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Investment DAMANSARA FORESTA, A new development near Desa ParkCity

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leeyiksheng
post Jan 12 2012, 03:20 PM

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QUOTE(Trying my luck @ Jan 12 2012, 02:41 PM)
OCBC banker told me that the DIBS is not confirmed (Eventhough OCBC bank is one of the panel bank of Damansara Foresta), which put me in doubt, just curious if anyone of u had confirmed with the banker that the interest will be borne during construction period... (not sure is it the banker who is blur and when we reconfirm with the SA, she also never deny and instead tell us she will find out  hmm.gif )

I bought it for investment with my friend, looking at the pricing of BSD double storey terrace which costs 700+k now and DA which is selling RM600psf, this seems to be worthy as we are looking at the selling price which is after completion (3 years from now)... But I am very new in this and would like seek some advice here... =)

Aprreciate any comments if u find me being too optimistic here! blink.gif
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As far as I know, Alliance, Public, Maybank, and HSBC agents have confirmed DIBS, but I am not sure about OCBC because I was not interested with their offer when they told me it is semi-flexi loan. Not sure about CIMB.
leeyiksheng
post Jan 12 2012, 03:32 PM

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QUOTE(juinnchin @ Jan 11 2012, 03:14 PM)
Dont think they will open up Block C within this week....
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The SA who I deal with says another block will most PROBABLY (not certain) be opened for booking tomorrow.
leeyiksheng
post Jan 13 2012, 03:16 PM

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QUOTE(Seremban_Guy123 @ Jan 12 2012, 03:44 PM)
What is the starting price? hmm.gif
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The SA did not update me so I guess it's a no go for the new block. unsure.gif


Added on January 13, 2012, 3:18 pm
QUOTE(Trying my luck @ Jan 12 2012, 03:46 PM)
Thanks for your reply! You also getting one? Which block and how much psf if u dont mind to share?

smile.gif
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Block A. Around 455 psf after 2% early bird and 10% off.

This post has been edited by leeyiksheng: Jan 13 2012, 03:18 PM
leeyiksheng
post Jan 13 2012, 03:50 PM

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QUOTE(cheahcw2003 @ Jan 13 2012, 03:31 PM)
RM455psf, must be mid high floor
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Yes, got there late afternoon. Level 22. Type D. Should have gone early in the morning because I stay just across. sad.gif


Added on January 13, 2012, 3:54 pmJust received SA confirmation that Block C will have changes to their layout plan and it will not be launched today.

This post has been edited by leeyiksheng: Jan 13 2012, 03:54 PM
leeyiksheng
post Jan 13 2012, 04:09 PM

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QUOTE(juinnchin @ Jan 13 2012, 04:06 PM)
Lauching Block C soon ? is Block B all sold ?
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Last I know, Block B is almost 75% sold, but that was a few days ago. blush.gif
leeyiksheng
post Jan 27 2012, 11:41 AM

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QUOTE(lenovo_T60 @ Jan 27 2012, 11:26 AM)
Mbb agent doesn't accept loan application, not sure why.
Again,anyone cancel booking before? Can share your experience....
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I just communicated with the agent from MBB and she says MBB has not pulled out. As a matter of fact, she said MBB approved my loan, only pending some documents from the developer. Maybe you can contact your MBB agent again to ask for more details.
leeyiksheng
post Jan 27 2012, 11:50 AM

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QUOTE(1282009 @ Jan 27 2012, 11:47 AM)
Someone in page 32 of this thread also mentioned that MBB pulled out. I'm not sure why there's such a confusion or rumours. Competition?  rclxub.gif
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I come to realize that there are agents moonlighting personally for other banks. Perhaps it is best to check whether the agent is really representing MBB.
leeyiksheng
post Feb 21 2012, 05:09 PM

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QUOTE(1282009 @ Feb 20 2012, 10:26 PM)
Block C/D will be higher price.
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SA informed that Block D will be launched on 2 March. Not sure about pricing though.
leeyiksheng
post Feb 27 2012, 09:22 AM

