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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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cheahcw2003
post Jan 10 2012, 06:17 PM

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QUOTE(zuiko407 @ Jan 10 2012, 06:13 PM)
you can queue early the morning on day 1, grab one then offer to friends with some pocket money 20K when another phase launch with much more higher price.if you friend do not entertain, you lost 600 only
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this shd not be encouraged actually. Those who really want to buy and genuine buyers will buy at higher price which is unfair to them.. Taking advantages of friends also not right. Developer also shd not allow this happen.


Added on January 10, 2012, 6:18 pm
QUOTE(zuiko407 @ Jan 10 2012, 06:13 PM)
you can queue early the morning on day 1, grab one then offer to friends with some pocket money 20K when another phase launch with much more higher price.if you friend do not entertain, you lost 600 only
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this shd not be encouraged actually. Those who really want to buy and genuine buyers will buy at higher price which is unfair to them.. Taking advantages of friends also not right. Developer also shd not allow this happen.

This post has been edited by cheahcw2003: Jan 10 2012, 06:18 PM
cheahcw2003
post Jan 10 2012, 07:10 PM

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QUOTE(zuiko407 @ Jan 10 2012, 06:30 PM)
this's kind of old and hot tactic quite active during 4th quarter 2009 - mid 2010. some highend landed development in very good location with 1.5mil - 2mil price tag even can make more $$, easily 80k-100k kopi O + milk $$$.
nowadays many developers are not encourage to do so hence they wont allow name transfer in the 1st place, i'm sure L&G knowing that, since they're so flexi means...................
you know i know lar..........
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Reputable developers like spsetia, Mahsing, ijm do not allow change name prior to signing snp. The only exception is among family members, and yet need to prove by birth cert/ marriage certificate.

LNG launch this project at tough time, economy slowdown, banks tightening, so they afraid slow down in demand so they try to be flexible.
cheahcw2003
post Jan 10 2012, 08:02 PM

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QUOTE(1282009 @ Jan 10 2012, 07:51 PM)
But if u read up clause "d" in back page of the sales form, no transfer is allowed before signing of SNP & also unless written approval is provided by the developer.
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SA said can change.
cheahcw2003
post Jan 11 2012, 11:03 AM

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QUOTE(kochin @ Jan 11 2012, 09:07 AM)
eg. SA say can name change prior to signing SPA but form says otherwise? bankers say 3 years lock-in period from SPA signing date rather than drawdown date? etc.
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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
QUOTE(ManutdGiggs @ Jan 11 2012, 09:21 AM)
Dun worry bro kochin, no need to b afraid. I think if u cal bro cheah mean he is a guy.  Maybe just a bit, a bit onli har, defensive in his statement. But its normal cos s someone mentioned, 賣花讃花香.
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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
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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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.

This post has been edited by cheahcw2003: Jan 11 2012, 01:53 PM
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
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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.

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
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

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.
cheahcw2003
post Jan 12 2012, 01:44 PM

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QUOTE(kochin @ Jan 12 2012, 12:55 PM)
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?


The building is nothing great. Just a normal design that u can see in Mont Kiara, so they need to sell based on their selling points, i.e. the reserve forest. Leverage on the community living, facilities, amenities, and etc. The units are design such a way that all bedrooms/living can see the pool/forest.

The building and image of the units could be seen in the showroom.
cheahcw2003
post Jan 12 2012, 02:01 PM

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QUOTE(Trying my luck @ Jan 12 2012, 01:55 PM)
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?

Mr Cheah, I get to know that u also booked a unit in Block A from the earlier posts, have u checked with ur banker, do u face the same issue?

Thanks so much! =)
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There are few banks that already confirmed got DIBS, some are not confirmed. U can go ahead with those banks that already confirmed the DIBS. Your SA shd be able to tell u.
cheahcw2003
post Jan 12 2012, 02:16 PM

