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 Central Residence - Phase 2

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jastan
post Nov 6 2013, 12:02 PM

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Hi Guys and Gals,

Need some feedback from you all. I have some doubts. As you all know, the Central Residences are divided into 3 phases.

Phase 1 = SOHO (expected to deliver on 2015)
Phase 2 = The Courts (expected to deliver on 2016)
Phase 3 = Centrina ( Don't know when deliver)

Since the 3 phases sit on the same carpark and common facilities platform, i wonder how the 1st phase SOHO get CCC /CF first with the Courts and Centrina construction still going on.

If say the SOHO able to get CCC/ CF , do you dare to use the swimming pool because there might be chance and accident happen where brick fall from construction site of Courts and Centrina to the swimming pool.

jastan
post Nov 6 2013, 12:30 PM

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QUOTE(heng5410 @ Nov 6 2013, 12:23 PM)
Any SOHO buyer signed SNP in 2011?

Really hope your expected delivery date for the court is wrong, as the SA told me it should be ready by 2015.  :shock
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Dear Heng5410,

My date could be wrong but how can The Courts complete in 2 years time (2015)? The Courts is still in piling stages. The carpark still not erect yet.

The construction that you see now is The SOHO side.
jastan
post Nov 6 2013, 12:35 PM

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Hi Skykey,

Can you enlighten us on the matter below from your office. Seem that a lot of people are in doubts.


Hi Guys and Gals,

Need some feedback from you all. I have some doubts. As you all know, the Central Residences are divided into 3 phases.

Phase 1 = SOHO (expected to deliver on 2015)
Phase 2 = The Courts (expected to deliver on 2016)
Phase 3 = Centrina ( Don't know when deliver)

Since the 3 phases sit on the same carpark and common facilities platform, i wonder how the 1st phase SOHO get CCC /CF first with the Courts and Centrina construction still going on.

If say the SOHO able to get CCC/ CF , do you dare to use the swimming pool because there might be chance and accident happen where brick fall from construction site of Courts and Centrina to the swimming pool.
jastan
post Nov 6 2013, 02:36 PM

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QUOTE(skykey @ Nov 6 2013, 02:28 PM)
According to developer office, when the time SOHO handover, Court and Centrina building will be complete too. Just still doing the internal reno like painting n etc.
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Dear Skykey,

Thanks for your update. I do believe what your office told you. The ideal situation would be as what you said.

From what we can see at the site progress now, i am doubt the SOHO can complete on time what more complete together with The Courts and Centrina.

I don't see their effort to speed up the works. You know what I mean if you compare to The Leaf project nearby. You can see their nights work every night. There are lots of workers at the buildings working simultaneously but I only see few workers working on Central Residence site.
jastan
post Nov 6 2013, 03:20 PM

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QUOTE(skykey @ Nov 6 2013, 03:04 PM)
I went to site jz now and snap few pictures. From the pic, u can see they alrdy done the benteng. Person in charge told me that this is the hard part for the construction, that is why drag so long to see the building up.
For Court buyer, if not mistaken, developer jz claim for the first 10% from the bank this month. Refer to the schedule payment in SPA, developer will claim first 10% when they start doing foundation.
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Dear Skykey,

Thank you very much for your update and photos. I see that you are different from other Sales Rep. You really hands on and keep up to date info on what you doing.

I see that there are progress on the retaining wall on the Courts side. Actually, doing the retaining wall at the Courts side and erect the formwork at the SOHO side should be 2 teams of workers. Don't tell me that the Contractor only engage 1 team of worker doing the piling, foundation, retaining wall, formwork, and etc.

The works should be simultaneous, right? If the developer going to hand over the 3 phases. They should have 3 teams working simultaneously.



jastan
post Nov 6 2013, 03:23 PM

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QUOTE(skykey @ Nov 6 2013, 03:12 PM)
Soho expected delivery by early of 2015
Court expected delivery by June 2015
Centrina expected delivery by early of 2016
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Dear Skykey,

With all the different date, how would it affect the CCC/ CF date?

jastan
post Nov 6 2013, 03:32 PM

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QUOTE(skykey @ Nov 6 2013, 03:20 PM)
Inside the SPA stated that developer need to delivery within 36 months from SPA stamped date, if late they need to pay penalty 10% of purchase price per annum to purchaser. Do you think that developer willing to pay the penalty? Or they will speed up and complete the remaining of works.
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Dear SkyKey,

I am sure that the developer wanted to handover the project with limited defect and on time. The problem is we don't know how the developer choose their contractor. If the contractor is well establish and high cash flow , I am sure of their capabilities. What we afraid is that , the developer choose the cheapest and bad contractor always giving excuse of their low manpower at site, inexperience worker which drag the construction time, not paying the subcon worker and etc.

The developer want to speed but the contractor can't perform. I don't know how the developer going to pay the penalty cost of 10% per annum if all 3 phases delay. Profit project become making lost money project. I really hope that I am wrong.
jastan
post Nov 7 2013, 10:11 AM

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QUOTE(skykey @ Nov 6 2013, 10:32 PM)
dont really know what will happen in the end but buyers just beware and be careful. and if they rush to complete the project which is now already delayed by so much, what workmanship you can expect?

my answer is abandon = wont happen coz developer got new project plan to launch next year. they wont be stupid till abandon this project and make their own company reputation drop.

