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Investment SETAPAK GREEN RESIDENCES by UOA, Your Enclave for Refresh Living

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hidden830726
post Oct 18 2010, 02:23 PM

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QUOTE(babylabbit @ Oct 18 2010, 02:12 PM)
550-600k ? that is the cost of today for entry level of SG or 288
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Sorry for the confusion, i mean 550 - 600k of reselling value, not developer selling price.
webby88
post Oct 18 2010, 03:30 PM

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QUOTE(hidden830726 @ Oct 18 2010, 12:21 PM)

Are they gonna widening the road / entrance lead to the area, i read somewhere in this post, there gonna be another new entrance. 550 - 600k is definitely possible. Setapak is going through a boom in development. Mark my word :-)
I don't think SG will have another new entrance though in artist impression it was shown as a small gate. However, the SA of UOA is very tightlipped when I query about this. It looks like a back or emergency entrance/exit. In fact most condo do not have 2 entrances/exits due to higher costs in security as well.

Great to see you are optimistic about the property value in Setapak. In fact, for new luxurious condo development within 10km from KL city, I believe it will breached the 500psf sooner than later. At this point, need to see if UOA can deliver some luxury to SG.



ngkf
post Oct 18 2010, 05:19 PM

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it would be ease some traffic if the 2nd gate is open. may be they can set the open time, say from morning to 10pm something like that.


Added on October 18, 2010, 5:22 pmQuestion: Is it norm that nowadys banks do not bear or absorb legal fee & stamp duty on loan agreements?

I thought it is quite competitive for banks to secure housing mortgage. I used to have zero entry for bank loans.

Called one of SG bank panel, CIMB - loan arrangements btw UOA and banks not finalised yet. But it looks more like buyers will need to bear the legal fee & stamp duty on loan agreements.

This post has been edited by ngkf: Oct 18 2010, 05:22 PM
hidden830726
post Oct 18 2010, 05:28 PM

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QUOTE(ngkf @ Oct 18 2010, 05:19 PM)
it would be ease some traffic if the 2nd gate is open. may be they can set the open time, say from morning to 10pm something like that.


Added on October 18, 2010, 5:22 pmQuestion: Is it norm that nowadys banks do not bear or absorb legal fee & stamp duty on loan agreements?

I thought it is quite competitive for banks to secure housing mortgage. I used to have zero entry for bank loans.

Called one of SG bank panel, CIMB - loan arrangements btw UOA and banks not finalised yet. But it looks more like buyers will need to bear the legal fee & stamp duty on loan agreements.
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so, confirmed CIMB = UOA panel? ya need to pay, can "discuss"?
TScybertechmkteo
post Oct 18 2010, 05:34 PM

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ok will try to compile and summarize all the pro/con fact and edit the 1st page

yesterday i went bangsarsouth kepoh again...
guess wat
KLCC view almost all gone except 1st floor

Genting VIew????

BYK!!!!! ask them got any progress? Answer = APA PUN TARAK

so i ask my SA back....

RM10k... sikarang hor... bank interest hor 2.5% hor... so u took our 10k hor go park 3 months

so hor RM10k 1 year = RM250 so 3 months = RM62.5 gone leow for interest.... apa boleh bikin???? can treat 1 meal or not or free 1 more access card????

answer = SMILE only....

GRRRRRRR!!! geram ah~!
hidden830726
post Oct 18 2010, 05:44 PM

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haha. ask them to use the RM62.5 times X unit pre booked money to improve the project la, give more value for money.

wait till they offer more discount for those Genting "klang" view, go snap another one lo. i cant afford already, but if u can, why not? if u know what u are doing thumbup.gif

This post has been edited by hidden830726: Oct 18 2010, 06:12 PM
ngkf
post Oct 18 2010, 05:52 PM

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a week time after soft launch they take down the prices on the board, just like what 288 is doing. possibly increasing price base while still say giving 7% discount.

take up rate may go up after getting advertising permit and do mass advertisement.


Added on October 18, 2010, 5:54 pmat least 4 panel banks quoted by them - cimb, uoa, ambank, ??. Two Bank reps were present at the day of preview Oct 10.

This post has been edited by ngkf: Oct 18 2010, 05:54 PM
wooda
post Oct 18 2010, 06:32 PM

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QUOTE(hidden830726 @ Oct 18 2010, 01:55 PM)
After looking at the google map, i say possible, but it depends to SG layout, which we are not sure yet.

Close up Sg & 288 - Google Map
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Sounds like SG is a better buy for a clear view of KLCC. Too bad for PS II buyers whom will be losing their view of KLCC soon. Since both projects are by UOA, I wonder if they are considerate enough not to block the KLCC view of PS II hmm.gif
TScybertechmkteo
post Oct 18 2010, 06:50 PM

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Difficult la Wooda.
webby88
post Oct 18 2010, 08:45 PM

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QUOTE(cybertechmkteo @ Oct 18 2010, 05:34 PM)
ok will try to compile and summarize all the pro/con fact and edit the 1st page

very good.

