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 Kiara Residence 2, Bukit Jalil / Bukit OUG v2, A concept quadrant zone living in BJ

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puchongite
post Dec 31 2012, 11:40 AM

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QUOTE(ronn77 @ Dec 31 2012, 11:26 AM)
LOl..60% margin and somemore after discounted.
You must be filthy rich until they feel you should afford the 40% downpayment  biggrin.gif
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He can probably pay in cash but still get a loan to avoid too much attention .....
puchongite
post Jan 28 2013, 02:45 PM

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QUOTE(Chris Chew @ Jan 28 2013, 01:49 PM)
Your fren house is old landed / condo or newly completed?

If caught smoke, tat was serious and kind of awful things which cannot live or sleep with peace of mind.

I dont think it would be indicated into the S&P. i am sure the developer able to give us their answer on this. Unless they push the ball back to their consultant, Knox Group where SA is WCT, only part of the group who marketing KR1/KR2.

Anyhow, I believe it shouldnt be any prob based on their previous projects as main con / consultants.
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I doubt they will give 3 phase power to these units.

It will cost them additional MONEY.

Not many condo are given 3 phase power to individual units. Maybe we can ask if KM1 east are given 3 phase .....

This post has been edited by puchongite: Jan 28 2013, 02:49 PM
puchongite
post Jan 28 2013, 08:33 PM

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QUOTE(keneeth111 @ Jan 28 2013, 08:22 PM)
RM1 - 2K?
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I think the issue is more than just money. For landed property one can get approval for almost anything. But for condos, I don't know what it takes to upgrade to 3 phase, if there is hacking of the wall etc, the maintenance office might not approve.

puchongite
post Jan 30 2013, 10:39 PM

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I did mention about flood risk in KR1/2 long time ago. But many investors do not quite believe that flood will happen to KR1/KR2 and say that it's very unlikely due to it being higher than Kesas highway.

Whether they are indeed higher than Kesas or not, let's not argue about it. The important point is both KR1/2 are at the slope and water rushes down, from high to low. We cannot imagine how much water can get collected. If the drainage is not good, water will be stuck, and flood will happen. Does not matter if there is something even lower ground. Even with drainage, over time drain will be stuck with rubbish and garbage.

That's how USJ one avenue got flooded - drainage clogged by rubbish.

This post has been edited by puchongite: Jan 30 2013, 10:54 PM
puchongite
post Jan 31 2013, 09:54 AM

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QUOTE(M_Shahrul @ Jan 31 2013, 12:11 AM)
Its quite difficult to believe that KR1/2 are facing the flood risk because even
my area in Kinrara (not Kiara okay) is quite lower than Kesas but never banjir...
Unbelievable!! Yea, investors should push the developer to solve this problem.
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Obviously you are not comparing apple to apple. Go and take a look at the actual terrain, and remember it's not the absolute height that matters, it's the structure of terrain.
puchongite
post Jan 31 2013, 10:21 AM

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QUOTE(ronn77 @ Jan 31 2013, 10:17 AM)
From physics point of view it will seems like the water is flowing down to the area and bring debris and rubbish to clog the drainage but for fengshui point of view it flows health and wealth to the residents at this area:hehe:
A good example will be Sg Wang.
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I agree, providing that it is considered "flowing water". Stagnant water is a different story.
puchongite
post Mar 8 2013, 02:44 PM

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QUOTE(twincharger07 @ Mar 8 2013, 02:32 PM)
alright bro.. because most of us had commented in City Of Green thread before.. (comments on pros and cons)
I think Chris kor had given fair comments between KR2 and COG

having 700k, I would have get a covillea golf course facing, near LRT.. at least can get 129x sqft unit.. or even KM1 West (dunno got anything left)

If you dare to predict, I am expecting more projects coming in BJ for 500-600psft .. thats around 700k +- for a 1200 sqft unit..

IMHO, COG abit over-rated for its location... If die die must choose, I would have taken Sanderson which subsale cheaper (if you want the same location).. or for the same price, I would go for Covillea, Savanna or new G-residence in OUG (I heard around 500psft)..

160 unsold units left I am not surprise.. this is Bukit Serdang area... very exaggerated marketing material (Triffany & Co? good ROI? how much do you expect to rent out for a 700k unit?)

