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Investment ONE COCHRANE RESIDENCES [MRT PROPERTY], Next to IKEA and Ikano Megamall + Hotel

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Jagalat
post Mar 26 2017, 05:38 PM

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QUOTE(mthc @ Mar 26 2017, 11:12 AM)
Don't know. Ask Babizz

I didn't say sure win boss
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Our friend is very quiet in responding.....
Waiting, waiting....
Jagalat
post Mar 26 2017, 09:16 PM

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QUOTE(selinix @ Mar 26 2017, 09:00 PM)
got to agree with that, the traffic is dam terrible at this area now with this 2 big malls, can't imagine 2 - 3 years down the road with more condos completed and all the sunway projects down, how the traffic is going to be like.
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Can opt to ride on MRT...
No traffic light hassle geh...
Jagalat
post May 31 2017, 11:03 PM

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Given 5k registrants, will this project be sold out(almost) within a day like recent AK projects...
Jagalat
post Jun 1 2017, 11:03 AM

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QUOTE(catpowder @ Jun 1 2017, 11:58 AM)
Just want to say – I went to the showroom a few weeks ago. It looked promising with fancy landscaping outside, and good exhibition displays about the project and the historical facts about the area etc. But while stepping into the two show units... wah so shocking, looks like a low-medium cost condo project interiors. The styling, fittings and furniture choices did not mirror the glamour and prestige that was advertised. Very disappointing showunit with loutou/kolot/oldfashioned interior tastes (unlike something like "8 Conlay"). Just my 2sen! They should have hired a better stylist and ID person lor some more it is certainly NOT an economical buy...
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Any snapped pictures of the loutou unit to share? Thx
Jagalat
post Jun 1 2017, 03:34 PM

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QUOTE(catpowder @ Jun 1 2017, 12:10 PM)
It was so forgettable that I did not bother taking any pics... sad.gif There was no WOW factor. The lighting was bright almost cool white fluorescent (like a students rental room) and just not the luxe hotel-like ambience. Bit shocked. Doubt they would change anything at this stage but they SHOULD to attract buyers lor. Anyway, it is the location that is the star here.
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The for the reply.
May need your further knowledge, amongst your collections, which two showrooms gave the best contemporary ID?

I will go and and get some inspiration. Thx again...
Jagalat
post Jun 2 2017, 01:48 PM

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QUOTE(firee818 @ Jun 2 2017, 01:34 PM)
Hi bro,

If the MRT 2's route is too near to this apartment, it will cause slight vibration to the apartment once the MRT's trains move through the tunnel.
This is the one u need to consider if you want to purchase a unit that is beside the MRT route.
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So for the current MRT1 that runs underneath, is there any potential vibration to the apartment?
Jagalat
post Jun 2 2017, 06:34 PM

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QUOTE(firee818 @ Jun 2 2017, 04:56 PM)
Both MRT 1 and MRT 2 run underneath. Underneath MRT will eliminate the noises cause by the trains. However,MRT underneath bears the same weight with elevated MRT.
Imagine if one train carries 500 people @ 50/kg + the weight of the train, roughly = 25000kg+ per route. As such, if the distance with the apartment is within 200m, it is considered  risky.
From the information I got, the distance with the MRT route of  500m could eliminate the risk of vibration.

There is no best house. Every house has its advantages &  disadvanges.
MRT 2 route
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Thx for the reply...
Will read the link with pc as the adobe flash of the link is not supported by my phone...

Speaking on the vibration using your example of 25000kg,
how would this number be translated in to vibration (measurements in Hz) from 200m and 500m on a train slowing down and ramp up speed from the stn? Thx
Jagalat
post Jul 1 2017, 06:08 PM

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QUOTE(DesRed @ Jul 1 2017, 02:00 PM)
I paid a visit there 2 months ago. The sales gallery is dy up and the show units are available, but won't be launched until the end of this year. Furthermore, there are no SAs (internal or outside) stationed there yet and there is only a developer employee there.

He only told me that the price will range between RM 7xx - RM 8xx per sqft. The actual pricing will be revealed near the launch date.

Aside from being close to IKEA and Mytown plus the upcoming MRT station there, the bad thing is that it's close to the main road and highway and there is a mosque opposite the crossroad there.
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Sometime a religious building is a plus point to buyers with that faith to carry out worship or prayer activities.
The not so good thing is any potential triple parking along the road that caused inconvenience to traffic users/pedestrians.
Jagalat
post Jul 1 2017, 08:05 PM

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QUOTE(DesRed @ Jul 1 2017, 08:11 PM)
I have no issue with any religion or their house of worship, kapeesh?

And since you already mentioned the negative parts, aren't you admitting the problems of being near one?

Maybe next time I should just state that it's a good/bad thing for any house of worship that is nearby to avoid any potential conflicts here. Apologies for the wrong use of words.
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Understand the potential situation.
No worry about the wording.
Me respect a diverse culture of Msia society....
Cheers.
Jagalat
post Jul 4 2017, 01:35 PM

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Try Google further....

