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Investment Covillea Bukit Jalil, Berjaya Properties

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naleh33
post Nov 20 2009, 08:35 AM

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QUOTE(APPA @ Nov 20 2009, 01:09 AM)
looking good for investment with min. cost.... but not for own stay.
heard this covilla share all the facilities with savana, yes/no??
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If you mean Covillea is going to have the same faciliaties/concept as Savanna, then is possible as both are developed by Berjaya. However, if you mean Covillea is sharing the facilities with Savanna literally, it is impossible. Covillea project is a higher class condo than Savanna with higher price tag. Who will want to pay more but sharing the facilities with other condo residents.

The condo around that area has high demand for expatriates and students (students from middle east and africa). So rental wise, it can fetch a good price nod.gif In that sense, it is not really an ideal place to stay as too many foreigners.
naleh33
post Nov 20 2009, 05:00 PM

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QUOTE(APPA @ Nov 20 2009, 11:31 AM)
oops, Savana 2 low rise is sharing the facilities with savana.........my bad blush.gif

ko-villa have their own
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Is Savanna 2 sharing facilities with Savanna? blink.gif How come I do not know when I am a resident of Savanna. Need to ask the management then shakehead.gif
naleh33
post Nov 22 2009, 03:34 PM

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I have just visited Covillea show room this morning. Concept is very identical to Savanna even the building structure itself. but the Price is so steep... when I went there the Golf course view is almost fully taken up left 2 units which worth more than 500K. 500K for 1419sqft is too exp.

I think the price is so steep is because it is riding on the demand of Savanna. That time I bought Savanna is close to 300K only and now the starting price of Covillea is half a million.

Why do they increase the price by 21K on the 2nd day? Cos the demand is too good on the first day? This project will be like the Zest which sold like hotcakes.
naleh33
post Nov 22 2009, 03:51 PM

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QUOTE(somebodyson @ Nov 22 2009, 03:37 PM)
Actually before i left yesterday ..i saw all those 400k units ..below 500k all green green sticker ..today our friend said still got..That means..those sales people KARATE EXTRA RM21K sendiri masuk gua ?


Added on November 22, 2009, 3:39 pmZest is so lucky cos tat time Newspaper announces LRT extentasion there. Just infront of Zest got 1 LRT station in another 2 years..
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But it is amazing, it is just 1 day and all the units are almost snapped up. For Savanna, I think it takes several months to completely sell off all the units. Msian are getting richer and richer. Buying property like buying clothes nowadays.
naleh33
post Nov 22 2009, 04:11 PM

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QUOTE(somebodyson @ Nov 22 2009, 03:56 PM)
dude ..We Malaysia buy own Malaysia Owned Company ..Spirit + Love to the country.. That why Hanju Savanna cant make it success to pump back $$$ back to korea...


Added on November 22, 2009, 3:57 pmYou ask Naleh to snap and upload ~ lazy go to see there
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I have just came back from there this morning. But looking at the demand, I believe by end of this week, everything should be snapped up.
naleh33
post Nov 23 2009, 12:38 AM

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I have to admit the location is very strategic. It is very convenient for people who are taking LRT to walk and it is very accessible to everywhere like LDP, Kesas. If not because I have purchased Savanna for my own stay, I will definitely purchase 1 unit in Corvillea.

However, if it is for investment, the entry price is very steep. Imagine, now the units left are from 468K till 600K and when block A is opened up, the price will be further increased. Definitely when the property is completed, the price will still be jacked up. Subsale price in the future probably will become 800K for a 1400sqft condo blink.gif If I am a purchaser, I will not pay such a high price for it.

This post has been edited by naleh33: Nov 23 2009, 12:39 AM
naleh33
post Nov 28 2009, 03:58 PM

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Berjaya really chooses the right time to launch Covillea project after looking at the demand of Savanna and Savanna 2. The sales is incredible. Malaysian are snapping up the units like buying clothings blink.gif

I wanted to get 1 unit there but the prices are just too expensive. cry.gif
naleh33
post Dec 9 2009, 12:37 PM

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How was the block A sales? Has it been snapped up like hot pisang goreng like block B?
naleh33
post Dec 10 2009, 09:59 PM

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QUOTE(Covillea @ Dec 10 2009, 02:11 PM)
it's not expensive. people must take into account the economy come 2011-2012. it'll be booming then. everything then will be rosy. people will buy properties like crazy. have foresight and everyone can make money happily ever after. furthermore no insterests now mah!!!

datuk


Added on December 10, 2009, 2:12 pmbuy! buy! buy!
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Wah Datuk Covillea,

If you are not berjaya staff, you probably is Vincent Tan or Berjaya fans brows.gif Support Berjaya till the max. I agree that Covillea is located at a very strategic location, but I am quite skeptical about the quality of the project for such a high price.

I am staying at Savanna now for hardly 6 months, now the concrete slabs above both the guest and master bedroom toilets are leaking. Call the management office to fix but till now still no news. cry.gif

naleh33
post Dec 11 2009, 12:07 AM

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My thoughts on Covillea project is that it is ideal for own stay because of the scenery and the strategic location. I personally is trying to get the 1400sqft unit when the block B was launched. Just that, I missed the early bird discount.

As the price is steep, I am expecting Berjaya to provide all the purchaser with high quality furnishing. Basically, I am not impressed with Savanna furnishing. Not to say both my toilets' ceilling are leaking, even the water piping at the carpark level are also leaking.

