Block D will be facing the current showroom.
You got your point. the developer is applying to land office to extend the construction period from 36 months to 42 months, if that's the case, it will be only ready in 2015.

Block D will be facing the current showroom. Block A on the other hand will be facing Phase 2.
You got your point. the developer is applying to land office to extend the construction period from 36 months to 42 months, if that's the case, it will be only ready in 2015. In 2015, definately will be more than RM500psf.


This post has been edited by cheahcw2003: Jan 8 2012, 10:30 PM

difficult to tell, some who plan to invest, ended up own stay, some plan to own stay, ended up selling if the appreciation is good.

i think the10% rebates will always be there just to help those fall under ltv70%. The delays doesn't bother investors much as it is under DIBS now, in fact the developer has the incentive to complete the project on time or earlier if they can to safe bank's interest.

Unlike Regia, this is the 4 phases 8-10 years project. If the phase1 product quality is bad, then it will affectthe sales demand for the subsequent phases.

Well, i just pointed out the way the forumer "Youcity", carried out the points.

He/she may question like in such a manner :
If this project safe? or how the developer can mitigate the landslide risk? or how other investors think about the safetiness of this project? is the developer capable to contruct such products in the hill side?

One who invest or ready to invest have the rights to ask such questions, in the more diplomatic and humble way, but what he/she pointed out is to accuse this will be another Bkt Antarabangsa alike project, and attach a link to the said Bkt Antarabangsa tragedy. This will make others forumers confused and panic.

In Malaysia law, one is not guity until u prove it guilty. To prove it guilty, u need witness and concrete evidences. You cant just simply shoot in the air and said it is guilty. Usually to prove the evidence, we need professional thoughts to certify, ppl like doctors, engineers, or geologist in this case.

don't know...there are so many hillside development in the country that nothing happened but not mentioned it here.

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Added on January 9, 2012, 11:36 am

what i meant is if u r not sure u shd ask those professionals or ask in the forum in the proper ways, not pretend yourself as professional and conclude it will be another Bkt Antarabangsa.

This post has been edited by cheahcw2003: Jan 9 2012, 11:36 AM

around 928 each

haha...sorry, 228 typo error

hope u dont mind to share your findings here after your investigation. Thanks in advance

yes they are next to each other, but with some greens in between. Block A of Phase 1 is facing Phase 2.

Phase 2 has smaller plots of land, they only plan for 3 blocks in Phase 2, not 4. Phase 2 has seperate entrance, club hse, security and amenities.

i have no info. Just know that phase 1 and phase 2 will be at different height level.

Advantage:-
a) Pricing (right pricing means more potential for price upside)
b) Product uniqueness (21 acres natural forest, freehold)
c) Promotion (easy entry, DIBS, Zero cost entry...)
d) Developer's streghth in highrise development, (note that Mayland's base is in HKG which is also specialise in highrise development)
e) BSD is a matured township and closed to all type of schools, & amenities.

Disadvantage
a) High Density
b) Narrow access (even developer mentioned will enlarge the main road to 100fft wide), but cant see it until it is built
c) Might be late delivery from LnG track records, bad for those buy for own stay, and must move in after 3 years.
d) Hilly/slopes landscapre and make some investors worries.

There are always goods and bads as there is no perfect investment, so as investors, we need to make our own investment decisions.

[quote=kochin,Jan 9 2012, 02:45 PM]

if i may, for discussion purposes, to debate a little:
1. pricing. with more than average pricing to begin with, what upside do you reckon can this achieve? with rm750k price tags, 20% increase would be alarmingly close to the 1 million tag. ( when the opposite P.Tropika launched it was 200psf, now subsales around 400psf, so how to explain? what we think impossible now, might be possible in the future)

2. 21 acres forest. yes. nice to see, nice to hold. but need to pay for it, no? quit rent, assessment and maintenance? but still think this is advantage lah...(mainatainance RM0.25, this project take 10 years to complete, so at least LnG will mainatain the forest for 10 years, thereafter handover to JMB)

cons:
2. narrow access - yes. and it also happens to be the ONLY access unless roads linking to DP is opened up.
(If link to DP open up, we need to move this point from cons to pro)

