eh? I thought you were the ultimate insider?

650 psf for Block B?

If that's the case I wonder how much Block A is going for. I heard Block A has been sapu-ed clean clean by VIP's.

yes kochin?

Hmnnnn

If I was a Block B buyer, i'd be dying to know how much Block A was sold for....

that's the Block that was sold to the staff and associates....

Isn't anyone curious? Or any insights to share? That way, you can predict the relative pricing disparity between Blocks A, B and the eventual Block C

m2c

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

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

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

Interesting insights about Block C.

I think EW has to be smart to create a distinct proposition which is unique for each Block.

Just to share Block A is the lowest density block, with 298 units, compared to B and C, which will have circa 350 units each. Block A also has 6 lifts, compared to the other 2 blocks, which has 5 lifts.

Anyone can share about the uniqueness of Block B?

Thank you in advance.

quite smart also this developer. want to differentiate each block.

Block B, being a "bungalow" and "semi-dee" lot - will be charged at a 50 to 65 psf premium, compared to Block A?

Seems like the premium is okay kua.

wait and see, my friend. Like I said, if the premium for Block B is at a max 65 psf over Block A, perhaps that's okay.

well, I'm sure the staff had a discount.

as for the associates, I think they will also get a discount to the Block B pricing.

as for the quantum, I don't want to speculate, because i'm not too sure of the exact numbers yet. cheers.

I really want to be impartial about this.

if u ask me, a cemetary 20 meters away is more jialat than an incinerator 2km away.

yet, desa kiara and Glomac condo's @ TTDI seem to be booming, even though it's next to a cemetary.

m2c.

if you are talking about the health issues pertaining to gas emission, why bother about an incinerator lah? You can just stand at the side of the road of Jalan Ipoh, or Jalan Ampang, or Jalan Sultan Ismail.

Stand there for 30 minutes, and i guarantee you that you feel the "powerful" health effects as well.

Both your statements about block A & B will materialize as the truth.

Guys, getting a loan on dibs is not the only challenge. I heard ecoworld will not be giving a black and white that they are engaging in a dibs scheme. This is potentially dangerous for all customers. They can also "pull back" anytime within the 4 year construction period.

Please check what the developer whether a black n white that they will under take dibs will be issued by eco world.

Anyonegot anything to share?

you got a black and white from ecoworld on DIBS?

I doubt it.

Exactly.

That's why purchasers should insist on a letter from Ecoworld. I don't think it should be based on "trust".

In the event the developer screws you and doesn't want to pay the DIBS, what recourse do you have? No Black and White also. Plus the bank will also come and screw you, not the developer.

No matter how reputable a developer is, insist on a proper black & white. Look at ParkCity or YTL. All DIBS undertaking are provided by them via black & white.

Frankly, this whole practice of "c*ckteasing" the whole market before the issuance of APDL is just plain wrong. And many parties are to blame too. Banks may close a blind eye for instance, by approving loan applications.

Let me be blunt. Our TSLKS's son's reputation is at stake if they screw us over. I think the likelihood of them withdrawing halfway in terms of DIBS is extremely low. However, I maintain my stance that it's about the principles that should be adhered to.

The fact that one has the option to withdraw due to the OTP is a separate issue altogether. Of course, we are "safe" and can withdraw if we want to. But, by saying nothing and doing nothing, we are indirectly endorsing or encouraging an unethical practice....in fact, we are "normalizing" it.

SPS at least put DIBS in their OTP clause. Let's make a friendly wager shall we? My "insights" tell me that even if APDL is obtained tomorrow, the DIBS clause will not be found anywhere.

U seem like a very connected person. Why not go ahead and verify? Of course, if you are "comfortable", it's entirely your decision.

With respect, whether I'm a sincere buyer or a pure speculator, I believe in basic ethics and the necessities of a comprehensive contract.

There will be no more clauses from the developer. Trust me on that. Unless, informed buyers such as yourself make a stand and insist on it later on. Then maybe the developer will be pressured to add the clause.

By the way, black and white extends to the banks too. Both my LO's have dibs clauses in them. You may want to enquire why yours isn't reflected. Nevertheless, I know some banks don't put it in. That's why I don't do business with them.

This post has been edited by Phoeni_142: Nov 17 2013, 07:52 PM