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 Setia Alam V2, Township project in Shah Alam

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kswong77
post Aug 31 2016, 09:52 PM

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QUOTE(Mighty Duck @ Aug 31 2016, 12:33 AM)
Actually turning into Setia Alam, Percinct 11 and 17... u will see the cemetery from distant. Initially i did not really bother it or notice it ....... BUT during Ching Ming (Chinese Praying to Ancestor). U WILL NEVER MISS IT....... (Twice a year)
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is Albida facing directly with cemetery? I thought got Rumah Selangorku or Sentosa Apartment block the view.

Opacus also facing directly?

I just curious. Albida facing north all sold out. But Opacus facing north still got units available.
limsc07
post Aug 31 2016, 10:41 PM

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QUOTE(edtai @ Aug 31 2016, 06:32 PM)
Good bro, is yours for own stay? We will be neighbour soon. Look at the site progress I believe it will be VP by 3rd or 4th quarter next year. Damn... I just put down payment no long ago in July. Need to save money for renovation by then in this short period.

I like H-type as 1st floor is living room instead of bed room for J-Type. But no choice. All units sold and I really don't have choice that time. Getting this unit is considered very very lucky.
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Developer can claim money from bank and save interest on its working capital when complete this project earlier. Housebuyers like us are disadvantage in this situation bcoz the S&P price already factored in the developer's financing cost. 2ndly, our bank interest rate is mostly likely heading lower as BNM cutting interest rate in view of weakening economic condition now.

I see this 1090 scheme is not actually attractive; the S&P price is much higher compare to earlier phases.

Any opinion???
myBlanket
post Aug 31 2016, 11:11 PM

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QUOTE(limsc07 @ Aug 31 2016, 10:41 PM)
Developer can claim money from bank and save interest on its working capital when complete this project earlier. Housebuyers like us are disadvantage in this situation bcoz the S&P price already factored in the developer's financing cost. 2ndly, our bank interest rate is mostly likely heading lower as BNM cutting interest rate in view of weakening economic condition now. 

I see this 1090 scheme is not actually attractive; the S&P price is much higher compare to earlier phases.

Any opinion???
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For the 3rd launch Fusca, psf is about 340 after discount.
And this Edulis psf is almost the same too. It's just that the bigger built up reflected to higher price.

So i guess your deduction of this 10 90 scheme already factored into S&P price is not correct.

I see this as more to win win situation whereby buyer get to save interest, and develop complete project earlier so that they can claim their portion earlier. Well, i might be wrong but just my honest opinion.

By the way I'm not Edulis buyer, Fusca owner here. So jelly that Edulis buyer get to save interest, I'm serving interest now, so expensive. ☹️
kswong77
post Aug 31 2016, 11:16 PM

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QUOTE(limsc07 @ Aug 31 2016, 10:41 PM)
Developer can claim money from bank and save interest on its working capital when complete this project earlier. Housebuyers like us are disadvantage in this situation bcoz the S&P price already factored in the developer's financing cost. 2ndly, our bank interest rate is mostly likely heading lower as BNM cutting interest rate in view of weakening economic condition now. 

I see this 1090 scheme is not actually attractive; the S&P price is much higher compare to earlier phases.

Any opinion???
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how is this 10:90 work? any diff with DIBS?
myBlanket
post Aug 31 2016, 11:29 PM

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QUOTE(kswong77 @ Aug 31 2016, 11:16 PM)
how is this 10:90 work? any diff with DIBS?
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DIBS is developer pay interest to bank on behalf. But this 10 90 scheme is developer never bill any amount for progressive stage, once completed only bill total amount to bank. Thus, no interest since bank never release any amount before completion.

However, this require developer to have very strong cash flow. SP Setia so kaya, so no problem.
csdarkjedi
post Aug 31 2016, 11:30 PM

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Anyone know more about educity by HCK Group?
Seems not much info on their web?
myBlanket
post Aug 31 2016, 11:33 PM

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QUOTE(csdarkjedi @ Aug 31 2016, 11:30 PM)
Anyone know more about educity by HCK Group?
Seems not much info on their web?
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I think the college construction already ongoing.
kswong77
post Aug 31 2016, 11:34 PM

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QUOTE(myBlanket @ Aug 31 2016, 11:29 PM)
DIBS is developer pay interest to bank on behalf. But this 10 90 scheme is developer never bill any amount for progressive stage, once completed only bill total amount to bank. Thus, no interest since bank never release any amount before completion.

