The reason is due to the deal is not bad.
This project I booked with only RM5000 down and pass it to my brother inlaw.
The unit is Type A with 1508 sqft with RM388K (aft rebate 10% price).
Also recommend to another 3 friends and all of them bought it as well with slightly higher price.
That time the Promotion:
Price (after 10% rebate) RM388000.00
Booking =RM5,000.00
Effective PSF= RM257
Free all complete legal for SPA, Loan agreement & Stamp duties
No other freebies available at that time ( Sept 2013)
Prominence new package ( Aug 2014)
Best deal avail : #B23-8
size=1273
Price= RM469,000.00
Car park=2
Room=3
Bath=2
Superb Facilities - see their link http://www.bionicorp.com.my/index.php/work/condominium
Promotion:
Price (after 8% rebate) RM431,480.00
90% loan= RM422,100.00
Booking =RM5,000.00
DP balance (SPA)= RM4,380.00
Initial Cash Layout= RM9,380.00
2nd stage Cash rebate= RM8,629.60
Effective PSF= RM332.17
Freebies :
Kitchen Cabinets (L-shape)
Kitchen hood & hob
4x Aircon
Fridge
Free all complete legal for SPA, Loan agreement & Stamp duties
Free 1 year maintenance Fee
Another friend bought in this week.
Below are some of the snap shot from the Sales Kit Brochure
Developer Details:
Bionic Development Sdn Bhd
TIngkat 15.01 Bangunan KWSP
38 Jalan Sultan Ahmad Shah
10050 eorgetown,Penang
Tel:6042106188
www.bionicorp.com
My opinion on this project:
This project has slightly edge over other because it will be the higher end in the mainland.
Bionic is the premier developer in Taiwan, similar prestige as SP Setia rank.
THis is Bionic 1st project and it is high end,but selling at normal price.
Sungai dua near the mainland, the condo selling price is RM350/sqft now.
That area even is out of the populated area.
For all new development, it is for flipping.
The fall back plan always to rent out.
At the same time look for buyer.
In the event that rental cannot cover,we have to top up as usual.
Rule of thumb, keep 12 months installment as emergency fund.
Exit Plan for Prominence
Below is the projection of the this project in 3 years time @ 2017.
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