- Malaysians only
- First time home owners
- 18 years old and above
Taman Bayu Malawati
Taman Bayu Malawati is a 3.42-ha leasehold residential development located in Kuala Selangor. The project is accessible via the KL-Kuala Selangor Expressway (LATAR), the Guthrie Corridor Expressway and the Jalan Klang-Teluk Intan road. Kuala Selangor is expected to be even more accessible in future with the completion of the West Coast Expressway.
Notably, the project lies smack in Kuala Selangor’s ecotourism area which boasts a green and serene environment. Places of interest Kuala Selangor Nature Park.
Amenities nearby include the Kuala Selangor Mosque 1km away, a fire station 750m away, a police station, hypermarkets and schools. It is 16km to the Tanjung Karang Hospital and 11km to the Kg Kuantan Royal Golf Club. a commercial area less than three kilometres away from Bayu Malawati, along with bigger stores such as Tesco, Giant and Mydin.
The double-storey link homes in Taman Bayu Malawati have built-up sizes of almost 2,000 sq ft (1,946 sq ft) and priced from RM449,100. Each unit has four bedrooms and three bathrooms. The homes are expected to be ready by mid-2019.
“The architectural style is a unique mix of modern and contemporary design.
PKNS | Perbadanan Kemajuan Negeri Selangor
The Selangor State Development Corporation or PKNS, was established Aug 1, 1964, under the Selangor State Development Corporation Enactment (1964) as a statutory body and development agency for the state of Selangor.
it has been responsible for the development of new growth centres in the state, creating vibrant residential, industrial and commercial hubs throughout the decades.
PKNS' development projects cover low, medium and high-end housing, shops and commercial centres, including factories and industrial lots where some are developed through privatisation schemes. it has developed townships in Shah Alam, Petaling Jaya, Bangi, Ampang, Ulu Klang, Kelana Jaya, Bandar Sultan Sulaiman, Kota Damansara, Kota Puteri, Antara Gapi, Bernam Jaya and Selangor Cyber Valley in Cyberjaya.
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!