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Investment SETIA ECOHILL (Version 3), Inspiring Eco Township in Semenyih

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darween13
post Oct 21 2013, 06:08 PM

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QUOTE(cheryee @ Oct 21 2013, 05:59 PM)
Darween,

TYPO la! I will sure enter EG coz I am LKS fansi ma!

CG I will only masuk if the incentive is mirror of Danga Bay!
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Oh okay.
What was the package in Danga Bay?
This one i heard 0 downpayment, dunno how true it is.

darween13
post Oct 21 2013, 06:36 PM

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QUOTE(cheryee @ Oct 21 2013, 06:32 PM)
Danga Bay is 8% rebate on dp, 10% discount on purchase price, dibs. Total discount = 18%! So if they are offering the same package for CG, then a 3SL, 2,600 sf bu, 20' x 70' is around RM490k!!! 2,600 sf bu is bigger than my Plavia wei!
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Woah, thats super cheap, close to the size of my semi-D.
Can invest lo.
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darween13
post Oct 21 2013, 07:16 PM

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QUOTE(cheryee @ Oct 21 2013, 06:43 PM)
That's y I sd if they offer the same package as Danga Bay, then can masuk.
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Yeah, can seriously consider this project should the offer be mirroring Danga albeit the accessibility being impaired.
Lets see how it goes.
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darween13
post Oct 21 2013, 07:20 PM

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QUOTE(AMINT @ Oct 21 2013, 06:50 PM)
Wah u all still wanna buy cg. Later eg? Very optimistic. I bet u all got huge holding power coz buy seh, cg and eg and full of confidence in semenyih.
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Bro Amint,

Just discussing, only IF the package is attractive. I am not roti canai tho, all purchased now is for Own Consumption.
May consider roti canai since already purchase a decent house in a decent township.
Anyway, I am still weighing my options as I am looking into securing a commercial unit at SEH for business / rental income.
So, may not enter CG after all.
darween13
post Oct 21 2013, 07:22 PM

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QUOTE(stevecheahsw @ Oct 21 2013, 07:00 PM)
Why not try AIA Fixed rate with no lock in package...?
-For investment first 2 yrs 4.25%....
-For Own stay whole package 4.85% ....

Interest can PM Me. Thanks...
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Is this paneled under DIBS for SEH? I thought need to be tie - up, co brand with SP to provide financing solution.
If paneled, I dont mind exploring.
Let's not PM first, keep it public so that everyone can benefit and weight the pros and cons to decide.

darween13
post Oct 22 2013, 07:46 AM

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QUOTE(Rabel @ Oct 21 2013, 08:12 PM)
Commercial unit in SEH. thumbup.gif  thumbup.gif . One of my target too. Pls share share the info if got.
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Yeah, surely. Just follow the thread, am sure we will find out just like the rest..thereafter rush again for booking. wink.gif

Got sufficient potential I think though there are matured commercial hubs nearby. The SEH residents will cater for this in my opinion.

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darween13
post Oct 22 2013, 07:48 AM

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QUOTE(UFO-ET @ Oct 21 2013, 08:16 PM)
Average 83 posts / day, this thread is boiling and overheated! Unbelievable!
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Hahaha ET kor, we all info sharing.
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darween13
post Oct 22 2013, 08:01 AM

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QUOTE(Adorable @ Oct 21 2013, 09:15 PM)
so far still no unit reopen? no one wan to release?
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Still early. All trying for loan. And, buyers have 21 days allocation from developer to try for loan upon booking of units. Its now just the 9th day. There will be some but maybe they are nt active on forums. Also, the released units wil be opened for waiting list buyers.
darween13
post Oct 22 2013, 08:10 AM

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QUOTE(Adorable @ Oct 22 2013, 12:52 AM)
I got a friend wanted to release..he said it's very expensive...
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Which unit you fren bought..and how do you arrive at the expensive conclusion?

At RM300psf for Semi D vould be on the high side for the location but considering the outlay is not just buying a house in SEH, its the township and living quality with style; the price is somewhat justifiable. Not being biased here..just my bview
darween13
post Oct 22 2013, 10:34 AM

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QUOTE(cheryee @ Oct 22 2013, 09:38 AM)
Yang,

U bukan nak beli CG and EG as well meh?????  wink.gif
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Yeah oh, i thought bro Amint interested in these projects as well.
Maybe he's not as optimistic as we are; we got bias towards LKS / SPS.
darween13
post Oct 22 2013, 10:36 AM

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QUOTE(cheryee @ Oct 22 2013, 09:40 AM)
Darween,

Let me go dig2 info on SEH commercial units.
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Thank you!
Appreciate the valuable *insider* info.
But, for now all i know is should they not sub divide the huge commercial lot as per the master plan, there are only 68 units of DS shop lots.
They have another small single story low cost shop lot at the back / adjacent to the huge land.

