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 Da Men @ USJ 1 ( Next to summit ), Discussion of Vesting potential

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Raub
post Jun 8 2011, 11:38 AM

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QUOTE(ManutdGiggs @ Jun 8 2011, 11:27 AM)
Sorry to interrupt in this forum. I know a number of SA(s) for this project and actually they are quite friendly. Most of them are from Malton. I think those who are really LCLY are from Equine. This project is not bad as compared to Sunway Velocity. Pricing is at the higher side, no doubt but for a cautious investor, with strong holding power, price will at least double up in 10 years. However, if anyone would like to sell in short term, appreciation in price might be very minimum.
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price will at least double up in 10 years ??? internal news ???
then ask SA when launch ? how many ppl register ? how many psf ?
ManutdGiggs
post Jun 8 2011, 03:31 PM

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SOHO is confirmed at 550-700 psf. Units are only opened to purchasers of commercial units. Staffs are entitled to purchase but with limitation. Not sure how many units per person staffs but for existing purchasers, 2 units per person.

Price appreciation is very subjective to how we view and how much confident we have towards this property market. I can see over the past 30 years, properties in prime areas can appreciate a fold each decade. USJ is a moving into a matured market but still lack of a major attraction.

Maybe this is only my own assumption. Correct me if I'm wrong.
clanzkiller
post Jun 8 2011, 08:25 PM

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QUOTE(rakyat @ Jun 8 2011, 09:32 AM)
'Sticker game' - developer will place stickers on choice units (corner units, cheaper low floors, facing pool or KLCC ect) before soft launch to make it look as if the project is selling out fast. Mind u nobody has booked these units, it is just a sticker. So potential buyers will be enticed to place booking fees on not so ideal units. After the development is 'sold out', some of these units will be released, SA will claim 'loan not approved' or 'buyer back out' ect. Very common ploy to induce BBB
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Some developer are doing this. But some i believed they are being fair enough that they don't simply stick the board even there is no transaction.


QUOTE(rakyat @ Jun 8 2011, 09:50 AM)
Most of the development will forfeit your booking fees if you cancel your booking without valid reason. Full refund only if loan not approved. Oso transfer is not allowed before S&P agreement is signed unless it is within family members. Of course there are development that forgo these rules and allow transfer before S&P signing but make sure you find out the T&C
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Booking fees cannot be forfeited in anyhow bro, UNLESS, stated in their booking receipt which is uncommon. That to make people do not that dare to place their booking, which Dev cannot see any positive sign of doing this.
Before the AP, developer are actually not allow to collect any money that payable to developer account. Only to their panel lawyer.
And they have no rights to forfeit buyer booking fee. Even if the buyer just say, " i don't wanna buy anymore", "oh i will find someone to transfer", "i got other friend interested". So anyhow, 100% will be refunded back minus admission fees. Transfer to another party is allow with booking fee, also, even downpayment, it can be done. Just that, as long as developer sell to whoever person, and the person sign SPA then ok. Within certain period after the downpayment has been made, if buyer didn't proceed with signing SPA, developer has the right to forfeit the downpayment with 3rd notice letter by their lawyer to sign SPA which if buyer didn't respond or reason is invalid.

If it is a downpayment, then yes, developer can forfeit.

This post has been edited by clanzkiller: Jun 8 2011, 08:27 PM
ahkang
post Jun 8 2011, 10:07 PM

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QUOTE(1investor @ Jun 6 2011, 05:12 PM)
Those are shops. He told me the building plans are yet to be approved and was asked to sign spa. My friend checked with standard chartered and hong leong banks. Both banks put a red flag on this project. Another bank, panel of the project offer of 65%. That why he pulled out. No one from sales office offer help. Such a lansi attitude, why bother to buy their products?


