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Investment Elmina by Sime Darby, Near Denai Alam

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Chris Chew
post May 28 2014, 09:29 AM

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QUOTE(YnWa77 @ May 28 2014, 08:26 AM)
30x100 launching in Sept.. indicative price ~RM 1.2 m
BU 3300-3500. There will b  2 type of design with indoor  courtyard

Scale model for both types is available in sales office but I've yet to see the design
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As expected, it is 3500 sq ft.

If 3300-3500 built up for a 30x100 footer, seems the car porch is very long and the back, surely min 7-8" feet like previous phase, hopefully not 10" ft.

Very premium ans comfort living.

Chris Chew
post May 28 2014, 02:11 PM

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QUOTE(kochin @ May 28 2014, 09:34 AM)
boss, actually think think think, not too bad. RM1.2mil/3.5k sf = RM343psf.
cheaper than a whole lot of condos out there.
if you think like that lah.

else, RM1.2mil / 3k sf land size = RM120psf, also cheaper than EM's bngalow lots. this one comes with free building. kekeke.

worth it hor?
rclxms.gif  rclxms.gif  tongue.gif
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Boss,

RM 1.2mil / 3k sf land = RM 400 psf ....

Still worth it worth it.


Chris Chew
post Jun 4 2014, 09:04 AM

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QUOTE(zerol410 @ May 30 2014, 10:03 AM)
I personally prefer individual safety & security rather than G&G.
G&G makes me feel like living in a camp or something, as opposed to resort kind of living. Plus, relatives & friends are subconsciously discouraged to visit due to the strict procedures.
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Bro, u sure or not?

Some ppl prefer individual title due to renovation hassle free and lower maintenance fee. 1st time i heard due to safety & security.

You prefer a loose security and management?
Chris Chew
post Jul 28 2014, 05:01 PM

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QUOTE(novel87 @ Jul 28 2014, 04:15 PM)
I'm looking for a property in this area... Will there be any future launches for double storey terrace?
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No worry. They are plenty of houses are yet to launch.

Chris Chew
post Jul 30 2014, 12:34 PM

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QUOTE(PeriPeri2014 @ Jul 30 2014, 11:42 AM)
OMG 700k.....i think they start launch DSL 20x70 in phase1 Elmina oledi 600k ?? Correct me if i wrong.
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That was Ariza, not 20x70. But 20x88 if not mistaken. But only 60+ units and only left 3 units for public.
Chris Chew
post Jul 30 2014, 11:25 PM

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QUOTE(PeriPeri2014 @ Jul 30 2014, 03:34 PM)
Chris taikor, Elmina and Puncak Alam which 1 more far from KLCC?? hmm.gif  hmm.gif
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Sorry, no idea bcz never test before.

For Elkins, not easy to test unless I can estimate the exact location with its accessibility of each phase. Since this is close to 2000+ acres ( if not mistaken, maybe more ) development, one point to another point could be taken few kms away.
Chris Chew
post Aug 8 2014, 10:28 AM

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QUOTE(onecar22 @ Aug 8 2014, 10:22 AM)
I have visited the site last week , this are the photos for the Ariza facing the lake view
[attachmentid=4085543]

[attachmentid=4085545]
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Quite nice with such lake view

Chris Chew
post Aug 12 2014, 09:34 AM

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QUOTE(HighwayCruiser @ Aug 12 2014, 09:25 AM)
visited Elmina yesterday...direct access from Guthrie Highway..currently, available units are CRISTA, cheapest price at 990k (30' x 69')....plan to purchase for investment not own stay..what do you think guys?..can flip this property at 1.2 million after 5 years?? hmm.gif ...personally I would think is going to be tough..so decided not to proceed...unless if I secured AREZA which was launched last year at 600k...
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RM 990k now and intend for RM 1.2m is very reasonable after 5 years. It just RM 200k target and this is doing well like Denai Alam subsales, I reckon it is not hard.

