I hope my calculation is right, he..he..
Apparently there will be 30% reserve for Bumi lot, I dun know how the development is dealing with this, when we booked the 3-storey Superlink in 2010, the SA told me that if depends on the sales of the each and every category, they can shift the 30% to any house, based on my findings,
2 & 2 1/2 storey is 180 units
3 stories is 269 units
2 & 3 storey SD is 264 units
Bungalows is 109 units (likely to change to Semi + bungalow)
Thus total is 822 units.
So 30% of 822 units is 247 units is supposed to reserved for Bumi lot, since 2 & 2 1/2 storey were fully sold, one of the SA told me that they will push all the Bumi lot tagged reserved in link hses,
Unsold 3-storey Superlink = 109 units
Unsold 2 & 3 sty SD = 101 units
Based on what the SA said earlier, they are likely to close the sales campaign as only left 210 units unsold (excluding bungalow). I confirmed with one SA yesterday & the answer is possible that).
Anyone know how these Bumi lot is going to be allocated and manipulated? I know many developers whom receive overwhelming response fr non-bumi buyers will eventually sell all the remaining Bumi units to non-bumi after 1 yr fr the launching date (by appealing to convert the unit fr local authority)

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Added on April 5, 2011, 8:28 amTai Kor, fr the sales model chart, me too feel like bout 80% of Semi-Ds are sold coz at least 2&3 rows of it is still closed for public selection, and judging fr wat they alvailable for selling now, yes it reach 80% already. I think TMS is monitoring very closely the sales everyday, as I say almost no Bumi buyer for KR al all, m not surprise that they will announce in this coming Grand Opening KR this coming Saturday that all their units are fully sold, left on Bumi lot only, and those who is interested, has to queue for release of the Bumi lot later on...wat you think bro?

This post has been edited by UFO-ET: Apr 5 2011, 08:28 AM

I bought from Mahajaya. How about u?

I called MS few weeks back and they said its ready for stamping.
And I called the lawyer few times but he always not in the office

Just wonder did he called you guys about any update & stamping fees.

if your estimation is correct, then non-Bumi will have to rush for the remaining few units.

can anyone confirm with mah sing?

looks like kr is a real steal; transforming bandar kinrara into a real gem.

From Mahajaya as well... I just signed the deed of mutual agreement and MOT 2 weeks ago with some revision that conformed to MS requirement.

For the S&P, it was few months back already. Signed but pending MS action.

Already paid the S&P fees when I signed the S&P under Mahajaya.

Still got no news about the loan agreement and MOT fees...

Now I'm afraid Mah Sing will probably ignore our complaints since their sales is so good. But hopefully they will honor their intention to be a truly premier lifestyle developer.

This project sure spark, very confident!!

i like the confidence ufo-et.

we really need to rally all purchasers to promote kinrara residence.

we should expect the semi-d's to hit rm2.3 mil in 2013 taking into a/c of inflation. let's keep this as a record so that when we look back 2.5 years from today, rm2.3 mil is a reality.

may i ask what is the completed date for the semi d??i thought it is around mid of 2014??3 years from now rite??

cheers!!!

on s&p, yes 2014.

mah sing will try to deliver end-2013, ahead of schedule.

Covillea, you are so bullish! you must be an investor. anyway, i do hope that will happen.

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Added on April 5, 2011, 9:34 pmby the way RM2.3 will be an capital appreciation of almost 80% is that realistic? Wow!

This post has been edited by mrhawk: Apr 5 2011, 09:34 PM

Semi D in Valencia in Sg Buloh, which I believe has similar demograph and appealing factors to Kinrara Residence is selling at RM2.3 a 2.6 mil. However they have a golf course within the development and a much bigger clubhouse. Semi D in Desa Parkcity is about RM3.x mil. So Kinrara Residence does have that growth opportunity, but it will depend on two other factors, which are bank valuation & the underlying strength of our economy.

absolutely correct.

if you look at the boom in puchong, only bandar kinrara/kinrara residence escaped the madness jams!!!

too much development in bandar puteri until people try to stay away.

lakeedge puchong, can't get in & can't get out.

well said. i think generally, both market and the developer would be aware of this fact. This factors would have been priced in by Mahsing. For me if you want an appreciation of 80% you must a have damn solid catalyst which is least expected by developer and buyers.

Honestly i invested a Semi-D at the earliest stage so my entry price is low. hence holding cost and incidental cost is low. Based on observation now, second last row is selling at RM1.5 - 1.6 mil . i would assume the momentum should be slowing down already. buyers are not that stupid they may not have may choices now ie as so far only mahsing provide this features strong name developer, g&g, near forest, back on puchong kinrara boom around that vicinity and at reasonable price. typically, assuming last buy will be at 1.6mil at 30% appreciation upon completion at around 2.0mil will be fair taking into consideration of holding cost & risk of non completion.

one thing i dont like about mahsing is their strategy of sell and run. imagine if mahsing has a another 300 - 400 acres remaining land adjacent to KR which will be developed in the future that will be major catalyst for price appreciation in future.

by the way i disagree that valencia has a similiar demographic with KR. and are there Semi D in DPC? are you talking about sunway SPK?

don't agree.

we're referring to a different class here. not the general mass. if someone wants to pay rm2 mil, he doesn't mind another 300k.

hence rm2.3 mil is reasonable.

