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

please keep us posted.

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-?)

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.

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-?)

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

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.

---

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

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

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.

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

bank's valuation only max rm600 psf now

---

Added on September 13, 2011, 10:30 ambank's valuation only max rm600 psf now

This post has been edited by Covillea: Sep 13 2011, 10:30 AM

Developers expect higher property prices

Aidila Razak • Sep 26, 11 12:09PM

About half of Malaysian property developers nationwide surveyed in July expect to raise prices at the back of a spike in cost of building materials.

According to the Real Estate and Housing Developers' Association Malaysia (Rehda), about half of those surveyed plan to raise prices by 15 percent at launches this year.

On top of that, a whopping 65 percent of the 147 respondents expect general prices to rise up to 20 percent in the second half of 2011.

Presenting the survey results in Petaling Jaya today, Kuala Lumpur Rehda chief NK Tong (right) said much of the price rise is led by massive spikes in construction costs.

Leading this price hike is the cost of steel reinforcement which has gone up by 13 percent to RM2,589 per tonne compared to 2010, cement up 4 percent from RM15.64 per bag in 2010 and brick and partition, up 27 percent to 42 sen compared to 2010.
"This is experienced by 84 percent of the respondents," Tong said.

He noted that in Penang and the Klang Valley, land costs have also raised prices, with land going for as high as RM2,000 per square feet in Kuala Lumpur.

Rehda president Michael Yam added that labour costs are expected to also grow, particularly after the 6P amnesty programme.

"Much of the illegal workers which are to be made legal, work on construction sites.
"Will their wages be higher once they are legal?" Yam asked.

Beyond this, Rehda also expects the costs of compliance to rise, including waterworks for which fees are expected to go up as these are standardised nationwide.

"This does not bode very well for property developers...it places them in a difficult situation trying to contain costs to select a marketable price, and at the same time juggle the plethora of costs related to building materials, compliance and numerous contributions, among other," Yam said.

Levy, fine 'adding insult to injury'
Other factors contributing to a rise in prices include increased quotas for bumiputera lots.

Yam (right) said without automatic release schemes, developers are forced to hang on to unsold bumiputera units.

He said that to release these units so they can be sold to non-bumiputera buyers, developers have to pay a levy matching the bumiputera discount plus a fine.

"This is like adding insult to injury," he said lamenting that despite this, developers are still treated like as the "greedy bad guys".

He added that bumiputera lots are also hard to sell as "even bumiputera buyers don't want to buy these lots as it restricts them from re-selling to non-bumiputera".

This post has been edited by Covillea: Sep 26 2011, 05:53 PM

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

KM1 already selling at RM550 psf? Can someone confirm?

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

hear that berjaya land reported a quarterly loss? is is true or rumors?

jalil city when launched will surely boost price psf for covillea.

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.

last transacted price was circa rm680k for a lot of units.

why sell below rm600k?

min must be rm800k for the late purchasers to cover opportunity cost.

delayed payment by berjaya?