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Investment NIDOZ RESIDENCES | RESIDENSI D'NURI [OT], The Colours of Freedom is Nestled Here

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DavidKool
post May 18 2016, 04:16 PM

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QUOTE(limwc78 @ May 11 2016, 11:34 AM)
Their Nidoz still around RM 520 psf consider reasonable in the market. So increase 6% to RM 550 psf still acceptable.
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Nidoz have huge price range esp facing and block. Same size unit, if 3 different blocks and all different viewing, the price can be vary as high as RM 40-50 psf.

RM 520 psf I reckoned was low floors, when I visit their showroom, middle floors to higher floors a bit was RM 550-580 psf nett.

Overall layout ok, though smaller yard, small rooms and smaller living hall. But the foyer is not acceptable at only 2-3" ft btw main door and grille gate. Big size ideal for own stay, as mentioned by SAs, some walls can be hack to make it larger. But, SAs a bit over confident on the layout, claimed almost 10/10 points for all areas and flawless. Sorry to SAs, I know most of u are here.

If previously has lower floor unit, I could take one dy. but, I feel price is fair although leasehold and high density. Progressive interests for 4 years was the major obstacle to let me decided not to go for middle floor, approx RM 600+ psf inclusive 7-8% interest.

DavidKool
post May 18 2016, 05:44 PM

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QUOTE(EgKev @ May 18 2016, 05:25 PM)
He's estimating that you'll need to pay 7-8% in progressive interest during construction if you buy the mid floor. At 550psf, if you x with 1.08, it'll be about 600psf net.

From investor's point of view, the 7-8% progressive interest is a cost to them, well actually from own stayer too  sad.gif
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Correct.

Further add on, the 7-8% progressive interest is based on loan amount, so its higher for 90% loan taker. If low floor, assume Nidoz bills claim lower floors by more stages compare high floors, if 90% loan, it can goes up to 9-10% of loan amount.
DavidKool
post May 18 2016, 06:25 PM

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QUOTE(limwc78 @ May 18 2016, 06:08 PM)
That is why people always start paying the installment after completed. Actually you can start paying during the construction to reduce the principle.

When the bank start release money to the developer you already got the account note number, bank will start ask you just to pay the interest. Like few hundred only. You can start paying the full repayment to settle the principle.

This is the way to reduce the interest charge by the bank. If possible do not go for 90% loan. Try to get from the EPF to reduce the loan.
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After completed, we must pay full installments anyway. Lol.

Btw, bro limwc, yes we can request bank to commence full installment upon construction to reduce the principal and interest over the course but there is some risk here ( such as, if the condo abandon or etc, u must continue to pay the full installments )

Actually the best way is if u afford this method, go for Flexi Loan and subsequently dump the cash into the current account to save interest whenever bank release the money. Save interest and redrawal available.

But for project like Nidoz with 15% discount earlier, 20% for VIP and friends, how many of the buyers got such profile. I prefer them to refund the rebates after VP, so some of the young buyers able to tahan at least few months prior to their flipping to avoid competition of price war. From few bankers doing Nidoz, a lot of them 90% loan takers.

DavidKool
post May 28 2016, 07:41 PM

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QUOTE(aMing0 Tan @ May 26 2016, 09:22 PM)
rclxms.gif okok! thanks for that!
I wil walk in this Saturday and see who is the lucky agent that get to serve me haha  biggrin.gif
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Havent visit salesgallery but merely based on FB info and straight post in Lowyat forum, then can decide u going to buy this weekend?

Very rich.

DavidKool
post Sep 5 2016, 10:20 AM

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QUOTE(DS4 @ Sep 5 2016, 09:06 AM)
Never dream of any high-rise Building can enjoyed a huge capital appreciation except for KLCC Area with very limited land.

Today within 7acres land u built 1300units.
Tomorrow beside or nearby u I can built another 1000units.
Tell me how can high-rise been appreciated as u claim?
You assumption is true unless from today's onward there is no more further high-rise development in your area, then u have enjoyed some capital appreciation, but remember, is always on par with 6% of Malaysia house price index as published by NAPIC. This has also not taking into consideration of the interest from borrowing and maintenance cost you served.

Please accept the fact that high-rise development can only enjoy good capital appreciation if it's built with overall low density and good concept.
As for Investment yield return, this development is also not located within TOD zone. No large education hub nearby. Is difficult....
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Can describe what is so good about KLCC area that you commented are great for capital appreciation but definitely not for any non KLCC area?
DavidKool
post Sep 5 2016, 03:01 PM

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QUOTE(DS4 @ Sep 5 2016, 11:40 AM)
Come on, don't ask a childish question here.

You must be able to understand human language,

Why is all top luxury condo built nearby KLCC?
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Come on, calm down yourself. No need to be so frustrated for so many days and to so many members or threads here. Nvm if you dunno, other taikors can answer.

You comment like you are pro with some buildings board wording and hence aggressively repeated asking other ppl questions and bother ppl here, as buyers dont go check and post here for you but you yourself not seems to be a buyer and also not intend to provide your own fact but keep escalating the matters that non bother other people?

I am asking you bcz you posted a statement below that you looks confident to taruk others ;
""" Never dream of any high-rise Building can enjoyed a huge capital appreciation except for KLCC Area with very limited land."""

What were your claim that you commented that you confirmed any high rise building would never enjoy any huge capital appreciation but except for KLCC area, which is also under peak period.