2014 & 2015 is predicted to be a critical year in property mkt, we foresee a over supply of apt/condo which may give certain impact on the KV housing price, as at today, no indication of slow down in new launching for condo projects below than 500K, everywhere can see BBB still.

KR future's appreciation is very much deciated by a few factors :-
1. The success of the Taman itself, maintenance of the common facilities is crucial, DPC proved to be a success model
2. LRT - already kick starts in Taman Esplanad / OUG
3. Interchange to Bdr Bkt Jalil - Ho Hup Jalil City
4. The Link road joint to Putra Permai - pending for another development
5. The success of Puchong as CBD, I am monitoring a few indicators projects which may transform the image of Puchong. KR is riding on the success of the development in Puchong enclave.
a. Setia Walk
b. PFCC
c. Intellicity
d. The Wharf (??)
e. Mileania City (??)
f. Jalil City (Bkt Jalil ??)

Setia Walk Setia Walk
PFCC
The Wharf - Bolton
Mileania City - Millennium Land S/B - Hilton Hotel 100 acres mix development

Jalil City - Ho Hup Jalil City

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Added on April 6, 2011, 12:20 pmThe very lucky thing for KR is that Bandar Kinrara dun provide G+G, anything more than 1 million mark, buyers will prefer tight security. Jalil Sutera in Bkt Jalil has been traded 1.2 million - intermediate 23x80 - 2 1/2 storey basic hse.

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Added on April 6, 2011, 12:26 pmJust check with KR SA, they reserve bout 30 units Bumi lot in 2 & 2 1/2 storey link house.
The SA said under Selangor housing rules, all projects are required to reserve 50% for Bumi, developer is allowed to release those 50% stage by stage after official launching, they need to advertise the project in local Malay press 3 times.
1st release - 15% (to non-bumi) - after 3 times advertisement, no response fr the Bumi
2nd release - 10% (to non-bumi) - after 3 times advertisement, no response fr the Bumi
3rd release - 10% (to non-bumi) - after 3 times advertisement, no response fr the Bumi
The remaining 10%-15% Bumi lot has to be carried forward after the CCC, developer then allowed to sell to non-Bumi

This post has been edited by UFO-ET: Apr 6 2011, 12:26 PM

The zero lot bungalow at Esplanade Bukit Jalil is going for RM2.9mil now, with minimal security and no clubhouse & no nice landscape.
Valencia is somewhat near a predominantly high density Chinese area which is Kepong. Kinrara Residence is also near a few high density Chinese area, which are Puchong, Old Klang road & Sri Petaling.
DPC has a semi d phase which is Le Venue, now transacting at 3.xmil. Those Semi D on top of the hill are going for 4.xmil. Sunway SPK Semi D is about 2.5mil now, G&G but no clubhouse facilities, few units, only 4 rows, one row back facing shop, one row facing main road, only two rows facing inside. That's why it's not very appealing.

Main competitors for KR Semi-D could be :

1. Lake Edge (YTL) - Puchong / leasehold G+G club house facilities
2. Sky Ville (IOI) - Puchong / freehold G+G
3. Kinrara Hills (New-Age Portfolio) - Bdr Kinrara / freehold G+G
4. Duta Kinrara (Pilot Group) - Bdr Kinrara / freehold / G+G + lift
5. One Jalil (magna Prima) - Bkt Jalil / freehold / F+G / Zero-Lot Bungalow
6. Oasis (I&P) - Bdr Kinrara / freehold / Golf view

Main competitors for KR Semi-D could be :

1. Lake Edge (YTL) - Puchong / leasehold G+G club house facilities
2. Sky Ville (IOI) - Puchong / freehold G+G
3. Kinrara Hills (New-Age Portfolio) - Bdr Kinrara / freehold G+G
4. Duta Kinrara (Pilot Group) - Bdr Kinrara / freehold / G+G + lift
5. One Jalil (magna Prima) - Bkt Jalil / freehold / F+G / Zero-Lot Bungalow
6. Oasis (I&P) - Bdr Kinrara / freehold / Golf view
7. Alam Sanctuary - Seri Kembangan / leasehold, f&g, bungalow lots launching shortly. bare basic semi-d units selling at rm1.3 mil. no clubhouse but with a 6-acre designer's boutique park & jogging track. the road in front of kinrara residence leads straight to pasar borong selangor (pbs). alam sanctuary is behind pbs.

Alam Sanctuary location, mmm... No comment

I thought so too. but it's only 6 km from entrance of kinrara residence when the road in front of kr is opened-up.

anyway, the next phase of growth is in seri kembangan, i.e. Alam Sanctuary, D'Alpinia, 16 Sierra, etc.

but kinrara residence still has the most strategic location.