The Greenway | Meridin East 1G

Jalan Lili 1/8 | Freehold
Eligibility
  • Malaysians only
  • First time home owners
  • 18 years old and above
Investment Case

The Greenway (Meridin East 1G)

 

The Greenway 2-storey freehold linked homes are located in Meridin East at Johor.

 

The land areas of the homes are from 1,170 sq ft onwards, while their built-up areas are from1,595 sq ft. Each home features either 4 bedrooms and 3 bathrooms or 4+1 bedrooms and 3 bathrooms. Each home boasts a private balcony and quality tile flooring. Prices of these homes start from RM390,800.

 

This gated precinct features only one entry and exit point. Other amenities residents of this neighbourhood can enjoy include a private park, landscaped areas and  50ft-wide access roads.

 

The 1,313-acre Meridin East township in Pasir Gudang, Johor, an area considered the Eastern Gateway of Iskandar Malaysia. The gated lake garden township boasts several parks and gardens to promote relaxation, leisure and health. The star of the township is the Mulberry Lake, around which winds a 2.5km jogging path.

 

It is accessible via several modern highways, granting easy access to the Senai International Airport and major hospitals, as well as facilities in nearby Desaru.

 

while a future direct-access road from the Tanjung Langsat-Cahaya Baru Toll Connecting Highway in Johor (part of the Senai Desaru Expressway) will save residents time when they travel to Pasir Gudang and Tanjung Langsat.

Developer Profile

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.

Floorplan

Location
Jalan Lili 1/8, Bistari Perdana, 81700, Johor, Malaysia
Financials
See what to expect after you have bought your first home.
Property Price
RM
RM 200,000

RM 5,000,000

Annual Home Value Appreciation Rate
%
-10%

10%

To own a home, you pay
Plus other purchasing costs, ie. legal fee, stamp duty, etc - approximately 4% of property price.

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!

*You will get back your if the property does not depreciate in value at the end of 5 years.
In Year 5

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.

The Bottom Line

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!

*This is a simplified calculator designed to demonstrate what home buyers on FundMyHome will pay and their potential equity at the end of Year 5. Results displayed by the calculator are not intended to reflect accuracy of investment and users are advised to refer to the Terms & Conditions before buying.