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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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Seremban_Guy123
post Jan 11 2012, 05:08 PM

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QUOTE(Seremban_Guy123 @ Jan 11 2012, 04:43 PM)
Bro Chew, you are really a genuine investor. I respect you
based on your explanation above. rclxms.gif
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Bro Chew, One more question to you...
If DF hold another 10 years after completion.
What is the price per sqft like? thumbup.gif
cheahcw2003
post Jan 11 2012, 05:18 PM

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QUOTE(Seremban_Guy123 @ Jan 11 2012, 05:08 PM)
Bro Chew, One more question to you...
If DF hold another 10 years after completion.
What is the price per sqft like?  thumbup.gif
*

I wish I hv a crystal ball to see the price after 10 years, I.e, year 2022.
I plan to let go in year 2015, the price movement is depends on many economic factors such as the GDP/ income per capita growth, CPI inflation rate. And how well the developer execute the phase 1 and the 21 acres forest reserve.
I believe my target price rm580psf is acheivable in 2015, judging from TA- Dsara Avenue Azelia already selling from RM650psf now.

SueN
post Jan 11 2012, 05:40 PM

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Hi! Pls feel free to call me at 016-5944629 if u need to apply from PBB. I will follow up your case closely. Btw, for PBB the lock-in period is counted from first drawdown. Thanks!
sunnyK
post Jan 11 2012, 07:01 PM

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i read the brochures again and it states development plan approved by MPPJ , does it mean this DF will carry a PJ postal address rather than KL
cheahcw2003
post Jan 11 2012, 07:04 PM

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QUOTE(sunnyK @ Jan 11 2012, 07:01 PM)
i read the brochures again and it states development plan approved by MPPJ , does it mean this DF will carry a PJ postal address rather than KL
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Yes the current BSD is under KL address
sunnyK
post Jan 11 2012, 07:08 PM

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if that is the case , then the approval body should be DBKL
adli8
post Jan 11 2012, 07:37 PM

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QUOTE(sunnyK @ Jan 11 2012, 07:08 PM)
if that is the case , then the approval body should be DBKL
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If not mistaken my mom's house in sd9 BSD, address is KL but pay cukai pintu MPSJ
mellomm
post Jan 11 2012, 09:25 PM

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Quality of lng developer? Hmmm. Rm100k profit not the risk i ll take
1282009
post Jan 11 2012, 10:01 PM

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QUOTE(sunnyK @ Jan 11 2012, 07:08 PM)
if that is the case , then the approval body should be DBKL
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Any difference if it's KL or PJ?


Added on January 11, 2012, 10:03 pm
QUOTE(cheahcw2003 @ Jan 11 2012, 11:03 AM)
well, u guys have the wrong focus on the prop investment, instead of looking at the big picture, u trying to "pick the bones from the egg". In business world, verbal commitment is also has legal implications. If the sales told 100 ppl can change names prior to snp, then it will hv the legal implications. Similarly on the banker's side.

I am a genuine investors, I will not change name and sell my units for some kopi money (due to personal ethics), i hv also decided to hold it till completion. So if the completion period is 42 months as promised, it will not bother me as genuine investor if the lock in period counted fr snp or 1st drawdown.

When other forumers raised the questions abt change names and lock in period, I just shared what I hv heard in the showroom. If u hv suspiciuos u shd reconfirm it thru the correct channel but not to create a drama here. I choose to believe what I hv heard.


Added on January 11, 2012, 11:10 am

kochin asked my opinion abt this project. If u read my previous posting, my opinion covers both advantages and disadvantages. It is up to u to interpret. If u think u hv better idea u can share with us. I m not a sales so your accuse of 卖花赞花香 is not appropriate.


Added on January 11, 2012, 11:26 am

I just set my target based on the psf. If I were to sell at RM560psf upon completion, then I would be able to sell it at 800k. I can't tell u whom will be my potential purchasers, but based on my investment of similar value prop, I had sold to:-
a) a fresh grad, father mother pay deposit and become the loan guarantor
b) a newly married couple with double income
c) a Malaysian who worked in overseas and came back for good and looking for a place to stay
d) retirees couple

The above were my personal experience.
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Agreed! nod.gif


Added on January 11, 2012, 10:05 pm
QUOTE(eddychstu @ Jan 11 2012, 02:46 PM)
^ very rare chance for block C, even block B there is no more below 600k after discount, cheapest from 710k onwards before the 10%.
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Cheapest should be 800k now for block B (before 10% disc).


Added on January 11, 2012, 10:05 pm
QUOTE(juinnchin @ Jan 11 2012, 03:14 PM)
Dont think they will open up Block C within this week....
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Yup, otherwise it will be a long break next weekend due to CNY.


