- Malaysians only
- First time home owners
- 18 years old and above
Sierra Perdana is a freehold 220-acre township strategically located along the Johor Bahru East Coast Highway. The established township is home to several eateries and is close to amenities such as the Regency Specialist Hospital and Tesco Extra Seri Alam. Sierra Perdana also enjoys access to the Pasir Gudang Highway and is a mere 24km away via the highway.
Some of the properties available within the township include 1-, 1.5-, and 2-storey cluster and terraced houses. The 1-storey terraced houses have built-ups of 1,058 sq ft and a land area of 2,100 sq ft and offer 2 bathrooms and 3 bedrooms. This home in question is a bumiputra lot and is priced at RM360,000.
Meanwhile, the 1.5-storey terraced houses have built-ups of 1,229 sq ft while the land area is from 2,688 sq ft. These homes also come with 2 bathrooms and 3 bedrooms. Prices start from RM542,000. The 2-storey terraced houses have built-ups from 1,597 sq ft and land areas from 2,030 sq ft. The homes come with 3 bathrooms and 4 bedrooms. Last but not least are the 2-storey cluster homes, which have built-ups from 1,800 sq ft and land areas from 2,030 sq ft. These houses have 4 bedrooms and 4 bathrooms and are priced from RM524,000
Mah Sing Group Bhd
Mah Sing Group Bhd was listed on the Main Market of Bursa Malaysia in 1992 and ventured into property development in 1994. The Group currently has 47 projects (32 ongoings) spread across prime locations in Greater KL and Klang Valley, Penang, Johor and Sabah. The Group has proven its versatility with a diverse range of projects, including master-planned townships, integrated developments, landed and high-rise residential projects, Grade A office buildings, retail projects, SoHo and industrial developments.
FundMyHome will source the remaining through institutional investors. Once funding is completed, you will move into the home without further financial obligations and stay for free for 5 years* or rent it out to earn rental yields!
Before Year 5 is due, you will need to decide if you want to sell the house (and earn potential profits), or continue to stay in the home by buying over or refinancing the home. The value of your home in 5 years will be , and you will need to pay if you choose to refinance and stay on.
If you want to sell the home, the property will be put on the market and sold at its valuation price. Proceeds from the sale will be distributed among investors and buyers. Based on the appreciation of 5%, you could potentially make in capital gains or losses.
Looking at your investment costs, you would have made Capital Gains and in Opportunity Gains, which comes from savings in rental (based on 4.5% rental yields). You will also not have to worry about paying interests from a home loan.
Ultimately, you could be making in total gross gains, representing a return of investment of over 5 years. We see this as a win-win solution to your home buying woes!