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QUOTE(1282009 @ Feb 25 2012, 08:06 PM)
Just received the letter this noon. I think still have the 10% b'coz it's still mentioned about paying 10k downpayment only and yes block D  wink.gif

I don't think the price will be 550psft. Maybe just an increase of 50psft? Previously block A is starting at less than 450psft.
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Was informed by the SA that the starting price for Block D is 700K.
leeyiksheng
post Mar 1 2012, 02:46 PM

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Standard Chartered currently offered the best terms. -2.45 for 30 years. Single borrower.
leeyiksheng
post Mar 3 2012, 03:21 PM

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QUOTE(cheahcw2003 @ Mar 1 2012, 11:00 PM)
with SCB also joining the EF, i think this project has the longest list of EF i have ever seen.
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Maybank and CIMB pulled out. Affin, SC and Hong Leong are in.


Added on March 3, 2012, 3:21 pm
QUOTE(1282009 @ Mar 2 2012, 01:34 AM)
Need to buy MRTA or take their credit card?
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No need to by MRTA for most banks except Public Bank


Added on March 3, 2012, 3:22 pm
QUOTE(calvinyeap @ Mar 3 2012, 10:45 AM)
So anybody went today to the preview? How's the crowd, any updates?
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Crowd is lesser and sales is slow due to the price increase but people are still interested.


Added on March 3, 2012, 3:24 pm
QUOTE(1282009 @ Mar 2 2012, 10:47 AM)
Go to the sale gallery this weekend. Block D is opened for sales/preview. You can find more info in middle of this thread, somewhere between pg 20-30.

http://damansaraforesta.com/
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New marketing brochure with floor plans and specs enclosed. Pretty need, it's like a book or booklet.

This post has been edited by leeyiksheng: Mar 3 2012, 03:24 PM
leeyiksheng
post Mar 5 2012, 12:57 PM

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QUOTE(Pos86 @ Mar 4 2012, 06:54 PM)
I don't see any good reason why would a prominent bank would want to pull out in a sudden... A unit here could mean a 700k loan and no bank would want to miss out on this pie. I think we really appreciate feedbacks/opinions/comments in this forum but sometimes we need to substantiate this claim, and take initiative to verify the claim (and share the result to fellow forumers if you feel like to).

Anyway, I'm happy with my paper gain of over 60k smile.gif
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Maybank really did pull out. Their own agent told me. They were the first bank who approached me. Rumours that they pulled out because of some insurance which they wanted the developer to have. I cannot substantiate this.

Maybe they have settled this with the developer. I am not sure. Other bank agents have indeed said that CIMB also pulled out. But the withdrawal of Maybank was really confirmed by their own agent who was working out the loan for me.

This post has been edited by leeyiksheng: Mar 5 2012, 12:59 PM
leeyiksheng
post Mar 7 2012, 03:22 PM

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QUOTE(jasonv @ Mar 7 2012, 09:39 AM)
Does anyone know if Persiaran Meranti will eventually see a direct connection to Damansara Perdana? I noticed a road (presumably from DP) leading up to the Paradesa condos. It was blocked off though the last time I passed by.
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That is supposedly an emergency exit for Rafflesia development at Damansara Perdana. I really doubt LDP will allow a 'leakage' from Sri Damansara to Damansara Perdana just as they would not allow DPC to be connected to the village at the edge of TTDI. Just a thought.
leeyiksheng
post Mar 8 2012, 11:13 AM

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QUOTE(cheahcw2003 @ Mar 7 2012, 11:04 PM)
i dont mind to pay RM1 toll to get thru to DP from SD.
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I think it will be bad for Foresta and SD residents if it causes the jam like we see on LDP daily. Furthermore, Persiaran Meranti will not be able to sustain the traffic volume in its current state.
leeyiksheng
post Mar 9 2012, 10:02 AM

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QUOTE(frankor @ Mar 9 2012, 09:34 AM)
There is a proposed link from Damansara Damai but not sure if the Local Council havel approve the said link or not.

