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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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Chris Chew
post Dec 21 2012, 01:26 PM

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QUOTE(CMW123 @ Dec 21 2012, 11:11 AM)
I think 80% also

High floors close to RM580 psf
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That was very good if reach 80% sales.

Chris Chew
post Dec 27 2012, 10:46 AM

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QUOTE(carlsson818 @ Dec 26 2012, 03:22 PM)
Actually loan approved and everything was going smooth until i found out partner was screwing round my back. so now just want to let it go. S and P signed but I believe can cancel and transfer.
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In that case, u must prepare to face developer with S&P stamp duty and some professional fee incurred, then a ready buyer for the new S&P signing, ready buyer's with loan approval ready and ensure u hold ur banker for further release or else, penalty would be charged.

Chris Chew
post Dec 28 2012, 10:45 PM

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QUOTE(epsonstylux @ Dec 28 2012, 10:51 AM)
so he will lose his 10% deposit?
why not, he sells the house, after CF is issued? he can always find an interested buyer.

meaning he will only get his money 1-2 yrs time.
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I think he wanted a new buyer to take over his S&P where he had signed but to revoke but paying some similar fee like S&P stamping fee, but to get back the 10% downpayment.



Chris Chew
post Jan 20 2013, 01:21 AM

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QUOTE(1282009 @ Jan 19 2013, 11:31 PM)
Yup, so far all "0" even when the developer is late in paying the progressive interest.
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You must monitor the progress payment by the developer to the banks.

Actually the banks would give a longer deadline to the developer to paid or transfer the progressive interest by bulk ... Normally the due date is 14th and depends on transferring mode too, say max 18th of the month ...



Chris Chew
post Jan 20 2013, 03:07 PM

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QUOTE(1282009 @ Jan 20 2013, 02:52 PM)
Thanks for the advice.

Had actually called the credit control lady couple of times in past months to follow up. The deadline is actually 1st of every month with 14 days grace period but LnG only paid the progressive interest after 14th but before end of the month (no cross month so far). I believe that's why the CCRIS is still showing as "0".
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Thats good. Not many ppl understand DIBS correctly.

The deadline for interest or any home loan installment is always 1st day of the month. But deadline is different for developer due to billing issues. Banks would be extra cautious to update ur CCRIS report to the BNM but due to this is manually done, better check every 2-3 months.

Sumtimes if the dev paid on 15th or 18th, banks would still kind enough not to put '1' to the borrower's CCRIS but ensure the dev paid the late charges. For some banks, they will deduct ur interest appears in ur savings/current acc binded to the home loan acc on 14th, and once dev paid it, the banks will credit back to ur savings / current acc. This is helping the dev without charge any late interest too.

Chris Chew
post Feb 25 2013, 09:44 AM

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QUOTE(fongozic @ Feb 25 2013, 09:35 AM)
foresta phase1 for large area concept (1400-1600+)

future phase sure will go for diff concept as mention LOFT or duplex..

recent market trend hot with those 2 bed room.. maybe 3 bed room type price too high?

but for LOFT only suit those young couple or single ppl..
family with kids still choose at least 3 rooms better right?

even the damansara avenue most also with only 2 bed room type.. even the size is 1400 too
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Its good if DF offers something different. 2 bedrooms are hot trend now due to smaller built up to reduce the absolute selling price for entry compare to 3 bedrooms.

3 bedrooms are more practical for young family or bro/sis staying together. 1400 sf with only 2 bedrooms are consider very spacious living, but harder to sell in future.

The Loft is actually commercial turning into residential with office art works such as design work, similar with Soho and with mezzamine duplex of great design, hard to maintain.

Chris Chew
post Mar 1 2013, 01:46 AM

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QUOTE(fongozic @ Feb 28 2013, 04:38 PM)
metal and glass baru ada class ma...right?
lile the tile at balcony too

https://lh3.googleusercontent.com/-vuZ5QKY3...03/IMG_2044.JPG
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Is the picture took from the DF showroom? If yes, the floor tile seems not bad quality, though the colour looked classic.

Yeah, metal + glass baru ada class. I think most new condos now using glass as their balcony rail. I like condos with more glass in their balconies and windows, especially floor height up to ceiling, looks grand.




Chris Chew
post Mar 2 2013, 10:36 PM

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QUOTE(1282009 @ Mar 2 2013, 03:26 PM)
This is taken from type A1 showroom.
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The tile's quality looks not bad but seems colour a bit oldie and unmatch with the white colour rail + sliding door.

