Category: Developer (2)

DIBS_Logo

DIBS (Developer Interest Bearing Scheme) is a mean that the developer of the project will bear the interest charge by bank during the whole construction period, buyer no need to do any installment until the construction complete.

 

This is a very common marketing strategy that use by developer to market their new launch project nowadays. This is something good to the purchaser to have a better cash flow while the property you bought is still under construction.

 

Make it simpler
You purchase your property for RM 300,000.00. You pay Developer A a minimum of RM 15,000.00 (as down payment of 5%, sometimes this can be 10% or more depending on your loan) and you borrow from a bank for the remaining RM 285,000.00. You opt for interest only loan package from the bank (that means, you only pay the interests but not the principal of the loan during the construction period).

Under DIBS, Developer A will pay the monthly interests until completion of the property. In other words you don’t have to pay anything to the bank until construction completes. You only start paying the bank instalments after completion of the property. So, you only pay RM 15,000.00 and you can secure the property during the construction period (2 years for example) without paying a single cent.

Continue reading ..

Ken Rimba is a recent mixed development which is situated within the established vicinity of Shah alam. Similar developments within close proximity includes Acacia Subang, Setia Alam and Kota Kemuning. It is developed by Ken Rimba Sdn Bhd which is known for their award winning green developments.

The development comprises of freehold shop-offices, condominiums and double-storey terrace link houses. Once completed, Ken Rimba will consist of 2 phases of terrace link house known as Legian (328 units) and Jimbaran (168 units); 2 phases of condominiums with a total of 240 units in phase 1 and 679 units in phase 2. On the other hand there will be a total of 109 units shop-offices.

Houses within Ken Rimba typically comes between built-up sizes of 1,840 sf to 2,215 sf which has a total of 4 bedrooms and 3 bathrooms. There will be a total of 26 corner units that comes with their very own private pool. Shop-offices on the other hand have varying designs and layout – intermediate-lots have 1,800 sf built-up, followed by end-lots which have 2,100 sf and corner-lots with a total of 2,800 sf.

Continue reading ..