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 SETIA ECOHILL 2, Starter landed link house below 500k

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BEANCOUNTER
post Oct 10 2015, 03:37 PM

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QUOTE(samkps @ Oct 10 2015, 02:05 PM)
"Phase 1 of Setia EcoHill 2, which is targeted for a 1Q2016 launch, will comprise 357 two-storey terraced houses. There will be four types of layouts, with lot sizes of 20ft by 65ft, 20ft by 70ft, 22ft by 70ft and 32ft by 60ft, and built-ups of 1,900, 2,100, 2,250 and 2,350 sq ft.

While prices have yet to be firmed up, S P Setia is looking at a 10% markup based on similar launches in Setia EcoHill."
32 x 60 looks abit weird to me..  hmm.gif  hmm.gif
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32x60 is clustered smds....

you can find them in setia alam...one of the bestest capital appreciation of all....bcos setia thought they just filled in the cap and least popular, therefore didn't put lot of premium on them...

ultimately, setia put a cap on SEH appreciation by setting 10% of capital gain on its subsale.
BEANCOUNTER
post Oct 11 2015, 01:02 PM

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QUOTE(samkps @ Oct 10 2015, 06:52 PM)
The report said it is DSL, not cluster. Maybe the report is wrong, but let's wait till the launching then we will know..

SEH 2 is separated from SEH 1 by EcoMajestic. Location wise is not comparable at all with SEH 1 for the time being, especially in terms of commercial activity in vicinity. SEH 2 shall release its potential when EcoMajestic is semi mature and of course after the development of Silversquare a couple years later.

Not sure how the cap works, but if I were a purchaser, I dun mind to spend more on SEH 1 subsale compare to new release of SEH 2, due to its location, commercial activity accessibility and of course its beautiful landscape that most likely is comparable to SEH 2 in future.
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u r right....clustered smd doesn't make sense to achieve 2350sq.

likely to be terraces with wide frontage.

Think we can find similar setup in Elmina west.

BEANCOUNTER
post May 22 2016, 02:55 PM

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QUOTE(samkps @ May 22 2016, 01:14 AM)
SPA price: 553k
Downpayment: 55.3k
Loan (90%): 497.7k
Let say you get a loan for 35 years with a loan rate 4.5%, monthly installment is 2355.40.
You service the loan for 5 years: 2355.40 X 60 = 141,324 .
Out of this 141,324, interest charged is 108,488, while 32,836 will be used to pay the principle.
The outstanding loan after 5 years is 464,865.
Total investment you have put in: 55.3k (downpayment) + 108, 488 (interest charge) + 32, 836 (loan principle) = 196,624
------------------------------------------------------------------------
After 5 years upon completion (~ 7 years), you decide to sell the property at 750k. 
So, the gross profit: 750k – 464,865 (loan) = 285,135
Misc charges incurred: 50k (this is assume you pay the MOT (not absorbed by Setia), otherwise normal charges would be only legal SPA (~ 10k) + agent fees (~15k).  Assessment, quit rent, utility bills sum up should be less 3k) 
The gross profit after misc charges = 285,135 – 50k = 235,135
The net profit: 235,135 – 196,624 (initial outlay) = 38,511
This assumes you let the house vacant for 5 years without any tenant.
By the way, not sure about when the next phase of commie in SEH 1 is going to launch, but the ecohill walk plan definitely already in the pipeline.
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you guys really count til the cow comes home meh?????

there are so many unexpected factors involved....punch til yr calculator bocor also no use de.....

bought already....just hope for the best, but prepared for the worst lah.....

BEANCOUNTER
post Jun 21 2016, 04:42 PM

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QUOTE(propusers @ Jun 21 2016, 04:37 PM)
Pilosa (20x65) minimum S&P price is 438k.
According to iproperty, Pistia majority are asking price for 490-510.
Referring to brickz, Pistia transacted between 475-528.
Gross earning 528-438=90k
S&P Appreciation 528/438=20.5%

Pistia (20x65) minimum S&P price is 463k.
According to iproperty, Pistia majority are asking price for 520-550.
Assume trasacted at 550k.
Gross earning is 550-463=87k.
S&P Appreciation 550/463=18.8%.

Pistia and Pilosa VP on Oct - Nov 2015? if not mistaken.

I would say return so so for flippers.
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to calculate the gross appreciation, think its best to use the average price btw lowest and highest transacted prices.

I would say on average...appreciation is only around 15%...minus this and that....rpgt officer also malas nak tax you....
BEANCOUNTER
post Jun 21 2016, 04:55 PM

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QUOTE(propusers @ Jun 21 2016, 04:47 PM)
Agree with you to take average price.

if need to pay tax to RPGT, the net return is even lower.

