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 Elmina by Sime Darby v2, Part of Selangor Vision City

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kochin
post Nov 16 2015, 01:59 PM

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QUOTE(New Klang @ Nov 16 2015, 01:43 PM)
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.
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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.




kochin
post Feb 23 2016, 04:20 PM

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QUOTE(emeryn @ Feb 23 2016, 04:16 PM)
ohh.... wanted to ask about the "fence" or dunno what is it called infront of the windows on the master bedroom. What are those actually? Still need to install window grill? just wondering how should it be done.
*
if it's sliding windows, you can install inside or outside.
if it's swinging windows, you can only install inside.
kochin
post Sep 23 2016, 04:47 PM

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wow. very impressive.
4k+ built up.
nice.... very nice.


kochin
post Sep 23 2016, 04:58 PM

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QUOTE(8sg9ft @ Sep 23 2016, 04:51 PM)
Beli lah satu kalau suka  brows.gif

Actually I also like the design..but BU so huge the price should be more than 2M  laugh.gif
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i really like it.
but knowing SD, it's beyond my reach lor.
look at their AD. until now also nobody staying in their pilmoor. so bloody expensive.
kochin
post Sep 26 2016, 08:03 AM

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QUOTE(8sg9ft @ Sep 23 2016, 04:51 PM)
Beli lah satu kalau suka  brows.gif

Actually I also like the design..but BU so huge the price should be more than 2M  laugh.gif
*
surprise surprise!!
cheapest unit is less than rm2mil!! brows.gif
kochin
post Jan 16 2017, 08:53 AM

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cantik!
kochin
post Mar 23 2017, 09:02 AM

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true superlink.
very nice size.
kochin
post Jan 12 2018, 01:46 PM

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From: Malaysia


read a header saying elmina is a gdv rm29bil development????

how's living condition for those staying there presently?

 

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