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 EcoSky, KL by EcoWorld, Retail : Office : Residence

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kochin
post Sep 22 2013, 10:46 AM

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Same modus operandi ala kl ecocity concept.
Select unit only know the price.
kochin
post Sep 22 2013, 10:57 AM

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QUOTE(kitkat @ Sep 22 2013, 10:53 AM)
bro, any idea what are the reason they doing this?
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They dont want u to compare prices gua?
I really dont know. Must consult them.
kochin
post Sep 22 2013, 10:59 AM

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QUOTE(mash88 @ Sep 22 2013, 10:50 AM)
Shud b. the sa told me to register for d next block which is block c as block b is ad sold out with a long waiting list to go.
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I think they wouldnt lie gua. I mean today official day of sales, why would they want to stop people from buying? Does not make sense unless it is the truth?
Btw do they mandate one unit per person or free for all?
kochin
post Sep 22 2013, 11:08 AM

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QUOTE(CMW123 @ Sep 22 2013, 11:05 AM)
More than 100 units per acre is considered very high dense...
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Interesting. I wonder what is density for
Ekocheras
Remix
Empire city
Empire dsara

kochin
post Sep 22 2013, 11:09 AM

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Tengster boss. U got?
Manu boss ur commie hor seh bor?
kochin
post Sep 22 2013, 11:18 AM

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And after 43 pages still no prices
kochin
post Sep 22 2013, 03:24 PM

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Analysis time
650 psf
3% disc
7% dibs assumed savings for interests
30k worth of furnishing assumed

For about mid floor average size of 1000sf, you are looking at
15*2200=33k for incremental flr cost
650 + 33 = 683k
683k - 10% disc for dibs and early bird = 614.7
614.7 - 30k worth of furnishing = 584.7k

So now you tell me, whether worth or not buying a bare unit fully discounted at mid floor (approx level 23) with size about 1000 sf at approx 584,700?

This post has been edited by kochin: Sep 22 2013, 03:56 PM
kochin
post Sep 22 2013, 03:41 PM

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QUOTE(tengster @ Sep 22 2013, 03:38 PM)
Fair assessment. Electrical appliances are all Electrolux while AC units are York.

Kochin... Did you add in the cost of the front door grille to your RM30K?
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Ballpark figure. Really need so detail meh?
Was told it comes with fridge microwave storage heater hood and hob top and base cabinet shower glass panel grilles too.
Almost fully furnished.
kochin
post Sep 22 2013, 03:43 PM

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QUOTE(Phoeni_142 @ Sep 22 2013, 03:39 PM)
I hear you bro. Already crunched the numbers in my head, and benchmarked it vs mah sing and sbc projects.

Anyway, think everyone is still too excited with the initial euphoria. Let the dust settle first. Like I said, if I'm a Block B buyer, I'd be dying to know the Block A pricing first.

If I understand correctly, Block A buyers have the highest margin of safety, due to the potential price discount they will obtain over Block B

M2c
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Sama sama lah. Even block b would be shield with block c prices. But hor block c have many extra feature not seen in block a and b.
Hence this eco manyak pandai.
Reward loyal business associates with block a.
Loyal fansi with block b.
Potential new fansi with block c.
kochin
post Sep 22 2013, 04:03 PM

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QUOTE(Phoeni_142 @ Sep 22 2013, 03:52 PM)
It depends on your assessment on what your baseline valuation should be. For me, I'll settle with 610 psf. Which is what I gather to be the Block A pricing, after rebates. 610 psf also gives me a 11% discount margin of safety vs Mah Sing and SBC project's nearby. The margin of safety erodes with Block B and C. 

IMHO - I will only whack the Block which gives me the highest margin of safety, which is Block A.

Anyway, pls don't char me. I would like to congratulate all Block B buyers as well.

Kochin boss. Unfortunately, items cannot be "stripped" away like that. For instance, your S n P will still reflect 650 psf. At most, u would then sell > 630 psf after your 3% rebate.

