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Investment THE ARC@CYBERJAYA [OWNERS' THREAD], Developer of Cova KD goes BIG

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cutealex
post Jun 28 2011, 11:32 AM

Buy Lands,Properties& Precious Metals..
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From the day 1 i get this first hand info and i look at their GRR proposal and planning... and look on the location & surrouding area...decide to give a pass for this projects...

Good luck to the buyers and purchasers anyway....
cutealex
post Jul 3 2011, 07:30 AM

Buy Lands,Properties& Precious Metals..
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Senior Member
4,790 posts

Joined: Dec 2008
QUOTE(cova @ Jul 2 2011, 01:34 AM)
Like I mentioned before, exit quickly even if you lose some of deposit. Cova Villa in Kota Damansara is a mirror example to the future ARC, Cyberjaya from the same developer, little appreciation of value and net rental income of about 5% only.
However, the other project next to it, the Cova Suite enjoy a good 40% appreciation as it is not being used as a hostel and no such garantee scheme was offered.
In another word, the developer is overcharged you on the price of the property and then give you back a little by little of 5% per annum. But on the other hand, they rent your property to the college and charge 8-9%.
Think carefully before you invest in this property especially from Andaman.


Added on July 2, 2011, 1:51 amNEVER TRUST ANDAMAN
GOOGLE ANDAMAN TO GET SOME BACKGROUD OF THE DEVELOPER


Added on July 2, 2011, 1:55 amlast time Andaman Group-Pharma Exel now APM-Maju Puncakbumi. New project new company, so no previous bad records. but same people.
Right? Mr Teoh!


Added on July 2, 2011, 1:58 amAttention to all investors in this project!
Please do your homework/checking carefully!!!
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