However, this require developer to have very strong cash flow. SP Setia so kaya, so no problem.
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icic. tqvm
edtai
post Sep 1 2016, 06:15 AM

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QUOTE(myBlanket @ Aug 31 2016, 09:42 PM)
Edulis just launched like 2 months back, and now this is the progress?? Super fast!
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Edulis launched in Mar16 together with Retusa the semi-D cluster. Someone cancel the unit so I managed to grab it. Due to this 10 90 scheme the developer has to complete the house fast so that to get money from bank fast. So potentially the quality of the house may be compromised.
myBlanket
post Sep 1 2016, 07:40 AM

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QUOTE(edtai @ Sep 1 2016, 06:15 AM)
Edulis launched in Mar16 together with Retusa the semi-D cluster. Someone cancel the unit so I managed to grab it. Due to this 10 90 scheme the developer has to complete the house fast so that to get money from bank fast. So potentially the quality of the house may be compromised.
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Ohh, that make sense! So maybe Edulis will be VP earlier than Fusca.
Let's hope no quality issue upon completion. Anyway, will there will be any fencing provided in this terraces precincts? Or they are relying on just the natural barrier?
edtai
post Sep 1 2016, 08:48 AM

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QUOTE(myBlanket @ Sep 1 2016, 07:40 AM)
Ohh, that make sense! So maybe Edulis will be VP earlier than Fusca.
Let's hope no quality issue upon completion. Anyway, will there will be any fencing provided in this terraces precincts? Or they are relying on just the natural barrier?
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Probably Edulis will have same VP time with Fusca as to complete this left area for Erythrina Series. By then they can continue the right area such as Decora, Elenae and Zeyheri which is closed to commercial lot of north SA. This is just my prediction. Perhaps someone can share it if know about the plan

Basically the area is surrounded by natural barrier instead of fencing. I stay in Impian 7 also semi-surrounded by fencing and so far so good w/o problem. House alarm and area security quality are important.

user posted image
myBlanket
post Sep 1 2016, 09:42 AM

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QUOTE(edtai @ Sep 1 2016, 08:48 AM)

Probably Edulis will have same VP time with Fusca as to complete this left area for Erythrina Series. By then they can continue the right area  such as Decora, Elenae and Zeyheri which is closed to commercial lot of north SA. This is just my prediction. Perhaps someone can share it if know about the plan

Basically the area is surrounded by natural barrier instead of fencing. I stay in Impian 7 also semi-surrounded by fencing and so far so good w/o problem. House alarm and area security quality are important. 

http://i1067.photobucket.com/albums/u426/e...zpseh4zzzwg.jpg
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But i noticed that there is fencing for this precinct 11 only for the Semi-D, have u been there?
csdarkjedi
post Sep 1 2016, 11:30 AM

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QUOTE(myBlanket @ Aug 31 2016, 11:33 PM)
I think the college construction already ongoing.
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Not sure that's why ask u guys. Seems not much info on public
edtai
post Sep 1 2016, 11:56 AM

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QUOTE(myBlanket @ Sep 1 2016, 09:42 AM)
But i noticed that there is fencing for this precinct 11 only for the Semi-D, have u been there?
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Yes. There will be fencing for semi-D cluster but I believe not for linked house according to SA.

edtai
post Sep 1 2016, 11:57 AM

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QUOTE(csdarkjedi @ Sep 1 2016, 11:30 AM)
Not sure that's why ask u guys. Seems not much info on public
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Is it still the same as per plan that Segi International School to be built?

myBlanket
post Sep 1 2016, 12:06 PM

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QUOTE(edtai @ Sep 1 2016, 11:56 AM)
Yes. There will be fencing for semi-D cluster but I believe not for linked house according to SA.
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Omgosh! Why so unfair? Same precincts ma. ☹️
myBlanket
post Sep 1 2016, 12:07 PM

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QUOTE(edtai @ Sep 1 2016, 11:57 AM)
Is it still the same as per plan that Segi International School to be built?
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Peninsula school according to the news for HCK group.
BEANCOUNTER
post Sep 1 2016, 12:15 PM

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QUOTE(myBlanket @ Sep 1 2016, 12:06 PM)
Omgosh! Why so unfair? Same precincts ma. ☹️
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I believe before VP, developer isn't allowed to put fencing.

the fencing will only come after vp, and 70% of the residents agreed to it. am sure developer has obtained consent from buyers before they signed the SPA. obviously the cost of fencing already factored into selling price.

likewise for the rest of link houses, you guys too can put fencing but need to get at least 70% of residents agreed to it and come out from your own pocket.
skyfield
post Sep 1 2016, 12:55 PM

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QUOTE(csdarkjedi @ Aug 31 2016, 11:30 PM)
Anyone know more about educity by HCK Group?
Seems not much info on their web?
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http://www.themalaysianmirror.com/h-educit...lams-landscape/
myBlanket
post Sep 1 2016, 01:07 PM

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QUOTE(BEANCOUNTER @ Sep 1 2016, 12:15 PM)
I believe before VP, developer isn't allowed to put fencing.

the fencing will only come after vp, and 70% of the residents agreed to it. am sure developer has obtained consent from buyers before they signed the SPA. obviously the cost of fencing already factored into selling price.

likewise for the rest of link houses, you guys too can put fencing but need to get at least 70% of residents agreed to it and come out from your own pocket.
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Noted Mr.Bean. 😂
So far already reach Sewerage stage, think should be able to VP 6 months down the road.
Anyway, do u know which stage will be the longest?

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