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 EcoMajestic @ Semenyih (VERSION 7), ~Lets Continue Partyfor MerryDale~

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SUSNew Klang
post Mar 16 2015, 12:27 PM

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QUOTE(dtags @ Mar 16 2015, 11:45 AM)
Chris, good sharing. No regret of buying Tenderfield.  Is a long term investment.   rclxms.gif
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Agree.

Few reasons why I am putting more effort here.

I get lots of questions from friends why I invested here.

Eco Majestic has a new concept and located in a quiet town not far from the capital.

This concept is new here and the existing ways I am using to evaluate property needs some innovation.

There are answers like what Chris provided but I think I want to do more.




This post has been edited by New Klang: Mar 16 2015, 01:33 PM
samkps
post Mar 16 2015, 12:44 PM

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QUOTE(HL2712 @ Mar 16 2015, 11:29 AM)
Hi guys,

I understand that the loji rawatan air semenyih is just ~200m away from Eco Majestic. But somehow couldn't google the exact location of the site.

How is the operating condition of the loji and presumably it's a sewage treatment plant?
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???

Are you sure? Sungai Semenyih Water Treatment plant is in Putrajaya, not in Semenyih woh..

https://www.google.com.my/maps/place/Sungai...5ed1487cbe94deb


samkps
post Mar 16 2015, 12:54 PM

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QUOTE(Chris Chew @ Mar 14 2015, 11:26 PM)
Sorry bro, I use iPhone to reply thus kenot give 100% notes.

For the entire township
- 1089 acres, a huge and new township with eco and modern branding with majestic feel ( first in whole Msia being a stratified G&G area )
- a township which inclusive commercials of 150-170 acres ( unsure abt actual size but ard there ) and
- with potential mall as well as schools on the pipeline
- surround by EcoHill and EcoHill 2, both upcoming new township and benefits each other
- ironically, both SPS had their track record into developing township and EW being the ex management team developed the successful Setia Alam
- first ever township able to sold over 1200 houses and vacant bungalow lots in a year time since 2014
- the number leads to being one of the major township with potential of faster developing in a shorter period
- the commercial had kicked in and it gonna completed earlier than all the residential precincts of Cradleton, Tenderfields and Merrydale

Price, Proven and People
- of the location and surrounding with similar concept of Eco Branding, Eco Hill managed to sold out their 1000 houses in late 2013 and progressively doing well in 2014 ( ppl accepted the price )
- on the better specs and higher cost, EM's Cradleton was 95% sold in a day, Tenderfields doing great and left not many while Merrydale, the current precinct also doing well in such short period after sold 1000 units of landed.
- Cradleton 22x75, sold very well from RM 750k onwards and only those units near surau, junction and school was moving slow. For 20x70 and 22x70, the hundreds were not even enough to sell for the people and its started to be proven
- With Merrydale is probably going to be last same concept of terrace houses with Cradleton ( future terrace gonna tipped to be diff concept and excited ) , 22x75 at RM 840k, its fair to justify the price psf vs above transacted price and numbers at minimal increment.

However, above is only my exception and may vary from other people perception as I have long term view on EM.
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Good review Chris gor.. rclxms.gif rclxms.gif

Just a little correction, if including the vacant bungalow lot, Ecohill has sold more than 1200 units as well. rclxms.gif rclxms.gif

Most importantly, EcoMajestic is the first landed project of EW in KV.. If this project is a failure, there will be no hope for EcoSantuary and the subsequent projects of EM in KV anymore.. No matter how, EW will put in 110% effort / money / time to EcoMajestic to make sure it is a great success. Otherwise, it will be an ending of the legends of Tan Sri in the property development in Malaysia.

tengster
post Mar 16 2015, 01:30 PM

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QUOTE(samkps @ Mar 16 2015, 12:44 PM)
???

Are you sure? Sungai Semenyih Water Treatment plant is in Putrajaya, not in Semenyih woh..

https://www.google.com.my/maps/place/Sungai...5ed1487cbe94deb
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I can confirm this fact. The WTP is located in Putrajaya. I have been there 4-5 times.

Only the dam is located in Semenyih.... About 4-5 km from Nirvana....very far from EM.
tengster
post Mar 16 2015, 09:54 PM

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QUOTE(New Klang @ Mar 16 2015, 12:27 PM)
Agree.

Few reasons why I am putting more effort here.

I get lots of questions from friends why I invested here.

