Golden Palm Tree Water Villas
This prestigious development offers investors a 7-year guaranteed rental package of 7% minimum per annum
The Project
The Golden Palm Tree water villas project is the first phase of the wider Sepang Gold Coast , coastal city development , creating the longest coastal paradise in Asia,
The resort will benefit from theme parks, hotels, shopping malls, international cities and much much more.The Palm will be the center pieces of it all and is going to show the highest capital growth and income for Investors.
Development size
The Palm contains 366 units (160 Travelers, 130 Canary, 66 Ivory and 10 Royale) and is phase one of a 10 year project covering 22km of coast line. The development will be managed by Swiss BelHotel - www.swiss-belhotel.com
Construction
Reinforced concrete foundation and frame, with Masonry wall and cement board cladding. The roof is a timber truss with alang alang thatch.
Timber flooring is used throughout apart from the bathroom where a terrazzo tile is used. Air conditioning is fitted as standard in all units.
Completion date April 2010
Furniture
Units come Fully furnished
Rental package
- Guaranteed return of 7% for the first 7 years
- Guarantee Return will commence payment physical upon hand over of unit. Payment will be made quarterly after audit by auditon
- Free stay
- Free 14 days per year of leaseback at Resort; days not used will be burned off
Finance
The Bank of Nova Scotia
- Maximum 50% margin of finance
- Interest at Base Lending Rate + 0.75% to 1.00% (depends on qualification, current BLR is 5.55%)
- with lock in period of 5 years up to 15years
Reservation
A 2% reservation fee is required to secure a property and is fully refundable in the event that the loan application is rejected.
Deposits and contract procedures
* 2% down to reserve the unit
* Contract sent to client
* 8% upon signing sale and leaseback agreement
* 90% upon agreement stamp, within 2 weeks upon signing
Closing costs
The closing costs have all been included in the purchase price and if you are buying using the rental agreement
Taxation
Capital gains, income tax and property tax Zero rated....
