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Investment Nadayu 92, Nadayu 92, anyone buying?

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AMINT
post Apr 18 2013, 12:48 AM

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QUOTE(Chris Chew @ Apr 18 2013, 12:41 AM)
Wah, boss, all great home with own concept, but all much different location ...

If own stay, I picks Desa Park City without a doubt. Indeed, I like the development of Setia Eco Glades as well but too bad located at Cyberjaya, and I always prefer Gamuda Land's product, Jade Hill if not Botanic serie.
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Yeah if u ask me, can get these concept but near subang jaya, kota kemuning = my pick. Unfortunately, i can only dream that. Setia eco glades is great but honestly the i am a bit worried of the land there. Nusaputra already experiencing land sinking, the bridge near selangor science park also collapsed. Setia glades is not far away. Malaysia got 3 main problems: land sink, flood and landslide.
AMINT
post Apr 18 2013, 11:13 AM

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QUOTE(paul76 @ Apr 18 2013, 10:12 AM)
Had the same problem as well. i was looking at alam impian (mostly subsales), Cyberjaya's symphony hills and Garden Residence and sierra 16. never had N92 on my list and never imagined Kajang as my home but here i am. Still cannot imagine living in kajang but i guess it will fall in place soon.

if u guys are interested to invest pls look at Mozart @ Symphony hills. Mostly within the range of 1.3 m but comes with a 10% disc (17% if ur bumi) and zero entry for loan and s&p. U just pay nothing for now and can flip it once completed. nice place although its on the higher side in terms of pricing and i think cyberjaya is still a taboo for most investors.
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Alam Impian. These people bought at around RM0.9 mil to RM1mil during launch. Pentas 1.

http://m.mudah.my/view?q=Pentas&cg=2040&ca...&ad_id=20824266

http://m.mudah.my/view?q=Pentas&cg=2040&ca...&ad_id=20863852

And I am not just saying this coz I am vested in it. tongue.gif Anyway 2 new townships which have shopping malls near Alam Impian/Kota Kemuning:

1) Dijaya development (canal city)
2) IJM development (bandar rimbayu)

Also not forgetting the West Coast Highway that will pass through all of these.

This post has been edited by AMINT: Apr 18 2013, 11:15 AM
AMINT
post Apr 18 2013, 11:40 AM

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QUOTE(paul76 @ Apr 18 2013, 11:37 AM)
oh yea the last i checked a few months ago the developers were still selling the devs unit for pentas 3. 800k plus and they are waiting to release it soon to non bumis . if u have mo money then its a good buy.
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Pentas 3 left corner units only now. I think 2 units only if not mistaken.
AMINT
post Apr 18 2013, 11:41 AM

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QUOTE(paul76 @ Apr 18 2013, 11:34 AM)
Most asking prices in Alam impian cannot match the bank's valuation. it needs more time. 500k upon completion is a little ambitious.

Rimbayu is nice but more than 3000 ppl turned out for d balloting and only 150 + non bumi lots were released for sale due to 50% quota for bumi and the rest taken up by ijm employees. my guess is more than 80% out of the 3000 ppl are investors. So rakyat biasa merana la.
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Rimbayu = many investors. Alam Impian may have more own stayers. Let me check again with my valuer once VP on the valuation.
AMINT
post Apr 19 2013, 11:36 PM

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QUOTE(Pezu @ Apr 19 2013, 11:28 PM)
Agent told last done subsale double storey N92 585k, what do you think guys, fair price?
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Everybody sells at rm580k now. Less than that considered good
AMINT
post Apr 20 2013, 09:54 PM

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QUOTE(Malaysian_driver @ Apr 20 2013, 06:16 PM)
Buying for own stay or investment?  What's the rental return?
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Indecisive. One maybe for investment while may consider another one for own stay. Not sure yet. Rental i am not sure. Old time owners probably can share?
AMINT
post Apr 20 2013, 10:05 PM

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QUOTE(optimus28 @ Apr 20 2013, 10:00 PM)
u can get minimum RM 1,500 for a bare unit..i think between RM 1,500 to RM 2,000(partly furnished) is realistic for Nadayu..
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Easy to rent out or not, boss? Who is the target market? Lecturers from UPM, UKM i suppose?
AMINT
post Apr 20 2013, 11:38 PM

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QUOTE(Malaysian_driver @ Apr 20 2013, 11:34 PM)
So... For rental purpose:

70% financing for a RM580k unit = RM406k loan
Over 30 years at current bank rate = RM2000 per month for monthly installment

Assuming rental is RM1500 per month = RM18000 per annum; gross ROI is 3.1% (for landed this is considered low)

Every month still have to fork out RM500 to cover loan = RM6000 per year.  This negative cash flow is unattractive to some.

