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Investment EVE SUITE @ ARA DAMANSARA [OWNERS' THREAD], New York Soho Concept + LRT Integration

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RomaNce
post Nov 4 2011, 08:55 PM

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QUOTE(blackJax @ Nov 4 2011, 02:11 PM)
update: 4nov

[attachmentid=2518742]
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The land is huge. Going to be big problem for the whole area. Crimson has 1200 units, diaman ria has about 400 units. Eve has 800 units? Crimson and diaman ria will have 2 cars per household x 1600 units = 3200 units. Eve 800 cars or 1600 cars ? Estimated 5000 cars per day going to share the small little road for these three condos. In and out will be 10k trips per days. Estimated car from mega mas and mayang maybe about another 1k to come into this area for lrt. Can the road and tunnel quality sustain? One Malaysia road quality always the best with holes and bumps. Can the little one land road each side sustain? If some cars park at road side to drop off or pick up or waiting for 2min per car, will the road jam up?

Where is the entrance and exit of eve, can eve residence come out during jam or all the way stuck in eve car park?

The best business maybe selling fruits or drinks at the road side because going to have a lot of cars passing by super slowly . Goreng banana also ok.

RomaNce
post Nov 5 2011, 06:26 PM

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QUOTE(clanzkiller @ Nov 5 2011, 01:30 PM)
Off topic.. Yeah f**k Malaysia government for road department. Just drove into a hole in damansara, the flyover bridge comming down from bandar utama. And my rim dented badly. Can we ask compesation from them since if we knock on gov property like divider, lamp post, we kena saman. The answer is no. Can we submit to lhdn and minus from the income tax? No. And we can't do shit but to use our hard earn money to repair/change. In the meantime they still collecting roadtax, income tax from us like no one business.

So sorry off topic, but the point is that, yeah Malaysia road DO NOT HAVE THE QUALITY at all to sustain high traffic. It easily worn and become a pathhole.
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Yes, I kena before and changed my four rims. Local government collecting taxes but dunno where to spend, no improvement at all. Overseas, we can claim the government even fall down due to something on the road. Malaysia government always boleh, only boleh take free money from the public.

RomaNce
post Nov 6 2011, 02:08 AM

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QUOTE(clanzkiller @ Nov 5 2011, 07:53 PM)
Mine front and back kena..Front very bad, back still ok...
if were to buy new one, it cost around 2k per piece...so 2x2k = 4k, just because of 1 hole..

Rim can't be wear and tear, so it should be able to claim from gov, at least minus from income tax is more than enough. Cause is their fault that causes that. But instead of that, they blame of for reckless driving, less concentration. If reckless driving, i might have bang the car beside just because of avoiding that f**king hole.
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Last time i change 4 rims cost me RM 8k if not mistaken!! what to do, this is Malaysia mah. No wonder your name clanzkiller...kill those guy!
RomaNce
post Nov 27 2011, 02:01 AM

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QUOTE(nwc4754 @ Nov 27 2011, 01:14 AM)
today i purpose travel from johor to kl because of looking property that suitable for invest of stay in future. I go to review residency 288 and setapak green at setapak. Size for both unit is about 1400sqft. Selling price before discount is 630 to 648k. Then visit icon city, price is about 727k for 767sqft.

Last follow by eve suit. I bought a unit with selling price of about 422k without reading anything from forum and research. just realize the actual LRT station is not directly from the link bridge. Is tha true?

I choose facing swimming pool for unit 08. because hope not block by the opposite condo. I think still will block by the condo. Anyway, that not my concern. As long as it is not facing nkve then consider good. Last time i stay at suria damansara, the window is facing nkve, it is damp noisy ever at level 14. But 08 is quite close to the LRT line and road. I prefer hot than noisy, so i have choose facing pool view.

at least im not fall into very big commitment such as icon city, setapak green or residenz 288. Hopefully it will success.

I like the studio very much as no need to worry and search for designer.

Heard that can only borrow 85% only due to commercial land. Actually what is the different between commercial land and residential land? SA say that still can proceed to pay 10% only after include discount 5%. Remaining 5% can be paid after foundation complete. But i think something not correct. I think i can let the bank to disburse the money to developer so that my lock in period can kick start early. then the remaining 5% required to pay by buyer can pay at the last stage of the project. Anyone can advise on this? Logic thinking i think it is possible. However, SA say it have to be after the piling stage completed.

