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 Tropicana Heights @ Kajang , V2

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cfa28
post Dec 5 2014, 07:36 AM

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QUOTE(LCL01 @ Dec 4 2014, 11:25 PM)
Omg, how come mine one still 10% only?
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Suggest that u check with TH. Unlike it's only at for foundation stage, perhaps did not reach you, your bank make drawdown and never send statement for progress interest.

Who is your banker again.
cfa28
post Dec 5 2014, 09:54 AM

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QUOTE(beancountz @ Dec 5 2014, 09:40 AM)
bro, did your banker bill u progressive interest already? last i rmb, you mentioned that they havent even thou they have released the payment.
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Stupid Cina India Melayu Bank did not send me any letter on progressive interest but luckily I already put in money into my current account and they have been credited interest from my current account.

Imagine if I had no money, straight away default.

Going to lodge official complaint on this.
cfa28
post Dec 6 2014, 08:28 AM

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1st row released for sales should have faster completion as 24 mths to complete from date of SPA starts earlier
cfa28
post Dec 8 2014, 11:47 AM

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Sand bricks also has certain advantages over clay bricks, depending on which factor you wanna focus on

http://construction.about.com/od/Masonry/a...ricks-Types.htm


cfa28
post Dec 8 2014, 04:03 PM

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QUOTE(PeriPeri2014 @ Dec 8 2014, 04:01 PM)
U r so kind sharing ur experience with us. Ty smile.gif
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I thought you were an expert when it comes to br1cks.

Can u give any advantage of sand bricks vs clay bricks in POV of the owner?

For developer of course, its cost.
cfa28
post Dec 9 2014, 09:21 AM

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QUOTE(PeriPeri2014 @ Dec 8 2014, 08:51 PM)
I dont kno any about the bricks......i oni kno bricks is use 4 build house smile.gif
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I thought you said that you were Main Con to SP Setia and now a Developer yourself?
cfa28
post Dec 9 2014, 03:18 PM

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QUOTE(PeriPeri2014 @ Dec 9 2014, 03:12 PM)
Zzzz.......i whr got so pro??? I oni TCSS. I think u misunderstanding me liao smile.gif

Salah org liao la brader smile.gif
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sorry, must be the other peri2. Its very confusing, your user name and avatar also similar.


cfa28
post Dec 9 2014, 04:11 PM

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QUOTE(BEANCOUNTER @ Dec 9 2014, 04:06 PM)
I feel for you LCL01....paying so much at the end you got a sand bricks home....
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As a buyer of TH, I am also disappointed with the Sand Bricks issue thingy.

Of course, I prefer TH to only use clay bricks but it was not stated so in the SPA.

So, what to do - buy already.
cfa28
post Dec 9 2014, 04:14 PM

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QUOTE(LCL01 @ Dec 9 2014, 04:12 PM)
Thanks for your kind soul bro. I will buy u dinner after the TH price touch RM1M in near future!
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Est in 2018, after MRT is completed and rest of Master Plan is delivered
cfa28
post Dec 9 2014, 04:22 PM

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QUOTE(PeriPeri2014 @ Dec 9 2014, 04:16 PM)
ppl not care wat bricks they using.....ppl more concern about price/location/GnG etc.....

seldom ppl ask the bricks.....zzzz

but ah bean kor very kind share this infor with me. Ty
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Now, if I was buying a Bungalow and I saw that the Developer was using Sand Bricks, would I still buy.

The answer is

YES - if the Location is damn good like OKR, KD, etc

NO - if its in Mantin like MKH (based on gtfan feedback)

Now, for TH, would I still would have bought - the answer is YES, cos I like the concept

But needless to say, TH should have used only clay bricks instead of mixing but perhaps, their Land Cost is high.

But if 7inch is here, perhaps he can share the buyers feedback with his Management.

This could be one reason why sales is slow for Phase 2.
cfa28
post Dec 9 2014, 04:33 PM

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QUOTE(PeriPeri2014 @ Dec 9 2014, 04:27 PM)
come on, phase 2 slow bcos of bricks?? I dont think soooo....
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Reasons for slow sales for Phase 2

1) EM, SEH, other projects in Semenyih stole sales - 30%
2) Economy slowing down, buyers more cautions - 20%
3) No support from Phase 1 buyers - 20%
4) Cannot accept gateless concept - 20%
5) Sand Bricks not nice - 10%

Edited to add no like Gateless concept

This post has been edited by cfa28: Dec 9 2014, 04:53 PM
cfa28
post Dec 9 2014, 05:26 PM

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true, in normal circumstances, earlier buyers who can afford it will also want to buy an additional unit. Just like how GVH play their radio commercial.

But cos TH promised that Phase 1 was supposed to be the ONLY link homes, most Phase 1 buyers like myself feel that we have been mislead.