But as long as unit appreciates 5% per year (which is expected for subsale properties) i.e. RM29k, losing RM6000 per year to loan is recovered when the property is sold.
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Dont buy landed for rental play. No good. Buy high rise for rental

This post has been edited by AMINT: Apr 20 2013, 11:39 PM
AMINT
post Apr 21 2013, 12:00 AM

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QUOTE(Malaysian_driver @ Apr 20 2013, 11:45 PM)
Yes of course.  Cap appreciation for landed but still have to calculate the "holding power".
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+1 and just to add. I think 5% cap appreciation for a good prop is too low. Average would be 10-15% based on my findings. Excellent props even better cap appreciation

This post has been edited by AMINT: Apr 21 2013, 12:06 AM
AMINT
post Apr 24 2013, 12:35 PM

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QUOTE(optimus28 @ Apr 24 2013, 12:28 PM)
Well it was relatively easy to rent it out, to lectures or even upper middle class folks working (usually on contract) around Kajang/Bangi/Putrajaya/Cyberjaya..they prefer cause its landed, with security and own private park and sports center...
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Good ler. smile.gif which uni do they come from ya?
AMINT
post Apr 24 2013, 05:31 PM

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QUOTE(mangzs @ Apr 24 2013, 05:26 PM)
hi i'm new to tis forum... wen kajang & semenyih couple weeks ago and visited nadayu92. the sales person there are vry LCLY... i was there around 1pm thn told me to come back after 2.30pm as now is their lunch time.

at 1st wen we reach there, there guard told is the office is hving lunch time so no ppl, so they allow us to walk around the compound but then suddenly 1 lady came out from office n shout dun let them in. as we approach the lady she wen back in to the office n didnt wan to talk to us at all. wat kind of service they r proving. piss me off alot.

i got recommended by fren to hv visit the project n they still hv some limited unit available. well... after tat visit... tq n bye bye... i will put my fund in other project around there.
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i am sorry to hear that. But I can tell you that their strictness made me feel safe buying there. Based on my experience, good project like this wan. Not good project = very kind until urut2 my bahu also got (not joking)
AMINT
post Apr 24 2013, 05:46 PM

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QUOTE(mangzs @ Apr 24 2013, 05:42 PM)
seriously urut bahu oso got? -.-"

maybe now their project bcome more famous n they dun even wan to bother much on the services. there should hv politely tell us off, not in tis way. 1st impression already put off my mood.

no worry... plenty of properties available. is not my lost anyway. smile.gif
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yeah, no joke. urut bahu also got. i looked tired that day coz i just got back from property scouting. the SA urut me. gila tak gila.hahah. on nadayu 92, yes they know the value of the props. i would say that for sure. u look at the sales also u know people went crazy. only a few units left.

next to it will be dijaya development. i was told it will be almost 80% more expensive than nadayu 92 for the same type. so you could probably target that. kajang 2 also just beside nadayu 92. can also. smile.gif
AMINT
post Apr 24 2013, 05:50 PM

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QUOTE(ctyyc @ Apr 24 2013, 05:48 PM)
Sorry to hear that as well, but the security is really strict, they even check the driving license and motorbike road tax before allow him to deliver gas ordered by owner. Visitor intend to look at the unit also will be accompanied by security, if not they will come to check time to time just to make sure visitor did not strolling around without accompanied by agent. Think its all because its still low occupancy and to avoid any unwanted things from happening. I also heard that they will propose to management to install cctv around the compound at at the back lane to tighten up the security.
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+1 dont u feel safe buying in this type of development? good buy coz the product is good. smile.gif
AMINT
post Apr 25 2013, 12:27 PM

