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

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Chris Chew
post Nov 14 2015, 11:37 PM

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QUOTE(PeriPeri2014 @ Nov 14 2015, 09:56 PM)
If rebate 10% more ppl will qqq smile.gif
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If IJM gives 10% rebates for such price landed in such potential township, be it sold out all units in 1 day. It would be able or highly will cause the BR value down in just 2 years time, upon this 10% rebates prop completed.

Chris Chew
post Nov 14 2015, 11:46 PM

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QUOTE(jhbey @ Nov 14 2015, 11:39 PM)
IJM staff get 5% rebates.
That's the best as I know.
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I think staffs ok, at least they only give to their own staffs with some allocation units and of coz, the staffs deserved such benefit for win win situation. Anyway, I thought IJM give staffs different discount and based on KPI or number of years worked.
Chris Chew
post Nov 15 2015, 01:39 AM

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QUOTE(eastken @ Nov 15 2015, 12:19 AM)
10% rebate too many investor.
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Yes, but more on investor wannabe. Strong investors doesnt like hefty discount property, provided the product and price is right.
Chris Chew
post Nov 15 2015, 10:59 AM

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QUOTE(PeriPeri2014 @ Nov 15 2015, 07:33 AM)
This year join few investor club, i find out those investor own a lot of property using no money down. They keep buying property with heavy rebate with keep down alot of cash as reserve and trow in some % on renovation to rent out thier property. Most of thier property not branded developer smile.gif
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Very interesting topic boss.

There are many types of investor, club or group but I used to join one or two club or more on as a group basis.

With "low" or with "no" downpayment? Abt few yrs back, plenty of clubs using "low" term are quite successful, am not sure with "no" although I used to bought 1 prop with "no" downpayment. I take it only as successful due to property market price goes upward, ntg related to the successful or attractiveness of the condo itself.

I regard those were "Aggressive Investors" rather than Strong & Solid Investor bcz they tend to accumulate as much as possible with lowest or even without downpayment. Thats mean, the fund is there but with limit.

However, such story are highly unable to be replicate anymore in view of;
1) Price scale where most of the highrises back then was RM 200-300 psf vs RM 550-600 psf now
2) Refer back to above, the room of appreciation. A RM 250 psf condo increased to RM 500 psf today, can a RM 500 psf condo today increases to RM 1000 psf in 5 years, I not sure.
3) Supply back then was not high and there was no trend of everyone should buy the prop before the price goes up. Supply now is worrying. 2016-17 would be worsen where all unproven RM 500-700 psf condos, mass completion.
4) No LTV 70% few years back and loan eligibility back then was quite easy.
A RM 10k income back then, eligible u for at least 5-7 x 90% loan of RM 250k condos
A RM 10k income now, only generates RM 8k net income and only can take 2 x 90% loan of RM 600-700k condos
Now, only 2x 90% loan.
5) Financial lenders do not highly anticipating of mortgage lending for at least until 2016, they approved loans with extra cautious.

My friends regard me as a bit "aggressive" but I dont think I am that aggressive and as hot as those clubs vision. I dont consider I am successful yet, just hope so when I reach 40 later.

Buying into "no" downpayment project is massively different pool of buyers in terms of qualification or quality, cashflow, holding power and strong asking power of price & rental upon VP or completion.

Chris Chew
post Nov 15 2015, 11:41 AM

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QUOTE(Kayrol25 @ Nov 15 2015, 08:59 AM)
mr president.. what is ur opinion on Alam Impian i&P project ?
hmm.gif
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Very good quality houses and very potential of harmony residential, price and size are well worthy to look at.

Among all the reputable developers' township and landed project, AI is one consider that quite value for money, in view of the township is on-going and the current houses are big built up from a normal foot print of 24x80 or 25x85, where else, other developer concentrates more on smaller scale of 20x70 to 22x75.

I suggest AI by I&P is very value for money for own stay, if investment, got to hold a bit long, bcz I&P doesnt launch many units a year and the sales now consider pretty slowdown bcz they selling plenty phases of Pentas or 25x85 DS superlink. Furthermore, the incoming of Bdr Rimbayu affected it a lot, plus Tropicana Aman and Eco Sanctuary added to the competition the AI was facing, where previously, extended to Bdr Botanic and Ambang Botanic Klang.

The house quality is very good, not required to do mass renovation unless extension. Facade is great looking in a row by row but a bit dull, too I&P or Balinese colour. The commercial planning is keep on the way, but I really not keen with the ideas and execution. Bdr Kinrara is one of the big township ( 2k acres ) with the best location, although the houses here are appreciated very well, thats thanks to the emerging of Puchong, commies via Puchong Jaya, routes to Jln Klg Lama and near Bkt Jalil, BK is consider failure based on the amenities and infra given.

