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Investment Bandar Rimbayu V4, The Township Nature Perfected, Green Township by IJM Land

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BRE
post Nov 11 2015, 03:16 PM

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QUOTE(eastken @ Nov 11 2015, 02:54 PM)
consider side to side.
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What is the green patch between Penduline & RSK? A park?

SA told me since Penduline is the cheapest DSL in BR so far, that is why location not so good, located next to RSK.
BRE
post Nov 11 2015, 04:13 PM

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QUOTE(zzzhhhzzz @ Nov 11 2015, 04:23 PM)
hmm depends how you look at it.... chimes was sold at 560k for 22x75 during its initial launch...but then price houses back than was a little lower than now.... biggrin.gif
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100K higher than Chimes but built up & land area for Penduline is smaller! blink.gif So Penduline worth buying ka bro? blush.gif

Now sales in many DSLs in TA & ES also sangkut, no thanks to Penduline! biggrin.gif
BRE
post Nov 11 2015, 04:21 PM

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QUOTE(zzzhhhzzz @ Nov 11 2015, 05:17 PM)
if you buy to flip than think twice or thrice.. if buy for own stay for >5 years i think its still good .... I believe land (especially those far away from city) will still appreciate better over the years...
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U going to q on 15/11/15 to buy Penduline bro?
BRE
post Nov 11 2015, 05:26 PM

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QUOTE(bcombat @ Nov 11 2015, 06:15 PM)
Got one question here...there is no commercial activities in this new area yet.
So the current and future residents need to go to KK side for banking, school, food etc.
Do you that the access road/ round about between KK and Rimbayu will be very jammed up in future?
Is there only one access road between KK and Rimbayu?
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Yah, the main road linking the 3 roundabouts in KK 2 lanes only, in future all jammed up by BR, TA & ES vehicles! biggrin.gif
BRE
post Nov 11 2015, 05:27 PM

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QUOTE(zzzhhhzzz @ Nov 11 2015, 05:56 PM)
oredi bought Perennia... so one ass cannot stay in two houses tongue.gif since its tough to flip and rental yield is low... so not going liao biggrin.gif
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Can la bro, Mon-Wed put your ass in Perennia, Thurs-Sun ass in Penduline lo! tongue.gif biggrin.gif
BRE
post Nov 11 2015, 05:31 PM

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QUOTE(phonixloo @ Nov 11 2015, 06:00 PM)
Chimes / Perennia  => lower in term of psf but need to fork out around 15% initially.  Can move in immediately.
Penduline              => Higher in term of psf but down payment less (6~7%) only.  Can move in after 2 years.

So Penduline good for those with less down payment. 

For return in investment, do not expect to have good return in next 2 ~ 3 years time.
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Yah, got to have strong holding power, I think nt less than 5 years to get good ROI.

I heard now Chimes cannot sell with good price in the subsale market, 1 of the reason is because buyers are waiting for Penduline? blush.gif
BRE
post Nov 11 2015, 05:41 PM

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QUOTE(phonixloo @ Nov 11 2015, 06:36 PM)
Chimes cannot sell with good price cause a lot of people not easy to get loan especially for sub-sales.  Besides, for 700K house you need to fork out at least 100K first.  This not including renovation if you plan to do so. 

Anyway, I know quite a lot of people buy for long term investment.  Mean they plan to rent out but not sell.  Prove that lots of rich people, including Malay, Chinese or Indian.
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Chimes around 500+ units right bro? Assuming half for rental, then want to get good rental oso not easy leh so much competition! In future, some Perenia VP coming soon! blink.gif
BRE
post Nov 11 2015, 06:13 PM

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QUOTE(phonixloo @ Nov 11 2015, 06:51 PM)
biggrin.gif  Perennia already VP......

blush.gif  This is the condition.  Market very competitive.  Some owner throw in aircond, auto gate, kitchen cabinet to attract tenant.
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So total Chimes & Perenia 1000+ units! blink.gif If half renting their units then how la to get good rental? blush.gif Got to top up a lot leh or treat it as weekend home! biggrin.gif
BRE
post Nov 12 2015, 07:10 AM

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QUOTE(Chris Chew @ Nov 12 2015, 04:03 AM)
Its because "timing", market conditions and grace period for the township to mature. Occupancy just starting, not yet reach the stage of filling in.

