Welcome Guest ( Log In | Register )

3 Pages  1 2 3 >Bottom

Outline · [ Standard ] · Linear+

Investment Window On The Park, By Selangor Dredging Berhad

views
     
Helius
post Sep 4 2012, 10:08 AM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


I'm one of the WOTP buyer.... I heard this 916 sf is considered as apartment and the cost is only subject to 100K?? And 400k as upgrading cost??

Means the material they are using is low cost material for this block C????

After thinking many time, I'm wondering Y the block C is selling much much more compare to block A?????
Block C = 916sf= 600k= 655psf??
Block A = 1650sf = 880K = 560psf???

And block A looks much more high end with luxury look and low density....

What is the developer judgement?? They are taking our 400K upgrading cost to spend on the park, but for all 500+ residents utilization...

Pls anyone comment on ur view??

I really feel is a trap for this!!! I may jus cancel even I lost my 500.....
Helius
post Sep 4 2012, 10:17 AM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(tikaram @ Sep 4 2012, 10:10 AM)
But the Block C is more expensive than Block A wo.????

655psf > 560psf???
*
That is y im going to cancel my booking if they cant give justification!!!

I sent email to their management on this, and yet to received their reply...

I'm wondering Y they are selling more expensive with this small lot apartment and the price just can't be justified!!!


Helius
post Sep 4 2012, 11:25 AM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(peri peri @ Sep 4 2012, 10:50 AM)
i think u shouldn't worry too much, with the price u pay, u still get back the same premium material, products and lifestyles offered by SDB. I think u will need to sign on 2 S&P later. 1 is 100k purchase and 1 is 400k upgrade. Its like a compliance to medium cost unit by authority, but finding ways to get out from this not to jeopardizing the overall premium concept. Imagine, if the developer really comply to the said 30% quota, u will mix with low or medium income tenant.

Its a good practice nowaday because our minister is too lazy to improve such act which is totally irrelevant for limited lad use in KV.

BTW, larger built up normally cost lesser in term of psft. but i believe both blocks also sharing the same great features and material offers.
*
Yes, I agreed with the concept of larger seize with cheaper price. Anyhow, definitely not with this much difference!

I'm wondering if wanna sell after I got VP, how the bank valuers judgement?? Based on 400K upgrade price?

It is ridiculous when the subsales will be looking at which S&P??

I mean base at block A is definitely a good stay or investment.... But block C just look like a scam.... Medium cost building layout (door to door concept), highest density for this block, flat / apartment concept, no roof top, no own swimming pool but walk all the way to other block for facility.

The worst is we pay higher than anyone to stay in this project.... We r just paying for their facility...

No wonder hongleong pull out to finance this project.....


Helius
post Sep 4 2012, 11:33 AM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(maverickzack @ Sep 4 2012, 11:27 AM)
Bro relaxlah bro, this is SDB. I think part the high fee that we paying, is for the trust and quality they provides. Yes all bigger units usually have a lower psft. Be cool.
About the facilities, its not fair either as bigger units have to pay higher maintenance fee and sharing the same facilities, even only one guy staying alone, so thats how it is.

I bought a unit too, I think I'm lucky, because it's what I want.
*
Bro, what seize u bought? I think of transfer to bigger seize if the money can't refund...

Anyway, I still love this developer by their existing brands and project...


Helius
post Sep 4 2012, 11:39 AM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(peri peri @ Sep 4 2012, 11:30 AM)
last heard youcity also facing such situation but they aren't facing isolated facilities like your case.

i always thought bank valuation will base on overall development, renovation done and condition. Not basing any of your S&P price?

u gotta point too , 30% of medium cost compliance squeeze in one block only is very high dense. is block C full furnish and block a semi furnish? definitely got something xtra for this block c purchase
*
Is all about the same for the purchase... Even the smaller unit are without free oven, refrigerator, kitchen cabinet, hood, cloth cabinet and bigger door.,.

