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 Kiara Residence Phase 2, Bukit Jalil or OUG New Development

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user1984
post Aug 13 2011, 09:54 AM

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is kiara 2 going to launch all blocks all together in coming sept?
user1984
post Aug 13 2011, 09:51 PM

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QUOTE(lhkmmyy @ Aug 13 2011, 09:12 PM)
The higher the better~~ Not so noisy = =  sad.gif
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lower floor better. higher floor more noisy.
user1984
post Sep 6 2011, 12:08 PM

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QUOTE(yapkjm @ Sep 5 2011, 02:47 PM)
Meaning that no new road open for KR2?
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the link to jalan 1/155b is under proposal...
user1984
post Sep 6 2011, 07:02 PM

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QUOTE(keithcky @ Sep 6 2011, 02:43 PM)
Its not surprise Loh.... better wait awhile more if market not good atleast can U-Turn ma  biggrin.gif  biggrin.gif At the moment developer wouldn't be too greedy
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i think the price now is high everywhere and all the developer are greedy lor...getting more n more greedy n...scary...
user1984
post Sep 13 2011, 08:06 PM

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QUOTE(keithcky @ Sep 13 2011, 06:20 PM)
Lauyar co biggrin.gif
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ya lor hor...yr bukit oug still the best among all development...haha...
user1984
post Dec 31 2011, 09:28 PM

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QUOTE(puchongite @ Dec 28 2011, 10:37 PM)
No matter how good the LRT access is, I cannot imagine the tenants who will be paying 2k-3k per month taking LRT to work. That's just not Malaysia.
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i think this no need to imagine la coz can benchmark from existing condo that located walking distance to LRT. looking at iproperty i can see Putra Villa is reting RM2000 for 1100 sqft, and Desa Putra RM2600 for 1286sqft.

what i can see is normally these walking distance to LRT station condo renting at least RM500 higher compare to other condo that not loacated walking distance to LRT station but in the same area.

This post has been edited by user1984: Dec 31 2011, 09:30 PM
user1984
post Jan 6 2012, 08:28 PM

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QUOTE(Chris Chew @ Jan 6 2012, 07:08 PM)
I was told that the developer previously was turnkey developer or contractor.

Not really sure about the background bcz i surveying the location ( which i deem is very good at RM 420 psf although LH ) and quite impress with the floor plan and security, freebies, discounts but i wonder how it going to accommodate since KR1, KR2, ZR and TR already 2500-2800 ( correct me if i am wrong) units exclude KM1.

I dont think the population can increase heavily in 3 years time after the projects completion and VP. Just my small imagination.
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been told the develper builded Sierra Residence.

since this prop located so near to LRT, investment wise no need worry no tenants la...got tanents then appreaciation will come naturally...if own stay lagi no need care lor...
user1984
post Jan 9 2012, 11:01 PM

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QUOTE(ronn77 @ Jan 9 2012, 10:09 AM)
Beginning I'm quite interested with this project but after seeing the price which initially suggested at $380/sqft and now balloned up to $450/sqft which totally kill off my interest. No point pursue this one as I feel if you guys still insist on this location I will rather opt for ZR which is a better buy at this price with better history of delivering units. Nothing to be shouted about the location of this project apart from the so-called lrt which is walking distance as this project is going to share same access with ZR, KR1, and Trees which once all these projects is completed will see cars queing along the road in early and evening to and from your office. Not to be forgotten that this is leasehold properties and more importantly will be the first ever project fm the unproven Kiara Resources as they are just a sub-con during last time and do not have strong fundamental to be a developer. Certainly there will represent a big risk as if anticipated slow economies which will hit construction sector and with higher rates which going to come soon will definitely cause the delayed in the completion or may even be the next abandon project.

Save your bullet investors, there will be more and reliable upcoming projects than this one, no point to risk your dollars on this.
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i only interested into condo that located walking distance to lrt station. can u list out what is the upcoming project that located walking distance to lrt station?
user1984
post Jan 12 2012, 06:46 PM

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QUOTE(puchongite @ Jan 12 2012, 09:37 AM)
Despite me pumping so much negative info into this. LOL.
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normally the more forumer purposely step on the prop the more expensive the prop will be...this is use to happen...
user1984
post Jan 12 2012, 07:27 PM

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QUOTE(1ullaby @ Jan 12 2012, 07:09 PM)
haha .. reminds me of a saying, no such thing as bad publicity
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developer also not stupid as they had done necessary study to evaluate a prop value...the effort of the forumer to purposely step on the prop always cant give any influence coz developer have data on hand, dats y always never affected by forumer...
user1984
post Jan 12 2012, 08:11 PM