Forum links are attached
https://forum.lowyat.net/topic/2697202/all

https://forum.lowyat.net/topic/3793725/all

This post has been edited by Jagalat: Jul 4 2017, 01:37 PM
Jagalat
post Sep 20 2017, 12:23 PM

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Unless they revise the design or delay the launching, jacking up the price is risky in current market.....
Jagalat
post Nov 8 2017, 03:25 PM

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QUOTE(DesRed @ Nov 8 2017, 04:13 PM)
I think they're banking on the future crowds that will be coming in soon from the new projects like this one, Lavile, Parc 3 and so on. I wonder what's taking them so long to launch this project, tho. hmm.gif
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Response from public about 1Coc's price and design can hint something.....
Jagalat
post Nov 15 2017, 07:35 PM

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QUOTE(issuess @ Nov 15 2017, 07:29 PM)
I have direct info on this project. Here are some insights for you guys if you are considering this one:

OC is a freehold, residential title (NOT serviced apartment sitting on a commercial title) development anchored by Ikea, Mytown and MRT.

Their reason for their delay is not so much on the negative side of things (cash flow, revising pricing, etc).

Boustead is a cash-rich company (you can go through their profile on Bursa) and sees no rush in launching to meet target sales. No developer with cash flow issue will proceed to do piling and build first before they even check if they are launch ready.

They also don't see the need to rush launch their project before the others around that area because pricing was already determined early 2017 and they know for a fact OC will be a winner in terms of pricing once they launch (big indication here!). They only intend to revise the pricing for Phase 2.

The delay actually is due to the fact that they have not been involved with strata development for a good number of years already and they are tidying up some regulatory compliance requirement they did not include in their development planning - in other words, an unforeseen hiccup in their planned launch.
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Looking forward to knowing the winner prices....
Let's see if the response is really winning or waning for fact.



Jagalat
post Nov 19 2017, 04:26 PM

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QUOTE(issuess @ Nov 19 2017, 04:09 PM)
As of the point of this post, I understand that the price is around RM900psqf - below that point for the low levels and slowly going above that point after factoring in premium for higher levels. Based on my knowledge, they don't appear to want to revise it despite the fact that many consultants highlighted the fact that they are selling below what others are selling in that area.

If you ask me, I think its a good deal considering the fact that the price point is anchored by Ikea, MyTown, MRT and it is a freehold residential title.
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So just to confirm, do you mean RM900psqf is the winning price as you previously indicated?
Jagalat
post Mar 8 2018, 10:20 AM

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QUOTE(gks @ Mar 8 2018, 11:01 AM)
The biggest issue with this project is the layout and IMO..  with the price (psf), they need to totally revamp the layout.
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Agree.
Jagalat
post Mar 25 2018, 03:32 PM

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The study room of ypes 3 & 4 are without window opening to atmosphere, what a waste...

http://www.onecochraneresidences.com
Jagalat
post Apr 24 2018, 11:23 AM

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Not siding, just the fact that, One Cochlane has the shortest walking distance to Cochlane MRT stn amongst the nearby projects spelt above...

Jagalat
post Apr 27 2018, 09:29 PM

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QUOTE(pinkdm @ Apr 24 2018, 04:25 PM)
Hi, what is the "length of this wall" marked |???
will it block the view , as the view based on the angle is almost half gone !???  innocent.gif  innocent.gif  innocent.gif
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Not sure the length.
But if dev design it for good intention (need to know the orientation), it should block unpleasant view/scene...

Other than the disadvantages spelt above, one potential pitfall of the wall, is that it could post a pressure difference when wind blows along, causing the shaking of glass of balcony door/window or "sneaking" sound of wind.....
Jagalat
post Jun 2 2020, 11:55 AM

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QUOTE(johnsonlim777 @ Jun 2 2020, 11:47 AM)
Remember the universal rule: those who can't do, teach.

Most 'property gurus' in the market have maxed out their personal loan quotas to fund new property investments. So the only way they can keep generating new revenue is via commissions, seminars and one-on-one consultations. So essentially these 'property gurus' are celebrity sales agents.

This is how Faizul Ridzuan's business model works-

a) Faizul Ridzuan Private Group (FRPG): free group- Similar to introductory public seminars/talks like the Road to RM3m seminar, he will upload weekly/monthly videos on analysis on areas and grading of properties. Wonder why he's not charging you anything? Well this is a cheap marketing funnel to influence and entice you to buy his other products. At the end of every video, he will project slides on his products, entice people to join his VIP seminar/ participate as a client to get more 'benefits' via his bulk purchase groups (7 and 8 Digit Club).

b) One-on-one consultations- If you need to see him, chances are your property selections are shit/ bleeding money. At the end, he will either encourage you to: join as client/ seminar/ 7 & 8 Digit Club bulk purchase group since you're so bad at selecting properties yourself.

c) Millionaire Employee Blueprint- This is a group where he uploads a few additional videos on loans, insurance and case studies for an additional few hundred RM.