Eco Majestic has a new concept and located in a quiet town not far from the capital.

This concept is new here and the existing ways I am using to evaluate property needs some innovation.

There are answers like what Chris provided but I think I want to do more.
*
Do more of what?
HL2712
post Mar 17 2015, 10:41 AM

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QUOTE(tengster @ Mar 16 2015, 01:30 PM)
I can confirm this fact. The WTP is located in Putrajaya. I have been there 4-5 times.

Only the dam is located in Semenyih.... About 4-5 km from Nirvana....very far from EM.
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thanks Tengstar and Sam for clarifying.
cheahjn
post Mar 17 2015, 11:03 AM

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Dear forumers.
Can someone hook me up with someone in the HQ Finance of Ecoworld? I have some dispute over credit card charges for downpayment installment.
I bought a Merrydale in Dec, signed a credit card transaction slip for the downpayment and opt for 36 months installment. So the first installment started in Jan. In Feb, the second installment charged. Somehow some time someone in ecoworld charged another installment onto my credit card without my knowledge. So now there's 2 installment of the same downpayment running parallel. This was before CNY. Dealt with the sales admin in ecomajestic, guess what i found on mar? no reversal (of which ecomajestic sales admin said the finance HQ will do), a full amount of the downpayment got whacked into my credit card now. I'm like wt*
I really need to speak to HQ Finance. Not these sales guys on the ground. Cos they only passing messages. And keep charging my invisible credit card.
Thanks in advanced if anyone can help.
tengster
post Mar 17 2015, 12:28 PM

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QUOTE(cheahjn @ Mar 17 2015, 11:03 AM)
Dear forumers.
Can someone hook me up with someone in the HQ Finance of Ecoworld? I have some dispute over credit card charges for downpayment installment.
I bought a Merrydale in Dec, signed a credit card transaction slip for the downpayment and opt for 36 months installment. So the first installment started in Jan. In Feb, the second installment charged. Somehow some time someone in ecoworld charged another installment onto my credit card without my knowledge. So now there's 2 installment of the same downpayment running parallel. This was before CNY. Dealt with the sales admin in ecomajestic, guess what i found on mar? no reversal (of which ecomajestic sales admin said the finance HQ will do), a full amount of the downpayment got whacked into my credit card now. I'm like wt*
I really need to speak to HQ Finance. Not these sales guys on the ground. Cos they only passing messages. And keep charging my invisible credit card.
Thanks in advanced if anyone can help.
*
One of the way is to check with cc issuance bank.

Or call ecoworld to ask for finance people.
ckl1998
post Mar 17 2015, 12:50 PM

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Hi, guys, anyone take up the CIMB flexi? Need some clarification here as it sound pretty weird for me. It is about the monthly repayment. I was told by the bank officer that if I dump in extra fund, I can either to continue paying the same amount of monthly repayment or I can opt to pay a reduced monthly repayment. Never heard that one can pay a reduced monthly repayment, hence want to clarify this, is it that flexi?

This post has been edited by ckl1998: Mar 17 2015, 12:50 PM
Jasoncat
post Mar 17 2015, 01:22 PM

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QUOTE(cheahjn @ Mar 17 2015, 11:03 AM)
Dear forumers.
Can someone hook me up with someone in the HQ Finance of Ecoworld? I have some dispute over credit card charges for downpayment installment.
I bought a Merrydale in Dec, signed a credit card transaction slip for the downpayment and opt for 36 months installment. So the first installment started in Jan. In Feb, the second installment charged. Somehow some time someone in ecoworld charged another installment onto my credit card without my knowledge. So now there's 2 installment of the same downpayment running parallel. This was before CNY. Dealt with the sales admin in ecomajestic, guess what i found on mar? no reversal (of which ecomajestic sales admin said the finance HQ will do), a full amount of the downpayment got whacked into my credit card now. I'm like wt*
I really need to speak to HQ Finance. Not these sales guys on the ground. Cos they only passing messages. And keep charging my invisible credit card.
Thanks in advanced if anyone can help.
*
I suggest that you call up EcoWorld and ask them to direct you to the finance or relevant department - they are kind enough to assist based on my experience (for other matters). After talking over the phone then follow by an email for record purpose.
Jasoncat
post Mar 17 2015, 01:27 PM