Saw there is so many ppl comment that this project will failed. A bit worry.
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Hard to rent.....to stay is ok if do not mind no spare room and super jam....hopefully can be completed too...if not spoil all condo nearby too...
RomaNce
post Dec 2 2011, 02:23 PM

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Alll free detail for agent , no need to get listing just copy from here.

RomaNce
post Dec 4 2011, 12:36 AM

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Mean those people already make money and runway then whoever can't sell now will suffer the installment later. If people keep selling now and trying to let go earlier mean later someone will start to throw price. Once the building completed, the value maybe lower. This happened to one of the condo nearby that area which caused the value of the condo drop.

RomaNce
post Dec 4 2011, 01:24 PM

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QUOTE(clanzkiller @ Dec 4 2011, 12:48 AM)
I don't think they will suffer from the installment cause they never apply loan at all. They do not have the intention to sign the SPA, while just waiting for it to rise and paper gain and sell masuk pocket ciaoo...
They didn't make any money if they fail to transfer to the new buyer. So if they fail to do so, developer usually have the rights to terminate and forfeit their booking fee, provided with sufficient legal notice. However, of course it applied to the status of the previous buyer. Who dare to terminate director's unit? Lol....

I don't think ppl will throw price that heavily as if the transfer is done and the payment is make to the developer. Sometimes there are r&r that no matter what, the transfer price written for the new buyer must match developer price in terms of per sqft. And, alot more........hehehehhe
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If they can't sell, they will sell as lower price, even lower than initial price as long as they make little gain better than nothing. This happened to one of the unit I bought nearby. Initially talked about lrt then price up few yrs back, I bought about 200k. Then no more lrt and all sold out only left those directors or developers unit, they just throw it out no matter what price, they old at 160k only. Why they do that? Because these units are those they no need to pay down payment and no spa at all, just free money into their pocket.
Economy is not so good, many new condos coming up, bank negara tightening loan rules and regulation, hard for new buyers to go in, throwing price and selling fast make a quick buck is the solution.
RomaNce
post Dec 5 2011, 08:40 AM

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QUOTE(nwc4754 @ Dec 5 2011, 08:06 AM)
The condo you bought is Suria damansara condo?

That mean now eve suite is quite expensive now?

Early bird get 2 packing somemore. Now only 1 packing space.
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No comment for the name of the condo.

Yes, Eve Suites is very expensive in term of per sqf price and initial investment cost. Crimson first hand buyer >RM100k. Crimson now Rm280k.....Eve Suites Rm400k. Crimson is only 7-9 yrs old free hold.

Why Eve now providing only 1 car park? Maybe they keep the car park to rent to those commuters..
RomaNce
post Dec 5 2011, 10:56 PM

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QUOTE(nwc4754 @ Dec 5 2011, 09:03 PM)
Yes. That is interesting...8 years later don't know what is the price for eve suite
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Crimson three rooms rm 1200 max small unit , big unit max 1500 three rooms. Eve suites if one room can rent 2200 I salute. Mean the person rent eve suites must have salary rm7000 and net rm5500. With this salary deduct car installment 1500 and rental rm 2200 left rm1800 for makan and normal expenses. Rm7000 salary either is manager level or high rank listed comp exec......if this level of people, they good in management and calculation, are they going to rent rm2200 or purchase their own house? How many of this level of people in the market compared to normal exec who can afford to rent rm1000?


Added on December 5, 2011, 11:04 pm
QUOTE(nwc4754 @ Dec 5 2011, 09:03 PM)
Yes. That is interesting...8 years later don't know what is the price for eve suite
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Interesting question. Can u hold it for 8years. If u rent max rm1500 per month. Installment plus maintenance rm 2000. Total extra pay out rm500 per month or rm 6k per year. 8yrs will be rm48k. If 8 yrs time, eve suites can fetch 500k ? Mean rm 850 per sqf. If eve suites can fetch rm 500k, crimson sure can fetch rm 450k because 3rooms. Which if worth to buy if crimson selling rm 280k now only.

If economy down turn, eve or crimson will face it first? The more expensive unit and higher rental per room unit definitely will face it first.

Just my opinion.


This post has been edited by RomaNce: Dec 5 2011, 11:04 PM
RomaNce
post Dec 6 2011, 09:46 AM

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QUOTE(ukuan @ Dec 6 2011, 08:59 AM)
Yes yes, Im the owner for D'Aman Ria. Just successfully sold my unit (1131 sqft) for RM388K partial furnish. For me, Eve is a bit tough if you want it as an investment. If for own stay, still consider ok because of the designer interior concept.
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Fully agreed.
RomaNce
post Dec 8 2011, 12:28 AM

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If sign SPA without bank loan approved mean must pay your own money.

