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 EcoMajestic @ Semenyih, by EcoWorld

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Chris Chew
post Apr 6 2014, 02:31 PM

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QUOTE(ManutdGiggs @ Apr 6 2014, 01:49 PM)
Means similar to dpc concept, different fr sep, and definitely bigger size???
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Yes boss. Quite similar to DPC. Each precinct only landscape and houses within one entry / exit.. The only difference btw 2, I could notice would be density, 15" feet back to back and a big sports complex.

I like the clusters, same precinct ( 2) as Semi-D , where the French style gate less and I reckon the guards would be place on each road 24/7. The selling point for EM could be their verandah due to their designs.

SEP or SEH? If SEH, yes different and built up size is bigger if compare the same foot print.
Chris Chew
post Apr 6 2014, 02:43 PM

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QUOTE(robert82 @ Apr 6 2014, 01:41 PM)
possible meh launching in May?
the showroom is barely ready, not to mention the infrastructure to access the showroom itself.
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Possible.

If I not mistaken, there is a temporary sales gallery for launching which would be tear down later once the actual Eco Majestic Gallery is open with access ready.
Chris Chew
post Apr 6 2014, 03:08 PM

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QUOTE(ManutdGiggs @ Apr 6 2014, 02:35 PM)
Boss need ur connection to get bungalow land liao. Doable for bungalow land??? Or ready built beta???
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Boss, I also need a connection too. If the demand like Eco Botanic, guess it would be utmost impossible.

I notice most VVIP are keen on bungalow land than the houses. It could be not my league or my game plan leh.

Chris Chew
post Apr 6 2014, 03:17 PM

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QUOTE(robert82 @ Apr 6 2014, 02:32 PM)
"The only difference btw 2, I could notice would be density, 15" feet back to back and a big sports complex. "

Which one has bigger sports complex and what is 15" feet back to back?
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Hmm, no idea which one has bigger sports complex.

15" feet back to back means the back of the house distance to another back of the house ( behind row )

For EM, the stratified houses are almost fully built end to the max, unlike left 5-10 fts at behind with fencing like most individual title houses. There are landscape instead of tar road on this backtage. This is a plus point of any stratified landed for more exclusive lifestyle.

Meanwhile, the frontage is 50" feet as usual ( if I remember correctly )


Chris Chew
post Apr 7 2014, 05:37 PM

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QUOTE(cheryee @ Apr 7 2014, 04:22 PM)
Chris kor,

RM130psf, doable boh?
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Cheryee jie,

Reckon u can hold at least 5 years like Giggsy boss. Definitely do-able.
Chris Chew
post Apr 9 2014, 01:12 AM

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QUOTE(fongolou @ Apr 9 2014, 12:43 AM)
wondering any one bought ECO world share? the company seem very aggressive and may have potential to be the leader in the industry...hmm...thinking should I be part of their shareholder...  rclxm9.gif
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Am not a fan of share but property. Guess who bought it earlier already earned a lot.
Chris Chew
post Apr 9 2014, 09:53 AM

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QUOTE(kochin @ Apr 9 2014, 09:08 AM)
EW just confirmed their own privillege program call Ecoprestige

allows repeat customer 2% and referral fee of 1%
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Wahh, swee swee.

Referral fee 1% is an excellent idea... Wakkakkakaka
Chris Chew
post Apr 9 2014, 09:58 AM

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QUOTE(Macam Yes @ Apr 9 2014, 09:36 AM)
TaiKahJie?

beside G&G, So what EM selling point since same size SEH?
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Beside purely G&G as stratified landed, the built up for EM is slightly bigger at approx 10% ( if compare the same land size ) and slightly different on features such as EM with backyard as landscape.

Chris Chew
post Apr 9 2014, 02:38 PM

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QUOTE(TheRoadRunner @ Apr 9 2014, 02:26 PM)
Kochin, please share the photo if you ever gotten through PM.

Thanks
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Yeah, " sharing is caring "

This is my motto since my college time. Lol.

Chris Chew
post Apr 9 2014, 02:50 PM

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QUOTE(UFO-ET @ Apr 9 2014, 12:38 PM)
Bro, share some more thought pliss, Semenyih folks claim SEH location better than this, how ar?
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Boss, I am not much familiar with Semenyih but maybe the local folks could be true. Never ever rare study until SEH is launched.

But for me, since few plots of very huge land by both SEH and EM are just next to each other. I would say, all abang adik. Instead, I reckon any housing precincts nearer to commercial plot would be an edge.

Ex. I cant say Puchong is better location due to its size. Some may argue Bdr Kinrara is better due to nearer to KL, some may argue Bdr Puteri is the bestest and some may argue Taman Tasik / Putra / Puchong Prima is better due to nearer to Cyberjaya and price lower. Lol.