http://thestar.com.my/metro/story.asp?file...591&sec=central

Looking at it there should be a link but I believe Bandar Sri Damansara folk will strongly protest it.
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This links SD to DD. It does not link SD to DP. But the one being used by MK for Rafflesia high-end residential development does link DP to SD. I doubt MK themselves want to allow high traffic volume passing through their luxury bungalow-type houses. ;-) SD residents will definitely complain if this happens especially those staying along Persiaran Meranti, including those who bought Foresta to stay because that road is just not able to sustain it.
leeyiksheng
post Mar 13 2012, 02:13 PM

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QUOTE(jehutyz @ Mar 13 2012, 12:27 PM)
Are you sure? That day saw the ads in paper stated staring price from RM 1m.
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Ads on local papers say that the price is above RM1 million.
leeyiksheng
post Mar 25 2012, 12:33 AM

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QUOTE(1282009 @ Mar 24 2012, 11:31 PM)
Did u ask them to provide separate doc to state the DIBS offer?

I don't understand what u mean by "4 car parks in one row". Normally if its front/back is understandable but 4 cars? I believe the other 2 cars can go out from the other side while the other 2 can go the other way. Correct me if I'm wrong.

Something like this??
Wall--road A--car1 car2 car3 car4-- road B--wall
(car1/2 belong to your unit & can exit to road A, car3/4 belong to your neighbour & can exit to road B)

Maybe u can post the pic of the car park allocation here if any.
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I was informed by a manager from Foresta that we had actually signed a form stating the DIBS and the 10% discount when we booked the unit. A copy was not given to us at that time because it was not advantageous for our banking loan (getting 80% instead of 90% if the bank knew about it, the bank agent also told me the same thing which is why they never reported to their higher ups on this discount).

She also told me that the document will be given to us once the SPA is signed and included in the completed agreement. And we can ask for a copy now if we want to but we must get it from their office or contact their staff to email it to us which I did. Hopefully, I will get it before I sign the SPA on Monday night.

Attached is a copy of the car park layout for Level 5. I am quite pleased with my allotment because it is near the entrance and to my block. But the SPA had an error, giving me Level 6 instead of Level 5. So better check the agreement carefully. I asked the lawyer to send me a draft copy for viewing before signing though it's a bit late.

Oh, I was informed by the solicitor that for Block A owners, if we do not execute by 27 March 2012, the developer may forfeit the 10% discount although I did not ask my agent nor the manager whether this true. Perhaps you guys can check it out with your agents.

Anyone else signed the SPA today?




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leeyiksheng
post Mar 25 2012, 10:06 AM

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QUOTE(1282009 @ Mar 25 2012, 03:03 AM)
Thanks lee. This is great info. Hope to get mine signed within couple of days. By the way, where did u arrange for the signing, Foresta sales office or solicitor's office?
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The sales agent arranged for the solicitors to sign with purchases at Foresta sales office this weekend. They should be there today as well. But since there are amendments to mine, she will actually meet me tomorrow at Sri Damansara and sign over a cuppa. ;-)
leeyiksheng
post Mar 25 2012, 06:10 PM

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QUOTE(1282009 @ Mar 25 2012, 12:30 PM)
I think he asked solicitor to send him the draft copy before signing.
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Actually, I was at the sales office for the signing yesterday and while going through the details, I asked the solicitor to provide the layout for my parking lots. On the SPA, it is stated Level 6 but when I check against the layout, it did not make sense because my lots were split by another lot! So, I questioned her sternly why was this so because it's absurd as my cars will be at the mercy of another owner!

So, she went and check again the details with the developer and guess what? The solicitor made a typo. The parking lot units were correct but the level was wrong. It was stated Level 5 on the developer's listing. So, this is one of the amendments which they are going to make before I sign the agreement tomorrow night. ;-)
leeyiksheng
post Mar 26 2012, 10:38 AM

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Just received a fax copy of the Acknowledgement which we signed during the booking. It does mention the DIBS scheme but not the 10% rebate although I think after dealing with them for some time now, this developer seems trust-able for what they have promised.

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