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Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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Jagalat
post Aug 18 2014, 09:16 AM

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Meanwhile, no much difference at BlkH and BlkE sites compared to two weeks ago.....No picture taken
Jagalat
post Aug 18 2014, 02:56 PM

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If you are on the MRR2 from Taman Billion to Connaught, there is a high place right beside the MRR2, having some construction work. The land is being cleared. Guess this is the Uturn flyover.

From far
user posted image

Zoom
user posted image

Jagalat
post Aug 18 2014, 03:02 PM

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Hope there is an exit can lead to SMK Mutiara...and that will finally bring us back to EKC.
Jagalat
post Aug 18 2014, 04:38 PM

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QUOTE(CMW123 @ Aug 18 2014, 05:05 PM)
Residential project is exempted from gst. Commercial project need to pay
*
CMW boss, need your expertise, are the Soho of BlkJ and BlkH which are covered by HDA, considered as residential or commercial?
(understand that sovo / sofo are commercial
https://forum.lowyat.net/topic/2409418/+298)




Jagalat
post Aug 19 2014, 02:12 PM

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QUOTE(soon9913 @ Aug 19 2014, 03:07 PM)
How many lifts at block E? Same as H n J?..
*
4 lifts at BlkE

http://propcafe.net/ekocheras-nanyang-prop...ocke_floorplan/
Jagalat
post Aug 19 2014, 05:39 PM

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http://www.thestar.com.my/News/Nation/2014...MRT-CEO-Resigns
MRT Corp CEO resigns over accident....
Will the delivery schedule be impacted??

This post has been edited by Jagalat: Aug 19 2014, 05:40 PM
Jagalat
post Aug 20 2014, 12:39 PM

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I received a call from my lawyer to ask for Loan stamp duty.They provided a list of items totaled to RM2.7k

Jagalat
post Aug 20 2014, 02:59 PM

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QUOTE(soon9913 @ Aug 20 2014, 02:04 PM)
why keep calling? i thou all legal fees supposed to be absorbed by developer.
*
Yes. Legal fees of both SnP and Loan, are absorbed by developer (if using a panel lawyer).
Stamp duty and/or MOT(this one really "gau") are paid by buyers

This post has been edited by Jagalat: Aug 20 2014, 03:13 PM
Jagalat
post Aug 20 2014, 03:04 PM

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QUOTE(jiu9999 @ Aug 20 2014, 01:46 PM)
haha, suzana chasing everyone to pay legal fees. keep calling also
*
Sounds like I am not alone.
Last Dec, during signing of loan agreement, I asked the lawyer on duty pertaining when to collect the Stamp duty fee.

She said the lawyer firm will call and inform. I guess the time has come for our batch. nod.gif


Jagalat
post Aug 20 2014, 05:21 PM

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QUOTE(CMW123 @ Aug 20 2014, 05:54 PM)
http://www.focusmalaysia.my/Assets/Young-b...n-studios-SoHos
Young buyers not keen on studios, SoHos
By Joseph Wong
Friday, 15 Aug 2014, 12:11 AM
       
While property developers have become more innovative in creating purportedly affordable studio apartments, small office/home offices (SoHos) and other small residential units, first-home buyers or middle-income earners appear to shun such offerings.

Young buyers, it appears, are more discerning than is usually thought, though some put the blame on Bank Negara Malaysia (BNM) and the raising of the real property gains tax (RPGT).

Figures from the National Property Information Centre (Napic) show the number of property transactions has declined since 2012, roughly when developers began pushing for more smaller units.

In fact, last year’s drop of 10.9% (see table) has not been matched since 1998’s massive 32.3% fall due to the 1997 financial crisis. And industry observers expect this year’s sales to be lower too.

“Transaction numbers have dropped because of a tightening in loans [criteria] by the central bank as well as the higher RPGT. These have contributed to more unsold units,” says Malaysia Property Incorporated general manager Veena Loh.

Banks are quick to confirm that many loans that would previously have been accepted are now rejected due to BNM’s stringent new criteria, but they cannot explain why buyers are less inclined towards smaller units even though they can afford them.

“Some loans were given a lower margin of finance, so instead of 90-100%, some loans are 80% and below; and many first-home buyers are unable to come up with funds to cover the difference,” says a loan officer.
*
Another interesting info...
According to Napic, the number of property transactions has declined since 2012, roughly when developers began pushing for more smaller units....

Does this imply over supply in SOHO and smaller units to the market?



