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 The Veo (formerly DMBC4), Sime Darby's Latest Condo in Melawati

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deed
post Jul 31 2017, 09:50 PM

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QUOTE(zainud_din @ Jul 31 2017, 02:52 PM)
yeah i think we can email the evidences to shahreza and make appointment to see him to highlight our concern.

if you can check your SnP the common facilities LAD calculation is separated with unit LAD (refer your SnP clause 25 and 27), maybe here we can still claim LAD for uncompleted common facilities because it says LAD calculated until the common facilities completes.NOT UNTIL VP.
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Yes indeed. There should be hand-over of completed common facilities to owners or Management if not mistaken for upkeeping certified by architect. Two different LAD calculation as per SPA
deed
post Aug 1 2017, 11:51 AM

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QUOTE(viper88 @ Jul 31 2017, 11:04 PM)
CONS coz delay in giving owner keys by more than 1 month and common facilities still uncomplete.

Buyer get short changed on the LAD coz VP date not same key collection date, have to wait appointment for more than 1.5 mths. shakehead.gif
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So can only see the end-product of Veo in another 1.5 months sweat.gif sweat.gif . Share with us review on the built quality and finishing when you are able to collect keys hmm.gif
deed
post Aug 2 2017, 10:01 AM

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QUOTE(zainud_din @ Aug 1 2017, 02:13 PM)
Overall am happy with the workmanship and quality of the work...the issue is just early vp from SD to avoid pay more LAD and uncompleted some common facilities..
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QUOTE(viper88 @ Aug 1 2017, 08:44 PM)
Pls share pics of the units inside especially workmanship.
Do u complain to SD abt the LAD when they bring u to ur unit inspect all the work?

Ya.. me also not happy with LAD.. have email to Shahreza but no reply from him yet.
SD pay LAD till 30Jun17 only...  but i heard 1st batch of Tower B owners only get keys on 17July and Tower A owners only in August 2nd week onwards.

Tower A buyers lost LAD for 1 whole month of July and if common facilities still not complete in August will be 2 mths.
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You already collected the keys? Is the furnishing and finishing similar to show unit? Do share the pics inside unit, facilities as well the view from your unit. Wonder if SD deliver this project exceptionally well as their benchmark for the whole KL East Township
deed
post Aug 2 2017, 10:43 AM

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QUOTE(viper88 @ Aug 2 2017, 10:40 AM)
Not yet, next week.
I've went in see the common facilities abt 2 weeks ago and shared the pics. I can chk at previous pages.
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Oh yes. How about the mid-floor and rooftop garden? If not mistaken those units at that levels were price premium
deed
post Aug 2 2017, 10:16 PM

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QUOTE(RapistKL @ Aug 2 2017, 02:14 PM)
pic posted by some agents
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Nice. Wow agents always get early access to any new development. Possible that they sneak around? hmm.gif

QUOTE(viper88 @ Aug 2 2017, 09:40 PM)
Ya. I also saw some at Iproperty website. Thinks its Tower B unit as some already got their keys.
https://www.iproperty.com.my/buy/kuala-lump...ti/?k=The%20Veo
Price selling at RM530k, 600k, 650k and 688k.
Was expectating price around 700K for small unit coz low density and strategic location in KL East.

Tower A small unit some comes with 2 car park.
Price is much higher than Tower B by abt 5% even those small unit with only 1 car park.
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Tower B is one without direct access to parking underneath right? So smallest units are advertised at 530k, the launching price was less than 500k isn't it?

Btw was surprised that the VP for Veo was very low-profile and discreet. Thought SD usually have grand event for key-handover as can be seen from their other developments confused.gif confused.gif

Seems that there will be new construction exactly in front of Veo main entrance, the area are being hoarded up. Pity those early residents of Veo have to endure surrounding construction disturbance for the next few years.
deed
post Aug 3 2017, 09:10 AM

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QUOTE(viper88 @ Aug 2 2017, 11:01 PM)
Tower B lowest floor abt RM488k. NO DIBS. Car park building beside link with covered walkway.
Tower A lowest floor abt RM528k with DIBS. Car park direct below.

