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 SETIA ECOHILL 2, Starter landed link house below 500k

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Jasoncat
post Jan 25 2015, 08:34 PM

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I saw it but I was so blurred until I didn't realized it was the masterplan for SEH2... shocking.gif

This post has been edited by Jasoncat: Jan 25 2015, 08:35 PM
Jasoncat
post Jun 7 2015, 09:09 PM

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Quite a lot of information fom this article about SEH2 rclxms.gif thumbup.gif


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Jasoncat
post Jun 7 2015, 09:53 PM

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QUOTE(treehill @ Jun 7 2015, 09:30 PM)
Bro, good information. But Q1 or not dunno yet. Last time SEH1 also delayed smile.gif.

Anyway, commercial area is quite huge smile.gif
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Oh yeah probably bigger piece of land so that's why more space dedicated for commercial.

Noted also SEH2 will have stratified development too thumbup.gif
Btw, 8024 homes over 1010 acres land - only 8 house per acre thumbup.gif
Jasoncat
post Jun 7 2015, 10:08 PM

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QUOTE(nexona88 @ Jun 7 2015, 10:06 PM)
good sharing  rclxms.gif
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Sharing is caring wink.gif
Jasoncat
post Jun 8 2015, 12:05 AM

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QUOTE(KL_ppl @ Jun 7 2015, 11:00 PM)
De report says SEH 2 DSL only 10% mark up from SEH DSL launching price?? Got so cheap or not.
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Lol. I guess this is still very very prelim est about the price. Price has always been one of the last factors to be decided. Let's see how is the market then.
Jasoncat
post Jun 8 2015, 08:13 PM

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Reading the article noted that:

Net sellable area is 501 acres, of which 382 acres for residential (incl. 215 acres for stratified properties) and 119 acres for commercial.

It means 56% of the residential will be under strata-titled. This is one of the main changes vis-a-vis SEH which now has no stratified dev.

Jasoncat
post Mar 12 2016, 04:40 PM

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Understand that the 1st phase of SEH2 will be launched in mid 2016. It will be DSL (20×65, 20×70, 22×70) with indicative starting pricing of around RM550k and Semi-D cluster (32×60) with indicative pricing of RM650k.
Jasoncat
post Mar 31 2016, 04:48 PM

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QUOTE(samkps @ Mar 31 2016, 01:54 PM)
SEH 2 shall launch soon...  rclxms.gif  rclxms.gif  Schedule I property..
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Samkor - SEH2 will start with build-then-sell (10/90)?
Jasoncat
post Mar 31 2016, 11:10 PM

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QUOTE(samkps @ Mar 31 2016, 10:56 PM)
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.
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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
Jasoncat
post Apr 1 2016, 12:16 AM

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QUOTE(samkps @ Mar 31 2016, 11:16 PM)
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.
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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.
Jasoncat
post Apr 1 2016, 12:27 AM

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QUOTE(JamesPond @ Apr 1 2016, 12:21 AM)
if sign SPA but cannot get loan after VP. What action is expected?
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As shared by a forumer here, SPS is still working this out...
Jasoncat
post Apr 30 2016, 09:36 PM

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QUOTE(nivota @ Apr 30 2016, 09:23 PM)
shouldn't they start at the eco majestic interchange side so that the LEKAS-EcoHill link can continue to connect it all the way down?

Anyway I created a merged masterplan of SEH+EM+SEH2, not to scale and it looks ugly but at least it provides a rough idea for people who interested to invest in this LEKAS belt... biggrin.gif
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Nice try! :thumbsup:
Jasoncat
post May 20 2016, 08:10 AM

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It's coming very soon! rclxms.gif
It's stated scheduled for completion mid-2018 hmm.gif so 1st phase is not strata-titled? hmm.gif


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Jasoncat
post May 20 2016, 08:18 AM

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Some key notes:
- 1st phase named Springfield Residences, comprising 258 units 2-storey terraced and 96 units cluster SD
- builts-up: 1859sf - 2148sf for Terrace & 2028sf for cluster SD
- Price: RM553k - RM668k
- Further extension by 3km of the Setia Ecohill link to connect to SEH2 and expects to be completed in 2017
- 80 acres reserved for green parks of which 17 acres of parks is for wetlands.
- more than 10k trees to be planted around the township.
Jasoncat
post May 20 2016, 09:09 AM

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QUOTE(samkps @ May 20 2016, 08:40 AM)
rclxms.gif  rclxms.gif  rclxms.gif
http://www.thestar.com.my/business/busines...-semenyih-road/
There will a public park in similar to Swan Lake called South Creek in the township...
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Poison! laugh.gif
Jasoncat
post May 20 2016, 11:34 AM

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QUOTE(specopsmarines @ May 20 2016, 11:11 AM)
How about land size? 20x70?
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Terace:20×65, 20×70 & 22×70
Cluster SD: 32×70

Source: http://setiaecohill.com.my/setiaecohill2/index.aspx
Jasoncat
post May 21 2016, 03:04 PM

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QUOTE(bearbearwong @ May 21 2016, 02:35 PM)
U buy first seh 2 then show.. till dat time.. hmm.. talk kosong
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You have been talking kosong for years till you buy GVH. Btw, have you signed both S&P and bank's letter of offer / facility agreement?
Jasoncat
post May 21 2016, 03:26 PM

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QUOTE(bearbearwong @ May 21 2016, 03:23 PM)
I predict u wont buy SEH 2.. prove me wrong since you support seh products
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You don't need to predict. I need to manage my portfolio and likely will consider next buy after my existing prop under construction completed.

You haven't answered - have signed SPA and bank's letter of offer?
Jasoncat
post May 21 2016, 06:21 PM

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QUOTE(bearbearwong @ May 21 2016, 05:04 PM)
I m holding off signing in anticipation of further drop..

based on d existing perfomance on seh 1.. highly unlikely to go seh 2.. unless stupid
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Hold off in anticipation of further drop? I guess you are referring to subsale? You have been searching for long and now finally there is a chance but you still want to outsmart the market. Ok, that's your choice and your money after all.

But, hey pls, I don't see any stupidity in investing in SEH2 or SEH1.
Jasoncat
post May 21 2016, 06:42 PM

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QUOTE(Jliew168 @ May 21 2016, 06:37 PM)
Boss u waiting drop from developer package la

He never buy subsale to profit flipper  tongue.gif
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Since he "hate" (if this is the proper word to use) investor and flipper, if he really managed to get one property for himself he better keep it forever.

Btw, he wants to wait the developer to drop the price further? Not sure whether striking lottery will have better chance. Lol. biggrin.gif

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