Believed sales pick up after the showroom is up as people can see and touch the concept and material...

How you guys compare this to BU 9 ceta block which have built and sell? They have bigger sf 26xx and cheaper price?

Any comments from you guys?

hi

anyone know which panel bank for this project? any banker here? thanks.

This project has been selling for 2 years. The problem they are facing is the size is too big and this ultimately making the absolute price high. The location of the site is near to the HT wire, this make the project a discount on consideration. Just my 2 cents.

Yes, BU 9 entry price starts at RM1.1 M. High density per block, over 900 units in 3 blocks vs Aragreens 700 units spread over 6 towers. Build and sell, lower chance for capital appreciation (or speculation?) over 3 years and most buyers are for own stay. Good for those in need of immediate occupancy. Aragreens has more unique concepts...

hi, the panels are HSBC, PBB, UOB, MayBank and AmBank.

Also MBSB and Al Rajhi Bank

if i had sign offer letter, m i still can choose other bank who better offer? any fine from bank?
anyone can commend for me?

Which bank give better offer and on what terms?

But if you calculate their psf price, still aragreen selling at higher price. I agree with you that aragreen do not have HT wire around, hence leave it a peaceful place to live.

too big? Isn't that better like 26xxsqft where by aragreen 4+1 about 2000sqft...

Anyway I look in to aragreen..

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Added on July 16, 2012, 5:33 pmFor example if I am looking for own stay, 4-5 bedrooms. Aragreen fetch higher price than BU 9 currently. Density almost the same 700 vs 900? How if aragreen stop works like 3 blocks which are near to aragreen. There 're risk as well.

How do you see capital appreciation at aragreen?

I had chosen aragreen over bu 9 since ara damansara fetch quieter location. With almost the same amount of money, I get 4+1 bedrooms 2000sqft in aragreen and 26xx sqft 4+1 in BU 9.

Due to the high floors, we have to wait long long time in lift, if we stay 20 floors above in BU 9.

Just my 2 cents.

This post has been edited by jason57: Jul 16 2012, 05:33 PM

Aragreens is targeting a niche in health and wellness and green technology residence. It call itself one of its kind in the region meaning that it does have its USP (unique selling points) vs others.

Although the psf price is high, believed that it take a lot of PASSION of the developer to come out with this for e.g. a more commercially driven developer would not have adopt the current design which result in less saleable area (someone even call the design as a architect's wet dream which only looks good on paper but not commercially viable), to provide so many green features and green technology that many buyers would think are good to have but would be better if u reduce the selling price as they don't think it's necessary, the over 60% of community space allocated which can easily allow for another block for sale etc.

Believed this represent a niche that will be on the priority of more and more people over time. Being the pioneer project in this niche and if it's executed well upon VP in 3 years time, the market will give it the fair value that it deserves

HSB looking at launching similar projects in Cyberjaya, Penang, China...

So touching

Developer with passion and not $!!!

Sure boh???

a developer's passion costs buyers RM750psf just beside longkang and loji

Construction progressing fast at site...


Attached thumbnail(s)

See this, Ara Green will be Well Known to International Market because of one of the property under category GBI. Its fair if compare to TROIKA which same specs eg double glaze, rain water harvesting, recycled material etc... Now TROIKA reach RM2,000.00 PSFT.... might be similar to Ara Green.
So Ara Green is not targeted to Local only, its Global product. I'm do architect, so i believed not all developer take a risk for GBI status which is you have to spend more such u need Green Consultant and mostly consultant are not local and they charge higher in the end result far more better than local Consult... in the future, running Cost for Ara Green reasonable... this Ara Green its 10 years ahead than other Condo, except TROIKA. like BU9, it just normal Condo. But Ara Green is long term investment.

The Star
By Housing Investments
By THEAN LEE CHENG | Jul 21, 2012

Can we afford to buy that property?

THE last two weeks were rather sobering.

There was this small 700 sq ft condominium unit that seemed rather promising for retiring in, priced at more than half a million ringgit. There were no steps to manoeuvre, no slippery floor tiles and the bath was elderly friendly. The project had all the merits for retiring in with nearby amenities.

There was another unit, about RM800,000, which was about twice the size, which, from the start, was way beyond the radar of affordability. So off to the financiers.

The first, after looking at the relevant documents, and assuming the purchase would be for the small unit, looked up and smiled broadly. Doable!

