Investment Elmina by Sime Darby, Near Denai Alam
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 Apr 7 2016, 07:31 PM
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#1
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Junior Member
257 posts Joined: Jan 2014 
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Is this elmina is a good buy? I went to see just now. Still many available. Sold only 65%. Price starting from rm645 888 before bumi discount. Completion date will be april 2018. U guys think this is a good investment? How much the price can go up when the house is completed in 2 years time?
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Apr 8 2016, 09:58 AM
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#2
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(abuhanif81 @ Apr 8 2016, 09:47 AM) wahh..even in the soft market like now..still want to flip? You are so bold..  QUOTE(mingyew @ Apr 8 2016, 09:52 AM) if u think to flip, forget it. So both of u guys dont think its a good buy for investment? OMG, I just put a booking rm20k yesterday for 2 units there, thinking of flipping it in 3-5 years time.  |
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Apr 8 2016, 10:42 AM
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#3
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(anulus81 @ Apr 8 2016, 10:37 AM) how much monthly progressive interest for until completion? Btw, how do u managed to book yesterday? Are u staff or prime member? monthly progressive not sure. need to check again. prime member. |
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Apr 8 2016, 10:43 AM
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#4
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(mingyew @ Apr 8 2016, 10:01 AM) personally think if you want to see a very good return, u need to survive for 8-10 years, or small profit like 50k per unit for short term. the salesman said once it completed in 2 years time the price potentially go up to 750k...dont know true or not...finger cross... |
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Apr 8 2016, 10:51 AM
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#5
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(elmond @ Apr 8 2016, 10:42 AM) depends how much you want to sell for flip. Thanks...u made my day....hopefully my investment will be fruitful....if can get 850k i would be more than happy 700k-850k, yes 850k-1mil, unlikely >1mil, dreaming below is the denai alam 20x70 $ psf based on transaction price. [attachmentid=6336183]  |
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Apr 8 2016, 11:09 AM
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#6
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Junior Member
257 posts Joined: Jan 2014
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if the house got number '4', can we change it to 3A? how's the process like? is it complicated?
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Apr 8 2016, 11:26 AM
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#7
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(elmond @ Apr 8 2016, 11:12 AM) Thank you so much sifu !  |
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Apr 8 2016, 01:17 PM
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#8
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(KTK-L @ Apr 8 2016, 12:08 PM) How many units left available? Another 30% left. About 80-90 units if im not mistaken.  |
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Apr 8 2016, 09:21 PM
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#9
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(redalert @ Apr 8 2016, 07:44 PM) Original S&P Price is 645,888. Bro can u explain more with Option 1. I dont quite understand since I'm still a rookie investor. Which way i can make the most with my investment?2 option: Option 1: 7% Bumi Discount, then Loan 90% from 645,888 is 581,299. You have to pay 3% downpayment. Pro for this is less RPGT if you intend to do investment and less cash to pay the downpayment. Option 2: 7% Bumi Discount, then the new S&P Price will be 600,675. You have to pay 10% downpayment which is 60,067 cash. But your loan amount will be lesser 540,607. Cons for this is RPGT will be higher if you want to do investment. But loan lesser by 40K between option and option 2. Option 1 good for investment and less cash. But loan slightly higher. Option 2 good for own stay and less loan. But cash is higher |
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Apr 8 2016, 11:08 PM
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#10
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Junior Member
257 posts Joined: Jan 2014
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Guys, is prime member will be entitle to get additional 2% off with the purchase of SDP? Anyone can confirm?
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Apr 9 2016, 10:36 AM
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#11
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(redalert @ Apr 9 2016, 12:07 AM) Option 1 is good for investment as RPGT lesser..let say ur S&P price is 645k and ur selling price later is 700k, then rpgt is 50kx30%=15k Noted. Thanks, Now i understand. But just wondering, the percentage of RPGT is depending on what? Is it normally 30%? Thats pretty high.If option 2, rpgt is 700k minus 600k...then 100kx30%=30k |
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Apr 11 2016, 12:27 PM
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#12
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Junior Member
257 posts Joined: Jan 2014
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Guys, wanna ask for opinion. Let say Ali bought 2 houses for rm1.2mil. but now Ali still cant decide about the payment.
whats the best option if Ali has rm600k cash? the house price is rm1.2mil. i. should Ali pays rm600k cash to the houses and loan the other rm600k, ii. or its better if Ali maximize the loan say 90%, and Ali invest rm600k in FD ASB, and pay the mortgage loans with annual divident from ASB. What do u think tuan? boleh kongsi secebis nasihat untuk membantu Ali. Thanks in advance. |
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Apr 12 2016, 03:10 PM
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#13
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Junior Member
257 posts Joined: Jan 2014
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guys what bank offers the lowest interest ya?
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Apr 12 2016, 03:11 PM
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#14
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(redalert @ Apr 11 2016, 04:00 PM) How old is Ali?hehe... Ali is not that old. haha. Ok noted. Thanks for the advise.For me, i will go for 2nd option...RM600K in hand can do a lot of things instead... But if Ali is quite old which is cant go for 20 years housing loan, then better dump into property for RM1.2 million house... But for me, although i am at 40 years old, i will still hold this RM600K.... QUOTE(samkps @ Apr 11 2016, 04:11 PM) If FD ASB can pay higher rate than the loan rate, definitely better to choose option 2. Noted thanks!The risk associated for option 2 would be: 1.) How if FD ASB pay lower rate than loan rate since its return is not guaranteed? 2.) How if FD ASB bankrupt (unlikely, but still have possibility)? |
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May 15 2016, 03:33 PM
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#15
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Junior Member
257 posts Joined: Jan 2014
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QUOTE(Nymphetamine666 @ May 14 2016, 12:34 AM) Ev3 20x60: 616850. Rm20k extra from the ev1 20x60. any discount for bumi?Deposit 10k. Upon signing s&p, for bumi, top for 8.5k to complete the 10%. Can anyone help calc the loan mrta/mrta for this 616k price |
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