Current EM Precinct 1-3 also could be advantage due to next to SEH which is developing and Phase 1-2 would be completed once EM is VP by next 3 years.

SEH advantage could be nearer to Tesco and Kajang. Meanwhile, EM is further down and nearer to Bangi hence nearer to Plus, NSE and KLIA. Both have their own entry and exit to Kajang / Seremban highway.

Gotta spend my week to study SEH and EM before I could comment further. And waiting EM finalized master plan.

Chris Chew
post Apr 9 2014, 02:54 PM

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QUOTE(Top Gun @ Apr 9 2014, 02:40 PM)
For this answer, please refer to SEH V8 thread in page 20 @ post#396. rclxms.gif
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Aiyo, i using phone very leceh leh. Need to go here n there n load load load. Lol.
Chris Chew
post Apr 9 2014, 03:05 PM

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QUOTE(Top Gun @ Apr 9 2014, 03:00 PM)
Chris gor,
No need to load anymore loh.
The prettiest gal already show up here to hentam people.
laugh.gif  laugh.gif  laugh.gif
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Hahaha.

She must has her own reasons why to hentam ppl here but I dunno bcz unable to catch so many of SEH thread. Moved too fast until I couldnt read all.

I duwan load d. I wait launching day n go EM gallery and hunt better. Lol.

Chris Chew
post Apr 9 2014, 03:28 PM

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QUOTE(samkps @ Apr 9 2014, 03:08 PM)
Bro Chris, I don't think EM is nearer to Plus, unless the expresslink that connects to Bangi is confirmed...  wink.gif  wink.gif

Currently, the accesibility to EM seems still vague (as the interchange to LEKAS still not available), though I have been told there will be a direct road coming out from EM and joining the main Jalan Semenyih. Currently, we only can observe EM site from the PARC and not sure which road will lead us to the site. 

SEH is easily noticeable as it is located just beside the main Jalan Semenyih. Everyone pass through the main road can't miss it, that's why serve as the new landmark of Semenyih now... brows.gif  brows.gif
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Sam boss. Thanks for clarify.

Let me check back the map to comment further bcz I cant remember clearly.

I suppose that the EM has two new interchanged which is entry and exit from Lekas ( just near to Jalan Bangi ) directly.

I unsure about the Jalan Semenyih path.

While, if entry to SEH is noticeable then EM current phases also more or less not big issues for me bcz both separated by less than a km ( if not mistaken bcz I not familiar with SEH master plan ). EM main entrance to SEH is just separated by 300mtr linked bridge.

As a huge townships for me, I see both could be a success with each other bcz both SPS and EW are not trying to outrival each other but to enhance each other eco series township.

Instead, I can comment that both SEH and EM could be success in shorter than 8-10 years period but not necessary the whole Semenyih could be benefited from it.

History reminded me that, ppl used to claim Setia Alam as Klang border and very far from everywhere. The location maintain the same as border to Shah Alam and Klang as it today but people accepted it is Setia Alam township and do not rank it as Klang.

Anyhow, I could be wrong too.
Chris Chew
post Apr 10 2014, 12:37 PM

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QUOTE(lowprice @ Apr 10 2014, 11:14 AM)
I'm doubt about the ROI if you were getting bank loan.  Can't compared this ecomajestic with setia alam as different entry cost and appreciation value.

Ecomajestic - high entry cost with slow appreciation value and serve high loan interest.
Setia alam - low entry cost but high appreciation value.

Think twice.
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No la, what he means is, which location is better btw SEH and EM, both are next to each other included the upcoming future SEH2. Both are still under construction and a major township of total 3000 acres, we are unable to define which one is certainly the best bet. Unless this is 300 acres township or already 30% developed, or else, we are very hard to justify which is safer bet and a lot of individual preference and profile needed to bring up here.

What he brought up the name oif Setia Alam is not the direct comparison for ROI, but just a sake of the location for Klang / Shah Alams residents for the better location of Setia Alam and Bdr Bukit Raja, where also next to each other and mirror to the situation of SEH and EM now.

Btw, I am not agreeable if the ROI is doubt if we are going to take bank loan. It is very much depoends on how you determine the ROI or cash flow.

Chris Chew
post Apr 10 2014, 05:32 PM

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QUOTE(lowprice @ Apr 10 2014, 01:43 PM)
Hi chris,

For your last paragraph,  I'm still doubt for those who borrow bank loan and looking for ROI. First,  the entry cost is at least half mil let say for size - 20x70. Even if its appreciation value goes up fast(but I foreseen it will take longer than setia alam. Worst case - high price low demand),  how many are affordable to buy its subsale which possible goes near to 700-800k after vp or longer appreciation? For 2 cents view for this project or ecohill is that this is not for investment if applied bank loan but good for own stay.

