Another 10 pictures....


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Last 3 pictures...


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Looks like there's very good progress on the site.

yeah...I think 2017 will be completed based on current progress and work efficiency...

thank you kelvin~
the progress faster than expected

Slower is better la.....slow job out thin goods

good sharing

This post has been edited by nexona88: Jul 19 2015, 08:54 PM

Any sales agents for this project, please do PM me with more details. Thanks!

congrats those who bought it during ballot day,
because the price now for D1 is around 541000 - 560000 (before 10% discount).

one more thing, from D1 is unable to cross the road to plaza by walking because that one is the main road.

wah... sound promising

slowly until 2019 i also ok .. not in hurry now .. get the penalty for additional income

RM500k nett for the condo is really overpriced, in today's market. At that price, to break even on a monthly basis, rental would be about RM2.7k (cover loan and also condo maintenance fees). I can't help but to highlight that the unit can fit 5 people, the most. 960 sqft ain't too big and I'm staying in a unit of the same size right now.

The breakdown of the RM2.7k would most probably be RM1k+RM900+RM800.

A good 50% of the supply will be aim towards students, especially those from UKM. RM450/person for twin sharing? That's obscene, given the fact that 90% of students at local uni's are on study loans (PTPTN). RM800 for a single room? That's like the rate of what private uni students would be willing to work out, but certainly not UKM students.

Best part is, the rates above are for bare units and have yet to take into account the electricity and water bills. Assuming if it is semi-furnished, that will be an addition of at least RM100 to the total amount.

My entry price is mid RM300k, and that also I still am not too confident of breaking even.
Hope the purchasers of these final blocks have the holding power to do so.

At this moment....MYR depreciate gao gao....high price ensure project will not on hold as construction cost.increase might slash developer.margin....
So project will on hold if developer found the margin is nt acceptable....first time i c high price gt advantages

This post has been edited by BumHunter: Aug 15 2015, 09:57 AM

Your own theory? Seems to be rather flawed and illogical, to say that it has advantages. Sounds like a Ahmad Maslan statement to me. No offence.

If low price condo....wen the cost increase during construction n developer margin affected....they might on hold project if they make loses.....if they stil got margin....then they will finished it

Not sure if you were really familiar with trading business, especially construction. For the contractor to supply material to main con, the quotation is always has a lock in period stated within how long the period the material supply will maintain at certain cost. Nowadays 1 single project will segregate into difference phase and the later one always sell at higher price per square feet. However when the main con is seeking quotation of raw material, the quotation will always lock for certain period or lock in per phase. Any cost changes of the raw material the supplier cannot charge to the main con, they have to absorb the hike. At best the supplier can do is revise the quotation for next phase, but they have to take the risk that they may not get the letter of award from the main con to get the deal because of intense competition.

However in perspective of developer, the new phase price always increase 10% or above but the revise material cost was increase maybe less than 5% or sometimes no increase of material cost. In fact it is not often happen increase of raw material cost. Most of the raw materials are from local market rather than import, if it were import the raw material may has to increase due to currency issue or duty. Developer or agency like to use the excuse the price increase because of raw material cost increase, it come be true but chances is low.

For those developers on hold the project and eventually went bankruptcy, these kind of developers likely has financial problem due to "rolling", never because of the material cost. The word of rolling applied not only in property but also in most of the sector. 1st developer gather a small capital (partially from bank loan) start up a small scale of development, after the 1st project sold about 30%, they will pay to the bank and at the same time asking for another loan with higher amount. After the 2nd project launch and sold about 30%, by that time the 1st project may likely sold about 50%, the developer will start paying to their supplier (supplier always give term to developer, that's industry practice). The 2nd project can be started few months after the 1st project launch, so that they can seek the fund from 2nd project to fund to the 1st project. And the developer will keep going this process started the 3rd, 4th and more projects, by that time the money is rolling bigger and bigger, of course the debt also become higher and higher. Always take note many developers will setup new company for their new projects, if 1 project got problem they can shut down or declare bankruptcy (sdn bhd business entity, director worry free).

So when 1 project got issue, maybe due to low purchase rate, land problem etc, and cause the progress become delayed, the developer will evaluate whether to continue the project or how. Delay handover will cause the developer pay the penalty to the purchaser meanwhile it will stuck the "rolling" process. Some big player may still go ahead complete the project with many unsold units, this action need a lot of funding and it takes the other projects' money to cover this problematic project. So for some small scale developers will lack of funding they will declare bankruptcy right away.

This is my own opinion, not to offence to anyone.

good read.
thanks for sharing your opinion

Any update on the progress of construction activities @ site?

Good information sharing....then i hope those supplier will nt go into bangkrupcy then.

This post has been edited by BumHunter: Aug 16 2015, 01:43 PM

Hi All,


Below are the latest available unit.
Anyone would like to grab one unit of this project or want to know more about this project may contact me (016-2773077 / frankkew89@gmail.com ) for more detail or info.

Best Regards,

Frank Kew



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