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 EcoMajestic @ Semenyih (VERSION 8 - Huat ah!), ~ Let's continue the party! ~

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TSJasoncat
post Sep 21 2015, 08:26 AM

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QUOTE(Princezz @ Sep 21 2015, 07:55 AM)
46 units starting from RM1.7mil in Semenyih for a 2 storey shophouse is really mind boggling. My friend bought Taipan at Ecohill recently for RM1.8 mil but 3 storey 28x75. Is Ecoworld over pricing their shophouse just because there are good demand for shophouses in this new growth area? Heard Ecohill will also be launching their phase 2 commercial next year, next to Taipan, concept wise similar to that of Setia Walk in Puchong. Maybe they too will revise their pricing if Ecoworld is successful in selling their Brighton.

Longer term, I think commercial got good prospect in Eco Majestic and Ecohill due to the large natural catchment area but with such pricing, are there better bets else where? In fact I am have been looking around for shophouses to invest. I hv checked Seremban 2, Sendayan, Melaka, Rawang, Melaka and now actively Semenyih. Now narrow down to Seremban 2 and Semenyih as both are new growth areas. Unfortunately prices have shot up in the last 12 months. cry.gif  cry.gif  cry.gif
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Hmm... confirm starts from RM1.7M? Earlier heard the entry was RM1.6M hmm.gif
I do share the same view on the prospect of the commercials in EM and SEH but I still have reservations on the location of the commercial units (Brighton) EM going to launch, more so when they price it higher than Ivoris which appears to me more suitably located. I have limited bullets - if to invest commercials in a already successful area, very likely it is beyond my capacity. So, commercials in a rather new township which I have strong conviction of its potential is a more possible choice for me.

Relatively, 3-storey shophouses at RM1.8M seems a better deal vis-a-vis RM1.7M of 2-storey. Having said that, I still think that 2-storey is enough in Semenyih.

Seremban 2 - Plazo, when they launched, have you thought about it? The next launch heard very likely next year...
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post Sep 21 2015, 12:39 PM

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QUOTE(KL_ppl @ Sep 21 2015, 10:11 AM)
What's the size for Brighton? Larger than Ivoris?
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Shall be 24'×75', 5' shorter than Ivoris. BU not sure.
TSJasoncat
post Sep 21 2015, 12:41 PM

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QUOTE(elmond @ Sep 21 2015, 11:39 AM)
if the model is correct, there are two central parking

user posted image
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Don't quite get you - central parking?
TSJasoncat
post Sep 21 2015, 12:47 PM

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QUOTE(Princezz @ Sep 21 2015, 10:56 AM)
From very reliable source, yes, it is starting from RM1.7mil. I do not know EM layout well enough to comment but many Ecoworld top guns whom I spoke to seemed to prefer Brighton location to Ivoris. Many of them hv reserved Brighton. I am really sceptical about the yield. Like u, I am only looking at new growth area as it is more affordable and better chance to make a bit more but prices are getting crazy especially from reputable developers.

Would you consider buying Brighton if you are given one? I liked Taipan a lot due to the very cheap entry price and location. Unfortunately, cannot get one. Waiting to see how they price phase 2.

For Plazo, Seremban 2, in fact I went to their sales office on the day of launch, very early in the morning some more like 6am. I saw a long queue for a limited units available. Was told that all units of the 2 main road and residential area fronting rows were all sapu by internal and their associates. My cousin, who has connection in IJM got a unit facing main road at close to RM1 mil per unit. At that time, I thought it was a very high price to pay but now it looks like a steal as I heard from my colleagues who are staying in Seremban, the location of Plazo is superb. I did not get one as I did not bother to stay on as the queue was long.

Looks like demand for shophouses is still hot.
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I'm considering about it if given the choice but RM1.7M seems out of my reach.
Btw, mind to share why the top guns you spoke to opined that Brighton is at a better location? And the top guns you mentioned not the directors of EW right? tongue.gif
TSJasoncat
post Sep 21 2015, 02:18 PM

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QUOTE(MiracleLucky @ Sep 21 2015, 01:48 PM)
Below the pics are two blocks of white color buildings which to be used for residents parking.
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QUOTE(samkps @ Sep 21 2015, 02:15 PM)
The plots with covered parking are medium cost, don't confuse with Simfoni.

