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 Rimba Residence @ Bandar Kinrara (BK5)

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Chris Chew
post May 4 2012, 11:23 AM

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QUOTE(twincharger07 @ May 4 2012, 10:54 AM)
Your above calculation is based on after discount price which means have to get loan of 95% of the discounted price.

based on info from agent and booking method in KR2,
522,900 (10%) = 52,290
15,687 (3% booking), 10,458 (2% upon SNP), 26145 (5% discount)

loan (90% of before discounted price)= 470,610
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Seems i got the wrong expectation of having less big size units and medium units. Its small size units too limited now and facing North.

Facing North is still a good view for Tower B. North equals to Pool view and can sighted Main Entrance, BK n Kinrara Golf. Lol.

I think the 1162 sq ft is very buyable. Limited units of 238 units consider very exclusive. Hence, the holding power is controlable much more easily. The pricing is equal to TZ pricing though this is far from LRT but with the freebies, density and greenery concept, it would be the most demanded now and after VP.




Chris Chew
post May 4 2012, 04:01 PM

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Wahh.
Tower A has 6 units of Type A ( 1543 sq ft ) and 2 units of Type B/D ( 1,2xx sq ft ) - Same like KR2's Tower 3.

Tower B has 4 units facing forest, 1300-1400 units only ( Dunno what type ) and facing North ( 1162-12xx sq )

Means this is aim for bigger size development and much higher end then. So the story becomes much different.

No doubt, in my opinion, Tower A the 4 units facing Pool/North is the best. While facing forest, I much prefer Tower B which has distance from forest. Anyhow, the 4th unit ( fr left acc to masterplan ) for both Tower A and B facing forest, those double lanai units ( high floors ) are still benefit for double view.

Small units only facing north means facing an empty land? Any idea what is potential land for future development or ...

With this masterplan, seems like another mini Zefer or Duet in the making. I doubt the 1543 sq ft units would be sold out easily. The price point of RM 660k onwards after 5% discount is quite hard to swallow. The monthly installment + monthly maintenance fee is equals to the amount they pay for a 90% loan of RM 760k BK DSTH.

The mentality of this RR become a higher price range point, which estimated ave at RM 600k. Thus, the limited units of 1162 sq ft, had even less competition and affordable price point of RM 500k, which is just slighltly higher than TZ. Moreover, the additional units of Type A, sounds like 40% of the development brings much more affluent owners to the condo.

I guess it wont be a BBB project. I forecast 40% take up rate only within a week of opening.

It creates an illussion for prospect such as KR2 Type C 1457 sq ft against RR Type A 1543 sq ft.
- A 600k (KR2 entry) against a 660k (RR entry) price point is huge.
- the extra 86 sq ft is not necessary for a 1450-1550 ish sq ft unit
- unless the 86 sq ft is throw into the middlerooms of RR unit ( but as i had seen, it did not )
- Anyhow, for Own Stay, RR still owning due to Greenery, quiet, less hectic, Freehold and Low Dense ( If u willing to pay an over 660k onwards for a condo in BK area )

M2C.


Chris Chew
post May 4 2012, 07:08 PM

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QUOTE(limyusiong @ May 4 2012, 04:39 PM)
confirmed price at 450/sqf? and soft launch only start by 26th, not 25th?
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Was told by SA that soft preview at 26th May 2012 ( unless RR Showroom unable to rush up ) and pricing is confirmed with estimated RM 450/psf before discount ...


Buy buy buy?

Small units of 1162 sure gone up ... the prices look greatly fair, if not cheap ...

Type 1543 sq feet, would be remain a question. RM 695k onwards before 5% discount, the price point is quite huge for Puchong/Kinrara new launches buyer to swallow ... Just look at Zefer Hill and Duet Residence ...

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Chris Chew
post May 4 2012, 09:47 PM

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QUOTE(1282009 @ May 4 2012, 08:45 PM)
Imho the sales would not be as gd as expected as some pointed out. Whats the size of the smallest units?
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Smallest 1162 sq ft.

Imho the sales would not be as good as expected earlier. However, the units of 1162 and 12xx sq ft sure sapu easily. For 1543 sq ft unit, i expect 30% take up rate.



Chris Chew
post May 4 2012, 11:34 PM

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QUOTE(gatsby12 @ May 4 2012, 10:22 PM)
hi bro chris, im wondering why all taikor now say the take up wont be as expected? bcoz i remember u all discussed last time that if 450psf and below is a value buy? now the psf price din increase but suddenly all say take up not as expected d de?


