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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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1282009
post Nov 10 2012, 07:00 PM

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QUOTE(Pos86 @ Nov 10 2012, 06:32 PM)
Some people seem to have a crystal ball hidden under their pillow. Again, talk is cheap, as what we say talk also no need capital. Highly speculated project - please substantiate? Majority buyers are in their top form 40's, some 50's, some youngsters like me who manage to make a decent living, and some youngsters who are lucky enough to have parents as sponsors. Yuppies are not really interested in BSD as they prefer MK, golden triangle and Puchong.

Come February, price drop by 20%? It's good for us who buy for own stay - things will be real cheap and I will be ready to go into some other growth areas. And I'm assuming you're talking about the general election, whether the outcome is expected or unexpected, the fundamental of evolution remains - people will always need a shelter above their heads. Whether BN or Pakatan, I'm ready for different plays with whichever party that will rule for the next 5 years. Which is what you should do now, rather than whining, speculating, and a little complaining.
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1282009
post Nov 10 2012, 07:51 PM

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QUOTE(Malaysian_driver @ Nov 10 2012, 07:27 PM)
If you are buying into DF for rental, you might find this helpful.  A chart I got from another forum, shared by kh8668.
Bandar Sri Damansara rental growth is 14% comparing 2011 to 2012 but remains at below RM1000. 

http://static.lowyat.net/uploads/attach-32...-1351337782.jpg
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BSD currently only has lower to mid end apt/condo. The most expensive one is Paradesa Tropika only. This part of the town will change after DA and FD are VP.


1282009
post Nov 11 2012, 10:39 AM

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QUOTE(ARAG @ Nov 11 2012, 08:34 AM)
Saw in my bank statement that the following have been debited:

1. Interest charges
2. Processing fee for drawdown - RM200
3. Monthly service charge - RM10

So under DIBS developer only pay for the interest charges only, is it? So i have to pay for the processing fee and service charge myself?

Interest charges was debited on 31 Oct 2012. When is the payment due date and when will developer pay?
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That will mean your loan is full flexi. So far I was only charged for progressive interest since mine is semi-flexi. Initially I wanted full flexi loan too but somehow it turns out to be the other way round.


1282009
post Nov 11 2012, 04:49 PM

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QUOTE(ARAG @ Nov 11 2012, 03:52 PM)
Sifu, what is progressive interest?

For full flexi i thought when VP can withdraw some FD to pay into the loan A/c to reduce the interest charge

When developer will pay the interest charge? If debited on 31 Oct means when is the due date?

Thanks
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I am no sifu, just a normal purchaser wink.gif

Yes, for flexi loan, u can always dump your extra cash to offset interest after construction period is over. But for now, u are paying the RM10 monthly charge for nothing since this is a DIBS project. 3.5 years x RM10 = RM420. I'm not sure how much bank will charge if we want to convert the semi-flexi to full-flexi loan after VP. Last time my banker said is RM200 (not confirmed).

For my case, developer is late to pay the interest every month. So bank is charging the late payment fees but no problem till now (3 months already) as developer is also paying the penalty charges together with the progressive interest. It appears that L&G does not seem to mind paying the late charges even though I've called their credit control dept about the due date for my loan a/c.

Hope the info helps.


Added on November 11, 2012, 4:51 pm
QUOTE(CMW123 @ Nov 11 2012, 03:54 PM)
+1  rclxms.gif

Suddenly the peaceful forest become like Iraq war zone...
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Yup I was shock to see the "war" .. making Foresta closer to page #100! shocking.gif



This post has been edited by 1282009: Nov 11 2012, 04:51 PM
1282009
post Nov 13 2012, 01:12 AM

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QUOTE(cheahcw2003 @ Nov 12 2012, 09:27 PM)
if not too windy, can have roof top BBQ or functions ther.
hmn....82th floor...just few floors lower than Petronas Twin Towers leh.
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Based on the calculation, my unit is over 60th floor... rclxub.gif


1282009
post Nov 13 2012, 01:20 AM

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Btw, there are 12-pages in Nov iProp magazine on L&G props with 4 pages on Foresta.



This post has been edited by 1282009: Nov 13 2012, 01:20 AM
1282009
post Nov 13 2012, 10:52 PM

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QUOTE(eddychstu @ Nov 13 2012, 10:22 PM)
OT again are we? laugh.gif
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OT? Out of Topic? I think so.. lol




1282009
post Nov 14 2012, 11:21 AM

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QUOTE(Chris Chew @ Nov 14 2012, 01:44 AM)
42 acres. 11 blocks and total 2800 units.

Phase 1 consists of how many units and blocks?

Any idea how many blocks they gonna deliver in 4 years time from S&P?
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Phase 1 total 4 blocks 928 units. The other phase wont be so soon, maybe another 8-10 years or longer? Some said it could be duplex big size units?


1282009
post Nov 14 2012, 11:35 AM

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QUOTE(fongozic @ Nov 14 2012, 11:28 AM)
Maybe like putramas Jln Kuching project
Phase 1-4
Almost 10years now phase 3 -royal regent

Maybe DF will be faster for the whole master plan
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Since this is on a hill, might take longer for the other phases..


