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 Verde @ ara damansara, by Villamas Sdn Bhd

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Chris Chew
post Nov 12 2012, 09:04 AM

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QUOTE(HouseToLive @ Nov 11 2012, 11:22 PM)
Sigh, people never listen. Read back this forum in 3 yrs time and realised u hv been warned back then.
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Haha chill bro.

I am sure some of the Villamas purchasers here had factor in and due to personal specific reasons, they go for it. Another anor group must be first time buyer who never had experienced with this developer's below par quality.

Anor fren of my, ask opinion from me abt this dev product and against 3-4 more projects. Aftr my advise, he still die die go to book this even he expected this might be a not so great expectation or diff ending compare to previous projects.


Chris Chew
post Nov 15 2012, 12:17 AM

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QUOTE(maryjane9996 @ Nov 13 2012, 11:16 AM)
ya..but the mark up the price already..unless u the buyer of bloack abcd.  rclxms.gif
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The RM 700k full furnished units of Jazz Residence @ Pacific Place is different with the Pacific Place Block A-D.

The Block F and G ( if I can remember well ) was sold enbloc to HCK Group, who received invitation from Segi Group to provide accommodations to their 6,000 students ( and increasing) based in USJ, Ara Dsara and Kota Dsara. The enbloc buyer company refurnish it to more granded with full furnished to estimate 6 students per unit with rental of RM 3,600 in leasing contract and now open for sale for public to buy fr them n lease back to them. The first block already 90% sold and 2nd block will be open this week. A lot of Sarawakians and Singaporeans very entice of this and sapu immediately.

The entrance is different from the Block A-D who bought directly fr developer, MNH Management SB and no leasing contract for them.
Chris Chew
post Nov 15 2012, 01:13 AM

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QUOTE(maryjane9996 @ Nov 15 2012, 01:05 AM)
so they have the guaranteed return contract right ? and its only for the first 2 year ? this is something like regalia jalan kuching.

any link to for this new block bro ? thanks
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Bro, no link for this project because they are yet to market it heavily to the public but now preview for investors.

I not sure of the guarantee, which I quite remember it was not guarantee but I heard some other members said it was guarantee and posted the agents' quote. Dunno which page dy.

It was 3+3 years optional.

I had the brochure but Left at home due to out for vacation. Hehe.

Chris Chew
post Nov 15 2012, 02:24 AM

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QUOTE(dongding @ Nov 15 2012, 01:42 AM)
What is the indicative per sf pricing and size?

Btw heard this project is build on top of landfill...
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Bro, lets better you ask at Jazz Residence or Pacific Place thread for further info. It was 993 sq ft I think, one size only and RM 700 psf.

This is Verde thread and I don't members here say I promo it highly at wrong thread. Lol.

Chris Chew
post Nov 19 2012, 12:15 PM

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QUOTE(prop newbie @ Nov 19 2012, 12:12 PM)
Hi, I am thinking to go have a look this coming weekend. My thoughts is the pricing is reasonable with room for improvement in term of monetary/investment for the purchasers upon completion. Was thinking if bought can sell at approximately RM 750 psf upon completion. Well, fingers crossed. BUT, THAT IS MY TARGET... thumbup.gif
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How much is the unit u intend to purchase? Size and discount?

RM 750 psf upon completion can cover the multi cost of subsales S&P, agent fee, bank loan penalty and etc?


Chris Chew
post Nov 20 2012, 01:30 AM

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QUOTE(prop newbie @ Nov 19 2012, 11:22 PM)
ABOUT RM 200 gained psf wor. Off course sufficient to cover everything lor. rclxub.gif
I browsed thru verde website and noticed that the 1500sf layout is quite nice wor. Most probably will choose that one. Anyway, I shall see their show unit this coming Saturday. Let's see if I am happy with the finishing or not.  icon_rolleyes.gif
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Ohh, if RM 200 psf gain, then sure can cover but based on the absolute price point, it may not easy bcz if RM 750 psf market, it would be min RM 990k onwards for a 1320 sq ft condo.

If this happen,I much predict it would be a good news for Isola buyers and any high end condos in Subang.

Hopefully Verde can prove us wrong on their workmanship / quality bcz they have 3 chances which Zefers and Serin would be complete ahead of Verde.

Chris Chew
post Nov 20 2012, 04:22 PM

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QUOTE(prop newbie @ Nov 20 2012, 01:56 PM)
Well, I do not think that target price at RM750 psf cannot be achieved in next 3 years. Ara Green already selling at RM800+psf.

