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

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paull98
post Mar 30 2012, 02:27 AM

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QUOTE(puchongite @ Mar 29 2012, 10:04 AM)
Do you mind showing us your calculation of investment verses "guaranteed" rental ? How much per month rental for which built up and stuff like that .....  hmm.gif

Thank you in advance.
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I have checked that Apiit is providing accomodation to their students and they are charging RM2550 per unit in Vista Komanwel, Vista Komanwel is located 800m away from the college and COG is just within 200m, They are 2 more colleges according to my agent while he brought me to the site to check out the place and showed me where would the entrance be upon completion. I forgot what are the other 2 colleges i just know rental is guaranteed with that kind of students population staying around is just that how much lower you willing to rent compare to other provider.


Added on March 30, 2012, 2:31 am
QUOTE(netcrawler @ Mar 29 2012, 10:38 AM)
Any show unit? The developer should have built a show unit to convince buyer for their project.
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Well throughout my experience in investing hot selling property they got sold out way before they can build the show unit. I used to wait but i was shocked so to me it's ok without show unit as long as you know what kind of investment you're in. COG required only 1% DP so i don't think waiting is an option.

This post has been edited by paull98: Mar 30 2012, 02:31 AM
puchongite
post Mar 30 2012, 09:07 AM

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QUOTE(paull98 @ Mar 30 2012, 02:27 AM)
QUOTE(puchongite @ Mar 29 2012, 10:04 AM)

Do you mind showing us your calculation of investment verses "guaranteed" rental ? How much per month rental for which built up and stuff like that .....  hmm.gif
I have checked that Apiit is providing accomodation to their students and they are charging RM2550 per unit in Vista Komanwel, Vista Komanwel is located 800m away from the college and COG is just within 200m, They are 2 more colleges according to my agent while he brought me to the site to check out the place and showed me where would the entrance be upon completion. I forgot what are the other 2 colleges i just know rental is guaranteed with that kind of students population staying around is just that how much lower you willing to rent compare to other provider.
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My counter arguments are many :-

1. I think IMU students are willing to pay a bit more for furnished units. But I doubt your APIIT students are willing to pay so much. Not all students are the same. Try renting a 1200 sq ft condo to TARC in wangsamaju student then you know what I mean.

2. Vista komanwel entry cost is much lower than your City of Green.

3. Sure rental is guaranteed but the question is based on your entry cost and your expected return whether you could make the equation balanced.
pjguy
post Mar 31 2012, 10:22 AM

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QUOTE(xuewen1010 @ Mar 29 2012, 11:19 PM)
Why is it so? Mind to share?
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obvious different is the location...somemore facade, concept, layout and price of smallest unit for ara greens is very tempted...
paull98
post Mar 31 2012, 12:02 PM

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[quote=puchongite,Mar 30 2012, 09:07 AM]
I have checked that Apiit is providing accomodation to their students and they are charging RM2550 per unit in Vista Komanwel, Vista Komanwel is located 800m away from the college and COG is just within 200m, They are 2 more colleges according to my agent while he brought me to the site to check out the place and showed me where would the entrance be upon completion. I forgot what are the other 2 colleges i just know rental is guaranteed with that kind of students population staying around is just that how much lower you willing to rent compare to other provider.
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[/quote]

My counter arguments are many :-

1. I think IMU students are willing to pay a bit more for furnished units. But I doubt your APIIT students are willing to pay so much. Not all students are the same. Try renting a 1200 sq ft condo to TARC in wangsamaju student then you know what I mean.

2. Vista komanwel entry cost is much lower than your City of Green.

3. Sure rental is guaranteed but the question is based on your entry cost and your expected return whether you could make the equation balanced.
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[/quote]



Don't get it wrong, this isn't an argument as i only tried to state my point of view based on investment experience that i had. You may think that Vista komanwel is having a lower entry cost but to me i'd say COG is much easier to enter as only 1% of dp is required. I wouldn't folk out 10% to buy Vista and collecting the same rent.

This post has been edited by paull98: Mar 31 2012, 12:03 PM
xuewen1010
post Apr 2 2012, 11:23 PM

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QUOTE(pjguy @ Mar 31 2012, 10:22 AM)
obvious different is the location...somemore facade, concept, layout and price of smallest unit for ara greens is very tempted...
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Its not walking distance to LRT rite? I heard its 600psf and above cry.gif Too ex...

kongwan
post Apr 4 2012, 12:03 AM

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flyers, show hse, demo hse all nothing just show u the site quite risky rite?

anyway i just bought a unit with 1000sqf last week biggrin.gif

agent told me the flyers will ready within tis week

the demand is there buddy! no worry pls go ahead for this cog!
TSaccetera
post Apr 4 2012, 08:57 PM

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You mean demand is here?