Hmm, the balcony rail glass is the one use for DF? Can see through very clearly, no colour at all?


Chris Chew
post Mar 3 2013, 12:54 AM

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QUOTE(1282009 @ Mar 3 2013, 12:50 AM)
Agreed. Hope they will provide some reflective type which is not visible from outside but can see clearly from inside especially to block A units which are facing west.

About the tile, I also feel it's good, don't quite mind about it being too classic though.
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Probably can find out with developer whether they really provide this visible non tinted / colour balcony glass.

For a class and nice condo of DF, if all units using the same visible balcony glass, it could be funny brings no classy. However, I believe, developer won't provide this, never seen this though.

Yeah, the tile looks good and seem a better quality to step and walk into it.


Chris Chew
post Mar 15 2013, 01:01 AM

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QUOTE(cheahcw2003 @ Mar 14 2013, 10:11 PM)
2% booking fee and signed SPA, 8% rebate in the form of credit note.
DIBS pay nothing till VP.
Both Loan and S&P legal fees are paid by developer if u take the loan under their panel banks (PBB, HLB, UOB, OCBC, Citibank, CIMB, HSBC, MBSB, Standchart, Ambank, Alliance. Maybank was once in the panel, then withdrawn, then heard they joint back again). MBSB still give 90% loan for 3rd property.
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Wow, MBSB so good? Still gives 90% for 3rd property and LTV 70% not hit? What about more than 3 properties?

Paid 2% and those hit with LTV 70% can gives it a try if nothing to buy, lolz.


Chris Chew
post Mar 16 2013, 12:49 AM

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QUOTE(fongozic @ Mar 15 2013, 02:43 PM)
cant imagine, how the traffic after the Damansara Avenue and Empire City accomplish...
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wow, nice view ...
rclxms.gif
Chris Chew
post Aug 17 2013, 02:46 PM

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QUOTE(fongozic @ Aug 15 2013, 09:09 AM)
mutiara damansara + sri damansara + sg buloh
boom development !
next time pancala link also will be jam d.

there only two exit from sri damansara right? any future road that sri damansara can link to damansara perdana?
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Malaysia memang boleh!~

Development keep coming up but no improvement on the access roads and highways.


Chris Chew
post Aug 26 2013, 09:25 PM

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QUOTE(Skyvi @ Aug 26 2013, 12:50 AM)
Bank first drawdown is late ~2months. But i did check with the lawyer at that time, they said the delay is due to developer late process for the S&P....and now developer want to claim late interest on me ..what's the logic??
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Developer late process for the S&P is not an issue where the stamping date is the actual date of the schedule running.

Bank first release could be late due to the bank itself ( slow ) , borrower himself ex. MRTA got problem or account not yet opened, lawyer takes longer time to execute the odcumentation or advise bank for release or bank send the notice late to solicitor hence solicitor sent it late to the bank.

Late 2 months would be serious issue if you sign the S&P on the week you sign the loan Letter Offer.


Chris Chew
post Sep 28 2013, 02:38 AM

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QUOTE(fongozic @ Sep 27 2013, 03:37 PM)
next year price diff lo.... 650psf consider average ??
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If RM 650 psf net by 2014, it could be a well average price for most upper middle end condo.

Even now also we can see plenty of RM 600+ psf new condos with similar sizes around the market.

Btw, whats the earliest phase of DF? Is that RM 500 psf net 2 years ago?

Chris Chew
post Sep 28 2013, 10:28 AM

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QUOTE(CMW123 @ Sep 28 2013, 08:32 AM)
First block every floor increase RM6k so variance very big as 35 storey, BUT lowest floor start from around RM400psf  drool.gif  drool.gif  drool.gif

Second block price increase by around RM50psf vs first block and every floor up RM3k

Third block slightly up few % vs second block

Fourth block also slightly up few % vs third block due to better orientation

After all 4 blocks launched for some time, leftover units also up few % also they got the best landscape award and after the fireworks event. Except top floors now leftover units should still be below RM600psf

Then phase 2 just announced from RM700psf and if have same 8% rebate will be around RM644psf. Not sure is this the average price or the price for lowest floor...
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Noted boss.

Very very good info.

I reckon first 2 blocks entering at RM 500 psf or below very safe for appreciation margin and below RM 550 psf is at proportional margin.

Amazing to hear each floor up by RM 6k is which quite high, lolz, means 10th floor and 20th floor unit difference by RM 60k. 2nd Block looks more normal at RM 3k increment per floor.

Anyhow, congratz for Phase 1 buyers!~~



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