Yeah, that's why it's best to avoid new launches situated near some large empty plot of land in front of it. Never know what kind of high-rise will emerge out of that.

Luckily that developer which owned the plot of land in front of my condo couldn't proceed with the construction due to the bad response from potential buyers. Hearsay that they tried to price it at RM 1,5xx/sf but ended up with no takers.

Phase 1 - 2 residential towers 650units
Phase 2 - 2 residential towers 650 units
Phase 3 - 1 residential tower 300 unit + retail lots

The towers will be from 34 to 54 storeys high while the build up of 700 to 1100 sqft.
The indicative price between rm700 to rm900 psf, and maintenance fee with sinking fund is estimated to be 30 to 40 sen psf.

Thanks for the indicative pricing.

At this pricing and maintenance fee of RM 0.40/sf (if confirmed), then might as well go for Tria @ 9 Seputeh dy which is past the Taman Desa intersection and most of the OKR jam.

Wah...so confidence for selling price

The orientation of the tower on-top-of coco look extremely funny.

I don't think the architect will design in such a way with side the building facing OKR.

NDV = 1,600units x RM800psf x 800sqft/unit = RM1,024million (RM1.024billion)
Land cost = RM340sqft x 6.5ac x 43560 = RM96.27million
Land to NDV ratio = 9.4% (Not very high and under acceptable level)
But let assume RM1,024million seperated into 3 phases = RM340million/phase
Aik Bee need to get the bridging loan of at least RM113million.
Even @20% profit of RM340million (phase1), which is RM68million,
Phase 2 still need to get bridging loan.
So, it is expected the overall development will be no less than 10 years assuming,
4+4+2 (Mix development with average 4years dev. period).

Even if charge the enitre RM65million to bank with term loan of 60% from RM65million,
only can get RM39million out from the land for bridging loan facilities.
Again, this is assume that the current land is 100% free from encumbrances and not charge to the bank. It's very unlikely...

if got 10% discount?

If facing OKR, it will be west facing and no KL view though.

Well, if the 7% + 2% rebates for Tria are still there, I'd still go for it rather than this project at a similar pricing.

The only problem with it is the htc nearby, tho.

good eye. looks like Coco will have to move again lol.

bro very good and clear calculation , first time see such a detail info. For us dono how to count , thk for sharing

Ya. Claps

Parking!

Parking for updates

Anyone knows what happened to this project? What is the latest update?

finally starting ?


Attached thumbnail(s)

Wah seems like the project suspended for quite awhile. Parking to look see for information.

The boss Have a full meal n sell bau.