Bigger seize come with cheaper psf and lots more furnitures....
Helius
post Sep 6 2012, 09:30 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


Jialatt Liao those who make booking for block C.....

Now only 2 possibilities:
1) fully finance the unit yourself
2) finance whatever amount that bank is acceptable, in this case banks will able to finance 100K as S&P shown. Bank unable to justify 400K upgrade fee...

Luckily I cancel my booking and lost 500 only...

Good luck to those who bought it...
Helius
post Sep 7 2012, 12:31 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


Yes, u r rite... They said wanna forfeit just because they don't wan u ro cancel as most bank is not going to finance this block....

As this block C is quoted as medium low cost apartment categories, it definitely unable to get banker to finance... It just like u ask a bank financial u a Ferrari price but in fact u r just buying a kancil....

The only solution come to this is ro wait for AP and see any bank will do finance or else this block will be a death block haunted....

Good luck to those bought and hold block C...

My advise is negotiating with developer to get back 7500 at least as this is their problem of not getting any panel bank for this block...

Too bad for developer as use our money to fulfill their low cost of 30% on this project... If fact they could just to pay more to the authorities and wipe off this rule... But developer is unwilling....

My friends is going to cancel him booking for 3 units this weekend.. I see many more will cancel their booking these few days....

Helius
post Sep 7 2012, 01:04 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(peri peri @ Sep 7 2012, 12:43 PM)
wow, what kind of mindset is that, without securing a proper panel of bankers, already start launching and ask for depositing. Now facing loan issue and wanna penalized purchaser for that. Thats sux.

Maybe i should go visit the showroom this weekend and check out what is going on with this Block C. A niche development but having poor kick start.
*
Earlier was 2 panel bank for block C... Hong Leong bank and Maybank...

But hong Leong pulled out to finance after 1 weeks launched as they found this developer are selling this block C with different as stated...

Now maybank also pulled out to finance block C... Kanasai...

I called to them about this issue just now, the SA seem unable to give any answers...I think this block is in dilemma now....

It was feel weird when 1 time I saw it, it just just simar to the low cost block that exist... But then they said this not other block and but the structure it just looked like flat... It just like an abandoned / neglected building next ro this project....

But block A is a good investment or own stay... So banks are still financing this block...

Peri peri... Then u might see my friend who is going to cancel 3 units this weekend...


Added on September 7, 2012, 1:07 pm
QUOTE(maverickzack @ Sep 7 2012, 01:03 PM)
Damn sorry to hear about it, is that confirmed by SDB, they are having such issue? I think eventually they will solve it, yeah wait for approval first, if you managed to book a nice unit, you might be losing a great deal.

Go for Block A 1680sqft instead maybe?
*
I would say 1680sf is a good deal...

No worry, I see there will be more ca caladium on block C in coming days...

U will have plenty choice if u wanna book 1 from block C maybe?? whistling.gif

This post has been edited by Helius: Sep 7 2012, 01:07 PM
Helius
post Sep 7 2012, 11:49 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


Hehe.. Luckily my lawyer told me this info and I straight go cancel.. But still lost 500 as admin fee...

My lawyer talked to them and they just forfeit me RM500...

But I think is hard for u guys edi, as many will cancel the booking in coming days.. So they will insist full forfeited unless u wait untill everything final...

But it may take months or yr as big opportunity this project is going to be delayed...

Good luck to those haven't cancel.. And this have cancel after reading my post, u r smart enough to act...
Helius
post Sep 10 2012, 09:52 AM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


They have no choice and must revise the price...