1282009
post Nov 15 2012, 01:41 AM

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QUOTE(cheahcw2003 @ Nov 15 2012, 12:43 AM)
It might not because of price. TA's Damansara Avenue was sold at RM600psf one year ago. Westside 2 is easily more than RM700psf, so RM530psf is among the lowest.

Most of the banks allocate a certain % of quota for each projects, so once the quota is met, then they will stop processing new loan application. My last visit during the Block C preview, i still seen HSBC staffs stationed there.
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+1


1282009
post Nov 15 2012, 03:49 PM

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QUOTE(Chris Chew @ Nov 15 2012, 12:04 PM)
Haha. He too obvious with new nicks replying each other in few threads and really promote Cititool very well.

I dunno wat is the benefit but others pls becareful of the keylogger.
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Pretty obvious. I just ignored.. LOL.


Added on November 15, 2012, 3:50 pm
QUOTE(fongozic @ Nov 15 2012, 03:04 PM)
you mean  "chucheongfan"?

maybe he dont know Citibank not the panel bank for DF
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Bro, did u purchase DF unit?



This post has been edited by 1282009: Nov 15 2012, 03:50 PM
1282009
post Nov 17 2012, 02:56 PM

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QUOTE(cybermaster98 @ Nov 17 2012, 01:53 PM)
1) Why only 40+% sold?
2) I thought its from 600 psf?
3) What are the best locations for this condo? Which level? Any obstructions? Drawbacks?


Added on November 17, 2012, 2:07 pm

What makes you think DF is over-priced? Just asking for your opinion and info
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Just my personal views on below.

1) Why only 40+% sold? - Sales is slowing down since this is the last block and majority are own stayers but sales is closing to 50% which is not bad at all in my opinion.
2) I thought its from 600 psf? - Starting from 530psf for this last block.
3) What are the best locations for this condo? Which level? Any obstructions? Drawbacks? - Anything above level 10 to avoid noise from facilities or swimming pool. Block C is directly facing the pool/forest so the obstruction is the forest/hill (LOL). Drawback is subject to individual - some not prefer staying on hill due to height, some said this will be very high dense place (future 3 more phases to come) but will be in next 10 years time span, etc.


1282009
post Nov 18 2012, 03:36 PM

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QUOTE(cheahcw2003 @ Nov 18 2012, 11:30 AM)
If talking about entire phase 1, it is > 80% sold.
Earlier prices attract bown investors and own stayers. Now price has been increased. Only own stayers will go in at this stage. Or maybe buy from Block A subsales after 3 years at the current Block C price? Keke.
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After 3 yrs, still at block C price? unsure.gif


1282009
post Nov 23 2012, 09:33 PM

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QUOTE(CMW123 @ Nov 23 2012, 09:10 PM)
For Block D, right?


Added on November 23, 2012, 9:10 pm

Only Block C start with 8%


Added on November 23, 2012, 9:13 pmToday is 23th and developer still have not pay the interest charges in my DIBS account

Anyone has similar experience??

Do we need to call n remind them?
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For my first month, I did call them to remind them. Thereafter I didn't bother anymore. They are late to pay between 1 to 2 weeks every month. So they end up also paying the late charges too and this developer does not seem to mind.

Btw, will late payment on DIBS project on progressive interest affect one's CCRIS score?



This post has been edited by 1282009: Nov 23 2012, 09:42 PM
1282009
post Nov 24 2012, 12:21 AM

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QUOTE(dragon_lee @ Nov 23 2012, 11:14 PM)
Boss,

The best solution is to visit bank negara and go to their CCRIS Kiosk to print out the statement ..
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Boss, plan to go next week since long time didnt get the report already. i did call the bank hotline for enquiry. Arrear for late progressive interest will also be recorded in ccris report. I hope the person is wrong.


1282009
post Nov 29 2012, 11:32 AM

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QUOTE(fongozic @ Nov 29 2012, 09:54 AM)
the DF will each block distance will end up like this :

https://lng.ebssb.com/pds/module/api/images/facilities_l.png
or like this : ?

http://pictures.my.ippstatic.com/developer...b23ff504aec.jpg

while according to the sale gallery model is diff too
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should be first one. The sketch copy is also in SPA.


1282009
post Dec 4 2012, 01:46 PM

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QUOTE(fongozic @ Dec 4 2012, 12:05 PM)
there is some error on this pic plan.
Block B no8 should be Type D right?
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Yup.


1282009
post Dec 4 2012, 06:19 PM

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QUOTE(CMW123 @ Dec 4 2012, 06:08 PM)
How is the sales?

Found out during Star Property Fair that there are still about less than 10 units available in Block A pulak..
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Could be loan rejected and/or bumi units? hmm.gif

Last Block C is roughly 50% sold based on the online booking site.


1282009
post Dec 5 2012, 12:09 AM

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QUOTE(stevecheahsw @ Dec 4 2012, 11:59 PM)
Don't believe that booking stickers!


Added on December 5, 2012, 12:02 am

U know the open units floor?  How much they revised the price?  20k?  30k? or higher. ..??
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Then just wait for their half yearly update in http://ehome.kpkt.gov.my/main.php site to get the actual sales figures.


1282009
post Dec 15 2012, 12:41 PM

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First time the developer has paid the progressive interest within the grace period. I hope they keep it that way.



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