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 EcoMajestic @ Semenyih, by EcoWorld

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samkps
post Mar 11 2014, 04:07 PM

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QUOTE(JChoo @ Mar 8 2014, 03:26 PM)
Just saw Eco majestic master plan. Semi D cluster 32x75 and 35x75, semi D is 40x80.  Terrace smallest 20x70. Quick look at the design, nicest is the semi D, 40x80 called Malta, with nice balcony.  Indicative price from 1.2M for it, cluster semi D from 800-900k.
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It seems like EM is building 5 type of showhouses, perhaps for the semiD and the terrace?

Show houses
user posted image

Closer look on the show houses
user posted image

Road development?
user posted image

samkps
post Apr 9 2014, 02:48 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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Top gun gor... awesome reference... tongue.gif tongue.gif
samkps
post Apr 9 2014, 03:08 PM

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QUOTE(Chris Chew @ Apr 9 2014, 02:50 PM)
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.
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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

This post has been edited by samkps: Apr 9 2014, 03:11 PM
samkps
post Apr 11 2014, 02:17 PM

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QUOTE(Chris Chew @ Apr 11 2014, 09:30 AM)
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.
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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

This post has been edited by samkps: Apr 11 2014, 02:24 PM
samkps
post Apr 11 2014, 03:25 PM

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QUOTE(Chris Chew @ Apr 9 2014, 03:28 PM)
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.
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Lol... Bro Chris, I am not boss lah, just a peanut follower for TKJ of SEH. tongue.gif tongue.gif tongue.gif


Yes, EM and SEH is just separated by distance less than 1km, thus EM and SEH are growing together, anything good for EM, is good for SEH too. Anything bad affecting EM, mostly likely will affect SEH too. Therefore, from my perception, there are just one big township that going to transform within 5 - 10 years time.

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.

This post has been edited by samkps: Apr 11 2014, 04:02 PM


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samkps
post Apr 11 2014, 04:07 PM

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QUOTE(dcwhz83 @ Apr 10 2014, 09:40 AM)
no doubt both townships would complement each other and will prosper given some time... but bringing Setia Alam into the picture imo is more like a comparison between Bdr Bukit Raja vs Setia Alam... they are almost next to each other but the prices are far apart (it hurts if non Klang Valley ppl ask for directions to your house and u have to say next to Setia Alam because they dont know Bdr Bukit Raja for eg)... the question is parking your money in SEH or EM, which will bring better returns or better still which will redefine the brand name of Semenyih?
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I beg to differ... SEH and EM, looks to me just like Setia Alam and Eco Park instead. doh.gif doh.gif

There are located just almost like side by side...
samkps
post Apr 11 2014, 04:13 PM

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QUOTE(Rabel @ Apr 11 2014, 04:02 PM)
Boss, do you know the location of KFC chicken farm ?.
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Bro, open google map... search "KFC Broiler Farms Sdn. Bhd."... I presume the poultry farm is about 800m south to this point. hmm.gif hmm.gif

This post has been edited by samkps: Apr 11 2014, 04:14 PM
samkps
post Apr 13 2014, 05:10 PM

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QUOTE(Rabel @ Apr 11 2014, 04:39 PM)
Ok tq bro sam
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Bro rabel, you are welcome. TKJ's principle, sharing is caring... Site visit photo, too bad only at the front door. Stay there for 10 minute with car window open, so far do not encounter any sting smell.... rclxms.gif rclxms.gif

Straight beside this poultry farm is a malay cemetery follow by some kampung houses. About 300m from this farm has a klinik desa, thus I think should be okay lah...

This post has been edited by samkps: Apr 13 2014, 05:11 PM


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samkps
post Apr 13 2014, 05:48 PM

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QUOTE(Chris Chew @ Apr 11 2014, 10:22 PM)
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.
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Precisely bro Chris.. Property investment always a risk, that's why need to analyze carefully and try to mitigate it. For me, property investment generally can yield 3 scenarios based on property appreciation portfolio.

