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Investment Covillea Bukit Jalil, Berjaya Properties

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Covillea
post Apr 5 2011, 01:58 PM

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this certainly augurs well for covillea.
carpathia
post Apr 6 2011, 11:49 PM

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hello everyone. im looking to buy at covillea
anyone have any unit to let go, please let me know so i can arrange to view the unit ? ?
nkhong
post Apr 7 2011, 12:19 AM

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How to view still under construction unit? Maybe can view 5th-10th floor ...
kochin
post Apr 7 2011, 08:59 AM

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QUOTE(carpathia @ Apr 6 2011, 11:49 PM)
hello everyone. im looking to buy at covillea
anyone have any unit to let go, please let me know so i can arrange to view the unit ? ?
*
are you willing to buy without looking?
and at what price? whistling.gif
PM me if you are seriously interested.
Covillea
post Apr 7 2011, 10:28 AM

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beware. some of these people are real estate agents.
weeloong81
post Apr 7 2011, 11:19 AM

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Y not sawana 2? Ready unit wat...
ronn77
post Apr 7 2011, 11:36 AM

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Bros,

This might be a bit out of topic but could you advise how much is the launching price for Savanna? Also personally do you think Savanna will be a wise choice if compared to Covillea or vise versa?
manufreak07
post Apr 7 2011, 11:42 AM

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If not mistaken savanna launching price should be around RM258K or RM268K for 1218sf.
Those who initially bought, can consider buy 1 get 1 free de.
ronn77
post Apr 7 2011, 11:52 AM

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QUOTE(manufreak07 @ Apr 7 2011, 11:42 AM)
If not mistaken savanna launching price should be around RM258K or RM268K for 1218sf.
Those who initially bought, can consider buy 1 get 1 free de.
*
oh boy...that must be a gem investment of Savanna buyer few years back. With such huge increase by Covillea and KM1, will it still worth to buy this unit?
kochin
post Apr 7 2011, 12:03 PM

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if savanna and covillea almost similiar pricing now, why would you want a higher density and older development?
naleh33
post Apr 7 2011, 12:58 PM

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QUOTE(kochin @ Apr 7 2011, 12:03 PM)
if savanna and covillea almost similiar pricing now, why would you want a higher density and older development?
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I do not think both Savanna and Covillea will be priced similarly, probably the pricing is about the same for a fully furnished unit for Savanna and an unfurnished unit in Covillea.
Covillea
post Apr 7 2011, 01:31 PM

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"We see developers positioning for further price increases due
to higher replacement costs (land and building materials). Meanwhile, property buyers seem
unfazed by the price increases because 1) many believe properties are good hedges against
inflation, 2) population dynamics give room to higher new home buyers vs. other years, as well
as, upgraders; 3) attractive BLR spreads of up to 2.5ppts for new homes, and 4) some developers
are still offering financing schemes. These are indications of both buyers and developers bullish
sentiments. The government has also introduced 100% financing schemes for first home buyers
earning below RM3,000/mth for homes between RM100,000-RM220,000; however we still think
this measure is more applicable outside key property growth corridors such as Klang Valley,
Penang and JB. The measure could encourage more developments in this segment. We also expect
the sector to maintain its excitement given the MRT roll-out. While we do not have details on 1Q11
sales yet, we strongly opine large developers will delivery within expectations given 1) attractive
lending rates (Jan 2011 AVL: 5.1%) 2) headline projects (SPSB’s KL Eco City) 3) MRT roll-out
providing positive sentiments 4) further landbanking news. Although a few banks have turned
cautious, we strongly believe that there is still ample of liquidity for home financing, as banks are
still willing to offer attractive BLR spreads for new launches. The upcoming Invest Malaysia (April
2011) could see stronger news flows on the Rubber Research Institute (RRI) developments and
potential partnership of MRCB to execute RRI developments."

...Kenanga Research
manufreak07
post Apr 8 2011, 11:04 AM

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QUOTE(ronn77 @ Apr 7 2011, 11:52 AM)
oh boy...that must be a gem investment of Savanna buyer few years back. With such huge increase by Covillea and KM1, will it still worth to buy this unit?
*
not only savanna .. i think those properties neary by BJ Lrt or SP Lrt eg (Arena Green, Green Avenue .. etc (VK not so sure)) all also buy 1 free 1 de .. smile.gif
ronn77
post Apr 8 2011, 12:07 PM

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QUOTE(kochin @ Apr 7 2011, 12:03 PM)
if savanna and covillea almost similiar pricing now, why would you want a higher density and older development?
*
The thing is Covillea developer price is selling at $450k and above and when the unit completed the sub-sale might go from RM600k and above. Given the price differences, Savanna appear to be cheaper option than later unless if Covillea buyer willing to let go around RM500k right now.
kenlim21
post Apr 8 2011, 12:25 PM

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QUOTE(ronn77 @ Apr 8 2011, 12:07 PM)
The thing is Covillea developer price is selling at $450k and above and when the unit completed the sub-sale might go from RM600k and above. Given the price differences, Savanna appear to be cheaper option than later unless if Covillea buyer willing to let go around RM500k right now.
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haha, in fact on the 1st day i booked covillea, i am thinking is would be very very good if i can sell at 500k upon vp. biggrin.gif was expecting 450k to 480k at that point of time. FYI i got mine sub 400k.
ronn77
post Apr 8 2011, 12:52 PM

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QUOTE(kenlim21 @ Apr 8 2011, 12:25 PM)
haha, in fact on the 1st day i booked covillea, i am thinking is would be very very good if i can sell at 500k upon vp.  biggrin.gif was expecting 450k to 480k at that point of time. FYI i got mine sub 400k.
*
So do you wanna let go now?
kenlim21
post Apr 8 2011, 02:13 PM

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QUOTE(ronn77 @ Apr 8 2011, 12:52 PM)
So do you wanna let go now?
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not now la....coz free interest bearing currently....maybe upon vp..hopefully 550k is achievable then
ronn77
post Apr 8 2011, 05:42 PM

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QUOTE(kenlim21 @ Apr 8 2011, 02:13 PM)
not now la....coz free interest bearing currently....maybe upon vp..hopefully 550k is achievable then
*
Should be able to reach. What is your b/u?
kenlim21
post Apr 8 2011, 06:29 PM

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QUOTE(ronn77 @ Apr 8 2011, 05:42 PM)
Should be able to reach. What is your b/u?
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ron, mine is smallest unit 1293sf.
well if rental is good at that time, might consider rent for a while b4 selling..otherwise, just follow market price and sell...
super911
post Apr 8 2011, 08:44 PM

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Ken, u r really not greedy. Buy 400k and only wish to sell 450k. All your profits will end up giving to agent fees, bank penalty, legal fees and etc smile.gif

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