Any reader is expert in property investment? Kindly pls highlight me. Kamsia.
Conclusions: NOT WORTH TO BUY, WHY?
The SUASANA LOFT IS SELLING AT 600 per sq ft, D'tiara is selling at 900 per sq ft, ridiculous, use our own money to pay us back. Clever marketing strategy.
D’Tiara
Property Type: Serviced Residence
Land Title: Commercial
Tenure: Freehold
Land Area: 2.19 acres
Built Up: 587 – 710/ 872 – 1,032
Listing Price: From RM550,030 – RM896,760
No. of Bedrooms: Studio/2 Room Suite
No. of Bathrooms: 1, 2
Total Units/Lots: 378
Maintenance Fee: RM0.30 per sq. ft.
Facilities: Reception lobby, lounge, restaurants, spa & health centre, infinity pool, water activity pool, business centre, banking hall, launderette, showroom
Great Investment Opportunity In An Excellent location
10 minutes walk to KL Sentral Malaysias main transportation hub (KLIA Express & Transit, KTM Komuter, KTM Intercity and Putra Line Rail System)
5 minutes drive to Mid-Valley City (Integrated Commercial Development + Premier Shopping Centre)
Easy access to CBD Kuala Lumpur, Petaling Jaya, Mont' Kiara, etc via a network of prime roads including Jalan Istana, Jalan Kampung Attap, Jalan Syed Putra, Jalan Sultan Sulaiman, Jalan Kuching, Jalan Pudu and the Federal Highway
Freehold!!!
Guaranteed Rental Returns : 35% nett returns over 5 years(Option to extend rental returns for another 5 years)
Property Type: Serviced Residence
Land Title: Commercial
Tenure: Freehold
Land Area: 2.19 acres
Built Up: 587 – 710/ 872 – 1,032
Listing Price: From RM550,030 – RM896,760
No. of Bedrooms: Studio/2 Room Suite
No. of Bathrooms: 1, 2
Total Units/Lots: 378
Maintenance Fee: RM0.30 per sq. ft.
Facilities: Reception lobby, lounge, restaurants, spa & health centre, infinity pool, water activity pool, business centre, banking hall, launderette, showroom
Great Investment Opportunity In An Excellent location
10 minutes walk to KL Sentral Malaysias main transportation hub (KLIA Express & Transit, KTM Komuter, KTM Intercity and Putra Line Rail System)
5 minutes drive to Mid-Valley City (Integrated Commercial Development + Premier Shopping Centre)
Easy access to CBD Kuala Lumpur, Petaling Jaya, Mont' Kiara, etc via a network of prime roads including Jalan Istana, Jalan Kampung Attap, Jalan Syed Putra, Jalan Sultan Sulaiman, Jalan Kuching, Jalan Pudu and the Federal Highway
Freehold!!!
Guaranteed Rental Returns : 35% nett returns over 5 years(Option to extend rental returns for another 5 years)
How D'Tiara's five-year guaranteed rental returns
* Buyer purchases a unit costing RM500,000
* Based on a loan amount of 80% of the purchase price, at an interest rate of 6%, over a period of 20 years, the loan commitment is RM2,866 per month.
* The GRR derivable from the purchase is RM500,000 X 7% = RM35,000 per annum which amounts to RM2,917 per month.
* Under this scenario, there is a in fact a surplus of RM51 (RM2,917- RM2,866). Hence, the GRR is more than enough to service the loan commitment, which is what most investors seek.
Fully-furnished : 5-star furnishing
High potential for capital appreciation
Friday, November 16, 2007
D’Tiara eyes Mideast and Europe investors
Parent Oilcorp to remain in control after AIM listing
KUALA LUMPUR: Oilcorp Bhd property unit D’Tiara Corp Sdn Bhd is targeting investors from the Middle East and Europe for the company’s proposed listing on the London Stock Exchange’s Alternative Investment Market (AIM) by the first quarter of next year.
Executive director Pua Yow Liang said the listing exercise was currently at due diligence stage.
“Oilcorp will remain a controlling shareholder in D’Tiara Corp after it is listed on the AIM ,” he said after the launch of D’Tiara AmanahRaya Hotel Suites here yesterday
“Oilcorp will remain a controlling shareholder in D’Tiara Corp after it is listed on the AIM ,” he said after the launch of D’Tiara AmanahRaya Hotel Suites here yesterday
According to Pua, D’Tiara Corp expects to launch next year two property projects: the D’Tiara Leisure & Health Resort in Genting Sempah and D’Tiara Waterfront Resort in Pulau Indah, Klang.
The former had a gross development value (GDV) of around RM110mil while the 300-acre waterfront resort had a GDV of about RM800mil for the first 100 acres of development, Pua said.
On the 378-unit hotel suites project, he said there were 150 confirmed bookings from local and foreign investors, translating to almost 40% pre-launch take-up rate.
"We expect the remaining units to be sold within three to six months,” he said.
Pua said D’Tiara Corp was offering an “attractive” leaseback programme, which would guarantee to pay a minimum 7% net return per annum for five years to each purchaser.
Pua said D’Tiara Corp was offering an “attractive” leaseback programme, which would guarantee to pay a minimum 7% net return per annum for five years to each purchaser.
The hotel suites is part of the 8,871 sq m freehold D’Tiara AmanahRaya Office and Hotel Suites. The GDV of the whole project, located within the KL Sentral locality, is about RM435mil.
Oilcorp and AmanahRaya Bhd signed an agreement in August for the entire office block to be underwritten and jointly developed by the latter’s subsidiary AmanahRaya Development Sdn Bhd.
By The Star
Office and Hotel Suites, 35-storey office tower and a 33-storey hotel suites
By THE EDGE
KUALA LUMPUR: Oilcorp Bhd is teaming up with Amanah Raya Bhd to jointly develop a 35-storey office tower and a 33-storey hotel suites here at a gross development cost of RM330 million.
In a statement yesterday, Oilcorp said their subsidiaries Magic Coast Sdn Bhd (MCSB) and AmanahRaya Development Sdn Bhd (ADSB) had inked a joint development agreement and the underwriting agreement for the project known as D’Tiara Office and Hotel Suites.
The development on a 8,871 sq m parcel of land is expected to start from September 2007, and targeted for completion by end-2010. The land is valued at RM44.36 million.
ADSB is underwriting the 35-storey office building, which will have 400 car park bays, at a price of RM149.31 million, half of the total development cost.
A total of RM30 million, or 20%, of the total underwriting price would be paid to MCSB as part of the consideration of the underwriting arrangement.
Oilcorp said that as such, the business risk had been significantly reduced in terms of securing future sales of the office units.
It said ADBS would be entitled to 50% of the project’s pre-tax profit, or a minimum guaranteed profit of RM30 million. MCSB has guaranteed a pre-tax profit of at least RM60 million for the project.
Additionally, ADSB will procure up to RM80 million based on a revolving and reducing balance basis to finance the proposed development, Oilcorp said.
Oilcorp expected the project to contribute positively to its earnings and net asset for the next four years from the financial year ending Dec 31, 2007.