Answer me back with a question of " why is all top luxury condo built nearby KLCC " is totally brainless against the question I am seeking from your pure statement. From what your simple meaning, means KLCC area high rise can have good capital appreciation just because of limited land? I not sure bcz I dont have crystal ball but proclaimed non KLCC area would not have such appreciation, what is your stake then?

What about One Menerung? What about St. Regis? What is called top luxury condo for you?

Please share with us and dont answer me with your questions pls.


DavidKool
post Sep 6 2016, 03:03 PM

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QUOTE(DS4 @ Sep 5 2016, 08:37 PM)
I don't need to answer your question and many ppl here already got the answer for you.

If you think capital appreciation for KLCC condo and Desa Petaling is on par, continue, at least we all know your level of tough.

No point in continuing arguing this, just buy 10units of NIDOZ and wait to become multi millionaire....

That's all, don't make others ppl laughing on you.... sympathy on you..
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Cehhhhh, dunno how to answer then say dunno la. Means, you simply shoot. I am clearly making my point on the statement that you put on my quote. If dunno, nvm, not necessary for you to reply, but make sure dont harsh to other people back from your reply.

Non of my statement described that capital appreciation for KLCC condo and Desa Petaling is on par. Your understanding is too poor to claim my caused. So, dont claim that my statement made other ppl laughing at me bcz I am laughing at you now. I personally dont think Nidoz would be good in capital appreciation bcz of density and heavy discount upfront, but who knows it's good for long term.
DavidKool
post Sep 6 2016, 03:49 PM

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QUOTE(vibey @ Sep 5 2016, 08:31 PM)
The average price of the units are at 850k++ before rebates...should use SPA price as the base and not after rebates for compounding calculation

That's y even if buyers were to sell their units after 5 years at SPA price...they should still be able to profit quite handsomely...due the generous rebates and all the waived loan and legal fees
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If you use capital on capital return, then could be only a bit profit if to sell back at S&P price after 5 years bcz capital outlay is low or no downpayment which is going to be rebate back.

But, for me, it could be a loss if to sell back at S&P price after 5 years bcz this is a 4 years project and the contruction period progressive interest is quite a alot, so depends on how fast Nidoz claimed it and based on what schedule they claim it from bank.
DavidKool
post Sep 7 2016, 09:48 AM

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QUOTE(DS4 @ Sep 6 2016, 09:44 PM)
Good capital appreciation because high density.

From which kindergarden u learnt?

Heavy upfront discount is only those marking truck that make ppl song song.... Go ahead...
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People ask you east or west, you answered left or right. People talk about car and vehicle, you talk about spoon and fork.

Never in my statement mentioned good capital appreciation because of high density. I don't so but I couldnt predict. Your understanding too poor to makle any comment here. LOL
DavidKool
post Dec 23 2019, 02:15 PM

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And Exsim next project is where?
DavidKool
post Mar 5 2020, 12:11 PM

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QUOTE(v88 @ Jan 15 2020, 04:15 PM)
i bet Nidoz will have lots of subsales after VP..
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Pretty sure a lot because this is so high densed, current economic problem and high discount project prompted plenty people unable to hold further.
DavidKool
post Apr 14 2020, 03:14 AM

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QUOTE(v88 @ Jan 15 2020, 04:15 PM)
i bet Nidoz will have lots of subsales after VP..
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Guess easily half of the units would be going for sub-sales, then plenty of this would change to rental game to cover installment basis because too competitive and some subsale buyers definitely pulling handbrake this year.
DavidKool
post Nov 25 2020, 10:53 AM

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QUOTE(AskarPerang @ Oct 13 2020, 12:24 PM)
Unit sold at reserve price 585k just now. Single bidder won unchallenged.
If 785k is the subsale value of the unit of this size, then this lelong buy is definitely a very good catch.  thumbsup.gif
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No lah Chief!

Nidoz 1219 sq ft quite a lot on the market, a lot asking RM 670-700k but got units available at lower price 650k.

785k is speculated amount, too high price. Not justifiable if we look at number of units entire Nidoz x early easy entry package x Covid-19 now /= RM 643 psf.

If 585k or just at 479 psf, consider good price since lelong but not consider really very very cheap.
DavidKool
post Nov 29 2020, 01:19 PM

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QUOTE(AskarPerang @ Nov 27 2020, 06:47 PM)
4th lelong unit check in from Nidoz. Facing KLCC view.
So far total got 4 lelong units (1 already sold) from Nidoz and 1 from D'nuri.
B-15-07, TOWER B, NIDOZ RESIDENCES @ DESA PETALING
Reserve price🔥🔥RM 650,000‬🔥🔥
Leasehold
1219 sqft
Auction: 10-Dec-2020 (Thu)
» Click to show Spoiler - click again to hide... «

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Curious that even with moratorium asssiatnce, Nidoz so fast got lelongs coming.

Ok lah, RM 520-530 psf and still quite new. Fair price but could not bid higher than it and subsales will be tough to sustain the market.
DavidKool
post Dec 1 2020, 04:26 PM

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QUOTE(vinceleo @ Nov 30 2020, 06:55 PM)
Moratorium mean nothing if borrower are cripple with huge indebtedness as eventually sum plus interest are payable
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Nothing for long term but a bit helpful for some buyers who recently got their new property VPed.

Imagine the Nidoz VP not too long but can't even sustain the 6 months moratorium grace period means they already never paid > 6 months before that and a lelong chronology will only takes place effectively for about one year.



 

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