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Investment DAMANSARA FORESTA (V2) [OWNERS' THREAD], A new development near Desa ParkCity

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cheahcw2003
post Oct 23 2015, 09:05 PM

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QUOTE(CMW123 @ Jun 6 2014, 03:19 PM)
Asking rental for the Azelia 3 rooms 1345 sf ranges from RM2800 to RM3200. Can Foresta fetch RM3000 rental after vp??

http://www.iproperty.com.my/property/searc...au=&ns=1&sby=ap
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If fully furnished can get RM3K...
The most liquid rental is RM2-2.5K for 3 bedrooms - 1400sf sector
cheahcw2003
post Oct 23 2015, 11:47 PM

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QUOTE(1282009 @ Oct 23 2015, 11:04 PM)
Which categories of ppl would be the prospect tenants?
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Based on the rule of 30%, i.e. household spend 30% of the income on rent.
In order to pay the rent of RM2500, the household income needed to be RM7500 and more. If the rent is RM3000, the household income needed to be at least RM9-10K.

Logically lower rent attract more prospect tenants. But the landlords need to work out the rent using the monthly instalments + monthly maintenance, so as to get +ve cash flow.
cheahcw2003
post Oct 27 2015, 01:36 PM

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QUOTE(YONGLIN LOW @ Oct 26 2015, 09:58 AM)
i saw this thing in other condo children play area... where is ours?
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You can view the Youtube video, search Damansara Foresta
cheahcw2003
post Oct 27 2015, 04:47 PM

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QUOTE(byorj12 @ Oct 27 2015, 03:51 PM)
This is a good one, it seems/sounds like we will only be able to appreciate the beauty/facility of Foresta Damansara on video..
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artist impressions always have the feel good factors. Must take it with the pinch of salts.
Buying on imgazination, selling on the facts.

Back to the kids' playground. I think L&G has no problem on delivering it.

This post has been edited by cheahcw2003: Oct 27 2015, 04:49 PM
cheahcw2003
post Oct 28 2015, 09:16 PM

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QUOTE(accetera @ Oct 27 2015, 10:21 PM)
I think Phase 2 postponed to mid next year.
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Good decision to postpone it. Market is bad
cheahcw2003
post Nov 4 2015, 10:24 PM

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new sets of pictures released at the facebook
cheahcw2003
post Nov 15 2015, 11:08 AM

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QUOTE(wong8981 @ Nov 15 2015, 08:42 AM)
Wats the earliest date for vp ?
It is possible that dev to vp without facilities to avoid lad.
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very unlikely, they need to keep their image for their subsequent launches.
cheahcw2003
post Nov 15 2015, 05:03 PM

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Let me fan the fire.
Developer is not going to extend the road from 2 to 4 lanes, until the phase 2 is completed as per confirmation from the sales office.
They broke their verbal promise
cheahcw2003
post Nov 15 2015, 08:41 PM

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QUOTE(stevecheahsw @ Nov 15 2015, 08:30 PM)
Blk A & B also VP on Dec2015, because both S&P also Stamping on June 2012.
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Yes, mine also stamped on 28 June 2012
cheahcw2003
post Dec 1 2015, 06:41 PM

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42 months due this month for first batch buyer.
The sales updated me, developer apply for CCC already, pending approval from authority. Approval may come in anytime soon.

All block A-D will be vp together. But block A owners will get the key first, based on the SPA signing dates.
cheahcw2003
post Dec 2 2015, 02:43 PM

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QUOTE(fongozic @ Dec 2 2015, 09:26 AM)
good to hear that ..
can move in before CNY or open party at DF
haha
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You can do the party at the roof top.
user posted image
cheahcw2003
post Dec 2 2015, 02:44 PM

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QUOTE(hbgoh57 @ Dec 2 2015, 01:53 PM)
Meaning to say we will get LAD is they vp in jan?
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1) depending on your SPA signing/ stamping date
2) depending whether the developer willing to pay.
cheahcw2003
post Dec 3 2015, 03:17 PM

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QUOTE(BEANCOUNTER @ Dec 3 2015, 02:47 PM)
like what?

buggy jumping?
hot air balloon launching pad?
secret rendezvous to find fish balls???? tongue.gif
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for helicopter landing.
cheahcw2003
post Dec 10 2015, 03:00 PM

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QUOTE(ooip @ Dec 10 2015, 11:10 AM)
Any insider news for key collection?  drool.gif
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Anytime soon...
submitted for CCC already, waiting for the green lights from the authority.
Then need to wait for your banks release the final drawdown then only can get the key.
It will be batch by batch following the SPA date ( so as to minimize the LAD, if any), so block A expects to get it first.
cheahcw2003
post Dec 10 2015, 06:48 PM

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QUOTE(CMW123 @ Dec 10 2015, 03:43 PM)
The earliest Block A S&P were dated June 2012, right?
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Yes mine was in June 12
cheahcw2003
post Dec 12 2015, 12:35 AM

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QUOTE(ooip @ Dec 11 2015, 02:28 PM)
Does that mean Block B may be getting in Jan 2016?
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Not sure when will it be VPed.
Block B will be after Block A, as developer want to save on the LAD, will release the key batch by bacth according to SPA date
cheahcw2003
post Dec 17 2015, 10:56 PM

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QUOTE(byorj12 @ Dec 17 2015, 09:10 PM)
I guess Foresta Damansara will miss the X'mas then.... Hopefully, it wouldn't miss the CNY deadline...

Btw, cheahcw2003, does it means that technically, L&G will need to start paying you penalty starting 12th Dec 2015? Have  or anyone called up L&G to check?
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Hope the developer can spend more time on paying attetion into details, touch up on defects, and get ready with the common area/ amenities/ car parks. They have time to do that while waiting for Authority's green lights.

As mentioned earlier, it is depends whether the developer willing to pay LAD.


cheahcw2003
post Dec 18 2015, 10:49 AM

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QUOTE(dexk @ Dec 17 2015, 11:37 PM)
I don't understand why you keep saying as though it's a choice by the developer (paying LAD) or you just mean if the developer wants to make it easy or difficult?
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L&G is now controlled by Mayland.
Mayland has the tendency of not paying LAD from their history records, and they don't mind you to take actions on them.
cheahcw2003
post Dec 19 2015, 12:30 PM

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QUOTE(GangHo @ Dec 19 2015, 08:41 AM)
How true is this claim?

Cause it will have bearing for their rating as a developer and lawyer that serves them.

and Housing board should be able to take action on such errant practice.
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From Mayland's records, usually developer form a new company for each development, the SPA is signed in between the newly set up company with the purchasers, so the purchasers can only sue the newly set up company. In the worst scenario, the developer will close down the new company. Nobody can take any action on a company that already close down or bankrupt.

Having said that. For Foresta, it will less likely happens, because the developer still has Phase2,3 and 4 to launch.Project image and reputation is bigger than anything.
cheahcw2003
post Dec 22 2015, 10:14 PM

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QUOTE(KieronTeo @ Dec 22 2015, 04:38 PM)
Hi all. my unit is at block c. i just bought the unit mid of last year. so means if there is delay in VP to early 2016, i won't get any penalty from the developer?
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u r right. standard SPA delivery date should be 42 months from the SPA stamping date, so you will not get the later interest

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