IMO, AI location triumphs all above ( not BK ), with being the nearest to Kesas Highway and with LKSA, it has alternate route to Federal Highway or PLUS, all the mentioned were main highways we are using. If one considering nearer to KL, AI also beats Botanic versions, dominated by Chinese majority while, AI is dominate by Malays.

However, I feel the masterplan of AI is quite, old versions and not really improving. Any of BR, TA and not to mention ES will beats AI hands down and in terms of execution of township planning and ideas, I don't think I&P is able to match IJM, solely based on Seremban 2 execution. TA i not sure, but i believe they can do so, EcoWorld, I am much confident about them.

In longer 7-10 years term, I suggest the almost 5000 acres Canal City with the big 4, BR, TA and ES plus upcoming Gamuda Land ( before one more land is unknown to which developer ), can comprise a well and great township and have high potential to rival the SEH-SEH2-EM-EF combination.
Chris Chew
post Nov 15 2015, 11:45 AM

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QUOTE(wonghs @ Nov 15 2015, 11:29 AM)
Response so so only. Nevertheless I booked one : )
Market is really slow, developers should give more discounts and freebies. They are going to have a tough time ahead....
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Congratz anyway....

Above quote 70-80% sold, I think consider very decent d.

Chris Chew
post Nov 15 2015, 04:39 PM

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QUOTE(lorrydriverrocks @ Nov 15 2015, 02:35 PM)
As of 12:10PM...bought one of the end lot unit

[attachmentid=5306523]
yup...to be exact its about 132 units
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Ohh, congratz lorry tycoon ... can share the price for the end lot with extra 5" land?

Hm, wondering what is the blue colour rows mean on the left side photo.


Chris Chew
post Nov 15 2015, 05:03 PM

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QUOTE(wong8981 @ Nov 15 2015, 01:20 PM)
Address is true a concern for certain ppl, some still prefer prime like pj/usj/puchong.

Besides, you are right on the pricing but in certain sense. With current market definitely sub-sale should be in first consideration as there are lot of superb deal i assume brows.gif
But there are also some group of ppl who wish to owned a property however without that much of cash to folk out at one time too hmm.gif
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Address and location is forever a concern and remains as a discussion until the BR is maturing into half matured. BR only has 2 phases VPed and some follow suit, and no townships are having 90% occupation in a fortnight.

This is applicable to any new township in whole KV, or even new 'tamans" in some decades back.

What was people's feeling when they move into Subang Jaya more than 20-25 years ago upon first completion of the SS serie, where no NPE and not much accessibility.

What was the same bunch of people thought when they moved into USJ 1 and USJ2 about 20-25 years ago?
Even upon 10 years ago, people still claimed to me that USJ is very far from KL, jam non stop, not much commercial activities and not convenient compare to Subang Jaya series. That's part of my concern that I quite reluctant to move into USJ back then until 2008-2009, things had changed and got used to it. I still believe now, USJ, esp USJ 3 or 4 along with USJ 2, 6, 9 and 11 remains one of the best housing communities in whole Subang / USJ / PH ( all Sime Darby regions )

Same goes to my friend who once told me that he told his quote to his mother " I dunno why the f my dad sold the freaking good single storey semi d in PJ and bought a lousy big superlink in a new taman next to a forest or bushes called Jln Maarof bangsar ", that was about 25-30 years back, no BSC, not much commercial activities like current Telawi and it took more than 30 min to go Dsara Heights without any jam ( back then, the linked to LDP / Dsara not opened yet ). They found not convenient at all for at least 5 years except the primary school he attended.

While we having a chat at Alexis Bangsar few years back, " he said, thanks god my dad sold the stupid semi d back then and used the RM 200k cash to buy this Maarof house with cash, which worth more than 2.5 mil now " and added " thanks mum, I was born as your only son "

I always believe every new townships are surely having it's own value upon a time, therefore a crucial of a timing of golden period.

Chris Chew
post Nov 15 2015, 05:22 PM

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QUOTE(wong8981 @ Nov 15 2015, 05:12 PM)
Now we know where meet boss chris for TT session laugh.gif
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No lah, thats if weekend chill out coffee session. Normally I prefer kopitiam or mamak.
Chris Chew
post Nov 15 2015, 05:51 PM

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QUOTE(wong8981 @ Nov 15 2015, 05:23 PM)
Tt = teh tarik , whats ur defination for tt brows.gif
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Aduh, teh Tarik lo, abu? What TT can do at kopitiam or mamak? lol.