Actually, today without wanting to wait further, I went to the sales office this noon. Finishing and the furnishing package is very attractive! Got free kitchen cabinet, hood and hob, food waste disposer, microwave built in oven, air-cond units and its green building!

But, too bad all nice units sold out. Now in waiting list for their new tower. Really missed the early boat to get a preferred unit at attractive price. Heard from sales person that they will certainly increase the price...
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Well, its good that a vested buyer to be remain positive. But no matter Verde or any othrr project we buying, to enter at RM 550 psf and aiming tat RM 750 psf upon VP can be easily achieve is quite little ambitious, well, i'd say it remains possibility but not easy bcx plenty of new units available on 3-4 years time given recent number of new launches.

If I am vested into this, I target it at RM 660 psf which is abt 20% appre and consider pretty good bcz from RM 550 psf to RM 750 psf is a lot harder than RM 400 psf to RM 550 psf where both capp at 36.36% appreciation.

Unless another round of 2009-2012 feat which I'd say unlikely to repeat another song but as we all vested into any new properties, lets keep the finger cross.

Ara Green at RM 800+ psf is a benchmarking price for Verde, Nova Saujana and Hijauan Saujana but the sales too good doesnt mean it can be a good reapful project in VP time bcz I found most of the buyers of AG were Dr's frens and associates, and it require RM 1000 min psf in order to embark a strong demand to pull the buyers opt for Verde or any at RM 750 psf later on VP period.

However, a good location is a good location. I still tempted for landed in Ara Dsara instead bxz current highrise launches push up the prices look affordability.

Sorry maybe I am lil conservative bcz I am the 1 of the pool who prepare for the unexpected.






Chris Chew
post Nov 25 2012, 04:38 PM

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QUOTE(dinox @ Nov 25 2012, 11:04 AM)
I think demand is still good for the area. 6 units left out of 200 units. These sort of sales numbers is pretty enviable as the launch is only done some weeks ago.
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Demand really so good?

Nova almost sold out. Ara Green pricing, ppl oso willing to buy. Hijauan sell quietly also can sold a lot. Now, Verde by Villamas also left 6 units only. Somemore Villamas.

Good significance of the market condo in this area???

The narket seems prove I am wrong but how come Ara Hills tak jadi? Lol.

Chris Chew
post Nov 25 2012, 04:52 PM

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QUOTE(RomaNce @ Nov 25 2012, 04:40 PM)
Ara hill and oasis also tak jadi hardly sell or rent.

Many too many rich person around these area able to buy and hold for long long time even no rental or cant sell.
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Haha. U took the point.

I nvr believe SD anymore. Oasis I no opinion. For Ara Hill, I know a lot of super mega rich Malay Datuks and Tan Sri are owners.

It was not really a good sign but they rather hold it 5-10 years and bring more vacant number, so end up, Ara Hill not hot and tak jadi. Its not they not untung now, but they just wanna keep, not for sell nor rent. Gila. No transaction how to bring up the value of the location?

I know Ara Green sold to a lot frens, relatives, contractors and etc. Malton, I dunno who are their Nova buyers are genuine a not.

Villamas? I see a lot genuine buyers no matter they had bad record of workmanship and detects. I had 5 frens asked my opinion abt Villamas, I asked all of em try to avoid if can, esp investment, but 2 of them still buy.

Credit to Villamas? Lol.



Chris Chew
post Nov 27 2012, 06:11 PM

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QUOTE(maryjane9996 @ Nov 27 2012, 04:14 PM)
private preview block c this coming friday.only those who registered can enter.price 5% increment.
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Verde Block C how many units?

I think 5% increased was quite fair.

Chris Chew
post Nov 29 2012, 10:33 AM

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QUOTE(faithy @ Nov 29 2012, 08:27 AM)
Look-see-look-see first - Might not be so good le !!

Checkout orientation - Block C is side by side just next to first launched block D, E, F of Ara Green !!
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Look-see-look-see first?

What u mean bro?

Chris Chew
post Dec 2 2012, 10:55 PM

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QUOTE(Accountant82 @ Dec 2 2012, 09:40 PM)
Firstly, a lot of bank offers no exit penalty or 3 years from first drawdown. So the 24k can be saved.

Secondly, if the property market is slow, agent fee also can be discounted. I seen before agent only charging 1%. Then you saved 8k.

Thirdly, there is an exemption of RM10,000 or 10% of the chargeable gains, which ever is the higher. So the RM6k to RM8k is saved.

