hi guys, i'm one of the balloters on saturday. managed to get quite a nice unit since my ticket was called early (2+). i too was shocked that the balloting for non-bumi stopped at 115 / 118 since i stayed on after my number was called. yes there are about 3000 tickets/ballots on that day. i heard 29xx being called and also some 00xx numbers. number of people should be around 1000 because averagely 1 person submitted about 3 - 5 tickets/ballots.

probability to be balloted is 0.3 - 0.4% chance!

just for your info, the bumi quota set by kuala langat land office and also the majlis daerah is 50%. so all developers would have to follow that ruling. the thing that i'm dissapointed at is that IJM did not mention from the start that there are only 115 non-bumi units for balloting. i thought there will be 200 plus (half of it).

for the sake of clarity they should be more transparent and show the site plan along with the blocked units (sold internally) from the start of the ballot.

nevertheless, congratulations to those who managed to get a unit or units!

This post has been edited by humms: Mar 5 2013, 11:39 AM

had the opportunity to visit the rimbayu site and chimes. IJM is spending millions to do up the place and getting it ready for future phases / launches.


chimes under construction with good progress


chimes under construction


chimes under construction


chimes: some rows superstructure is up


chimes


chimes under con


a lot of land have been cleared to platform level in rimbayu


future phase 2 and 3 have been cleared to platform level


chimes under construction


the arc under construction


clubhouse under construction


the arc under construction


cluster homes show units


main road from kota kemuning under construction

IJM started work even before launching in march. future phases will be the same. they'll start piling and foundation works before launching the future phases. spoken to their senior project director, IJM going to make sure this workmanship will be top notch with lots of greens and open spaces..

from the pictures noted that they're using sand / cement bricks.. not the usual clay bricks. i think nowadays sand / cement bricks are the norm in construction. though i prefer clay bricks.. whether it'll affect room temperature i'm not so sure about it. i thought temperature got to do more about type of roofing you use and colour / type of paint..

talking about the access roads, IJM have carried out earthworks for access roads linking from bdr saujana putra, onwards to the lake area and running parallel with SKVE towards Phase 1 chimes. note that these access roads with earthworks done are already being used by residents of saujana putra (newer phases) and kampung lombong residents as short cut to go to kota kemuning!



proposed access road with earthworks done from bdr saujana putra, next to lake..


access road with earthwork done near to saujana putra


proposed access road with earthwork done running parallel with SKVE at the southern end of Rimbayu from bdr saujana putra towards phase 1 chimes


another view of the proposed access road next to SKVE..

and to add on, the total construction contracts (common infra, earthworks, landscaping, etc) awarded to date (excluding construction contracts for chimes) already exceeded RM150million.. with more than RM50million as work done..

quite a lot of money being invested by IJM just to get this township on stream! and i believe purchasers have not even received the progress billing notice for the next drawdown of loan..

This post has been edited by humms: May 20 2013, 10:23 AM

i'm not working for IJM, just happen to have the opportunity to visit the site so just snap lots of pictures while there..

yea sure will do! i think the entire site is too huge to be hoarded up.. maybe after completion of first few phases with proper access roads, then only the future phases will be hoarded up. for now it's purely a construction site.. easily 500 - 600 acres being cleared and earthwork done now..

i think dijaya will benefit the most out of this because by the time they start something, access roads, basic infra etc will all be there.. dijaya's recent purchase is just directly adjoining the northern rimbayu boundary..

they bought the land at about RM1.3billion for 1,173 acres, the RM1.3billion consists of:-

1. land purchase RM587million payable over 12 years
2. 5% interest per annum on daily basis compounded to a max of RM252million
3. profit sharing based on 5% of GDV payable via 18 payments on yearly basis and 3% profit after tax payable via 3 payments after the 12-year land payment period, both total payable shall be at a min of RM458million (in other words also deferred payment throughout 18 - 20years depending on sales rate achieving 50%)

if calculate based on RM1.3billion, it will be RM25.40psf. if calculate based on deferred payment taking into consideration time value of money, the net price at today's value will be about RM15.50psf..