Added on June 6, 2011, 5:16 pmIt is true. They only got development order approval. No building yet! Not even submitted. AP and DL still long way!
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Are you sure they just got the DO approval only?BP havent submitted?
1investor
post Jun 8 2011, 11:46 PM

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confirmed. My friend bought a shop. Signed spa. Applied loan. Bankers asked for copies approvals, do, building etc. only got do ok. bcos it is a commercial development, no need to follow hda rules.
Raub
post Jun 10 2011, 03:49 PM

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still no more news ?
ManutdGiggs
post Jun 12 2011, 11:17 AM

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My fren bot a 2 storeys retail n got loan approval fr few banks. Uob cimb abb hsbc. I dun hav doubt if so many bankers r confident with it. Furthermore all bankers offer 85% with gd rate.
Raub
post Jun 12 2011, 11:32 AM

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QUOTE(ManutdGiggs @ Jun 12 2011, 11:17 AM)
My fren bot a 2 storeys retail n got loan approval fr few banks. Uob cimb abb hsbc. I dun hav doubt if so many bankers r confident with it. Furthermore all bankers offer 85% with gd rate.
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r u sure retail ? retail is not open to sell, pavilion group will manage it and get tenant in ...
ManutdGiggs
post Jun 13 2011, 02:24 AM

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Those facing main road n those below soho r for sale. Those in complex r not.
kelvyn
post Jun 21 2011, 01:30 PM

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if you travel along the Jalan Kewajipan during the morning and evening, it is really jam already. With this new development, cannot imagine the jam... vmad.gif
chsnytan
post Jun 23 2011, 04:10 PM

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Good day, may I know whether the residential units are up for sales yet? And where do I get details on the project? I don't seem to see any showroom nearby. Thanks
kelvyn
post Jun 23 2011, 05:04 PM

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QUOTE(chsnytan @ Jun 23 2011, 05:10 PM)
Good day, may I know whether the residential units are up for sales yet? And where do I get details on the project? I don't seem to see any showroom nearby. Thanks
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check them out... biggrin.gif

http://www.equine.com.my/usj_development.html
ManutdGiggs
post Jun 23 2011, 07:54 PM

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The 1st block is sold out. Mainly for internal and priority or current commercial unit buyers. Ground breaking this saturday.
cutealex
post Jun 23 2011, 08:03 PM

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Need to 'balloting'.... lolz... prepare rm10k cheque
thomstho
post Jun 24 2011, 12:21 PM

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QUOTE(chsnytan @ Jun 23 2011, 05:10 PM)
Good day, may I know whether the residential units are up for sales yet? And where do I get details on the project? I don't seem to see any showroom nearby. Thanks
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The sales office is in USJ Sentral.
hacker6280
post Jun 24 2011, 12:22 PM

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Is the LRT @ The Summit confirmed? Any update?
thomstho
post Jun 24 2011, 12:22 PM

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I think when Da Men is built, they should do another link from USJ 1 to Kesas Highway because currently there's only a link from Kesas to USJ 1. This can ease traffic congestion. icon_idea.gif


Added on June 24, 2011, 12:24 pm
QUOTE(hacker6280 @ Jun 24 2011, 01:22 PM)
Is the LRT @ The Summit confirmed? Any update?
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It's not at The Summit, it's at Da Men. http://www.themalaysianinsider.com/malaysi...job-for-rm670m/

This post has been edited by thomstho: Jun 24 2011, 12:24 PM
AlanKoh2021
post Jun 24 2011, 01:04 PM

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Interested ??????????? with this project??

Alan Koh
012-2131147
alankoh.ptl@gmail.com



kelvyn
post Jun 24 2011, 01:14 PM

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QUOTE(thomstho @ Jun 24 2011, 01:22 PM)
I think when Da Men is built, they should do another link from USJ 1 to Kesas Highway because currently there's only a link from Kesas to USJ 1. This can ease traffic congestion.  icon_idea.gif
hahaha... wait and see... biggrin.gif
doubt it will happen as it will need the Kesas highway concessionaire's agreement
rakyat
post Jun 24 2011, 03:21 PM

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QUOTE(kelvyn @ Jun 24 2011, 01:14 PM)
hahaha... wait and see... biggrin.gif
doubt it will happen as it will need the Kesas highway concessionaire's agreement
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By the time DaMen is completed, KESAS only left X yrs to expiry (if gov do not extend their concessionaire period)

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