Interestingly, one reader just called me and said, and i quote
"You call this good leal ah!?, other developers are giving DIBS lar..." (no, it is not a typo, the word deal was intentionally wrote as leal!)
So, there was a discussion between DIBS and differed interest scheme by Maybank....so, which is better for purchasers?
To answer that, we ought to know what DIBS is all about.
1) DIBS or more appopriate DBIS is an acronymn for Developer Bearing Interest Scheme. (yes, we all know that oredi!?!)
2) When developer bears purchasers' interest during contruction, this is a COST to developer.
3) Developer will pass on this cost to consumer, which is the buyer.
4) This cost will normally be calculated base on the interest to be borne by developer during construction, which is 36 months. (even if construction period is less than 36 months, developer will more often than not allocate this interest cost up to 36 months. Thus, it is only a saving to developer and not consumer and as again, more often than not, developers may not pass this saving back to buyers).
5) This allocation of interest cost by developer will also factor in the case of an increase in interest or BLR during the 36 months period).
Thus, we can see that from the above point 3), 4) and 5), if you were to purchase a property with DIBS, you will tend to pay more of interest (factored into your purchase price) as compared to a non DIBS where developers do not factored in this cost into the selling price.
You are very likely differ less interst during construction, more so if the construction period is less than 36 months (early vacant possession by developer).
....my point is, there is no free lunch, this is not a laissez-faire state, it is capitalism!
...so, the discussion continues on with this particular reader....
"like that your free SPA, free legal fees on loan documantation and stamp duty on loan is not free?"
My answer is: Of course lah! There is no free lunch! (i hate to break this to all, but most would have already known anyway...)
BUT, the difference are:-
1) SPA fees factored in is cheaper as if you were to bear on your own as developers give volume of cases to lawyers and in return, they get a good discount from lawyers.
2) stamp duty factored into selling price is according to the scale under stamping act
3) these cost factored in will give you a lower cash flow as compared to you forking out cash....
So, DIBS or differ your interest during construction? YOU CAN CHOICE!
N/B: wrong grammars used are intentional....
Thursday 9 August 2012
"No $$$ or Low $$$ down payment and pay NO $$$ during Construction"
Yes, such deals still exist and are not uncommom.....
Before i proceed, here are the terms and conditions. I am putting it smack into reader's face as how often are we tempted by a deal, only to be dissapointed by the fine prints?
1) Applicable to buyers who are able to get 80% to 90% loan
2) Applicable to buyers who are getting the loan from Maybank under the bank's package of differed interest.
3) Applicable to selected model in Symphony Hills.
4) Developer will bear the legal fees on SPA, loan agreement and stamp duty on loan amount. Must use developer's appointed lawyer. (STRICTLY applicable to selected model only)
5) Developer reserves the absolute right to terminate this promotion at any time without prior notice.
6) while care has been taken to avoid any misrepresentations, it is advisable for readers to contact us for further details.
... well, call 012-2020 222 or email us for further details.....
Before i proceed, here are the terms and conditions. I am putting it smack into reader's face as how often are we tempted by a deal, only to be dissapointed by the fine prints?
1) Applicable to buyers who are able to get 80% to 90% loan
2) Applicable to buyers who are getting the loan from Maybank under the bank's package of differed interest.
3) Applicable to selected model in Symphony Hills.
4) Developer will bear the legal fees on SPA, loan agreement and stamp duty on loan amount. Must use developer's appointed lawyer. (STRICTLY applicable to selected model only)
5) Developer reserves the absolute right to terminate this promotion at any time without prior notice.
6) while care has been taken to avoid any misrepresentations, it is advisable for readers to contact us for further details.
... well, call 012-2020 222 or email us for further details.....
Tuesday 7 August 2012
Masterplan & Concept of Symphony Hills (Video)
Masterplan & Concept of Symphony Hills
Symphony Hills is designed to "redefine your lifestyle".
A premier gated and guarded address nestled within a lush natural setting, Symphony Hills is supported by excellent recreational and urban amenities, as well as Crime Prevention through Environmental Design (CPTED) principles where state-of-the-art security features are infused into building designs, landscaping and traffic control.
