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

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Jasoncat
post Jun 2 2015, 10:18 AM

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Very nice pic.
Jasoncat
post Jun 3 2015, 11:11 PM

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QUOTE(eastken @ Jun 3 2015, 10:41 PM)
New precinct.
22x70 will be left beside after road of precinct. periwinkle on the master plan.
service apartment will be between wisteria and chimes around that area.
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This service apartment is the one "near to the border" of BR and next to the shop right? Understand that the shops in that area will also be launched year end. 4Q is busy quarter for BR? hmm.gif
Jasoncat
post Jun 12 2015, 08:31 PM

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QUOTE(zzzhhhzzz @ Jun 12 2015, 03:28 PM)
hi guys ... do you all encounter any disbursement problem from the bank for subsequent progressive billing (meaning progressive billing after the first disbursement). My lawyer ask me to chase after the bank directly... Anyone experience any disbursement delay after the first progressive billing ?
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After the 1st disbursement, there shouldn't be any delay in the subsequent drawdown as all the documentations should have already been done before the 1st disbursement. I can only think of 2 possibilities ie the delay in receipt of the billings by the bank (though purchasers have received it) or the bank's fault in delayed disbursement.
Jasoncat
post Jun 22 2015, 01:47 PM

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QUOTE(jeffreyee @ Jun 22 2015, 11:26 AM)
Is Ijm going to build semi d in future. Current Periwrinkle is cluster type
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Being such a big township (the biggest among Bandar Rimbayu, Tropicana Aman and Eco Sanctuary), I believe there will be various types of residential here including semi D and bungalow.
Jasoncat
post Jun 24 2015, 02:06 PM

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QUOTE(phonixloo @ Jun 24 2015, 02:04 PM)
Ha ha.... This is what I dream, but unfortunately we don't get this.

Only strata title will get this kind of guard post
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How far will be the gap between expectation and actual?
Jasoncat
post Jul 1 2015, 07:45 AM

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QUOTE(Nat6699 @ Jul 1 2015, 06:55 AM)
Flippers needed, else the property price won't appreciate.  flex.gif
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Agreed that a good mix of flippers, investors and genuine home buyers are needed.
Jasoncat
post Jul 1 2015, 09:14 AM

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QUOTE(eastken @ Jul 1 2015, 09:06 AM)
Yes, sometimes i also agree on this.
Because the concept is flippers Take Risk to help Developer Sold Out, in order Developer got Cash Flow / Capital to build further more phases.
If no flippers, phase 1 remain many, developer no cash flow no confident, then no new further phase, township dead.

So flippers earn less than 100k also make sense, because need take risk. So investor holding longer for many years for 200k also good.

But this concept is implement to good developer with control on purchaser like Q, like ballot and etc.
Not like some many developer, let few big group of people bulk bought and they control the sub sales price.
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Yeah, those dominated by few big groups of bulk purchase likely will have higher proportion of flippers which to me supposed to be the lowest % for a healthy mix. Anyway, flippers are needed for "price discovery".
Jasoncat
post Jul 3 2015, 11:29 PM

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QUOTE(eastken @ Jul 3 2015, 10:43 PM)
Paid 10%, then progressive time only pay 10% of interest instead of 90%.
another 80% only start installment when complete.
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Says borrow 90% loan. During construction period, only need to pay interest for the (S&P price x 10%), the balance (S&P price x 80%) interest to be absorbed by developer? Is this the case?
Jasoncat
post Jul 4 2015, 12:11 AM

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QUOTE(eastken @ Jul 3 2015, 11:53 PM)
I think theorically is like that. Indirectly also like dibs. But this still need pay progressive interest of 10% of S&P price
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I see... given the interest is only on the relatively small sum ie 10% of S&P, this scheme seems to me carries 90% DNA of DIBS. If loan is 80%, it means no interest servicing at all by the buyer during construction period which become 100% DIBS DNA. Just wondering whether any regulatory compliant issue hmm.gif
Jasoncat
post Jul 4 2015, 12:37 AM

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QUOTE(eastken @ Jul 4 2015, 12:30 AM)
IJM rich. Maybe the 80% loan developer do not claims first. Until complete only claims. Means concept is similar build first sell later.
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If this is the case it does really help the buyer to own a house in BR smile.gif Those who want to flip still better think twice if can't hold.
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post Jul 4 2015, 01:12 AM

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QUOTE(zzzhhhzzz @ Jul 4 2015, 12:46 AM)
Aiya.. Actually periwinkle going to vp in another 8 months..you sign SnP today .. First drawdown will happen more or less  3-4 months down the road... Progressive interest max is about 80% before VP.. You actually save interest for less than 60% of SnP price for few months only.. Most probably around 10k there.. So they increase the price by 15 k and offer this promotion to you (instead of giving you rebate on your downpayment)... More like a marketing gimmick to me
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Only for Periwinkle? I see... thought incl other like Wisteria too.
Jasoncat
post Jul 6 2015, 09:51 PM