That was abt 4.5 yrs ago.
Price expected to be in the range of RM650K++ if follow current Quarza residence psft price.
If follow SD developer last sold small unit is abt RM670k.

Tower B early buyer/flippers get LAD abt 1.5yrs.. around RM 75-80K++
Maybe tats why they want to sell at low price since already get LAD from SD

Ya.. kinda surprised also VP low profile.. maybe SD want to avoid facing direct all the buyers after delay VP abt 1.5 yrs...

In front of VEO is Quarza residence & Mall. Theres also YKS international school & campus just opposite VEO.

Hope the balcony window good sound proof/block so wont get 2 noisy.
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Wow the last studio unit was sold for almost 900psft ?? Thats surely a new benchmark price. Seems Tower B purchaser has leverage than Tower A due to lower purchase price, free room layout upgrade (for larger unit) and high LAD compensation. Lucky owners.

I think the new development is the International school then, Quarza actually situated at the side of Veo based on the main entrance. Between Veo & Quarza, which development is more exclusive and higher valued? hmm.gif hmm.gif
deed
post Aug 3 2017, 09:07 PM

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QUOTE(viper88 @ Aug 3 2017, 12:39 PM)
Ya.. should be the highest floor Tower A small unit at lvl 18.
Tower A units higher price than B because have DIBS, direct underground basement car park,
some small units Tower A have 2 car parks. Was told by SD sales staff Tower B small units all comes with only 1 car park.
Future high rise condo with min build size 1000sft will launch by SD end of this yr/early next yr near behind Veo Tower B .

For me VEO is better coz :
lower density VEO 350units with each tower 175 unit vs Quarza 508 units, 254 unit each tower,
further than MRR2 mainroad, less noise and car smokes
cheaper psft. (Quarza abt 900++ to 1000++)
freehold residential title.
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But then psft for that small unit Tower A was super high even comparing to Quarza. What is the tentative launching price for this new development? Quite daring for SD as they have not even launch the second tower for Quarza yet.

Quarza has more number of units than Veo, but then the facilities area is quite enormous too right? If not mistaken the whole top floor of the Mall will be the facilities level. And residents can directly access the mall from the condo ground floor, super convenience I would say. Of course provided the Mall will be successful.
deed
post Aug 6 2017, 09:59 PM

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QUOTE(viper88 @ Aug 3 2017, 10:24 PM)
Tower A more expensive by 5% coz of DIBS price in, basement car park direct access lift to condo and some of the small unit higher floors have 2 car park. Quarza small units only 1 car park.

Estimate a 80 sft car park about RM25k- RM35k psft around RM320-440 psft.
Definately better if have extra car park for own use, rent or future sell condo time.

https://kopiandproperty.com/2014/03/04/more...-condo-updated/

New condo no confirm date yet. Most likely next year launch.

Quarza residence different selling point.. more like live, play & shop.
Veo.. bring outdoor to indoor living, all outdoor space is usable. More like resort style.
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Nice. Will be interesting to see if Veo extra large balcony design could prevent rain splashing, which could make the area harder to maintain. As for now during rainy season my small balcony often get wet due to the heavy downpour + strong winds. sad.gif sad.gif

QUOTE(viper88 @ Aug 6 2017, 12:21 AM)
Photos from skyscrapercity

[attachmentid=9019406]  [attachmentid=9019407]

[attachmentid=9019408]  [attachmentid=9019409]

Quarza residence & mall just direct VEO.. once complete VEO price will up up higher.
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Is there possibility of AirBnB play for the residential at KL East?
deed
post Aug 9 2017, 03:11 PM

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Looks good. How are the view from rooftop garden facing Quartz Ridge and KL, do you have any pictures of those? Grills were installed by developer is it. What else provided by SD as part of the sales package and how much different between Tower A and B?
deed
post Aug 9 2017, 08:11 PM

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QUOTE(zainud_din @ Aug 9 2017, 05:02 PM)
I went up to the roof top of block B, but since the area is messy and not completed i have not taken any photos...
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Ic. Can claim Lad for common area from developer since they are not fully completed yet

QUOTE(viper88 @ Aug 9 2017, 07:38 PM)
I only access to Lvl 15 View Garden.
Theres other bigger view garden at Lvl 23 and 29 but need get visitor ID to access those lvl.