You should know whether you have holding power on day one when you buy the property. If no holding power, you should be looking for purchaser before VP to lock in the subsale. The market valuation upon VP (assume 3 years later) can easily be 10% higher than SPA. Landed properties 3 years later will also increase but I think should be more than 10%.

Say if you sell at 10% higher, ie RM880k. No RPGT as 80kX10% is RM8k<RM10k. Agent fee is RM18k. Legal fee is RM1k. Say it will take 3 months to complete the transaction, you will pay RM12k installments. You have net gain of RM49k.

For Verde, since only RM10k downpayment, your IRR would be 490% over 3 years. For other project where you have to pay 10% downpayment ie RM80k, you would have IRR of 61% which is also significantly higher than investment in FD and most shares, unit trust and insurance.

The only thing is the oppurtunity cost of being able to buy a higher return property.

Just my 2cent view.
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IRR?



Chris Chew
post Dec 3 2012, 12:02 AM

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QUOTE(Accountant82 @ Dec 2 2012, 11:07 PM)

It's what I use to estimate my rate of return.

Sorry for the confusion.
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Ohh ic. I call it COCR ( Cash On Capital Return )

Np, It's good that you know which game you're playing and what player you are.







Chris Chew
post Dec 16 2012, 01:04 AM

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QUOTE(milehigh group @ Dec 12 2012, 02:34 PM)
hey no problem with the s & p, and applied 5 banks loan all the bank approved. cimb, ocbc, maybank, aliance , public bank. So no worries man! just wondering who is the contractor for this project. thats what everyone concern. villamas should find a better contractor. !!!! THAT IS IMPORTANT!!
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Then did you question the developer, which contractor they are using?



Chris Chew
post Dec 16 2012, 12:52 PM

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QUOTE(Greenday21 @ Dec 16 2012, 12:51 PM)
wow, luckily u called  rclxms.gif .. leasehold n 650 psf ?? omg... it seems like i better call them to clarify too , cant 100% trust those cheaper rumours...
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Even LH but RM 650 per sf, it would be damm cheap for a SHC product ...



Chris Chew
post Dec 16 2012, 01:30 PM

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QUOTE(Greenday21 @ Dec 16 2012, 12:57 PM)
but as i know, SHC normally dont give any discount package or low downpayment scheme.. it is really hard for medium range buyer like me .. >.<''
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Any big developers shouldn't do this to protect their image. Imagine, how bad their reputation if they only can sell via 10% discount or multi deal entry.

Yes, it's really hard for us, to buy any product of SHC, that's why being their buyer, you will feel exclusiveness of being one of the riches. Hahaha.



Chris Chew
post Dec 16 2012, 01:59 PM

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QUOTE(Greenday21 @ Dec 16 2012, 01:38 PM)
ya i know that exclusiveness, but i have to back to reality , cant make myself suffering just to enjoy that riches feeling right ?? pity me ....  sad.gif
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Yeah, back to reality. Pity me too. Sooner or later, I will no longer able to buy anything from top or high end developers.



Chris Chew
post Dec 16 2012, 06:46 PM

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QUOTE(Greenday21 @ Dec 16 2012, 06:10 PM)
erm, i am not sure who are you, but how do u know the design from SHC is better ? are you any of the staff from SHC ? how is quality of verde or any other on-going project i guess no people will know until it is completed.

i am interested in ara damansara area too, need to gather more info.
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What do you think of the factors made you interested into Ara Damansara??


Added on December 16, 2012, 6:49 pm
QUOTE(abgkik @ Dec 16 2012, 06:34 PM)
Quality wise, may to refer Zefer (1st Villamas high end condo) upon it's completed for indication.. I believe Zefer will complete earlier than Verde
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Serin Residency and Zefer Hills ....




This post has been edited by Chris Chew: Dec 16 2012, 06:49 PM
Chris Chew
post Jan 20 2013, 01:22 AM

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QUOTE(Okeydokey @ Jan 19 2013, 07:52 PM)
Any news on the final block launching today?
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Huh, final block launch today?

Hmm, seems 19/01/2013 is a good date? So many launches today.


Chris Chew
post Feb 22 2013, 02:52 AM

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QUOTE(cockee @ Feb 21 2013, 07:07 PM)
Go ask your friends who have access to Atmosfera private FB page now!

Water is leaking from the car park wall and some other floor! KNS!
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I thought the developer had fixed it after the residents protest heavily and involved politicians last year.

Is this the latest case / issue again?



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