SEH, EM and all new major townships be the same. Guess PH also not booming in 2 yrs time but it took more than 10 years.

Btw, I predict its not because of Penduline.
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Yes bro, PH now oredi 15 years old so more or less quite matured oredi. Why do you predict is is not because of Penduline bro? During slow prop market time, ppl tend to look for lower valued prop to buy so I guess some potential subsale market buyer may be swayed to buy Penduline instead.
BRE
post Nov 12 2015, 07:13 AM

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QUOTE(Chris Chew @ Nov 12 2015, 03:55 AM)
I understand Chimes and Perennia a lot of investors. But I dont think all these investors are looking for rental as their prime investment target. Majority should be flip bfore hold to flip in the short term or longer term, some may consider rent out if they keep in long term, bcz it requires some 20-30k reno or touch up. That is a cost to set up a rental investment. Btw, Thats quite common for new landed township if we see occupancy is slow and many flippings, it impacted by the current market situation.

It needed time to justify. Some ppl plan to move in, but they rather aware if their neighbours are moving in at the same time.
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I think it is quite normal for the first 2 phases in new townships to be filled with investors as they would not want to stay in new townships that lack the amenities and facilities.
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post Nov 12 2015, 08:44 AM

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QUOTE(PeriPeri2014 @ Nov 12 2015, 09:21 AM)
New township if wait for 5-7 years, capital gain shd be very good smile.gif
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Yes bro, min 5-7 years should be good enough for the township to mature, then the ROI will be thumbup.gif

U didnt sapu any unit in BR bro? This one oso South Selangor ma! nod.gif
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post Nov 12 2015, 11:27 AM

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QUOTE(LDP @ Nov 12 2015, 11:38 AM)
Rental at Rimbayu will be lower then Kemuning in the initial years. I don't think landed houses in Rimbayu can fetch a higher rental than Kemuning.

Investors better be ready for negative cash flow for the first few years assuming that they can find a tenant for their unit. There will be easily hundred of units available in the rental market, so competition will be stiff....
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Yes, more than 1000+ Chimes & Perenia in the market now, difficult to get good rental some more got to compete with existing props in KK, Tiger Hill & KU - oversupply of landed props for rental in that area now? blink.gif
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post Nov 12 2015, 04:33 PM

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QUOTE(Chris Chew @ Nov 12 2015, 05:21 PM)
Ya. Quite.

I not sure but I expected the price now vs the price in next 12 mths, not much difference but stagnant. Or else, at most at 5% increase. Not easy.

At this market, I also trying to sell one first and use the fund to slowly hunt a good landed next year.
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Bro, with this type of market condition why not wait later first to sell rather than sell one of your prop now?
BRE
post Nov 12 2015, 05:53 PM

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QUOTE(mingyew @ Nov 12 2015, 06:37 PM)
How much the dead chicken u found? share your hapiness la..  thumbup.gif
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Pity the seller, must be cursing IJM like crazy ROI so lousy! biggrin.gif
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post Nov 12 2015, 06:10 PM

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QUOTE(Chris Chew @ Nov 12 2015, 07:01 PM)
Worried of my cash flow next 1-2 year. Taking few VPs now until the end of 2016. Somemore I nvr sell anything since 2010. Wanna dispose 1 to keep my remaining new units vacant.
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How many props u bought that are taking VPs bro? blink.gif Since cannot sell at good price now, why not rent out the units & top up the balance? At least keep another 2-3 years to get a better price before selling.
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post Nov 13 2015, 07:20 AM

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QUOTE(phonixloo @ Nov 12 2015, 10:37 PM)
ROI so lousy because of the market condition, nothing wrong with IJM.
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Part of their fault oso la, sell so many Chimes & Perenia at one go, now want to sell Penduline, sure some ppl buy Penduline la dont want to buy Chimes or Perenia! biggrin.gif As Chris gor said, timing not right la for the flippers. It is also not the right timing for IJM to sell Penduline now from the point of view of the Chimes & Perenia's flippers.