Comprising luxury residential and neighbourhood commercial units, Symphony Hills is a mixed strata project that forms part of a larger 98-acre boutique development. As a mixed strata development - with an average density of 7 residential units per acre for landed residences - the sophisticated image of Symphony Hills will be preserved, creating the potential to appreciate in value and excellent investment opportunities.
Symphony Hills is developed by UEM Land and will be assessed by CONQUAS.
Types Available :-
1) Beethoven Garden Twin Villa 40' x 100' - (Total of 78 Units for all phases, currently 54 units released)(Phase 1 - All Sold)
- 3 Storey Twin Villa | 5+2 bedrooms | 5,661sq.ft
- 2 Storey Twin Villa | 4+2 bedrooms | 4,620sq.ft
(Prices range from RM2,088,888 - RM2,709,800)
2) Mozart Garden Terrace - (Total of 125 Units) (Phase 1 - limited availability)
- Type A | 4+1 bedrooms | 3,338sq.ft (All Sold)
- Type B | 3+1 bedrooms | 3,224sq.ft
(Prices range from RM1,061,888 - RM1,295,800)
3) Schubert Parklink Terrace - 3 Storey Superlink
- Type 1 | 4+1 bedrooms | 3,132sq.ft
- Type 2 | 4+1 bedrooms | 3,208sq.ft
(Prices from RM1,358,800 - RM1,901,800)
***Special Promotional Packages for the New Phases
Pay only RM5K to own this beautiful house!
4) Schumann 2 : 3 Storey Superlink 26' x 75' - (Total of 49 units in overall development)
- Type 1 | 4+1 bedrooms | 4,143sq.ft
(Prices from RM1,686.800-RM1,855,800)
For more information or viewing, please call KOON
Mobile : 010-2868100 or
Email : koon@espriestate.com
Mozart vs Setia Eco Glades
A continuation from my previous post of Mozart, a run for your money....
Apparently SP Setia Eco Glades is selling 2 storey link houses with built-up of 2,900sf from RM1.2 million, thru balloting!!?!?!(as mentioned by their sales staffs)
While their land size is bigger, Mozart Garden Terrace Type B, within Symphony Hills comes with a "hanging garden" within each unit and a common landscaped gardens within Mozart's developement itself.
Thus, the question will be, do we pay a higher PSF base on built up or a lower PSF?
Mozart 3,225 sf from RM1,119,800 (non bumi) vs Approx 2,900sf at Approx RM1,200,000?
Honestly, it can go both way, but personally, i will go for Mozart, strictly on a cheaper PSF.
While we can't deny SP Setia has done a very good job in their previous developments of which i am personally impressed, i felt balloting of houses in Cyberjaya may not be necessary as there are plenty of choices in Cyberjaya. No doubt, hype will be created, suspense will be built which i must admit a very good strategy for SP to enter into Cyberjaya.
But, back to basic....i would rather go for Mozart, anytime of the day.
As one of the property gurus said, "herd mentality is more often than not the cause of making a wrong choice of investment"
Mine will be what i called the Titanic Version "you jump and i jump". Flipside side is, what if the person ahead of you is not a swimmer, does that means you don't jump? Think about it.....
.....back to basis of property, and one of it will be PSF pricing.
Btw: i can't swim.....
Posted via DraftCraft app
Chill out
Indeed distance is really a relative term.
If you have not venture to Cyberjaya, give it a shot.
Take Elite, LDP, MEX.. you might just find Cyberjaya is more accessible than any other township.
The connectivity of Cyberjaya is highly understated.
It is true Cyberjaya is pretty quiet at the moment. The only thing I can say is wait. Just wait for the residents to move in soon. Houses will be VP soon. People will start moving in.
I was at Prima Avenue the other day, having a nice chill out session with some friends. Yes, you hear me right the first time. Chilling out in Cyberjaya! And mind you, I have trouble getting an empty table.
I was pleasantly surprised to see the basketball court at Prima Avenue is well utilised. I believe the players must be sweating it out at the court after a hard's day work.
Who say there is no social activity in Cyberjaya?
Sports is social activities. A darn healthy one to boot.
Who knows? The next Lee Chong Wei may well be from Cyberjaya.
