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Investment SQWHERE @ KG SELAMAT SUNGAI BULOH [OWNERS' THREAD], Inner KD. Located close to MRT. By SDB.
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silent_killer
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May 6 2014, 05:17 PM
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Getting Started

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QUOTE(Darkknight2010 @ May 6 2014, 04:58 PM) 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.
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urb7
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May 6 2014, 05:46 PM
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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
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silent_killer
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May 6 2014, 06:27 PM
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Getting Started

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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.  sorry, my mistake
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CloudAtla$
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May 6 2014, 07:55 PM
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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  This is office investment. Doable at this area? Cant use as residential. Risky investment.
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Maneki-neko
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May 6 2014, 10:04 PM
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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 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.
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Maneki-neko
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May 6 2014, 10:18 PM
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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.
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Maneki-neko
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May 6 2014, 10:20 PM
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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.
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elmond
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May 6 2014, 10:36 PM
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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.
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silent_killer
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May 6 2014, 11:13 PM
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Getting Started

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QUOTE(woody33 @ May 6 2014, 10:22 PM) next door MS also agri land? Ms got approved some time ago Attached thumbnail(s)
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TSaccetera
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May 6 2014, 11:26 PM
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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.
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silent_killer
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May 6 2014, 11:35 PM
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Getting Started

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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?
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urb7
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May 7 2014, 05:30 AM
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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
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urb7
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May 7 2014, 05:32 AM
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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.
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CloudAtla$
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May 7 2014, 07:46 AM
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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.
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urb7
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May 7 2014, 09:50 AM
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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
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Maneki-neko
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May 7 2014, 02:06 PM
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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 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.
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CloudAtla$
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May 7 2014, 02:07 PM
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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
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calvin989898
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May 7 2014, 02:40 PM
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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  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...
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Maneki-neko
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May 7 2014, 02:49 PM
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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...
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kimtan33
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May 7 2014, 09:36 PM
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New Member
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SA told me D'sentral Sovo for Commercial only. SqWhere Sovo can be used for Residential or Commercial. SDB allow it.
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