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QUOTE(ckl1998 @ Mar 17 2015, 12:50 PM)
Hi, guys, anyone take up the CIMB flexi? Need some clarification here as it sound pretty weird for me. It is about the monthly repayment. I was told by the bank officer that if I dump in extra fund, I can either to continue paying the same amount of monthly repayment or I can opt to pay a reduced monthly repayment. Never heard that one can pay a reduced monthly repayment, hence want to clarify this, is it that flexi?
*
Mine one is not CIMB. But based on what you describe, I believe what the bank officer said is that if your account have enough excess funds, then you need not make the full instalment as it will be auto debited from the excess payment account (likely is a current account).
samkps
post Mar 17 2015, 01:40 PM

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QUOTE(cheahjn @ Mar 17 2015, 11:03 AM)
Dear forumers.
Can someone hook me up with someone in the HQ Finance of Ecoworld? I have some dispute over credit card charges for downpayment installment.
I bought a Merrydale in Dec, signed a credit card transaction slip for the downpayment and opt for 36 months installment. So the first installment started in Jan. In Feb, the second installment charged. Somehow some time someone in ecoworld charged another installment onto my credit card without my knowledge. So now there's 2 installment of the same downpayment running parallel. This was before CNY. Dealt with the sales admin in ecomajestic, guess what i found on mar? no reversal (of which ecomajestic sales admin said the finance HQ will do), a full amount of the downpayment got whacked into my credit card now. I'm like wt*
I really need to speak to HQ Finance. Not these sales guys on the ground. Cos they only passing messages. And keep charging my invisible credit card.
Thanks in advanced if anyone can help.
*
Phone EM and insist want to talk to Yvonne on this matter. Problem should be solved in short time.. tongue.gif tongue.gif
samkps
post Mar 17 2015, 02:58 PM

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QUOTE(ckl1998 @ Mar 17 2015, 12:50 PM)
Hi, guys, anyone take up the CIMB flexi? Need some clarification here as it sound pretty weird for me. It is about the monthly repayment. I was told by the bank officer that if I dump in extra fund, I can either to continue paying the same amount of monthly repayment or I can opt to pay a reduced monthly repayment. Never heard that one can pay a reduced monthly repayment, hence want to clarify this, is it that flexi?
*
hehehe... I am using CIMB flexi.. If you have extra fund in the account, reduced monthly payment of course no problem, even you don't want to pay monthly also no problem. brows.gif brows.gif

Example:

You need to pay RM 1500 per month for the installment.

Scenario 1 - No need pay monthly at all:
On Jan 1, you bank in RM 18k + RM 120 into your flexi account. That's mean your account now have extra fund that is sufficient to support 1 year installment. So, even you are not paying for Feb, March, April till December also no problem at all.

RM 120 here is referring to the monthly RM 10 charges.

Scenario 2 - Reduced monthly payment
On Jan 1, you bank in RM 1,800 + RM 10 into your flexi account. That's mean your account now have extra fund RM 300.

On Feb 1, if you choose to pay RM 1,500 - No problem (continue pay same amount, save more interest)
On Feb 1, if you choose to pay RM 1,200 + RM 10 - No problem as well (paying a reduced amount), coz the remaining RM 300, it will take the money from the excess fund you deposit in previous month.

That's the "beauty" of flexi account. rclxms.gif rclxms.gif

This post has been edited by samkps: Mar 17 2015, 02:59 PM
SUSNew Klang
post Mar 17 2015, 03:26 PM

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QUOTE(tengster @ Mar 16 2015, 09:54 PM)
Do more of what?
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In summary, a few short words.

There are so much we can afford ourselves with options and choices of what are our next moves.

There are information gathered that needs to be evaluated and verified. Older information may need to be updated based on latest environmental changes and policies.

By in possession of a strong basis, our investment can be measured over time.



This post has been edited by New Klang: Mar 17 2015, 03:37 PM
samkps
post Mar 17 2015, 03:38 PM

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QUOTE(HL2712 @ Mar 17 2015, 10:41 AM)
thanks Tengstar and Sam for clarifying.
*
Welcome, sharing is caring..

I think the sewage treatment plant that you refer (~200m) should be the one built by the EM themselve. That plot is near to west of Cradleton and north of Merrydale..

This post has been edited by samkps: Mar 17 2015, 03:38 PM
tengster
post Mar 17 2015, 05:08 PM

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QUOTE(New Klang @ Mar 17 2015, 03:26 PM)
In summary, a few short words.

There are so much we can afford ourselves with options and choices of what are our next moves.