From right to left is Simfoni, Karisma and Harmoni.
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Yup Samkor is correct on this.
TSJasoncat
post Sep 21 2015, 07:10 PM

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QUOTE(Chris Chew @ Sep 21 2015, 04:38 PM)
Hmm, perhaps below is my small opinion.

On the masterplan, it looks The Ivoris have the upper hand compare to the Brighton, where the Ivoris was located to the exact commcerialized areas, all precincts within EM, neighbourhood of SEH2 and the accessibility of the new LEKAS interchange.

However, I feel both have their own reasons to take a look on.

The Ivoris, looks a grab on before where there are no such pricing of a commercial shop for below 2mil launched in 2014 or even early 2015s. The definition of potential is there due to surrounding suburbs and expectation of the housing area were all min RM 600k onwards, scale to RM 1.2mil averagely of Tenders, before the upcoming potential of current commercial plots next to itself.

The potential is there, but yet to mature and most purchasers would assume and ponders it could be estimated a wait of 5 years from now for potential capital hike and a projected 10 years could be handsome or lucrative payoff where on going projects are tentatively to be matured after 5 years of completion ( Gentlebre, Cradleton, Merrydale, Tenderfields shall be 8 years completed upon 2024 projection )

The Brighton, the 2 rows of the shops with a target segment of low to medium term with panic button "exit", is targetting the future of Gentlebre ( slower pace, due to self built bungalows ), higher end Noblegate ( expected could be semi-ds, or else, mil dollar cluster or superlink / parkhomes ) and mixed it with the crowds of Simfoni, Karisma and Harmoni, thus this cluster would have more occupancies / crowds within 5 years from now and let's taken into consideration that, the folks / crowds from the maturing on Jalan Semenyih / Jalan Kesuma are easily accessible to the Velveton or the area of The Brighton.

IMO, The Ivoris is tend to be greater and outer profit or potential with the longer period to hold, but The Brighton holds the current potential of the mass marketness compare to The Ivoris and falls under the segment of medium term btw 5- 10 years. I expected The Ivoris would be clear cut if the SilverSquare would be successful upon 10 years project and surely, lower entry price compare to Brighton.

If the Brighton purchasers are the quality of The Ivoris holding power, there would be no fire sale and my quick ponder would be are they selectively to choose their tenants or just simply rent out to cover monthly interest? Eloese, if these buyers able to pull on the mass market business, The Brighton would be a success ahead of Ivoris before 2020.
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Chris boss, great analysis.
I'm of the view that Gentlebre plus Noblegate together provide inadequate volume (more so these are dedicated to be high-end precint which is ecpected to have lower density) to support the commercials at Brighton though this will be largely compensated by the large number of residents from Velveton and the nearby residential area in Kesuma. Of course the schools nearby there do help. For any location further (out of EM township), I may have doubt whether the people will drive in to the East Gate or will just drop by the shops along Jalan Semenyih for the sake of convenience. Further, looking at the masterplan, the Velveton is also deemed next to Ivoris, thus I just can't simply assume people stay in Velveton will come to Brighton - perhaps 50% to 60%?

Other factors to put into consideration is the type of biz that one expect will sustain in the vicinity and the expected targeted crowd (diff spending power) that will be pulled in which may in turn affect the rental yield and capital growth. In this respect, Brighton is located between the precints with residents of strong (Gentlebre, Noblegate) and relatively weak (Velveton) spending powers. So what will be the biz mix then is sth quite interesting to me. Just for instance, will a Starbucks or Ah Kau kopitiam survive better there? I tend to believe more typical local brand will be there, based on the residents composition.

Notwithstanding the above, I'm still considering... of course if given the chance and budget allows.
TSJasoncat
post Sep 22 2015, 04:33 PM

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Thanks Wan83 for the heads up!

Eco World buys 26 parcels of land for RM15b township in Kuala Selangor
http://www.theedgeproperty.com.my/content/...-kuala-selangor
TSJasoncat
post Sep 22 2015, 04:54 PM

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QUOTE(rickyro @ Sep 22 2015, 04:40 PM)
The size of Kwasa Damansara  biggrin.gif
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Kwasa is in 1 piece right?
Not sure EW's ones are in 1 big piece or in few pieces (I believe so) as there are 3 developments involved - a township named ‘Eco Gardens’ (1,400 acres), an integrated and gated industrial hub ‘Eco Business Park V’ (518 acres), and an affordable homes’ portion to be known as ‘Laman Indah’, which will be built on the remaining 280 acres.
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Post #1252 by Samkor confirmed land in few pieces. Network problem, very slow in sending...

