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 16 Sierra by IOI properties

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joanalooidog
post Feb 13 2012, 06:43 PM

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Then the townhouse in 16 Sierra should be true G&G rite since it's strata title?
spydermind
post Feb 13 2012, 06:58 PM

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Not really, Strata title is for easier implementation , especially enforcement on regulation. This is just from a legal perspective.

For many neighbourhood or project, people still consider them as True G&G even though with individual title....like JAde hill, Setia Eco PArk, Valencia, Sierramas, a few projects within DEsa Park city, Lake Edge, Tanamera, Kemuning (Damai), Aman Suria, etc.


Dangerous
post Feb 13 2012, 08:50 PM

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BTW, did any everyone noticed that Sierra 8 is with gate, while for Sierra 1 & Sierra 2 is gate less!!! but I'm sure ioi is replica DPC in Puchong as 16Sierra. FYI SA confirmed there was Raff... international school primary & secondary beside Sierra 8.
twins9
post Feb 13 2012, 09:11 PM

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Anyone staying there at this forum? How is the security? Any buses or public transport?

Is going to work an issue at the bridge?


slackinux
post Feb 13 2012, 09:48 PM

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QUOTE(Dangerous @ Feb 13 2012, 08:50 PM)
BTW, did any everyone noticed that Sierra 8 is with gate, while for Sierra 1 & Sierra 2 is gate less!!! but I'm sure ioi is replica DPC in Puchong as 16Sierra. FYI SA confirmed there was Raff... international school primary & secondary beside Sierra 8.
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Which SA told you this news? Why no such thing in the master plan?
joanalooidog
post Feb 13 2012, 10:00 PM

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QUOTE(slackinux @ Feb 13 2012, 09:48 PM)
Which SA told you this news? Why no such thing in the master plan?
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The master plan got indicate reserve land, but din specified for which type of school
Dangerous
post Feb 13 2012, 10:06 PM

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There was reserve land for government school & commercial land for international school which is in pink and beside Sierra 8!!! BTW as you pass by Sierra8 & towards ioi gallery on your left, you can see some construction is ongoing!!!
TSjamestan_85
post Feb 13 2012, 10:16 PM

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QUOTE(Dangerous @ Feb 13 2012, 10:06 PM)
There was reserve land for government school & commercial land for international school which is in pink and beside Sierra 8!!! BTW as you pass by Sierra8 & towards ioi gallery on your left, you can see some construction is ongoing!!!
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So if for long term investors 16 sierra should be a good place to invest?
slackinux
post Feb 13 2012, 10:41 PM

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QUOTE(Dangerous @ Feb 13 2012, 10:06 PM)
There was reserve land for government school & commercial land for international school which is in pink and beside Sierra 8!!! BTW as you pass by Sierra8 & towards ioi gallery on your left, you can see some construction is ongoing!!!
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If you look at the master plan carefully, that piece of land is for Semi-D and not international school.
Dangerous
post Feb 13 2012, 10:45 PM

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Haha... go & check with SA, he got latest Master plan layout!!!
spydermind
post Feb 13 2012, 11:09 PM

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nowadays, there are plenty of international school....so, seriously no big deal....There will be one in Bukit puchong too...

It doesnt mean it will be a good investment by just having international school......
brother love
post Feb 14 2012, 12:17 AM

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Just checked ipropeety and they asking for RM680-690k...really gila....i wonder how long they can continue to chop people
SUSUFO-ET
post Feb 14 2012, 03:17 AM

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QUOTE(spydermind @ Feb 13 2012, 11:09 PM)
nowadays, there are plenty of international school....so, seriously no big deal....There will be one in Bukit puchong too...

It doesnt mean it will be a good investment by just having international school......
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Agree not much impact, but to certain extend it will increase the popularity & won't give negative feeling. If you change the Inter school to agama school, Wat you think? the sales will be affected!

This post has been edited by UFO-ET: Feb 14 2012, 09:14 AM
matthewctj
post Feb 14 2012, 09:21 AM

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QUOTE(twins9 @ Feb 11 2012, 09:21 PM)
Matthew, I read you are fed up with paying maintenance.  I know Lyden has perimeter fencing and a guard house but no guards.  So, if all owners decide against paying, there would be no guards at all right?

Do you think the houses will appreciate to more than a million without security? Just asking as I was interested in 16 Sierra too, but that time was about RM500k only.
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When you sign up to purchase, all purchasers are made to sign this document stating that you it is mandatory for every unit to pay a certain fee which is to be decided upon by the committee for the services of guards. With that document, it is a legal obligation that the owner or tenant pays his/her share. Let me see tonight if I can find out what is the title of the document. How much of course will be determined later when we determine which security services are engaged. Yes, if all owners decide against paying, then there will be no guards though I think that is quite unlikely. Even cheaper residential areas are doing so. I hope Lyden purchasers are not that stingy lol

I am paying over RM200+ and I heard it will go up further this year. I would say at Lyden, the rate probably would not be that high. Of course the convenience of not carrying a load of stuff up and down a condo is a factor as well.

Their earlier double storey house project which I recall sold for RM448,900, I called one of the agents up, they are asking for RM700k+ sub sale recently. And I noticed they already have guards now that residents have moved in. Not too sure whether the guards are from IOI or not. But I was told we can use their existing guard services or choose our own security firm. Can't remember if I heard it correctly or not.