Scenario 1
Property appreciate fast, the pace much higher than the interest rate charge by the bank or the property can be rented out easily with a rate at least 70% from the monthly installment. Eg, EM appreciate more than 250k 5 years from now.

"Down payment" type buyers (including flipper): Supreme COCR and the cash dump in value for every single cent
"Cash" type buyers: Moderate COCR with attractive profit yield


Scenario 2
Property appreciate in slightly slower pace, appreciation is about the same or maybe lower than the interest rate charge by the bank or the property can be rented out with a rate ~ 40-50% from the monthly installment. Eg, EM appreciate about 150k 5 years from now.

"Down payment" type buyers (including flipper): Slightly positive/negative COCR as the appreciation value is being offset by the interest charged by the bank.
"Cash" type buyers: Most likely still with positive COCR and reasonable profit, most likely still higher than the FD rate.


Scenario 3
Property appreciation is zero or perhaps depreciation or can't find any rental for the said property, let say during economy crisis / stumbling. Eg, EM appreciate less than 50k 5 years from now or perhaps depreciating due to aging.

"Down payment" type buyers (including flipper): Negative COCR, bank still charging the interest, in-debt or serious case can lead to the house being auction or bankruptcy. If willing to let go 100 - 150k lower than entry price, most likely still can find the buyer, need to bear the lost of this 100 - 150k, plus the interest charge for the loan period.

"Cash" type buyers: 0% COCR, cash being locked without return, but no need to owe the bank, no interest charge, still can wait till economy bumps back or stay inside the house to cut rent etc.. If willing to let go 100 - 150k lower than entry price, most likely still can find the buyer, just lost that 100 - 150k.


I presume that's the risk that need to bear in property investment, and we need to choose the property based on our risk appetite...

Anyhow, I presume EM property is in scenario 1. However, our BBW bomoh will totally disagree with me, he will say SEH + EM will be ghost town after VP and serves as the biggest failure township development in Malaysia history.... tongue.gif tongue.gif tongue.gif tongue.gif

This post has been edited by samkps: Apr 13 2014, 06:22 PM
samkps
post Apr 13 2014, 05:52 PM

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QUOTE(robert82 @ Apr 13 2014, 05:24 PM)
thanks for the photo and site visit.
Maybe if we want more info, can drop by the clinic and ask the nurses about it.
They are there everyday(or almost everyday) so should know better smile.gif
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Good idea robert gor, if you drop by perhaps can furnish us the info from the little nurse there ya.. thumbup.gif thumbup.gif
samkps
post Apr 13 2014, 05:55 PM

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QUOTE(CK15 @ Apr 11 2014, 10:36 PM)
Rm150k for 5yrs with -ve COCR is bad investment for me. Friend invested nearby EM 2 yrs ago, making Rm120k with total cash outlay of Rm30k. Sui Bo!
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Sui... sui.... thumbup.gif thumbup.gif thumbup.gif

A wild guess, houses in Pelangi Semenyih??? hmm.gif hmm.gif
samkps
post Apr 13 2014, 06:16 PM

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QUOTE(Maneki-neko @ Apr 13 2014, 05:01 PM)
Heard that there will be a new link road direct to KL town, is it?
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Do you mind to share more info on this link road? hmm.gif hmm.gif
samkps
post Apr 13 2014, 07:00 PM

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QUOTE(CMW123 @ Apr 13 2014, 06:43 PM)
Sometimes the smell depends on the wind direction carrying it, the weather, the hygiene of the farm n its waste disposal system etc

Better do more research n chit chat with the local
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That's true. This is something I found from their website. True or not true, really need to figure out. hmm.gif hmm.gif

"The breeders are reared in temperature-controlled chicken houses and fed with nutritionally formulated-feeds to optimize production.Strict sanitation and bio-security controls are practiced in the farms at all times. Each chicken house is well spaced out from the others so as to minimize disease outbreak and contamination."

http://www.pocketzila.com/kfch/business-un...ry-integration/


Perhaps someone interested should do a survey with the local (kampung rinching hilir) and furnish us with some info here, or is there anyone can find public complain report about this farm, as it is already for quite a long time I presume.