Delay = maybe. Bcoz we all also can see the site progress quite slow. but when i ask PIC, is it this project on track and he say yes.

workmanship = developer just completed a project in Shah Alam, Menara U. will be handover this month. you can go and have a look and know how is the project workmanship for this developer.
As sale rep for this project, i will try to answer the question if i know. Sorry if i can't answer well. thanks
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Dear SkyKey,

Thank for your reply. What you said is true. I saw that the developer future pipeline project are the High end condo at Jalan Yap Kwan Seng and Mixed development in Port Dickson.


jastan
post Nov 7 2013, 10:14 AM

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QUOTE(WEKI @ Nov 6 2013, 10:23 PM)
Yup 8%.
I was being told that the first 50 customers entitled for 8% rebate. After that will be 7%. Don't know how true is this??
Some of the units are taken out from the list to be sold in overseas.
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Dont think now Centrina can sell to oversea becos our PM increase foreigner to buy malaysian properties from RM 500,000.00 to RM 1mil.


jastan
post Nov 7 2013, 10:38 AM

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QUOTE(Citydude @ Nov 7 2013, 10:34 AM)
The removal of DIBS and higher CGT and Foreign buy Quota Price levels, has impact on loan applications delay n rejections of loans .

This will cause investors flippers n new buyers owners to rethink purchase for any property as they may not qualify with normal conventional loan structures .

Good OR bad news for many.
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Good for genuine home buyer but bad for developer. The developer will have hard time to sell the units.
jastan
post Nov 9 2013, 05:34 PM

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A forumer (Goer&Doer) in the other thread informed that the slow progress is due to the payment problem. At least now is resolved.
I see that there are many workers working on it when I passed by this afternoon.

QUOTE(goer&doer @ Nov 9 2013, 04:07 PM)
The progress previously was slow due to the 2nd contractor problem in delaying the payment for subcon. Now main contractor Gaya pay directly to subcontractors and the payment is fast. So the progression is fast now. =))
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jastan
post Nov 12 2013, 04:45 PM

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QUOTE(skykey @ Nov 12 2013, 04:43 PM)
In my opinion, new property nowadays, you cant really expect the rental can fully cover ur instalment and maintenance fee.
For example, instalment plus maintenance is 2800, but renting out 2400. Balance 400 still need to cover by ourselves.

What we can really expect is the price appreciation of the property in future.

Don't shoot me if I'm wrong.. Heheh
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Dear SkyKey,

if able to rent at RM 2,400.00 , consider damn lucky need to compete with so many owner.
jastan
post Nov 12 2013, 04:47 PM

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QUOTE(ngaisteve1 @ Nov 12 2013, 04:36 PM)
I thought is like RM1800-RM2000 rental for 721 SF like Scott Garden? I think new unit, can get better rental since it is NEW hehe
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There are plenty of choice for tenant to choose, with RM1800-RM2000 can choose midfield. Somemore Midfield phase 2 is coming and not forget The Leaf and Vynes
jastan
post Nov 12 2013, 05:00 PM

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QUOTE(skykey @ Nov 12 2013, 04:53 PM)
All new properties in market nowadays are selling on concept. based on Central Residence five star hotel concept and the facilities it provide. I think can rent out at 2400 in 2015 or 2016 coz Scott garden 700 over sqf also can rent out at 1800-2000 now.
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Rental for Scott garden 700 over sqf at RM 1800-2000 now is the reason that cause the occupancy so low after many months VP.

That area can't digest such RM 1800-2000 rate. Owners are calling but no takers.


Hopefully, Central Residence five star hotel concept and the facilities can command better rental rates compare to surrounding around.
jastan
post Nov 14 2013, 12:30 PM

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QUOTE(98188729 @ Nov 14 2013, 12:25 PM)
I hear form a lot of my fren tat they all receive the notice letter from DBKL to increase the assessment. my fren unit assessment increase from RM800 to RM15,000 per annum.
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where got so much. The maximum people complain is 260% increased.

You friend took the wrong figure. The RM 15,000 value is correct but is the annual value. Need to multiply with 6% which comes to 15,000 x 6% = RM 900 for a year.

Meaning that your friend need to pay extra RM 100 and not RM 14,200.00
jastan
post Nov 14 2013, 01:37 PM

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QUOTE(98188729 @ Nov 14 2013, 01:22 PM)
No. My friend show me the letter issue by DBKL and stated that the proposed annual value is RM15,000...
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Yes, correct. The RM 15,000 is annual value. The formula is ANNUAL VALUE x % CHARGE DBKL


In the letter is not written the percentage that DBKL wanna charge and collect. If follow back all these years history, DBKL only charge 6%

So, it should be RM 15,000 x 6% = RM 900
jastan
post Nov 18 2013, 01:12 PM

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QUOTE(Citydude @ Nov 16 2013, 03:30 PM)
Anyone notice just next to the cemetery right side is a open land
What are they doing there lately ?
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Hi Citydude,

I don't think the small area enough to build anything big.

Maybe is the guard house. I guess.
jastan
post Nov 18 2013, 07:18 PM

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QUOTE(skykey @ Nov 18 2013, 06:20 PM)
Latest new from developer office. Developer decided to amend the existing promotion package 8% rebate to 7% rebate. Anyone who really want to get one, plz pm me n arrange viewing appointment today. Thanks
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Hi Skykey,

What is the reason for the developer to reduce existing promotion package 8% rebate to 7%

Sales too good??
jastan
post Nov 27 2013, 01:23 PM

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I can see that construction now starting on level 8. Looking at it they are constructing 1 level in 2 weeks time. Meaning 1 months can finished 2 level.

Within 1 year should finished up to 28 floors. By end of next year should see that whole building structure complete remaining the finishing and infrastructure.


jastan
post Nov 27 2013, 04:27 PM

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QUOTE(Nian Pin @ Nov 26 2013, 12:34 AM)
Site photos dated 14.11.2013
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Looking at the photo, the Courts is still in constructing retaining wall progress.

Not seen any structure coming up yet.

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