Property ID : 2169321
Buy POA - Condo
Located on Street 134 & 137, in Veal Vong, Makara 7. Comprising a 39-storey mixed development with 2 blocks of 29-storey residential towers, 6-storey car park, 3 storey commercial shop and 1 storey communal facilities, on a site area of 4,836 sqm, providing 792 units with completion scheduled for Q3 2018.
Unit composition:
1 Bedroom: 55 sqm (560 units)
2 Bedroom: 75 sqm – 79 sqm (224 units)
3 Bedroom (Penthouse): 130 sqm (6 units)
4 Bedroom (Penthouse): 215 sqm (2 units)
Recreational Facilities:
Swimming Pool, Gymnasium, Sky Terrace, Function Room, Reading Room, Outdoor Fitness, Landscape Deck, BBQ, Outdoor Dining, Wading Pool.
Car Parking:
578 spaces available for rent between $30.00-$35.00 pm
Fee & Tax:
Stamp Duty: 4% of property value payable upon Handover (Transfer fee for Hard Title)
Property Tax: 0.1% per annum (value determined by Immovable Property Assessment Committee)
Rental Tax: 10% per annum on gross rent (Residents), and 14% per annum for non-resident withholding tax.
VAT: 10% VAT on resale applicable only VAT registered companies
Payment Plan:
1. 100%
2. 50% – 20% – 30%
3. 70% – $30%
4. 30% – 20% – 20% – 30%
Guaranteed Rental Return
18% over 3 years
Only 20% of 1 & 2 bed units remaining with prices starting at $2,300 per sqm.