Anyway, this farm is located on the other side of Lekas, about 3km away from the EM first phase of DSL and SemiD.
UEM serene height should be even closer to this farm I presume, about 2-3km away.

samkps
post Apr 13 2014, 07:06 PM

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QUOTE(CMW123 @ Apr 13 2014, 06:49 PM)
How is this terrace compared to country garden, since both at range of RM600k? Both are G&G, right?

Country garden completed clubhouse looks impressive

Only know this has a big park, do it has a club house?
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I presume the master plan of EM perhaps not really finalized.

The latest news I received from the SA is they maybe not building the clubhouse for saving the maintenance fees, but will replaced with a sports complex. Anyhow, as being told by the SA, it seems like not finalizing yet. Do you get any info on the maintenance fees for the country garden?

EM has its own Lekas link while CG is only connected to the Jalan broga and then to Semenyih town.

Which one is better, perhaps you should do more research (including visit the site) and choose based on your preference.

This post has been edited by samkps: Apr 13 2014, 07:24 PM
samkps
post Apr 13 2014, 09:06 PM

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QUOTE(fongolou @ Apr 13 2014, 08:04 PM)
Went to site visit today..the site does has some distance from the setia ecohill..
For me..its really FAR~~~~~~~
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Lol... bro, you sure you enter the correct site? From the PARC of SEH, it seems less than one km from SEH woh.. tongue.gif tongue.gif
samkps
post Apr 13 2014, 09:07 PM

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QUOTE(doomdoom @ Apr 13 2014, 08:36 PM)
No clubhouse for EM? Then whats make it different and better than SEH?
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Bro doomdoom, perhaps from the landscape, house design and total buildup, EM is a little more exclusive than SEH. Anyway, it depends on the personal preference I presume... hmm.gif hmm.gif
samkps
post Apr 13 2014, 10:00 PM

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QUOTE(doomdoom @ Apr 13 2014, 09:47 PM)
how about the commercial development at eco majestic?
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The commercial area will be located near to the interchange...

When I ask the SA, he said the mall not confirm yet, but the reply to bro treehill is there will be mall on EM.

Therefore, as I said just now, it seems like still many things not finalized yet.

But for sure empty bungalow lot will be out very soon, follow by the first phase SemiD and DSL.

Either first come first serve or ballot, also not sure yet... tongue.gif tongue.gif


samkps
post Apr 13 2014, 10:02 PM

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QUOTE(fongolou @ Apr 13 2014, 09:54 PM)
Haha~~i mean far from KL..i drive till wanna fall sleep..
Mcm pergi nilai..lol
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Lol... Do you face any jam? If the traffic is smooth, you should be able to reach SEH / EM within 30-40 minutes from either Berjaya Times Square or Mid Valley.... tongue.gif tongue.gif

The distance from KLCC to SEH / EM is similar from KLCC to Kota Kemuning / Setia Alam / Setia Ecopark / Puchong Utama / Putrajaya / Bangi loh... tongue.gif tongue.gif

This post has been edited by samkps: Apr 13 2014, 10:14 PM
samkps
post Apr 13 2014, 10:54 PM

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QUOTE(Chris Chew @ Apr 11 2014, 10:30 PM)
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.
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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
samkps
post Apr 13 2014, 11:00 PM

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QUOTE(CMW123 @ Apr 13 2014, 10:45 PM)
Ya, commercial area near future LEKAS interchange, those with white color high rise shown on the master scale model

SA told me no need ballot...not sure how true
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The most interesting part is this commercial area will be very close to the KFC poultry farm, less than 1 km I suppose... hmm.gif hmm.gif



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