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Investment RICA RESIDENCE @ SENTUL [OWNERS' THREAD], 200m walk to Sentul West MRT Station

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mthc
post Jan 3 2017, 11:12 AM

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Didn't know SPA can be prepared without APDL approval from the gomen 😱😱😱😂😂😂
mthc
post Jan 3 2017, 11:19 AM

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QUOTE(David_77 @ Jan 3 2017, 11:14 AM)
Oh, didnit know that. I have signed the LO. Will follow up with the banker on the supplemental LO. Thanks  thumbup.gif
Lol! Oh maybe too cautious. Think slow take up, so start early while applying for APDL but siapa tau, booking cepat but APDL delay?

But either way, if RHB do not extend the LO timeline, I kena apply again  bruce.gif
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Supplemental LO will state the extension of the offer period stated earlier
mthc
post Jan 3 2017, 12:50 PM

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QUOTE(nond @ Jan 3 2017, 12:36 PM)
yalor I also ask the same.

same process for pbb rhb.

maybe like v go pasar haggle, after discount will feel more siok.  haha
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Higher int means higher profitability for the branch target. They proposed your case on a lower int to the credit but offer you at a higher int.
mthc
post Jan 4 2017, 01:06 PM

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.

This post has been edited by mthc: Jan 4 2017, 01:07 PM
mthc
post Jan 4 2017, 01:08 PM

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QUOTE(ost1007 @ Jan 4 2017, 12:59 PM)
This definitely will demolish. The land under ytl previously and now acquire for mrt purpose. The land is propose for mrt 3. U can check in mrt info center at viva condo.
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MRT 3!? You mean there is a MRT 2 confirmed and also an incoming MRT 3 here also!?
mthc
post Jan 4 2017, 01:26 PM

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QUOTE(nond @ Jan 4 2017, 01:13 PM)
http://www.nst.com.my/news/2016/09/172973/...ne-klang-valley

wow, all high end area for mrt3, except sentul. haha
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Ya lor of all places but suddenly Sentul appeared there hahaha!!
mthc
post Jan 4 2017, 01:34 PM

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QUOTE(gks @ Jan 4 2017, 01:27 PM)
Initial I think MRT2 not even going into Jalan Ipoh/ Sentul West.

The plan was to launch MRT Circle line first however due to TRX and Bandar Malaysia, they switch the plan the redo the alignment of MRT2. If MRT circle line is still coming to Sentul, it will make sense to have an interchange with MRT2 and either Sentul/ Sentul Timur LRT Station.

The biggest loser here is the Metropolis where now they have biggest convention center but zero public transport going into there and need to wait for MRT Circle Line.
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Let's just hope the huge piece of green green land where klpac is sitting on will have some major developments la.. rather to see buildings than one big green park zzz
mthc
post Jan 4 2017, 01:35 PM

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QUOTE(chiahau @ Jan 4 2017, 01:34 PM)
Feasibility study pun Belom buat, how to confirm MRT3 coming? Until they start opening up tenders for subcontractor and etc, that's when you'll know the alignments are located.
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Agreed. Can only sepeculate for now. Consider one biji in rica la

This post has been edited by mthc: Jan 4 2017, 01:35 PM
mthc
post Jan 4 2017, 01:42 PM

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QUOTE(gks @ Jan 4 2017, 01:40 PM)
If you have been following MRT1 & 2, they will have preliminary alignment approved by government and public hearings. there after the public feedback they will make amendment of the alignment if any and starts with land acquisition. parallel with the land acquisition, the tender will start for elevated and underground. The process will take between 1-1.5years before physical construction starts. When physical work started, it will take another 5-6years for completion.

https://en.wikipedia.org/wiki/Sungai_Buloh-...rajaya_MRT_Line
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Wonder why YTL lobbied two stations to sentul west. Maybe got big plans for the huge parcel of land there after acquiring remaining stake from sentul raya..
mthc
post Jan 4 2017, 02:09 PM

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QUOTE(noname2188 @ Jan 4 2017, 01:51 PM)
blink.gif
So does it mean
- Proposal: (ada chance) Sentul West will be the interchange station for MRT3, together with
- Confirmed: MRT2 walking station within 200m

Wa, like that Rica maybe get an additional catalyst ?  brows.gif
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Don't put too high hopes or simply say. Many haters will come shoot you or accuse you as an agent one 😬😬😬

These ppl got mouth no balls what to do lol
mthc
post Jan 4 2017, 10:43 PM

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Quite worried about fajar baru without any track records. Don't know how will the workmanship turns out to be like tbh.. later end up another MEH scandal
mthc
post Jan 4 2017, 11:39 PM

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QUOTE(noname2188 @ Jan 4 2017, 11:23 PM)
As a public listed company, I don't think they will risk their reputation and share price just only for this condo project.
After all, they still have others on-going projects in different countries and different areas.
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Boss.. I am not so confident with their TNW given the total GDV of projects there are holding. They property and construction arm have been making losses along the years. They are surviving because of their timber business.