The only selling point they have (in my opinion) is only the "low entry cost", nothing else.. because:
1) price wise, there are better condos around with cheaper price tag
2) access wise, there are other condos with better highway and LRT access
3) commercial wise, BJ will have to major commercial area, One Jalil City and WCT mall over in Oug.. thus dont really need a small mall under the my apartment... and for malls, usually bigger malls do better than smaller ones .. COG only having small build up for its small..unless developer are able to pull in good tenant mix.. (either as successful as empire subang, or crippled like 1shamelin).. Not forgetting COG mall has no clear visibility from main road, hidden behind TPM with no direct access..

take my view a pinch of salt... the rest is still based on your research and findings..

cheers..
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Some of the people who have entered COG are coming with flipping in mind.

Low entry costs !

If they managed to flip after VP, fine, they make it ! But if can't make it, then they might face negative cash flow for a long time to come.
puchongite
post Mar 8 2013, 05:29 PM

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QUOTE(cybermaster98 @ Mar 8 2013, 05:25 PM)
What do you mean by the 'latest price'?
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They still have units. If you buy them, will be at that price.

or

They had some leftover units, in the latest transaction, it was sold at that price.

This post has been edited by puchongite: Mar 8 2013, 05:37 PM
puchongite
post Mar 9 2013, 12:42 PM

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QUOTE(Chris Chew @ Mar 9 2013, 11:42 AM)
Good job by handsome boy, Kenny.

Yeah, the piling and foundation work would be almost done by this month end and beginning of the structure work of L4 and L3 ( car park building ), so, 2nd release would be end of this month / early April.

When KR1 really completed by end of this year, they will rush for KR2 and RR, it would be a lot faster for RR due to 2 blocks with 200+ units only.

However, they bullish enough KR2 would be completed by Sept 2015 and will try to do it few months ahead of schedule.
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Complete fast is not good news for buyers. I would say most rather prefer them completed after the LRT and new road are put in service.

So now when are the LRT and new road will be put in service ?
puchongite
post Mar 19 2013, 09:16 AM

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QUOTE(MaiGehGeh @ Mar 19 2013, 08:46 AM)
Y tan sri Dato Chris never inform me about air stewardess? ohmy.gif

wink.gif
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Chris has vested interest in KR2. So priority is for him to bring them to KR2 before he would bring them to ZR.
puchongite
post Mar 19 2013, 12:39 PM

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QUOTE(great2bcool @ Mar 19 2013, 12:08 PM)
KR2 already full of leng cai, what lacking is leng lui, must thank Chris for his effort. Anyway, dun worry MGG & Puchongite, you still have many airlines to go for...... tongue.gif
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Self-proclaiming to be one ? Or it is a known fact ? Kekeke ....
puchongite
post Apr 4 2013, 09:40 AM

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QUOTE(Xccess @ Apr 3 2013, 06:20 PM)
Need advice from Bros here. My purchased price is 656K, after my deposit 3% and 7% discount the balance is 590k. Took loan of 70% meaning I need to cough out the remaining 20% which worked out to about 130K. Below is my billing invoice with date, please advice if everything is in sequence with building progress before I proceed to pay for no. 2 & 3.           

1) Dated 05/12/2012 - Stage 2 2(a) completion of earthwork (carpark) - amount 15,000.00 (Paid)

2 ) Dated 27/03/2013 - Stage 2 2(a) piling & foundation of the building (unit) - amount 60,620.00 (unpaid)

3 ) Dated 27/03/2013 - Stage 2 2(b) completion of piling work (carpark) - amount 15,000.00 (unpaid)

I briefly asked the girl when will I need to pay the balance of about 40k, she told me not sure, maybe 1 to 2 months time......so fast meh??? sweat.gif
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If you paid all the billings, you are going to overpay on the parking, and underpay on the actual tower.

Assuming that you are supposed to pay the earlier part of 30% for both car park and tower, then the item (1) 15,000 is already exceeding the 30% you need to pay.

Item (1) itself should be 30% of the progress, plus the 10% which you have paid, meaning the car park you have paid 40% !

Assuming the 10% you paid goes to the residential tower ( and nothing goes to the car park), then item (1) is already itself 30% of all you need to pay !

Don't pay item (3), that should come from the bank. And there should be another billing for stage 2(b) for the tower itself which you have to pay a portion of it.

Then everything you sum up, it should be about 130K.
puchongite
post Apr 4 2013, 10:17 AM

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QUOTE(puchongite @ Apr 4 2013, 09:40 AM)
If you paid all the billings, you are going to overpay on the parking, and underpay on the actual tower.

Assuming that you are supposed to pay the earlier part of 30% for both car park and tower, then the item (1) 15,000 is already exceeding the 30% you need to pay.

Item (1) itself should be 30% of the progress, plus the 10% which you have paid, meaning the car park you have paid 40% !

