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Investment Elmina by Sime Darby, Near Denai Alam

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Chris Chew
post Sep 26 2013, 12:30 AM

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QUOTE(chelsea2013 @ Sep 23 2013, 11:27 PM)
next month
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Ballot ah

zettygal
post Sep 26 2013, 01:00 AM

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http://www.thestar.com.my/Business/Busines...ngai-Buloh.aspx

I think this is good news for this area.
hondaracer
post Sep 26 2013, 07:04 AM

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QUOTE(zettygal @ Sep 26 2013, 01:00 AM)
http://www.thestar.com.my/Business/Busines...ngai-Buloh.aspx

I think this is good news for this area.
*
This will bring more uptrend lifestyle ..... and further increase price
bearbearhong
post Sep 26 2013, 07:43 PM

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QUOTE(zettygal @ Sep 26 2013, 01:00 AM)
http://www.thestar.com.my/Business/Busines...ngai-Buloh.aspx

I think this is good news for this area.
*
Is elmina west the sime darby land before entrance to guthrie highway frm kuang?

This post has been edited by bearbearhong: Sep 26 2013, 07:44 PM
elmond
post Sep 26 2013, 07:53 PM

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no, elmina west was north to west of bukit subang
kochin
post Sep 27 2013, 08:52 AM

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http://www.thestar.com.my/Business/Busines...ment-in-Is.aspx

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has picked the manager of the famed Thai luxury health resort Chiva-Som to run its RM3.5bil wellness-based development Avira in Iskandar Malaysia, said deputy managing director Eric Chan.

“We have signed them on for Avira and will announce the full details soon, including the concept,” he said after a shareholders’ meeting.

The award-winning Chiva-Som in Hua Hin province, which has played host to the Beckhams, is known among spa enthusiasts as one of the world’s top health resorts.

Avira – a joint venture between E&O, Khazanah Nasional Bhd and Singapore’s Temasek – is the Penang-based developer’s first project in Iskandar. It has a land size of 210 acres and fringes a natural mangrove forest.

Chan had previously told StarBiz that the development would contain a 12.5-acre wellness “core”, alongside residential and commercial properties. E&O intends to roll out Avira in the later part of the year.

Meanwhile, Chan said he could not divulge more information on the firm’s proposed Elmina West project until a sale and purchase agreement was firmed up.

E&O had inked a non-binding memorandum of agreement on Wednesday to buy 135 acres of freehold land in the 5,000-acre City of Elmina from a unit of Sime Darby Bhd, its 32% shareholder.

Both parties are targeting to wrap up talks by March next year. E&O is also planning a wellness-themed mixed development there, its second such concept after Avira.

“We are working out the boundaries of the land and will probably acquire it once the conversion and infrastructure are done, which makes sense for us as a master developer,” Chan said.

The Elmina West land, which hugs a forest reserve, marks E&O’s maiden township in the Klang Valley, as well as its first proper collaboration with Sime Darby since the plantation giant acquired a much-hyped 30%-stake in E&O two years ago.

While details of the project remain scant, analysts estimate that it could fetch a gross development value (GDV) exceeding RM1bil, with the purchase price likely in the region of RM200mil.

Sime Darby has nearly sold out Phase 1 of Elmina in Sungai Buloh following a launch in the second quarter this year, at prices ranging from RM600,000 to RM800,000.

The entire City of Elmina has a projected GDV of RM21bil to be developed till 2040.

On Seri Tanjung Pinang 2 – E&O’s massive extension to its seafronting Seri Tanjung Pinang in Tanjung Tokong, Penang – Chan said reclamation works could begin in mid-2014 once it gets the greenlight from the Department of Environment for the RM25bil GDV, 760-acre development.

The detailed environmental impact assessment (DEIA) study is expected to be submitted for approval by the end of the year.

Asked about the risk of non-compliance of the DEIA, Chan said: “All the questions have been raised during the public forum and are being addressed by the report. The authorities will review it and decide from there whether to issue full or conditional approval, or otherwise.”

Seri Tanjung Pinang 2 has received an approval-in-principle from the state government.

Chan also said the company aimed to start sales for its RM250mil GDV Princes House project in central London, featuring 56 residential units, by November.

Although he stayed mum on its selling price, industry observers say the Covent Garden property may cost £1,500 per sq ft.


--------------------------------

ho sei liao! rclxms.gif
YnWa77
post Sep 27 2013, 12:57 PM

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QUOTE(kochin @ Sep 27 2013, 08:52 AM)
http://www.thestar.com.my/Business/Busines...ment-in-Is.aspx

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has picked the manager of the famed Thai luxury health resort Chiva-Som to run its RM3.5bil wellness-based development Avira in Iskandar Malaysia, said deputy managing director Eric Chan.

“We have signed them on for Avira and will announce the full details soon, including the concept,” he said after a shareholders’ meeting.

The award-winning Chiva-Som in Hua Hin province, which has played host to the Beckhams, is known among spa enthusiasts as one of the world’s top health resorts.