This post has been edited by Jasoncat: Sep 22 2015, 04:58 PM
TSJasoncat
post Sep 22 2015, 05:31 PM

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QUOTE(samkps @ Sep 22 2015, 04:54 PM)
If following the tradition, there should be new infra from this landbank to Gutrie / LATAR..
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I belive there won't be exception brows.gif
TSJasoncat
post Sep 23 2015, 05:01 PM

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Private (exclusive) event for Eco Majestic and Eco Sky buyers!!!
Finally it comes to Eco Majestic! icon_rolleyes.gif thumbup.gif

This post has been edited by Jasoncat: Sep 23 2015, 11:16 PM


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TSJasoncat
post Sep 23 2015, 06:05 PM

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QUOTE(MiracleLucky @ Sep 23 2015, 05:53 PM)
Boss, will u be attending the lantern festival?
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Yup boss. You?
This is EM 1st Mid Autumn Festival in its current new Sales Gallery.

Btw, notice it is written there "Private Event". Last year it was for purchasers, this year also the same? hmm.gif

This post has been edited by Jasoncat: Sep 23 2015, 06:08 PM
TSJasoncat
post Sep 23 2015, 06:27 PM

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Just did a little compilations on the comments / share of thoughts by forummers here on Brighton...
Post #975, #1233, #1240, #1242, #1243, #1244, #1268, #1270.
TSJasoncat
post Sep 23 2015, 09:42 PM

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QUOTE(wong8981 @ Sep 23 2015, 08:50 PM)
For EM and ecosky buyer only i think based on the symbol at the bottom of the pic.
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Yeah I think so... shall be an exclusive event as last year.
TSJasoncat
post Sep 23 2015, 09:45 PM

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- duplicate -

This post has been edited by Jasoncat: Sep 23 2015, 09:46 PM
TSJasoncat
post Sep 24 2015, 07:33 PM

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QUOTE(restful increase @ Sep 24 2015, 07:31 PM)
launching soon..
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Yeah bro, launhing on 25October.
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post Sep 24 2015, 09:10 PM

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QUOTE(shadowofevil @ Sep 24 2015, 08:54 PM)
Mellowood launching? Mean show house is almost ready...time to revisit EM... =)
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I thought you will say "time to whack another one" lol tongue.gif
TSJasoncat
post Sep 24 2015, 09:30 PM

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QUOTE(shadowofevil @ Sep 24 2015, 09:22 PM)
I small penut bro...6C6C je...mana mungkin bro...900k!!
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There are 4 types, the smaller footprint shall be around mid RM8xxk lah.
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post Sep 24 2015, 10:40 PM

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QUOTE(restful increase @ Sep 24 2015, 10:14 PM)
The salesperson told me they are looking at min gross price of rm900k for the cheapest unit. They have not finalised the rebate amount yet. So after the rebate it may drop to a nett price slightly below rm900k (this is just my guess). When i told him, it sounded expensive for an intermediate terrace hse, the salesperson highlighted that the parkhomes has its advantages over a normal terrace hse in terms of safety for children and also every new phase launched, there will be a slight increase in pricing premium. That was how he justified the rm900k price tag. Anyway on 25 oct, Chang khim wah (CEO of Ecomajestic) and the renown Joey Yap will be giving a talk on the uniqueness of Mellowood and this may form the justification of its heftier price tag. For those who wanna know more on how Mellowood stands apart from the previous launches, do make a beeline to the talk held at Ecomajestic sale gallery on 25 October.
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They have revised their pricing plan? (which differs form what I gathered) hmm.gif
I think that's steep vis-a-vis the Merrydale though have already expected an increase in price.
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post Sep 25 2015, 02:01 PM

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The Mid Autumn Moonlight Magic (refer post #1272) is confirmed an event for purchasers only.
TSJasoncat
post Sep 25 2015, 03:40 PM

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Sth long anticipating will be revealed soon.....

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