Official valuation??? from which valuer firm??

which valuation firm giving covillea @ rm600psf?
can people who purchase get 90% based on rm600psf?

edited..

This post has been edited by Dunbshy: Aug 23 2011, 03:39 PM

this valuation firm which the bank used gives high valuation.

this bank is very conservative, i.e. loan-to-value ration is between 80% - 85% only.

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Added on August 25, 2011, 10:49 amPurchasers 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-?)

Current Valuation for Covillea: RM600 per sq ft only

This post has been edited by Covillea: Aug 25 2011, 10:49 AM

any progress update pls?
thanks.

JKKP red tape still there, so no progress to external plastering, RC structure to roof

Looks like ur BKT is colder than water liao more than 1 month no progress ...

ask the contractor to pay for the BKT.
super sure very happy liao.
me?

ini macam pun boleh? I like it!

Over selling lah...

I think bkt should be on me. I got the progressive billing showing that they are going for external plastering next. Now is September, let say 3 months to get it done internally and exteriorly. December start drainage and road, another 2 months. Cny rehat. Start work again march on final touch up. April apply for cf. June get approval. Either end June or early July vp

I think I know who u r my friend. First Covillea buyer.

Good la..We go BKT together with kochin next time.

Ok. No problem. Haven't met Kochin b4.

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-?)

Current Valuation for Covillea: RM600 per sq ft only

So Covillea, after raya what is increased? Appreciate your further news of everything up up up.

you got billing for external plastering already?
my structure billing also belum.
haih.... dunno whether my unit problem or berjaya dun wan my money.
hahaha.
BKT small matters. most important thing is knowing more friends.
btw, nobody got pictures of covillea showroom's toilets kah? still waiting wor...

gold price on 6 sept 2008 is usd874.20/oz
gold price today @ 6 sept 2011 is usd1,900.300/oz
an increase of circa 117.4%

did gold price really went up because of demand? the answer is 99% no. because 2 things: inflation & devaluation of dollar value set-in.

100 years ago, 1 oz of gold can buy you a bread (for easy reference), today the same 1 oz can can only still buy you a bread. the oz of gold didn't change. but the value (price) of gold changes.

likewise, you bought the zest at rm400k 3 years ago & if you decided to sell it today at rm600k, you've already lost out in terms of real purchasing power sense although you thought you made rm200k!!!

that's why people are buying gold to hedge against inflation. property should function the same too. if you noticed, some food prices are already reflecting that too.

if you bought your unit at rm400k, just add 117.4%, that's the "breakeven" dollar value you should sell today (rm869.6k).

i know it's not easy to convince, but please think of the logic why paper money has to be backed by golds. governments/central banks are buying them up to protect their currencies.

did you back-up your condo with gold accumulation? if not, it's the same as paper money. your investment of rm400k should be the same as rm869.6k to achieve the same purchasing power.

Nice one !! I like your effort to maintain the prices, it's what everyone should do. Don't chicken out and sell your properties short. There are whole lot of rich ppl out there.

Covillea pls give more example like these..

Mahalll...

For the mean time, I think property price is almost there. Won't go up much or go down much. Those who don't have money, no choice, got to rent. Those who are holding, no choice, rent out with low yield coz rental won't go up much either.