Your loan and s n p amount would still factor in the DIBs and free furnishing quantum.

The "stripping" away of the other ancillary costs is just a "nice to know". For instance, would u still be willing to sell it > 570 psf ?
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Sama sama lah.
Eg. Non dibs project, people need to sell approx 30% higher to cover other ancillary costs.
Dibs project, people can accept lower margin as they only pay the first 10% and nothing else.

But what I was trying to illustrate was a apple to apple comparison.
If sbc have dibs, then we should mark back up Eco puny a pricing. Then compared furnishing, then compare timeline, etc.
it is a bit complicated but I tend to study these and try to stripped it raw to compare apple to apple.
But boss, you miss one very important detail. All the others are leasehold. This factor alone is the BOMB! Another 30% margin? whistling.gif

Having said all that I do acknowledge absolute price is detrimental as well. But with high price point, you would get better residents so to speak.

Anyway,done and dusted. Time will tell. As I'd said. Not great but above average. It should do for now.
kochin
post Sep 22 2013, 06:01 PM

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QUOTE(accetera @ Sep 22 2013, 05:49 PM)
The Edge reported this week that PNB considering to merge I&P Group with S P Setia to create a mega-developer.
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Good idea. Can sink faster. Kill 2 co with 1 move. Go ahead.
kochin
post Sep 22 2013, 06:21 PM

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And at 51 pages, any confirmation of bila spa, bila start payment, and of course bila Ada full scale pricing?
kochin
post Sep 22 2013, 08:55 PM

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QUOTE(issac0myfly @ Sep 22 2013, 08:19 PM)
Wondering what is the height of the unit? hmm.gif
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3.3 m
kochin
post Sep 22 2013, 10:40 PM

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It wasn't long ago that barriers of 400psf were the threshold.
Then it elevated to 500psf as the new threshold for affordability.
Fast forward to present, it would seems that with good location ala ekocheras or good concept ala ecosky, barrier of 650psf is not a problem to most.
Moving forward, can the market start absorbing 750psf products?
Time will tell.
Perhaps the next phase of ekocheras or ecosky would be priced in this range?
kochin
post Sep 23 2013, 09:45 AM

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north facing units' view
http://www.thestar.com.my/~/media/Images/T...0&h=413&crop=1&

kochin
post Sep 23 2013, 10:05 AM

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QUOTE(natman @ Sep 23 2013, 09:57 AM)
If pull out penalty how much ?
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0?
kochin
post Sep 23 2013, 12:10 PM

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QUOTE(laststory @ Sep 23 2013, 12:05 PM)
West view is even better.. donno why less buyer choose
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something like this but not really.
this is still north from brem mall.
http://www.flickr.com/photos/perak/4751015902/

kochin
post Sep 23 2013, 12:21 PM

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view of kepong from symphony heights
http://img.rnudah.com/images/28/2806089181.jpg

klcc view from same building.
http://dsc.ibilik.com/photos/339009/Sympho...s-KLCC_view.jpg

i think klcc is a tad too far to fully appreciate the views.
somehow i think the north view is quite nice.

let me try to dig out west and east views
kochin
post Sep 23 2013, 07:48 PM

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To those who are skeptical about west facing units, let me request that you try to go into green certified buildings and feel it for yourself.
If the window is closed, you would be amazed at how low the heat transfer is. Another example is car. Those with proper tint, you would not feel that much heat from the glass. That is what green is all about.
In certain developments, only west facing building envelope is double glazed to achieve this. Hence I do not have any problem with a west facing unit. I own more than 1 west facing unit and I have stayed in them before. Heat, yes, but bearable and can be mitigated with other measures.
I have also own and stayed at at east facing unit. The morning sun right up until approx noon time is very glaring and just as hot. It would certainly disturb your morning sleep. Keene.
All in all, to me personally, direction is not my most important criteria for the selection of units.
Cheers.
kochin
post Sep 23 2013, 09:26 PM

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Tengster boss, so which unit did u buy?

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