This site seems to have the most comprehensive information about Setapak Green and 222/288.

Please make comparison between the 2 projects as well.


hidden830726
post Oct 18 2010, 09:57 PM

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Need more confirmation.. More argument, more comment, more suggestion, and more SMILEY :-)
webby88
post Oct 18 2010, 10:03 PM

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QUOTE(hidden830726 @ Oct 18 2010, 09:57 PM)
Need more confirmation.. More argument, more comment, more suggestion, and more SMILEY :-)
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Confirmation only December lar.....!!! Now only speculation.
Cannon1314
post Oct 18 2010, 11:37 PM

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hidden830726 hi,what floor you both ?i just only booking in last 2day...hehe
penn
post Oct 18 2010, 11:40 PM

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So KLCC view is the better choice?
hmm.... another RM50K.
webby88
post Oct 18 2010, 11:58 PM

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QUOTE(penn @ Oct 18 2010, 11:40 PM)
So KLCC view is the better choice?
hmm.... another RM50K.
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why rm50K?
penn
post Oct 19 2010, 12:06 AM

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QUOTE(webby88 @ Oct 18 2010, 11:58 PM)
why rm50K?
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coz no more low floor ma. gombak view stil got lower floor to chose. biggrin.gif

webby88
post Oct 19 2010, 12:09 AM

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QUOTE(penn @ Oct 19 2010, 12:06 AM)
coz no more low floor ma. gombak view stil got lower floor to chose.  biggrin.gif
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anyone knows if the prices are still the same as when the preview started?
hidden830726
post Oct 19 2010, 01:00 AM

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personally, i think klcc view are overrated. mine below 10 floor


Added on October 19, 2010, 1:08 am
QUOTE(carlhoe @ Oct 18 2010, 11:32 PM)
frankly speaking i have just bought a unit near mont kiara with delivering roughly same package as given by 288. so i think SG might be not in the right way to approach the buyer as almost all buyer looking for something with lower capital cost. In fact, even those so called 'free stuff' is included in the mark up, is good to us that we could sell the house later on based on the higher mark up in our s&p, rigth?
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yup, the selling price in 288 S&P is the price before discount right? so selling price higher, therefore resell value going to be higher right?

SG, S&P price, = selling price - discount, is it better or no good compare 288? (Edit: Sg to 288, typo)

Or my above understanding is wrong?

This post has been edited by hidden830726: Oct 19 2010, 02:07 AM
ngkf
post Oct 19 2010, 01:33 AM

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QUOTE(webby88 @ Oct 19 2010, 12:09 AM)
anyone knows if the prices are still the same as when the preview started?
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I tested one unit last sat and seems the same price still. with price not on the board now, uoa is free to adjust the prices at their will and based on take up rate secured.


Added on October 19, 2010, 1:38 am
QUOTE(hidden830726 @ Oct 19 2010, 01:00 AM)
personally, i think klcc view are overrated. mine below 10 floor


Added on October 19, 2010, 1:08 am

yup, the selling price in 288 S&P is the price before discount right? so selling price higher, therefore resell value going to be higher right?

SG, S&P price, = selling price - discount, is it better or no good compare Sg?

Or my above understanding is wrong?
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my view is, a discount/rebate outside S&P is quite common and mainly to enable buyer to secure higher margin of bank financing and minimise the downpayment needed from buyers. I dont think mark up the S&P price will help pushing the price as buyers value the house by market value / sq ft.

giving 288 is of higher price, rebate outside S&P will help buyers to folk out less money. UOA SG discount is net of S&P price. may be better corporate governance given uoa is a listed co in au? hmm.gif

This post has been edited by ngkf: Oct 19 2010, 01:38 AM
webby88
post Oct 19 2010, 02:47 AM

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QUOTE(hidden830726 @ Oct 19 2010, 01:00 AM)


yup, the selling price in 288 S&P is the price before discount right? so selling price higher, therefore resell value going to be higher right?

SG, S&P price, = selling price - discount, is it better or no good compare 288?

Or my above understanding is wrong?
Given the close proximity of SG and 288, the ultimate resale value would depends on the final delivery of the product such as:

1. Which built quality is better such as finishing and workmanship?
2. What furnishing comes with the units?
3. What facilities available and the ambiance of the surrounding?
4. Which gives a better luxury feel such as the lobby design?
5. How many parking comes with the units?
6. The maintenance quality and charges
7. Access to the units? If SG got 2 access points then slightly better.

Right now, nothing to compare as SG has nothing confirmed except for 2 carparks.

What happen if SG provides a show unit with finishing that is far from 288? Immediately, one will bet that the resale value of 288 is better. The buyers will probably feel shortchange. Anyway just an "if" scenario but a point to ponder.



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