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 16 Sierra by IOI properties

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TSjamestan_85
post Feb 16 2012, 05:16 PM

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QUOTE(matthewctj @ Feb 16 2012, 10:48 AM)
FYI, rise in material pricing is not in tandem with rise in pricing of properties. Land is scarce. Those closer to KL are left with small pocket of lands. And no developer will develop link houses in those small pockets. Bungalows and Semi-D's profit margin is better.

Thus we are left with those getting further and further away. Sighhh ...
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Yes I agree.... but the main problem now is people are in BBB mode....the price will keep increasing until people stop buying.....and developers will take advantage of this.....everyone wants to make money.. hmm.gif


Added on February 16, 2012, 5:18 pm
QUOTE(matthewctj @ Feb 16 2012, 10:48 AM)
FYI, rise in material pricing is not in tandem with rise in pricing of properties. Land is scarce. Those closer to KL are left with small pocket of lands. And no developer will develop link houses in those small pockets. Bungalows and Semi-D's profit margin is better.

Thus we are left with those getting further and further away. Sighhh ...
*
Yes I agree.... but the main problem now is people are in BBB mode....the price will keep increasing until people stop buying.....and developers will take advantage of this.....everyone wants to make money.. hmm.gif

This post has been edited by jamestan_85: Feb 16 2012, 05:18 PM
Chris Chew
post Feb 17 2012, 03:16 AM

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QUOTE(jamestan_85 @ Feb 16 2012, 05:16 PM)
Yes I agree.... but the main problem now is people are in BBB mode....the price will keep increasing until people stop buying.....and developers will take advantage of this.....everyone wants to make money.. hmm.gif


Added on February 16, 2012, 5:18 pm

Yes I agree.... but the main problem now is people are in BBB mode....the price will keep increasing until people stop buying.....and developers will take advantage of this.....everyone wants to make money.. hmm.gif
*
Actually, the BBB mode is there but compare to last year, 20-30% dropped as at first quarter. ( According bank submissions and applications ) but perhaps due to CNY.

Expected not as good as 2011. And most people would not get their loan approval they wanted.

Highrise still receives great number of application. Most probably cheaper entry n freebies compare to landed.
brother love
post Feb 19 2012, 10:58 PM

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Some units asking for Rm710k aleady, really nuts! Bank valuation approx Rm600k-RM620k only,..dunno other banks...
darthvest
post Feb 19 2012, 11:35 PM

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QUOTE(Chris Chew @ Feb 17 2012, 03:16 AM)
Actually, the BBB mode is there but compare to last year, 20-30% dropped as at first quarter. ( According bank submissions and applications ) but perhaps due to CNY.

Expected not as good as 2011. And most people would not get their loan approval they wanted.

Highrise still receives great number of application. Most probably cheaper entry n freebies compare to landed.
*
Ya that's what i heard from frens saying that many loans were rejected. Wonder what are the reasons given for the rejections?
Chris Chew
post Feb 20 2012, 12:48 AM

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QUOTE(darthvest @ Feb 19 2012, 11:35 PM)
Ya that's what i heard from frens saying that many loans were rejected. Wonder what are the reasons given for the rejections?
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It is a bad news to property buyers this season.

Sigh.


twincharger07
post Feb 20 2012, 12:53 AM

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lyden going 780k for normal 22x75 DSL intermidiate, sierra 16 might b going slow this yr.. ioi had came out an innovative idea.. 30k booking, 15k rebate, remaining downpayment after VP.. they are trying to make as low cost entry as posible..
Chris Chew
post Feb 20 2012, 01:03 AM

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QUOTE(twincharger07 @ Feb 20 2012, 12:53 AM)
lyden going 780k for normal 22x75 DSL intermidiate, sierra 16 might b going slow this yr.. ioi had came out an innovative idea.. 30k booking, 15k rebate, remaining downpayment after VP.. they are trying to make as low cost entry as posible..
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Wow. Good idea.

But problem is after VP, lot of cash need to be ready for renovation.

However it is a good and great idea for lower entry first.
twincharger07
post Feb 20 2012, 01:07 AM

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QUOTE(Chris Chew @ Feb 20 2012, 01:03 AM)
Wow. Good idea.

But problem is after VP, lot of cash need to be ready for renovation.

However it is a good and great idea for lower entry first.
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IOI sales staff once told me, IOI dont give discount one... so inorder to uphold their company's policy and wanna do low cost entry at the same time, they just differ the remaining dp after completion.. mati mati wanna earn from buyers..
Chris Chew
post Feb 20 2012, 01:11 AM

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QUOTE(twincharger07 @ Feb 20 2012, 01:07 AM)
IOI sales staff once told me, IOI dont give discount one... so inorder to uphold their company's policy and wanna do low cost entry at the same time, they just differ the remaining dp after completion.. mati mati wanna earn from buyers..
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haha. They so LC?

Perhaps their company is quite a China man old style. Lol.

But this is a quite good idea anyway. Fresh in the market. If for me, I would opt to pay during middle stage of construction. Unless, cash are loads and ready, then pay while settling S&P.

