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 SETIA ECOHILL 2, Starter landed link house below 500k

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Jasoncat
post Jul 13 2016, 03:30 PM

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Sth I shared in EM thread fyi - Overnight Policy Rate is cut by 0.25% to 3.00%.
You may refer to the MPC statement below:
http://www.bnm.gov.my/index.php?ch=en_pres...ac=3435&lang=en
Jasoncat
post Jul 13 2016, 04:03 PM

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QUOTE(klangvalleyrookie @ Jul 13 2016, 03:49 PM)
So many countries including M'sia jumping on the bandwagon to reduce interest rates. Let's continue BBB mode. laugh.gif
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Lol let's buy buta-buta! laugh.gif
Jasoncat
post Jul 13 2016, 04:13 PM

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QUOTE(Devan83 @ Jul 13 2016, 04:06 PM)
do enlighten me what are the good about this to the buyer?
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The base rate should be adjusted lower as well - so, will this be sth good? wink.gif
Jasoncat
post Jul 13 2016, 04:43 PM

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QUOTE(Devan83 @ Jul 13 2016, 04:16 PM)
meaning the housing loan we apply will be lower in interest?
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The setting of base rate is driven by the respective banks policy and it is the respective banks discretion to decide on the adjustment but it shall follow their policy. Given that the OPR is the key benchmark rate, the benchmark cost of fund used by the banks in the base rate formulation is very likely would be affected as well. So, in brief the base rate shall be reduced accordingly though it may not be immediate.
Jasoncat
post Jul 27 2016, 06:59 PM

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QUOTE(Devan83 @ Jul 27 2016, 06:49 PM)
I assume all the buyers has secured the loan part ready....
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But if you buy under 10/90 scheme then no rush to secure the financing.
Jasoncat
post Jul 27 2016, 07:23 PM

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QUOTE(Devan83 @ Jul 27 2016, 07:03 PM)
Noted, but looking at the process and strict rules by banks, better to start early to secure....
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True also, at least you won't be worry later if unable to get loan or get it at lower margin of financing.
Jasoncat
post Jul 27 2016, 08:38 PM

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QUOTE(Devan83 @ Jul 27 2016, 07:33 PM)
Well said bro. Which unit u got bro?
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Oops! Soli I don't have any unit here... came here to kpc & blow water oni.
Jasoncat
post Aug 8 2016, 06:25 PM

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QUOTE(samkps @ Aug 8 2016, 05:22 PM)
We hope Ecohill Walk mall can wave some changes here.. Hopefully SPS leasing team doing the job properly.
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Samkor, so far any confirmed / unconfirmed tenants for Ecohill Walk?
Jasoncat
post Aug 8 2016, 06:29 PM

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QUOTE(bearbearwong @ Aug 8 2016, 03:59 PM)
C basically SEH 1= holland project
Majestic = greater holland
Seh 2 = unrated.. lost of words..

Whole project gg.com..eco maj more jialat too expensive..
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Ah bear, for a new township, can pls share what would you expect in terms of occupancy in year 1, year 2, year 3 and year 4 onwards from the point of VP?
Jasoncat
post Aug 8 2016, 06:31 PM

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QUOTE(samkps @ Aug 8 2016, 06:27 PM)
Nothing confirm yet..  As the mall not even launch..
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Alright. Taipan any news? We need a kickstarter!
Btw is Taipan VP next year?
Jasoncat
post Aug 8 2016, 06:36 PM

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QUOTE(bearbearwong @ Aug 8 2016, 06:34 PM)
occupancy merely with depressing rentals as low as 800 to 900... these group of tenants do not have spending powers to generate or support the surrounding shops which range millions causing operating cost to be 5 digits above...

to be precise, the group of investors are also depressingly low in holding powers rental rates of 800 also rent

the occupancy would be mere gimmick later on.. like fulfilling requirement.. the price would be flat... resulting credit lock for most investors

and samkps was caught lying... seh was vp oct 2015... he lied as usual
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Ah bear, pls answer the question straight to the point.
For a new township, can pls share what would you expect in terms of occupancy in year 1, year 2, year 3 and year 4 onwards from the point of VP?
Jasoncat
post Aug 8 2016, 06:46 PM

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QUOTE(bearbearwong @ Aug 8 2016, 06:41 PM)
hmm ok just mere prediction:

new and over priced project and far
1-2 years= ard 20% ( 10% homewoners + 10% tenants)
3 year = ard 30%
4-5 years = not achieving 50% (with 50% homeowners and 50% renting)

even then no spending powers for sure... from these tenants/owners...

you are strong investors... but due to multiple units... u became weak also... u are highly potential to resort to low rentals.. samkps holds 3 units.. more gg... TKJ hold majestic... sumore... cannot retire early liao... need to service loan due to vacant and cant sell
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TQ Ah Bear. Mind to share GVH occupancy now?
Jasoncat
post Aug 8 2016, 07:03 PM

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QUOTE(bearbearwong @ Aug 8 2016, 06:53 PM)
GVH occupancy schedule could have been just around or could be worse than SEH... but since the entry price are higher.... and built and sell type.. with developers selling merely 10k more for later phases... and more discounts for later buyers compared to previous...

even the ocupancy strikes lower... this is purely for ownstay... logically... service loans few months later for built and sell, bought for flip.. good luck...

