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ID: D-67,
Development for sale
Port Dickson , Malaysia
Prices from: £ 119 304
Completion date: Completed 2007
Property Description:
The Banyan Curve *New Release*
104% Guaranteed Rental Return
70% Off-plan finance available (Interest from 2.5% for year one)
Fully Furnished to five star Luxury
Each property has it's own Pool
The Banyan Curve is a stunning development of waterfront homes based in the Port Dickson area, close by to the Malaysian capital Kuala Lumpa.The resort is built on the front line, next to a beautiful swathe of white sandy beach. As can be seen from the photos, the finishing and furnishings are to a five star standard. However, not only do these properties offer beautiful living areas, they also have a 13 year rental guarantee of 8% per year, meaning that there is a guaranteed return of 104%!Each unit comes with its own private swimming pool & indoor garden with open air shower. The sophisticated Zen-like design creates an environment for renewal and relaxation.
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8% Guaranteed rental return for 13 years
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Ten days free use included with rental guarantee
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Fully furnished to a five star standard
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Front line Resort
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Private pool
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Low maintenance costs
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2 hours to 'Genting' theme Park
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25 minutes from Kuala Lumpur International Airport
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20 minutes from Sepang F1 Circuit
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65 minutes from Kuala Lumpur City
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Club house
All Water Homes units are elegantly furnished with granite, tumble stone, parliament stone, hardwood timbers and teakwood furniture all coupled with Balinese stone carvings & pottery. Impeccable design, superb finishes and exquisite fittings will enhance your life style in a way which is rarely experienced in a second home. The care and attention to the finest details help make The Banyan Curve the ideal water chalets for the astute and considered individual. Offering five star opulence with an eye for the comforts of home.
The design is full of Balinese character. All rooms are equipped with the highest quality fixtures with the finest finishes to match. Unlike other beachfront resorts, these homes have been designed to complement the local architecture and guide you closer to nature whilst enjoying gentle, uninterrupted sea breezes or witnessing the incoming tide or a stunning sunset and Langkawi Lag.
Annual Rental Return is guaranteed at 8.00% per annum gross for 13 years, which amounts to 104% of the total purchase price! Therefore, if the purchase price of the property is £89,950*, then the rental return per month will be roughly £600 per month.
To receive this guaranteed return you lease your property back to the developer, yet even though you lease it back you still get up to 10 days free use of the property out of peak season and if you wish to use a property within the resort out of this time, you can do so at a reduction of 50% of the usual price!
After the first 13 years, the guaranteed return can be extended for a further ten years at a rate agreed by mutual negotiation between the resort operator and the owner.
Mortgage Finance
A 60% mortgage is available through the developer. The mortgage rate is currently 6.75% but in year one this is reduced down to only 2.5%, with the rate being only 5.75% for the subsequent two years.
The stage payments can be made through this facility, meaning that clients only ever have to pay 30% of the total purchase prices (plus taxes) and the stage payment borrowing is on an interest only basis.
Annual & Monthly Outgoings
There are three monthly outgoings per year
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Service charge
» 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 only 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
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Land Tax (known as quit rent)
» Approx. RM50.00 per annum
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Council Tax
» Approx. RM500 to RM700 per annum
Therefore the total cost per month for a Type B villa is between RM358 to RM375 (£51.88 to £54.25), whereas the guaranteed rental return is roughly £600, meaning that you will make approximately £550 profit per month.
Taxes
Capital gains tax in Malaysia starts at 30% in the first year but drops to just 5% in year 6 for companies and nothing for individuals!
- Disposal within 2 years 30%
- Disposal in the 3rd year 20%
- Disposal in the 4th year 15%
- Disposal in the 5th year 5%
- Disposal in the 6th year and thereafter - company * 5%
- Disposal in the 6th year and thereafter - individual * nil
Purchase Taxes
- There are four payments to be made on purchase
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Sale & Purchase Agreement
Deed of Agreement (rental guarantee)
FIC approval
State government level
Total
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Legal Fees
RM3,500
RM00
RM1,000
RM1,000
RM00
RM7,400 or approx £1072
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Disbursement
RM350
RM200
RM200
RM200
RM900
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Main Building Main Structure : reinforced concrete framework. Roof : concrete roof tiles. Wall : brick wall / pre-cast wall Ceiling : plaster ceiling / asbestos free ceiling board. Windows : wooden / aluminium frame window with glass Doors Entrance : timber door Bedroom / bath : timber door Bedroom / outdoor area : double layers sliding doors Toilet : timber / aluminium glass door Shower : timber / aluminium glass door Pool area : bi-folding doors Walls and wall finishes Bedroom : wall paper Kitchen : marble in selected kitchen area Bath : marble at certain part of the walls Toilet : marble at lower part of the wall Shower : marble Outdoor area & garden Wall : sand stone Shower area : tumble stone Wall skirting area : concrete / stone skirting Garden area : parliament sand stone Flooring Bedroom : timber strip Kitchen : tumble stone / timber strip Bath / toilet / shower : tumble stone Outdoor area & garden : tumble stone , stepping stone & grasses Pool & surrounding Plunge pool Pool ( inside ) : covered with tiles Pool surrounding : covered with tumble stone Decorative item (on the wall) : Bali’s stone carving
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Furnishings Entrance 1 Door bell / ring 2 Peep hole 3 Balinese stone carving with pot