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QUOTE(phonixloo @ Jul 6 2015, 05:11 PM)
1st AGM done.  So now we are going for the registration. smile.gif
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How was the turnout during the AGM?
Jasoncat
post Jul 6 2015, 11:03 PM

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QUOTE(phonixloo @ Jul 6 2015, 10:53 PM)
Can't say it is overwhelming, but we do have a good discussion.
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Since you are quite active here I guess you are ready to joun the RA? wink.gif
Jasoncat
post Jul 6 2015, 11:18 PM

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QUOTE(phonixloo @ Jul 6 2015, 11:15 PM)
I hold one of the key post in the RA  tongue.gif

Still lots of efforts needed before everything materialize.
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Good! Trust that with more people who care about the community to join the RA like you it will be a successful one smile.gif
Jasoncat
post Jul 8 2015, 11:17 AM

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QUOTE(botack @ Jul 8 2015, 10:53 AM)
going to wash my house this week since they have finally completed the rectification work, aircon install will be this week too. After raya moving in.. thumbup.gif

I don't think my row will have anybody moving in anytime soon. It seems deserted back there.  laugh.gif
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Overall how's the workmanship? Does IJM accomodative to your claims on the defects or try to push the responsibility? How's the experience so far?
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post Jul 8 2015, 12:01 PM

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QUOTE(botack @ Jul 8 2015, 11:46 AM)
I don't have the before and after picture but the before quality is not that bad, my defect list is 2 pages long. But IJM is very helpful especially the PMO people.

I went to check on my house after I have submitted my 1st defect list. I noticed that the 2nd floor toilet has some leaking. Came by again the next day to check on the progress, they have rectified it even though it was not on the original list. They even checked other parts of the house, some I have overlooked too and they managed to rectify it too.

I do have some complaints on their wall paint as I have requested them to paint back the wall, but they only did some minor touch up. But overall, it is a very good experience. They do have a lot of houses to rectify, but they kept their word by 30 days, it will be done.
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Sounds good particularly on the part that they checked and rectified other parts which were overlooked. thumbup.gif
Jasoncat
post Jul 8 2015, 06:39 PM

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QUOTE(MeToo @ Jul 8 2015, 04:17 PM)
Sky high?

Of the 3 developments there... RImbayu is priced in the most affordable manner
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Bro, among the three, BR is priced the most affordable but could still be a heavy burden to some sweat.gif

Btw, how's your hunting?
Jasoncat
post Jul 8 2015, 06:48 PM

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QUOTE(MeToo @ Jul 8 2015, 06:42 PM)
Tarik handbrake.

China, Greece, Msia's political instability. No hurry, slowly look for sub sales in KK.

First priority is attending botack's house warming  tongue.gif
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I think your financial is solid - less worry.
Personally, for own stay, I prefer to buy fresh new from developer rather than subsale.
Jasoncat
post Jul 8 2015, 07:33 PM

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QUOTE(MeToo @ Jul 8 2015, 07:09 PM)
to sidetrack abit...

Its us the middle class that is most worried about the economic well being of a country bro. Take Argentina in 2002 for example, they can even seize the retirement fund (read : KWSP) in order to prop up the country. THe poor have nothing to lose, the rich have already hedge their position elsewhere, the middle class have no where to go.

To be frank I'm eyeing Singapore VERY seriously. Thankfully, its very easy to find employment for my line of work in Singapore.. pay comparison to Msia is 1:0.8/0.9, so its pretty doable.
as for buying form developer or subsales... it depends on the amount of renovation we are prepared to dump in, if its minor, definitely go for new builds, if its substantial, no difference between sub sales or buying new.
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To sidetrack a bit from my end too... tongue.gif

My view is that Malaysia is still not as bad as Greece / Argentina and still remain reasonably solid for its current fiscal position though those concerns raised by the rating agencies are valid too. Banking system is also well capitalized and better prepared for another financial turmoil compared to the Crisis in 97/98. Some may get hit but I believe those prudent ones will survive. I'm not the supporter to the current regime of our gov and I don't buta buta take the silly words of those jokers - anyway just my RM0.02 wink.gif

Btw, good for you to explore SG as the rewards there are really promising. A number of my friends who work there really happy with the fortunes they made after years of hard work.
Jasoncat
post Jul 24 2015, 12:14 PM

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QUOTE(peri peri @ Jul 24 2015, 12:00 PM)
looking for urgent sale  brows.gif
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Lol... dead chicken in other words. laugh.gif

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