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 Tropicana Heights @ Kajang , V2

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Brainy_Panda
post Sep 26 2014, 09:02 PM

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QUOTE(Col @ Sep 24 2014, 02:00 PM)
The BU size is slightly bigger than phase 1 DSL, not confirm yet according to SA, the clusters is 1 mil + onward
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The Phrase 1 double sty too small for this area- semenyih. 3 sty is more decent.
Brainy_Panda
post Sep 30 2014, 01:43 PM

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QUOTE(7inchlonger @ Sep 24 2014, 09:48 AM)
I think I saw you coming in around 6:30pm. smile.gif

Nice photos.  rclxms.gif

The preview of Phase 2 is coming very soon. Stay tune!
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Nice Pics, how's the sales so far? corner and end lots are still available?
Brainy_Panda
post Oct 4 2014, 07:16 PM

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22x75 is a good buy for 2nd phase. 8xxk entry level at phase 1 will have a challenging time if they are speculators.
Brainy_Panda
post Oct 7 2014, 04:24 PM

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QUOTE(Ero-Sennin @ Oct 6 2014, 09:53 PM)
Kinda miss him actually. Wonder how is he doing at other development thread...hehe
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No matter how those who bought at 821k (land 20x70 BU: 2135) with 5% & 8k package still "RUGI" if compared to the new double story link if the price is set au 850K.


Brainy_Panda
post Oct 7 2014, 05:10 PM

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QUOTE(Chris Chew @ Oct 7 2014, 06:57 PM)
Sorry, actually how u guys compensate the word of rugi in this case if Phase 2 is Strata title landed and only RM 30-50k increased? Its not decreased anyway.

Did u guys check the actual location of Phase 2 vs Phase 1 and price versa built up on both? Though the 22x70 built up is small at 2135 sf, but what is the built up for Phase 2?

If everything is merely a word from SA but not tabled properly on black & white or photo of masterplan whih without future link house, then it would be tough to sought an explanation from Tropicana.
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Agree to the fact this is a tough case to the double story buyers as the only argument is "as per SA". For those who are not flippers are OK, if they are, this could be a lesson, perhaps.

Some hypothetical data IF it's correct:-

P 1:
Land : 1540 BU: 2135 Price : 821k before package. some small saving on the duties la

P 2:
Land : 1650 BU: 2202 Price: "IF" 850k before package. If price at 900k so everyone may happy but not the developer they could serve more interest if the take up rate is slow.

Brainy_Panda
post Oct 7 2014, 05:14 PM

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QUOTE(cfa28 @ Oct 7 2014, 07:10 PM)
Ask yourself this question.  If you were told that had Phase 2 will be a true G&G Project, under Strata and 22 * 75 and assuming same build-up but selling at just RM50K more, would u have waited or proceeded with Phase 1.

I would have waited for sure and perhaps I would have even agreed to pre-book by giving RM10K on the spot.

But I was told it was only Cluster Homes, Semi-D which I am not keen on.

Now, we talk about Capital Value.

Everyone hopes that the Capital Value of their Homes will increase and How developers do is by pricing every subsequent launch at a reasonable premium to the previous launch.

So, what is reasonable and expected? 

< 5% is a total waste of time and is as good as negative return since real inflation is about say 5% to 6% and Interest Rate is also at around 5%

5% to 10% - After less out Inflation / Interest rate, the net returns is only similar to FD.  Might as well put in FD which does not have any risk at all

10% to 15% - this is the min expected premium that the market demands

15% to 20% - good news for early birds

Now, its Tropicana Fault for launching Phase 2 so soon to Phase 1. They should have launched in 2016 when VP for Phase 1 is around the corner. Thus a premium of 15% to 20% is deemed reasonable

But since they launch so close, the Phase 1 buyers will still expect a premium of between 10% to 15%

So Phase 2 22 * 75 should cost RM820K * 1.15 = RM943K + additional RM50K for the 5 feet of Land = RM993K before rebates.

Then buyers of Phase 1 can be considere as Tak Rugi but we were still mislead and there should be some form of compensation for that.
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they cannot tahan the interest de. The 1st 30% progress payment go straight to the bank to release the land charge.

Brainy_Panda
post Oct 8 2014, 08:25 AM

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QUOTE(Col @ Oct 8 2014, 02:42 AM)
Strata and individuals title also appreciate if the product is good, I personally prefer strata coz the maintenance of road and landscape will be well taken care as everyone compulsory to pay the fees. I am staying a so call F n G community and desperately look for volunteers to collect fees and shortage of fund due to 25% of owners dun pay until almost stop engage guard coz whoever pay feel not fair, nobody take care of road and trees and common facilities. All kind of people in this world and they have 1000 excuses not to pay the security fees even a 100 ringgit monthly. Not to say individual title is not good but prefer strata landed if both product located at the same place like tropicana height phase 1 & 2
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Trop got everyone to sign a supplementary agreement upfront on the F&G .

