TTDI and I&P launch today. The later all sold out by now. Any news on TTDI relaunch status? i&P new super link is 60:40 non bumi vs bumi. Quite balance.

it's irrelevant to talk about bumi-non-bumi proportion it's indeed a good indication that people are moving away from this mentality.

Agree. A modern - mix community is always more favourable!

after CCC, it will end up 90 non bumi 10 bumi, TTDI shd be the same
it happens in new phases in Kota D'sara, Kinrara, Temasya etc
Many Bumi buyers tend to sell if price increase too much

Hi all spira owner,

I just move in to my house at Spira yesterday! Have my first night here and dream sweet too!

Just wondering how is the progress of Unifi Township? When can we have our Unifi? Anyone got idea?

hi welcome neighbor

congrat.......i'm on my way too. Unifi..still under wiring

HI ALL,

SAW A UNIT AT SPIRA END LOT SELLING AT 730K. But i asked few banks and they came back to me with the evaluation of 560K. But agent told me CIMB can offer up to 650K loan. Anyone knows how come this situation occured?

Different valuer different value
I suspect the valuer that gives such a low value is not in the know about TTDI Alam Impian.

650k loan assuming this is 90% of market value, cimb is valuing the house as 722.22k. This is much better. For this situation try to contact bank officers that directly involved with buying/selling of TTDI AI houses. You can find their contact in TTDI AI office. Good luck!

Hi,

Im new to this thread.Anyway i just bought subsale Spira Type A Corner unit for RM790k and the valuation was RM820k from Maybank.

Its impossible for a valuers to valuate lower than the market value.

cheers!

congrats...

May I know which one you bought? What is the lot number?

Welcome! May I know how big is the built-up and the Land area?

if this is the case.since Maybank valuation is higher than the purchase price.Can this be 100% loan if to take it under maybank.

Hamdee, your statement is not correct. At current time, most market value (the value at which people want or willing to sell) is higher than valuer valuation or so-called bank valuation.

Valuation is a more scientific approach which need to be back up by statistic of sales/transaction (at least a few sales case). So for new township, they can only base it on the scientific portion (land size, builtup, freehold/leashold, facilities, orientation, location, etc) while benchmarking against nearest or similar township within the neighbourhood. in this case, they might benchmark against Alam Impian by I&P as more transaction had been done.

Theoritically, the difference between valuation should be quite close to market value. But in reality or practically, the difference could be much bigger. During property boom, most of the time, the market value rise faster than the valuation can catch up.

What is important is the value that you see because the valuation from bank can only proivde you with a rough idea of the so-called market rate (assuming matured township) and the market price is practically the price that the market/seller is demanding (whether it is reasonable or not, that is another thing all together).

This post has been edited by spydermind: Jul 26 2011, 12:45 PM

hehehe

Value vs Price

This sums things up nicely. Individual valuation system, differing but yet most useful.

Went to view Spira and canting 2 last sunday, IMHO InP canting built quality and design so much better and cheaper too.

I have to agree with you on that Canting build quality was great with good fittings. Not sure about TTDI in general as there were no show house open as yet.

Any idea if the Viola showhouse open to public? Anyone been to the showhouse before?

Also, i would like to check with current owners of TTDI AI, Anyone knows when will individual title be released (together with when payment of MOT be done) ? I'll estimate the costs to be about 12k i see for MOT.

Also, do you have your original SPA with you or they are handed over to the bank as securities document?

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Added on July 26, 2011, 11:09 pmCongratulation .May i know what is the size and build up and extra land . just wanted to compare the sub sales price. and which road.

Not truth that CIMB bank alue higher. i have been asking few bank for corner lot at RM 820k but most of the bank value at RM 700k to RM 750 k only.( Public Bank, HL Bank Cimb )

This post has been edited by lucky2: Jul 26 2011, 11:14 PM

Spydermind,

Before we decided to buy the unit we made several Q&A with the developer and our banker. Our banker suggested that we call down the valuers to valuate the property. Taking into considerations of certain aspect of the unit (bare unit,current launched price on new unit by developer,land area,land tenure,location and facilities), the valuers came out with a valuation nothing more than rm820k.

We scout few corner units and we got the best price and best location for us.My wife like it very much of the unit although at first we wanted 24x75 intermediate unit (not sure what type) but the owner wanted to sell for RM830k hence we opted for a corner unit with a lesser price.

My advice to perspective buyers to hire a valuers and with the valuation report the bank will have a benchmark or rather price indication/market value of the unit who are interested to buy.Btw,my banker paid for my valuers since i took the loan from them.

No we didnt opt for 100% financing..

Cant remember what is the unit number. After the guardhouse turn left and all the way straight and on your left..will update u the unit number when i go there again this weekend..all documents with the agent/lawyer/banker..

Built-Up - 1870 (20x70)
Land Area - 2864
Type - A

This post has been edited by hamdee72: Jul 27 2011, 12:20 AM