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Matex Residence

Newbie11

Alfrescian
Loyal
Actually matex has been listed on NSG site for a long time. The condo name is not confirmed yet - "Matex Residency" is just a reference. Hope they dont stick to that - sounds a bit weird ("Residency")

Their site has been down for some time. They just relaunch this..
 

shctaw

Alfrescian (Inf)
Asset
NSG has a seminar at Amara today and tomorrow to sell this non-existent project.

Saturday Straits Time Section B page 8.
 

OracleMasia

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Loyal
NSG has a seminar at Amara today and tomorrow to sell this non-existent project.

Saturday Straits Time Section B page 8.
If you ask Umland in Malaysia directly, they will not tell you much. This is because they had not gotten the sales permit , so they can't sell and promote in or from Malaysia. To ride the superbull prices now, they had starting selling Matex using third party agent. Even NS Global Malaysia did not sell in Malaysia due to that.
 

shctaw

Alfrescian (Inf)
Asset
If you ask Umland in Malaysia directly, they will not tell you much. This is because they had not gotten the sales permit , so they can't sell and promote in or from Malaysia. To ride the superbull prices now, they had starting selling Matex using third party agent. Even NS Global Malaysia did not sell in Malaysia due to that.

Singaporeans already very kiasi in JB property.... with all this uncertainty they will prefer to wait till official launch when the price is 20% higher.
 

OracleMasia

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NSG has a seminar at Amara today and tomorrow to sell this non-existent project.

Saturday Straits Time Section B page 8.
Anyone attended the past Seminar by Norman SIa for this Matex project? Is there any additional/interesting info that he shares about the project ? I know for some projects they sell in the past, they tries to sell with a possibility of leaseback agreement with certain hotel operator e.g Suasana Bukit Ceylon, however it did not materialize in the end.
 

OracleMasia

Alfrescian
Loyal
Oh good price you must have gotten! I am not familiar, and yes i was told by NS Global OCBC is better. i think it depends on the prevailing package offered by the 2 banks. Some banks that have ties with specific projects have different package. Best is to get the "RFQ" from all the panel banks - take your time to shop around and drag for as long as possible till you have seen all the banks' cards on the table
Quite obvious the OCBC package is better with slightly lower rates.. But first three years no differences since it is DIBS. The next 2 year lock-in after TOP will have a difference. One thing to note, I advise not to take the MRTA from the bank, not worth. Take term life insurance in Spore e.g NTUC, Aviva better if needed.
 

graveyard

Alfrescian
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NSG has a seminar at Amara today and tomorrow to sell this non-existent project.

Saturday Straits Time Section B page 8.

Thanks prof. Certainly they will finalize everything (condo name, facilities, leaseback possibility etc) before we are invited to sign S&P?
 

shctaw

Alfrescian (Inf)
Asset
Thanks prof. Certainly they will finalize everything (condo name, facilities, leaseback possibility etc) before we are invited to sign S&P?

If whole project took more than 6 months to launch; can we get back booking fees while still buy the unit?
 

OracleMasia

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Loyal
If whole project took more than 6 months to launch; can we get back booking fees while still buy the unit?
The agreemt say you can get back the booking fees if not launch within 6 mths. If > 6m mths, still want to buy, they will come with someting to earn your fees again.
 
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