d) Bulk Purchase Groups (7 and 8 Digit Club)- He will excite you by saying that you can purchase properties at a lower/ "special/insider" price than the public due to his direct connections with developers. Then he will say his main clients (FAR Capital clients) get priority first so you might miss out on good units and don't make as much money as them. So you become his client.

e) Value Investing Property (VIP) seminar- His partner, Amanda will spend half a day going through interior designs. She will project beautiful designs of successful properties. Guess who carried out those renovations? Faizul's interior design firm (Makeover Guys). At the end of his VIP seminar, he will also give you a snapshot of what his clients are purchasing and drop hints that his clients are making alot of money. If his clients managed to buy a property at say RM600psf and it gets launched at RM700psf to the public, he will go all out and promote that his clients made RM100psf of paper gains.

f) Interior Design firm (Makeover guys)- During the VIP seminar and if you're his FAR Capital client, he will recommend his interior design firm, Makeover Guys so that you can rent out your units as quickly as possible.

g) Social media- Each post is designed to influence public opinion to his advantage and funnel sales towards his seminar + property recommendations. He will put statistics to show how capital appreciation for house prices exceed stocks in Malaysia. He will also highlight how accurate his predictions are when a particular event happens. From time to time, he will put posts on how well his clients are doing (when in reality they are just making paper gains due to their low entry price/ "bulk purchase price"). This is designed to increase his public profile and 'showcase' his skills.

h) FAR Capital clients- He will 'encourage' you to purchase multiple properties at once to maximise your limited "loan quota". He will ask you quickly do multiple submission as central banks will be closing this loophole. In the client agreement, he will insert clauses that state that you will have to pay him a certain amount if you do not purchase properties via his company, FAR Capital. He will say that you are not really spending money because 2% sales commission of the property will be refunded to you. Typical firms such as GS Realty- customers pay the agents a fee when they actually want to buy the property. However for FAR Capital- clients pay them for getting a list of what they are selling + fee when they actually want to buy the property. This is double dipping from both buyer and seller side. Additionally, he knows how the herd mentality concept works, so he will say that if you do not sign up as a client quickly, you might not have access to good units (better view, floor, etc) as they will be taken up by other clients.  The client agreement is heavily one-sided towards FAR Capital, he will put in non-disclosure (NDA) clauses to scare clients. In Malaysia there are plenty of laws but the problem we have here is enforceability. It is extremely hard to invoke this clause when the subject concerned is a property that is accessible to the general public and when the information is shared across so many clients. NDA clauses are mainly for trade secrets, company specific info or personal information (marital affairs). There are alot of clients who got burnt because they couldn't share their side of the story as they were scared of this NDA clause. Take note that FAR Capital is not responsible for any potential losses.

i) Commissions from property developers- This is where I think he makes the real $$. Most of his property recommendations are less than RM1m per unit. Assuming it's RM500k, a 2% cut is RM10,000 per unit. Previously he was very against cashback properties but right now I understand that he's promoting one right now (One Cochrane). Cashback are basically marked-up products with discounts. He will tell you that the property will have negative cash outflows at the start and your property will always double/triple in 10-20 years. Well even if it does double/triple in 20 years time, will it be easy to find a buyer and cash out? will you yourself buy a 20-year old condo? If a property is full of investors vs own-stay buyers, supply > demand, do you think you can fetch a high rental when everyone is being coached by the same person and use his ID firm? What would be your competitive advantage for your own unit then? 

A top property development sells itself. If you’re a property developer and you know that your units are high in demand and will sell well:
- Will you hire an external agent (pay him millions in sales commissions) to help sell your units?
- Will you enter into underwriting agreements (a form of insurance to guarantee sales) with third parties/ sales agents?
- Will you give a significant/ bulk purchase discount to attract buyers?
There's a reason why property gurus focus on condos and new launches. Because it is the only type of property class where they can generate huge amount of commissions in one go. 

Claims of owning multiple properties- He released a book titled '23 properties by 30'. You are the owner of a property even if you own 1% of a property. Do you really think that he owns 100% for all of those properties?

Client/student testimonials- If you go through his success stories/testimonials, the only stories you can find from his students are: how much his students bought at (vs market value) or how many units they purchased simultaneously. The real success story is when your students managed to exit their investment at decent returns, so the real success metrics are like sold property at ROI of xx% within x year, etc.

Takeway- do learn the theories/concepts from him, but don't listen to his property recommendations as he has vested interests in them (needs to generate fees from commissions when a client purchases a property via FAR Capital)
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Seem like you have some insight.
Curious if you are a member of the group/ one of his clients...
(Me not agent nor a member and not a client)
Jagalat
post Aug 30 2020, 09:46 AM

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QUOTE(cliffekent @ Aug 30 2020, 03:05 AM)
Normally ppl pm me. Not I pm ppl. Hahaha. Cos I m not agent
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You mean not an agent of this project? smile.gif
Got it...

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