Welcome Guest ( Log In | Register )

47 Pages « < 12 13 14 15 16 > » Bottom

Outline · [ Standard ] · Linear+

Investment SQWHERE @ KG SELAMAT SUNGAI BULOH [OWNERS' THREAD], Inner KD. Located close to MRT. By SDB.

views
     
silent_killer
post May 6 2014, 05:17 PM

Getting Started
**
Junior Member
123 posts

Joined: Jul 2008
QUOTE(Darkknight2010 @ May 6 2014, 04:58 PM)
Dont scare me pls.....
*
Im not trying to scare any1 and im not trying to sell or spoil anybodys reputation. Im just saying this property raised a few red flags for me to proceed. I think property owners should know what is happening, if all these turns out to be fake. I truly congrats home owners that have bought the units. I think owners should call the sales agent to demand for explanation.
urb7
post May 6 2014, 05:46 PM

On my way
****
Senior Member
664 posts

Joined: Nov 2009
QUOTE(silent_killer @ May 6 2014, 04:55 PM)
People that bought this property should be verrrry worried, just my 2 cents. This might be a potential abandoned project. The land is agricultural land, but until today the units have been sold and the title of the land is still agricultural. Normal practice,  developer will acquire the land and change the title to commercial or residential( this approval process usually take 1 year, pay some under table to make the process faster) then start selling once it is a full fledge commercial/ residential land. In this case, owners u need to do some due diligence.
*
The conditional SPA states this clearly, and will only proceed if they manage to change to Commercial with the development order. If not the deposit is then refunded. This is SDB, a established and reputable developer, not your run of the mill developer who is making a quick buck before cabut.

This post has been edited by urb7: May 6 2014, 05:48 PM
silent_killer
post May 6 2014, 06:27 PM

Getting Started
**
Junior Member
123 posts

Joined: Jul 2008
QUOTE(urb7 @ May 6 2014, 05:46 PM)
The conditional SPA states this clearly, and will only proceed if they manage to change to Commercial with the development order. If not the deposit is then refunded. This is SDB, a established and reputable developer, not your run of the mill developer who is making a quick buck before cabut.
*
doh.gif notworthy.gif sorry, my mistake
CloudAtla$
post May 6 2014, 07:55 PM

Regular
******
Senior Member
1,266 posts

Joined: Jul 2013
QUOTE(kimtan33 @ Apr 25 2014, 04:26 PM)
Booked a 549 sqft unit for RM465,800, 6%+4% rebate. 1st investment in sungai buloh, hope can appeciate in future like kota damansara smile.gif
*
This is office investment. Doable at this area? Cant use as residential. Risky investment.
Maneki-neko
post May 6 2014, 10:04 PM

Regular
******
Senior Member
1,816 posts

Joined: May 2013
It also happens to some developments in PJ area, where those land title are under industrial. The developers convert them to commercial title for mixed development cool2.gif

QUOTE(silent_killer @ May 6 2014, 04:55 PM)
People that bought this property should be verrrry worried, just my 2 cents. This might be a potential abandoned project. The land is agricultural land, but until today the units have been sold and the title of the land is still agricultural. Normal practice,  developer will acquire the land and change the title to commercial or residential( this approval process usually take 1 year, pay some under table to make the process faster) then start selling once it is a full fledge commercial/ residential land. In this case, owners u need to do some due diligence.
*
Maneki-neko
post May 6 2014, 10:18 PM

Regular
******
Senior Member
1,816 posts

Joined: May 2013
Kwasaland? When are they gonna start developing there?

QUOTE(urb7 @ Apr 27 2014, 03:13 PM)
Well, 3 stations from Sg Buloh MRT station whereby SqWhere is linked to, is Tropicana Gardens, units for Phase 2 were sold at RM1100psf, this is 2013 pricing.

SqWhere's averaging RM 750psf with completion is at 2018 - there is definitely room to appreciate, with Kwasaland developments in full swing by then.
*
Maneki-neko
post May 6 2014, 10:20 PM

Regular
******
Senior Member
1,816 posts

Joined: May 2013
Kota Damansara took 13 years to be where it is today. So can't compare till what we can see after 10 years in Sg Buloh….

QUOTE(urb7 @ Apr 27 2014, 03:13 PM)
Well, 3 stations from Sg Buloh MRT station whereby SqWhere is linked to, is Tropicana Gardens, units for Phase 2 were sold at RM1100psf, this is 2013 pricing.

SqWhere's averaging RM 750psf with completion is at 2018 - there is definitely room to appreciate, with Kwasaland developments in full swing by then.
*
elmond
post May 6 2014, 10:36 PM

Look at all my stars!!
*******
Senior Member
2,262 posts

Joined: Jul 2013
MBSA already issue RT for the land of plot nearby there to commercial with high ratio (approved based on TOD concept), convert definitely not a problem now.
silent_killer
post May 6 2014, 11:13 PM

Getting Started
**
Junior Member
123 posts

Joined: Jul 2008
QUOTE(woody33 @ May 6 2014, 10:22 PM)
next door MS also agri land?
*
Ms got approved some time ago


Attached thumbnail(s)
Attached Image
TSaccetera
post May 6 2014, 11:26 PM

Ambassador of ChatHouz AI
********
All Stars
10,777 posts

Joined: Sep 2009


Land conversion for this project is not an issue.