Don't get me wrong, its still a good project but the SA should have said that they were not sure / Management have not decided yet what subsequent phases will be.

So, for Phase 1 buyers, kita tunggu dan lihat
cfa28
post Dec 9 2014, 06:13 PM

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QUOTE(LCL01 @ Dec 9 2014, 06:02 PM)
the price is an issue as well. 820k in kajang. not everyone can see its value now.
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yeah but back in CNY 2014, it was BBB

Just 9-mths down the road, some buyers are more cautious
cfa28
post Dec 10 2014, 08:14 AM

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QUOTE(rainman19 @ Dec 9 2014, 09:40 PM)
dono la, bird bird gor
hmm.gif
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Are u sure the show units for Phase 2 is ready for viewing.

When I was there 2 mth ago, was told construction just started
and would take abt 6 mths, est in February or March 2015
cfa28
post Dec 10 2014, 11:18 AM

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QUOTE(gtfan @ Dec 10 2014, 11:15 AM)
SP Setia ecohill ds link uses a mix of clay and sand bricks. For their semi d, from the pic, they are using clay bricks for whole house.

I believe part of the reason why TH uses sand bricks is due to high land cost and they need to maintain a fat margin.

According to friend who works as QS, most developer have a margin of easily > 100% for each house sold plus land cost.
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The famous saying is that when Property Developers say that their Margins in only 25%, its either they have a VERY GOOD CFO or a VERY BAD CEO

I told this to the CFO of a Property Developer many years and he laughed like hell.
cfa28
post Dec 10 2014, 11:55 AM

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QUOTE(Palmwalker001 @ Dec 10 2014, 11:49 AM)
I think won't be so high, according to latest quarterly report, Cumulative Gross Profit QE 30/9/14 for Tropicana about 38%, Profit before tax margin around 20%.

http://www.bursamalaysia.com/market/listed...cements/1808697
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That one is reported profit. There is a real profit less 'audited expenses'
cfa28
post Dec 10 2014, 12:06 PM

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QUOTE(Palmwalker001 @ Dec 10 2014, 12:02 PM)
Unless proven guilty, they are still innocence, we should not prejudge based on assumption.

I believe Tropicana as a reputable developers won't cheat on this.
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there are so many contractors and sub contractors for every project.

So many materials are bought but no one can say for sure if the material actually reaches the site or is ever used

This is how Property companies make money

But of course innocent until proven guilty

Enron

Transmile

Silver Bird ala High 5


cfa28
post Dec 10 2014, 12:11 PM

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QUOTE(gtfan @ Dec 10 2014, 12:08 PM)
Audited report is more of a group profit after tax.

Eg. i sell a bottle of drink to cold storage for rm2.50. cold storage will sell it at rm6.90. So indirectly, cold storage have a margin of 276% (You will be surprised how big this supermarket is squeezing the distributors and they get the fat margin). That doesn't mean cold storage final report make 276%.

Another eg. i spoke to kueen Lai subcon worker, they told me the cost to build each house in Tiara east doesn't even exceed rm180k. I am not sure how much the land costs. The developer sold the house at rm585k. So, even after minus rebate etc, selling price at rm528k, go calculate their gross margin smile.gif
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Hypermarkets are no longer in the business of selling goods but are in the business of renting shelves.

Many cases of local SME on how TESCO, G1ANT, etc bully them

The old days was

1) Supplier send Goods to Hypermarket
2) Hypermarket pay Cash or using Credit Terms

today

1) Supplier pay Hypermarket to place goods on shelves first
2) Then Hypermarket pay based on Credit Terms

QUOTE(PeriPeri2014 @ Dec 10 2014, 12:09 PM)
I tot those report always is fake?? Perhaps i always see too much tvb drama.....zzzz
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Not fake but not correct

Only True and Fair - that also is open to different interpretation on what is True & Fair



This post has been edited by cfa28: Dec 10 2014, 12:12 PM
cfa28
post Dec 10 2014, 12:24 PM

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QUOTE(coldman86 @ Dec 10 2014, 12:21 PM)
Just a add on point on this argument. TROPICANA this year hv taken they ISO cert. So at least the house is still up to certain standard. Please dont take those Kuen lai to compare with tropicana. Hahaha This is a joke comparing.
Go check the Kuen Lai condo. that handover this year. If i rmb is call tiara parkhome. The owner at there cry like hell.......
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what is the buyer major complaint?

Of course Tropicana has better branding, track record, etc

That's why I said Tiara South is too expensive, selling almost same price as TH 3-storey before rebates
cfa28
post Dec 10 2014, 12:28 PM

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QUOTE(PeriPeri2014 @ Dec 10 2014, 12:26 PM)
Tiara South under who??
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Kueen Lai, same developer as Tiara Parkhomes and Tiara East

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