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Investment BANDAR RIMBAYU | CHIMES | PERRENIA | PERIWINKLE, RM11bil Landed DSL Township kickstart

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AVFAN
post Feb 23 2013, 07:17 PM

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QUOTE(UFO-ET @ Feb 23 2013, 06:46 PM)
If 630K for 22'x75', I think very hard to "telan"
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like to pick yr brains, knowing u r big ai fan...

why hard to telan at that price? alam impian alebit freehold looks same bet to me, if not worse.

this rimbayu holds ijm promise to make it good at a starting point.

ai after 6-7 years can't dun have one school and one shop - still a good bet?
AVFAN
post Feb 23 2013, 07:37 PM

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QUOTE(UFO-ET @ Feb 23 2013, 07:31 PM)
I came to Alam Impian in 2006 when it was handled by Alam Impian Sdn Bhd in Wisma Cosplant, I hold on my decision to enter AI until Pentas 1 launching, only 20% of entire AI products fulfill my requirement.
Pentas 1 is not ready, from day 1, my maturity date for Pentas is 2015-2016. Pls remember to come back and visit.
To early to judge my decision, I might be wrong.
p/s : every product, area and township has different life cycle. I haven't counted out Rimbayu, certain product suits my appetite.
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ok, tq for yr comments. i will make my 3rd visit to ai before yr end, see if i will hv a diff opinion after 5 yrs.

This post has been edited by AVFAN: Feb 23 2013, 07:37 PM
AVFAN
post Feb 25 2013, 12:00 PM

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QUOTE(ng2233 @ Feb 25 2013, 10:07 AM)
15 registrants wont be going to the ballot, my group opt out due to the high price.
But for those buying for own use, should be a good choice with IJM, they never failed. Good luck.
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can you share a bit about other reasons for not going in besides price?

since it's a group, chances it's not the first time buying, will be good to hear a bit more on the group's assessment. tq.
AVFAN
post Feb 25 2013, 06:33 PM

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QUOTE(spydermind @ Feb 25 2013, 03:54 PM)
If everyone already expected IJM to be very successful in this township in years to come, then better dont go it. The reason is simple, some of these expectation already been factored into the price and in other words, less risk less gain.

Before Setia Alam or SEP, SP Setia is not that famous per say, and the same goes to Samling group ..... sometimes, you may get more surprises ..... for now, i dont enter sime as they already factored in too much premium compared to in the past.
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this is an interesting thought, tend to agree than disagree...

rewind to when these 2 places just started, i doubt the assessment is clear in anyone's mind. at that time, the chance of them coming out mediocre is there, just like we see many medicore ones today launched at about the same time. take bandar bukit raja vs setia alam and any dev in kepong/manjalara vs dpc, you know what i mean.

and herein lies the perennial challenge - how do you gauge the chance of great results vs mediocre results vs poor results of any dev at a early stage? big developer? location? schools+shops? facade? eco theme? price? stock market? politics?!!

perhaps there have been 3 main drivers in the 2008-2010 prop kaboom: 1. total mkt forces, 2. location/infra delivery and 3. developer ability to add value with commercial-schools-leisure. but that can't mean any major dev successful in one place can repeat elsewhere. but, chances are, certain things will come out right. on the other hand, if nothing great is seen in a dev after >5 yrs, one will have to rely on total mkt to push it up since 1 or the other factors were not fruitful and, some will say, "doomed right from the start".

i dun think there is a fixed formula for any investor to use but.... like some taikors already mentioned - best might be to just sit back for 1st or even 2nd launch and see what has or hasn't happend by then. this is probably a good approach, albeit conservative, not suitable for the kamikaze bbb fellas. tongue.gif

AVFAN
post Feb 27 2013, 10:53 AM

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QUOTE(cwyan @ Feb 27 2013, 10:36 AM)
I am not sure what you guys think but 580k for super far location and leasehold is dam exp.....

"According to IJM Land Bhd sales and marketing manager Susan Teh, they received encouraging response through an electronic data mailer (EDM) with approximately 3,000 people interested for the balloting of Phase 1."......We shouldn't register........this is the reasons why the jack up the price! hahahaa
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"far" is a relative term, depends on who's traveling to and from where.
leasehold... yes, not so good.
of course developer monitors all pre-launch comments incl lyn.
but u r probably right that given mostly enthusiastic comments, dev pushed price higher rather than lower compared to plan.
well, they don't need 3000, just 500 buyers will do!

this rimbayu...i estimate it'll be >90% investors. even as 1st movers, the risk is significant, imo.
AVFAN
post Mar 3 2013, 07:28 PM

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QUOTE(Vestor @ Mar 3 2013, 05:44 PM)
Thanks taiko for the pic...memang maciam pasar, ppl still flushed with lots of money --> BBB
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flushed with debt la... tongue.gif
AVFAN
post Mar 6 2013, 06:00 PM

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QUOTE(UFO-ET @ Mar 6 2013, 05:40 PM)
A few conclusions I can make from this launching :-

1. Landed property is still in hot demand
2. Leasehold is not a big concern anymore.
3. LYN / WTF etc forums discussion has 0.001% effect on property market, I hv seen roughly >70% of forummers say the following launchings are overpriciced, i.e Temasya Glenmarie, Kinrara Residence, Setia Eco Glades, Setia Eco Hills bungalow lots, Rimbayu 1st launch, but all receive overwhelming response.
4. Landed house price <700K has great demand, affordability is the key issue
5. Township development is the future.
6. In general, modern facade and green township will be the trend, Alam Impian which is better in location, freehold and cheaper is losing all out to Bdr Rimbayu.
7. IJM is considered very successful in marketing this launching, as I dun see great selling points. price is 20%-30% more expensive than the vicinity Tamans, no gated and guarded, very remote and interested buyer is unable to reach the site at all, current mkt sentiment is weak and slow down significantly, although I am not very happy with this balloting process but I must say IJM has been very sensitive to the mkt needs and able to tackle the right mkt group.
8. Branding is more important than location.
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1. agree
2. speculators don't care, genuine homebuyers do
3. agree, lyn and all forums have little effect, only to the extent developer staff do read and discuss at low level meetings
4. it was 600k <1yr ago, now 700k? i doubt it...
5. agree, but "township" means different things to diff people, some want int't schools and malls, some contented with worship houses
6. alam impian is just another taman of houses, has been like that and will be like that for a long time. but ai now is for genuine buyers to live there while rimabyu is 99% for speculators, see the difference?
7, 8. rimbayu so far is perceived to be selling hottie, it worked! <120 units for the common fellas, can't speak that soon. insider bookings, bumi quota, discounts... not so difficult for any major to sell out using such tactics!

 

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