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QUOTE(Trying my luck @ Jan 12 2012, 02:07 PM)
Thanks a lot, Mr Cheah. May I know which bank u apply your loan with?
Btw, my unit at Block B is abour RM520 psf after discount and it is at 33rd floor, is it a good choice? Hope can get some advice from the experts...Thanks again!
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WHich bank told u cant give DIBS? You buy for own stay or investment?
I have not applied any loan yet, no hurry for me as i have already falled under LTV70%

cheahcw2003
post Jan 12 2012, 02:30 PM

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QUOTE(calvinyeap @ Jan 12 2012, 02:27 PM)
Hi Cheah, this might sound stupid, but what is LTV70%?
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Loan to Value 70%, for those own > 2 housing loan, they can only borrow 70%.
Since i am under this catagory, i need to pay 1st 30%, so i have plenty of time to apply for loan. I need to offload some other units 1st.
cheahcw2003
post Jan 12 2012, 02:43 PM

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The Master Plan of the 21 acres developed area. Block No 4, is Block A
user posted image
The 4 black areas represent the different phases, the one on the right hand side is phase 1, there is a big green area in between Phase 1 and Phase 2
user posted image
Some of the ammenities
user posted image

user posted image

user posted image
cheahcw2003
post Jan 12 2012, 02:53 PM

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QUOTE(kochin @ Jan 12 2012, 02:48 PM)
cheah, ur first pic got orientation or not? where is north?
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North is on top. Take Tower 4 (Block A) for example, facing pool is facing West, facing Phase 2 (blocj 5&6) is East.


Added on January 12, 2012, 3:06 pmAs some of the forumers comment, the building looks so-so only
user posted image

All car park is underneath, 7 floors carpark
user posted image

Entrance for Phase 1
user posted image

Few Canopy walks, and lookout points:-
user posted image

user posted image

user posted image

This post has been edited by cheahcw2003: Jan 12 2012, 03:06 PM
cheahcw2003
post Jan 12 2012, 03:25 PM

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Show unit Picture for Type 1A/ 1B (1426sqft)
user posted image

Living room, the one that closed by blue clooth is balcony, under con
user posted image

Free BASIC kitchen cabinet
user posted image

Maid room and maid bath
user posted image
cheahcw2003
post Jan 12 2012, 04:15 PM

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QUOTE(sunnyK @ Jan 12 2012, 03:29 PM)
Mr Cheah , very nice pics but why you show maid's room and bath instead of the masters
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some family was stucked in masterbeedroom for like> 15 mins, discussing how they want to decorate their hse/room. I hv no patient to wait. So just cabut after I took the maid room pic.

cheahcw2003
post Jan 12 2012, 06:18 PM

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QUOTE(hbgoh57 @ Jan 12 2012, 06:09 PM)
rclxms.gif Wow...you even manage to get the master plan for the project..seems like you done a lot of research and is very confident about the project..Can call you foresta sifu  notworthy.gif

Well just curious, do you have any backup plans just in case you are not able to sell at the price you targeted...rent out?own stay?
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yeah, for each property that I hv invested I usually do at least 30 hours research. The masterplan is available in the showroom. Any visitors can take the pic.

Back up plan? If can't sell at my target price rn560psf, then lower my target price. My break even price is RM406 excluding all the miscellenuos cost.
cheahcw2003
post Jan 12 2012, 07:49 PM

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QUOTE(hbgoh57 @ Jan 12 2012, 07:40 PM)
Anyone been to the sales gallery lately?How is the sales for block b so far?
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Block B sold till 24th floor as at noon today.
From 25th till 35 floor 50% sold.
cheahcw2003
post Jan 12 2012, 11:22 PM

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QUOTE(awdarr @ Jan 12 2012, 11:16 PM)
Thanks for sharing the photos. When I went to the show room last time, the balcony is not under construction. BTW, the fitting for bathrooms are also part of the freebies. 1 of the agents told me there's no need for water heater as there's solar installed or something. Do you aware on this?
I did notice that there are some trees on the roof top. Does that mean there's a roof garden? It's not mentioned in the brochure though.


Added on January 12, 2012, 11:18 pm

Why do u say that? I thought we need to rush to sign the SNP which is somewhere after CNY, nop? Kindly clarify as I'm in the same situation as you.
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yes all blocks come with roof top garden.
cheahcw2003
post Jan 13 2012, 01:44 AM

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QUOTE(1282009 @ Jan 12 2012, 11:47 PM)
Why there are only 7 units on 17th floor in each block? Any idea the space for the extra unit is for what purpose?

Is the sliding glass door separating the kitchen & dining room part of the layout or just for the show unit?
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17th floor got water pump.
The sliding door in the showroom is just ID, not included.

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