Pls share your thoughts.
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Bro,

It depends on how you calculate the return on investment, which for me, can be in certain several formula.

I prefer to use COCR ( Cash on Capital Return ) on buy / sell purpose as my ROI. Btw, how you use ur ROI? By using the profit / Purchase Price as the flow?

Say, if I buy a RM 500k house and appreciated to RM 750k in 5 years time.
Scenario 1
If I buy cash, my initial capital is RM 500k and upon selling, my cost is 2% agent fee @ RM 15k + miscel cost like S&P at RM 15k.
Net profit after 5 years is RM 250k - RM 30k = RM 220k
Average ROI, 220k / 5 years = RM 44k per year

Scenario 2
If I pay RM 50k downpayment ( my capital ) and get RM 450k loan, my cost is bank interest for 5 years, say estimated RM 50k, and upon selling, my cost is 2% agent fee @ RM 15k + miscel cost like S&P at RM 15k.
Net profit after 5 years is RM 250k - RM 80k = RM 170k
Average ROI, 170k / 5 years = RM 34k per year

If you see the above situation, RM 220k profit is surely more handsome than the RM 170k profit, both is manner of 5 years. But let's see another assumption below based on Cash on Cash Return ;
Scenario 1 : 220k / 500k capital = 44% COCR or 8.88% per annum
Scenario 2 : 220k / 50k ( capital ) + RM 50k ( interest in 60 months ) = 169% COCR or 33.80% per annum

I prefer to to take out RM 50k downpayment and ready another RM 50k which is going to pay slowly over the 5 years course to gain more pretty profit at 169%, rather than not only put in the RM 500k but locked it for 5 years before I get back with just 44% return.

Btw, we shouldn't include a matured township at different location with different demand like Setia Alam as the comparison with under construction likle SEH and EM.
Setia Alam - Entry is high compare to SEH and EM due to matured township and matured price, but steady and less risk due to ready market.
SEH / EM - Entry is lower than Setia Alam and based on pricing, it has the potential to go up further.
If Setia Alam's 20x70 has the buyers of RM 780k - 800k now, I see no reason why SEH and EM can't repeat the same thing of RM 780k - RM 800k in few years later on.

My advise, the risk is there, to buy into very huge township like SEH, EM or Bdr Rimbayu, the potential is surely there but timing and holding is the key. Don't expect 169% COCR upon completion especially for Phase 1.

This is not The Zest, The Treez or KR1.
Chris Chew
post Apr 11 2014, 09:30 AM

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QUOTE(kochin @ Apr 11 2014, 06:27 AM)
One small observation, boss.
For cocr calculation on scenario 2, it should be rm50k initial outlay + approx rm2k/mth x 60 months. This is because you are actually paying both interest and principal.
You are forking out approx rm2k per month for your installments rather than pure interest over the 5 years period. Hence irrespective whatever you are paying for, it is still money out and you should take this as part of your cocr calculation, no? With this, you can theoretically increase your profit margin slightly because after 5 years, there are further reduction from your loan amount.
Of course, one can always counter dispute about rental income.
And another smart Alec may point out assessment fees lah, insurances lah, utilities bills lah, etc. rclxub.gif
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Definitely can boss. Bcz principal is paid but capital is back after 5 years and inline with Scenario 1 bcz the capital was paid upfront by cash.

But dont confuse him too much eh and I just use a very simple calculations without other minor costs involved.

The RM 450k at B - 2.40% for 35 years. The monthly installment is RM 2200 per month with approx RM 700 average principal a month and RM 1500 interest a month. But SEH is 2 years construction and EM is 3 years construction, so quite difficult for me to input the rough amount.

If i use EM, I guesstimate the progressive interest is 5% of RM 450k which is RM 22,500 and plus 24 months installments, RM 2200 x 24, RM 52,800. Total RM 75,300

So, RM 250k - RM 75k - RM 30k = RM 145k
Average ROI = 145k / 5 = RM 29k per year
COCR = RM 250k / 125k = 50%, average 10% A year.

I still see getting loan borrowing is one of the best way to leverage our cash flow with better COCR n ROI. Lol.

Chris Chew
post Apr 11 2014, 10:46 AM

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QUOTE(kochin @ Apr 11 2014, 10:25 AM)
hehehe.
question:
is it true that for rm2,200/mth installment, rm700 goes to principal and rm1,500 goes to interest?
i find that in the first 5 years, i'll be lucky if i can even reduce my principal by RM10k off a RM500k loan. hehehe.

but basically i agree that leverage is best ONLY if the deal makes money.
else it's double whammy if deals goes wrong. loss + interest.

well written analysis boss!  notworthy.gif
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Yes, boss. But I calculating above based on loan size RM 450k ( 90% of RM 500k ), at BLR - 2.40% and for 30 years.

