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The Fennel @ Sentul East by YTL, Sentul East YTL
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EddyLB
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 Jul 19 2013, 03:02 PM
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QUOTE(kochin @ Jul 19 2013, 02:37 PM) 4.5 years construction period? practically can flip immediately upon VP to 'escape' RPGT liao. and averaging approx rm800k per unit? so targeting what price upon VP? RM1mil? 25% increase? annualised to about 6% increase per annum? kekekekeke. so there would be about 900 millionaire's unit upon completion? geng! If 10% downpayment = RM80k. Sell RM1m. Profit RM200k - capital RM80 = RM120k net cashflow = 150% return = 30% per annum. Not too bad  |
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EddyLB
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Jul 19 2013, 03:17 PM
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QUOTE(airline @ Jul 19 2013, 03:12 PM) If cant sell 1 million then how? To flippers, there is no "if". Very positive one |
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EddyLB
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Jul 19 2013, 04:33 PM
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QUOTE(mkbb77 @ Jul 19 2013, 04:23 PM) For me, this project good for own stay if can afford it but definitely not for investment! For rent, very competitive as Capers, Saffron, Tamarind can provide cheaper rental. For flipping, 4.5 years construction period too long, buy other place definitely can flip few times and margin sure more than RM120k. Nevermind lah, for me got 30% pa i very happy. When i calculate my calculator never smoke one |
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EddyLB
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Nov 3 2013, 11:55 AM
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Material cost with GST will incur another 6%. So, the next launch psf will factor in the increased cost of construction. While the RPGT does not have much impact since VP is 4 years. Another round of BBB for the next launch  |
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EddyLB
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Nov 8 2013, 05:47 PM
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Heard will launch by the end of this month, still have DIBS and RM50-RM100 psf more |
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EddyLB
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Nov 15 2013, 10:12 PM
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QUOTE(ganster123 @ Nov 15 2013, 08:29 PM) Depends on your objective. For investment, the cheaper the better. That's what I thought all these while. Try to get the cheapest unit irregardless. That is the easiest to let go and the highest profit  |
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EddyLB
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Nov 19 2013, 06:46 PM
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You guys are funny, both haters and buyers Haters thought the psf price is too high. But many people are buying still. I bet many haters haven't even visited the place and understand the project. While buyers keeps defending. Why ? No confidence just because some haters express their opinion ? Anyway, 4.5 years is a long long time. We are talking about a lot of "IFs" here. If you think the price is high, don't buy. Many other will buy anyway. If you think bubble is going to burst, then all projects in KV also will be affected. Not only this one. If you think the project is attractive and worth the money, then stick with your plan. 4.5 years down the road you will know whether you made the right decision or not This post has been edited by EddyLB: Nov 19 2013, 06:47 PM |
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EddyLB
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Nov 19 2013, 07:08 PM
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QUOTE(zonefinder @ Nov 19 2013, 06:57 PM) Frankly, my only complaint is that Francis Teoh is uncharacteristically slow in ramping up this project. I'm confident he can do it well but moving like a snail lah! No doubt many people buy into this project because of the "Brand Name". They know Francis Teoh's "taste". Sounds funny to many people because the haters' calculators cannot justify the price. But if you look at all his project like Bintang Walk, hotels in Pangkor/Bali etc etc, you know he is into up market. Up market has its niche and thus command premium price. To many people, it is insane. Again, it sounds funny. But believers will buy into it. Haters will just laugh at it |
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EddyLB
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Nov 20 2013, 08:10 AM
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QUOTE(ManutdGiggs @ Nov 20 2013, 07:04 AM) Boss no rite or wrong ge. Bliver ll giv gd comments lo. Those not vested giv bad comments lo. Vely typical layman mindset ma. Eg. Many vested in robertzhai oso giv comments till got sky no land lo.  Som even say fennel is for investors but forgotten actually many projects ll hav investors eg robertzhai oso mainly investors.  So just learn to accept gd n bad, pro n con, true n false comments. 1 day it might b useful. Tats the beauty of forums.  Being a millionaire is hard. But becoming a millionaire who knows how to tok kok is wasteful. True, 1 type of rice feed 100 type of people. I still have friends who criticize Setia, DPC, or MK properties. I think they missed out so they say no good |
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EddyLB
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Nov 20 2013, 08:11 AM
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QUOTE(OPT @ Nov 20 2013, 07:13 AM) Who is this Francis Teoh?  Oopss... sorry type too fast press wrong key beside Y |
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EddyLB
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Nov 20 2013, 08:19 AM
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QUOTE(ManutdGiggs @ Nov 20 2013, 08:12 AM) Btw I'm not vested in fennel but ytl stock nia. You only vested in commi nia. Small like this not your cup of tea |
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EddyLB
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Nov 20 2013, 11:17 AM
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QUOTE(ManutdGiggs @ Nov 20 2013, 09:28 AM) Boss there r commi(s) being priced lower than the mid size fennel le. Yalah, I have 1 shop I bought for RM150k in 90s, now only about RM300k. Rental RM1.5k nia hahaha Same tenant for the past 10+ years |
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EddyLB
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Nov 20 2013, 04:06 PM
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QUOTE(ManutdGiggs @ Nov 20 2013, 01:43 PM)  I hav a shop purchase in 1991. A yr later than urs. At 140k. Last yr got offered 650k. Refused to sell. Now another buyer wanna offer me 750k. I told him, not selling, but he placed the cheque in agents ofis. Waiting for me to sign the LOI.  Reckon 750K stil way below fennel. So maybe sell the shop if can match fennel price. No lah, not worth to fore go steady rental. If you think fennel have good capital appreciation 4.5 years later, then you buy with 20% deposit ~ RM200k. I think 4.5 years later can appreciate 200k. 100% over 4.5 years is not bad. Of course, the risk is always there |
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