Matex Residence

[OracleMasia]

So far HSBC is BLR-4.3% (developer booking not confirmed yet)and OCBC (BLR-4.4%). UOB, my preferred bank yet to have any details pending developer booking. RMB , will difficult for Singaporeans to apply. Shall see what UOB had to offer before deciding. Note DIBS only avaliable if you use the panel banker only.

. Typo mistake. It is BLR-2.3% for HSBC and BLR-2.4% for OCBC. UOB is likely to be BLR-2.3% as well.

 

[streams]

Can get Tropicana Danga Bay at $7XX psf only. Why buy this at $1300 psf? Selling at $1300 psf at primary launch does not mean you can sell in secondary market at the same/higher price..

mm..interesting... what was the reason for such high pricing?

 

[yyhwin]

mm..interesting... what was the reason for such high pricing?

Toilet bowl plated with gold...............

 

[Newbie11]

Think it has German kitchen

 

[Steventlk]

mm..interesting... what was the reason for such high pricing?

Straits View and high floors (35th floor and above)

My take: too ex already.

 

[OracleMasia]

Anyone still wants to buy Matex can ask NSGlobal to inform when there is units returned due to loan unapproved.

 

[graveyard]

Anyone still wants to buy Matex can ask NSGlobal to inform when there is units returned due to loan unapproved.

All released units fully sold????

 

[graveyard]

Confirm increase a lot. I heard from my sales agent that the last phase price was determined before the latest cooling measure.

what?? there is a 2nd Matex tower?????

 

[graveyard]

Another way to look at Danga Bay......

it make Matex look cheap.

yes it does. And it makes Tropez @ Danga Bay dirt cheaper (6xx psf)

 

[OracleMasia]

yes it does. And it makes Tropez @ Danga Bay dirt cheaper (6xx psf)

I dun think you can rent out for properties at RM1300 psf. 6% is RM6.5 psf. This is already top end rate for properties in KLCC.

 

[Newbie11]

is it fair to expect 6% yield in JB? and we know KLCC hi end are suffering now.

 

[OracleMasia]

is it fair to expect 6% yield in JB? and we know KLCC hi end are suffering now.

You can't get 6% in KL or JB thesedays. I use 6% simply because you need 6% to cover the monthly mortgage payment. I think for high end , you can get RM 3.5 ~ 4 psf. This transfer to RM 800psf. That why I will advise not to buy any property more > RM900 psf using this rule.

 

[sgtsk]

mm..interesting... what was the reason for such high pricing?

My take is that Malaysia is selling properties to foreigners and naturally aiming to price as high as acceptable to foreigners. For Singaporean investors RM 1300 psf is still very cheap as compared to high end properties back home. Singapore govt is doing the same.

 

[sgtsk]

It does depend.....

1. Buy for own use.
- Pay down as much money as you can, as the loan you service may double the final price you pay.

2. Rental return.
- Try to balance your mortgage payment with the rental you collect. (make tenant pay your mortgage)
- Loan to the max, hope inflation is more than the bank interest.

3. Capital gain play. Sell during TOP.
- Loan to the max, use developer package to ride the wave up while you save on interest from now till TOP.

4. Buy 2 get 1 free trick. (my play)
- Loan to the max, use developer package to ride the wave up.
- Try to use capital gain from 2 units to get third unit for free.
- A 50% gain will do the trick, but high risk as must buy more units.
- Sometime the gain will change the plan as sometime people do not mind owning all units with 50% equity in it.
(example : A person whom bought 3 units in SKY 88 , already succeed in this trick if he bought 3 units)

Shifu, thanks for great sharing!

 

[OracleMasia]

Any one here has any idea of RHB loan package for Matex?

 

[invest888]

Any one here has any idea of RHB loan package for Matex?

I check with NS-Global the RHB package. they said their rate is not attractive as other bank, now I'm talking to OCBC and HSBC to find the best package. Any one have any suggestion/experience to share?

 

[OracleMasia]

Bank Package for Matex is as follows:

OCBC (BR - 2.4%)
UOB & HSBC (BR -2.3%)

Decides to take UOB as it offer the longest tenure term at 35 years verus OCBC of 30 years for Singaporean.

 

[Mingchye]

http://www.relax.com.sg/relax/news/1584508/Elevated_walkways_to_link_up_JB.html

wah good news for Matex investors

 

[shctaw]

There are more than just the building connectors.

Go thru PDF, it will tell you all development until 2020.

They should be clearing the river very soon.

6.1 Building Connectors For JB Sentral-Komtar-Matex-Persada (Total length: 350 m, Width: 2.5 m)

6.2 Pedestrian Skyways along Jalan Siu Chin and Jalan Ungku Puan Connections between JB Sentral-KTM-Merlin Tower–Old Town-Bukit Timbalan (Total length: 500 m, Width: 2.5 m)

You can find the detail in PDF file below.

http://www.iskandarmalaysia.com.my/pdf/cc-openday/IRDA-RandR-eng.pdf

 

[shctaw]

All Iskandar investors please take note.

A lot of us thought the Iskandar is only Zone A, B, C, D and E. It is not true; the actual size is the orange outline. Total 2217 km/2 or 221,634 hectares.
To put it into more understandable figure; it is about the size of

477 Toa Payoh Town

Please open your eye when you invest in Iskandar, do not buy into an endless supplies of condos.

Below is a picture of our beloved Toa Payoh town.