Axis Residence II

Anyone know how the launch of Axis II at DSO went today?
Great idea with projects such as this one to start construction and then launch.At least you know where you are if you buy.Also great payment plan.
5% at launch,then 5% 3 months later,then 1% every month for 90 months.
More or less what u would pay for the rent on a place.
However,at 1400/1500 sq ft,if thats right,then this is def a place for the end user and not for an investor.

 

Too expensive

1400 rate is too expensive. You can get a ready project lower than this rate with mortgage facility. Your rate PSF with even mortgage shall not exceed the rate being asked for Axis.

I am wondering how can they handover in Nov-08? Any idea.

 

Constrution has started and they are only delivering one of the buildings this year.The rest next year.

 

DSO is leasehold right?

 

Yes thats right