PNB now headache ady... need to plan to take over Focal liao... (just kidding)

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?

Boulevard was launched in Q4 2012 at cheaper pricing and till now still have quite a number of units. Wonder WHY?

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

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.

If they put Block C with 10% price increase, does it increase the margin of safety for Block B buyers...

Great analysis! + with free legal fee on snp and finance, its more attractive vs. the rest that does not provide such package/ offers.

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.

You should know me by now right...I am a meticulous crook who can argue with you about LH and FH till the Friesian cows come home.

What are the extra features in Block C?

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 ?

This post has been edited by Phoeni_142: Sep 22 2013, 03:55 PM

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?

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.

Just back from the sales gallery,the tide of ppl only YTL can fight with I would say,it was so crowded.

This post has been edited by Kuku Bird: Sep 22 2013, 04:04 PM

No worries. In forum, we welcome substantiated comments be it good , bad or ugly. I have little information of Block A. I will take it this way. Let me give you example.

Let say....

Launching of Setia Alam semi-D at 900k. Staff get to choose first and get 7-10%[let say] based on their KPI and bumi buyer get 7%, do you think that stop other non-bumi people from buying those semi-D despite eroding margin of safety. This happens in every project be it Sime, Sunrise, TMS, SBC or even Kanasai. To me, so long the project has the concept to create value and you trust those fellas in EcoWorld uniform to deliver it effectively or cost efficiently, then, the buffer of profit or the value of the product will remain GOOD.

No point buying cheaper things that has lower value.

If you want to compare with TMahSing, their website said 950sqft for indicative price of RM688k and then comes out with Fennel lookalike structure. Do your maths here....

SBC price is astronomically surprising. I can't find a better phrase to describe them.

Ah! U feel me! The 11% margin of safety is just the bare absolute safety barrier from a PRICING point of view.

If you factor in other intangibles like FH / LH, 6000 sqft gym, triple Green certification, Brand premium, it certainly adds to the safety margin. Obviously the quantification of these intangibles would only be made known upon an arms length transaction, but it still adds up to the margin of safety.

PS - definitely more activity in LYN forum, vs the other New world forum. LOL. I've been "dormant" in my postings for so long!

M2c

So anyone of u made the booking?

I have the same feeling, its not great but its above average.

Then again for the past 2 years I never had a great feeling about anything anyway.
For any projects that I felt it's above average, it had occured to me that it would turn out to be a good buy in hindsight.
Maybe above average is the great buy now, must adjust parameters.
So point is, maybe this project just may turn out to prove me wrong again and haunt me.

Shared the same sentiment as Donald Trump boss, felt great for LKS, a finger up to the greedy people who telan
SPS

Big unit got island unit lagi. Song ka liao

I got my choice unit, low floor type d2 facing tennis court, putting green. According to SA who quietly told me (as he knows my boss very well) that this side is better as I will have a diagonal lake view. The other d2 unit is facing swimming and wading pool which is not so good as you will see low cost flat diagonally. Price around RM610k b4 discount.

Absolutely the day of the property of entire 2013.

Already received calls from JB that Eco Botanic also same and crowded but balloting marks the day of fair settlement.

When the upcoming of Eco Gardens by next year, I think more or less would be the same DDMBBBBBB situation.

Waiting lists is calling and there are people still waiting in despair.

Overheard a young couple walked out from the lounge and unable to buy the desired floor unit and size but very thankful and faithful enough to buy the Lvl 8, which is the first floor unit.

Amazing day for 2255 ... Would my fave Eco Gardens could be launch next year on 5th May? Kekeke.