View from Lvl 15

[attachmentid=9029224]  [attachmentid=9029226] 

[attachmentid=9029227]  [attachmentid=9029236]

[attachmentid=9029261]
Yes, front grills included. Balcony area include 2 waterproofing power socket with cover.

living hall Aircond 2.5
Bedroom. Aircond 2.0
Tower B lift inside side panel is light blue.. mid is metal crome metallic.
[attachmentid=9029301]

Tower A lift inside is light red colour mid is metal crome metallic.
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How come need different ID to access roof top, isn't it part of common area? Not bad view from level 5, but later surely the view will be block by Quarza. Quite generous of SD for providing higher cooling power a/c. Just wonder how do owner service those type of centralized a/c? is it individual or by MO? hmm.gif
deed
post Aug 10 2017, 05:01 PM

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Wow thats weird. Pity those purchaser of floor just after the dedicated garden floor ascprice already increase significantly but couldn't access higher floor garden. That was what you mean right? Do hose owners know of the limited access prior to their purchased?

So emergency stairs can only enter and exit at the bottom, fingers crossed that at least one lift is working in case of emergency.
deed
post Aug 11 2017, 10:33 AM

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QUOTE(viper88 @ Aug 10 2017, 09:09 PM)
As per condo rules.
[attachmentid=9035334]

Have check with building management staff, maybe can get visitor access card to go lvl 23 and lvl 29 Sky Garden.
But they will limit the no. of ppl access there at same time.
Sky garden close at 7pm.  mega_shok.gif
Both tower car park have EV charge lot. those driving green energy car can use.
[attachmentid=9035335]
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Why would management allows visitors to access the exclusive Lvl 23 and Lvl 29 Sky Garden? Later those owners of the floors will counter back to protect their exclusivity. Good feature of having EV Charge station. Is the usage free?
deed
post Aug 17 2017, 09:58 AM

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QUOTE(viper88 @ Aug 14 2017, 09:23 PM)
I forgot his name. He's the guy that can adv on renovation etcs from Building management office.

I went yesterday but building management close..  went up lvl 15 sky garden but still messy coz many workers cleaning up and do lilies planting.

Met one of the owner of Tower B, she told me sky garden at tower B also not complete.

Theres many uncompleted common facilities area especially lifts, rooftop garden water fountain and sky garden.
Cant find the EV charging station at car park, maybe not yet installed.
Not sure when Sime darby will pay the LAD for all these delay.
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Perhaps purchasers have to push developer to pay those compensation, but then have to make sure the exact handover date.

QUOTE(Pezu @ Aug 15 2017, 01:52 PM)
Assalaam and greetings,

Agent's indicative info on VEO:

rental 2.43 PSF
Sale 800 PSF......

Not even breakeven, right guys?
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QUOTE(viper88 @ Aug 16 2017, 06:53 PM)
Agents sure tekan price low so can fast get customer and commissions.
Just ignore those low ballers agent.
VEO 4yrs+ ago developer price psft  avg at abt RM 750 - 900  dpds on floor level and facing forest or City view. 
Excluding loan agreement & stamping fees. If include add extra abt RM  8-10k.

Developer price for lvl 18 small unit also abt RM900 psft

Current Quarza residence also selling at 850-900++ psft
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Are those price before or after rebates? Seems it will be quite a challenge for Veo to surpass the 850 psft valuation, unless Sime Darby increase the selling price for Quarza tower B and the third phase KL East residential significantly. Source : KL East. So first phase Veo is stylish? , second phase Quarza is integrated/convenience? , third phase is resort-style?. hmm.gif hmm.gif

QUOTE(wnx773 @ Aug 17 2017, 01:21 AM)
Hi guys .. newbies here!! Azy!!Owner of tower B unit! Hope don't mind to share some opinion and suggestions here ! Still waiting for VP🤷‍♂️
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Thought both Veo blocks already VPed confused.gif confused.gif

deed
post Aug 17 2017, 02:39 PM

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QUOTE(viper88 @ Aug 17 2017, 11:18 AM)
VP date is 30/6/17. Handover key need set appointment. 1 day only for 7 owner.  Mon - Fri.
350 unit  = 50days. 1st batch handover date start 13/7/17 for tower B.