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darween13
post Oct 22 2013, 10:39 AM

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QUOTE(Seremban_Guy123 @ Oct 22 2013, 10:28 AM)
Boss Cheryee, when to sign SNP?  blink.gif  blink.gif  blink.gif  blink.gif
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Semi-D signing SPA in mid-end November.
They begin the process in mid-Nov upon completion of SPA signing for DSL buyers.
But, 1st week of Nov definitely out cuz long weekend is brewing. Maybe the following weekend they can get the SPA signing kicked off.
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darween13
post Oct 22 2013, 11:22 AM

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QUOTE(AMINT @ Oct 22 2013, 10:57 AM)
It is not that i am not confident. What i am implying is that one needs to understand that he/she needs huge holding power for seh/cg/eg. If u have more than 5 years holding power then ok. If u have sold ur old houses and need to replace for new ones then ok. Or buying for own stay then ok. To hold just like that for all 3 projects may not be easy coz we will be expecting lousy rental, potential huge flipping at the same time (oversupply). Now itself u can see some starting to question back their decision on seh coz they realized that they cant hold that long. Just my 2 cents.
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Understood sifoo.
Yeah, actually if short term flippers, this location is not an ideal place to invest - rental is certainly lousy, below par; subsale market will be flooded with old residential around the vicinity due to the boom - everyone will be trying to get a share of the cake causing oversupply. But, yeah, should it be for own stay or like you, replacing reserves, then will be a worthy buy due to great potential in the long term. brows.gif brows.gif brows.gif

darween13
post Oct 22 2013, 11:27 AM

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QUOTE(samkps @ Oct 22 2013, 11:13 AM)
I personally have some reservations on the shoplot units, coz there are too many nearby. I presume it will be very competitive to strive for rental on the first 5 years, since there are plenty of "chearper competitors" nearby. Nevertheless, loaded buyers should be okay to hold it and reap the huge profits after the township boom.
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Yes bro sam. That's why I said, though there are matured commercials nearby, bear in mind that the commercial lots are only open for sale in 2015 at the earliest. By then, DIBS will be abolished, we may even experience price correction, economic downfall, interest rate regularisation. Alot of external factors will influence this launch and am sure SPS will keep this in their assumptions list prior to projecting the launch or their future cash flow.

Additionally, they would not be launching shop lots for a ghost town; my take is, perhaps only after at least 50% of occupancy in SEH, the commercials may be opened and this will allow the shop lots to be self sustaining despite the surrounding cheaper competitors. Having said that, I am looking at this either for rental income / own business so, may keep this in my list of purchase for 2015.
darween13
post Oct 22 2013, 11:32 AM

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QUOTE(TFCapital @ Oct 22 2013, 11:15 AM)
Agree with you bro Amint. 2014-16 will be critical due to huge supplies will flood the sub sale market during the booming launch between 2010-2013. Don't forget the policy changes such as QE tapering, abolish of DIBS, interest rate normalization, supplies more than demand etc are on the table. Pray hard the gen Y who get involve in this game has the holding power for the next 3 years to come. For own stay or long term investor, any time is good time to buy.
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TF Capital and Amint - seasoned players, seen ups and downs of the market having great insights to the outlook of the prop market in 2014-2016. Taking into account the external economic factors, short term players will be in for a tough ride in the coming years; lets all hope things turn out smoothly. Nevertheless, one man's poison is another man's food, keep sufficient reserve to make extra ROI during these testing times when it comes as opportunity will open up.

darween13
post Oct 22 2013, 12:03 PM

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QUOTE(rusty @ Oct 22 2013, 11:42 AM)
This is a very very active thread!!!
Hi, future Monlis 1 owner here. Submitted doc for 6 banks on loan application and so far OCBC respond. Semi-flexi BLR -2.4% no MRTA... lock-in will depend whether go for islamic or conventional... they also got MLTA (GE) offer range from add up 130+ to 270+ per month installment. Still request to appeal for better rate smile.gif
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Congrats mate! Welcome on board.
V2 will have list of purchasers and their unit.
I bought Merrum B1.
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darween13
post Oct 22 2013, 12:22 PM

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QUOTE(rusty @ Oct 22 2013, 12:13 PM)
thumbup.gif
Thanks bro... hopefully ecohill is a very good n healthy neighbourhood community as i bought it for own stay.
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Same here.
Own stay...so far, from what I have gathered for the high end Cluster SD and SD are for own stay and the buyers are nice ppl. I.e.: Cher Yee, First Lady of SEH.
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darween13
post Oct 22 2013, 02:36 PM

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QUOTE(AMINT @ Oct 22 2013, 12:00 PM)
Yeah bro darween. I am interested in SEH/CG/EG. If one says that he/she doesnt see any potential iin them, i think they dont see the bigger picture. short term flipper maybe susah coz need huge holding power. but long term, i am confident.
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There is no longer sufficient land in downtown / midtown KL to build a proper township so now mostly high rise (which is very risky in my opinion).
Everyone is expanding sideways - Mont Kiara (Segambut), D'Sara (Sg. Buloh), CG (Rawang & Semenyih) and eventually those with proper planning, accessibility, convenience and proper township will create value - so, long term potential is affirmed. Own consumption no issue lo, merely on choice but flippers have to be mindful.
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darween13
post Oct 22 2013, 02:38 PM

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QUOTE(rusty @ Oct 22 2013, 12:50 PM)
Sibuk is good as we need ur valueble info  brows.gif
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+1

This is CY full time job, the rest is part time.
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darween13
post Oct 22 2013, 02:40 PM

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QUOTE(rusty @ Oct 22 2013, 12:53 PM)
BTW... is OCBC good as compare to other banks?
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I dont personally like their Home Loan package - semi flexi, no cheque book and need to go branch for withdrawal.
Advance payment <RM5k is non withdraw-able, more than >RM5k in single payment is considered capital repayment and withdraw-able but at branch and charged RM10 per transaction.
But, still submit since they have high DSR rate.


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