There are information gathered that needs to be evaluated and verified. Older information may need to be updated based on latest environmental changes and policies.

By in possession of a strong basis, our investment can be measured over time.
*
Two thumbs UP. You surely a prudent investor.

thumbup.gif
Majesticman
post Mar 17 2015, 05:35 PM

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QUOTE(samkps @ Mar 17 2015, 02:58 PM)
hehehe... I am using CIMB flexi.. If you have extra fund in the account, reduced monthly payment of course no problem, even you don't want to pay monthly also no problem. brows.gif  brows.gif

Example:

You need to pay RM 1500 per month for the installment.

Scenario 1 - No need pay monthly at all:
On Jan 1, you bank in RM 18k + RM 120 into your flexi account. That's mean your account now have extra fund that is sufficient to support 1 year installment. So, even you are not paying for Feb, March, April till December also no problem at all.

RM 120 here is referring to the monthly RM 10 charges.

Scenario 2 - Reduced monthly payment
On Jan 1, you bank in RM 1,800 + RM 10 into your flexi account. That's mean your account now have extra fund RM 300.

On Feb 1, if you choose to pay RM 1,500 - No problem (continue pay same amount, save more interest)
On Feb 1, if you choose to pay RM 1,200 + RM 10 - No problem as well (paying a reduced amount), coz the remaining RM 300, it will take the money from the excess fund you deposit in previous month.

That's the "beauty" of flexi account.  rclxms.gif  rclxms.gif
*
I thought monthly deduction is fix from your flexi account then the extra for saving total interest.

Example Account have 50k then auto deduct 2k. Balance save total interest. Instead repay 20 years become 18years
blnh76
post Mar 17 2015, 05:59 PM

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QUOTE(Majesticman @ Mar 17 2015, 05:35 PM)
I thought monthly deduction is fix from your flexi account then the extra for saving total interest.

Example Account have 50k then auto deduct 2k. Balance save total interest. Instead repay 20 years become 18years
*
As I know, your example is correct too. The excess amount you pay (48k) will reduce the interest charged.
But if you don't pay the monthly instalment of 2k, then bank will deduct this 2k from the excess amount, mean your excess amount is 46k now.

ckl1998
post Mar 17 2015, 06:39 PM

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QUOTE(samkps @ Mar 17 2015, 02:58 PM)
hehehe... I am using CIMB flexi.. If you have extra fund in the account, reduced monthly payment of course no problem, even you don't want to pay monthly also no problem. brows.gif  brows.gif

Example:

You need to pay RM 1500 per month for the installment.

Scenario 1 - No need pay monthly at all:
On Jan 1, you bank in RM 18k + RM 120 into your flexi account. That's mean your account now have extra fund that is sufficient to support 1 year installment. So, even you are not paying for Feb, March, April till December also no problem at all.

RM 120 here is referring to the monthly RM 10 charges.

Scenario 2 - Reduced monthly payment
On Jan 1, you bank in RM 1,800 + RM 10 into your flexi account. That's mean your account now have extra fund RM 300.

On Feb 1, if you choose to pay RM 1,500 - No problem (continue pay same amount, save more interest)
On Feb 1, if you choose to pay RM 1,200 + RM 10 - No problem as well (paying a reduced amount), coz the remaining RM 300, it will take the money from the excess fund you deposit in previous month.

That's the "beauty" of flexi account.  rclxms.gif  rclxms.gif
*
emm...... the officer keep saying why you need to dump in one shot the extra fund as down payment, why don't you finance a higher margin and dump this fund accordingly when the bank starts to release the money to developer. For example, let's say you have 300k extra fund, don't dump this as down payment straight, it is more productive to dump this via flexi plan. Anyway, my intention is to make the monthly repayment as low as possible so that I am comfortable with the minimum monthly repayment and will pay extra if I have further fund. Any comment?

Jasoncat
post Mar 17 2015, 06:41 PM

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QUOTE(ckl1998 @ Mar 17 2015, 06:39 PM)
emm...... the officer keep saying why you need to dump in one shot the extra fund as down payment, why don't you finance a higher margin and dump this fund accordingly when the bank starts to release the money to developer. For example, let's say you have 300k extra fund, don't dump this as down payment straight, it is more productive to dump this via flexi plan. Anyway, my intention is to make the monthly repayment as low as possible so that I am comfortable with the minimum monthly repayment and will pay extra if I have further fund. Any comment?
*
Agree with you as this is basically what I did too.

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