8% ROI for 13 YEARS

Discussion in 'Other Regions in Asia' started by EasySpain, May 3, 2007.

  1. EasySpain

    EasySpain New Member

    I have a development In Malaysia thats is offering the above, all it takes is 62,000GBP to purcahse this 2 bed property built on STILTS over the sea........

    They look absolutley amazing....

    You can also get half of the costs via a mortgage so its really only going to need 31,000 GBP (plus closing costs) to take advantage of this excellent investment.

    If you would like more information please email me

    [email protected]
  2. andyk2

    andyk2 New Member

    R U sure?

    Hi easy, welcome to the agent talking to agent forum. If you really have 2 bed apartments in Malaysia with 8% guaranteed income, then please PM me with the details. If you have Banyan Curve, the 60 m2 chalets went up in price by 17% on Tuesday and start at £75.912 - everybody on this forum has them. If you speak to the right people, you can get 80% LTV on completion
  3. DC

    DC Member

    Hi Andy, Hi Darren

    Andy, I got a price list from Yap, a day or so ago, there were units still at 62k sterling. So the information was correct.

    Second the 80% LTV on completion whom is that with.
  4. andyk2

    andyk2 New Member

    So it is B Curve!!

    Prices went up around 17% on Tuesday. You still get 8% on the new prices and the service charges haven´t gone up. Couple of banks in KL will do 70% for sure, but the developers bank will probably go higher - details on the projects due diligance - which no doubt you have! Easier to speak to a couple of international brokers in the UK. Irrespectively, you still have to go with the developers payment terms or negotiate a different payment structure and they are still going to want at least 40% up front. Then re-mortgage on completion.
  5. EasySpain

    EasySpain New Member

    Well it seems i am a little bit behind on this one, but give me a month and I will be in front, Thanks for the welcome.
    I am still selling well in Spain (45% closer rate) and am now looking to further into the immerging markets.
    And advice etc is gratefully accepted.

  6. Robert Gavin

    Robert Gavin New Member

    HI Banyan curve is a greta looking develpoment but that is a huge deposit you have to put down.

    Also rental yield of 8% versus a repayment mortgage of 7.5% menas that this investment is cash negative.

    I have lived in Malaysia for 2 years and you cna buy a luxury condo in KL for less than that.

    IMHO great lifestyle property, but as an investment, I don't think it' veyr good.
  7. DC

    DC Member

    Hi Robert, the figures on mortgages we are given are below 7.5%.

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