Welcome to Findaplaceoverseas.com

The Golden Palm Tree Resort

Golden Palm Tree Resort is an iconic development project offering the worlds 1st Eco-Friendly Sea hotel.

Golden Palm Tree development offers investors a 15-year rental package starting from 8% per annum for the first two years, an estimated 15% to 20% capital growth.

Sepang Gold Coast Sdn Bhd is continuing its best effort to master planning the Sepang Coastline into a key tourism destination that will attract both local and international visitors.

The overall Golden Palm Tree Resort development will be ecologically sustainable with moderate density and emphasize on the natural environment. Many of the proposed developments will be developed over the sea without disturbing the ecologically rich areas.

The first development of the Golden Tree Palm Resort will be on 18 acres of land sited on Lot 67 and is accessible from the existing Bagan Lalang beach via a boulevard.

The Company has established its Information Centre and a Prototype Villa to provide valuable insight to the development. This development comprises of 399 units of water villas called the Golden Palm Tree Water Villas Resort and is in the shape of a palm tree stretching 1.2 km into the Straits of Malacca.

The villas come with various built-ups between 520 square feet to 2,000 square feet.

The villas at Golden Tree Palm Resort are designed with both the ‘Polynesian’ and ‘Maldivian’ architecture and interior design of Modern Malaysian flavour.

70% finance available now, up to 85% finance on the completed property value
15-year rental package from 8% MINIMUM (guaranteed for the first 2 years) per annum
Operated as a hotel-condo by Swiss-Bel International Hotels (one of the largest in Asia)
5* facilities including spa, club house and shops
Only 20% deposit with contract, 10% on completion of piling structures
Fully interior designed furnished units including air conditioning
A completely unique concept for the region
Only 25 minutes from Kuala Lumpur International Airport
Only 75 minutes from Kuala Lumpur City Centre
The 15 year leaseback scheme covers 120% of the purchase price
14 nights free owner use per annum
No maintenance or sinking fund contributions

Development size:
The Palm contains 366 units (160 Travelers, 130 Canary, 66 Ivory and 10 Royale) and is phase one of a 10 year project covering 22km of coast line. The development will be managed by Swiss BelHotel - www.swiss-belhotel.com

Construction:
Reinforced concrete foundation and frame, with masonry wall and cement board cladding. The roof is a timber truss with alang alang thatch.

Timber flooring is used throughout apart from the bathroom where a terrazzo tile is used. Air conditioning is fitted as standard in all units.

Furniture:
Units come Fully furnished

Rental package:
Guaranteed return of 8% for years 1 and 2 then review every 4 years. Projected returns are:-

Year 3 - 8.04 - 8.33%

Year 4 - 8.80 - 9.12%

Year 5 - 9.62 - 9.97%

Free stay:
Owners are given 14 nights free stay per year during the 15 year lease back.

Finance:
Finance LTV up to 70% is being sourced in Malaysia with estimated interest rates of around 6.3% over 20 - 30 years, up to the age of 65. This finance is on a draw down basis, with payments starting on completion. Upon completion, an 85% local finance package is available on the PRICE upon completion.

Reservation:
A 2% reservation fee is required to secure a property and is fully refundable in the event that the loan application is rejected.

Payments:
Payments are made as follows:-

20% on contract

10% on commencement of piling and pilecap of said building (approximately 6-8 months)

Closing Costs:
The closing costs have all been included in the purchase price and if you are buying using the rental agreement

Taxation:
Capital gains, income tax and property tax Zero rated....

Completion dates:
The developer estimates a completion date of 18 - 24 months depending where the property is within the development.

Prices from £73,000

Currency Converter

Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceoverseas.com cannot be held responsible for any inaccuracies.

Contact Us now on +44 (0) 1638 564305 for a brochure and full details or click here