my opinion is that more for own stay rather than investment... easily more than 80%... even u say they are investors, these are the really strong investors... i can say.. with so high a risk and probability of holding

that is d motto of develoeprs kot... unlike SEH... depan cakap lain.. belakang bikin lain...like u all lor.. mention ownstay.... berlumba-lumba nak mengaku tinggal sana.. apdahal 3 biji...

tinggal sana lar tu..
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GVH occupancy is even lower. But didn't you claim GVH buyers bought it for ownstay? If for own stay why the occupancy is even lower?
I don't see the logic - pls enlighten.
Jasoncat
post Aug 8 2016, 07:15 PM

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QUOTE(bearbearwong @ Aug 8 2016, 07:07 PM)
these ppl maybe do not have enough cash to move in? reno? maybe the access haven't open? amenities havent in yet.. and etc..

another point supporting this is the units advertise for sell in GVH are basically very minimal..

even u spot those advertise for sell compared to SEH... those are sub con units... which the entitle to enjoy freebies..

which is more probably and logical>? THOSE VACANT UNITS IN gvh are waiting for flip? subsales?

compare to SEH which is obviously with banners...

pick a guess..
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Not have enough cash because property already overpriced so no more money to move in and reno? Or no money because spending power too low and cannot even support the shops? Access road not open and amenities haven't in yet means the place doesn't even have the basic stuff for people to live in?
I'm wondering hmm.gif
Jasoncat
post Aug 8 2016, 07:30 PM

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QUOTE(bearbearwong @ Aug 8 2016, 07:24 PM)
to have believe buyers who bought

a)an overpriced proeprty
b) located ard rock areas
c) no amenities
d) immediate service of loans
e) bad access
f) etc

those so called/labelled investors you meant in GVH are of that blatant blindness to have bought the said project after all that were visible ? and a built and sell type of project?

and with ample time to consider buying as there were no buying spree like lining up a day before with tents and 40k for a unit?

those so called invested in GVH miss all these points and bought GVH instead when SEH ppl are lining > Majestic pp are lining up> and it is 7xx k... leh

I dont know what what works you are working... but I would wish u can summon TKJ to access and value ur valuation on the said property...

by agreeing that GVH is for investment despite all the flaws vs SEH... dont you think SEH investors are much more smarter?
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People bought SEH / EM could be because
a) not overly priced
b) there are amenities
c) strong holding power to service loan
d) good access
e) etc

do you need to tarnish ur legal profession just to secure the winning in LYN?

Okok... enough liao if not SEH2 buyers throw me hammer liao.

This post has been edited by Jasoncat: Aug 8 2016, 07:33 PM
Jasoncat
post Aug 8 2016, 07:35 PM

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QUOTE(bearbearwong @ Aug 8 2016, 07:33 PM)
I do not need to tarnish the legal profession to take this answer... it is pretty obvious both SEH & EM were bought for what purpose?

please do refer to the edited version of my last reply..

you as an investors... would you buy GVH with so many flaws at 740k vs SEH with all the amenities (you self mentioned) with 400k/450k?

ASNWER? GVH OR SEH? captain obvious
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I as investor I invest in commercial in this SEH/EM area but not GVH. Crystal clear? So how?

This post has been edited by Jasoncat: Aug 8 2016, 07:58 PM
Jasoncat
post Aug 9 2016, 12:30 PM

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Bear, if some one offer to buy your GVH for the price of X + RM250k, you want to sell or not?

Btw today share market is in the red - the bear is the culprit.

This post has been edited by Jasoncat: Aug 9 2016, 12:31 PM
Jasoncat
post Aug 9 2016, 12:43 PM

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QUOTE(bearbearwong @ Aug 9 2016, 12:40 PM)
I think i would.. provided i fund another one which i like...

hardly... share market up down a lot... many of LYN burned... Jolokia burned alot... he hantam 70k in Orion
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Then you are flipper as well?
I thought you hate flipper from head to toes?
Jasoncat
post Aug 9 2016, 01:02 PM

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QUOTE(bearbearwong @ Aug 9 2016, 12:49 PM)
everything has a price... u want to categories me as flipper? there are no reason to buy such an overpriced property.. when there are better ones in the price range...

ur questions are just too speculative and has intention to create illusion and drag me to flippers category...

the mindset is different thou... did I intend to flip? nope...

as per SEH lining up and buy... very very differing intentions and aims did they intend to flip? of course they do..
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They intend to flip vs you know you will flip if the price is right. The difference is real flipper vs hypocrite flipper? hmm.gif

Btw, what's the minimum on top of your purchase price that will induce you to flip (Oops! Sell is the politically correct word)

This post has been edited by Jasoncat: Aug 9 2016, 01:08 PM
Jasoncat
post Aug 14 2016, 11:00 PM

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QUOTE(metalgearash1987 @ Aug 14 2016, 09:48 PM)
Just booked Alexus End-Lot unit earlier today.. Looking forward to get bank loan now.. Hopefully all goes well and i shall become one of ur neighbours.. Anyone bought Alexus units?

Ya, Everna units i can see quite alot being bought already. Quite good response..
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Congratulations and welcome to SiMonyet area thumbup.gif biggrin.gif

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