Banyan Curve For Sale in Malaysia

Project

Name: The Banyan Curve Water Homes
Total Investments: 210

Location

Banyan Curve is strategically located just 2km outside the town of Port Dickson, which is famous for its beachfront resort and is just 18 km away from the Sepang Formula 1 racetrack. Upon the completion of the new motorway, linking the Kuala Lumpur International Airport directly with Pot Dickson, you will be able to reach the resort in just 15 minutes. This is all in conjunction with the government’s efforts in actively promoting tourism in the area to foreign tourists and investors alike.

Completion

Fourth Quarter 2008

Investment Structure

99 Year Leasehold

There is an annual guaranteed return of 8% of your initial purchase price for 13 years.

This is paid to the investor on a quarterly basis and allows the owner 10 nights free accommodation in their home per annum. This stay is transferable and can also be carried forward into subsequent years.

This agreement can be cancelled by the investor at anytime with 3 months advanced written notice to the developer.

Payment Structure

Initial reservation fee of £2,000 (refundable for up to 7 days)
25% upon signing of Purchase Agreement, less initial reservation fee.
75% split over payments up until December 2008.

There is also a 65% mortgage available for a mximum of 25 years.

Management Company

The Banyan Curve Water Homes is managed by a renowned hotel operator, The Legend Group of Hotels & Resorts who has remarkable track record at home and abroad, which will only enhance the value and attractiveness of this project.

Service Charges

Monthly Maintenance fee + Monthly Sinking Fund

The monthly maintenance fee is (RM0.25 (roughly 3.68p) per sq. ft per month)
The sinking fund is 20% of the Monthly Maintenance Fee.

For example

For a 1,040 sq. ft type B villa the monthly maintenance charge is 0.25 x 1040, which amounts to RM260.00 (about £38.27)

The monthly sinking fund is 20 % of RM260.00, which amounts to RM52 (£7.64)
Making a total monthly charge of £45.92

Inclusions

All units come fully furnished to 5 star hotel standards.

All water chalet units come with their own private swimming pool and open air garden above the seas.

More reasons to invest at Banyan Curve Water homes

The supply of water homes in Malaysia is very limited with a very strong demand for this type of accommodation.

Excellent capital appreciation on the water homes project can be found in the Phase I of the completed water chalets project in which sale prices have gone up by an average of 40% to 60% since its launching in December 2003.

No Capital Gains Tax.

Property prices and rental rates are surging as completed real estate is becoming less available and this situation is predicted by ING Real Estate to last until at least 2013 as Malaysia’s professional workforce becomes the fastest growing in Asia.

The large expatriate population employed in Kuala Lumpur has pushed up demand for serviced apartments.

The attraction and appeal of the country means that it has a robust tourism sector that has spawned a secondary holiday home market, which further boosts the long-term strength of the property market and broadens the investment opportunities available to an investor.

The stability of the property market in Malaysia is based upon the stability of the country’s economy which is currently expanding at a sustainable rate and benefiting from closer export ties with China as well as strong levels of foreign direct investment from the US, China and Japan.