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Investment Elmina by Sime Darby, Near Denai Alam

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kochin
post May 12 2013, 05:50 PM

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Where is the sales office that enables prospect to view its masterplan? In denai alam show house or ara damansara showhouse?
kochin
post May 15 2013, 11:37 AM

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i fail to understand the logic of:
1. 20x89 or 20x88 sizes. unless the designer can prove me wrong, i shall await my comments until i sight the plans
2. G&G provisions. with clear demand of G&G products and Sime given the options to begin a new township with a clean slate, i also would puzzle if G&G is not provided for each and every parcel. Furthermore, if Prima is gonna happen here, all the more G&G should be provided.

any ideas on commencement and original 1st launch prices of :
1. bukit jelutong
2. denai alam

from what i recall, bukit jelutong started with quite high prices. around mid 300k? and quite some time ago. maybe 8-10 years back?
in terms of investment, while it didn't fare too badly, neither was it spectacular.

i think denai alam could have fared worse.

but i must admit i am not familiar with these few developments and its pricing. so would appreciate sharing by more experienced people.

Thank you.
kochin
post May 15 2013, 03:00 PM

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walau... really fast and furious.
no details and just suddenly launch like that.

kochin
post May 16 2013, 09:08 AM

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after staff purchases and VVVIP purchases, maybe left 5 units for balloting among thousands of people?
kekeke.

kochin
post May 17 2013, 04:02 PM

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got connection to subang bestari? maybe better to buy subang bestari since price difference easily 200k?
kochin
post May 17 2013, 05:10 PM

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QUOTE(tzemania @ May 17 2013, 04:53 PM)
Kochin gor, if you see the masterplan posted by akmk earlier, persiaran atmosfera is the road linking to subang bestari, currently persiaran atmosfera ends at subang bestari U5/30
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yeah wor.
persiaran atmosfera leads you directly to subang bestari.
i reckon road improvement should be built along the lake and directs you to persiaran cakerawala directly instead of making a loop along persiaran pelangi in the future.
that would also pave the way to have easier access to help college and linkage to future RRI development.
this elmina is much nearer than i thought it would be. using this way, can also skip a toll or two from guthrie. kekeke.
those who bought the commercial shoplots near the help college would stand to gain handsomely if they are able to hold it for some time.


kochin
post May 18 2013, 01:15 PM

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Bbb baby.
At ballot time, phase 1 left 9 units including one decent unit at rm599k.
Phase 2 left 12 units. From 709k onwards.
Phase 3 left 69 units. From >800k onwards.

For own stay, ok lah.

Congrats sd for off loading close to 300 units within 2 days.

Township wise, this is much better than denai alam.

kochin
post May 18 2013, 10:38 PM

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QUOTE(all blacks @ May 18 2013, 06:50 PM)
I visited Denai Alam quite some time ago but it's still dam empty despite all these years.. Gone take some time before the whole place is filled up...

But I feel, too many ppl invested there so very less genuine home buyers... Take a drive there n u will realize a lot of empty units...  even after 2 years since VP'ed..

If the same gone happen to Elmina then its not going to be healthy... A lot of SD staff r buying becoz they managed to flip their property in BJ and DA, so now moving to the newer ones to flip again...

Feel sori for genuine home buyers....
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any idea what was the bumi quota for bj?
someone quoted da as 70%.
elmina is 50%.
hence i believe elmina would thrive much faster than DA.
also, i believe elmina location is better than DA.
DA have not so good infra (eg their sales office needs to be a loop under the main ramp) and also a main power transmission line cutting across it.
kochin
post May 19 2013, 04:26 PM

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Can we leave politics out of these discussions pls?
kochin
post May 19 2013, 07:42 PM

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QUOTE(jeghui @ May 19 2013, 07:15 PM)
Elmina has got a very large land tract and this would surely mean shopping complexes to be built. It's even bigger than Kwasa Damansara. I am not sure what they meant by satelite city or selangor vision city but with this take up rate, something great was hidden from the knowledge of the public.

