Platinum Victory Phase 3 / PV13
Jln Genting Klang
Jln Genting Klang
Photos taken on 18 June 2011Both blocks are painted. Looks like going to be ready very soon. Looks nice
Showing posts with label property. Show all posts
Showing posts with label property. Show all posts
Sunday, June 19, 2011
platinum victory PV13
Photos taken on 18 June 2011Both blocks are painted. Looks like going to be ready very soon. Looks nice
Thursday, May 12, 2011
Monday, January 17, 2011
property glossary
Acceptance Letter
A letter from the applicant indicating his willingness to accept the loan after the loan is approved by the banking institution.
Appreciation
An increase in the value of a property due to changes in market conditions, or for other reasons. The opposite of depreciation.
Balloon (payment) mortgage
Usually a short-term fixed-rate loan which involves small payments for a certain period of time, and one large payment for the remaining amount of the principal at a time specified in the contract.
Base Lending Rate (BLR)
A minimum interest rate calculated by financial institutions based on a formula which takes into account the institutions’ cost of funds and other administrative costs.
Breach
A violation of any legal obligation.
Certificate of Statutory Completion (CSC)
The Commissioner of Building Control will issue the Certificate of Statutory Completion to a building project when it is completed. The building can only be occupied when a Certificate of Statutory Completion (CSC) or Temporary Occupatancy Permit(TOP) is granted. The requirements for a CSC is more rigorous than a TOP and is compulsory, unlike a TOP.
Commitment Fee
A fee charged by the financial institution for setting aside funding that are not utilised by
the borrower. Usually only applicable to overdraft facility.
Conveyancing
Legal work involved in buying and selling a house.
Default
Failure to pay the monthly instalment/interest payments to financial institutions when due.
Disbursement Fees
Various type of fees such as registration of charge fee, land search fee, bankruptcy search
fee incurred by financial institutions and solicitors attending to the loan documentation
in relation to the loan which are payable by the borrower.
Endowment Mortgage
Type of mortgage where monthly payments are made into a endowment (life assurance) policy. The loan is paid off in one lump sum at the end of the loan period.
Fixed-Rated Mortgage
A mortgage on which the interest rate is set for the term of the loan, regardless of future interest rate fluctuations. This makes payments precisely predictable, but it is not always the cheapest alternative.
Flat Rate
A term used to describe interest that is charged as a fixed percentage of the loan amount
throughout the tenure of the loan. The flat repayment amount is usually determined before the commencement of the repayment programme. For example, interest charged on a RM10,000 loan at a flat rate of 10% per annum is RM1,000 annually until the loan is fully settled.
Floating Rate Loan
A term used to describe a loan, where the interest charged fluctuates due to the rise and fall of a certain indicator such as the Base Lending Rate.
Freehold
Absolute ownership of property and land.
Graduated Payment
A scheme that allows the borrower the flexibility to pay a lower installment sum at the beginning of the loan tenure before progressing onto a higher installment sum as the borrower’s purchasing power improves.
Gross Monthly Household Income
The sum of gross monthly pay of all working family members before deducting income tax, Sosco, EPF, loan installment or other deductions plus any additional income from overtime, commissions and other sources.
Lease
Document in which the owner of a freehold property lets out their premises to a named party at a certain price and for a specified time.
Leasehold
The ownership of a lease.
Loan Tenure
Number of years taken to fully repay the loan principal and interest as agreed under a specific repayment programme.
Margin of Financing
The loan amount granted by the financial institution, expressed as a percentage of the value of property pledged to secure the loan.
Maturity
The date on which the principal balance of a loan is due and payable
Mortgage
A long term loan to fund the buying of a property.
Mortgage Term
Period over which mortgage is to be repaid.
Mortgage Over Finance (MOF)
A percentage figure indicating the size of the housing loan on a property in relation to its value. Thus, a house worth RM500 000 with a mortgage of RM400 000 would have a MOF of 80%. Most banks and financial institutions have better housing loan deals for MOF 80% and below. The maximum MOF that lenders can legally go to in Malaysia is 90%- 100%.