I think here are mainly only students (no doubt many Iranian foreign students).
BBB Project
post Apr 8 2012, 12:45 PM

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Block B is selling starting from RM700k now. We still have some units in Block A, for more information feel free to PM me. Thanks.
1282009
post Apr 8 2012, 02:45 PM

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QUOTE(BBB Project @ Apr 8 2012, 12:45 PM)
Block B is selling starting from RM700k now. We still have some units in Block A, for more information feel free to PM me. Thanks.
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Wow. I saw the photo of the lobby. Looks impressive.


iiluv8boy
post Apr 12 2012, 09:02 AM

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QUOTE(imwatchingu @ Feb 27 2012, 01:00 PM)
just call the sales office starting price 400K++(before discount) for studio suite 650sq feet,9% earlybird rebate.
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can i have the sales office number please?
xuewen1010
post Apr 14 2012, 11:11 AM

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Any other owner of COG? I just bought a unit too : )
SUSjalsrix
post Apr 14 2012, 01:37 PM

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Is this place serdang instead of bukit jalil ?

I don't think there are enough student demand for properties there with the upcoming condos in bukit jalil.

Wait for auction units.
kill monkey
post Apr 17 2012, 09:31 PM

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Can I ask still available unit for block A? How much for blk A?
JustNobody
post Apr 18 2012, 11:50 AM

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QUOTE(xuewen1010 @ Apr 14 2012, 11:11 AM)
Any other owner of COG? I just bought a unit too : )
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Sine you bought, may I ask how's the sale?
xuewen1010
post Apr 18 2012, 02:04 PM

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QUOTE(JustNobody @ Apr 18 2012, 11:50 AM)
Sine you bought, may I ask how's the sale?
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Not yet officially launch but sold almost 80%.
Blk A - 650sqf abt 413K. It is expensive but good potential.

Agree... Bukit Jalil has a lot of upcoming condos but this is the nearest to colleges and it has a shopping mall on the ground floor. Cinema is pending.

This post has been edited by xuewen1010: Apr 18 2012, 02:22 PM
BBB Project
post Apr 19 2012, 12:07 AM

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Cinema confirmed, dealing with GSC now, NSK will be coming in also if the deal is on.
If you are interested in Block A feel free to PM me. Thanks.
twincharger07
post Apr 19 2012, 12:13 AM

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QUOTE(xuewen1010 @ Apr 18 2012, 02:04 PM)
Not yet officially launch but sold almost 80%.
Blk A - 650sqf abt 413K. It is expensive but good potential.

Agree... Bukit Jalil has a lot of upcoming condos but this is the nearest to colleges and it has a shopping mall on the ground floor. Cinema is pending.
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what is your investment game plan? potential tenant?
addyloke
post Apr 19 2012, 12:16 AM

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Hi dear all, nice to meet you all here...
Block B is selling now, price start from RM699k onwards.
Size: 1200sf with balcony, 3+1r 3B, 2 car park, full kitchen cabinet, wardrobe for all rooms , 4 units air-cond, KLCC view.
9% rebate, 1% signing S & P only.
For more information feel free to PM me. Thanks.
Have a great day.. thumbup.gif
Rmarkz
post Apr 19 2012, 12:40 AM

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QUOTE(BBB Project @ Apr 19 2012, 12:07 AM)
Cinema confirmed, dealing with GSC now, NSK will be coming in also if the deal is on.
If you are interested in Block A feel free to PM me. Thanks.
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With cinema?? Gsc summore!! Interesting.. Mind to share how many entrance to cog drool.gif


Added on April 19, 2012, 12:41 am
QUOTE(addyloke @ Apr 19 2012, 12:16 AM)
Hi dear all, nice to meet you all here...
Block B is selling now, price start from RM699k onwards.
Size: 1200sf with balcony, 3+1r 3B, 2 car park, full kitchen cabinet, wardrobe for all rooms , 4 units air-cond, KLCC view.
9% rebate, 1% signing S & P only.
For more information feel free to PM me. Thanks.
Have a great day..  thumbup.gif
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Any information who is the developer?

This post has been edited by Rmarkz: Apr 19 2012, 12:41 AM
wsshum1999
post Apr 19 2012, 12:43 AM

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- Free 4 air-conditioner, kitchen cabinet, wardrobe at master bedroom
- 2 carpark
- 3+1 room 2 bathroom
- 1,200 sqf
- Freehold
- Balcony
- Title under commercial, this will not affect your residential quota ( 3rd house limited to 70% financing)
- This block have their own facilities
- Free Sale and Purchase Agreement
- All shoplot not open for sale to public
- A mall like a Boulevard ( NSK, Mc Donald, KFC, GSC/MBO, Tiffany & Co., Starbucks coming in)
- Near APIIT (200m waliking distance) and IMU.....
- Up to 90% loan financing
- Remained only 160 units
- KL view
- Maintenance fee RM0.30 psf
- Developer: Mega Mall Development S/B ( BJ Homes S/B) (well known developer for Kepong Fajar, Kepong Sentral and some of Cheras area)
- Fetches high rental income (university approach to collaborate with developer by providing accommodation package to their student)
- High end facilities such as CCTV, smart access card, intercom system, 3 swimming pool, gym and etc....
- Grand lobby
- Recreational park

Selling price : RM700,000
Deposit : 1% of selling price
Rebate : 9% of selling price

That means, you only pay RM7,000 to get your dream house. No any developer will give such rebate of 9%!!!!!!!!!


Kindly call William Shum @ 012-6740002 / or email to will.regahome@gmail.com or PM me for more information.


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