Anyway, I heard they are working on it to get the panel bank to finance block C with lower pricing...
Helius
post Sep 10 2012, 10:10 AM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(peri peri @ Sep 10 2012, 10:08 AM)
the consequences for revising the price now, will cause rage to existing buyers for Block C
*
I think the new price will apply to those who book earlier as S&P has not sign yet....
Helius
post Sep 11 2012, 04:11 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


1st Dead end project by SBC...
Helius
post Sep 11 2012, 04:17 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(danielisme @ Sep 11 2012, 04:14 PM)
Dead project by SBC not SDB 😚
*
Paiseh... Keyboard shot jor...
Helius
post Sep 12 2012, 04:03 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


How much they are selling psf as per current?????
Helius
post Sep 16 2012, 09:00 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(maverickzack @ Sep 16 2012, 07:57 PM)
Hi guys,

Just went around Bandar Tun Hussein Onn area, wonder if you notice there's a lake/pond at the back of WOTP? A pretty big one, based on the map, it seems bigger than Lake Valley. At the end of the road (Where the entrance is), there is some commercial development going on! (shops, mini market, cafes, restaurant), think of it the location seem quite well located. (Opposite of the entrance are the small hill.)

By the way, below is the updated chart of both Block A and C, take a look as attached.
Block A - 40-50% sold/booked
Block C - 70-80% sold/booked

They are getting the AP approved most probably next week, then loan will be resumed.
They targeting to launch block B year end with 10-15% increased, as well as more free stuffs.

(Natur - Just went to see their 'show gallery', ..it's terrible, although most units has been sold out like about 95% now. Mostly are chinese owners)
(Altitude 346 - Still sold about 60% or less, guess its very much affected by SUKE highway, although their location is more convenient, I wouldn't say their location is better.)

I think its gonna be a good investment.. I trust my own evaluation.

Additional info:
LAMAN & BAYU all units has been sold out accept those larger units - bungalows.
*
I'm pretty sure u are someone related to this developer. Anyway, the main concern is that WOTP for block C already koyak...

If u want me to buy this property with the price of 600psf, I will choose the same character of the project called "Saville @ The Park" at bangsar south...

They are selling only at 550 psf, and if u buy WOTP because of their theme of "Park"? I can tell u government is developing this 60 aches forest as central park for public recreational activities... It just fall next to this condos developed by MKH within walking distance....

The main plus point is this fall into superb prime location, bangsar south which UOA is selling 800psf above.... The potential return is superb good...




Helius
post Sep 16 2012, 10:57 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(danielisme @ Sep 16 2012, 10:20 PM)
You want jogging at public park at early morning , becareful snatch theft and raper la...


Added on September 16, 2012, 10:22 pmSouth bangsa , pantai dalam got la
*

Pantai dalam at bangsar south... 5 min to midvalley...

550psf, judge urself... Potentially great investment return in next 5 yrs...

Developer confirm at least 30% appreciation after VP... Plus point, even IJM invested 30 ache land next to saville@ the park, bangsar south.... Master plan IJM is to build superlink and villas township....IJM proposed to sell at least 700psf for the only condos next to saville@ the park, bangsar south...

Non bumi lot less than 30% left with developer...
Helius
post Sep 16 2012, 11:11 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


If u r the block A or B will definitely a good place to stay though...
Helius
post Sep 17 2012, 11:44 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


Today pay a visit to the sales office, found many have withdraw thei booking and now at least 20% left....

Seem developer can't find any bank to finance block C....
Helius
post Sep 18 2012, 01:51 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(Dsd2011 @ Sep 18 2012, 09:47 AM)
One ngong 9 9 Kia here act as fake ex buyer of wotp and keep telling bad on wotp .
*

Who's the fake buyer? But block C buyers did cancel their booking included mine and shifted to block A...

Now block C has more unit up for sales that is pretty sure...
Helius
post Sep 21 2012, 12:07 PM

Regular
******
Senior Member
1,423 posts

Joined: Aug 2012
From: Kuala Lumpur


QUOTE(maverickzack @ Sep 21 2012, 11:59 AM)
Heard from bank, we all won't be able to 90% loan. 10% paid by Developer, 10% need to pay by buyer, max loan will be just 80%. That's what I heard from the bank.

They mentioned today should be able to get AP already.
*
Even for block A?? What is the bank justification? Is it due to too high price for this property???

3 Pages  1 2 3 >Top
 

Change to:
| Lo-Fi Version
0.0501sec    0.30    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 05:33 PM