so it's about right and i believe PNSB and state government under Pakatan is quite smart compared to the previous one you-know-who.. lol

i believe in their development agreement with PNSB there will be some clauses to share some of the common infra costs.. but even then, the benefit will still go to dijaya this time.. however, IJM would reap more since they're the first to enter and capture the market share first.. rimbayu has a headstart maybe about 3 years ahead of dijaya

it's not that cheap at net price of RM15psf for 1,100 acres of leasehold land. SP Setia bought the 600+ acres freehold land in semenyih for RM13psf, Mah Sing bought South Ville bangi freehold land 460acres for RM18psf (agriculture basis), mah sing bought the rawang lands at RM6-7psf.. and FYI, BCB berhad bought 150 acres of leasehold residential lands in Kota Kemuning for RM16psf in 2011..it's along persiaran anggerik arantanda (if i spell correctly)

for the record, i believe IJM and Talam (together in a 50:50 JV vehicle) were supposed to develop Canal City to alleviate the flood problems in KL by constructing a series of canals, rivers and deepening of the Langat River to receive more flood waters from Klang river and other area. but since the SMART tunnel was constructed, the state gov under the previous one just told IJM & Talam to stop the canal city project and whatever costs sunken in will be considered as purchase price of the land (now known as rimbayu, 1,800 acres) . guess how much? RM6psf (totaling about RM470million including interests). the termination agreement was finally agreed in 2010..

yes IJM is smart, and they have also done a lot for the canal city development and also the Langat River. imagine from 2010 to 2013, the land price of 1000+ acres increased from RM6psf to RM15psf.. but of course can't compare directly like that since IJM has spent so many years and money doing infra works in the surrounding area.

that's why current state government is no longer a donkey.. the same goes for the talam deals with the old regime for those batang berjuntai lands.. it's good move for the current state gov to purchase back those lands from sad talam.. been screwing selangor people for so many donkey years..

This post has been edited by humms: May 21 2013, 03:25 PM

lol agree with you! from the ijok lands, to batang beruntai lands and all the way to kuala langat lands.. all thanks to toyol!!

eh how u know i'm vested in rimbayu???

got an end lot for the 22x75 type.

got balloted, and quite early at no. 20 something.. so managed to get quite a nice end lot unit along a cul de sac.

there are quite a number of bumi lots taken up now.. i think total about 40 bumi lots.. upon bumi release in the next 6 months or so.. i think it'll get snapped up

the last i check i think remaining 42% unsold.. all bumi units

there'll be rainwater harvesting, solar water heater system to bathrooms and a few green building stuffs..

for those who are skeptical, may be you all should wait for the future launches.. the launches will be getting more exciting especially those lake front semi-ds and lake front bungalows.. i've seen their approved master plan.. very luxurious and high end for those lake front developments..

all left bumi quota units.. maybe have to wait another 6 months for release to non-bumi..

phase 2 will be launched in september.. they have not finalized the building plans and have not obtained kebenaran merancang for it.

i think need to hold for 5 years.. the immediate north of Chimes (Phase 2 and 3) will be launched end of this year and next year respectively and to wait for these 2 future phases to complete will need about 4 to 5 years..

IJM have quite a good track record in reviving abandoned / struggling projects and townships. for example, Serenia Gardens in Hulu Kelang, Shah Alam 2 in Ijok, Laman Granview in Puchong, Seremban 2 in Seremban.

BR is a brand new township created and drawn out from sketch by them, i believe it will work based on their track record. as per the earlier post, there will be upgraders from Banting, Port Klang, Puchong and further south towards KLIA area. in actual fact, a lot of Kota Kemuning and Kemuning Utama owners TRIED to purchase units in Chimes.. some of them saying it's for their children etc etc..

hm.. it's about time looking at the stage of construction!! and i have to get ready some payment since i only loan 80%!

means IJM skipped the 2nd progress billing at 10%