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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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.

From this observation, the trend of the new property price is still going up.

What is the trend for completed properties?

Still 50% bumi quota?

SD is large and cash rich. Lowering price may hurt its pride.

High price at this location is good.

Makes my property affordable for sale.

DASH will boom this area.

Isn't there a plan to make interchange between GCE and DASH?

If you like the quiet serene far away location without city hassle yet within driving distance to your basic needs then this is a good opportunity. Price wise is premium as the density per area is low.

Still 50% non bumi quota?

I think most freehold areas in Selangor are 70% non bumi. I am not sure in Shah Alam like Setia Alam or Kota Kemuning. I think another 30% non bumi quota was Laman Glenmarie, please correct me if I am wrong.

I am trying to use this metric to predict feasibility as a profit seeking investor/flipper like myself to take risk.

Usually house prices will be lower than market value for lications with higher bumi quota. This is to allow higher participation.

So Elmina prices cheap?

More excitement when KWASA gets moving as this is the key to attract mass commercial centre.

In 10 years, not very long. Potential township that may follow CBJ path.

This post has been edited by New Klang: Apr 20 2017, 10:31 AM

Persiaran Atmosfera is a shorter route but single carriage way.

There is a proposed connection between Kwasa and Persiaran Damansara Indah.

NOTICE IS HEREBY GIVEN that the Petaling Jaya City Council (PJCC) is desires of preparing a
draft Kwasa Damansara, Petaling Jaya Special Area Plan.
AND pursuant to Section 12A of the Town Country Planning Act 1976, PJCC shall take steps as
will in its opinion secure -
“(a) that publicity is given in its area to the draft special area plan that will be prepared,
its objectives and the purpose for its preparation, and matters that the local planning
authority proposes to include in the plan;
(b) that persons who may be expected to desire an opportunity of making representations
to the local planning authority in respect of those matters are made aware that they are
entitled to, and are given, an opportunity of doing so.”
THEREFORE IT IS HEREBY stated that the parties concern are invited and may examine
particulars which PJCC intends to include in the preparation of the Draft Kwasa Damansara,
Petaling Jaya Special Area Plan and accordingly may make representations to PJCC
in respect of those matters from 28th Mac 2017 until 28th April 2017 at Level 2,
Department of Development Planning, Petaling Jaya City Council, Jalan Yong Shook Lin, 46675
Petaling Jaya


http://www.mbpj.gov.my/sites/default/files/mbpj_bi.pdf

http://www.mbpj.gov.my/en/mbpj/media-centr...ent-preparation

http://www.thestar.com.my/metro/community/...-mbpjs-plan-to/

Elmina is a large development so SDP should prioritse and make it a sustainable township. SDP must restore the past ability that developed SJ and USJ as they had top class elite employees.

You have many reservations. I think a unit at BU, SS23, SS24 or D will suit you better. Just be prepared to pay 50% more for older houses.

You will not enjoy staying in Elmina as it is not matured like PJU.

This is the next Cyberjaya.

I follow this area since 2009. I am disappointed that such big GLC developer with big township was not assertive and proactive in ensuring MRT connectivity but rather waiting for things going to them like durian runtuh.

Elmina is not far from PJ but without connectivity the price isnt worth investing. When is DASH completion? Even completed, the toll price is painful.

DASH was on the Denai Alam sales brochure and now Elmina?

Waiting for DASH durian runtuh.

This post has been edited by New Klang: Apr 24 2017, 02:43 PM