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Investment Covillea Bukit Jalil, Berjaya Properties

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Chris Chew
post Dec 31 2011, 02:47 AM

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QUOTE(Hunters @ Dec 30 2011, 02:57 PM)
When is Jalil City expected to launch? The Ho-Hop land sale case with Malton had been settled?
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Very interested and eager to know this.
Chris Chew
post May 3 2012, 02:38 PM

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QUOTE(twincharger07 @ May 3 2012, 12:08 PM)
should aiming 600psft in 2 to 3 years time after IOI launch skypod, skyz, and completion of KM1, KR1, KR2, ZR, Treez, DR, ZH  brows.gif
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Wah. Twin Gor. U pour cold water to Datuk Cov meh, RM 600 psf 2-3 years later after all those KM1, KM2, KR2 and ZR would take almost 4 years time worr. Lol. Datuk Cov pushing the RM 600 psf by this year lehh.




Chris Chew
post May 3 2012, 02:46 PM

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QUOTE(Covillea @ May 3 2012, 02:43 PM)
Correct. Need to be reflective of current launchings in the vicinity.

Every developer in town is launching above RM580 psf (average) in the Southen Klang Valley Corridor of Bukit Jalil/Puchong/Puchong South (Seri Kembangan).

Cost of labor gone up! Everything else is going up further.

Hang in there for RM580 - RM600 psf by end-2012.
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Lets wait and see what is normal bank valuation for Covillea upon VP.


Chris Chew
post May 4 2012, 03:30 AM

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QUOTE(kill monkey @ May 3 2012, 09:47 PM)
Wah, all condo going RM 580-600 psf! Really wan buy also very hard now. All rich guys sapu...
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Where got all condo going RM 580-600 psf!

There were mostly RM 400+ psf onwards and depends location.

They expected Covillea to reach RM 600 psf which targetted to handover this year. Now agents selling at RM 510-530 psf, but din noe whether real unit or just get listing.

If the response is good in 3rd qtr, then RM 550 psf is likely. But can this happen to RM 600 psf by year end? Bank valuation sure is not there.






Chris Chew
post May 4 2012, 12:23 PM

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QUOTE(kill monkey @ May 4 2012, 09:59 AM)
Oic, sorry misunderstood. So far now bukit jalil is quite expensive.
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Haha. No worry.

Depends on which part of Bukit Jalil.

Those near golf club like Esplanade, The Link, Jalil Sutera area are quite good township n well managed. Moreover, KL address and adjacent to quite a few numbers of highway. Go KL also near.

RM 500 psf here are quite ok. The BJ city is booming since got tai kor like Datuk Covillea.

(=


Chris Chew
post May 5 2012, 12:24 AM

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QUOTE(kill monkey @ May 4 2012, 10:21 PM)
Thanks for explanation, for now is quite expensive in good area, have u a unit in covillea?
I have a property in near TPM, but under construction. Next year September complete, still worry for the economic crisis.
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Yalor, now, every where also expensive ... once construction materials increase the cost again, the pricing would be much expensive end of this year ... sigh ...

No, I don't have a unit at Covillea, but nearby it ... =)

So, just want to see what is the respond for Covillea upon VP ...

thumbup.gif

Chris Chew
post May 8 2012, 12:01 PM

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Datuk Cov, mind to share how much price per sq ft the Koreans bought last time?

Congratulations for u of making another benchmark condo at BJ for RM 600 psf. Seems u profit a lot by next year bcz Covillea VP this year and ur 3 storey Kinrara Residence also VP, end of 2012?




Chris Chew
post May 8 2012, 11:35 PM

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QUOTE(Covillea @ May 8 2012, 01:59 PM)
the koreans bought in bulk & negotiated a discount, maybe circa rm450 -rm480 psf.
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Wahh The Koreans bought in bulk, which should be cheaper a lot.

RM 450-480 psf??


Chris Chew
post May 16 2012, 04:44 PM

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QUOTE(Covillea @ May 16 2012, 03:57 PM)
at least property value have more opportunities to go up further
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MK today is not a MK 5 years ago.

Yes, MK has a premium of luxury condos but most of it are vacant and most banks are keen to avoid to finance MK and KLCC condos. But i dont feel any luxurious if i staying there anymore.

The MK property value had been stagnant and the appreciation is not that ideal compare to other locations which had great ROI and COCR.


Chris Chew
post May 19 2012, 12:05 PM

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QUOTE(Covillea @ May 18 2012, 10:27 AM)
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!
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What concept Covillea has???


Chris Chew
post May 24 2012, 02:11 AM

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QUOTE(Dunbshy @ May 24 2012, 01:11 AM)
Ok guys..... Hot from oven, Covillea got transaction already.. 1293sf, lower floor... 522psf  thumbup.gif

Not bad at all  brows.gif  brows.gif

Let's target @ 550psf upon vp thumbup.gif
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Whoahh, not yet VP, transaction hit RM 522 psf ???