Jagalat
post Aug 20 2014, 05:53 PM

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http://www.starproperty.my/index.php/artic...for-dbkl-staff/

Picked from the article:
“So far, 144 units at Warisan City View, Batu 2 ½ Cheras and nine units at Abdullah Hukum Apartment at
Jalan Bangsar will be sold to DBKL staff,” Tengku Adnan said, adding that an additional 630 units
had been identified at PPR Pinggiran Bukit Jalil.
:

The units, which have a build-up area of 750sq m or 770sq m, will be offered at RM140,000 and RM145,000 respectively,
with the market price at RM235,000 and RM239,000.




Just curious....
Nowadays, can we still get (RM235,000 and RM239,000 for 750sq or 770sq) or (RM305psf to RM320psf) in areas like Warisan City View, Batu 2 ½ Cheras, Jalan Bangsar, Pinggiran Bukit Jalil??

If so, mind to share the project? (After telan, leave some bones for me-la) drool.gif drool.gif
[Non-bumi units, non-auction units]

Sorry for the offtrack...

This post has been edited by Jagalat: Aug 20 2014, 06:30 PM
Jagalat
post Aug 20 2014, 09:49 PM

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QUOTE(restful increase @ Aug 20 2014, 10:31 PM)
Block h and j at 762sq ft duplex cant b considered small.
*
They are not small but developer called them SOHO.

Jagalat
post Aug 21 2014, 11:28 AM

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QUOTE(restful increase @ Aug 20 2014, 11:36 PM)
freehold soho linked to mrt easier to flip.
*
QUOTE(syong888 @ Aug 21 2014, 10:15 AM)
Perhaps referring to those SOHO below 500sf, the numbers are coming  hmm.gif
*
Pls don't take me wrong about BlkJ and BlkH ...
I just don't like they are named as SOHO

Jagalat
post Aug 22 2014, 09:46 AM

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Weekend Sidetrack - For those interested...

BNM is not expected to introduce any cooling measure for the coming months...
http://www.propertyguru.com.my/property-ne...cooling-measure

Jagalat
post Aug 22 2014, 11:19 AM

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QUOTE(cheekian83 @ Aug 21 2014, 01:30 AM)
New Launch LakeVille Residence @ Jalan Ipoh, Kuala
Lumpur

:

Developer : Enchanting Heights ( a
subsidiary of Mah Sing Group )
Property Name : LakeVille Residence
Property Type : Serviced-Apartment
Completion Date : 2017 ( estimate )
Title Type : Strata
Land Title Type : Commercial
Tenure : Leasehold
:
*
A review and conclusion by propcafe experts...
http://propcafe.net/lakevilletaman-wahyu-mahsing/


Jagalat
post Aug 22 2014, 02:47 PM

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QUOTE(soon9913 @ Aug 22 2014, 12:54 PM)
bro, are u buying.......................?  tongue.gif
*
Nop...not for this project.



Jagalat
post Aug 22 2014, 02:54 PM

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QUOTE(neonikson1 @ Aug 22 2014, 02:57 PM)
Will the lake be managed?
*
Oppzz... Me have no answer...
You may wanna refer to their forum

https://forum.lowyat.net/topic/2828571

Jagalat
post Aug 24 2014, 04:47 PM

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Weekend sidetrack 2

Random picked points from the article:
- 'Mosquito' type (100-350sqft) properties on the way

- There are 15-20% new properties while 80% are subsale / second hand properties supplied to the market. 80% of the demand are for the new properties. This has caused new property price difficult to reduce

- It is expected there is oversupply of residential properties in apartment and service apartment in coming years. Recommended to avoid buying it.

http://property.sinchew.com.my/node/2675

Jagalat
post Aug 24 2014, 04:50 PM

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QUOTE(soon9913 @ Aug 24 2014, 05:17 PM)
Quite serious as the flood block the whole road .. As u can see the mrt worker standing there
*
"Chee loong yap sui "...
This is what l would like to see how they react to it and review the potential of design pitfalls ...

This post has been edited by Jagalat: Aug 24 2014, 04:52 PM
Jagalat
post Aug 24 2014, 08:05 PM

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QUOTE(soon9913 @ Aug 24 2014, 07:55 PM)
Saw a few cars breakdown due to the flash flood..
*
Yeap cars broken down...
It wasn't that bad lah for EKC
I passed by Jln Mutiara Barat at around 6pm just now.
BlkH and BlkE no flood.
Pond is observed at BlkJ site for it's digging. Expected.
Not that bad.

They shutdown the lanes to Billion roundabout.


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