Chris Chew
post Nov 16 2015, 12:22 AM

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QUOTE(lorrydriverrocks @ Nov 15 2015, 06:45 PM)
Chris gor, for type A about 730k+, type B about 760K - 780k

Blue ones are Type C - extended kitchen, buildup about 2000+
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Ohhh, thanks for ur info boss


Chris Chew
post Nov 16 2015, 12:45 PM

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QUOTE(phonixloo @ Nov 16 2015, 12:19 PM)
So in short, we can still call it INVESTOR.  tongue.gif

As they believe the price will continue to appreciate (much higher than bank FD). 

But this type definitely different from those FLIPPER type  brows.gif
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Haha. Aiyo, investor or investment is very subjective and could be changed from time to time.

My friends follow me to buy the condo for investment abt 3 yrs back, now VP, already claimed wanna own stay better and not willing to fork out higher cost to buy again. 2 of them simply bought the small units as per my advised if intend for easier exit but now end up tegret and should have bought bigger units. We wont know what happen 3 yrs on.

I buy property for investment, but I am not an investor.
Chris Chew
post Nov 16 2015, 01:31 PM

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QUOTE(BEANCOUNTER @ Nov 16 2015, 12:59 PM)
yes we called them flippers tongue.gif
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Haha. Yeah, everyone buy prop will also intend to or may sell in 3, 10 or even 50 years later. We all are flippers.
Chris Chew
post Nov 16 2015, 10:54 PM

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QUOTE(eastken @ Nov 16 2015, 04:52 PM)
But you keep haizz.. seems you are regret.
OK, maybe you can think on this way.
If buy penduline new launch, you need 50k. and house size you ok with 20 70.

if you plan to buy subsales, but you target which year later?
if let say 2016, chimes DEAD chicken 650k, you need 110k. 1 year you can save 60k?
if let say 2017, chimes DEAD chicken 700k, you need 120k, 2 years you can save 70k?
or 2018 you think still got 750k for DEAD chicken? maybe need save around 80k.
If you can do it, then no need haiz. just wait for subsales DEAD chicken later blush.gif
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Haha.

+1 for ur consultation.

Chris Chew
post Nov 16 2015, 10:58 PM

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QUOTE(eastken @ Nov 16 2015, 09:20 PM)
Should be below:
Premium = ¼ x 1/100 x Market Value of land (in sq ft) x number of years to renew x land area (in sq ft)

Example: For a 3,000 sq ft residential property in PJ with 10 years remaining on the lease (assuming it was valued @ RM120 per sq ft by the Authorities), the lease renewal fee calculation is= 0.25 X 0.01 X 120 X 89 X 3,000 = RM 80,100.

P/S:
PJ is high Value of Land compare Kuala Langat.
At this moment, Selangor have 2 options for renewal,
option 1 - RM1,000 for own stay
option 2 - 30% rebate for normal renewal (From above case, After deducting the 30% rebate, the fee payable would be RM 56,070)

But not sure after 90 years, what option will be.. Hahaha.
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You're correct, boss.

But nvr hear ppl only to renew the lease when they only left 10 years leased, the costs sky high. Normally should be btw 25-35 years left should apply dy, bcz takes quite long.
Chris Chew
post Nov 17 2015, 08:09 PM

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QUOTE(wong8981 @ Nov 17 2015, 01:44 PM)
Yes , fair, some folk canot accept leasehold. We canot twist this fact 👍🏼
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I think so. Lol.

But I started to like LH very much, provided the price is right and not selling at FH price.

Chris Chew
post Nov 17 2015, 08:14 PM

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QUOTE(BRE @ Nov 17 2015, 12:11 PM)
Me no guru la, u r the mahaguru la! biggrin.gif

Very hard to find other townships which has similar features and size like BR la taikor! Maybe can compare BR with freehold bigger townships like BA, SEH, EM, BPB, Serene Heights etc.

Pricing wise, Penduline is not cheap at all as there are a few other bigger DSLs in freehold townships that are cheaper but township planning different la.

For buyers, they must compare the overall features before deciding which prop to buy. As the townships are new, it would be difficult to compare the friendly environment la, can only see it in the masterplans and hope the developers deliver their promises.
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Yes. Concurred.

A bit hard to compare directly with other similar townships that has been matured and might not be almost the masterplan that BR is having from its 1900+ acres. Comparison for opportunity of buying is ok but unable to draw a clear winner.

Btw, I compare BR vs EM vs SEH bcz all are almost similar new townships on the same current decade. Unless buying for own stay, each individual has its own preference.


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