Brainy_Panda
post Oct 8 2014, 11:24 AM

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QUOTE(twincharger07 @ Oct 8 2014, 12:58 PM)
I think there is too much assumption here.. y not let the dust settle down and see what is the next course of action..
just chill and enjoy the day first
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also speculating the 2nd P could be nearer to the HTC. So give and take la...

Brainy_Panda
post Oct 8 2014, 01:36 PM

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QUOTE(cfa28 @ Oct 8 2014, 03:33 PM)
Bro, the 481 includes the 3-storey Cluster Units?
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3 sty cluster only 140 units i guess.
Brainy_Panda
post Oct 8 2014, 01:38 PM

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QUOTE(Chris Chew @ Oct 8 2014, 03:36 PM)
Ohh, means Phase 2 is 66% more than number of units in Phase 1.

Then Phase 1 is quite exclusive with only 289 units to ensure quality neighbourhood.
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totally agree. more importantly is the occupancy rate. no point get in all the flippers.

Brainy_Panda
post Oct 8 2014, 02:41 PM

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What's the prop prices surrounding that area - K2, N92??? with similar or close to Trop land size & BU?
Brainy_Panda
post Oct 8 2014, 04:24 PM

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QUOTE(doomdoom @ Oct 8 2014, 06:22 PM)
like i said, they just built then after complete, hand over and wash hand...

the only developer that i saw still take good care on their projects are sp setia and sunrise...

setia alam is almost mature and actually handover to local authority to take care on the public places but sp setia still put effort to beautify all the landscape at public area...

sunrise mont kiara...is under DBKL attention..but sunrise still provide security service...beautify the landscape at roadside...

MKH... whistling.gif
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ohh no! Also the nice komuter hub???
Brainy_Panda
post Oct 8 2014, 06:54 PM

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Indicative price:-
Price RM835,800
5% +RM8k
22'x75' 2202 sqft
Free SPA and loan agreement.
Brainy_Panda
post Oct 8 2014, 07:51 PM

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QUOTE(hello-hello92 @ Oct 8 2014, 08:58 PM)
New phased?
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Ya. p2 very cramped.
Brainy_Panda
post Oct 8 2014, 07:53 PM

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QUOTE(Brainy_Panda @ Oct 8 2014, 09:51 PM)
Ya. p2 very cramped.
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Congrats to P1 3 sty buyer tongue.gif
Brainy_Panda
post Oct 8 2014, 08:48 PM

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QUOTE(cfa28 @ Oct 8 2014, 10:21 PM)
If this is the average prices, then phase 1 DSL ARE REALLY FORKED by Tropicana.

Bigger by 110 square feet with full G&G at only RM15K higher and free loan legal fees, it's even cheaper.

Those who have not send your details for the letter, please do so ASAP
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Plus additional 5' land
Brainy_Panda
post Oct 8 2014, 11:26 PM

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QUOTE(LCL01 @ Oct 9 2014, 12:41 AM)
I think the impact to the late buyer in phase one is bigger. Early bird bought the dsl with family area (2170sf) with only 780k before discount. Where got kaput?
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Tot the entry level is 740k before package for the busy front rows.
Brainy_Panda
post Oct 8 2014, 11:45 PM

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QUOTE(twincharger07 @ Oct 9 2014, 01:39 AM)
LCL01 adi mentioned "with family area"
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What is that means??? What is the diff if "without".
Brainy_Panda
post Oct 9 2014, 12:13 AM

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QUOTE(twincharger07 @ Oct 9 2014, 01:52 AM)
with -> 780k
without -> 740k
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How about 3 sty? What's the lowest.
Brainy_Panda
post Oct 9 2014, 10:32 AM

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QUOTE(Chris Chew @ Oct 9 2014, 11:40 AM)
From what I heard,

2s terrace is RM 855k onwards.

3s cluster is RM 1.3m onwards.

I could be wrong though.

If 2s is really RM 855k and really disc 5% + 8k, I believe, quite a good entry and good buy.
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Correct, net price probably less than 800k only as the loan agreement is absorbed. However, pls go have a look at the site plan 1st. It may not be a nice catch as near to HTC. Also this launch could be only less than 200 units, so where is the remaining ??? Many smart alexs in the developer to plan the pricing strategy as too many competitors in the market. Nowadays no more easy money!!!!! ( for flippers )..

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