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Investment SP Setia EcoHill Semenyih Registration, Semenyih greatest hope

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SUStikaram
post Aug 30 2012, 09:56 AM

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QUOTE(izzudrecoba @ Aug 29 2012, 11:04 PM)
LATEST UPDATE
Hi Guys,

I was informed by SP Setia Executive that the 2-stry terrace house will be priced from RM 350k onwards. The size would be 20 x 65.
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Good information Izzudrecoba. thumbup.gif
SUStikaram
post Sep 3 2012, 10:17 AM

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QUOTE(hypercore @ Sep 2 2012, 02:05 PM)
You people are weird......... U guys say Bangi, Rawang, Sepang, Dengkil, outskirts of Puchong and Bandar Seri Putra is not far but u say Semenyih Is far?

Do you know it takes 30 minutes from Cheras and 40 minutes from KLCC to reach Semenyih through Lebuhraya Cheras Kajang without jam. Even faster if you stay in Sunway Semenyih - 15 minutes from Cheras and 30 minutes from KLCC?

Compare that with 1 hour to Bandar Seri Putra through Lebuhraya KL-Seremban (Jalan Sungei Besi) and what about other god forsaken jam areas like Rawang and outskirts of Puchong.

Dengkil and Sepang is even worst than Semenyih.....very much jungle like than kampung like......I wouldnt be suprise to see monkeys jumping and playing on the roads and tigers looking for food and coming into your house in Sepang and Dengkil. The kampung ulu area look in Sepang and Dengkil is still there.

Bangi just havent the ammenities.....no large shopping mall in Bangi.

U guys talk about kampung but do you know Setapak at one time was ridden with kampung houses and still is - Kg Air Panas and yet developers are moving in to build property there complete with apartments and shopping malls. The most significant being Wangsa Maju in the early 80s when that Jalan Genting Kelang was riddled with kampung and squatter rumah papan. At that time that Jalan Genting Kelang look like a slum area even as recent as 2006. Look at it today.............totally changed. I know because I grew up in Setapak.

Actually Semenyih is a hot and upcoming property hotbed in the South of KL. What it maybe significantly needs is some very huge shopping malls. Maybe you people can write or contact big time property developers like Gamuda, Mah Sing, MK Land and IJM to build huge shopping complexes here. A good place would be in Semenyih town somewhere close to Semenyih Sentral along Jalan Bangi Lama. This would then turn that area into a thriving commercial and buisness hub.

The access roads will be built as time goes by but although I think Jalan Semenyih should be widen to at least a 6 lane main road all the way from Sunway Semenyih to Beranang Industrial Estate orĀ  Mahkota Industrial Estate. Jalan Sungei Lalang should also be widen to a 6 lane road to KM5 where Semenyih High Tech Park 1 and 3, Semenyih Ria are located and the access road and bridge into Yokohama factory should be widen and intergrated into a single 6 lane bridge as that area is going to be an upcoming industrial area with Semenyih Heights Industrial Park and Semenyih Sentral Industrial Park.

Also one can write to the transport ministry about bringing the LRT to Semenyih extended from the Sungei Buloh-Kajang line. The proposed stations can be built in Semenyih Town and Bandar Tasik Kesuma.
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I never being to Semenyih ( other than the few visited to Bogra hill - but was 6am morning so can't see anything and too tire after climbing up and down around 10am) until last year pelangi semenyih launched.

If other see Semenyih like ulu. let it be. I have less competitor to sapu Semenyih properties. biggrin.gif

This post has been edited by tikaram: Sep 3 2012, 10:19 AM
SUStikaram
post Sep 3 2012, 11:47 AM

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QUOTE(izzudrecoba @ Sep 3 2012, 12:43 PM)



Added on September 3, 2012, 11:45 am
Hi Tikaram,

Semenyih especially Semenyih Sentral (commercial and the new town) is not hulu.  sweat.gif
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agree that Semenyih is not Hulu.

But other think it is. Let it be.

