What phase is this?


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I can't, the copy that I owned was not clear too.
check my thread at elmina v1, I think I did provide the source link

Ya but I think it's either removed or for certain users to download only. Thanks anyway!

phase 2.

This post has been edited by cwyan: Nov 15 2015, 01:58 AM

elmina garden vs elmina west....elmina garden look more high class. If I were you, I will do the very basic renovation. (dont reno if can) the workmanship for ariza is very good, you can save some moeny on the renovation.

This post has been edited by cwyan: Nov 15 2015, 02:02 AM

Ariza??

I think the agent said 699k or late 6++k. Mostly sold to SD staff. So a lot of staff can't afford to pay the monthly installment since its ready now. So they have to quickly let go. I bought mine from the head of human resource of SD.

Do you mind to disclose how much you bought and total cash you forked out?

yes

Pls share. I really wanted to get one unit pls.

Yeah i also heard that 90% sold to SD staff. Haizzzz

I bought for 745k. The owners wouldn't budge any lower but their unit was the best location for me. So i took it.

There was 1 unit owner willing to sell at 728k. But in front is a vacant land. Heard future will have a mosque there.

Another selling for 730k but facing junction. And 1 more selling for 735k but facing vacant land which will be future school.

If SDP's price is 699K then hardly any profits lo for the SDP staff! Unless bumi staff then maybe can get some minimal profits!

I tot the price was 599K, not 699k?

This post has been edited by BRE: Nov 16 2015, 08:57 AM

You might be right at 599k. 699k sounds a bit too high. I just remember there was a '99'. Lol.

They don't earn much, especially when kena RPGT

Bro, u buy for own staying or investment? Planned to get one unit and keep them for future. The design and layout was nice. Others are too big for me.

U may refer to the e-brochure and can see the location of the mosque and 3 schools. Omg!!! So many schools next to it.

I have been to the launch of elmina east.
Ariza price at 599k for intermediate.
All sapu by internal staff only left 1 corner for public.

For the photo above (with orange color frame), that one is not Ariza it is Keana 24x79, launching price at 700k++

Internal staff have staff discount, if they selling at 700k++ for Ariza, they're making good profit

you can use your lifetime exemption for rpgt leh

Ariza launch price 599K.

Bumi 7% and staff discounts 5% applicable. Total 12% discount.

If subsale price is 699K then profit before tax and costs is about 170K. Not a bad return for a simple safe low risk investment.

See photo.



This post has been edited by New Klang: Nov 16 2015, 01:46 PM


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is the bumi and staff discount combined or whichever higher applies?

low risk? at say 90% of 599k loan, one needs to service approx RM2.5k monthly installment?
assuming they do dispose within 6 months (including execution and handover the prop to new purchaser), that's still RM15k of interest cum installment to the banks.

you also need to factor in interest during construction, say 2.5% of the SPA price. say RM15k.
SPA fees (unless tumpang purchaser lawyer?). say RM8k.
insurance and deposit for utilities during VP. say RM1k.
quit rent, assessment. say RM500
Agent's fee (assume using agent). 2%. say RM14k.
RPGT deduction (provided did not use waiver and ada untung taxable). maybe circa 30% of RM200k = RM60k

so 170k untung - 15k - 15k - 8k - 1k- 0.5k -14k - 60k
56.5k.

so, still low risk or not?
don't look at the big figure.
prop investment is not that handsome a gain after all if you count all the cost involved.

Your calculation is very prudent as you have factored a higher cost so actual profit is more.

Whichever way you look at it, 100K investment to return 56K in 2 years is better than FD of 4% p.a.

Did u go through agent? mine to PM me the agent number? tks.