They want to reduce paying LAD and rushing work. The common area mostly uncompleted well. Alot of dirt and dust from cement especially inside car park area, lift and sky view garden.

The condo unit workmanship have obvious rush work minor defects like scratches on sliding door glass, scratches on entrance door, front grill door handle paint chips, kitchen piping water minor leak, balcony glass handle rusty, ceilling wall chips/broken uneven and aircond not cool. Have send case for defects repair, still waiting for appointment.

================================================

There's no rebates for VEO when it was launch last 4yrs 5mths.
Standard free SPA excluding loan agreement and stamping fees.
Tower B only have promotion for 1st 100 early buyers will get Free MOT,
Tower A only get free DIBS but price up by 5%

VEO price should be priced higher since already completed and can see the current active development nearby
like KYS International school & campus, Quarza Mall infront, Quarza residence at rm900 psft+.
VEO low density only 8 unit per floor, 4 each front and back facing.

DEveloper small units high floor lvl 18 last sold at RM670K.
[attachmentid=9051119]

Those lower floor units for tower B also price abt RM530k+/- after include bank interest during construction period.
After complete the price expected above RM600k+/- for low unit.

Current selling price low could be those flippers want to sell fast after get big LAD(1 yrs 5 mths) especially TOWER B.
Spoiling the market price.
KL EAST development will make VEO value much more higher.
[attachmentid=9051101]
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All purchasers should be able to claim compensation for the unfinish work. Historically the value of property in Malaysia will increase according to newer phase, and the older one project will be slighly lower. Despite the exclusivity of Veo as you mentioned, I believed Quarza still have the leverage with direct access to the Mall and boast larger facilities area if not more facilities. Also developer unit is still selling around 750 psft ---> Source and with the Big 5 promotion of additional 10% rebates, how do we know the absolute psft of Veo. Thats why I mentioned that developer need to increase the price for the next phase significantly for the earlier phase price to increase higher.

At the end of the day, it will depend on market and owners holding power biggrin.gif
deed
post Aug 19 2017, 01:21 AM

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QUOTE(viper88 @ Aug 17 2017, 08:22 PM)
The news link mentioned

"Tower B of The Véo was launched in November 2012 whereas Tower A was launched in May 2013. There are only 52 units left for sale to date. The price psf of The Véo ranges from RM680 to RM750."

The price mentioned are for the big units which cost RM1million++. psft is lower coz not easy to sell as total price is very high. SD already adjusted price higher for VEO several times especially for smaller unit and after make changes to Tower A. Tower A small units high floor have 2 car parks instead of 1 cp for Tower B small unit.

Small units psft is higher than the bigger units and SD selling every floor lvl higher price jump RM4-5k per floor, After lvl 8 onwards price increase per floor by abt RM10K+

[attachmentid=9052631]

U can c VEO Developer starting price from RM658,888k for small unit which translated to RM 875 psft
Lvl 18 highest floor price is abt RM 670k facing city, psft RM 889.

Quarza residence if not wrong is under commercial title. Higher electric and water bill.
Their facilities area bigger coz need to cater for more residents.. more units total 508 which is 158 units more than VEO,
Quarza mid-high floor price also abt RM800k+ for 850sft units, RM 600k+ for 650sft unit if add in the construction interest for 4 yrs.

Mid- high floor VEO 753sft for abt RM 670k or Quarza residence 650sft abt RM600k / 850sft abt RM 800k?

Quarza mall is just direct infront of VEO walk less than 1 min. not really far away.

Basically i feel VEO and quarza residence psft should be around the same price not far apart.
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Quarza initial launch tower A started at RM536k before rebates. Per floor increase RM2k so mid level studio unit should be around RM566k. Are you sure 4years construction interest for higher floor will be RM34k? I think should be around RM10-15k only. Also Quarza was offered with more furnishing based on the sales package --> Quarza Residence.