Cyberjaya is and will be a well planned township. Not haphazard ones where developer build houses first (and think..heck, we miss a road here) and then build the surrounding infrastructure to support the development.
Nicole
Monday 6 August 2012
FAQ: Who would live in Cyberjaya?
Who wouldn't?
1) Cyberjaya is sooOOO faaaAarRrr....?
With the new MEX highway connecting Cyberjaya to Kuala Lumpur City Center, long gone are the days where Cyberjaya is deemed an out of town or even out of outer space for some!
Cyberjaya is also highly accessible from PJ using Elite Highway. Traveling to KL and PJ is within 30 mins drive.
Traveling from Puchong and Seri Kembangan is less than 30 mins. Going to Seremban takes about 35 mins.
Is it really that far? Seriously people, we ought to admit that it is all in our mind. People from PJ may feel is far, but then again people in Southern part of Klang Valley such as Seri Kembangan, Puchong and Cyberjaya may feel PJ is far. Far is really a relative term!
2) There is nothing in Cyberjaya.
No shopping center, no light life and even one of my clients commented, no BKT shop (bah kut teh) and char siu rice shop!
Common people! Would you really open a BKT shops when there are less people living in Cyberjaya as compared to say in Puchong and Seri Kembangan. While we have not figured out whether it is the chicken or the egg that comes first, BKT shop or people living in Cyberjaya isn't one where we can't figured it out.
For those who still can't figure out which should come first, Starbucks has just opened its outlet with drive thru'! on 9th July 2012 in Cyberjaya. I am just wondering how many Starbucks in Malaysia comes with drive thru'. Why would Starbucks open an outlet in Cyberjaya? Why a drive thru'? In Cyberjaya? To the nay sayers of Cyberjaya, this must be something plucked out of the movie "The God must be Crazy".
No night life? This goes the same as well. Mind you that Cyberjaya has numerous MNC coanies, such as Shell, BMW, Dell, Fujitsu, IBM and many many more. With several retail buildings being developed in Cyberjaya, such as Shaftsbury, D'Pulze, The Arc just to name a few, night life within these developments may very well a sooner or a later thing, to cater to these employees in MNCs.
Oh! For those curious drinkers, Cooler Bar next to Old Town is one place where imported beers are aplenty. *burrrrppp*!
3) So, who would live in Cyberjaya?
Aliens and monsters! Seriously, not! It is normal people like you and me that would live in Cyberjaya. There is really no decent homes at the moment where one can live in Cyberjaya except for apartments and condos. MahSing was one of the earliest developer to develope landed homes in Cyberjaya followed by Symphony Hills in Cyberjaya.
Is it really out of this world where employees of these MNC companies start to live in Cyberjaya?Closer to your work place, with Universities and private schools within Cyberjaya, living in Cyberjaya is just about the right decision that one would make.
Spillover from Puchong and Seri Kembangan would also be one that contributes to "who would stay in Cyberjaya". Why spillover to Cyberjaya? Well, better infrastructures, relatively cheaper homes and proximity to these places.
1) Cyberjaya is sooOOO faaaAarRrr....?
With the new MEX highway connecting Cyberjaya to Kuala Lumpur City Center, long gone are the days where Cyberjaya is deemed an out of town or even out of outer space for some!
Cyberjaya is also highly accessible from PJ using Elite Highway. Traveling to KL and PJ is within 30 mins drive.
Traveling from Puchong and Seri Kembangan is less than 30 mins. Going to Seremban takes about 35 mins.
Is it really that far? Seriously people, we ought to admit that it is all in our mind. People from PJ may feel is far, but then again people in Southern part of Klang Valley such as Seri Kembangan, Puchong and Cyberjaya may feel PJ is far. Far is really a relative term!
2) There is nothing in Cyberjaya.
No shopping center, no light life and even one of my clients commented, no BKT shop (bah kut teh) and char siu rice shop!
Common people! Would you really open a BKT shops when there are less people living in Cyberjaya as compared to say in Puchong and Seri Kembangan. While we have not figured out whether it is the chicken or the egg that comes first, BKT shop or people living in Cyberjaya isn't one where we can't figured it out.
