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 Eco Grandeur v2, by Eco World Development Group Bhd

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samkps
post Sep 3 2016, 09:42 PM

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Hooray, blow till version 2.... rclxms.gif rclxms.gif
samkps
post Sep 4 2016, 02:08 PM

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QUOTE(lustremoon @ Sep 4 2016, 01:57 PM)
About the 10K so called booking fees. It is refundable right? And also, what happens once I actually book the house? What do I need to pay for and prepare? I'm sorry if this is not the right place to enquire....
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After you booked the unit, you need to look for bank loan. After secure the bank loan, need to sign the SPA. During signing the SPA, you need to settle the 10% downpayment (after minus the 10k + discount).
samkps
post Sep 5 2016, 11:59 AM

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QUOTE(aaron1717 @ Sep 5 2016, 10:12 AM)
blink.gif  blink.gif  blink.gif headache la macam ini... haha....  doh.gif  doh.gif  doh.gif so if i am an accountant... i say everything u calculated is wrong... professionally wise must be confirm wrong? irregardless of what is the real world practice will be? haha...
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Wrong means wrong, because he said so... biggrin.gif biggrin.gif Others cannot say correct.. biggrin.gif



This post has been edited by samkps: Sep 5 2016, 12:02 PM
samkps
post Sep 5 2016, 12:04 PM

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QUOTE(Jasoncat @ Sep 5 2016, 10:24 AM)
As copied from the press:
Access to Kuala Lumpur via Guthrie Corridor Expressway, KL-Kuala Selangor Expressway, North South Expressway and the two upcoming highways, the proposed Damansara-Shah Alam Expressway and the West Coast Expressway (completion: 2019).

Blow water or not? laugh.gif
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None of them is direct link I suppose? I feel a little surprise as it doesn't see like EW style.. hmm.gif
samkps
post Sep 5 2016, 01:04 PM

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QUOTE(lustremoon @ Sep 5 2016, 12:11 PM)
What do you mean? Could you please elaborate?
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Normally EW shall build a dedicated direct access from their township to a highway, such as building a new tol in EcoMajestic to exit LEKAS highway.

However, it seems EW do not plan to build any direct link for EG, instead resident still need to drive along the federal road before entering to highway. When there are more and more people move in, it may create traffic congestion if resident still need to go throrugh this federal route (normally single lane).
samkps
post Sep 5 2016, 04:03 PM

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QUOTE(mascot_lim @ Sep 5 2016, 03:24 PM)
Yeah, the yellow one....
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Whole stretch or only until Alam Perdana junction? hmm.gif

There will be a one lane bridge before reaching the BSC junction, shall be extended to 3 lanes as well?


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samkps
post Sep 5 2016, 04:22 PM

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QUOTE(silentsunami @ Sep 5 2016, 04:02 PM)
Hahaha...kesian lo...but that location very hard to make direct access
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I believe EG residents will be excited if EW can build a direct link/new toll to Gutrie.. brows.gif brows.gif


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samkps
post Sep 5 2016, 04:41 PM

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QUOTE(silentsunami @ Sep 5 2016, 04:29 PM)
I asked the SA b4 but he say only can connet to Saujana Utama for the right side of EG, no direct access to Guthrie
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Infra involves land acquisition and construction cost, which normally is the first thing SPS/EW shall do for the township project.

Feel quite surprise EW not doing this for EG, perhaps compensated by the relatively low entry price.
samkps
post Sep 5 2016, 06:25 PM

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QUOTE(jefflow @ Sep 5 2016, 05:47 PM)
Hi all taiko here, i have some doubts on EG.. hope that someone can share some knowledge..

since EG is strata title and claim that no extension allow. For example graham type A & B, the back area is kinda wasted if not allow to extend for wet kitchen or laundry area. And my own opinion, feeling that the tiny balcony upstair attaching the small room instead of master room is really stupid. this may create more concerns. =.=
and we can't build a balcony attach with the master room is really a waste.

I asked the SA before and he said that there will be a "guideline" during VP, does it mean that we can do so called extension based on their guideline or limitation or restriction?
and one more question forgot to ask SA, if loan rejected, how much we can get refund from the 10K deposit?

*sorry for stupid question, i have no idea on landed property with strata title.  biggrin.gif  biggrin.gif
I take a look on hillpark too, but the latest phase BU is kinda small, but individual title allow me to do any extension i like.. hahaha
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You will need to sign DMC along the SPA and the extension guideline is available there. Nonetheless, before you can proceed any renovation in future, you will need to apply to the management company.

Balcony atttach to master bedroom most likely is nil.
samkps
post Sep 6 2016, 01:36 PM

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QUOTE(lustremoon @ Sep 6 2016, 11:35 AM)
Guys, more questions.... Apologies as I'm really new to property investments.

1. No renovation without approval - meaning owner can't even do internal structural change which may not affect the outer facade and build up?

