..

I am also still learning here and I had just requested the developer to feedback on any chance of converting the accessment, quit rent, and utilities tariffs to residential rate just like what is being done for e-tiara subang jaya and viva residency jalan ipoh. setia walk is also trying to convert to residential rates (according to setia walk sales person).

I would suggest that you pay a visit to the sales office @ 37, jalan 1/2, bandar puteri puchong (opposite giant). As agents always says:" view it to appreciate it "

Good luck~

Maybe I will lock a unit as well 1st, a lot of research about to do before they call up to sign the SnP by end of february.

If the developer refused to convert it to resedntial rate, it will be a big no no for me. There are other things to consider like the surrounding and future development around kinrara and bukit jalil. kindly note that bandar kinrara is at the edge of selangor border and alam sutera (beside bandar kinrara) belongs to kl. There are some draft plan in the klcity2020 plan for bukit jalil area and it also play an important factor for amenities and property appreciation.

With the current economy situation, buying under construction property also kinna risky..

Anyway, just look in the price 1st.. den decide later..

good luck

Hi lim,

thanks, I had gone thru the link before.. anyway, good piece of info

I am very bad with names, I can't rememeber what is the sales girl's name.

Manage to lock in a unit yesterday. Still have about 2 months to think it over.. The booking fee is refundable if buyers decide to withdraw.

Now I have to scout for loan package and seek advice from the loan officers as currently I am taking loan for another apartment near TPM which already tenanted.

No doubt its a good location and still manage to escape the jam in puchong jaya if you decide to go to KL. The service apartment is surrounded by high class resedential, thus environment will be much better. I am a big fan of kinrara area but the landed property is just too expensive for me.. What to expect as I had just started working 3 n half years ago.

Puchong will be a promising area with lots of commercial building comming up. The Puchong Corporate Financial Center office tower in bandar puteri, Setia Walk, The Verve, IOI new wing, 1 Puchong Business Park, and IOI Boulevard. Puchong is also lacking of good condos and service apartments, currently only Aseana Puteri, Casa Puteri, La Vista, Koi Tropika (sorry if I miss out any other condos around). The rest are mid cost apartment. These are supplemented by Setia Walk Solace, Zen Residence and Zest @ Kinrara 9.

I have spoken with the manager and she said that utilities tariff can be converted to residential rate just like what they had done for their previous project, Heron residency, but can't promise for accessment and quit rent.

Maintainence fee Rm0.16 per sqft, lowest i have everseen for a serviced apartment.

If you decide to rent out, they can arrange tenant for you FOR FREE..

Anyway.. Happy New Year..

This post has been edited by eugene jk: Jan 1 2009, 08:17 PM

www.money3.com.my

you will be able to find tonnes of housing loan info..

mine is corner unit as well, away from the main road and facing alam sutera (east). Mine is level 5, if plus the 5 storey of carpark then mine will be about level 10. To me, its sufficient enough for me as higher floor is more expensive, pocket not deep enough

This post has been edited by eugene jk: Jan 2 2009, 12:40 PM

Yup, Unit 12 .. because I want to stay away from noise coming from the main road, corner units have more privacy and all rooms have better air ventilation, although I think Type B has better layout

Thanks for the info... do keep in touch

This post has been edited by eugene jk: Jan 2 2009, 03:00 PM

Zest @ Kinrara 9
Developer: Trinity Towers
property type: Serviced Apartment

I had spoken to the developer and they mentioned that SC will not provide financing to buyers for this project.

join our discussion here

http://realestate.net.my/forum/viewtopic.php?t=21790

cheers

oic.. so what is the current layout of the parking lot? one in one out or side by side? mine is type A as well, unit 12 (further away from main road)

I have ask them to convert the utility tariff to residential rate, see what are their responce in 1 and half month time

Herm.. good observation there gunnerstkd.. i am asking them about my parking lot.. personally (or rather most of the people) dun like "one in one out" kind of parking lot.

Have to agree that Type B has the better layout, bigger bath room also. However corner lots have more privacy and all room windows are facing out. Cant get the best of both world

Till now, I am still thinking...... ('~')

its good to face east as its the direction of morning sun.. you wouldnt want to go back home in the evening and your unit feel like a sauna. It save your electricity bill too for not turning on your air-con that often . If facing west, you will get the afternoon to evening sun which is very hot, moreover if your unit facing the facilities (swimming pool), you will be annoyed by the noise from the ppl especially kids playing in the pool. facing green is a good choice

Got confirm from them and for unit 12, from level 12 onwards will get side by side carpark.. some other unit will have side by side carpark starting from different level.. suggest respective owners and potential buyers to check with them..

Went to the office today again.. the sales person had shown me the letter from MPSJ to direct them to build the ramp as part of the criteria of the project.. The ramp will start constructing tentatively this April this year..

Looks like the sales figure is not bad considering the project is not even soft launched. Most units taken up are lower floors. Unit 12 is selling fast and high floor only leave level 13A, And that is the last Unit 12 with side by side carpark for block C... better be quick..

cheers..