The little heart smiled, relieved! Incidentally, according to ancient Chinese culture and beliefs, it is the heart that is the fountain of wise decisions - and bad ones - not the mind. That is why, the word wisdom (hui) is written with the heart symbol as its base, or root word. Unlike Romanised languages, Chinese is based on pictograms or pictures.

So let’s consider the second and bigger unit. Doable! That is shorthand for getting the bank’s stamp of approval, that is, getting a loan would not be a problem.

But wait! It will be a stretch after retirement, she cautioned.

A second and third bank officer were consulted. Both gave an outright No! even for the small unit.

The conversation went something like this:

“We could approve it for you. We just lengthen the tenure up to 20 years but you make your repayments based on a 10-year tenure. But you will be the one to suffer when you retire.”

The third officer said: “You can put in 40% of the purchase price, instead of 10%. Or you can stay with 10% downpayment, we stretch your repayment, but six months before the unit is completed, you sell your present house, and put in a big lump sum. But you will be the one to suffer because it is a huge risk you are taking.”

They said it will not be right to earn the commission because they will not be doing their good turn for that day if they were to go ahead with the loan application. They want the good karma to remain with them. Both convey the same message – not a wise purchase at all. So perish the thought.

Before parting ways, they brought up several reasons why a property purchase was not the best decision. That was when the moment of truth came, which brought about the sobering effect, came. Being a bit defiant, another type of financier – certainly not an Ah Long – was consulted; a reputable lender, but one that does not come under the purview of Bank Negara’s regulations.

Incidentally, the most recent change in lending criteria when evaluating loan eligibility is based on the net income of applicants, and not the gross income, as was done previously.

This new lending guidelines deduct all personal commitments which may include car and computer loans, personal and credit card loans. It also includes contributions to the Employees Provident Funds and other deductions. The loan application is based on the net figure.

Another broad smile came from the fourth financier. No problem! Doable. Unfortunately, the terms and conditions are not attractive. At that point, the question was not how desirable the property may be, but how much does one want it? Does the end justify the means?

When one arrives at such a metaphorical fork in the road, there will be two sets of emotions. The greedy little heart says, “Go on, take the risk”. And there will be all sorts of justifications – you’ve worked long enough and you deserve it. While wisdom says, “Wait! How will you finance it after retirement? Do you want this apartment at all cost?”

The crux of this rigmarole is this, there are always ways to get around to getting around rules and regulations in order to have what we perceive as “our prize”.

When it comes to the stage when one wants something at all cost despite the hordes of naysayers and the little barriers to entry, then maybe it is best to just walk away.

A property consultant said he has come across clients who want to buy a property so much that they begin to take all sorts of risks. “Buying a property should not stretch one’s resources to the point of having to give up the little treats in life,” he says.

So, there goes the little 700 sq ft to somebody else!



> The saying “when there is a will, there’s a way” does not sit well with deputy news editor Thean Lee Cheng.

Is the 700 sft referring to this prop?

"When one arrives at such a metaphorical fork in the road, there will be two sets of emotions. The greedy little heart says, “Go on, take the risk”. And there will be all sorts of justifications – you’ve worked long enough and you deserve it. While wisdom says, “Wait! How will you finance it after retirement? Do you want this apartment at all cost?”"
--> It really depends on the holding power one has as many has commented

"A property consultant said he has come across clients who want to buy a property so much that they begin to take all sorts of risks. “Buying a property should not stretch one’s resources to the point of having to give up the little treats in life,” he says. "
-->

I guess it referring to arageens, and MBSB is in the pic as well.

"Before parting ways, they brought up several reasons why a property purchase was not the best decision. That was when the moment of truth came, which brought about the sobering effect, came. Being a bit defiant, another type of financier – certainly not an Ah Long – was consulted; a reputable lender, but one that does not come under the purview of Bank Negara’s regulations."
---> MBSB

Ok lah, about 2 weeks ago, I went to Aragreens showroom. Finally decided to post here.

Pros:
- secluded location, I like
- design of 700 sqft 1+1 unit is good and less "edgy" compared to nearby Eve Suite's 680 sqft
- developer being transparent about the fittings being used esp on the lock keys
- facilities, just amazing, I love tennis court

Cons:
- pricing per sqft

Good things have never came cheap