Finally, the contractor will start to dismentle the tower crane tomorrow, after 6 months delay

Yes, VP soon!!! Can we still claim delay interests?

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.

Better to flip or rent?

keep if price not right at rm600 psf.

look around you, all launchings now with similar concept or lower tha covillea is alreday selling at rm600 psf & above in bukit jalil - puchong - seri kembangan.

what do you think?

the simple answer is that you can never buy back similar concept at anything below rm600 psf!

Weeks havent been to the site. Later go there 88 first.

Covillea gor, delay interest? Wa lau eh, sibehjaya let you earn the cap gain already and you still not yet full?

One agent called me offer 610k. I asked her go back work harder.

Super gor, pls post some pics here to share with us yea. Thanks in advance!

Saw a big...big Crane there just now, forgot to take photos :@

what'sapp pic from Their staff


This post has been edited by skng03: May 19 2012, 12:22 PM

What concept Covillea has???

The big crane is to dismantle another crane ...

to be precise, the big mobile crane is there to dismentle the three tower crane

Thanks for pic. Any news when can Covillea be vp?

colour is up. any comment?
come to think about it, why didn't sibehjaya make some pool view units in block b? they have the common corridor facing the pool.

The external color ...

Coz sibehjaya say covillea every unit has golf course view. Personally, i like what it is now because if block b has pool vkew, means there will be one unit opposite your unit. Sunlight will be block and your 2nd bedroom&kitchen will be damn dark.

Was about to ask the same questions.

Probably he mean that surrounding projects with the same layout and building design concept?

RM610k - the agent must be sleeping. cannot even cover penalty & rpgt!!!

If it's RM610 psf, then please give discount. RM600 psf also can-lah.

hi bro Covillea, May I know how much we need to pay for the penalty if loan with HSBC? is rm600 enough to cover+earn?

thx

depending on your loan agreement. most bank will charge between 3% - 5% if exit less than 5 years.

in addition, you've your rpgt of 5%.

nett-nett, you need at least 20% (including 10% deposit cost in event you invest in other intruments) to breakeven.

to make a profit (just based on absolute numbers), you need 30%.

to really make a inflation-proof profit (land/material/labour cost), you need 40%.

based on last transacted unit price for covillea & selling at rm600 psf now, your profit is only 28.3% - so still not that greedy-lah.

This post has been edited by Covillea: May 22 2012, 09:57 AM

bro covillea thx for the explanation does 10% penalty&rpgt charge are base on buying price or selling price?

penalty is based on loan amount.

rpgt is based on selling price - buying price.