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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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CMW123
post Aug 7 2013, 10:30 AM

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QUOTE(alexng2208 @ Aug 7 2013, 10:06 AM)
definitely not 1 day boss

i have been waiting for their APDL of 9,475 units signed off yesterday for months
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9,475 units!?

Which project, boss?
CMW123
post Aug 13 2013, 03:50 PM

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90% sold, about 90 units still available?
CMW123
post Aug 14 2013, 03:56 PM

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QUOTE(lek_e30 @ Aug 14 2013, 10:07 AM)
Heard that cg spend multi million on events but secure not many units....crowd was amazing...5k
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Free party, free show, free celebrity, if in KL i will also go...buy or not buy another matter
CMW123
post Aug 14 2013, 03:58 PM

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QUOTE(fongozic @ Aug 14 2013, 08:43 AM)
mah sing have new development at Sg buloh - D'sar aSentral... seem like sg buloh and SD will going big development in this few year after the MRT project... maybe traffic will become worse again next time...
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Concern about the future density of Empire City 1 and 2...LDP will be paralysed

They better plan for new highways...

CMW123
post Aug 15 2013, 11:00 AM

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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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The link between sri damansara and damansara perdana is actually ready...somewhere along persiaran meranti and join to Rafflesia.

But if open up, firstly LDP will lose toll collection and they will lobby and secondly sri damansara will be flooded with cars wanting to avoid the toll. The RA of Sri Damansara is actually against opening up...
CMW123
post Aug 17 2013, 10:10 PM

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Bcoz after 3 years, need to pay RM3500 to RM4000 (including maintenance fee) per month cool2.gif

Actually left those west facing units which people not keen and those high floor units which people think too expensive...IMHO
CMW123
post Aug 18 2013, 04:59 PM

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QUOTE(xyyap @ Aug 18 2013, 03:04 PM)
Brother, u have an unit too?
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Ya, Block B
CMW123
post Aug 18 2013, 09:02 PM

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QUOTE(stevecheahsw @ Aug 18 2013, 06:38 PM)
Hi CMW,  Yours is which floor?  Facing pool?
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2xth Floor, facing pool

Yours?

This post has been edited by CMW123: Aug 18 2013, 09:03 PM
CMW123
post Aug 18 2013, 09:27 PM

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QUOTE(Crusaders @ Aug 18 2013, 09:23 PM)
do u guys think this is a good investment?? i am new here...... any advice??
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http://www.propcafe.net/editors-choice/bes...se-residential/

Review by independent Propcafe
CMW123
post Aug 18 2013, 09:34 PM

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For comparison only:

Damansar Foresta : Below RM600psf
Damansara Avenue Azelia : Rm610psf+
DCP One Central Park : RM800 psf
OSK new SOFO : ??
Damansara Avenue new Altivo SOFO ??

CMW123
post Aug 25 2013, 05:05 PM

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QUOTE(Skyvi @ Aug 25 2013, 03:19 PM)
Anyone receive late payment interest charges letter from developer?
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What u mean? Developer sent u letter to charge u for late payment, is it not under DIBS? Any delay is due to developer n not us...
CMW123
post Aug 26 2013, 10:04 AM

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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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Write a letter showing the dates of all the events which happened and ask for the interest to be waived
CMW123
post Aug 28 2013, 08:54 PM

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QUOTE(Skyvi @ Aug 27 2013, 11:15 PM)
Partly is due to late loan solicitor assign by developer. Wasted quite of time there.
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Ask developer to claim from the solicitor and not you, just deduct from their fee can alreadi
CMW123
post Aug 29 2013, 11:02 AM

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QUOTE(xyyap @ Aug 29 2013, 10:36 AM)
My neighbour house @ Sri Damansara, sold RM 900k within a month.

Thanks for all these developments.

Over crowded liao, looking to move out.
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Think depends on objective is for own stay, short term investment or long term investment or too rich as collection... smile.gif
CMW123
post Sep 5 2013, 09:19 AM

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So confirm that your Block A level 8 and 9 structure is up... rclxms.gif
CMW123
post Sep 5 2013, 02:18 PM

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Fantastic!

Initially I was guessing whether it's haze or what?
CMW123
post Sep 11 2013, 10:24 PM

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QUOTE(cheahcw2003 @ Sep 6 2013, 08:57 AM)
Nowadays difficult to find this mist feel and look property right outside your windows, fresh air is priceless.
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Any similar project in Klang valley?
CMW123
post Sep 24 2013, 09:29 PM

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Latest progress from facebook

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CMW123
post Sep 25 2013, 12:25 PM

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What is the size for the phase 2 duplex?

At RM1.2m, how much psf?
CMW123
post Sep 26 2013, 01:07 PM

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Haha...it will be from RM700psf for Phase 2, Phase 1 owners Huat ah!!



PETALING JAYA: Land & General Bhd (L&G) aims to sustain its financial outperformance for another three years, through expanding its landbank and organic growth.

The group was optimistic about achieving this through land acquisitions, riding on the ambition to reposition itself from the mid-size property player category to a large one.

Managing director Low Gay Teck said: “We hope to sustain the impressive growth over the next three years and we will do this by way of land acquisitions as well as through our existing landbank and projects.”

The group is in talks with several parties for either land acquisitions or joint ventures but could not reveal any details for now.

“We do not have an expansion target but we are looking for land where there is potential to generate high gross development value (GDV),” he said after the company AGM yesterday.

L&G has in total 2,800 acres of land – 42 acres in Bandar Sri Damansara, 190 acres in Negri Sembilan, 36 acres in Sungai Petani, 13 acres industrial land in Johor Baru and 2,500 acres of oil palm and rubber plantation nationwide.

L&G’s unbilled GDV and projects in the pipeline to-date are in excess of RM3bil, sufficient to keep its property division busy for the next five years.

When asked about softening property prices, Low did not see L&G facing such issues as the situation was area-specific, where the group did not operate in.

On enlarging its recurring income base, Low said the group had no immediate plans to expand its plantation operations but had been buying properties for investment purposes.

It recently acquired an office block in Putrajaya while it already has a commercial projecy 8trium in Bandar Sri Damansara and an investment in Vietnam.

Low said the group was not looking at any new overseas ventures, aside from its existing bungalow development in Hidden Valley, Australia.

For the financial year 2013, the group achieved a net profit of RM44mil, 45% higher than RM30.4mil a year earlier.

Its revenue was RM216.3mil, 65.4% higher than the RM130.8mil achieved a year ago.

The total assets grew by more than 15% from RM476mil to RM549.7mil in this period. Net assets rose by 15.8% from RM282.5mil to RM327mil.

The group was targeting to launching two of its upcoming projects in the third quarter of 2014 (3Q14).

The two projects are the Phase 2 of its Damansara Foresta condominium in Bandar Sri Damansara and the Tuanku Jaafar Golf & Country Resort project in Negeri Sembilan.

The Foresta Phase 2, consisting two condominium towers of 452 units, has a target gross development value of RM500mil. “The units are between 1,200 sq ft (sf) to 2,000 sf and while we have not finalised the selling price as it will be launched a year from now, we’re estimating a range from RM700 per sf.”
On its Negri Sembilan golf resort, he said there were still some development issues to be ironed out with the local authorities.

He noted that the local council had requested for some low-cost components to be included in the project but the group was undergoing some processes and discussion to waive it.


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