Given the current price tag compare to Denai Alam earlier on, we still unsure if market is still good 5 years later. But since u have good holding power, not an issue for u.
Chris Chew
post Aug 13 2014, 12:45 AM

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QUOTE(chelsea2013 @ Aug 12 2014, 10:57 PM)
how about ariza? can target more than RM200k profit after 5 years?
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Lol. If merely a target only, why not?

Since RM 200k over the span of 5 years is not huge asking and its not too short term. Unless you tell me double flip, then I suggest it is unlikely to happen, be it possible or impossible. Later got ppl spam me that I keep speculate price increase.

I believe the possibility due to Dena Alamo subspace for terraces are doing well.


Chris Chew
post Sep 10 2014, 11:44 AM

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QUOTE(negisf @ Sep 10 2014, 11:01 AM)
Size of keana is 24"x79", with b/u of around 23xx sqft
Launching price is RM728k onwards if i'm not mistaken, when i check with the staff at Elmina gallery
If assuming price is 728k, minus 7% bumi disc, meaning he bought around RM677k.
Now he's asking for RM850k.

Nope. Keana's not at VP stage, it's still under construction..
Just that if i were to deal with him, i'll pay the 10% deposit and wait the balance when Keana's is ready for handover next year
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Bro, that was bumi lot or international lot? Not sure if bumi buyers allowed to get bumi quota discount for international lot for Elmina.

If bumi lot, RM 850k is verg expensive leh.

Simemore need to pay 10% dp first for a Phase 1 project, I might advise u to look into Denai Alam, more matured for now.

Chris Chew
post Sep 10 2014, 12:33 PM

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QUOTE(kochin @ Sep 10 2014, 12:18 PM)
but the problem is you are not buying undercon. you are buying on the assumption that it is completed even though it is presently undercon now.
your agreement should state the 90% is only payable subject to the property is VP and handed over to you.
furthermore, you should also put in clause that if abadonment comes into play or seller not able to hand over the property to you within say 2 years, then the deal is also aborted with interest on your 10%.

put yourself in his/her shoes.
assume you bought at RM728k.

interest until completion approx RM36k
loan legal fees at say approx RM6k
10% downpayment of RM73k and loses out on FD savings = 3% x RM73k x 2 years = RM4.4k

assume no rpgt and no lock-in penalty from banks.

the cost of purchase now would be RM728k+RM36k+RM6k+RM4.4k=RM774.4k

so if you bought in at RM728k then, what price would you be willing to let it go?
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Excellent comment from kochin boss.

Wahh, he bought the RM 728k with 7% dsicount and if sold RM 850k now,

RM 850k - Purchasing cost RM 774k - 51k ( 7% bumi dis ) and minus RM 10k etc ( S&P fee ), still untung RM 117k in one year time. Nice.

Chris Chew
post Sep 10 2014, 03:02 PM

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QUOTE(kochin @ Sep 10 2014, 01:41 PM)
not one year lah. more like 2 or 3 years lah boss.
but realistically need to factor in rpgt too if such short duration.
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Ya, it was excluded RPGT until he dispose officially.

But, wat I meant was Keana was only launched one year ago and it suppose to complete next year, if the deal is thru, the RPGT incurred would be still 30%, my goodness.

If me, die die also wont sell within 3-4 years.
Chris Chew
post Sep 17 2014, 09:35 AM

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QUOTE(lanrambai @ Sep 12 2014, 10:45 AM)
There are no Bumi Lot in Elmina. Its only Bumi Quota. Even though the house was bought by a Bumi using Bumi Quota, he can sell it to everyone without any restrictions. You may confirm that with their SA. In Elmina, the quota was 50-50. I think this only apply in Selangor. KL is different. I was looking for a condo unit in Wangsa Maju. The SA told me that in KL, if you buy using Bumi Quota, you cannot sell it to Non-Bumi for a certain period of time after VP. Can't remember how long. 5 years maybe. So, if a Bumi wants to buy a unit in KL with intention to flip fast, he have to opt for the non-bumi quota.
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Bro, I certainly know what is the difference btw bumi quita and bumi lot.

As Elmina is part of Shah Alam and a huge township, it would be different if the bumi quota is used instead of bumi lots. It can boom up the prop price.