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QUOTE(optimus28 @ Apr 25 2013, 12:19 PM)
Well i know its not right for them to do that, but actually if the product is really good, the sales people wont bother to try hard to sell to u..but if product not so good, the sales people will be really nice..once a SA (young attractive women) got offer to go out for dinner & movie with me as i was interested in a project she was selling..that scares me..haha..
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what the....hahah.

i have also been in a situation in which banker was a very sexy and cun chick wei. that time i dunno how to think using my brain or my d***. coz my brain said tiger bank because my guy in tiger was very good, hence the rates he got for me was also better but my d*** said ambank coz the girl played with my d*** instead of my brain. kakaka. ok too much info already

This post has been edited by AMINT: Apr 25 2013, 12:42 PM
AMINT
post Apr 25 2013, 10:02 PM

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QUOTE(Pezu @ Apr 25 2013, 09:57 PM)
You guys have a lot of money, and the SAs know it well,,,,, he he he..... I finally sold my DST NADAYU 92 2116sf at 585k. Let me recall whether i used my brain or something else,,,,,,, emmmm, yes, pretty sure, my brain.,,,,. What next,,, any other project you guys can recommend?
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Wahhh respect!!! Nothing is gonna be lower than that now. May i ask why did u sell it? I reckon price is gonna hike up some more.
AMINT
post Apr 26 2013, 12:17 PM

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QUOTE(optimus28 @ Apr 26 2013, 11:58 AM)
Yes im curios as well..the place is booming with Dijaya (commercial center, improved access roads), Kajang 2 (shopping mall, international school, improved access roads, KTM station, etc..)..why sell now?
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U made it sounds yum yum. Gonna visit this saturday la
AMINT
post Apr 26 2013, 04:18 PM

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QUOTE(paul76 @ Apr 26 2013, 02:24 PM)
their sales ppl are the cut n dry kinda ppl. no sweet talks la. take it or leave it. not the kind of marketing that we are used to nowadays and i can understand if some ppl get offended. I have gone in to c the current phase 2 units (under construction) wo problems but must try from dif gate la.
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I actually wonder why people say like that. The SA was really helpful to me. Pushing their lawyers and providing documents fast to my banker.
AMINT
post Apr 26 2013, 05:31 PM

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QUOTE(Lcsx @ Apr 26 2013, 05:04 PM)
I know Wendy's service is very good. The rest of the SAs I am not so familiar as they are a new batch.
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Yeah +1 wendy's service is good.
AMINT
post Apr 26 2013, 08:50 PM

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QUOTE(Pezu @ Apr 26 2013, 05:51 PM)
i think my career background as treasury dealer may influence me to decide such way,,, i think so,,,

rate of growth (price) was my main consideration. definitely Nadayu 92's price will go up further, but how fast. taking into consideration property experts forecast of 5%-8% (pessimistic) and 10-15% (optimistic), i concluded that that growth is slower than the appreciation of price of newly-launched property (buying from developer.) upon completion.

e.g. nadayu92-DST growing at 10% (optimistic) 585k x 1.1x1.1x1.1= 778k in 3 yrs time (2016)?????, not likely!
      nadayu92-DST growing at 5% (pessimistic) 585k x 1.05x1.05x1.05= 677 kin 3 yrs time (2016), possible!

but for 5% growth, i'd rather put somewhere else.

that 's my rationale, subjective though.

cheers
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5%? Thats too low. People who bought at rm480k before discount like 1 year ++ already transacted rm585k. Thats like 22%. I didnt include any discount. If put more discount it will be like 30%. That was without anything. Once mrt, kajang 2 shopping mall, dijaya commercials kick in, i reckon will be a huge jump. We will discuss this when tht happens.
AMINT
post Apr 26 2013, 10:18 PM

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QUOTE(optimus28 @ Apr 26 2013, 09:18 PM)
I think RM 700k+ in 3 years is doable for Nadayu DSL, although its a completed property..the surrounding area is far from developed as of now..yet the price is already touching 600k...
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Yeah, i actually find it weird coz still not much there yet but able to get such capital appreciation. Huhu

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