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QUOTE(1ullaby @ Jan 12 2012, 07:35 PM)
for sure for sure, we are a small enclosed world here after all, the world is big and wide out there.

what data developer has ya? actually developer also make comparisons with similar timing launches, use marketing team to gauge responses and tembak a figure according to their greed only ma  nod.gif

oops i kick myself outta here.
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sure they will benchmarking with nearby condo. but beside that determining the selling price is a huge job because they will never lower down the prive once they had set the selling price. costing is one of the major factor as well as market survey including determine the potential buyer, income group, forecasting for future appreciation in short term and long term, and so on...
user1984
post Feb 3 2012, 09:41 AM

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QUOTE(puchongite @ Feb 3 2012, 09:28 AM)
Whatever 1073 sf units you bought were the fall out from developers "blocking". Since the S&P will be signed 5 months down the road, no loans are processed now. So unlikely there will be additional fall out from developers "blocking" from now till when loans are processed and rejected.

I don't have the Sales chart but I suspect the higher built up units are moving VERY slowly. It will be good someone could go to the Sales office and prove me wrong. smile.gif
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r u saying 1073 all gone during soft launch ?

i believe 1073 are available for booking during soft launch instead of "fall out" that u had mentioned. coz i received sms to place booking for 1073.

since there r quota for loan application, better apply as soon as possible to get the offer.

since z residence sales also 7788, this kiara 2 with better location, i dun see reason sales to be slow.
user1984
post Feb 3 2012, 10:07 AM

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QUOTE(puchongite @ Feb 3 2012, 09:49 AM)
Yes.
If you follow the threads, someone said there were 12 units (?) of "fall out" released for booking.

You can't. LO is only valid for 1 or 2 months, the banks also will not process the loans right now.
Let's view the Sales chart. Facts will correct "perception".
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i received sms to place booking b4 soft launch, but im not internal staff. the agent will help buyer to place booking earlier than soft launch date.

r u saying if we apply loan now would be no use and need reapply again 1 or 2 months b4 signing s&p? i did experience same case here but i never reapply the loan ler.

always bigger unit take more time compared to smaller unit. kiara 2 launched last month, less than 1 month period how to judge the sales is good or not? z residence last block took how long to sell? few months i guess?

i think for yr own thinking/defination, projects that not sold out in 1 month is consider very slow?



user1984
post Feb 3 2012, 10:16 AM

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QUOTE(ronn77 @ Feb 3 2012, 10:09 AM)
There's still 1073 sqft unit but unfortunately those are reserved by the internals and agent which they requesting RM20k topup fees in order to change the name over to you. My advise is if someone can topup $20k for the unit then why dont just go for bigger unit? Only fools are paying this money for the greedy agents which trying to make fortune out fm the investors looking for smaller units.

If ZR can sells well then I'm not surprise as Trinity has the records of delivering houses on time or even ahead of schedule and buyers have confidence in them. As for the KR2 will be the new and first ever project under the belt for this developer which has no track records so far so will buyers paying premium for this units considering the risks? For me, I will say better look else where than be sorry later.

By the way sales has been really slow for past few months especially for sub-sale and it's expected that in next 2 years price for condominiums will dropped significantly no thanks to the oversupply situations.
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yea, first time developer always risk higher. if can build as promised, would than be worth.

lets see our future in few years time.


user1984
post Jul 3 2012, 09:35 PM

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finally jalil city is coming!!! rclxms.gif

kr 600/sqft upon vp is really sup sup sui...


HO HUP CONSTRUCTION COMPANY BHD (5169, HOHUP)
DateJul 03 2012 TypeGeneral Announcement Ref No.CS-120703-8FEE0
Type : Announcement
Subject : MATERIAL LITIGATION

Description : HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
- KUALA LUMPUR HIGH COURT SUIT RELATING TO THE JOINT DEVELOPMENT AGREEMENT DATED 16 MARCH 2010 BETWEEN BUKIT JALIL DEVELOPMENT SDN BHD AND PIONEER HAVEN SDN BHD ("SUIT")

Announcement Details/Table Section :

Reference is made to the announcements made on 27 April 2010, 30 April 2010, 5 May 2010, 17 June 2010, 25 June 2010, 7 July 2010, 12 August 2010, 13 October 2010, 29 November 2010, 30 March 2011, 19 May 2011, 7 June 2011, 20 June 2011, 20 December 2011, 17 January 2012, 31 January 2012 and 17 May 2012.

