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Investment EKOCHERAS @ JALAN CHERAS (Ver 2) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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post Nov 21 2013, 03:38 PM

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If u take 70% loan only, even low floor can still consider non dibs package..
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post Nov 21 2013, 05:43 PM

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QUOTE(ekorjiulai @ Nov 21 2013, 04:18 PM)
Thanks for your input bro. Much appreciated!
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Anyway, if u do decide 2 drop ur unit, thr will b several buyers waiting to buy fr u in view of the factors I shared.
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post Nov 21 2013, 06:57 PM

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Whichever..even if 2% increase for block J now, the value of J in the subsale mrk 5 years later will also follow suit the pricing of block H as both of them r twins in nature, side by side n sharing d same facilities.
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post Nov 21 2013, 07:00 PM

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So the higher pricing the developer pushes block H, the better it is 4 block J coz both blocks will enjoy similar subsale pricing although block J buyers had a lower entry price as compared to block H.
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post Nov 21 2013, 07:14 PM

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I was not privileged enough 2 buy block J coz I went on sun instead of sat. So I ended buying block H instead m I dont get d 5% discount..
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post Nov 21 2013, 11:48 PM

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Some banka strict in assessment n wont give the LTV dat u want. Anyway the 2nd 10% is only payable next july 2014.
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post Nov 22 2013, 02:27 PM

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QUOTE(ekorjiulai @ Nov 22 2013, 12:46 AM)
That's interesting. How did you find out when the payments will be taken? I'd like to know too so I can decide whether to go for dibs or no dibs option.

If I can negotiate a 90% loan, is it definitely better to go with the dibs option?

I can't calculate the interest saved unless I know the developer's plans in terms of fund disbursements both timing and amount.
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U can call ms yong who works 4 d developer at 019-3606619. Ask her 4 more details on the drawdown schedule.
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post Nov 23 2013, 12:02 AM

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Star residence@KLCC launching tom at kl convention centre 4 a whopping min rm1,500 psf..up to rm1,750psf.
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post Nov 24 2013, 12:36 AM

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QUOTE(CaptainCool @ Nov 23 2013, 07:57 PM)
Did developer give any reason for their recommendation? Hmmm......maybe I should take dibs also?
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One time pain as u pay ur 20% then forever bliss intead of worrying on interest cost movement. I m not taking dibs as I only got LTV of 70%. If I got 80 or 90% sure I take dibs..
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post Nov 24 2013, 09:17 PM

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During this weekend Star Residence@ Klcc & H20@Ara damansara are launched. Both high dense project surpassing 1,500 units. H2O architect v smart..can create 3+1 room for 800+ sqft condo. 1,000 sqft got 4+1 room. They wanna increase no of rooms so investors can hv better rental yield. Advantage is its located oppossite tesco xtra.
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post Nov 24 2013, 09:21 PM

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Many many high dense apartments launching..after tis ekocheras buy, I am looking to invest in a double storey terrace hse instead 2 diversify my portfolio.. scared too many condos..oversupply. freehold landed near ktm n lrt/mrt cant go wrong in the medium term.
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post Nov 25 2013, 12:46 PM

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QUOTE(Jagalat @ Nov 24 2013, 10:14 PM)
Hello Restful Boss, In general, diversification is good. l have a  few questions that need your expertise.
Q1: Would landed hse yields better than condo? The rental is less than rm2k mostly in cheras for example. I might miss out some areas.
Q2: Many 2nd hand double storey hse, for example tmn tayton, mutiara barat, need some renovation. That is another add in cost.
Q3: What are the new landed areas tat have walking distance to lrt or mrt or ktm or monorial?
Thank you.
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I wont buy the existing old houses in cheras. Trend forward is to hv gated & guarded projects 4 security reasons n thr is only v limited projects in cheras on tis concept. Look out 4 new terrace houses projects in semenyih & kajang. The new houses r mainly freehold n since they r new houses thr is less reno cost involved. I would prefer kajang over semenyih as thr r 3 new MRT stops in kajang. Semenyih has no MRT. Nadayu 92, Kajang 2 and the tropicana heights@kajang will have good capital appreciation for their freehold landed terrace hse. The only downside for terrace house is the rental yield is poor n u need holding power for at least 5 years b4 u see ur inbestment pay off. In the meantime ur rental will nit b able 2 cover for ur mthly installment.
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post Nov 25 2013, 01:04 PM