2. What are the other restrictions or cons under landed strata compared to individual title?

3. Are there any other townships or residential areas that are comparable to puncak alam? Please provide both extremes i.e. township with potential 15 years ago and now developed well vs. townships with potential 15 years ago but now still not developed enough.
Thanks!
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1. If internal, not changing facade and affecting neighbours should be no issue,

2. What I could think of is much higher maintenance fees.

3. Puchong vs Selayang. Not saying Selayang no development, but the pace is slower than Puchong.
samkps
post Sep 10 2016, 06:28 PM

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QUOTE(kay0901 @ Sep 10 2016, 05:22 PM)
Just went to EG sales gallery today, SA said developer will upgrade the road from entrance of EG township towards junction of Jalan Meru Tambahan.

From that junction flyover will be built for easy use resident from puncak alam.

Also from McD/petronas at Jalan Meru Tambahan, developer will upgrade the road toward to Jalan K.Selangor.

About launching, SA said anticipate on next Month (Oct)
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May I know the location of the new flyover?
samkps
post Sep 17 2016, 01:44 PM

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"EG ini leasehold dengan sekatan. Bumi sukar jual pada non bumi. Market tersekat. Di Setia Alam, hartanahnya ialah Freehold tanpa sekatan. Market subsale bagi bumi disitu amatlah luas sekali."

Saw this comment.. Is it true or only apply to certain Land Office?
samkps
post Sep 17 2016, 02:32 PM

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QUOTE(DS4 @ Sep 17 2016, 02:24 PM)
Yes. Need also look at the sekatan penting and special condition implied for the land title.
Under the Malaysia land law, LEASEHOLD land with special condition , say limited sales and purchase conditions will limit the selling to certain group of people.

Anyway, don't need to worry so much. Usually, developer also have hard time to sell Bumi reserve lot. So, as you....
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Non-bumi units under leasehold, normally with what kind of limited sales and purchaser conditions?
samkps
post Sep 17 2016, 08:41 PM

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QUOTE(DS4 @ Sep 17 2016, 04:21 PM)
Depending on what is written in the land title.
The most common one is the limiting sales and purchase to others unless with the approval of the land office.
On land office side, if under Selangor, u can also refer to Selangor land law act.
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Approval of the land office is depending on Selangor land law act, no?

So shall the bumi face difficulty to sell the non-bumi units to non-bumi for the leasehold property? Stated in the act? hmm.gif
samkps
post Sep 18 2016, 01:03 PM

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QUOTE(faeezmaan @ Sep 18 2016, 12:39 PM)
so far so good. at 12pm the queue no is exceed 500.
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Nice, any picture to share?
samkps
post Sep 18 2016, 01:36 PM

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QUOTE(halo5 @ Sep 18 2016, 01:25 PM)
just arrived. the queue number reached 600 already.
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Nice, waiting for the full report in the edge later... rclxms.gif rclxms.gif
samkps
post Sep 21 2016, 11:37 PM

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No Edge report for EG launching? hmm.gif
samkps
post Sep 21 2016, 11:42 PM

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QUOTE(Jasoncat @ Sep 21 2016, 11:41 PM)
This week is for getting queue number. I think probably news report by this Sunday ie the unit selection day.
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Oic, no wonder..
samkps
post Sep 24 2016, 12:03 PM

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QUOTE(Palmwalker001 @ Sep 23 2016, 02:52 PM)
From what I understand is revenue include billed sales + unbilled sales (or accrued income ie work completed but not yet billed) woh.. It affect future cash flow not the revenue.
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This happens only when the revenue greatly exceeding the total sales, so revenue = total sales + unbilled sales

When total sales is much higher than revenue, then total sales = revenue + unbilled sales

For example, for FY2013 for SP Setia, the total sales is 8.241 billion, while the recorded revenue only 3.06 billion, the rest of the sales are going to unbilled sales which not shown in the P&L statement. The unbilled sales is 9.643 billion

In FY 2014, the total sales is 4.6 billion, while the recorded revenue only 3.8 billion. The unbilled sales shot up to 11.1 billion.

In FY 2015, the total sales is 4.3 billion, while the recorded revenue is 6.7 billion. The stiff increase in the revenue is believed from the unbilled sales, as the total unbilled sales has dropped to 9.2 billion. At the same time the accrued billing of current assets is shot up about 2.45 billion in the PL spreadsheet.

So, this clearly shows that revenue not always sales + unbilled sales, it depends on the company how to manipulate the figure.

If have higher unbilled sales, revenue normally lower, as to the profit before tax. If the unbilled sales are lower, normally revenue is higher, as to the profit before tax.

This post has been edited by samkps: Sep 24 2016, 12:36 PM
samkps
post Sep 24 2016, 12:10 PM

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QUOTE(DS4 @ Sep 24 2016, 11:49 AM)
These few days,
Eco World really promoting hard for Grandeur.
Flooding main page for most of the mainstream media.
The allocated budget for marketing and advertisement is high.
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Today second consecutive day 4 full front colour pages in Sin Chew...

They already spent 54 million in the first half of the 2016 financial year, if based on the promoting activities going on now, I am not surprise the figure will further push to RM 100 million for this financial year..

RM 54 million is about same amount with the net profit of the company in the first 6 months of 2016 financial year. sweat.gif

100 million (0.1 billion) only for promoting and marketing activities, EW really is a "god of wealth" for mainstream media.. sweat.gif sweat.gif sweat.gif

This post has been edited by samkps: Sep 24 2016, 12:14 PM


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