No offend to those investors here who are thinking to sell the unit once it is completed. Personally I think the entry price for Covillea is too high. Like now, a lot of units in Savanna now can fetch around 420K and some even 500K but to get buyer to buy at that price is quite difficult. Whats more Covillea. Unless Bukit Jalil area can be developed till like MK or Damansara where people are willing to part 500K to buy a condo.
naleh33
post Dec 16 2009, 09:04 AM

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QUOTE(danlim1 @ Dec 15 2009, 11:46 PM)
Expect the price in Bukit Jalil to increase further. Vista Komanwel is now repainting. Once it is completed, price will up up up. This will give further positive effect to property nearby!
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Hi danlim,

Is there any reference to back this statement up? By just repainting, price will go up? I do not think so. I heard that Vista's management is not good in maintaining the facility. The lifts are always malfunction and the corridor are not brightly lighted. On top of that, every unit has 1 car park only. I have not seen it personally.
naleh33
post Dec 16 2009, 04:27 PM

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QUOTE(danlim1 @ Dec 16 2009, 09:37 AM)
Given a choice, would you buy a black & white TV or color TV? smile.gif
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An interesting analogy. To me the analogy will be more suitable for buying a double storey terrace and semi-d. It is about whether you have the $$ or not tongue.gif Painting the entire building may give it a brand new look but the price appreciation for repainting will be negligible.

Repainting will give more confident and comfort to the buyer as the condo looks new at the outside. It will increase the chances of selling off the units there. After all, potential buyers will focus more into aspects like facilities, performance of the management as well as the condition of the units which they are interested.

This post has been edited by naleh33: Dec 16 2009, 04:29 PM
naleh33
post Dec 25 2009, 05:01 PM

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Please stick to the thread's topic la laugh.gif How is the sales of Covillea? Has all the units sold off?
naleh33
post Jan 11 2010, 04:45 PM

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QUOTE(joe.tham @ Jan 11 2010, 03:56 PM)
As of Last Sunday noon, Blk A is having total 35 units sold.
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The pisang goreng has cooled down after all. Block B was snapped out like in 2 weeks time.
naleh33
post Jan 12 2010, 04:30 PM

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QUOTE(Covillea @ Jan 12 2010, 02:13 PM)
we should organize a get-together with all covillea purchasers & together we can make covillea the best resort condo living in malaysia. people can buy structure but we can build community.

datuk
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Hopefully most of the purchasers are buying for their own stay. Then probably, your wish can come true.

For example Savanna, I would say most of the units are rented out to students at least for my block. As you know students, they do not really bother about taking care of the environment. mad.gif
naleh33
post Aug 27 2010, 11:17 AM

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QUOTE(rescuedual @ Aug 27 2010, 10:17 AM)
Even now Savannah 2 still got many unsold units.........any idea why ?
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Savanna 2 is really overpriced. For such a price and you do not get any underground parking. It will be just shaded parking.
naleh33
post Aug 27 2010, 11:40 PM

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QUOTE(kochin @ Aug 27 2010, 03:29 PM)
not to mention co-sharing facilities with savanna 1  icon_idea.gif
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Yeah totally agree... help residents in Savanna like us to maintain the facility. Pay such a premium price and still need to walk such a distance to use the facility.

Really no brainer la rclxms.gif
naleh33
post Aug 28 2010, 11:31 AM

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QUOTE(danlim1 @ Aug 28 2010, 08:17 AM)
You don't know what you don't know. One jelatek condo has only 70 units and got to pay RM0.5/sqft for maintenance because they don't 'share' other ppl facilities. If it has only 35 units, they got to pay RM1/sqft! Savanna 2 has just 32 units and paying RM0.3/sqft.

Savanna 2 residents should be the one saying big thank you to Savanna 1 residents. By paying minimum maintenance fee, they have the facilities to use and enjoy low density living smile.gif
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That is a positive aspect to look at it. thumbup.gif However, IMHO, Savanna 1 residents are paying 0.2/sqft for maintenance bills and able to enjoy the facilities conveniently whereas Savanna 2 residents have to walk a distance to enjoy those facilities. On top of that, the build area of Savanna 2 is much bigger and you are paying much more to for the maintenance bills.

So who is at the disadvantage, I wonder? hmm.gif
naleh33
post Mar 21 2011, 11:01 PM

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QUOTE(joe.tham @ Mar 21 2011, 09:55 PM)
Wah, how come got banker here...
Everywhere also have good rate la. Maybank agent call me up can offer BLR-2.4 for Residential. A Wow right?

Ya, i mean is starting price for Covillea can fetch 600K.
When 2nd block of KM1 launch most unit will be sell at 500psf or more.

If covilliea can fetch that mean can up to 650K during VP.
Hopefully market can still doing good then.

When VP, either sell it to get 200K profit or go refinance (if BLR rate still good) to cash up the money for reinvestment. smile.gif

Beside, also need to monitor whether Savanna sale & rental price go up because of KM1 effect. If no support from sale & rental market then the effect also will not be strong to Covillea.

Cheers.
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But the launching of KM1 and soon KM2 will not have any direct impact yet on Savanna sale & rental price since it will be only ready in another 2-3 years time. However, the completion of Covillea next year will be something to watch out whether Savanna price will be pushed up in tandem with Covillea or down due to more alternatives. If Savanna price will go up further, I plan to sell off my unit. hmm.gif
naleh33
post Mar 22 2011, 10:55 AM

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QUOTE(kochin @ Mar 22 2011, 09:07 AM)
http://www.iproperty.com.my/property/searc...p=&ns=1&sby=pdz

savanna 1 prices. minimum asking rm570k from iprop listing.

berjaya allow subsale now or not ah? need to cash out already.
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Those are fully furnished units in Block B. I am just wondering will there be sufficient demands on bare empty units in Covillea selling at 600,000? smile.gif I am planning to sell my unit in Savanna as well if I get pricing like RM550,000 though is fully furnished but in Block A.

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