Assuming the 10% you paid goes to the residential tower ( and nothing goes to the car park), then item (1) is already itself 30% of all you need to pay !

Don't pay item (3), that should come from the bank. And there should be another billing for stage 2(b) for the tower itself which you have to pay a portion of it.

Then everything you sum up, it should be about 130K.
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That's based on the assumption that you are required to pay 30% for the car park and 30% for the tower.

But the bank may think otherwise.

They may require you to pay overall ( irrespective of whether it comes from car park or tower ) 30%, then you will require to pay everything (1), (2) & (3) and wait for another billing stage 2(b) which you have to pay about 40K of it.
puchongite
post Apr 4 2013, 12:41 PM

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QUOTE(Xccess @ Apr 4 2013, 12:34 PM)
Thanks for the explanation Bro, I'll try to see if I can attached the invoice later tonight. Not very good with stuff like these, if it's too confusing then I'll proceed to make payment.
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Very simple :-

The car park is 50k, 15k is already 30 % of the amount.

If you pay the second 15k, you would have already paid (including deposit) 70% of the car park !

Ghee .... grossly not fair to the buyers !

puchongite
post Apr 4 2013, 02:04 PM

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QUOTE(Xccess @ Apr 4 2013, 12:52 PM)
Yes Bro, I got that figured out, think I need to talk to someone with more experience rather than the clerk. You think SNG & Co can help?
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I think you need to talk to the bank or look through the bank facilities agreement or someone who is familiar with bank (dealing with two different agreements for car park and building).

It's smart for KR2 developer to break the car park and tower agreement into two.

If it is one agreement, they could not bill the stage 2b yet. But now, it's two different agreements, they could bill the car park ahead of the building itself. The car park is completed earlier anyway, so they get faster collection and better cash flow.
puchongite
post Apr 4 2013, 03:11 PM

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QUOTE(Xccess @ Apr 4 2013, 02:37 PM)
Just ended my call, was informed they have to bill me base on total differential amount rather than individual for Carpark and Unit because she said in my letter of offer the carpark and unit amount were not separated.

No choice, gonna head to the bank next week to settle the payment. Gonna pay up sooner or later but I guess in this case have to proceed ahead.
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Haha granted. Buyers are the ones usually in the less favourable position compared to the developer and the bank.

Maybe in future some smart ass developer will transfer more costs to the car park ? Let say the car park costs 600k, and the residential unit costs 50k ...... rclxm9.gif

The cash flow will be damn good ! Kekeke .... brows.gif
puchongite
post Apr 4 2013, 03:42 PM

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QUOTE(putraperdana @ Apr 4 2013, 03:25 PM)
I tot Carpark and unit are 2 separate agreement and 2 different schedules? Is yours combined?
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That's separated.

But the bank's loan agreement is one only.

The bottomline: people who borrow < 90% will have to fork out their portion of money faster compared to when it is one agreement for both carpark and unit.
puchongite
post May 2 2013, 02:44 PM

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QUOTE(Selectt @ May 2 2013, 01:09 PM)
Read some news about the z-residence area, apparently there are two murder cases around there and it involves some indians. I think the killers are staying around there.

haha, i m not joking.
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Ubah !
puchongite
post May 16 2013, 02:40 PM

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QUOTE(lord_drake @ May 16 2013, 11:47 AM)
The last time I went there there were still approx 5 units available
- 3  units of gardens at 1100+ sqft + 700sqft of garden RM545K after discount (1 of it which is close to the rubbish dump is cheaper by 10K)
- 2 units of second floor at 1275sqft RM600k after discount
- i unit at 20th floor 1400+ sqft RM700k after discount

I guess the developer is still holding a number of units. You can wait but I think it will be at a different price.
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http://idaman2.kpkt.gov.my:8888/idv5/98_eH...IES%20SDN%20BHD

According to kpkt website, they still have 164 units unsold, out of a total of 720 units. (This is already a smaller figure compared to previous report of 255 units unsold ).

Do they really withhold so many units or it's just the kpkt website not updated ?


puchongite
post May 16 2013, 03:59 PM

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QUOTE(lord_drake @ May 16 2013, 03:45 PM)
Not too sure bro. I don't believe the SA would be honest with me even if I ask. But when I mentioned that the developer hold some units, they just smile.
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Silence means consent.

I guess they could have withheld many smaller built up units, to be sold at increased price later, to reap maximum profit.

This is the sales figure for KR1 :-

http://idaman2.kpkt.gov.my:8888/idv5/98_eH...IES%20SDN%20BHD

Left with 40 units. A lot closer to public perception.

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