Added on May 4, 2012, 10:24 pm

hi bro chris, im wondering why all taikor now say the take up wont be as expected? bcoz i remember u all discussed last time that if 450psf and below is a value buy? now the psf price din increase but suddenly all say take up not as expected d de?
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we are just estimating. Lol.

previously, we tot the allocation units for smaller units ( as per I property ) was 1103 and 1172 sq ft and according to their KR2 structure, Smallest unit was 50%, Medium unit was 25% and large unit also 25%. Now, was told the smallest size was 1162 sq ft ( the only 11xx size ) so with this allocation like KR2, the small units are very buy able and the stickers of it very crucial for people to sticker the medium units, 75% gone, looks excellent.

Now, actual allocation was quite equal and small units allocation were quite little where the facing of North isn't excellent view( as expected anyway ) the small units would still a buy able unit with its 500k price point , which i deem it cheap since it is just slightly a bit higher than demanded hot zest.

The allocation of 1543 sq ft units would be take time to consider. Prolly it was due to the profile of this type was equal to KR2 Type C 1457 sq ft. Like I said, the additional of 86 sq ft is unnecessary for the size of 1457 sq ft and the addition goes to living hall and a bit on dining hall. Bedroom 1 and 2 remains small. Hence the price point of RR Type A is much higher than KR2 Type C.

zefer and duet had shown that bigger units are hard to swallow due to its price point, not only affordable price per sq ft. It does affect a lot bro.


Chris Chew
post May 6 2012, 09:15 PM

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QUOTE(bluuberry @ May 6 2012, 09:10 PM)
Bro, due to the unit is limited,
public might not able to get the unit too,
internal may sapu all already.

went to the mid valley property fair to take a look of the skill model,
nothing supprise, quite traditional type,
facility so so...
but in terms of low dense and the area for own stay, pricing per sqft is quite ok.
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Agree. Nothing special, except the event girls, so hardworking to explain me the details.

Pricing per sq ft ok. But high maintenance fee of RM 0.30 too high cost.


Chris Chew
post May 9 2012, 11:20 PM

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Wait wait and see see first.

Preview also not yet come, how to BBB mode?

So many projects, scared no money buy only.


Chris Chew
post May 10 2012, 02:40 AM

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QUOTE(bluuberry @ May 10 2012, 01:43 AM)
no expert at all
just sharing wat im thinking...

after this ,i canot get extra property already
no more downpayment for the next..
due to 70% LVS
and personal income cant support too much also.

so that have to think properly how to utilize the loan limit and capital.
but have to based on my capability also la..
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No worry la bro ...

RR is quite good for own stay in terms of it's pricing against it's concept listed by you, FH, Greenery, Quiet, Low Dense and etc ... Most important, the pricing is fair and well within your own budget ...

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Chris Chew
post May 12 2012, 01:51 AM

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QUOTE(kimmo88 @ May 11 2012, 01:12 PM)
Developer for RR is the same developer for SR
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I don't think it is same ...



Chris Chew
post May 12 2012, 09:02 PM

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QUOTE(kimmo88 @ May 12 2012, 06:19 PM)
SR Developer office:
Pembinaan Sierra Mal Sdn. Bhd. (TAIPAN USJ)
52, 2nd Floor, Jalan USJ 10/1B, 47620 Subang Jaya, Selangor Darul Ehsan, Malaysia.
Tel: 03-56356268

RR Developer office:
KNOX SIERRA SDN BHD
38B, Jalan USJ 10/1B,
47620 Subang Jaya,
Selangor Darul Ehsan
Bro Kimmo, good effort, its looks really related since both developers company name had the name of Sierra and their office also the same location and street. But ...... not exactly same office and this 2 addresses unable to proof whether RR = SR developer la ...


As per my findings, Knox Sierra Sdn Bhd is a newly formed company this year by Halim and another shareholder, who was also the core of Halim Consultant Group. Both owned 50% shares with Directorship, no other Directors, so this RR is the Halim Group first ever project. For KR1 n KR2, they were only the appointed directors of the developer and Halim formed a com to JV with it.


For Pembinaan Sierra Mal, previously it was a big company, which formed more than 20 years ago as General Construction and Property development. The company was wholly owned by 2 brothers, Tengku Yusof n his younger bro. They were the Directors as well.


Therefore, I don't see any relationship of both company since the shareholders and directors for above developers are totally different.





