Inflation & FDI driving-up property value. Price went up but actual purchasing power deminishes. rm600k condo can only be bought at rm900k with today's money value:

Govt Looks Into Rising Cost Of Living. The Government will tackle the rising cost of living issue to ease the public's burden. It has
been included into the National Key Result Areas (NKRAs) because the matter is greatly affecting Malaysians, Prime Minister Datuk
Seri Najib Tun Razak said. He said the latest NKRA, the seventh in the list, was decided at the Cabinet meeting yesterday. “The effort
covers the main issues that affect the rakyat and not exclusively food, but also other things that have direct bearing on the people's
well‐being. “We may also look at the supply chain to see how we can liberalise it to allow more food imports,” he said at a press
conference after chairing the 1Malaysia Online Roundtable discussion here. Najib said another possible plan was to use idle land for
food production. (The Star)
 FDI Inflows Up Six‐Fold To RM27b. Several chambers of commerce said the Government's Economic Transformation Programme
(ETP) success has resulted in more foreign investors. The UN Conference on Trade and Development's (UNCTAD) annual investment
survey reports showed that FDI inflows to Malaysia had rebounded more than six‐fold last year to US$9.1b (RM26.8b) from US$1.4b
(RM4.1b) in the preceding year. (The Star)

I am also not sure. If delay half year ... 5% of purchase price ... I am happy with the amount .. better than renting it out ...

Complain Complain Complain!!!~~~
I heard Jabatan Alam Sekitar also have move in!!!!! Alot of ex gov staff stay in vista K, therefore they have nth 2 do but supervise this site and lodge complain. From wat i heard again an average of 2 letters were send out each week!!!!!!

Now the Main Contractor have comply with all the R & R, all things r i n full swing!!!!!!

not sure when your SPA is dated.
to get half year compenstion means VP earliest at May 2013!!!
you guys seriously think time needed to cast a few more slabs + infrastructures + landscaping + facade needs another 20 months from now kah?

Very unlikely if they continue full swing lo ... If they continue with same speed maybe 8 months can complete ....

any owner wanted to let go your unit?

u asking me out on a date?

Full swing limit the damage, not full swing to complete in time!!!! that would be impossible!!! with all the obstruction from the authorities!


Latest update, block A service lift has been seal by JKKP!!!!!!

malo, you're good-lah. with so much insider info.

please keep us posted.

Kochin, u got so many date ... very envy la ...

who am i to say no to a person who's nick is "adorable"?
and don't jealous lah. i got what she wants.
unless you're willing to sell your banana .... oops .... i mean covillea too.

Purchasers of Covillea:

1) Koreans [18 units: Block B - Entire Levels 9 & 19] - (B-9-01 to 09) & (B-19-01 to 09)
2) Kamalesh (B-15-3A)
3) Covillea (A-?-?): selling at RM850k upon VP - interested parties to PM.
4) kochin (B-23A-?)
5) korndamned (A-8-?)
6) hunters (B-6-?)
7) mok thye yee (B-12-6)
8) marcohoo (B-23-?)
9) danlim (B-?-?)
10) joe tham (A-10-?)
11) dumbshy (B-?-?)
12) weelong81
13) jiin
14) samau
15) coolfeet
16) KennyChoong
17) nkhong (A-23A-?)
18) grhunter
19) JT (A-12-?)
20) JackIII (B-?-01): selling at RM850k upon VP - interested parties to PM.
21) tay (A-10-?)

As of last week.

KM1 Block alpha also 100% sold. Block beta about 50% sold. So total sales is about 75%. Cheapest unit now is about ~530 psft ... Can we said that Covillea are "safe" now? Quite many experience guys are not bullish about 2012 and 2013 since there many units to be VPed. Those who enter late for Covillea is about 400psft. Eventhough drop 25% in price 0.75*530 psf = ~400psf almost breakeven or lost a little bit ...

Source: JLW / Credit Suisse:

JLW’s reported sales rate of new housing launches in the Klang Valley inched up to 80% in 2Q11 (78% in 1Q11). Sales rate for condos rose to 80% in 2Q11, despite having the highest number of launched units per quarter since 2000.

Good demand momentum should maintain as many buyers are owner-occupiers and there is genuine demand for houses. We expect the strong sales rate to continue in 3Q11.

Housing sales rate in 2Q11 inched back up to 80%. According to JLW, the sales rate of new housing launches in the Klang Valley inched up to 80% in 2Q11, from 78% in 1Q11 & 1Q10. The sales rate of ‘units available and monitored’ remained flat at 69%.

JLW expects good demand momentum to prevail as many buyers are owner-occupiers and there is genuine demand for houses underpinned by urbanisation, a growing population and the Greater KL Plan.

Condo market remained buoyant with record launches. The condo market in Klang Valley also performed well in 2Q11, with take up rate of new launches rising to 80% (70% in 1Q11), despite having the highest number of launched units per quarter since 2000.

More launches are expected in the near term, backed by the strong demand. The mass and mid-high segment and smaller units (<2,500 sq ft) are expected to do well.

No worries, i do my best to keep you guys update!!!!

Until now, nothing has been resolve!!!!
Hassle for the main contractor!!!

Purchasers of Covillea:

1) Koreans [18 units: Block B - Entire Levels 9 & 19] - (B-9-01 to 09) & (B-19-01 to 09)
2) Kamalesh (B-15-3A)
3) Covillea (A-?-?): selling at RM850k upon VP - interested parties to PM.
4) kochin (B-23A-?)
5) korndamned (A-8-?)
6) hunters (B-6-?)
7) mok thye yee (B-12-6)
8) marcohoo (B-23-?)
9) danlim (B-?-?)
10) joe tham (A-10-?)
11) dumbshy (B-?-?)
12) weelong81
13) jiin
14) samau
15) coolfeet
16) KennyChoong
17) nkhong (A-23A-?)
18) grhunter
19) JT (A-12-?)
20) JackIII (B-?-01): selling at RM850k upon VP - interested parties to PM.
21) tay (A-10-?)

Purchasers of Covillea:

1) Koreans [18 units: Block B - Entire Levels 9 & 19] - (B-9-01 to 09) & (B-19-01 to 09)
2) Kamalesh (B-15-3A)
3) Covillea (A-?-?): selling at RM850k upon VP - interested parties to PM.
4) kochin (B-23A-?)
5) korndamned (A-8-?)
6) hunters (B-6-?)
7) mok thye yee (B-12-6)
8) marcohoo (B-23-?)
9) danlim (B-?-?)
10) joe tham (A-10-?)
11) dumbshy (B-?-?)
12) weelong81
13) jiin
14) samau
15) coolfeet
16) KennyChoong
17) nkhong (A-23A-?)
18) grhunter
19) JT (A-12-?)
20) JackIII (B-?-01): selling at RM850k upon VP - interested parties to PM.
21) tay (A-10-?)
22) scrybe (A-18-?)

anybody know the status of progress?
hoping for billing to come but still nothing yet.

after 2 years, official valuation as follows:

zest is at rm460 per sq ft

covillea is at rm600 per sq ft

This post has been edited by Covillea: Aug 23 2011, 03:19 PM