Hope other developers have more offer and new fresh idea for easier entry.



nkhong
post Feb 20 2012, 01:18 AM

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QUOTE(twincharger07 @ Feb 20 2012, 12:53 AM)
lyden going 780k for normal 22x75 DSL intermidiate, sierra 16 might b going slow this yr.. ioi had came out an innovative idea.. 30k booking, 15k rebate, remaining downpayment after VP.. they are trying to make as low cost entry as posible..
*
They cant sell their house and they try to be flipper friendly now so that flipper would buy their house, and pass the risk to flipper ...
twins9
post Feb 20 2012, 07:46 AM

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Some ppl posted in the forums that some buyers moved in and now wanting to move out. What is the problem? Too quiet? No transport? No phone line? I passed by last week, only a few units are occupied. I could see most units with back facing the highway, are empty. Dont know about those inside.


yoki
post Feb 20 2012, 09:25 AM

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QUOTE(brother love @ Feb 19 2012, 10:58 PM)
Some units asking for Rm710k aleady, really nuts! Bank valuation approx Rm600k-RM620k only,..dunno other banks...
*
some units also asking 620-630k also


Added on February 20, 2012, 9:31 am
QUOTE(twincharger07 @ Feb 20 2012, 12:53 AM)
lyden going 780k for normal 22x75 DSL intermidiate, sierra 16 might b going slow this yr.. ioi had came out an innovative idea.. 30k booking, 15k rebate, remaining downpayment after VP.. they are trying to make as low cost entry as posible..
*
i think they need to give a few more things extra to move lyden, say, DIBS, free MOT, and free loan legal



This post has been edited by yoki: Feb 20 2012, 09:31 AM
brother love
post Feb 20 2012, 10:06 AM

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I the Rm620-630k units when u call the agents will say "oh sold aleady but we have another unit at rm650k to rm690k"...last year they asking RM650k and even want to raise the price if Lyden good response , greed rules the day...
TSjamestan_85
post Feb 20 2012, 10:11 PM

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QUOTE(twins9 @ Feb 20 2012, 07:46 AM)
Some ppl posted in the forums that some buyers moved in and now wanting to move out.  What is the problem?  Too quiet? No transport?  No phone line?  I passed by last week, only a few units are occupied.  I could see most units with back facing the highway, are empty.  Dont know about those inside.
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That one people simply talk la.... how can move in then few days move out.... nothing better to do izizt haha rclxub.gif
everything in the forum take it with a pinch of salt.....some comment are from experience and people share....some is just talk for fun
gahpadu
post Feb 20 2012, 11:22 PM

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QUOTE(twins9 @ Feb 20 2012, 07:46 AM)
Some ppl posted in the forums that some buyers moved in and now wanting to move out.  What is the problem?  Too quiet? No transport?  No phone line?  I passed by last week, only a few units are occupied.  I could see most units with back facing the highway, are empty.  Dont know about those inside.
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went to jalan-jalan at Sierra 8 last Sunday looking for any desperate onwer wanted to let go his house.( heard a rumours that one house been lelong)

think around 20 house were occupied.




TSjamestan_85
post Feb 21 2012, 09:55 PM

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QUOTE(gahpadu @ Feb 20 2012, 11:22 PM)
went to jalan-jalan at Sierra 8 last Sunday looking for any desperate onwer wanted to let go his house.( heard a rumours that one house been lelong)

think around 20 house were occupied.
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Lelong not so easy to find in sierra 16 area.... got also very very frew.... usually u must go to those area with "not so educated people" to find many lelong house... usually they didint do their calculation properly such as taking into consideration inflation, increase rates etc....u see damansara area the price so stable because people there are educated and if any crisis comes they are prepared...


My advise is.... u can go too wrong with landed property.... key point is as many people say..location location location..... high rise buildings might face some problems..... rental prices have already drop
gahpadu
post Feb 21 2012, 11:32 PM

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QUOTE(jamestan_85 @ Feb 21 2012, 09:55 PM)
Lelong not so easy to find in sierra 16 area.... got also very very frew.... usually u must go to those area with "not so educated people" to find many lelong house... usually they didint do their calculation properly such as taking into consideration inflation, increase rates etc....u see damansara area the price so stable because people there are educated  and if any crisis comes they are prepared...
My advise is.... u can go too wrong with landed property.... key point is as many people say..location location location..... high rise buildings might face some problems..... rental prices have already drop
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Sierra 16 top of my list right now.

My wife and I work only around 10 km from Sierra 16. But only Odora Parkhome that suite our budget. But there are few things that we hav to consider since almost 80% of Sierra resident is non bumi's.

spydermind
post Feb 22 2012, 12:10 AM

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Any issue with 80% non-bumi ?
matthewctj
post Feb 22 2012, 05:15 PM

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QUOTE(gahpadu @ Feb 21 2012, 11:32 PM)
My wife and I work only around 10 km from Sierra 16. But only Odora Parkhome that  suite our  budget. But there are few things that we hav to consider since almost 80% of Sierra resident is non bumi's.
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10km only is quite near. But what seems to be the issue with 80% as non-bumis? I think that being Strata titled, there probably wouldn't be any dogs permitted within the house rules. This is assuming you are Muslim lah. When I was staying in Taman Melawati, my right neighbour was a Malay. 2 houses away on my left is also a Malay. We lived in harmony and didn't seem to have any issues at all.

Perhaps you can enlighten us. I hope politics have not blinded you so much that we can't even live together in a community. I thought that only exists within the politicians.
twins9
post Feb 22 2012, 09:19 PM

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I know of one family next to my housing estate. Renovated the house kaw kaw, almost demolished the house to common wall and rebuilt. Then less than 2 months after moving in, something happened and they moved out. After that, tried to sell the house. Now rented out. BUT THIS IS NOT Sierra, ok!



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