Chris Chew
post May 12 2012, 11:28 PM

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QUOTE(bluuberry @ May 12 2012, 10:48 PM)

RR is the 1st project they will develop themself
So they might put more effort and quality on this project to build their brand name.

if not, do u think less than 450 per sqft can get by others Big boy developer like Mahsing, berjaya / sime darby?

Chris quite familiar with RR & KR,
R u full time investor? or agents?
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I am sure they put every of their effort no matter it is a JV for KR n KR2 or its fully own RR. Bcz the concept is same, the KR Sdn Bhd is also their client, who had good financial status.

I am full time blow water. But definitely not an agent.



Chris Chew
post May 20 2012, 12:52 AM

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QUOTE(twincharger07 @ May 19 2012, 09:28 PM)
today is internal launch.. those with "strong cable" (connection) can start booking..  brows.gif
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I guess those waiting for the launch to buy it, can already forget their dream for any good unit.

Hehe.



Chris Chew
post May 20 2012, 01:19 AM

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QUOTE(zeroviperx @ May 20 2012, 12:55 AM)
Not really bro, there are good ones for opening  smile.gif
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Opening still got weeks to go ...

Suppose 3rd June. Dunno whether will delay again ?


Chris Chew
post May 20 2012, 01:54 AM

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QUOTE(twincharger07 @ May 20 2012, 01:32 AM)
wont be surprise internal lock in and release later at higher price.. or undertable, kopi duit..  laugh.gif
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Hmm, I also won't be surprise to see this happen...

But, am sure this is a very hot demand .... Too many people ask for more than 2 or 3 units ....



This post has been edited by Chris Chew: May 20 2012, 01:55 AM
Chris Chew
post May 20 2012, 08:35 PM

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QUOTE(khelben @ May 20 2012, 07:41 PM)
Very hard la especially since it has very limited units for the 1.1k sqft.

Never mind still got KR2 laugh.gif
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KR2 1,067 sq ft all gone even much faster, total 360 units somemore, not left 6 units with extra lanai at penthouse and some units at grd floor.

Now left 1,267 sq fts units and low floors.



Chris Chew
post May 20 2012, 10:36 PM

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QUOTE(twincharger07 @ May 20 2012, 09:07 PM)
i would say "zero" la... or maybe 10% to 20% units left
someone with cable told me tower 2 left very limited, maybe 10 to 20 units (small n medium units in tower2), while tower1 (medium n big units) adi 50% gone.. this was on friday, even before yesterday's internal launch..

you guys dont have to PM me asking about the "cable guy", promised cant disclose nod.gif
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lol ...

haha, Twin Gor ...

seems, this RR is more hot hot hot than Skypod ...





Chris Chew
post May 20 2012, 11:10 PM

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QUOTE(twincharger07 @ May 20 2012, 10:51 PM)
skypod adi launch day 2 only 25 pages, Rimba apa apa pun belum start adi 24 pages.. i m sure when it start launching, more ppl will b talking bout it.. biggrin.gif

those tkttt in WTF who initially not interested also suddenly wanna hantam 1 or 2.. imho, as of current, this the most appealing new launch in puchong... location at good pricing n good concept should sell itself..  wink.gif
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But seriously, Skypod and RR both have it's differences of appealing ...

Own stay, both also can, both definitely, RR offers much exclusivity and privacy compare to SkyPod ... pricing also different, I think due to SkyPod is under IOI, if RR under SPS and IOI, it wont selling RM 450 psf, definitely, RM 550 psf ...



Chris Chew
post May 21 2012, 03:35 PM

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QUOTE(Mikken @ May 21 2012, 02:58 PM)
Is this the most anticipated high rise deal thus far in 2012? It seemed it is. Haha. Seriously interested.
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I think so. And should be it is thus far.

It doesnt need to be IOI or SPS to have this response, if they were, dunno how many pages of this thread dy.

Probably it is the concept most people looking at. It shown ppl buy KR1 or KR2 not only bcz of the location.. The pricing are quite fair, just the price point are a bit high side since most units are biggies.

I also very tempted with the low dense of 238 units. But my bullet probably pull me off.., lol


Chris Chew
post May 21 2012, 04:36 PM

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QUOTE(kimmo88 @ May 21 2012, 03:53 PM)
!
boss kochin...another hefty 20k transaction cost (stamp duty + lawyer fee) right? So, total entry cost est. 100k!!! (assuming no 5% rebate given)
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550k under con condo, what stamp duty n legal needed for 20k??? Free S&P and loan agreement, if pay cash, should be ard 8k.




Chris Chew
post May 21 2012, 09:58 PM

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What??

RR > 80% gone ????

Wuahhh.i thought 50% only ....




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