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 1120 Park Avenue - PJ South, any comments?

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airline
post Dec 20 2009, 01:39 AM

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maybe cause its next to desa park city.
dpc link house 2 storey rm 1 million already.

kepong 1st residence sales still slow.
T816B
post Dec 20 2009, 09:27 AM

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QUOTE(eugene jk @ Dec 19 2009, 11:28 PM)
If it can't even pass your "I can stay there" test, how do you expect your investment to be viable?  hmm.gif
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IMHO, "I can't stay there test" can't be used on every single person. If one is filthy rich, he/she will not want to stay in a medium cost apartment. But that does not mean the apartment is not viable as an investment. He/she can still buy & flip knowing many middle class people out there will stay there. Nope?


cheraspeople
post Dec 20 2009, 09:39 AM

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QUOTE(airline @ Dec 20 2009, 01:39 AM)
maybe cause its next to desa park city.
dpc link house 2 storey  rm 1 million already.

kepong 1st residence sales still slow.
*
If your theory is correct, then pjs is close to pj old town. so the condo price should be?


Added on December 20, 2009, 9:43 am
QUOTE(T816B @ Dec 20 2009, 09:27 AM)
IMHO, "I can't stay there test" can't be used on every single person. If one is filthy rich, he/she will not want to stay in a medium cost apartment. But that does not mean the apartment is not viable as an investment. He/she can still buy & flip knowing many middle class people out there will stay there. Nope?
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Precisely!. Ppl already stay in Semi-D won't want to stay there but that doesn't mean nobody want to stay there. Middle class ppl will consider this place especially there are working in PJ or Sunway and they can't afford to buy a new landed house or condo there.


Added on December 20, 2009, 9:52 am
QUOTE(Raub @ Dec 20 2009, 01:26 AM)
who say kepong not is good place ? Manjalara 18 condo ..fire till RM520k d...
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Don't get me wrong. Which place is good is very subjective. I have no relative in Kepong and my workplace is not near kepong hence i wont choose Kepong. My fren has family in kepong hence he likes Kepong. Same apply here. If ppl has family stay in Sunway, PJ, OUG, OKR, they may choose an affordable condo nearby rather then a expensive condo in a very good location.

This post has been edited by cheraspeople: Dec 20 2009, 09:52 AM
eugene jk
post Dec 20 2009, 11:24 AM

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QUOTE(T816B @ Dec 20 2009, 09:27 AM)
IMHO, "I can't stay there test" can't be used on every single person. If one is filthy rich, he/she will not want to stay in a medium cost apartment. But that does not mean the apartment is not viable as an investment. He/she can still buy & flip knowing many middle class people out there will stay there. Nope?
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What our fren meant is not interms of Luxury but rather Safety..
T816B
post Dec 20 2009, 12:38 PM

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QUOTE(eugene jk @ Dec 20 2009, 11:24 AM)
What our fren meant is not interms of Luxury but rather Safety..
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The argument remains even if it is meant for safety. One's acceptance of security level is different from others.

This post has been edited by T816B: Dec 20 2009, 08:51 PM
dream.angels
post Dec 20 2009, 05:39 PM

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went there jus now..
according to SA, phase 1 is sold out...
phase 2 is not launching till much later.. mayb aft CNY..
sheakhu
post Dec 20 2009, 05:59 PM

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QUOTE(airline @ Dec 20 2009, 01:39 AM)
maybe cause its next to desa park city.
dpc link house 2 storey  rm 1 million already.

kepong 1st residence sales still slow.
*
Not a long ago i been offer DPC around 750k, i should have been taken, Alas! still regret, But learn lesson, rolleyes.gif
misnail
post Dec 20 2009, 06:00 PM

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QUOTE(limwc78 @ Dec 18 2009, 09:14 PM)
yes call me just now, ask to sign on this saturday. I say my due date suppose on next saturday. If I sign S&P already then loan not approve i need to detuct 1% of purchase price. mean RM 1879 need to forfeith. If after 14 days only sign S&P then no applicable for 4.5 years free interest.

Why they want to do that is it they also worry their property not confidence. Did anyone receive the same call like this.
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I received a call from the lawyer office asking me to sign the S&P by tomorrow, Monday. I booked my unit on 12th December 2009 and thus, I actually have until 26th December to sign it.

I'm confused now - 14th working days or 14th days (including PH, weekends)?

How am I supposed to sign S&P when I dont even know if my loan is approved or not!

WEIRD WEIRD WEIRD!
dream.angels
post Dec 20 2009, 06:09 PM

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QUOTE(winner @ Dec 18 2009, 07:45 PM)
The buyers consist of investors and owner-occupiers. I went to the site and sales office last Saturday. I saw a lot of young couples from all races so I guess they must be first home buyers. I am an investor but I didn't make a purchase. Location is not bad, pricing is affordable and the deferred payment scheme is tempting. I am sure the developer will increase the price soon. However, what I am a bit worried is whether the developer has the ability to complete the project, as they has not started any construction activities at the site yet taking into consideration that Phase 1 comprises more than 1000 units.
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anyone knows d history of d developer?
supposedly, they haf done a few developments done before.. but under different comp names.. tho still under peters holdings s/b...
i tot phase 1 & 2 is 1120 units... not phase 1 alone more than 1000 units...correct me if i'm wrong..
masterelr
post Dec 20 2009, 06:27 PM

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Does anyone know when they will open the other towers for sale? I will only have time to have a look a few months later so I guess I've missed the first two towers.
dream.angels
post Dec 20 2009, 06:48 PM