If based on 5 years, the principal payment from month 1 - 60 is from RM RM 625 to RM 769 per month, so I average RM 700 and to be exact, outstanding balance after 5 years is RM 408,314 ( reduce by RM 47k+ )

If based on 2 years ( due to minus 3 years under construction and serving progressive interest ), the principal amount from month 1 - 24 is from RM 625 to RM 678 per month and outstanding balance after 2 years would be RM 434,366 ( reduce by RM 15k+ )

Yalor, bank borrow us the money to go and make bigger bucks by paying a bit interest, why have to lock down own huge capital for few years and received smaller bucks later on. Furthermore, RM 500k is big today but not the same value 5 years on due to depreciate RM.
Chris Chew
post Apr 11 2014, 10:22 PM

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QUOTE(samkps @ Apr 11 2014, 02:17 PM)
Bro chris, decent calculation...  rclxms.gif  rclxms.gif I like calculation too, though I am not a calculative person...  tongue.gif  tongue.gif

The COCR looks indeed looks tempting in this context, but  I presume generally it still relies on how much the total capital appreciation of the said property. RM 250k increase within 5 years will generate an attractive COCR if compare between scenario 1 and 2. However, this is fairly risky, esepcially for a flipper. For a conservative assumption, how about the capital appreciation just about RM 150k within 5 years?

If use back your example,

Scenario 1
If I buy cash, my initial capital is RM 500k and upon selling, my cost is 2% agent fee @ RM 15k + miscel cost like S&P at RM 15k.

Net profit after 5 years is RM 150k - RM 30k = RM 120k
Average ROI, 120k / 5 years = RM 24k per year
COCR = RM 120k / 500k = 24%, average 4.8% A year.
Scenario 2
If I pay RM 50k downpayment ( my capital ) and get RM 450k loan.
Progressive interest is 5% of RM 450k which is RM 22,500
24 months installments, RM 2200 x 24, RM 52,800.
2% agent fee @ RM 15k + miscel cost like S&P at RM 15k = 30k

Total cash you have dumped in RM 50,000 + RM 22,500 + RM 52,800 + RM 30,000 = RM 155,300

Net profit after 5 years is RM 150k - RM 155,300 = - RM 5,300
Average ROI = negative ROI
COCR = negative COCR

From the above example, you can clearly see that those have RM 500k cash is still having some ROI, but those with only RM 50k already make a lost! This is not factored in if there is BLR increase within that 5 years.

Thus, regardless how you calculate the ROI, the most crucial rule I always remind myself is - Find more money and dumped into flexi account, every single cent of interest that I save, it will convert to another single cent of my ROI...  tongue.gif  tongue.gif  tongue.gif
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Yes boss.

What you said and explained as above is true either. Definitely taking loan or buying properyy with cash, there is a risk itself but once a prop investor enter the market, he or she would definitely able to figure out whether he / she should flip upon 5th or 6th year if making loss in COCR.

Bcz for me, if a landed prop only appreciated by RM 150k in 5 years time, the market shown really slow pace a bit or probably only in the area itself or not matured enough. Thus, the investment could be not a good buy or wrong timing of dispose, whether buying with cash or getting with loan.

Both Scenario A and B above is just an illustration but if based on the fact, certainly it show both have the different cash flow and holding power.

Chris Chew
post Apr 11 2014, 10:30 PM

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QUOTE(samkps @ Apr 11 2014, 03:25 PM)
Lol... Bro Chris, I am not boss lah, just a peanut follower for TKJ of SEH.  tongue.gif  tongue.gif  tongue.gif

As about the access road, perhaps you can refer to the following map for details, it has been discussed alot in the SEH thread for quite some time ago.
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Oh ok sam bro, thanks for enlighten me.

Hmm, from the latest access roads I heard and seen, there are 2 interchange from Lekas to EM. And the proposed road cut thru EM from Jln Bangi, do u hear anything that it is being confirmed? I was told it had been confirmed, not so sure the source whether its true or not.

Chris Chew
post Apr 14 2014, 09:06 AM

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QUOTE(samkps @ Apr 13 2014, 10:54 PM)
Nothing confirm yet. If that road is confirmed, that's mean Jalan Semenyih and Jalan Bangi Lama will be linked up, and directed to NSE highway on Bandar Seri Mahkota exit, via Bangi Avenue..

Such linkage will enable EM / SEH residents to have access NSE easily, while Serene Height / Bangi Avenue residents shall be able to acess Lekas highway as well....  rclxms.gif  rclxms.gif

Hopefully this link road can be confirmed, as it is beneficial to both townships either in Semenyih or Bangi....  thumbup.gif  thumbup.gif
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Yeah, that linkage is very crucial. I am pretty much that linked road to NSE would be there.

Guess I need to do another rounds of site visit to know it much further. 1/2 year never go since SEH launched. Lol.


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