For those who still can't figure out which should come first, Starbucks has just opened its outlet with drive thru'! on 9th July 2012 in Cyberjaya. I am just wondering how many Starbucks in Malaysia comes with drive thru'. Why would Starbucks open an outlet in Cyberjaya? Why a drive thru'? In Cyberjaya? To the nay sayers of Cyberjaya, this must be something plucked out of the movie "The God must be Crazy".
No night life? This goes the same as well. Mind you that Cyberjaya has numerous MNC coanies, such as Shell, BMW, Dell, Fujitsu, IBM and many many more. With several retail buildings being developed in Cyberjaya, such as Shaftsbury, D'Pulze, The Arc just to name a few, night life within these developments may very well a sooner or a later thing, to cater to these employees in MNCs.
Oh! For those curious drinkers, Cooler Bar next to Old Town is one place where imported beers are aplenty. *burrrrppp*!
3) So, who would live in Cyberjaya?
Aliens and monsters! Seriously, not! It is normal people like you and me that would live in Cyberjaya. There is really no decent homes at the moment where one can live in Cyberjaya except for apartments and condos. MahSing was one of the earliest developer to develope landed homes in Cyberjaya followed by Symphony Hills in Cyberjaya.
Is it really out of this world where employees of these MNC companies start to live in Cyberjaya?Closer to your work place, with Universities and private schools within Cyberjaya, living in Cyberjaya is just about the right decision that one would make.
Spillover from Puchong and Seri Kembangan would also be one that contributes to "who would stay in Cyberjaya". Why spillover to Cyberjaya? Well, better infrastructures, relatively cheaper homes and proximity to these places.
Mozart: A run for your money
With limited units of Mozart Garden Terrace, selling at an average pricing of RM350psf (+ -), yes, you heard it! Average RM350psf!!!! This is going for a song within Cyberjaya. Possibly the most competitive pricing around Cyberjaya in terms of PSF pricing.
A hidden gem for investors....
Mozart is a 3 sty Garden Terrace with a built up from 3,225 SF onwards.
Absolutely no reason for you to ballot for a higher PSF pricing!
Call 012-2020 222 or any of the sales representatives above for a personalised tour of Symphony Hills.
A hidden gem for investors....
Mozart is a 3 sty Garden Terrace with a built up from 3,225 SF onwards.
Absolutely no reason for you to ballot for a higher PSF pricing!
Call 012-2020 222 or any of the sales representatives above for a personalised tour of Symphony Hills.
Schubert Home To Heart Campaign
Symphony Hills is running a month long "Home to Heart" campaign for Schubert3 and Schubert4 in August 2012.
Purchasers get to enjoy exclusive privileges such as *rebates, easy entry and zero payment during construction.
Come visit us and book a Schubert today.
- RM5000 - low downpayment
- Rebate 10%
- Free legal fees for SPA and Loan Agreement
- 7% bumi discount
Hurry before campaign ends!
Please look for me (Nicole 019-3308831) and do not hesitate to call me for more information.
GPS Coordinate : N 02 55 023 E 101 345
* Terms and Conditions
- Provided purchaser obtained loan under Maybank differed interest package and 90% loan margin
- Must use developer's lawyer
Nicole Chong
Espri Estate Agent
019-3308831
Homes to Heart Campaign
In conjunction of the Homes to Heart Campaign, for selected models of the houses, buyers can expect a zero entry cost on loan whereby developer will absorb the loan agreement free and stamp duty on loan amount. Legal fees on SPA will also be absorbed by developer.
On top of that, with Maybank's differed interest scheme where borrowers pay nothing during construction until vacant possession (similar to DIBS as it is commonly known in the market), buyers who are able to obtain a 90% loan can expect a literally almost no money down.
T&C applies: to avoid any confusions please call 012-2020222 or any of the sales representatives above.
On top of that, with Maybank's differed interest scheme where borrowers pay nothing during construction until vacant possession (similar to DIBS as it is commonly known in the market), buyers who are able to obtain a 90% loan can expect a literally almost no money down.
T&C applies: to avoid any confusions please call 012-2020222 or any of the sales representatives above.
Plan of Symphony Hills' Floating Clubhouse
Children's Playground in Symphony Hills Clubhouse Area
Thank you and regards
Aldrin Tan
Espri Estate Agent
(mobile) 012-2020222
(office) 03-55692778
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