Added on January 11, 2012, 10:25 pm
QUOTE(ahken100 @ Jan 11 2012, 02:35 PM)
Guys, how the Block B status? Got reach up to 90% sold? I wonder know, when the block C to be launch and what the best price from 8th to 10th floor? Possible can get it below 600K after discount for the unit let say type A or B?

Otherwise waiting those booking loan rejected then another buyer is a chance for Block A & B.
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I asked the agent what if I cancel my booking due to loan not approved. He said the unit will be released to public but will follow the price of the currently opening block. So do not expect the price of block A or B for those units with loan rejection.



This post has been edited by 1282009: Jan 11 2012, 10:25 PM
cheahcw2003
post Jan 11 2012, 10:31 PM

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QUOTE(1282009 @ Jan 11 2012, 10:01 PM)
I asked the agent what if I cancel my booking due to loan not approved. He said the unit will be released to public but will follow the price of the currently opening block. So do not expect the price of block A or B for those units with loan rejection.
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Confirmed the above

hbgoh57
post Jan 11 2012, 10:55 PM

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Was just wondering the RPGT will be based on snp price or the price after discounT?
cheahcw2003
post Jan 11 2012, 11:02 PM

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QUOTE(hbgoh57 @ Jan 11 2012, 10:55 PM)
Was just wondering the RPGT will be based on snp price or the price after discounT?
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usually the snp price. This is the only price record wiith land office. So u pay lower RPGT if follow snp.
propertyselangor
post Jan 12 2012, 12:52 AM

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QUOTE(Seremban_Guy123 @ Jan 11 2012, 08:36 AM)
Bro Chew, the working person who will buy
your unit at RM 800k 3 years later normally
of which type of job category? Young age
may get longer repayment period but the old
age boss type ppl may need to pay higher
repayment loan amount.

In this case, may need to lock a target to those
young age boss or probably from a rich family
back ground or couples who joint earnings per month
more than RM 15k per month.

Please correct me if my statement above wrong.  brows.gif
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Hi, SG, Bro Cheah bought his at RM406psf, he is in driving seat, he can keep or run anytime.
On paper, he already made >RM50psf.

If your viewpoint is people cannot afford high price condo at >RM800K, i stand to be differ.
I think, KL and PJ is eventually going to be like Singapore, HK, or may be Tokyo.
Town city good condo is not going to be for the average wager without other source of wealth.
However, there is going to be more and more millionaire or billionaire.
If our infra is still not catching up with the development, everyone will need to stay near their workplace.
mklm
post Jan 12 2012, 01:10 AM

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Anyone got the sales agent email or contact for this project? Please PM me. thanks!
kochin
post Jan 12 2012, 09:04 AM

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can somebody or anybody (just as long as it is not nobody) upload the brochures for this project?
preferably the master plan, the orientation, and also floor layout.
thanks.
calvinyeap
post Jan 12 2012, 10:03 AM

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QUOTE(kochin @ Jan 12 2012, 09:04 AM)
can somebody or anybody (just as long as it is not nobody) upload the brochures for this project?
preferably the master plan, the orientation, and also floor layout.
thanks.
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This post has been edited by calvinyeap: Jan 16 2012, 07:16 PM


Attached thumbnail(s)
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Trying my luck
post Jan 12 2012, 12:15 PM

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Hi to all experts above, I also booked a unit of type B at block B, contacted a banker to go for loan application, but the banker just inform me that the DIBS is not confirmed at the bank side, which mean I may have to pay the interest during the construction period?

Is this true? Any of u all come across this? Contacted the sales agent and she also dare not deny the above statement, and just said the developer is trying now. What is ur suggestion?

Thanks so much!
zuiko407
post Jan 12 2012, 12:25 PM

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the layout so so only..
Seremban_Guy123
post Jan 12 2012, 12:43 PM

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QUOTE(zuiko407 @ Jan 12 2012, 12:25 PM)
the layout so so only..
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Agree with you. The layout not so impressive.
Bro Zuiko, will you buy this? hmm.gif
kochin
post Jan 12 2012, 12:55 PM

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layout is boxy and practical type albeit boring and unsexy.
but notice quite a few potential major flaws in it.
the brochure is also selling heavily the concept of the forest and conveniently and totally forgot about the actual product itself.
it's strange to note the brochure which is suppose to sell the unit itself, does not carry any shots of the building and images of the unit. so what does that tells you?


Added on January 12, 2012, 12:56 pmcalvin,
a big thanks for uploading the brochure.
rclxms.gif notworthy.gif icon_rolleyes.gif

This post has been edited by kochin: Jan 12 2012, 12:56 PM

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