Mortgage Reducing Term Assurance (MRTA)
A term insurance which reduces over the tenure of the loan. This form of insurance is used to provide cover for the outstanding loan amount, in the event of death or total permanent disability of the insured. MRTA is normally calculated to meet the outstanding loan amount.
Sale and Purchase Agreement
A written contract signed between the buyer and seller stating amongst others, the terms and conditions under which a property will be sold.
Stamp Duty
A government tax.
Term Loan
A loan which is repaid through regular periodic payments, usually over a period of time, for example 10 years.
Title
A legal document establishing the right of ownership on a property.
A letter from the applicant indicating his willingness to accept the loan after the loan is approved by the banking institution.
Appreciation
An increase in the value of a property due to changes in market conditions, or for other reasons. The opposite of depreciation.
Balloon (payment) mortgage
Usually a short-term fixed-rate loan which involves small payments for a certain period of time, and one large payment for the remaining amount of the principal at a time specified in the contract.
Base Lending Rate (BLR)
A minimum interest rate calculated by financial institutions based on a formula which takes into account the institutions’ cost of funds and other administrative costs.
Breach
A violation of any legal obligation.
Certificate of Statutory Completion (CSC)
The Commissioner of Building Control will issue the Certificate of Statutory Completion to a building project when it is completed. The building can only be occupied when a Certificate of Statutory Completion (CSC) or Temporary Occupatancy Permit(TOP) is granted. The requirements for a CSC is more rigorous than a TOP and is compulsory, unlike a TOP.
Commitment Fee
A fee charged by the financial institution for setting aside funding that are not utilised by
the borrower. Usually only applicable to overdraft facility.
Conveyancing
Legal work involved in buying and selling a house.
Default
Failure to pay the monthly instalment/interest payments to financial institutions when due.
Disbursement Fees
Various type of fees such as registration of charge fee, land search fee, bankruptcy search
fee incurred by financial institutions and solicitors attending to the loan documentation
in relation to the loan which are payable by the borrower.
Endowment Mortgage
Type of mortgage where monthly payments are made into a endowment (life assurance) policy. The loan is paid off in one lump sum at the end of the loan period.
Fixed-Rated Mortgage
A mortgage on which the interest rate is set for the term of the loan, regardless of future interest rate fluctuations. This makes payments precisely predictable, but it is not always the cheapest alternative.
Flat Rate
A term used to describe interest that is charged as a fixed percentage of the loan amount
throughout the tenure of the loan. The flat repayment amount is usually determined before the commencement of the repayment programme. For example, interest charged on a RM10,000 loan at a flat rate of 10% per annum is RM1,000 annually until the loan is fully settled.
Floating Rate Loan
A term used to describe a loan, where the interest charged fluctuates due to the rise and fall of a certain indicator such as the Base Lending Rate.
Freehold
Absolute ownership of property and land.
Graduated Payment
A scheme that allows the borrower the flexibility to pay a lower installment sum at the beginning of the loan tenure before progressing onto a higher installment sum as the borrower’s purchasing power improves.
Gross Monthly Household Income
The sum of gross monthly pay of all working family members before deducting income tax, Sosco, EPF, loan installment or other deductions plus any additional income from overtime, commissions and other sources.
Lease
Document in which the owner of a freehold property lets out their premises to a named party at a certain price and for a specified time.
Leasehold
The ownership of a lease.
Loan Tenure
Number of years taken to fully repay the loan principal and interest as agreed under a specific repayment programme.
Margin of Financing
The loan amount granted by the financial institution, expressed as a percentage of the value of property pledged to secure the loan.
Maturity
The date on which the principal balance of a loan is due and payable
Mortgage
A long term loan to fund the buying of a property.
Mortgage Term
Period over which mortgage is to be repaid.
Mortgage Over Finance (MOF)
A percentage figure indicating the size of the housing loan on a property in relation to its value. Thus, a house worth RM500 000 with a mortgage of RM400 000 would have a MOF of 80%. Most banks and financial institutions have better housing loan deals for MOF 80% and below. The maximum MOF that lenders can legally go to in Malaysia is 90%- 100%.