The Board of Directors of Ho Hup wishes to inform that Ho Hup, Bukit Jalil Development Sdn. Bhd. ("BJD", a 70%-subsidiary of Ho Hup) and Pioneer Haven Sdn. Bhd. ("PHSB", a wholly-owned subsidiary of Malton Berhad) had come to an amicable settlement of the Suit under the terms of a Supplemental Agreement entered between BJD and PHSB on 3 July 2012 ("Supplemental Agreement"). Ho Hup has agreed to discontinue its appeal to the Federal Court and to withdraw the Suit and any ancillary matters related thereto without admission of any liability and with no order as to costs and no liberty to file afresh, inter alia, upon the execution of the Supplemental Agreement.

Amongst others, the main principal of the Supplemental Agreement is as follows:-

1. Land

The joint venture development of the land held under Geran 42277, Lot No. 36101, Mukim of Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan measuring approximately 243,000 square meter ("the Land") shall be on five sixths (5/6) of the Land measuring approximately 202,500 square meter ("the JV Land") instead of on the Land as a whole.

BJD shall be entitled to develop the remaining one sixth (1/6) portion of the Land measuring approximately 40,500 square meter and encompassing Parcel A which comprise approximately 5.9 acres of land with approved development order based on plot ratio of 3.09 ("BJD's Land"). Parcel A consists of an office tower and shop offices. The balance of BJD's Land measuring approximately 4.1 acres and with a minimum of 139,321 square meter in gross floor area is earmarked as development for high rise residential units.

2. Revised Entitlement

BJD's entitlement shall be eighteen percent (18%) instead of seventeen percent (17%) of the total Gross Development Value ("GDV") of the JV Land to be developed by PHSB, subject to a minimum value of entitlement of RM220 million ("BJD's Entitlement").

3. Settlement of Indebtedness

PHSB agrees and undertakes to pay for and on behalf of BJD and Ho Hup towards the servicing of monthly interests and the redemption of the secured loan of RM75 million from Insas Credit & Leasing Sdn. Bhd. and the payments so made by PHSB shall be treated as an advance of part of BJD's Entitlement.

4. Financing

PHSB agrees to endeavour to assist BJD to secure bank financing of up to RM20 million for the development of BJD's Land.

5. Charge of the Land

PHSB shall be entitled at its own cost and expense to charge or otherwise encumber the Land as security and collateral for purposes of refinancing the indebtedness to Insas Credit & Leasing Sdn. Bhd. as well as to part finance the development cost for the development on the JV Land. PHSB shall procure its financier to provide a letter of undertaking/disclaimer to exclude BJD's Land from any foreclosure proceedings that may be taken against the Land.

This announcement is dated 3 July 2012.




user1984
post Jul 4 2012, 07:49 AM

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QUOTE(Chris Chew @ Jul 4 2012, 12:31 AM)
The shop office and AEON would be a very very great addition.

More and more temptation to stay rather than flip it.

The location already so great, only pending those amenities and commercial area.

Look n look seems RM 600 psf is very do-able upon VP.
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jalil city would directly set a new benchmark in bj vicinity...

kr 600/sqft upon vp is acceptable...but in longer run, it would go much higher...
user1984
post Jul 4 2012, 10:32 PM

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QUOTE(MaiGehGeh @ Jul 4 2012, 06:17 PM)
good? can i use best?  whistling.gif
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yes, jalil city is the best news that finally materialized... rclxms.gif

besides the upcoming well known lai meng school, mage mall, jusco and walking distance lrt station, jalil city will boost up the rental and appreciation to another higher level...this is really interesting...
user1984
post Jul 7 2012, 08:28 AM

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QUOTE(MaiGehGeh @ Jul 6 2012, 10:07 PM)
so many...jalil city or wct which one better?  unsure.gif
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dun know dat time whether i manage to get one or not...huh...need seriously start to plan on that liao...

between wct and jalil city which one better? need to look into detail then only can judge...but if both selling package is more or less the same, then i would pick jalil city...
user1984
post Jul 8 2012, 12:44 AM

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QUOTE(twincharger07 @ Jul 7 2012, 01:50 PM)
WCT one has faster "escape" to Kesas and via Oug to old klang road.. nearer to LRT as well..

Jalil City using BJ expressway as main road, at the traffic light only allow going to turf club direction and need to U turn at TPM for sunway direction.. currently abit bottleneck..

looking at track record, WCT seems promising, IMHO

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what about the scale of development? which one is more promising?
user1984
post Jul 8 2012, 10:46 AM

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QUOTE(puchongite @ Jul 8 2012, 10:30 AM)
Very difficult to understand but I finally make out what it is.

Translated as :-

有噹吃, 咪嫌臭粗!

Kekeke .....
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i tot u were refering to jalil city...look back the threads rupa rupanya u were refering to the graphic/pic quality... sweat.gif

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