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 SETIA ECOHILL 2, Starter landed link house below 500k

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TSsamkps
post Feb 22 2016, 10:52 AM

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Wah... No appreciation outside EH and EM...


Wondering if "guru" knows the pricing trend of Pelangi Semenyih, MKH, which is just opposite of EH and EM.. laugh.gif laugh.gif
TSsamkps
post Feb 22 2016, 10:53 AM

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QUOTE(Babizz @ Feb 20 2016, 10:03 PM)
Boss, simonyet rental susah liao.. after u 0 rental due to too many investors cry.gif  cry.gif
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Boss, why so many investors like Semenyih huh? Good Fengshui? brows.gif brows.gif
TSsamkps
post Feb 22 2016, 03:41 PM

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QUOTE(HarpArtist @ Feb 22 2016, 11:34 AM)
who say no appreciation oh? im not "guru" especially of this place..thats for you...and i say not jacked up only.
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Lol.. Only EM and EH jack up?

So Kajang East no jack up? Diamond city no jack up? Camellia no jack up? Pelangi Semenyih 2 no jack up?

Or so naive until believe selling price only for house, infra, landscape, park all for free? sweat.gif sweat.gif
TSsamkps
post Feb 22 2016, 05:36 PM

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QUOTE(HarpArtist @ Feb 22 2016, 05:23 PM)
i didnt say anything of the sort. do suggest you read before marah sweat.gif
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okie okie... 530pm ald... let's happy hour cheers.gif cheers.gif biggrin.gif
TSsamkps
post Feb 22 2016, 05:57 PM

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QUOTE(HarpArtist @ Feb 22 2016, 05:51 PM)
sweat.gif poor people like me working till 10pm boss.
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Wah good... No traffic jam... rclxms.gif rclxms.gif
TSsamkps
post Feb 22 2016, 06:04 PM

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QUOTE(HarpArtist @ Feb 22 2016, 06:02 PM)
noleh sweat.gif i run around the whole KV. klang to semenyih to KL to dsara wink.gif
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Wah nice, even "happy half hour", boss also dunno... thumbup.gif thumbup.gif
TSsamkps
post Feb 27 2016, 10:21 PM

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QUOTE(mamaky @ Feb 27 2016, 07:26 PM)
http://setiaecohill.com.my/setiaecohill2/index.aspx

ecohill2 website up and running! or am I the outdated one? hehe
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Old news liao loh... Masterplan also out long time liao... Got Woodland area (DSL), Wetland area (SemiD/Cluster) and Highland area (Bukit Tempurung - natural hill tourist area).
TSsamkps
post Mar 31 2016, 01:47 PM

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Wah nice... one sales advertisement can have so many speculation.. Later I try to put a 300k ads, perhaps can create more hype.. laugh.gif laugh.gif
TSsamkps
post Mar 31 2016, 01:54 PM

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SEH 2 shall launch soon... rclxms.gif rclxms.gif Schedule I property..
TSsamkps
post Mar 31 2016, 10:56 PM

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QUOTE(Jasoncat @ Mar 31 2016, 04:48 PM)
Samkor - SEH2 will start with build-then-sell (10/90)?
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Jason gor, yeah, build-then-sell concept, Schedule I property. Nonetheless, purchaser not buying an complete unit, they still need to wait for 2 years for the completion. Just during the construction period, there is no need of purchaser to come out any progressive payment or serving any interest.

Only cash-rich and establish developer would be able to do it, because the developer shall bear all the cost during the construction period, for small developer shall face severe cash flow problem.

The info from SA:

Let say property SPA price: RM 550k

Purchaser pay 10% down payment: RM 55k

During the construction period until 6 months before vacant possession, purchaser has to secure a loan. Nonetheless, purchaser no need to pay any progressive payment or interest during the construction period.

Within 21 working days after the vacant possession, the purchaser loan shall release the remaining 90% to the developer.

I have been told if the purchaser able to secure the loan within the early period (still not sure within how many months), purchaser shall entitle for some "early bird" rebate.

This post has been edited by samkps: Mar 31 2016, 10:58 PM
TSsamkps
post Mar 31 2016, 11:08 PM

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QUOTE(Longshot @ Mar 31 2016, 08:22 PM)
Thanks for the pictures.
Any idea which part of the township they launching first?
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The 4 plots near to Wetland... 3 plots of DSL and 1 plot of cluster SemiD.

This post has been edited by samkps: Mar 31 2016, 11:12 PM


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TSsamkps
post Mar 31 2016, 11:16 PM

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QUOTE(Jasoncat @ Mar 31 2016, 11:10 PM)
Thanks for info. 

