MICLEBINA Properties is making it easier for homebuyers with financial constraints to own a home.
As most homebuyers often have trouble getting the down payment needed to purchase a house, the developer of the Manhattan Condominium in Pengkalan, Ipoh, is offering a 20-year instalment plan.
Dubbed the Wawasan 2020 promotion, Manhattan Condominium buyers are eligible for the special scheme as long as they can secure an 80% housing loan.
“If buyers get an 80% bank loan for the house, they can apply for the instalment scheme instead of paying the 20% down payment in a lump sum.
“They can pay back the down payment over 20 years to the developer without any interest charged,” said Miclebina Properties sales and marketing manager Ken Yap.
Manhattan Condominium is a mixed- development consisting of a business centre, condominiums, semi-detached houses and a hotel.
Located on the prime stretch of Jalan Pasir Puteh, the condominiums come with its own water park-cum-wading pool.
The freehold development is a fully integrated project comprising 436 units across four blocks, with Block C and D already having its certification of completion and compliance (CCC).
Block A and B are expected to be fully completed by next year.
Besides a water theme park, the project also comes with a children’s playground, swimming pool, jacuzzi, sports complex, clubhouse and outdoor facilities such as barbecue pits, golf putting green, reflexology path and yoga sundeck.
The water theme park for children and indoor golf simulator are worth a mention, as these facilities within a residential set-up is the first of its kind in the country.
Each block consists of nine levels and prices range from RM219,000 to RM999,990. There are seven unit sizes, from the standard unit to penthouses ranging from 794sq ft to 2,805sq ft.
The layout ranges from two bedrooms to four plus two bedrooms, and between two and five bathrooms.
The project offers seven-tier security encompassing key card access at the entrance (guardhouse), perimeter fencing, 24-hour patrol, CCTV surveillance, and card access to each block, floor and unit.
There are over 150 CCTV cameras surrounding Block C and D, with more anticipated following the completion of the other two blocks.
There are also plans to improve the amenities by broadening roads and access points as an added convenience for residents.
In addition, all infrastructure including high speed broadband cables have been fitted for the project.
Yap noted that Phase 2 of the project, consisting of Block A and B, will be a boon for investment buyers, as selected units with three or four rooms come with rental guarantee of two years.
“The rental scheme is fixed at RM1,800 for three-room units and RM2,000 for four-room units,” he said.
“We are also offering a new scheme for investment buyers for our two-storey shop office units, where they can own a shop lot with zero risk under the Rent-to-Own scheme.
“By only paying a RM4,000 deposit, they will be renting the unit for RM2,000 a month for two years.
“After that, they can decide whether to continue renting or purchase the unit. If they choose to purchase it, the total rental of RM48,000 paid before this will become part of the down payment,” he said, adding that the scheme would also benefit entrepreneurs, who would not need to spend much for their bricks and mortar.
Yap noted that the built-up area of the shop lots are all 20’x80’ with freehold title.
“By taking up the Rent-to-Own scheme, buyers are able to lock in the shop lot unit price at the current market price of RM650,000 even if they decide to buy it after two years,” he added.
Yap also said the bumiputra reserve units for Block C and D are for sale. For details, call 05-226 1128, 019-463 1293 or 019-475 2318, or visit www.miclebina.com.my.