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 Elmina by Sime Darby v2, Part of Selangor Vision City

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Babizz
post Apr 14 2017, 10:00 PM

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QUOTE(Fazab @ Apr 6 2017, 03:08 AM)
Not so sure oh.......Elmina city 'oldest' part - Bkt Subang - launch 2001 - so call tiny tiny commercial centre more or less dead. Then Denai Alam launch in 2005 - their commercial area also dead. Then the Boulevard shophouses in front there completed two or three years back - also not meriah, only rows fronting the main road got activity, otherwise - dead. Sime Draby good at building houses and nice residential concept, but not commercial. Prepare to travel a bit for shopping etc., or wait long long.
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Of the top of my head saime has only built 2 highly successful townships with commercials namely subang jaya and ara damansara. Even PH is like an average township while jelutong has very strong houses n reputation but weak commercial.

Saime builds very nice houses though.
Babizz
post Sep 30 2017, 09:27 AM

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Do you even know how to even calculate nett profit??????
Subsale price-original nett price from developer-agent-RPGT-interest=Nett profit
700k-645k-14k-14k-17.5k(2.5% fr 2 yrs)= 9.5k nia.
If based on ur loan amount calculation, everyone can make millions of "profit" if 90% of the house is paid in cash.
Caveat: The above calculations does not include opportunity and holding cost

QUOTE(redalert @ Sep 26 2017, 09:35 PM)
friend of mine sold its EV2A unit recently from original 645K to 700K before the unit even completed. easily gross profit for 2 years is 55K and the net is around RM100K for 2 years. For someone like my friend, is more than happy to get the return even before the unit completed, and once completed, can transfer the name immediately.

If the net profit around RM100K within 2 years and even before the unit is completed consider as not a good investment, may b im wrong to classify Elmina as a good investment
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QUOTE(redalert @ Sep 27 2017, 04:24 PM)
Gross bcos 700k - 645k
Net bcos 700k - loan amount  +/- 580k
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QUOTE(redalert @ Sep 27 2017, 04:29 PM)
yeah luck...nvmind, its always luck..haha

yup got agreement...the moment u confirm sell it, the buyer need to pay 10%
- 2% goes to agent
- 2% estimation for RPGT
- 6% goes to my friend

once completed, then pay for lawyer, balance RPGT if got balance, then the rest is urs...
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