“10% BELOW MARKET VALUE” for “DOUBLE STOREY TERRACE” @ BANDAR KINRARA 5, PUCHONG

Immediate GAIN RM70k capital profit on value which literally give you “FREE CASH” of RM63K to renovate your dream house

This deal does not mean for investor.
It is for genuine buyers with RM60k – RM90k budget, who is a started up family and would like to own a dream landed house in prime location at affordable way

Received message from our agent friend, and we would like to share the unit with you guys.

This is a subsales, 20×70 FREEHOLD double storey terrace at Bandar Kinrara 5, developed by reputable developer I&P group in early 2000’s, which one of our member has bought it in late 2013.

Now, there is this one unit which is available for sales.

Location: Jalan 5/3, Bandar Kinrara 5, Puchong
Land area: 20×70
Built up area: Estimated 1400-1600 sf
Asking price now: RM630k (still negotiable)
Bank value: RM700k
* Which means, it is 10% BELOW MARKET VALUE!
Condition: basic unit, without kitchen extension, ground floor marble, first floor parquet

Unit location is shown at red dot mark

Why Bandar Kinrara?
Bandar Kinrara 5 is located in the centre region of Greater KL.
FREEHOLD, HIGH LAND AND SERENE ENVIRONMENT
Most important, NO TERMITE issue and no major water leaking issue
– East : Kinrara golf club
– West : Bandar Kinrara 4 landed houses
– North : Commercial centre/Gaint/Kinrara 5 LRT station
– South : Ayer Itam Forest Reserve
Accessible via Bukit Jalil highway, LDP, KESAS, Old Klang Road
LRT station is located besides Gaint Kinrara 5 (to be completed by end 2016)
Within 1-2km from this unit.

A serene township for live – learn – work – play
Gaint, Chinese primary school, secondary school
7-15km to Subang, Sunway, PJ and KL and upcoming Bukit Jalil City

3. Mass market property (local household income)
Household income RM10k and above consider affordable for RM600 – RM700k landed properties

4. For BK5 landed property
– FREEHOLD landed house is scarce now
– Compared to condo, this unit does no need pay maintenance fee and sinking fund

# What about this unit of FREEHOLD Double Storey Terrace @ BK5 compared to nearest high rise projects

1. Rimba residence condo @ BK5 – RM650k during 2012 launch
2. Sierra residency apartment @ BK5 – RM460k
3. The Zest condo @ BK 9 – RM600k
4. Park Hill Residence @ Bukit Jalil – RM620k still selling now
5. Z Residence @ Bukit Jalil – RM620k
6. Kiara Residence @ Bukit Jalil – RM600k

In the market, you can check from iporperty or propertyguru, the double storey link (DSL) in BK 5 are currently selling at RM700k and above.
There must be reasons why only this unit selling at below market value?
Yes, there are:
– This unit is previously occupied by owner, they are motivated to sell in order to renovate their new house
– This unit is considered near to mosque, but not directly opposite to mosque
FYI, the neighbour of this unit and the opposite neighbour are all Chinese families
– As mentioned, this unit is basic unit, therefore need to do some refurbishment and renovation

Well, We want to share this unit to those who want to own a quality finishing landed house in premium location by reputable developer
FYI, the recorded highest subsales transaction price for DSL in Malaysia is DSL @ temasya glenmarie developed by I&P group, transacted at RM2.1 mil in early 2015

Double Storey Terrace House Bandar Kinrara 5, BK5 Puchong

If your dream is to own a DSL landed house, let us show you how to acquire it in most affordable way:

Scenario A: This is where 90% buyers mindset, there is no right or wrong as long as it is affordable for buyer.
If you have RM150K budget:
1. Pay RM90k (10% downpayment + stamp duty + legal fee)
Buy at RM630k now, which is 10% cheaper compared to others buyer buy at RM700k.
2. Spend RM60k
Renovate at your own preference ID taste, compare to other buyer buy at RM700k, still need to fork out money to do knock the existing structure and renovate

Scenario B: This is where 10% of buyers who will think out a way to afford the dream house in the most affordable way
If you only have RM90k budget:
1. First, pay RM90k (10% downpayment + stamp duty + legal fee)
Buy at RM630k now, which is 10% cheaper compared to others buyer buy at RM700k and do mark up at market value RM700k to cash out RM63k
2. Upon final disbursement, received RM63k cash out
3. Spend the RM60k cash out
Renovate at your own preference ID taste, compare to other buyer buy at RM700k, still need to fork out money to do knock the existing structure and renovate

Or scenario C: For buyers to own a dream house in the most economic way.
If you only have RM60k budget:
Follow the scenario B method, Out of RM63k cash out, spend only RM30k to refurbish and renovate it with minimal concept. The balance of RM33k can help to off set the RM90k which you had paid during signing SNP.

If you doing the A way, you are actually buying at the 2013 price! The monthly repayment amount is lower
If you doing the B/C way, there is no difference compared to other buyer who bought at market price RM700k now.
Same monthly repayment, BUT you gain the FREE RM63K renovation cost!

Please leave a message here and we will ask the property agent to assist you on viewing and negotiation

However if you need more info or detail on this unit, we are more than happy to answer you.

Disclaimer: Neither we have any relationship, special interest, received any commission nor obligation to any parties, including the owner of this unit. We shared this is because we find this is really a steal deal especially for buyer who want to buy for own stay.