This post has been edited by BRE: Nov 13 2015, 07:22 AM
BRE
post Nov 13 2015, 07:26 AM

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QUOTE(Chris Chew @ Nov 13 2015, 02:03 AM)
Haha, not many la boss. One or two already making me starving to death.

Hmm, I think I a bit scared into highrise dy, although I dont have any highrise VP next year bcz next 1-2 week would be the last piece, I plan to dispose one while the price is consider very decent in return in such market. I never buy a highrise cost more than RM 400 psf bfore, so if approximately to have RM 100k return, is damm freaking good for me dy based on current market as I using COCR as my investment return. Furthermore, I intend to keep landed now esp the Majestic piece which going to deliver by end of 2016 and the cost of holding is a bit high as I prepare to keep it vacant as long as possible.

When you keep a good prop longer and found out that the return is suddenly more than 300% appreciation, you would never sell it, bcz you know you never able to buy it back. Thats the part of an investment up and down.
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Bro, what do you mean when u said "next 1-2 week would be the last piece"? What is COCR?

Wow, cost of holding is very high bro to keep your EM prop vacant for as long as possible! rclxub.gif Why no intention to rent it out in the mean time? Yah, when the price shoot up you would want to wait for it to go higher & higher before u consider selling it, it all depends on how strong your holding power is, the longer u hold the higher the ROI! thumbup.gif
BRE
post Nov 13 2015, 09:20 AM

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QUOTE(Chris Chew @ Nov 13 2015, 10:13 AM)
Hehe. I getting my key or VP in next 1-2 weeks for my most expensive condo, RM 400 psf with DIBS. The rest already answer by Jason Boss.

Ya, holding cost now compare to back in bfore 2010 is very different. Back then, u hold 5 props only costs RM 5k-6k max installments. Now, any 5 props would costs RM 12-13k now provided all about RM 500k props.

For good landed like in huge and great township of EM, and based on location, I dont think the rental would be good and tidy, or I nvr expect can breach RM 1.2-1.5k for my small landed. Therefore, I not willing to spend my cash for reno or furnished it as it easily costs about 2-3 years rental value. I rather keep it vacant n rent out my apartments on hand.
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TQ Chris boss and Jason boss for the brief COCR explanation! notworthy.gif Got lot of things to learn from the 2 property gurus! biggrin.gif

Just install basic lights, grill and fans la bro, the most also 3 months rental value la, will not cost you 2-3 years rental value leh! To treat it as weekend home oso need basic stuff like bed, sofa & TV la! nod.gif Keep it for min 5 years sure can see the capital appreciation shoot up! icon_rolleyes.gif
BRE
post Nov 16 2015, 11:47 AM

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QUOTE(eastken @ Nov 16 2015, 11:38 AM)
Haha. I believe DEAD CHICKEN just limited units. Because ever meet some chimes owners which investor, they also able or willing wait 750k above or 5 years later.
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Bro, how do you know most of the Chimes' owners have strong holding power? Probably 50/50 la, so still a lot of dead chicken coming leh! biggrin.gif Jialat for the flippers, got to offload at a loss or minimal profits! doh.gif

This post has been edited by BRE: Nov 16 2015, 11:48 AM
BRE
post Nov 16 2015, 12:03 PM

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QUOTE(eastken @ Nov 16 2015, 01:01 PM)
Because so far still many can't found Dead Chicken. Haha.
Only 2 found as I know one. Maybe many found I duno smile.gif
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Dead chicken coming soon leh bro, it will not appear at the same time la! biggrin.gif Next year more should be coming!

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