Hi Arsenal

No, havent cancel yet.. just change mine from level 5 to level 13 yesterday.. additional 7k for 8 level higher and side by side car park ..

Yes.. the sales person told me the samething... deposit with credit card, 12 months installment with 0% interest ... nth to lose...

maybe I will go for that as I dont want to redraw any cash from my other investment..

cheers..

This post has been edited by eugene jk: Jan 16 2009, 02:56 PM

Electricity rate is convertable.. you can check with other service apartment like Tiaraville, E-Tiara..

I heard than Trinity sister project - Heron Condo is also charging on residential rate.. not sure but can check on it..

Other project like Viva jalan Ipoh also convert the utilities rate to residential rate..

Assessment and Quit rent is a bit hard to convert.. but i think it will not be very high..

Pay your MRTA up front so that you will not charge by interest.. some bank will suggest you to put it in together with home loan so that the bank can earn more interest on it.

MRTA is a protection for bank IMHO..

You can have separate Insurance policy (investment link or term) with the sum assured identical with your loan amount and prove it to the bank that your policy is meant for your housing loan.. But not all bank will buy the idea..

Mortgage Life Insurance

Mortgage Life Insurances are designed to pay off the outstanding loan balance in the event that the borrower dies or suffers from total and permanent disability (TPD) before the loan is fully paid off.

Basically there are two types of mortgage life insurance available in the market. One type is commonly known as Mortgage Reducing or Decreasing Term Assurance (MRTA or MDTA) and the other choice is Mortgage Level Term Assurance (MLTA).



Mortgage Reducing Term Assurance (MRTA) or Mortgage Decreasing Term Assurance (MDTA)

MRTA or MDTA is a reducing term life assurance specially designed to protect a loan borrower against death or TPD (total permanent disability) due to natural or accidental causes. Some lenders will allow you to finance and add the premium to your home loan (up to a certain percentage of your loan amount).

MRTA or MDTA is a simple insurance policy and has become a common and acceptable policy taken up by the borrower whenever he takes up a mortgage loan. The premium is paid upfront in one lump sum. Some lenders will finance and add the premium to your loan. The borrower can choose the amount and tenure of the coverage and the amount of premium will be determined by these factors as well as his age and gender. Banks normally encourage the borrower to take up this policy by giving better pricing on their interest rates if the borrower signs up a MRTA or MDTA policy.

To the borrower this is relatively a hassle free, affordable and necessary policy as their mortgages are covered in the event of any unfortunate incident that may caused death or TPD.

1. Not Transferable
In most cases, new MDTA policy has to be taken up whenever a borrower changes his properties or refinances his loan with another bank
Example: 5 yrs later, refinancing at the older age, for same tenure of same loan amount, the MDTA cost is higher.

2. Insurability is not Guaranteed
Most of the time every time you finance your property, you have to prove that you are healthy to purchase MDTA.

3. No Cash Value
It is an expense with zero cash value at end of the mortgage tenure.



Mortgage Level Term Assurance (MLTA)

MLTA is a slight variation from MRTA or MDTA and offers an alternative for a borrower who is looking for a life insurance which offers protection plus savings and in some policies returns on the premium.

Premium is paid on a monthly, quarterly, half yearly or yearly basis and the policy holder can choose to have a wider coverage other than death and TPD. The amount of the premium will be determined by the usual factors and the scope of additional coverage.

1. Transferable
This policy is transferable whenever the borrower buys a new property or refinances his loan with another bank.
Example: Transfer this policy, adjust the sum assured to match the new loan, as many times as you need.

2. Insurability is Guaranteed
You purchase only once, with the same sum assured, there is no need to prove your health condition again.

3. With Savings or Returns (Cash Value)
Premium paid will be accumulated either as savings or savings plus returns. The cash value can be used to reduce or pays off your mortgage.


**Note.. There is no 36 CIs included in MRTA.. CIs coverage is crucial as anyone of them can cause a person not able to work or perform daily routine work.. I think MLTA can include CI's..

Of course, MRTA is cheaper and for MLTA, there is a premium to pay for it..

The most important thing is to evaluate your existing insurance policy (all the 5 important items) before jumping into the wagon, because it can cause a person hassle if the wrong decision is made..

Cheers

Gunner is level 16 unit 12 and Taurus is level 15 unit 12?
mine is unit 12 too level 13 and Hj is unit 12 level 12, ... wonder who is at level 13A

Unit 12 is best selling so far

hello "vertical" neighbours

This post has been edited by eugene jk: Jan 25 2009, 12:03 AM

the last time i went, for high floors, only left 13 and 13A, so i took 13 as i think it will be confusing if you tell your visitor that you are staying at level 13A ..

This post has been edited by eugene jk: Jan 25 2009, 04:10 PM

Sierra Residency.. in BK5.. low density.. no balcony.. completion soon in June.. Subsale goin at RM200k..

This project sold like hot cake.. When i got to know this project 2 years back, it had already sold out.. lauching price was RM99k - RM120k ..

Freehold Residential title..

sierraresidency.blogspot.com/

This post has been edited by eugene jk: Feb 3 2009, 04:56 PM