Yeap, one reason why BTS can't be "forcefully" implemented accross the industry (as originally planned by the government) is the needs for strong financial standing which not many developers (inclu d ing the reputable ones) have that kind of capacity.

Just wonder on the last para - why there is a need to incentive the purchaser to secure the loan early as the loan  (up to 90%) will still only be drawdown upon completion hmm.gif
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The sooner the purchaser secure the loan, the sooner SP Setia can "guarantee" seal the deal. The developer hence encourage the purchaser to secure loan fast (with some incentive), although it is BTS concept.

Otherwise, the purchaser shall need to leverage their earning (loan) capability after 18 months.
TSsamkps
post Mar 31 2016, 11:27 PM

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QUOTE(hian1989 @ Mar 31 2016, 08:19 PM)
[attachmentid=6281539]

10/90 is something like dibs scheme,pay 10% during sign SPA,within construction period no need pay interest,after completion only apply for bank loan,but when i ask detaily whether hw bout loan rejected after applying loan,the staff told me the package havent finalised yet,so she not so sure about it.
[attachmentid=6281528]

2storey 20x65 start from 5xx-6xxk

[attachmentid=6281526]

Semi d 32x60 start from 7xxk
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Yeah, still not sure yet what's the "penalty" if purchaser can't secure the loan after 18 months.

Nonetheless, just a wild guess, presumably it should be something similar like terminating the SPA for the Ecohill 1 property, as stated in their offer letter (clause 7.3).

Just a guess though, maybe different.


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TSsamkps
post Mar 31 2016, 11:29 PM

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QUOTE(jonnie @ Mar 31 2016, 11:27 PM)
Any incentive for existing SPS buyer ?
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I presume LCR apply, but IRP not sure.. brows.gif brows.gif

https://privilege.spsetia.com.my/
TSsamkps
post Apr 1 2016, 12:29 AM

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QUOTE(Jasoncat @ Apr 1 2016, 12:16 AM)
True... I'm thinking from another (accounting) perspective... when the purchaser signs the S&P, SPS can record it as sale already.  So for BTS, the sale is already secured when the purchaser signs the S&P (regardless whether loan application is successful). As for sell-then-build, the developer always want to seal the deal asap by giving discount if the purchaser manage to sign the S&P within a stipulated time frame but purchaser always want to have assurance that his/her loan is approved before signing on the dotted line. 

Well, seems that in this case SPS just want to have assurance (or "guarantee") that no dropout even though after the S&P is signed.
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Presumably SPS look at "record on paper" and real transaction in different perception. Overall SPS intention is to get the unit sold, rather "earning" the "penalty" due to loan reject.

To encourage the purchaser to secure loan early is always good move (although it is not necessary for BTS project), to mitigate the risk of last minute withdrawal due to loan issue.
TSsamkps
post Apr 1 2016, 12:32 AM

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QUOTE(JamesPond @ Apr 1 2016, 12:28 AM)
a little bit confuse when ads already everywhere but rule is not set.
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You can refer to post #140 for the "penalty" of Ecohill 1 property that undergo SPA termination.

They may not be 100% same for Ecohill 2 property, but at least can serve as a guideline.
TSsamkps
post Apr 1 2016, 04:15 PM

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QUOTE(klangvalleyrookie @ Apr 1 2016, 01:04 AM)
My understanding re general rule for BTS scheme, pay 10% as down payment after signing snp. If purchaser fail to secure loan or cannot pay the remaining sum after vp, u burn the 10%.
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Ouch... this is very painful indeed. Is this the "penalty" applied for recent BTS Setia Alam project?
TSsamkps
post Apr 1 2016, 04:21 PM

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QUOTE(JamesPond @ Apr 1 2016, 01:25 AM)
that means buyer only got loan later is losing 2%?
or was this 2% to cover bank interest during construction compare to those that get loan later?
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Schedule I property, no progressive bank interest involve, 10% downpayment, 90% straight payment to developer within 21 days after VP, by loan or by cash.
TSsamkps
post Apr 1 2016, 04:28 PM

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QUOTE(JamesPond @ Apr 1 2016, 12:49 AM)
well, you are not terminating SPA but indeed it is after VP, you still not able to get a bank loan.
so this is a grey area unless there is a statement force terminate is taking place
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If someone can't get bank loan after VP, SPA somehow need to be revoke (terminate) I suppose, any other option available? Key point here would be what's the penalty.
TSsamkps
post Apr 1 2016, 05:17 PM

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QUOTE(waiwai79 @ Apr 1 2016, 05:13 PM)
Is it a G&G development? No more landmark development as SEH 1?
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FnG, individual title. The landmark would be the natural Gunung Tempurung instead man-made The PARC in Ecohill 1.

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