- Malaysians only
- First time home owners
- 18 years old and above
Almyra Residence is a newly-completed serviced apartment project located in IOI Properties Group’s Bandar Puteri Bangi township in Bangi, Selangor.
It comprises 669 freehold units spread over four blocks of 25 to 30-storeys tall. Unit built-up sizes are from 969 sq ft to 1,219 sq ft. Prices start from RM434,800. Each unit comes with two car park bays.
Located on a five-acre site, the project offers full condominium facilities such as a swimming pool, gym, wading pool, multi-purpose hall, multi-purpose court, cabana, BBQ area, children’s playground and a spa pool.
Those looking for starter homes with condominium facilities within a master-planned township in this Southern part of the Klang Valley may find Almyra Residence attractive.
The 360-acre Bandar Puteri Bangi is rapidly developing as a self-sustaining township. Its development components comprise a commercial hub made up of shop offices, integrated retail lifestyle development and a hypermarket and a residential component of both landed and non-landed homes while about 20% of the township will be for public amenities, landscaped parks and public spaces such as tree-lined boulevards, themed streets, a Palm Tree Forest surrounding a wetland and a 7.5-km bicycle and jogging track.
The township is accessible from the North-South Highway via the Putera Mahkota Interchange and links to Lekas Highway (8km), Elite Highway (6km) and other highways. The Bangi KTM Komuter station is 4.5km away.
Amenities nearby include hospitals, schools, universities, Kuala Lumpur International Airport 1 and 2, IOI City Mall, Bangi Wonderland Themepark & Resort, Bangi Avenue, Bangi Gateway and An-Nur Hospital.
IOI Properties Group Bhd
IOI Properties Group Bhd is one of the largest public-listed property company in Malaysia. Its principal activities are property development, property investment, leisure and hospitality. Over the span of three decades, the property arm of IOI Group, it has successfully developed townships and commercial enclaves in the Klang Valley such as IOI Resort City, Bandar Puteri Puchong, 16 Sierra and Bandar Puteri Bangi. It also has a strong presence in both the northern (Penang) and southern regions (Johor) of Peninsular Malaysia as well as in Singapore and China. The Group has a total development landbank of about 10,000 acres in Malaysia and abroad.
Under its investment property business, IOI Properties manages a total of 6.7 million sq ft of net lettable space, comprising mainly retail and office spaces. Among its principal investment properties is IOI City Mall (in IOI Resort City, Putrajaya), IOI Malls (in Puchong, Selangor and Kulai, Johor Bahru), One and Two IOI Square (in IOI Resort City, Putrajaya), Puchong Financial Corporate Centre and IOI Boulevard in Puchong, Selangor.
On the leisure and hospitality front, the Group owns five hotels offering a total of more than 1,800 keys namely Putrajaya Marriott Hotel, Palm Garden Hotel, Four Points by Sheraton Puchong, Le Meridien Putrajaya and JW Marriott Hotel Singapore South Beach. The Group’s golf courses include Palm Garden Golf Club in IOI Resort City and Palm Villa Golf and Country Resort in Bandar Putra Kulai in Johor.
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!