I have better opportunity to buy good units if have less competitor. biggrin.gif
SUStikaram
post Sep 3 2012, 02:15 PM

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QUOTE(AMINT @ Sep 3 2012, 02:59 PM)
I went for another run to semenyih just to have a 2nd look.. hmm
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Your feedback is "OMG!" again. biggrin.gif
SUStikaram
post Nov 19 2012, 06:04 PM

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QUOTE(peri peri @ Nov 19 2012, 05:15 PM)
different township or development different management team. thats why they got bandar setia alam s/b, bandar eco etia s/b, setia duta one, setia precast, setia indah (indah & tropika) setia walk , and so on and on. The teams i dealt with are setia alam and eco park. Not mentioning the team in vietname, china and UK

about the material used, thats why SP setia having a trading arm called Setia Marketing. We as main contractor need to back lock most of the material purchase from the trading arm itself. So that SP setia can monitor the source of the material to be used in any of their projects.
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are you paying the market rate to setia marketing? or they are making some small % margin?

must you bought from setia marketing? (stated in the letter of award?) and they will deduct these materials $$ to setai marketing from your workdone cert?
I am from building materials buz.

This post has been edited by tikaram: Nov 19 2012, 06:05 PM
SUStikaram
post Nov 19 2012, 07:39 PM

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QUOTE(spydermind @ Nov 19 2012, 07:58 PM)
Seriously, I dont see SP Setia quality is top notch in general  based upon the following:

1. Material used in SEP, SA are not really good quality type (comparing to similar type of property with similar pricing)
2. Building quality (workmanship) is acceptable

Marketing wise .... they are good and township wise, they are good in SA .... but whether or not a township is considered success or not, many other factor involved.

Service wise, they are good. This is very assuring unlike some of the top 10 developers.

I personally like SEG though.
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Malaysia builder quality score card from domain.

SP Setia score high wo.

http://www.corenet.gov.sg/homeowners/lists...VMgUFJPSkVDVFM=
SUStikaram
post Nov 20 2012, 08:15 AM

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QUOTE(peri peri @ Nov 19 2012, 09:59 PM)
Understand ur question as trading house out there always asking me the same. Slightly different from sunway marketing. Any tendering to sp setia main building contract, u need to ask setia marketing to quote all material for pricing. Some they are unable to supply like roof truss, painting, marble and plaster ceiling board. U can source for other trading to qoute as well, but any quotation to setia project, all supplier out there already quote the best price for setia marketing oredi, pakat pakat. But material like steel, brc, formwork, timber, quarry material and vrc always got stiff competitor outside.

As i can says, almost 60% of the building material will be secure from setia marketing, they shall untung coz they giving us 90 days term and acc dept will debit such from any of our due payment.
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Yes, It sound very familiar like what the sunway marketing are doing.

Well. My employer also allow some cash rebate to those developer's trading house. On top of the margin they get in from contractor like you.

If you check those trading house annual report ( from Ram Credit). Their profit Margin is quite high. Around 7-8%.

Believe me. They are getting this margin from contractor like you and if you elimitae them abd buy directly from my employer. You most likely can save 5 to 6% on cost.

It is very good system. They ensure materials quality & get some margin form contractor.

This post has been edited by tikaram: Nov 20 2012, 08:16 AM
SUStikaram
post Nov 20 2012, 09:56 AM

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QUOTE(LCL01 @ Nov 20 2012, 10:10 AM)
yesterday said u r financial guy who is doing tax, now u say u r from building materials buz. u really kelentong kia lah. dont kelentong too much, it will make ur post looks not "charming".Ā  mad.gif
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oh....

i am doing part time tax/ landlord bcs have some tenancy agreeement/ sometime write on chinese newspaper/ sometime win some $$ from running in sport / help someone prepare document like tenancy agreeemnt/ some time sport toto give me some money/ sell old newspaper to recycle center/sell health food product/ sell insurance too = side income

u don't know accountant have many "side income" meah?

This post has been edited by tikaram: Nov 20 2012, 09:58 AM
SUStikaram
post Nov 20 2012, 10:08 AM

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QUOTE(peri peri @ Nov 20 2012, 10:58 AM)
help u edited
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if I am that.... i won't be here 24 hours writing rubbish & talking kok

This post has been edited by tikaram: Nov 20 2012, 10:09 AM
SUStikaram
post Nov 20 2012, 05:06 PM

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QUOTE(peri peri @ Nov 20 2012, 05:48 PM)
i think selling empty lot with completed infrastructure first. same concept as per 1st phase bandar eco setia. they need fund to bulldoze other terrain.
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Yes, I meet this sales guy at makan makan mid valley

If not wrong he said they will launch around 100 psf. size is reasonable huge , around 250 lots.

I have done some rough calculation. Should be from 500k onward per lot. on that day.

