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Investment CITY OF GREEN @ BUKIT JALIL [OWNERS' THREAD], A new integrated housing project

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limhm1
post Nov 22 2012, 10:19 AM

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QUOTE(netcrawler @ Nov 22 2012, 09:10 AM)
What it the built up for RM640K?
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1000 sf. 1200 sf will be even more expensive. Have no idea about the AP lah. May there that's why there was no advertisement officially.
limhm1
post Jan 2 2013, 08:17 AM

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I have received letters/reminders from the law firm asking me to execute the S&P. But my loan is still pending approval. How about the rest ?? Is the AP out since some of the members commented that S&P cannot be signed in the absence of AP ?? Please clarify. Thanks.
limhm1
post Jan 2 2013, 07:41 PM

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QUOTE(TaiSong @ Jan 2 2013, 01:51 PM)
Called like N time.
I'm just like a ball being throw among agent & developer.

End up frustrated and ask for refund.

Regarding question of still able to get full refund after signed Purchased Letter? Answer is yes, but you have to fulfill their refund policy :crap

Good luck on this overprice, location suck, and blah blah blah condo
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Errr. My loan has been approved by UOB and Al Rajhi is contacting me for consideration. I think the AP is out or else the lawyer won't send me reminders to execute the S&P right ?? Can anyone please enlighten me on this ?? Thanks.
limhm1
post Jan 7 2013, 07:47 AM

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QUOTE(netcrawler @ Jan 6 2013, 10:05 AM)
When is the time to sign S&P? Could see the project from TPM's car park and it's just next to Sanderson. However, the progress
is very slow in my opinion.
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Have never been to the site to view the progress. S&P can be signed anytime from now. I'm waiting for the LO from the bank. Have received one but waiting for another bank for better rate.
limhm1
post Jan 9 2013, 02:33 PM

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Saw their advertisement in Sin Chew this morning. Not a big ad but at least they received the advertising permit after so long.
limhm1
post Jan 21 2013, 07:57 AM

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QUOTE(lynforum @ Jan 19 2013, 07:43 PM)
650sf is studio or any room?  hmm.gif
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It comes with 1 room for the studio unit. 1 living hall, 1 toilet and 1 kitchen. Not "open concept" with more privacy.
limhm1
post Feb 8 2013, 11:23 AM

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QUOTE(Lion2013 @ Feb 8 2013, 09:00 AM)
If the college at COG already got the college licence one year ago then why not adverise it loud loud? Even the SA at showroom do not know the name of the college.  rclxub.gif
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Just a neutral guy here and wish to say something on behalf of the poor shermanyck.

I always believe that one man's meat is another man's poison. Yes. COG is not ideal and it might be overpriced. But I bought a unit there in view of their low entry cost. I don't know what will happen in 3 years time and no one can predict. The workmanship may be lousy but there is also a possibility that the property price remains competitive 3 years later. No one can tell. It is a free market and individuals will have to weigh the pros and cons. If you have enough spared money to pay for your down payment, you may have better options elsewhere. If you have RM5k and wish to have a small little studio unit for yourself and for a start, go ahead. I didn't listen to what the SA told me coz if my expectation is too high (good rental yield with colleges opening, excellent access roads with shoping crowds, etc.), I will be extremely disappointed then if things don turn out the way I expected.

Just my 2 cents lah.
limhm1
post Aug 5 2013, 08:39 AM

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QUOTE(SpeechLess11 @ Aug 2 2013, 05:40 PM)
seem like you care for this property. got invest issit?
i used to study for this project (studio) before. Here are some simple pros and cons from my personal analysis (no shooting please, im newbie)

Pros
- location wise still okay
- easily access to lebuhraya bukit jalil
- 8 minute drive to bukit jalil lrt
- shopping mall so can get a cab easily, makan also easy, buy groceries also easy (duno got cinema or not)
- technology park just right beside with walking pedestrian into it
- rental demand should be there (meaning got people wanted to rent at the place)
- 1% downpayment, stamp duty and disbursement fee NOT FREE (becareful: although pay 1% only, also have to pay for stamp duty and disbursement fee which is around RM3k - RM4k for studio)
- within 3km radius from rumour of pavillion 2, berjaya mixed development and jalil city (jalil city is a business park. connect by the same bukit jalil highway)
- freehold
- 2acre land on the west is reserve land (cannot build anything there but the land is not so big only)

Cons
- 650sf studio selling at RM610 psf (VERY VERY VERY EXPENSIVE when take consideration of the background of developer. Poor maintenance for kepong central and desa compleks at kepong. first time build luxury high rise property. like others said: head not that big but wan to wear big hat)
- IF pavillion 2, berjaya mixed development and jalil city selling at RM700psf and below then this project going to face hard time finish selling it
- possible delaying of project based on past history
- half of the studio facing WEST so get ready of the heat!
- studio rental rate is not there (have to rent out RM2.5k to cover loan and maintenance. and my estimation for rental is around RM1.5k - RM1.8k only)
- there are 2 condo right beside (villa pavillion and the sanderson). direct competitor is the sanderson which have lower density and very near to the shopping mall.
- maintenance fee is 33cent but very few facility provided. really cannot understand how they charge so much for such facilities. sweat.gif  sweat.gif  sweat.gif

Conclusion:
Investment wise = CONFIRM there are much more better opportunity else
Own-stay = still okay especially for younger that do not have much saving. can get a house with less than RM8k icon_rolleyes.gif  Joint income RM5k should be okay to own this studio and pray for its completion.  mega_shok.gif  mega_shok.gif  mega_shok.gif
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Well said and good analysis. Perhaps you have addressed all of our concerns. For me, it is not easy to own a property with such a low downpayment and just fingers crossed that everything will turn out to be OK (no need to be good coz I need to manage my own expectation too).
limhm1
post Oct 23 2013, 03:27 PM

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QUOTE(Adorable @ Oct 23 2013, 12:25 AM)
Because few of my frens already cancelled.
They have made the booking since beginning last year but till now not even first drawn down and still selling..
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Hmmm. No draw down ??? But I have been servicing very minimal interest pament and my loan is with UOB.
limhm1
post Dec 19 2013, 10:03 AM

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How is the development at the site ?? Is the construction in good progress ??
limhm1
post Feb 18 2014, 06:58 PM

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Just received a bank statement disbursing a loan amount of about RM40k. Anyone knows what is the progress at the site ??

 

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