So, SD staff, what is the plus points you guys have been hiding from us? tongue.gif
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r u sure it's bigger than kwasa?
kwasa spans from sungai buloh industrial area all the way until rrim. and then it spans all the way until subang airport too.
kochin
post Jul 25 2013, 10:05 AM

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QUOTE(angkee83 @ Jul 25 2013, 09:49 AM)
accordingly to a QS firm... construction cost in KL

Bungalow (mass hoousing) = 2205 - above
Detached houses and bungalow = 2783 - above
Terrance houses = 830 - 1181
Average standard apartments, high rise = 1181 - 1775

(Cost in RM/sq meter)
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i find it hard to believe that detached houses and bungalows cost more than double of terrace houses.

while it's true that terrace houses enjoy slightly lower cost due to the fact of sharing of walls in between the units, but that alone should not justify doubling the cost.
after all, the main difference between terraces and detached are the land area.
on the other hand, apartments can really vary in terms of cost due to the finishes.

anyway, assuming these datas are indeed correct, it goes to show that construction cost alone for apartments at approx rm150-rm200psf. give or take adding in the ancillary cost such as land cost, consultants' fees, marketing, development cost, contribution to authorities, etc,
so one should have an idea of how much the real raw cost without profit of a project is.
kochin
post Aug 4 2013, 10:09 AM

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Looks like eliminate is still pretty hot.
Btw, anybody notice subang bestari is constantly on propwall's top 20 list?
kochin
post Aug 5 2013, 10:19 AM

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QUOTE(cheahcw2003 @ Aug 5 2013, 10:07 AM)
Means too many units available for subsales?
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it's not under top properties category.
it's under most wanted properties section. icon_rolleyes.gif
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.


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ho sei liao! rclxms.gif
kochin
post Dec 4 2013, 08:55 AM

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recently got a helicopter view of the entire denai alam and elmina.
elmina is actually quite close to subang bestari which can exit to kota damansara easily.
elmina landbank from the view above is just huge. and further down, other townships by klk, glomac, etc is equally massive.
but it's gonna take some time. and when the time comes, i bet these babies are gonna fly like mad. only concern is the time could be very long. maybe for your next gen?
kochin
post Dec 4 2013, 11:14 AM

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QUOTE(Paris Wong @ Dec 4 2013, 11:11 AM)
Can jump in your helicopter? Bring me along pleasssss..... wub.gif  tongue.gif
*
fly me to the moon
and nvr ever let me go..... whistling.gif whistling.gif cool.gif cool.gif
kochin
post Dec 4 2013, 11:16 AM

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QUOTE(New Klang @ Dec 4 2013, 10:46 AM)
If this is the indicative price and if CBJ vs Elmina, CBJ is the winner. This location is even more remote.
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agree to disagree.
one's building highrise all around with some industrial.

the other's banking on landed mostly.

how to compare?
kochin
post Dec 4 2013, 11:42 AM

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QUOTE(ngowngow @ Dec 4 2013, 11:34 AM)
Now this area only can rely on jalan sungai buloh to reach kota damansara.

This road is already expended since year back. I remember last time only 1 lane on each direction.

It will become more accessible when dash and rrim land developed.
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there's a propose road from petronas interjunction near the help college leading back to intersection near Restoran Big Family/ Hotel Forrest Hill.
but dunno when and if it will be completed.

kochin
post Dec 4 2013, 12:01 PM

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QUOTE(ngowngow @ Dec 4 2013, 11:58 AM)
Yea for new inner road anyhow still need to across rrim land.
Previously there is a kwasa damansara thread and now disappear ? hmm.gif

Found the keyword for all the posts on previous pages ---> WAIT
But it will not affect much on cash rich long term investor, only affect those no holding power flipper.

For investor rely on rental, this place is not for them.
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why not? it's cashflow positive wor.
kochin
post Mar 2 2014, 03:20 PM

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Nice man made lake.

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