Regardless, it will be interesting to see what is the price set by Sime Darby for the third condo in front of Veo which could increase the value of earlier residential. Time will tell~
deed
post Aug 19 2017, 10:01 PM

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QUOTE(viper88 @ Aug 19 2017, 09:28 PM)
YEs, need to apply for convert but still need approval from the authorities. Currently Quarza residence selling under commercial tittle.

https://www.theedgeproperty.com.my/content/...tled-residences
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Quarza confirm follows HDA and the DO is under mix-category, even loan is 90% if not mistaken. So shouldn't be a problem for the utility ratevconversion if developer applied early if not later. Can easily check with Sime Darby sales.
deed
post Aug 21 2017, 09:55 AM

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QUOTE(viper88 @ Aug 19 2017, 10:04 PM)
http://www.theedgemarkets.com/article/towe...ched-early-2018

"Tower A of Quarza Residence was launched in May last year and is 60% taken up. Built-ups for the units range from 651 sq ft to 850 sq ft with average selling price of RM900 psf. Both Tower A and Tower B are scheduled for completion by end-2019."

Avg selling price RM900psf. If include 4 yrs construction interest will be higher.

Listing price : Listing Price: From RM536,888 - RM850,888

Car park for Quarza residence also 1 for small unit 650sft, 2 for 850sft

Whereas Veo Tower A small unit 750sft mid-high floor have 2 car parks. 
Additional car park definitely better selling point and higher price psft.

For interest during construction u can check with bank but definitely not low for RM500K++ loan.
New loan interest change compare to last 4.5yrs. Now no more DIBS definitely need to prepare more money 2 pay interest.

From my VEO RM500k loan its under DIBS..  SD been paying abt RM11xx - 14xx for the past 2 yrs.+ total about RM 30k+ The other earlier 2yrs i cant recall how much interest SD pay to bank.. If add up all 4 yrs i think its about RM35 - 40k++

VEO tower B 1st launch in NOv 2012..delay till VP Jun2017.. about 4yrs 7 mths. The interest during construction is high
for Tower B coz NO DIBS but lucky can claim LAD 1yrs + so can cover back all the bank interest.
Whereas Tower A launch in May 2013 with DIBS.
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If based on that claim then your unit will have lower value right since it is only with 1 carpark. I recalled that Quarza higher floor studio also come with 2 car parks, same as Veo. As your unit is lower floor surely has to pay interest earlier, but mid to higher floor will only serve higher interest when disbursement reach the respective floor. So you could not assume that all units have to bear the same amount of interest to financier. Then how about cash-buyer who do not need to worry about interest payment, does that mean their unit value will be lower?

QUOTE(viper88 @ Aug 20 2017, 10:53 AM)
Yes, can apply but not confirm and even can also not sure how long can get approved.
Sales staff sure say can apply but wont guarantee when can approve. Chk SNP... it will state as Commercial title..
The water and electric main meter to Quarza mall share by Quaza residence.. they need chg the meter reading connection etcs.. Have to go through some processes also.. if chg from commercial to residential title.
My neighbour bought G-Residen DEsa Pandan also commercial title and the sales staff say can apply convert residential title.Now after completed  abt 2 yrs  still not yet approve chg to residential title.
She said year cukai pintu RM2k.. very expensive. not to mention electric and water bill..

https://www.propsocial.my/property/3029/des...dan/g-residence
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As u said not sure how long can get approval, but doesn't mean all application will take forever as your friend property. If developer is proactive enough to apply before VP and approved by the utility company, it will be good for the purchasers right. Cukai pintu I have no idea the rate, but guess thats the downside of commercial titled property.

QUOTE(RapistKL @ Aug 20 2017, 12:11 PM)
I m lucky enough to get the rate conversion approval in 2 weeks from TNB
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Interesting, so the conversion might not take forever as what Viper-kor claimed

deed
post Aug 21 2017, 03:37 PM

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QUOTE(RapistKL @ Aug 21 2017, 12:12 PM)
if developer do it for all owners before VP then is better..

for my case, owners have to do it ourselves. jz a simple process by filling up a form and attach together with copy of ur IC and 1st month bill and submit to TNB office...... most owners get it approved within 2 weeks while some take 1 month...notify via email

however, TNB officer did highlight that depend on which type TNB meter (2 pin or 3 pin, can't really recall the term) was installed..... "2 pin" not problem to convert but if "3 pin" then sorry, may not be able to convert unless all TNB meter changed.
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What are the 2pin, 3pin thingy? Is it like single phase, three phase?