As for appreciation, honestly, I really don't know. Even for myself who has been working for a developer for the past 9 years, I can't tell. Analyst keeps saying prices will go up a further 10-15% this year. But how sustainable that is, that remains to be seen. All I know is, our upcoming project would be in the region of under RM750k, and the built up isn't as large as Lyden's 22x75. The only plus point to ours is it's freehold and our price in comparison to other developers. That's why it sell.

That news just means bad news for end users like us who wants to buy landed properties without being too far from our ideal location.


Added on February 14, 2012, 9:25 am
QUOTE(Felice821 @ Feb 11 2012, 10:03 PM)
Lyden comes with guardhouse and guards ... with home alarm system integrated to guardhouse. ..
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I was told otherwise. Home alarm is stand alone. Not linked to guard house. It comes with guardhouse, but the guards are not provided free. The owners will have to pay for it, be it by using IOI services or by engaging our own security firm.


Added on February 14, 2012, 9:30 am
QUOTE(nkhong @ Feb 11 2012, 02:28 PM)
It definately not overprice in future, but future, 2 years later, 5 years later or 10 years later? To me 22x75 in this location is definately overprice for now and even the next 2 years. Eventhough they provide good material and quality finishing to the house. To me this definately overprice, at least now and next two years. I am not sure this project got dibs or not but if no dibs probably the cost will be at least 800k, this price better go for other better choice ... U like the area and for own stay yes. But investment, ehhem ... Can sell 1m later?
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Well, as for me I bought it not for investment but as a home. Overpriced? Yes when compared to 1-2 years back. If you ask me, all properties are overpriced now coz every developer is following the trend. If it's for investment, indeed, look elsewhere.

This post has been edited by matthewctj: Feb 14 2012, 09:30 AM
TSjamestan_85
post Feb 14 2012, 09:14 PM

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QUOTE(matthewctj @ Feb 14 2012, 09:21 AM)
When you sign up to purchase, all purchasers are made to sign this document stating that you it is mandatory for every unit to pay a certain fee which is to be decided upon by the committee for the services of guards. With that document, it is a legal obligation that the owner or tenant pays his/her share. Let me see tonight if I can find out what is the title of the document. How much of course will be determined later when we determine which security services are engaged. Yes, if all owners decide against paying, then there will be no guards though I think that is quite unlikely. Even cheaper residential areas are doing so. I hope Lyden purchasers are not that stingy lol

I am paying over RM200+ and I heard it will go up further this year. I would say at Lyden, the rate probably would not be that high. Of course the convenience of not carrying a load of stuff up and down a condo is a factor as well.

Their earlier double storey house project which I recall sold for RM448,900, I called one of the agents up, they are asking for RM700k+ sub sale recently. And I noticed they already have guards now that residents have moved in. Not too sure whether the guards are from IOI or not. But I was told we can use their existing guard services or choose our own security firm. Can't remember if I heard it correctly or not.

As for appreciation, honestly, I really don't know. Even for myself who has been working for a developer for the past 9 years, I can't tell. Analyst keeps saying prices will go up a further 10-15% this year. But how sustainable that is, that remains to be seen. All I know is, our upcoming project would be in the region of under RM750k, and the built up isn't as large as Lyden's 22x75. The only plus point to ours is it's freehold and our price in comparison to other developers. That's why it sell.

That news just means bad news for end users like us who wants to buy landed properties without being too far from our ideal location.


Added on February 14, 2012, 9:25 am
I was told otherwise. Home alarm is stand alone. Not linked to guard house. It comes with guardhouse, but the guards are not provided free. The owners will have to pay for it, be it by using IOI services or by engaging our own security firm.

So the question still remains...... property going higher...or bubble?... i guess most probably the price will go up slightly....cuz bank negara would not let any property buble burst.... i think most of the time the effected areas during recession would be shah alam and those un strategic areas....wheere people do not have holding power....for eg.... 1997/1998 did damansara prices drop?? never.... the price maintains.... the only difference is it  didnt go up


Added on February 14, 2012, 9:30 am
Well, as for me I bought it not for investment but as a home. Overpriced? Yes when compared to 1-2 years back. If you ask me, all properties are overpriced now coz every developer is following the trend. If it's for investment, indeed, look elsewhere.
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nkhong
post Feb 14 2012, 11:16 PM

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QUOTE(matthewctj @ Feb 14 2012, 09:21 AM)

If you ask me, all properties are overpriced now coz every developer is following the trend.
110% agreed.
TSjamestan_85
post Feb 15 2012, 10:13 PM

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QUOTE(nkhong @ Feb 14 2012, 11:16 PM)
110% agreed.
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But we must also remember... cost of material is rising....and land is getting scarce...
Chris Chew
post Feb 15 2012, 10:32 PM

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QUOTE(jamestan_85 @ Feb 15 2012, 10:13 PM)
But we must also remember... cost of material is rising....and land is getting scarce...
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It's true also but after the cost of said material or logistic increased, the developer still sell above market price by 10-30%. Last year, most sell at above 5-15%, 6 months ago, all developer selling 20-30% above market value.


spydermind
post Feb 16 2012, 12:41 AM

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James...our house price is very expensive and that is definitely not much to do with material cost....the material cost is only 25-30% of a typical house. The rest goes to margin, labour cost, land cost, etc.

nowadays, developer also using cheaper products so they are actually not too much impacted by material price.
matthewctj
post Feb 16 2012, 10:48 AM

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QUOTE(jamestan_85 @ Feb 15 2012, 10:13 PM)
But we must also remember... cost of material is rising....and land is getting scarce...
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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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