Did some research and only to find out that they want to make their property and construction arm profitable again. It is a good news, definitely. But then again having 4 projects in hand without any proven track record signals a concern. I have also noticed that the main con is themself.

They may be public listed but a plc can come in many tiers. I dare say many big commercials out there are on a higher tier than them even tho they are not plc. FYI, they are tier 3 plc.

This post has been edited by mthc: Jan 4 2017, 11:40 PM
mthc
post Jan 4 2017, 11:44 PM

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QUOTE(Iangan @ Jan 4 2017, 11:42 PM)
The entrance c and b will be remained. There is no longer entrance a there. The layout has been revised. So left only 2 entrances.
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Boss your info legit? Gives me more reason to abandon ship
mthc
post Jan 4 2017, 11:49 PM

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QUOTE(AskarPerang @ Jan 4 2017, 11:48 PM)
so without entrance A, Rica distance to the MRT station increased. possible same distance now Court 28 to the entrance and Rica to the entrance.
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Need to cross the road already without that entrance. It's ridiculously difficult to cross
mthc
post Jan 4 2017, 11:59 PM

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QUOTE(David_77 @ Jan 4 2017, 11:52 PM)
Hmmm... different factor now?
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More cons than pros now. Their financials so so only. TNW cannot cover all 4 projects plus their railway project yet they are very ambitious on their order book. Aih idk also la now. Also not many blight for ownstay. Imagine if a project has 80% investors then there will be a blood bath already. Did survey on viva and it's surprising good yield is due to Indian expats who are here for work. Highly professionals. Rivercity are not comparable to Viva despite having rivercity walk Aeon nearby because of its car park flooding issues and Grade C international expats.

But according to the bro who said ytl are planning to build offices here, maybe it's a plus point but not a push factor for me

This post has been edited by mthc: Jan 5 2017, 12:00 AM
mthc
post Jan 5 2017, 12:01 AM

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QUOTE(Iangan @ Jan 4 2017, 11:56 PM)
It is confirmed there will only be entrance C and entrance B, these 2 entrances. Reason being the entrance a and future line 3 fall within ytl land, therefore it has been revised to avoid the encroachment.

However for entrance a, you still need to cross the road, instead of crossing twice, you need only cross once.
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The road to go entrance A is okay. Small road but to Viva entrance is seriously messy.
mthc
post Jan 5 2017, 12:08 AM

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QUOTE(David_77 @ Jan 5 2017, 12:02 AM)
Yup. Too many good points now seems bad points.

Wonder what else?
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I believe the agent did mention to you that a lot of rich Indian invetsors bought in bulk. It wasn't really my concern at first because I thought of renting it cheap to office workers. But big ticket investors have more power over retail investor like myself.

More cons added:
Investor heaven project
Entrance A gone
YTL has no intention to redevelop sentul west
Most importantly, developer has very very weak balance sheet with a very ambitious goal, chewing more than u can swallow

Tangible net worth recorded as at 2015 was only 150mil leh zzzzzz.. this rica sentul is their so called hot project. What about malacca, kinrara and Melbourne? Doubt they are doing as good

This post has been edited by mthc: Jan 5 2017, 12:10 AM
mthc
post Jan 5 2017, 12:13 AM

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QUOTE(David_77 @ Jan 5 2017, 12:11 AM)
What is Investor heaven project?
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Way more ppl purchased for investment than own stay. Sure no tenant control already. And prices will be being thrown like wet market. My humble opinion only. I think I'm gonna pull out. Damn worrying especially after studying the developer financials and track record.
mthc
post Jan 5 2017, 12:21 AM

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QUOTE(David_77 @ Jan 5 2017, 12:17 AM)
Yup. As mentioned, everyone make their own decision.

Thanks for the opinion 😄
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Good luck boss!!!
mthc
post Jan 5 2017, 07:18 AM

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QUOTE(iphonegizmo @ Jan 5 2017, 02:45 AM)
maybe as is under differnt company (wajayat sdn bhd) which claim to be under faberbaru

they have also rica residence in kinara and also melaka
http://www.ricaresidence.com/
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Chill la. Developers use diff names for each project. It's a norm

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