Wardrobe / luggage 4 Wardrobe 5 Drawers attached onto the wardrobe 6 Cloth hangers x 6 7 Deposit safe 8 Luggage table with granite vanity top Living Room 9 tv table with granite vanity top 10 26 in. plasma / LCD TV set 11 study table with granite vanity top 12 study chair 13 study table lamp x 14 waste paper basket 15 ash tray 16 sofa set 17 coffee table 18 standing stone lamp with light 19 artificial plant 20 floor rug / carpet 21 wooden skirting 22 border running alongside ceiling 23 vertical blinds 24 pelmet recess 25 cushion x 4 26 air-conditioning system 27 transparent glass panel at floor area Bedroom 28 mattress x 2 29 divan x 2 30 bed sheet x 2 31 bed-skirting x 2 32 cushion x 8 33 ottoman 34 blanket x 2 35 pillow x 8 36 pillow cover x 8 37 bed runner x 2 38 decorative structure at headboard 39 bedside stone table with light x 2 40 bedside table lamp 41 console stone table with light
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Other Features : Telephone line TV point / satellite TV point Door bell Air-conditioning system Hot & cold water system Pool Solid glass panel at bedroom Concrete architrave with shanghai plaster ( outside double sliding doors area ) Concrete architrave with shanghai plaster Concrete / stone border running alongside upper wall Transparent glass panel at shower area Transparent glass panel between bed area and bath / kitchen area Lighting points Bedroom - 5 Kitchen - 3 Bath - 6 Toilet - 2 Shower - 1 Pool - 1 Outdoor & Garden - 5 Power points Bedroom - 4 Kitchen - 1 Bath - 2 Outdoor area - 2
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Kitchen 42 kitchen cabinet 43 cabinet with granite vanity top 44 sink bowl with tap fitting 45 ledge top with granite cover 46 dining chair x 2 47 mini bar 48 kettle 49 cutlery set : tea cup x 4,plate x 4 tea spoon x 4,glass x 4 50 border running alongside ceiling √ 51 wooden skirting Bathroom 52 water heater 53 basin table with granite vanity top 54 basin bowl 55 towel ring 56 hair dryer 57 shaver point 58 waste paper basket 59 decorative ledge with granite vanity top 60 wall recess with light & granite panel 61 border running alongside ceiling 62 wooden skirting 63 mirror
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Санитарни принадлежности Навън- ниша- поставка за сапун Навън- смесител за душ и кран Пръстени за хавлии WC Поставка за тоалетна хартия Смесител за душ и кран Смесител за мивка и кран Кухненска мивка и кранове |
Toilet / WC 64 toilet holder 65 ledge top 66 wooden border ( attached onto the wall ) Shower room 67 shower rose & tap fitting 68 ledge top 69 bidet sitting 70 vertical blind at glass panel area Open garden 71 Shower rose & tap fitting 72 recess soap holder 73 stepping stone 74 landscape garden with plants 75 Balinese stone carving with plot x 2 Other items 76 Balinese pottery x 20 77 small towel x 6 78 bath towel x 8 79 bath floor rug x 1 80 wall picture x 8
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*Sterling figures are converted at RM6.90 = UK£ 1.00 and are subject to exchange rate fluctuations
We do believe that the strategy of the perfectly designed interior incorporates professional approach and profound knowledge of the contemporary interior standards.
The appropriate furniture means not only style and comfort, but also a steady investment - it may be a great advantage if you are planning a long or short-term letting of your property - the elegant interior will make it preferable and will help you receive higher rental income and obtain repeat business.
At your convenience, BG Decor http://www.bgdecor.com/ provides exclusive furnishing packages, completed up to the highest standards and approved by all major tour operators for rental purposes.
- Exclusive lettings furnishing packages
- High quality furniture items
- An elegant design line and color solutions
- A wide selection of finishes and accessories available
The popularity of water chalet living is conclusively proven by the high rental rates achieved by the current water chalets operating in Malaysia, such as The Avillion Resort in Port Dickson; Pangkor Laut in Pangkor and Langkawi Lagoon in Langkawi.
All these water chalets achieve far higher per night rates than even the top 5 star hotels in Kuala Lumpur. The Legend Group of Hotel & Resorts, one of Malaysia’s most experienced resort and hotel operators, has been appointed to manage The Banyan Curve thus ensuring that sound management will enhance the overall value of the project.
Resort Operator
The Banyan Curve Water Chalets will be managed and operated by The Legend Group of Hotels and Resorts, best known for the highly respected Legend Hotel in Kuala Lumpur, the Grand Seasons Hotel in Kuala Lumpur and the renowned Legend Resort at Cherating Beach on Malaysia’s east coast. The investment opportunity offered by this five star resort is one of the finest opportunities we have ever seen.
Not only is there in effect a 104% guaranteed rental return but you still get to use the property for 10 days a year and retain your full ownership and there is no need to pay for expensive furnishings, it is all included.
The popularity of water chalet living is conclusively proven by the high rental rates achieved by the current water chalets operating in Malaysia, such as The Avillion Resort in Port Dickson; Pangkor Laut in Pangkor and Langkawi Lagoon in Langkawi.
Guaranteed Rental
Annual Rental Return is guaranteed at 8.00% per annum gross for 13 years, which amounts to 104% of the total purchase price!
Therefore, if the purchase price of the property is £89,950*, then the rental return per month will be roughly £600 per month.
To receive this guaranteed return you lease your property back to the developer, yet even though you lease it back you still get up to 10 days free use of the property out of peak season and if you wish to use a property within the resort out of this time, you can do so at a reduction of 50% of the usual price!
After the first 13 years, the guaranteed return can be extended for a further ten years at a rate agreed by mutual negotiation between the resort operator and the owner.
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Restaurant
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Lobby lounge
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Business Centre
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Conference Rooms
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Banquet Hall
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Convenience Store
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Mailroom
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Reception Area
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Housekeeping
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Rest Rooms