QUOTE(viper88 @ Aug 21 2017, 01:21 PM)
Mine is Veo tower A mid flr with 2 car park.

I'm comparing mid-high floor lvl.. not lower floor.
If cash buyer, u also have to compare with veo cash buyer. Still price cheaper avg psft

I didnt say commercial title cant convert residential or took forever..its dpd on approval from authorities some fast, some slow even after 2yrs VP still not yet convert.
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So what you mean have to compare equally Veo and Quarza mid-floor. Both 2 car parks = draw. Utility rate yet to be comparable as not sure whether developer will apply for conversion or not. Facilities Quarza bigger size, but probably Veo more facilities. Assessment rate Veo lower = win. Direct access to mall = Quarza win. Furnishing = Quarza win. What else can compare?

Is it Veo or Quarza price cheaper psft?

QUOTE(AskarPerang @ Aug 21 2017, 02:45 PM)
Today can see agent flyers seen around Taman Melati area. But the wording is horrible and small. Cannot even read when pass by via car. Wait I recheck again the shown asking rental and sale price.
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Is it rental and selling price for Veo? Btw what is the target tenant for KL East residential? Local professional, student, expat?
deed
post Aug 21 2017, 09:31 PM

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QUOTE(viper88 @ Aug 21 2017, 04:44 PM)
Read b my earlier posting.

Personally I prefer Veo n feel Veo price psft should be around quarza residence and not too far apart.

Its already stated in the link and pic provided

Veo lvl 18 small unit psft rm889.. almost same as quarza avg psft rm900.
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U said earlier should be equal comparison can not use average. Based on Quarza cheapest price RM536k for studio and RM2k increase per floor, Level 18 price will be RM572k which translate to 880 psft. That is before other rebates and furnishing being offered for Quarza which effectively lowers the psft. Is it possible that Veo was sold too high 4.5 years ago and developer re-adjust the price accordingly? hmm.gif hmm.gif

» Click to show Spoiler - click again to hide... «

deed
post Aug 22 2017, 09:04 AM

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QUOTE(viper88 @ Aug 21 2017, 10:13 PM)
Seems like u still don't understand my point even after i reply several times.
No point i repeat again.
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I guess I dont understand your point, but I do understand facts. You mentioned several times that Veo should command higher price than Quarza due to several positive points such lower density, more parking lot, cheaper psft, etc. Let me refresh and requote your own remarks :

» Click to show Spoiler - click again to hide... «


» Click to show Spoiler - click again to hide... «


» Click to show Spoiler - click again to hide... «


» Click to show Spoiler - click again to hide... «


» Click to show Spoiler - click again to hide... «


And when I pointed out the psft point you mentioned that it should be similar comparison by floor between Veo and Quarza, when you obviously did not do so sad.gif
QUOTE(viper88 @ Aug 21 2017, 01:21 PM)
Mine is Veo tower A mid flr with 2 car park.

I'm comparing mid-high floor lvl.. not lower floor.
If cash buyer, u also have to compare with veo cash buyer. Still price cheaper avg psft

I didnt say commercial title cant convert residential or took forever..its dpd on approval from authorities some fast, some slow even after 2yrs VP still not yet convert.
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Perhaps you do not realized that I am indirectly telling that Veo was priced much higher by Sime Darby compare to the current launch Quarza, with much lesser rebates and furnishing than Quarza. Hence, how could you argue that Veo should command higher price than Quarza when it is already priced higher during launching? Do read back all your posts before this~ console.gif

Btw, I believed that he was referring to the utility rate point, not the price arguments. I might be wrong though tongue.gif laugh.gif
QUOTE(viper88 @ Aug 21 2017, 10:17 PM)
Thanks. Good to know u understand my views on VEO price.
Simple and straight forward. thumbsup.gif
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