Mortgage Reducing Term Assurance (MRTA)
A term insurance which reduces over the tenure of the loan. This form of insurance is used to provide cover for the outstanding loan amount, in the event of death or total permanent disability of the insured. MRTA is normally calculated to meet the outstanding loan amount.
Sale and Purchase Agreement
A written contract signed between the buyer and seller stating amongst others, the terms and conditions under which a property will be sold.
Stamp Duty
A government tax.
Term Loan
A loan which is repaid through regular periodic payments, usually over a period of time, for example 10 years.
Title
A legal document establishing the right of ownership on a property.
Wednesday, January 12, 2011
platinum victory - jln genting klang
latest update for platinum victory condo, not sure it's phase 3 or phase 4 &5.. but it looks like gonna be completed soon..
Sunday, November 21, 2010
ZetaPark
Just realized ZetaPark is along jln genting klang, setapak. It's also just beside the Platinum Walk. The Zen Suites at ZetaPark is just launched this month. The Zen Suites will be above the Festival City Mall where Parkson will be opened.
The Zen Suites is an idea of style.. It features 288 units and the layout sizes range from 515sq ft, 618, 677, 769 to 963 sq ft.
Festival City Mall under construction
View from along jln genting klang
PV 12 can be seen nearby
Festival City Mall
Zen Suites will be above the mall
Platinum Victory phase 4 & 5 can be seen
Setapak gonna be very dense in the future
Platinum Walk
construction of Festival City Mall / the coming-soon Zen Suites, view from Platinum Walk
ZetaPark Development office is the last shop at the end of this row of shops
Just beside their Zen suites/festival city mall's building
Platinum Walk
ZetaPark office located at 32-0 Block G Platinum Walk, 2 Jln Langkawi setapak
For more info of ZetaPark, visit:
The Zen Suites is an idea of style.. It features 288 units and the layout sizes range from 515sq ft, 618, 677, 769 to 963 sq ft.
Festival City Mall under constructionView from along jln genting klang
PV 12 can be seen nearby
Festival City MallZen Suites will be above the mall
Platinum Victory phase 4 & 5 can be seen Setapak gonna be very dense in the future
Platinum Walk
construction of Festival City Mall / the coming-soon Zen Suites, view from Platinum Walk
ZetaPark Development office is the last shop at the end of this row of shopsJust beside their Zen suites/festival city mall's building
Platinum Walk
ZetaPark office located at 32-0 Block G Platinum Walk, 2 Jln Langkawi setapak
For more info of ZetaPark, visit:
http://www.fittersgroup.com/CoreBusiness.aspx?id=8
Sunday, November 7, 2010
Platinum Victory's Lake City Condo Phase 4 & 5
The construction of Lake City Condo phase 4, 5
http://www.platinumvictory.com/lakecity4.html
http://www.platinumvictory.com/lakecity4.html
Wednesday, October 20, 2010
platinum victory 2 Taman Melati
The PV condo, pv3, pv5, pv6 & pv8 are clustered together at one area. Their PV2 is now launching with 700 units, only 2 blocks, block A & B.
The Platinum Victory condos are located near Taman Melati LRT station, within 15-20min of walking distance. There are no buses from the LRT to the condo. This is prohibited by the developer to prevent congestion at the condo area.
(View from Tmn Melati Lrt station)The smallest built-up area for PV2 is 1313 sq ft. Most of the units are sold and the units with the lowest price left is 1313sq ft, RM377k excluding the car park. Buyer have to pay another RM15k for 2 car parks. There are another few units available at RM385k, RM390+k and others are RM400+k (all prices are excluding the car parks). The floor plan design is quite nice as i like that there's a corner that can be made into a study room.
There are few shoplots at the condo area, making it very convenient to the residence. There are Carrefour Express, 99 speedmart, Chinese food court and other shops.
Show room: Dry kitchen
Wet KitchenFor more info & photos, visit their website at http://www.platinumvictory.com/phc2.html
Show room open till 6pm daily.
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