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U guys need 2 lobby your ideas more with Joe Wong who is the head of sales & marketing for this Ekocheras project..
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post Nov 25 2013, 05:22 PM

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QUOTE(owllim @ Nov 25 2013, 04:21 PM)
anyone LTV70 and stil go for dibs?
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If u enjoy LTV 70%, ur better off WITHOUT dibs..
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post Nov 25 2013, 05:30 PM

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QUOTE(ecin @ Nov 25 2013, 02:40 PM)
will have good capital appreciation
=> high-risk speculation?

terrace house is the rental yield is poor
ur rental will nit b able 2 cover for ur mthly installment
=> what do you mean?
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To enjoy the capital appreciation, u may need to hold the terrace hse for 2 to 3 yrs after VP. If u buy new landed property near ktm or mrt, even better. Between landed property n high dense condo projects, I think the landed property will give better capital appreciation. Dont forget ekocheras is also highly dense with a whopping 1,800 units available upon VP. Competition will b keen to find tenants to occupy our units.
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post Nov 25 2013, 08:13 PM

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QUOTE(Jagalat @ Nov 25 2013, 05:50 PM)
Hello Restful Boss, Thank you for the useful info.

In terms of landed price order: Kajang 2, Nadayu 92, Tropicana heights(highest price due to Dijaya's background)

Nearest Jln Reko MRT station is ~4 km(per other forumers) from Kajang 2.
I interprete not a typical walking distance.

Nearest KTM Komuter station maybe the one at UKM?

I am off topic d...
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Kajang 2 has an upcoming ktm station that will connect you to an mrt station which is just one stop away. The ktm is located beside d upcoming mall which anchor tenant is likely jaya jusco. The developer will start constructing d ktm station in mac next year. This project is d closest to the mrt that I can think of.
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post Nov 25 2013, 08:18 PM

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QUOTE(ecin @ Nov 25 2013, 06:29 PM)
yeah, that's logic! DIBS looks like a good option for your situation! alternatively, if still if you finally choose not to take DIBS, you can choose to take Full-Flexi loan, and dump in some money ahead (fyi, those excess has no interest paid to you by the way), you can check your account statements through online-banking, some hassles involved anyway
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If ur an overseas buyer better go 4 dibs n dont worry abt the hassle..
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post Nov 26 2013, 12:04 AM

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QUOTE(ecin @ Nov 25 2013, 09:03 PM)
restful increase bro, I just wonder so I asked but you didn't share further:

terrace house is the rental yield is poor
ur rental will nit b able 2 cover for ur mthly installment
=> what do you mean?
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Its my observation that rental for landed properry is generally lower than condo. This is especially true if the house is not a gated n guarded n does not hv a clubhse with facilities. Desa park city terrace hses enjoys very good capital aporeciation n also reasonablev rental yield as its gated, guarded, has clubhse n surrounded by park & eateries coupled with international school. But if its just a terrace hse without these security features n amenities a terrace hse may only fetch rm1,500 pm while the sale price price is rm600k in kajang for example. My friend is renting a 3,000 sq ft ungated n unguarded terrace hse in ampang for rm2,500 pm. The hse market value is rm850k. Which enforces my observation in today's sale prices its increasingly diff 4 mthly rental to pay fully 4 ur mthly installment. But go long term ie 10 yrs the capital appreciation of a terrace hse in nadayu 92 or kajang2 would outstrip any soho unit in our high dense ekocheras. I could b wrong. This is just my 2 cts view.
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post Nov 26 2013, 08:24 PM

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I understand that the "mall" is actually covered retail shoplots with walkways in between. Some will enjoy covered walkways n some will not. It is not like midvalley or sunway mall. Thr r cineplexes but its still at planning stage. U will all their proposed plans in yr s&p.
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post Nov 26 2013, 11:24 PM

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The retail shops gross built up area is quite sizeable at 1 million sq ft. Should hv enough space to house yr tenants' daily necessities..hopefully this will b a strong magnet for future tenants as after VP the competition to rent or flip our units will b very fierce. Project contains a whopping 1,800 units..

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