3. think late delivery is quite certain. but in recent times, it could be a blessing. you should worry more on non-delivery. LAD only paid up to maximum of 10% of SPA prices if i'm not mistaken
(LnG is the main developer of BSD, they have been developing BSD for more than 20 years - so got track record, BSD is a synonium to their LnG brand name. They have applied to extend the contstruction time to 42 months, so for investors more time buffer. Late delivery doesnt bother investors as it is under DIBS)

4. landslide issues. this is definitely a big big area of concern with ever changing climate conditions. (Phase 1 investor/flipper will be safe no matter what, if anything happen, how can LnG sell their following phases? they need to cover their backside, then they need to ensure no landslides)

9 utama instead. price per sq ft wise, it's cheaper and location wise + freehold status is better right?
(9 utama? u meant the See hoy chan? Build Then Sell concept, pay 10% get loan then can move in already, no room for investor to cari makan, good for own stay lah)

[quote=kelvin667,Jan 9 2012, 03:32 PM]
if talking about future, everything under the sky can sell above 1 mill in the future. so let talk selling after completion. can market absorb the 1 million thing in 2015.
RM1mil seems a milestone, at time RM500K condo was a milestone when average condo price was RM250K. And we are talking the year 2015, not tomorrow. I am targtting to sell on RM800K, not RM1mil/

Maintenance fees RM0.25 is estimation only, check your DMC, they can make amendments anytime on this fees during JMB. so can increase right?
No need to guess, in 2-3 weeks time u will know the mainatianance fee officially, when u sign the snp and DMC.

I believe you mentioned most ppl here buy for own stay, why mention investor now? As rental for this is
Even Investor need to realise they profit and move else where not being tied down for unneccasary
You will never have the access to the accurate info on the combination of investors/own stayers in a project. WHat important for an investor is what is the target profit needed and exit plan.

You answer is simply say : ahh, dun worry, the dev will settle the phase 1 owner no landslide during construction to make sure they can sell, but later how?
What i am trying to say is that for a 10 years project, reputation is very important. So no matter how developer will protect their reputation or else how can they sell their subsequent products?

only strong investor can build and sell, and even after completion, there room to grow, if not who will buy sub-sales, unles you say all buyer in this project are flipper
I bag to differ, Tan & Tan and YTL are also strong and cash rich, but they never have "BTS" concept. It is more on the company's selling strategy.

This post has been edited by cheahcw2003: Jan 9 2012, 04:06 PM

why not imagize like this. instead of 30% bank financing. Go more extreme, bank dont want to lend out anymore, we take few lorrries/trucks of money in cash to outside developer to pay them money...or pay 100% by cheque.

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Added on January 9, 2012, 6:11 pmassuming i bought at 700K, sold at RM800k, make 100K around 100K, already good. Initial capital only 10K, 10 times return in 3 years times. Not bad mah..

This post has been edited by cheahcw2003: Jan 9 2012, 06:11 PM

Nonody can predict the future, nobody has crystal ball. Like many asking, will landslide happen? can it reach 600psf when completed? can it sold at RM1mil when completed, can the bank margin only 30% LTV at 2015? bla bla....

if u r investor, u just need to set your target price and exit plan. Can't take the heat? just watch from the sidelines, or drop the unit. If this can make u sleep well at night.

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Added on January 9, 2012, 6:33 pmi dont understand what u write.
i never want to sell @ RM1mil, i only interested to make the target i want. If u cant take the heat, just keep your money in FD.

This post has been edited by cheahcw2003: Jan 9 2012, 06:33 PM

what do u meant by budget around the corner?

Link hse and condo is not an apple to apple comparison lah...different product features, facilities, GnG, different target customers...

u soud thinking too much.
i have seen many unties/ uncle buy 4-5 units in one go without worrying

that is becoz i got Block A lower floor, RM400psf. If i drop this, i dont think i can get the same price RM400psf product in freehold damansara area.
those who bought 4-5 units are seasonal investors....i guess they know what they are buying into.

All investment comes with risk, like a glass of 50% fill with water, Some ppl see half full, some ppl see half empty. i.e., Some ppl see opportunities, some ppl only see risk.

This case already closed. What i want to highlight is forum ethics. You need to justify your points with facts, responsible on what u have said. I rest my case here on this.