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USJ One Park - Riverdale @ USJ1, usj 1 park
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user1984
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Jul 8 2012, 11:09 AM
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Getting Started

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this project launched 2010 and until now the construction of the condo is only upto car park level??? when was the s&p signed?
if this is true, luckily not vested into this few years back, if not really loosing time/money...
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user1984
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Jul 8 2012, 12:35 PM
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Getting Started

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QUOTE(Chris Chew @ Jul 8 2012, 11:46 AM) Any idea y so slow??? Almost forget got such building in USJ, aside the landed which almost can complete dy. i saw the progress from the last posting attached photo...no idea y it is sooo slow...pity to the investor...
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user1984
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Jul 22 2012, 11:50 AM
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Getting Started

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for this prop, if it could not complete in the year of 2013, it is a big lost to the investor...unless it could appreciate more than 100% upon vp assuming it vp at the year of 2015...
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user1984
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Jul 22 2012, 12:14 PM
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Getting Started

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QUOTE(1282009 @ Jul 22 2012, 12:00 PM) LAD?  wat lad has to do with the lost? dun confuse ppl la...
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user1984
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Jul 22 2012, 12:29 PM
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Getting Started

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QUOTE(Chris Chew @ Jul 22 2012, 12:17 PM) When was this launched price???? 2010 or?? yes, it was launched at the year of 2010...and until now is only up to car park level...
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user1984
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Jul 22 2012, 01:38 PM
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Getting Started

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QUOTE(Fujixerox @ Jul 22 2012, 01:18 PM) When was purchaser start signing the spa? if want to consider gain/lost, i would only concern about the launching date, but not s&p date because we need to place booking fees and applying loan upon placing booking during launching...
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user1984
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Jul 22 2012, 04:13 PM
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Getting Started

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QUOTE(Fujixerox @ Jul 22 2012, 02:26 PM) Booking fee was minimal in this investment to book the property, around 1k if not mistaken. After applying loan, no loan will be realesed until you sign the s&p. Launching date can be long way before s&p signing as some developer yet to get all the authority's approval. thus, cant proceed with s&p agreement. Yet, why are you so concern on the launching date? And what is the losses other than the 1k booking fee? You only lost 1k bank interest. Just dont understand on your statement.  Added on July 22, 2012, 2:35 pmWhat 1282009 meant was LAD compensation to purchaser if late delivery. This to compensate the losses. Off course we dont know whether the developer is gentlemen enough to honour the LAD as per s&p agreement. Nothing confusing. u cant understand simply because u r not a heavy investor... This post has been edited by user1984: Jul 22 2012, 04:38 PM
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user1984
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Jul 22 2012, 05:02 PM
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Getting Started

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QUOTE(Fujixerox @ Jul 22 2012, 04:56 PM) Earlier you was talking on gain or losses. And now its about maximum gain. How do you know if you are getting max gain of the property you invested, unless until the property completed and VPed. And only if you manage to spot the property with the best capital appreciation upon VP. And you can always cancell the booking if you found a better deal. Nothing stopping you from looking for another property, until you sign the s&p. if i can have an opportunity to gain 100k but now i only gain 50k, then it is obviously shown that i have lost 50k...simple as that... property investment is not a gamble...if u think it is, then u should go genting better... This post has been edited by user1984: Jul 22 2012, 05:11 PM
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user1984
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Jul 22 2012, 05:13 PM
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Getting Started

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QUOTE(Fujixerox @ Jul 22 2012, 05:07 PM) Sure i dont understand. But then i do understand that max nos of flips dont gurantee max gain. Choosing the right property is the most important. Hope you understand this. of course nothing is guranteed...but still, it is not a gamble and it is able to be managed and controled...u had mentioned that choosing the right prop is the most important...i very agree with that...but have u realise that if u dun even qualify to get loan to buy the prop, what is the point of choosing the right prop? no one can gurantee the second prop that i buy can give profit or not, but one thing for sure is im given opportunity to gain money...the delay of the condo will defenitely confiscate the opportunity of the investor to earn moey...one more thing, investment is all about opportunity... Added on July 22, 2012, 5:17 pmQUOTE(1282009 @ Jul 22 2012, 04:55 PM) I think he might mean the loan perspective. 3rd prop subject to ltv70% if that prop is late in VP and can't be disposed off. I guess this is the risk flipper needs to take. For medium/long term investors, the concern is lesser (provided developer honors LAD). Just my opinion only, I might be wrong and hope not to confuse anyone (again). for long term investor also is big concern...for example if u r going to rent out yr prop, after compete the prop, the rental will become a part of income to enhance yr financial and qualification to buy another prop... This post has been edited by user1984: Jul 22 2012, 05:29 PM
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user1984
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Jul 22 2012, 05:29 PM
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Getting Started

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QUOTE(Fujixerox @ Jul 22 2012, 05:24 PM) Im not really heavy investor. So far only have 7 residential and 1 shop lot investment. Im supprise...
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user1984
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Jul 22 2012, 05:48 PM
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Getting Started

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QUOTE(Fujixerox @ Jul 22 2012, 05:38 PM) No surprise. I dont believe in quantity, i believe in quality. im not supprising the quantity that u had bought...just supprise that even u had bought 8 props but still dun really understand wat im trying to say... from current market, it shows that quantity is a big concern...have u realise the book title of faizul ridzuan?
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user1984
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Jul 22 2012, 06:58 PM
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Getting Started

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QUOTE(Fujixerox @ Jul 22 2012, 06:38 PM) Thats where you are confused  . now i realise i should not give my earlier opinions...so wasted...
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