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phase 2 will be aft CNY, according to d SA...
remaining 3 blocks....
cambede
post Dec 20 2009, 10:26 PM

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I might want to release my unit at Level 14, Tower 2, East facing, S. Thinking hard....
limwc78
post Dec 20 2009, 11:49 PM

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yes misnail, so actually i will only tell them i sign on saturday 26th. Because i got high commimment and too risky to sign. If loan not approve and after sign it. They will deduct around RM 1,879 charges. This is what i am not satisfied. I thing they few giving 4 and half year interest a bit more. So try to get back some unit together sale on next launch.
AbangCorp
post Dec 21 2009, 01:01 AM

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QUOTE(limwc78 @ Dec 20 2009, 11:49 PM)
yes misnail, so actually i will only tell them i sign on saturday 26th. Because i got high commimment and too risky to sign. If loan not approve and after sign it. They will deduct around RM 1,879 charges. This is what i am not satisfied. I thing they few giving 4 and half year interest a bit more. So try to get back some unit together sale on next launch.
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dear all buyer

i know ppl, have bought the unit

presume 70% non bumi chinese and indian
30% bumi malay + aborigines

1 - progress so far

i heard that there is no sign board on given plane of land
but have there any earth work started yet
surveying etc

my father is an engineer, he seems to be more knowledgable
but i will try

2 - what is peter holdings track record

why is 1120 park avenue sdn bhd, what is the connection to peter's holding
bidding, won contract... hmmh

i see we miss this thing in the process, we discuss more about how to satisfy the company
loan approve and sign snp

but if they cabut just like that it will be even more painful having 10% thrown to them
if lambat siap not so la... if abandoned.... very painful

3 - loan arrangement

i heard no need to pay anything until unit completed with cf / key received (snp 3 year or 36 month)
another 18 month or 1 n half yr 7.5% paid by developer

bank selected - what is their source of income then
if they have so much money - why there is not even a progress

is there any different between one and another lawyer & banks


i heard
scb
pbb
uob


(5 banks cannot remember) only to enjoys the campaign


sorry for being so pesimistic - but liars a too many nowadays
i hope what i want to bring to all of you is confidence


Added on December 21, 2009, 1:35 ammy quick findings with my best friend www.google.com

http://www.malaysiapropertynews.com/2008/0...up-rm1b-kl.html

http://biz.thestar.com.my/news/story.asp?f...68&sec=business

http://www.metrohomes.com/appmain/hminfo/i...on=projecttrack

This post has been edited by AbangCorp: Dec 21 2009, 01:35 AM
yhlee12
post Dec 21 2009, 09:10 AM

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the whole project is being built on an ex-mining land.
early this yr the whole site area is still a mining pond. when i pass by yesterday i noticed a lot of those area are no longer filled with water.

they even diverted the water from the pond into the large drain beside the site area (quite some time ago).

i believe it takes a very long time to complete the ground work because it's ex-mining land. expected completion date of 2013 makes sense.

when the piling is up, the rest of the building will be very fast.
limwc78
post Dec 21 2009, 09:16 AM

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yes they mention the project complete on dec 2013. Mean until now is still have 4 years. They mention 4.5 year free interest. If they start building now. after complete only 0.5 years free interest rather then they say after completion still have 1.5 years. Or they will start work on dec 2010, so can they complete on time. But they haven;t do any piling yet, but why we need to pay 10%. Many question need to ask them.
dream.angels
post Dec 21 2009, 10:33 AM

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QUOTE(AbangCorp @ Dec 21 2009, 01:01 AM)
3 - loan arrangement

i heard no need to pay anything until unit completed with cf / key received (snp 3 year or 36 month)
another 18 month or 1 n half yr 7.5% paid by developer

bank selected - what is their source of income then
if they have so much money - why there is not even a progress

is there any different between one and another lawyer & banks
i heard
scb
pbb
uob
(5 banks cannot remember) only to enjoys the campaign
sorry for being so pesimistic - but liars a too many nowadays
i hope what i want to bring to all of you is confidence
*
errr... i tot bank is not d one coming out wif d money..
developer is paying for d interest.. for 1st 3 yrs, during construction...
then thereafter, 18 mths, 7.5% is given to owners..
then owners will use this to serve as bank installment.. or other things...
isn't it so... ?

This post has been edited by dream.angels: Dec 21 2009, 11:04 AM
ausmat
post Dec 21 2009, 11:09 AM

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QUOTE(limwc78 @ Dec 21 2009, 09:16 AM)
yes they mention the project complete on dec 2013. Mean until now is still have 4 years. They mention 4.5 year free interest. If they start building now. after complete only 0.5 years free interest rather then they say after completion still have 1.5 years. Or they will start work on dec 2010, so can they complete on time. But they haven;t do any piling yet, but why we need to pay 10%. Many question need to ask them.
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After checking with developer, the whole project completion is on Dec 2013 (this include phase 1 and 2).

For phase 1, the completion will be on Jan 2013 (estimated) .

If you tent to go to the site, you can see there are some big machine is starting doing something, I belive it just site clearing.
gstrapinuse
post Dec 21 2009, 11:25 AM

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I asked them last week and they told me they've already done the earthwork.

I checked with Jabatan perumahan, they told me once the construction has started only they will put the signboard.If not, no need to put 1st.They are gonna start the construction after CNY.
limwc78
post Dec 21 2009, 11:26 AM

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hi ausmat,

thanks for clarify, if the phase 1 completed can we move in? I think cannot because it mention the whole project complete on dec 2013. So we still have to wait until end of dec 2013 only can get CF. It means after completed only 6 months free interest. So I am sure phase 2 no more 4.5 free interest offer.


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