Geng. Salute.

If VP end of this year, should aim at least 10% higher, which RM 574 psf, anyhow, still lower than RM 600 asking by Dato Covillea.


Chris Chew
post Jun 25 2012, 09:47 PM

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QUOTE(super911 @ Jun 25 2012, 08:49 PM)
580/sqft? Which agent. Do you mind to give the number?
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Wow ..... RM 580 psf ....

rclxms.gif


Chris Chew
post Jun 27 2012, 10:30 AM

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QUOTE(Covillea @ Jun 26 2012, 04:20 PM)
good news is he's always right especially the zest is valued at rm420 psf by ocbc puchong branch!!!
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Today, U r right that Zest is value at RM 420 psf by OCBC Puchong and must use JS Valuer. Most valuers already able to give RM 400 psf now, so OCBC even can push RM 450 psf, its hard to say they are not. Even JS willing to quote some banks at RM 425 psf.

But if 5 months ago, Jan 2012, then u r wrong, To get RM 420 psf bfore VP that time was absolute hard and utmost task. Most banks only give RM 360-380 psf, slowly increased to RM 380 and RM 400 psf. RM 420 psf then probably a special arrangement but no point only 1 bank can get such value bcz not all buyers or refinancing must take OCBC loan with Puchong branch. You re one of the only few who can get RM 420 psf bfore VP that time. Realistically is, buyers must able to get their value.

Appreciate ur effort Datuk!




Chris Chew
post Jun 27 2012, 10:52 AM

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QUOTE(ronn77 @ Jun 27 2012, 10:42 AM)
I just found out that OCBC really does give a higher valuation compared to other banks. For example I did check on one of commercial corner shoplot at Senawang and from the valuation found that most of banks give me valuation of $550k max but OCBC gives me $730K!. Probably the main culprit is the valuer which they attached to willing to move up the price as seems OCBC is the only one that proves to me time over time they can push the price higher than other banks. However, I tend to offer the price which lesser than what OCBC gives due to their premium valuation.
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550k vs 730k is damm huge gap.

If most of the banks only willing to giv 550k means, at most this corner shoplot only can fetch 580-600k selling price.

Sometimes banks' valuer will make mistake.

For commercial prop or outskirt, better check more to compare bcz some valuer might not have further info, so unable to quote higher. Some are dare to give higher if they want business and have supporting details to proof his quote.


Chris Chew
post Jul 6 2012, 09:04 PM

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QUOTE(Covillea @ Jul 5 2012, 04:29 PM)
this is the price they quote in their out-of-court settlement.


Added on July 5, 2012, 4:32 pm
by the time they start selling, it should be above RM600 psf. hence, to flip is at least rm720.

so covillea at rm600 psf today is afforfdable.
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Flip? At least RM 720 psf ? U mean upon VP ???

wow ...



Chris Chew
post Jul 8 2012, 06:08 PM

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QUOTE(Hunters @ Jul 8 2012, 05:12 PM)
Already got prop agent contact for selling. RM 750 K for 1415sqft. Good price anyone?
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Thats RM 530 psf...


Chris Chew
post Jul 9 2012, 02:54 PM

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QUOTE(Covillea @ Jul 9 2012, 11:30 AM)
Selling at RM768k @ RM543 psf before VP:

http://www.iproperty.com.my/propertylistin...campaign=Mitula
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RM 543 psf quite fair ....

Upon VP can be up further by 5% to 10% if the response is good ...

Well done!~


Chris Chew
post Aug 14 2012, 03:02 PM

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QUOTE(Covillea @ Aug 14 2012, 10:42 AM)
average entry price is rm650k - rm680k especially for later units. hence, rm850k is very, very small profit only.

new launches already circa rm600 psf (not rm600k!!!).
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last few units entry price got so expensive at 650k-680k????

200k is quite a good or huge profit ...




Chris Chew
post Aug 15 2012, 09:45 AM

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QUOTE(twincharger07 @ Aug 14 2012, 10:41 PM)
I guess it depends on size..?  650k for 14xx sqft?

As i know, earlier batch got below 400k for 12xx sqft and they got some discount..
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This is what I thought of bcz I remember mostly price abt 400k back then, didnt notice any 600k++ bcz the latter price back then consider very expensive dy.

Lets see how this Cov can performs.

Chris Chew
post Aug 17 2012, 03:25 PM

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QUOTE(doomdoom @ Aug 17 2012, 09:08 AM)
africans and nigerians are flooding the southern part of klang valley especially seri kembangan, bukit jalil and kinrara area.....
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Also Subang Jaya and Bdr Sunway.



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