Avira – a joint venture between E&O, Khazanah Nasional Bhd and Singapore’s Temasek – is the Penang-based developer’s first project in Iskandar. It has a land size of 210 acres and fringes a natural mangrove forest.

Chan had previously told StarBiz that the development would contain a 12.5-acre wellness “core”, alongside residential and commercial properties. E&O intends to roll out Avira in the later part of the year.

Meanwhile, Chan said he could not divulge more information on the firm’s proposed Elmina West project until a sale and purchase agreement was firmed up.

E&O had inked a non-binding memorandum of agreement on Wednesday to buy 135 acres of freehold land in the 5,000-acre City of Elmina from a unit of Sime Darby Bhd, its 32% shareholder.

Both parties are targeting to wrap up talks by March next year. E&O is also planning a wellness-themed mixed development there, its second such concept after Avira.

“We are working out the boundaries of the land and will probably acquire it once the conversion and infrastructure are done, which makes sense for us as a master developer,” Chan said.

The Elmina West land, which hugs a forest reserve, marks E&O’s maiden township in the Klang Valley, as well as its first proper collaboration with Sime Darby since the plantation giant acquired a much-hyped 30%-stake in E&O two years ago.

While details of the project remain scant, analysts estimate that it could fetch a gross development value (GDV) exceeding RM1bil, with the purchase price likely in the region of RM200mil.

Sime Darby has nearly sold out Phase 1 of Elmina in Sungai Buloh following a launch in the second quarter this year, at prices ranging from RM600,000 to RM800,000.

The entire City of Elmina has a projected GDV of RM21bil to be developed till 2040.

On Seri Tanjung Pinang 2 – E&O’s massive extension to its seafronting Seri Tanjung Pinang in Tanjung Tokong, Penang – Chan said reclamation works could begin in mid-2014 once it gets the greenlight from the Department of Environment for the RM25bil GDV, 760-acre development.

The detailed environmental impact assessment (DEIA) study is expected to be submitted for approval by the end of the year.

Asked about the risk of non-compliance of the DEIA, Chan said: “All the questions have been raised during the public forum and are being addressed by the report. The authorities will review it and decide from there whether to issue full or conditional approval, or otherwise.”

Seri Tanjung Pinang 2 has received an approval-in-principle from the state government.

Chan also said the company aimed to start sales for its RM250mil GDV Princes House project in central London, featuring 56 residential units, by November.

Although he stayed mum on its selling price, industry observers say the Covent Garden property may cost £1,500 per sq ft.
--------------------------------

ho sei liao!  rclxms.gif
*
So elmina west good @ elmina east? Initially I tot no development for elmina west.Confused. I met up with sales agent yesterday. 4th phase 24x79 wil b 1st week Nov thru balloting price close to rm800k wor

YnWa77
post Sep 27 2013, 10:34 PM

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Anybody receive statement from sime darby elmina? I received the differential payable notice. Under rebate, I did not see the 2% discount leh.

TSjeghui
post Sep 29 2013, 06:24 PM

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not yet. maybe coz not yet bina.
YnWa77
post Sep 29 2013, 10:18 PM

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QUOTE(jeghui @ Sep 29 2013, 06:24 PM)
not yet. maybe coz not yet bina.
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My SA just emailed me statement of ac already . 2% discount already reflected during 2nd 10% billing

rclxm9.gif


TSjeghui
post Sep 30 2013, 12:03 PM

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Me not yet 2nd billing
TSjeghui
post Oct 17 2013, 10:44 PM

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As far as I can go


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elmond
post Oct 18 2013, 09:03 AM

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QUOTE(jeghui @ Oct 17 2013, 10:44 PM)
As far as I can go
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nice scene, just one only?
this water fresh from a river or man-make lake?
TSjeghui
post Oct 18 2013, 09:28 AM

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More at elmina fb page


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Lengagnes
post Oct 24 2013, 09:29 AM

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Update from developer staff,the new phase will start to sell in coming dec~price at about 800k & above~balloting.
Will this in bbb mode??
TSjeghui
post Oct 24 2013, 11:41 AM

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yup. landed ma
vettel2020
post Oct 24 2013, 12:09 PM

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QUOTE(Lengagnes @ Oct 24 2013, 09:29 AM)
Update from developer staff,the new phase will start to sell in coming dec~price at about 800k & above~balloting.
Will this in bbb mode??
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when is the ballot? any idea on the BU and land size?Thanks

elmond
post Oct 24 2013, 12:37 PM

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http://www.simedarbyproperty.com/Default.aspx

Future Launches
2-Storey 24 x 79 & Superlink 30 x 100 at Elmina
Neoh1979
post Oct 24 2013, 01:22 PM

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QUOTE(elmond @ Oct 24 2013, 12:37 PM)
http://www.simedarbyproperty.com/Default.aspx

Future Launches
2-Storey 24 x 79 & Superlink 30 x 100 at Elmina
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Crazy lo...no dev yet...800k ar.
700k okla
elmond
post Oct 24 2013, 01:57 PM

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http://www.flickr.com/photos/zerol410/8990247341/

wait until dev not that price lo.

This post has been edited by elmond: Oct 24 2013, 01:58 PM

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