SUStikaram
post Nov 21 2012, 01:42 PM

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QUOTE(zuiko407 @ Nov 20 2012, 08:09 PM)
Buy, keep for 5 years, go go go
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buy land should be ok.
SUStikaram
post Nov 21 2012, 05:35 PM

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QUOTE(peri peri @ Nov 21 2012, 04:44 PM)
ada kaki dlm sp
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Peri gor....

what... good networking there. rclxms.gif

wondering are you working with one of this ?

Tax Hux Brothers

CxS International

Txx Ngxx Hong

u dn't need to tell the true..bu if you want, i know these company big boss leah ..... brows.gif

This post has been edited by tikaram: Nov 21 2012, 05:40 PM
SUStikaram
post Apr 2 2013, 04:44 PM

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i actually not going to buy ecohill sememyih.

thinking of focus on near mrt cheras now.

any taiko can give some advice?



This post has been edited by tikaram: Apr 2 2013, 04:45 PM
SUStikaram
post May 7 2013, 04:51 PM

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why they don't do it in jusco cheras selatan.

mahkota sibeh jam.
SUStikaram
post May 16 2013, 11:42 AM

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QUOTE(cheryee @ May 15 2013, 07:30 PM)
Peri2 kor,

SPS ada bagi early bird rebate meh?
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Peri Gor got strong cable with SPS brows.gif brows.gif brows.gif
SUStikaram
post Jun 15 2013, 08:35 AM

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INVESTORS' concern over the impending departure of SP Setia Bhd's founder may have resulted in the weak performance of its stock.

But they should in fact focus on its strength and track record, said its executive vice-president Datuk Teow Leong Seng.

"SP Setia is a solid company. You just need to look at its track record, balance sheet strength and various projects worth RM70 billion in gross development value."

Teow, who is also SP Setia chief financial officer, said the projects will keep the company busy for the next 12 to 15 years.

"Having a workforce of 1,500 ensures the execution of these projects will not be a problem. Every year, we close RM2 billion of sales. Our numbers are real," said Teow on the sidelines of Invest Malaysia 2013.

SP Setia president, chief executive officer and founder Tan Sri Liew Kee Sim has named his deputy and chief operating officer Datuk Voon Tin Yow as his successor while Teow will be Voon's deputy.

Teow said the SP Setia management is well aware of the concern expressed by investors over Liew's departure from SP Setia.

"He (Liew) has a management agreement with Permodalan Nasional Bhd (PNB) to manage SP Setia up to 2015 but he has indicated that he may go earlier. It depends on him."

Teow said the main concern now is whether some of SP Setia's staff will also leave with Liew or join other property companies.

"That is the key concern. That is why we have a long-term incentive plan for them, which has been approved by PNB and our shareholders. We hope the plan will hold our people together."

Asked if the group will be looking for more projects in London after the successful launch of the RM40 billion Battersea power station project, Teow said such plans will need to wait as the company wants to focus on Battersea first, of which it has a 40 per cent stake.

Read more: SP Setia: Focus on our strength and track record http://www.btimes.com.my/Current_News/BTIM.../#ixzz2WEytChKc

SUStikaram
post Jul 9 2013, 03:59 PM

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what is the market price for banglow lot now? cost my friend around 107psf during the balloting

SUStikaram
post Aug 16 2013, 03:26 PM

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QUOTE(kennyukm @ Aug 16 2013, 02:15 PM)
Hi, some sharing with you all, just back from iproperty fair at Mid Valley. According to the SA, here are some info:

> Launching maybe end of Aug or early of Sept
> Pricing 20 x 65 RM400K and above (Terrace)
> Pricing 20 x 70 RM450K and above (Terrace)
> Pricing 36 x 78 RM700K and above (Semi-D Link)
> Pricing 42 x 80 RM800K and above (Semi-D)

Got more than 12K people registered... seem like balloting unit...
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GOT EARLY DISCOUNT?
SUStikaram
post Aug 17 2013, 11:09 AM

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relative banglo lot last time bought cost 569K now agent said worth already 980k drool.gif

less than one year

This post has been edited by tikaram: Aug 17 2013, 11:09 AM
SUStikaram
post Aug 17 2013, 11:23 AM

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QUOTE(noblebaby @ Aug 17 2013, 12:20 PM)
Got market anot?
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maybe got gua...i would say 50/50.... so many agent called ask if wanted to sell.

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