Bank nowadays hard to approve because of the new BNM rules and regulations. Bank trying to drag through Jan 2012 then talk about the new rules.
RomaNce
post Dec 19 2011, 07:18 PM

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QUOTE(ck ng @ Dec 19 2011, 05:10 PM)
better to wait until loan approved. If you sign spa and loan not approved, then you need to fork out cash to pay the balance sum


Added on December 19, 2011, 5:17 pmdoes anyone sign a letter from developer mentioned that  AFTER purchaser obtain keys, purchaser has to give developer 3 months time to furnish the unit and purchaser are not allow to move in?
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Wow, developer paying for the 3 months installment?

RomaNce
post Dec 21 2011, 11:05 AM

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QUOTE(ck ng @ Dec 21 2011, 10:10 AM)
I hope so, but it is not. in other words after purchaser collect the keys, purchaser has to give 3 months "renovation period"  to the developer to furnish the unit.  off course purchaser has to serve bank loan and pay service charges for these 3 months.

other buyers know about this?


Added on December 21, 2011, 10:13 am
The architect will approved the progress of construction, pls refer to the schedule payment at the back of spa. it shows the % of payment need to be paid at certain stages of construction.

developer will sent letter to claim for the payment from you or your bank with attached certified copy from his architect.
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Hahahaha developer damn clever. The reno period suppose by developer as unit is not ready. 3 months mean RM 6k fly away. The 4th month start to rent mean another 2k fly away. 5th month can rent still ok, if 5th and 6th cant rent out mean owner have to standby RM2k x 6 months = RM12k for the empty unit.

sweat.gif rclxub.gif

This post has been edited by RomaNce: Dec 21 2011, 11:08 AM
RomaNce
post Dec 23 2011, 01:05 PM

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QUOTE(katijar @ Dec 21 2011, 01:19 PM)
3 months renovation? why need so long?


Added on December 21, 2011, 1:20 pm
nowadays the young professional who rent are rich and dumb too... i guess.
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Agreed. Properties price are coming down. Few area I targeting selling with cheaper price now....those who buy with the high price at the peak will face problem soon.

RomaNce
post Dec 23 2011, 08:08 PM

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QUOTE(katijar @ Dec 23 2011, 01:12 PM)
which areas?
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Kelana idaman, mk, bangsar, pj not too many but will be soon

RomaNce
post Dec 24 2011, 10:27 PM

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QUOTE(puchongite @ Dec 23 2011, 09:28 PM)
If I may make a guess, I think you are referring to the higher end of Kelana Idaman, then all the 3 locations you mentioned are in the same category.

And it is also logical, the higher end property gets hit first.
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Not really. medium and lower end units. Higher end units are already stagnant few months ago. I just bought one unit Subsale at kelana idaman....I feel quite a fair bargain.

This post has been edited by RomaNce: Dec 24 2011, 10:33 PM
RomaNce
post Jan 7 2012, 11:47 PM

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QUOTE(thunderaj @ Jan 7 2012, 11:44 PM)
Hi bro, 
How much you paying rental at damansara ria?

Tought buying a unit there.
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I remember once Diaman Ria completed many years back, there was a crack on the wall which facing the LRT Deport. They touch up and close it. But crack is still a crack only covered with make up oh....
RomaNce
post Jan 10 2012, 09:03 PM

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Eve suites has been launched since more than a year ago still no piling? Any problem? Pacific place launched at the same time or later already has it LG floors 50% done. Pacific place is much more larger in size.

RomaNce
post Jan 11 2012, 05:13 PM

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QUOTE(clanzkiller @ Jan 10 2012, 11:23 PM)
Eve soft launched on 3q of 2010. Official launched on 2q of 2011.
Pacific soft launched on 3q of 2010. official launched on 1q 2011.
Eve stil have units available on 4q 2011, while pacific place fully sold on 4q 2011.
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Most likely eve facing problem either financially or with the local authority for the project approval. If not, this project should have piling t the moment. Hopefully it won't be the next abandoned project or else cause problem to crimson.

RomaNce
post Jan 17 2012, 08:52 PM

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QUOTE(blackJax @ Jan 17 2012, 06:21 PM)
ya building slow slowly...
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Heard that they facing problem thats why drag on the construction.

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