- Malaysians only
- First time home owners
- 18 years old and above
Meridin Bayvue, Taman Sierra Perdana, Johor
Meridin Bayvue is a seafront mixed development in Johor that features freehold serviced apartments and retail lots.
It is located in Taman Sierra Perdana’s commercial area fronting the Coastal Highway from Pasir Gudang to Johor Bahru City Centre.
Developed by Mah Sing Group Bhd, the project is expected to be completed in the second quarter of 2019. The developer is constructing a direct access from its Meridian Bayvue to the Johor Baru East Coast Highway. The direct access route is expected to shorten travel time to 11 minutes, with a travel distance of 12km.
Offering scenic sea views overlooking the Johor Causeway and Singapore Bay, the serviced apartments at Meridin Bayvue have built-ups from 980 sq ft and priced from RM364, 650. Each three-bedroom and two-bathroom units comes partially furnished and one car park bay.
Residents get to enjoy facilities such as a swimming pool, wading pool, children's playground, gym, multipurpose hall, outdoor gym and others. The retail podium will also offer lifestyle conveniences for residents.
The serviced apartments are suitable for young executives, small families, and those looking to upgrade to a lifestyle abode at below RM400,000.
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!