Some major cost
- 2% agent fee (Around 10k)
- bank interest (Around 1.4k a month. Keep counting until you sold your unit.)
- RPGT 30% (Note: Cannot minus bank interest as cost)
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lagi ada penalty clause for terminating your bank loan...

legal fee even if you piggy on buyers lawyer.

bank interest is a write off...you cant take into acc....
BEANCOUNTER
post Jun 23 2016, 10:22 AM

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QUOTE(propusers @ Jun 23 2016, 10:06 AM)
Good for own stay and 3rd property investment (10:90) in my opinion.
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do you have to apply loan now or wait til end of 2 yrs baru apply under 10:90 scheme?

what happens if you cant secure loan at the end of year 2?
BEANCOUNTER
post Jun 23 2016, 10:32 AM

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QUOTE(propusers @ Jun 23 2016, 10:28 AM)
info from SA.

Within 6 months before VP can start apply loan. SPS will remind buyer.

if can't secure loan, 10% forfeited.
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are they using the standard HDA SPA or modified version?

They are even allowed to forfeit the 10%? is this even legal?
BEANCOUNTER
post Jun 23 2016, 02:02 PM

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QUOTE(samkps @ Jun 23 2016, 11:22 AM)
Thanks Samkor...

cancellation of SPA attracts 10% of purchase price.....

I thought only 1 or 2% nia.......sheet cry.gif cry.gif cry.gif
BEANCOUNTER
post Jun 25 2016, 09:26 AM

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QUOTE(klangvalleyrookie @ Jun 25 2016, 09:24 AM)
So early already came out in the news...
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setia is friend of media......as part of promotion.
BEANCOUNTER
post Jun 25 2016, 09:27 AM

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QUOTE(Neoh1979 @ Jun 25 2016, 08:17 AM)
no 55, not fancy this area smile.gif
deeper in ...to beranang already.
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not to Beranang already...

its IN Beranang. biggrin.gif
BEANCOUNTER
post Jun 25 2016, 12:23 PM

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QUOTE(hian1989 @ Jun 25 2016, 09:37 AM)
almost the border line of negeri sembilan
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in fact part of beranang called Ulu Beranang is under NS lioa.

I saw a mileage stone in semenyik old truck road....read "20" to Seremban....dunno if it means 20kms or 20miles.
BEANCOUNTER
post Jun 25 2016, 12:29 PM

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QUOTE(robert82 @ Jun 25 2016, 12:26 PM)
Km. Malaysia never use miles
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one would assume so...

but this is an old mileage stone...not sure if its left behind by our british master.... biggrin.gif

actually we only adopted matric measurement in the 80's if my memory serves me rite...

before it was miles de.....same with feet and inch...square feet and etc...

some we still practice today.

This post has been edited by BEANCOUNTER: Jun 25 2016, 12:31 PM
BEANCOUNTER
post Jun 25 2016, 04:14 PM

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Sorry for my ignorance.....
Seh1 all landed fully taken up already? No future launch lioa?
BEANCOUNTER
post Jun 25 2016, 08:14 PM

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How do you know if you are paying premium for the extra land for corner?
BEANCOUNTER
post Jun 27 2016, 11:18 AM

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semenyik for me I still associate it with after life haven.
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post Jun 27 2016, 11:20 AM

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no point comparing two townships that are on the opposite side of the globe......

its like comparing London properties with Sydney properties.

This post has been edited by BEANCOUNTER: Jun 27 2016, 11:20 AM
BEANCOUNTER
post Jun 27 2016, 11:32 AM

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QUOTE(mthc @ Jun 27 2016, 11:27 AM)
Come down to earth. It's not two sides of the globe. It's western KV vs southern KV.
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you think a true home buyer will sit in the house and think

'hmmm....should I stay in setia alam aka klang north or
semenyik aka Seremban west?' biggrin.gif

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post Jun 27 2016, 11:49 AM

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QUOTE(bearbearwong @ Jun 27 2016, 11:46 AM)
all these are gimmicks.. trying to tell potential buyers AGAIN semenyih got hope.... the pricing so daring 4xxk sumore.. ada hati nak built and sell..

still want to lure young buyers to believin their concept... haizzz...

developers will launch in Ijok too.. also there will be township one
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ijok, puncak alam, eco garden.......

another round of BBB.....so close to Elmina and kwasa...... biggrin.gif
BEANCOUNTER
post Jun 27 2016, 04:06 PM

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QUOTE(aaron1717 @ Jun 27 2016, 04:01 PM)
for new project.... youngsters that worked for three years.... no other commitments except credit card... i think still can get it.... especially for the non bumi youngsters... i rmb i own my first home at this price point also 2 years ago.... and i am just a office worker exec level nia....
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No FAMA support? SPA your name only same with loan?

Wat price point? 400k? meaning repayment 2k per month...meaning you must be earning 6k....

not bad for office exec level in the workforce for 3 years. rclxms.gif
BEANCOUNTER
post Jun 27 2016, 04:21 PM

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QUOTE(daniel125 @ Jun 27 2016, 04:15 PM)
Somebody even after working for 10 years also unable to afford one lol. 3 names in SPA is better than those who cant even get one  dry.gif
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that's the beauty of it...aaron kor is not somebody. He is a high achiever. it depends on what route you use to create wealth.

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