If what u mentioned is true( Elmina is bumi quota but international lot ), bumi buyers have an edge of 7% cheaper than international lot buyers when comes to subsale point. If SA from Sime Darby I would trust, if real estate agent, I might be different unless I able to analyse his professional and knowledge bfore to trust further. Most young REA I met always try to commit anything to push the sale through, kinda of misleading sometimes.

Which prop u mentioned in Wangsa Maju? Subsale or project? Bumi quota but cannot sell to non bumi buyers within 5 years? Unless the land has some restriction on it and consent takes time.

Chris Chew
post Sep 22 2014, 12:30 AM

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QUOTE(Gomz1205 @ Sep 21 2014, 10:56 PM)
Clusya and aralia launching end of October. Size 30 x 100. Another balloting process. Indicated,pric,wild be 900 k for intermediate, 1.3 end lot and 1.5 mil for corner.
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30x100 is damm great superlink but starts from only 900k?

Built up ma < 2500 sf and buyer need to do own renovation + extension?

Chris Chew
post Sep 22 2014, 12:52 AM

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QUOTE(Gomz1205 @ Sep 22 2014, 12:47 AM)
That's why the SA told me...oh well, let's wait for the official launch to know for sure. But the layout looks nice, 4+1'rooms  aralia has court yard whereas Clusya doesn't hv.
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Oic. Thanks for ur update boss.

Lets see what the finalized price. Maybe RM 900k only certain limit units with small small built up and the rest much bigger.

Chris Chew
post Oct 21 2014, 09:50 AM

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QUOTE(chelsea2013 @ Oct 20 2014, 09:53 PM)
tempted to buy 30x100, very big and attractive.....but no money.....
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Thats really a so called " superb link "

Any layout at SD website?

Interested to see the car porch berapa lenght and how many ft left at the back. This size need extension and reno if want to maximize more usable land.
Chris Chew
post Oct 28 2014, 09:45 AM

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QUOTE(chelsea2013 @ Oct 27 2014, 09:07 PM)
intermediate unit of Ariza worth 600k, downpayment 10k.
since Ariza was mostly sapu by SD staff and assume that guy bought the unit with 5% staff discount, so he only lost 5%?

anyway, something fishy happened.....internal news?
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Ariza got RM 600k so low last year?

Chris Chew
post Oct 28 2014, 09:48 AM

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QUOTE(Hkwave @ Oct 27 2014, 05:21 PM)
Thought Ariza was sapu by all SD stuff? Launch was more than a year ago right? And the house is completing next year, why now only say wanna cancel? Sounds fishy.

Or now wanna take 100k profit? I don't know, if I bought the house, I won't wait until now to cancel. Even if loan not approve also don't need to wait that long to know. Somemore 3 units, you think SD stuff so stupid to lose 10% just like that? I don't know man.
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It could be the purchaser very confident to secure the S&P first and apply the loan later at 70%.

Perhaps at this stage, his profile unable to secure the loan of even only 70% and billing is coming with due date, therefore rather or force to cancel it without backup plan.

Chris Chew
post Jan 22 2015, 04:40 PM

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QUOTE(YnWa77 @ Jan 22 2015, 03:58 PM)
Dear Sir/Madam
You are invited to join the launch of Clusia, Elmina, Shah Alam. Details are below:
- 2 Storey Super Link House, 30'X100'
- Built-up 3,500sf & 3,800sf
- RM1,276,888 & onward
- 4+1 rooms, 5 batrooms
- Freehold individual Title
- Free SPA & MOT

Date: 24 January 2015, Saturday
Place: Elmina Sales Gallery @ Denai Alam
Deposit: RM40,000
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Woooow, really a superlink, 30x100 is damm huge superlink.

Chris Chew
post Feb 4 2015, 10:04 AM

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QUOTE(New Klang @ Jan 26 2015, 01:51 PM)
SD town planning is outdated at least 30 years.
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Wah. Got so long mehhh.

But IMHO, I like Elmina masterplan much more than other townships. Next being Bdr Bukit Raja although it is non G&G not F&G but the houses designed really improved a lot since 5 years back.

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