- Malaysians only
- First time home owners
- 18 years old and above
Danau Perintis, Shah Alam 2, Puncak Alam
Danau Perintis is the first high-rise residential development in Shah Alam 2, a township developed by IJM Land Bhd in Bandar Puncak Alam, Selangor. Danau Perintis comprises only 252 units of one size - 889 sq ft, spread across three blocks.
Priced from RM332,100, each of the leasehold three-bedroom and two-bathroom units comes with two parking bays. The project is expected to be ready by September next year.
Facilities include a swimming pool, a wading pool, a gym, multipurpose hall, laundrette, children daycare center and a badminton court.
Shah Alam 2 located 20 km northwest of Shah Alam, closer to Kuala Selangor and Klang. It is linked to several highways such as the New Klang Valley Expressway (NKVE), the Guthrie Corridor Expressway, and the Kuala Lumpur-Kuala Selangor Expressway (LATAR).
The 1,163-acre Shah Alam 2 lies just 1km to Tesco Puncak Alam and 5 km away from Universiti Teknologi Mara Puncak Alam thus offering potential student tenants to apartment owners. Schools SK Puncak Alam and SMK Puncak Alam are also closeby.
IJM Land Bhd
IJM Land Bhd is the property development arm of Bursa Malaysia-listed conglomerate IJM Corp Bhd. It is one of the most established property developers in Malaysia with a vast portfolio including townships, sustainable developments, iconic waterfront community, luxury homes, landed and high-rise residences, offices and commercial properties in prime areas of Penang, the Greater Kuala Lumpur, Seremban, Johor, Sabah and Sarawak. It has also extended its footprint to Vietnam, China and the United Kingdom. Its projects are worth an estimated gross development value in excess of RM30billion spread over an undeveloped landbank of 4,000 acres that span across key growth areas in Malaysia.
Among some of its projects include the Seremban 2 township in Negeri Sembilan and Bandar Rimbayu, Selangor, Bandar Sri Pinang in Penang, and Austin Duta, Johor. It is also the developer of an exclusive waterfront project known as The Light in Penang.
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!