The biggest hurdle one is the one that I'm handling - Dang Wangi LRT Station in KL downtown.
silent_killer
post May 6 2014, 11:35 PM

Getting Started
**
Junior Member
123 posts

Joined: Jul 2008
QUOTE(accetera @ May 6 2014, 11:26 PM)
Land conversion for this project is not an issue.

The biggest hurdle one is the one that I'm handling - Dang Wangi LRT Station in KL downtown.
*
You're in construction line as well?
urb7
post May 7 2014, 05:30 AM

On my way
****
Senior Member
664 posts

Joined: Nov 2009
QUOTE(CloudAtla$ @ May 6 2014, 07:55 PM)
This is office investment. Doable at this area? Cant use as residential. Risky investment.
*
In the SPA, it will be listed as office units, but the DMC does not state that you can only use it as office, ie, its flexible and up to you. In the later years however, it will depend on the Management Corporation, they can clear you out if you use it for residential and majority of the owners chooses to vote against such.

This post has been edited by urb7: May 7 2014, 05:35 AM
urb7
post May 7 2014, 05:32 AM

On my way
****
Senior Member
664 posts

Joined: Nov 2009
QUOTE(Maneki-neko @ May 6 2014, 10:20 PM)
Kota Damansara took 13 years to be where it is today. So can't compare till what we can see after 10 years in Sg Buloh….
*
Kota Damansara years ago didn't have a catalyst like the MRT - this one has, and together with the upcoming Kwasaland development, I believe it will take far shorter time frame to achieve the hive of activity.
CloudAtla$
post May 7 2014, 07:46 AM

Regular
******
Senior Member
1,266 posts

Joined: Jul 2013
QUOTE(urb7 @ May 7 2014, 05:30 AM)
In the SPA, it will be listed as office units, but the DMC does not state that you can only use it as office, ie, its flexible and up to you. In the later years however, it will depend on the Management Corporation, they can clear you out if you use it for residential and majority of the owners chooses to vote against such.
*
Its an office investment, no matter how we want to call it. You can use it as residential but illegal.
urb7
post May 7 2014, 09:50 AM

On my way
****
Senior Member
664 posts

Joined: Nov 2009
QUOTE(CloudAtla$ @ May 7 2014, 07:46 AM)
Its an office investment, no matter how we want to call it. You can use it as residential but illegal.
*
Which law, or state by-law that would say this would be illegal?

This post has been edited by urb7: May 7 2014, 09:50 AM
Maneki-neko
post May 7 2014, 02:06 PM

Regular
******
Senior Member
1,816 posts

Joined: May 2013
Well, provided the gov has sufficient reserve for the next 5 years. Else, I have never seen a wholly own glc is capable of getting up such a township within 5 to 10 years cool2.gif

QUOTE(urb7 @ May 7 2014, 05:32 AM)
Kota Damansara years ago didn't have a catalyst like the MRT - this one has, and together with the upcoming Kwasaland development, I believe it will take far shorter time frame to achieve the hive of activity.
*
CloudAtla$
post May 7 2014, 02:07 PM

Regular
******
Senior Member
1,266 posts

Joined: Jul 2013
QUOTE(urb7 @ May 7 2014, 09:50 AM)
Which law, or state by-law that would say this would be illegal?
*
Alright..thn i shld rephrase it that its legally to use office as residential. But dont do any cooking inside office. Insurance coverage problem.

This post has been edited by CloudAtla$: May 7 2014, 02:10 PM
calvin989898
post May 7 2014, 02:40 PM

Enthusiast
*****
Senior Member
944 posts

Joined: Feb 2005
QUOTE(Maneki-neko @ May 7 2014, 02:06 PM)
Well, provided the gov has sufficient reserve for the next 5 years. Else, I have never seen a wholly own glc is capable of getting up such a township within 5 to 10 years  cool2.gif
*
There is not nothing to do with government fund to develop Kwasaland. The only fund they need is to complete the mrt 1 on time. The development will be carry out by private developer such as brdb, mrcb, uem, parkcity, e&o, sime darby.... . Basiacally epf is selling off the land for profits...
Maneki-neko
post May 7 2014, 02:49 PM

Regular
******
Senior Member
1,816 posts

Joined: May 2013
Ooooh..... Just like Setia Haruman la......

QUOTE(calvin989898 @ May 7 2014, 02:40 PM)
There is not nothing to do with government fund to develop Kwasaland. The only fund they need is to complete the mrt 1 on time. The development will be carry out by private developer such as brdb, mrcb, uem, parkcity, e&o, sime darby.... . Basiacally epf is selling off the land for profits...
*
kimtan33
post May 7 2014, 09:36 PM

New Member
*
Junior Member
7 posts

Joined: Apr 2014
SA told me D'sentral Sovo for Commercial only. SqWhere Sovo can be used for Residential or Commercial. SDB allow it.

47 Pages « < 12 13 14 15 16 > » Top
 

Change to:
| Lo-Fi Version
0.0244sec    0.77    6 queries    GZIP Disabled
Time is now: 19th December 2025 - 12:06 PM