Dear Property Investors/Real Estate Experts/Bankers,

Recently, I have known about this property which is located in Batu 13 Puchong. Heard that Sentral City (M) Sdn. Bhd. is under Jentrikon Perunding Sdn. Bhd. Anyone can confirm this?

This is the detail:
http://www.iproperty.com.my/reviews/zenres...e/coverpage.asp

The purpose of this thread is for me to know more about this property and also owners of this property to share comments and reviews.

I have just reserve a unit yesterday, and now preparing documents for applying the loan from RHB Bank with the BLR of -2.2% for 38 years.

Alright, my main concern now is, if the developer run away, what will be the worst case scenario? As the developer says, we will only need to pay our installment once the construction finishes, so does it mean, if the developer ran away, and the construction does not finish, I will never need to pay although the loan is approved? Or is still like previous cases where I still have to pay if the developer runs away.

Thank you.

This post has been edited by vincent_ng86: Mar 3 2009, 02:56 PM

38 years re-financing period? Do you mean 28 years instead?

Is 38 years that I am applying, RHB has the longest repaying period as I know currently.

Have you been to the actual site?
I don't know about you though, but I don't like the area.
If you ask me, I felt that it's quite secluded with the kampungs nearby.

But than again who can predict what's more development over that area.

For me, that area is quite far away. Make sure you survey first, really kinda kampung..

But I like the lanai and big bathroom

What's the financing amount which you're looking at? I suggest you to re-calculate carefully before deciding on such long repayment period. Longer repayments might get you RM100-200 a month lesser from the installment but you pay a lot more in interest. The loan is calculated based on the amortization table and for the first few years, our installments are used to knock off most of the interest payment instead of principal amount. In the long run, it's a lot of money involved Unless you're on full flexi loan then it makes a bit more sense having 38 years of repayment.

I went there with a couple of friends, we like the place, or maybe I should say it this way, we believe that this area will be developed in the near future, so this might be an opportunity for investment with yummy returns.

I think its ok for 38 yrs as long as the bank allow you to write in to do prepayment every year.. But be sure to do the prepayment with the correct method.. You can seek the independent financial consultant for help..

I do agree with what you are trying to say, if we are going to buy it for own stay. I am sorry I did not mention about I am going to buy this for investment. So, I think the only think I need to worry is about early repayment of loan (and only if the developer does not run away).

So, if the developer runs away, do I need to still be attached in paying the loans?

how much is this n what is the expected rental?

Hi Pai, am happy that you joined in. Appreciate your views, as always.

Around 320k, and am looking at around 1.4k rental. What do you think?

I'm only going to answer from a mathematical viewpoint, as Puchong is not within my target area.

I'm going to assume that u took a loan at 90% by the way. 288k?

your mort installent should be about 1,100 taking into account the 38 yr tenure. Well, at best case you are looking at breaking-even every month from a Cash Flow perspective (once u include in your maintenance, utilities, etc) - considering your rent is only 1,400. At worst case - you'll be bleeding cash every month. I'm not too sure what maintenance fees you're paying.

If you took a 100% loan - it's a very high chance that you'll be bleeding every month already.

Your COCR is very poor though - considering u are not realising any return from your Downpayment in the first year.

Is 1,400 basic or fully furnished? Suggest u find ways to quickly increase your rental vs capex - to salvage a decent COCR.

This post has been edited by Phoeni_142: Mar 3 2009, 04:31 PM

Alright, to share the current situation of mine,

Developer wants RM 6k for downpayment, and they assume that RM6k is 10% of the property. I will get a 90% loan from the banks, and sell it off once it is being built. And in the construction period, there are no installments needed from buyer, but the developer will have to pay the interest. From what I understand, the developer only get my loan from the banks in a progressive timetable, 10% - 15% at one time.

So if my capital is RM6k, and after 3 years, I sell it, I will be less likely to make a lost, IMO.

So again, back to my question, if the developer runs away during the construction period, do I need to bear the loan? As in the S&P, buyers only needs to start paying after the construction finishes.

It's not the same really Why not you download your own amortization calculator and do the calculation. When you drag the repayment period, the amount of principal knocked off from monthly installments are reduced quite a bit. The method of calculation is different from car loans, etc.

If it's for investment then it wouldn't be so bad because if you intend to sell it off fast then the additional interest and years of repayment isn't a major concern. If the developer runs then I'm afraid you'll have to continue paying

Hope you are wrong, but I think you are right, sadly.

Any other Zen Residence owners would like to share some thoughts and views? Really hard to decide.

Chief, looking at this alone, think the new Zest in BK9 will beat this hands down be it capital gains or rental yields. Units only cost like 230k, and its located next to Giant BK9, better chance for appreciation IMO due to lower entry cost

If future LRT materialise walking distance to Zest, 1.5k p/furnished for Zest is highly do-able, IMO

The amount is very very substantial and let me give you an example (something similar to my case):

Total loan amount = RM405,000
Interest rate (assumption) = 3.8% per year
Repayment period = 28 years

Monthly installment = RM 1959.97
Total payment after 5 years (60 mths) = RM 1959.97 x 60 = RM 117,598.20

It means I have paid RM 117,598.20 for the past 5 years but the amount I owe the bank would be RM 360,311
Hence, total interest I have paid for the 5 years = RM 360,311 - (RM405,000 - RM117598.20) = RM72,909.20

You could imagine how much more it would be to drag a loan re-payment for a longer period. As I've mentioned before, the amortization calculation is totally different compared to other loans like personal, hire purchase, etc.

But the main concern now is, I do not have the amount of downpayment as other developers need, at least RM20k for most the properties I am interested.

I was interested in Zest, but too bad, they need at least RM20k as downpayment, and sadly, I do not have that amount of money.

Did you try to see if your EPF Account II would be able to help a little and if there are higher margin of financing options? I know some local banks can go up to 95% but the interest rates might not be so attractive.

chief, in today's market time is your fren, not enemy. Zest has over 700 units, it will take them min 1 year to sell off all units.

You have ample time to save, and trust me they will throw more freebies in the future to move all 700 units. When all developers r doing only 5% deposit, they'll have no choice but to do the same. Just wait

I couldn't get you. I am not going to stay there, I will sell it right after it is being built. So I do not think the loan period is my main concern isn't it?

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Added on March 3, 2009, 5:07 pmHehe... You have your point.

Zen Residence management fee will be waived for the 1st year. So hope I manage to sell within 1 year.

IMO, paying 6k for now and have a potential reward of 10k in 3 years is quite attractive. How much the price of a property will increase normally after completed? RM 20k?

This post has been edited by vincent_ng86: Mar 3 2009, 05:07 PM

Hi, no one seems to be answering your question (highlighted).

As far as I know, this is not a build then sell concept. if the developer lari, you will have to bear the released amount.

FYI, I approached SP Setia for their 5/95 package and this is what I found out. Basically your liability remain the same, just that you save on interest until the house complete.

if you are not sure, talk to your bank and ask them specifically which clause in the contract states that you are free from such liability.

This post has been edited by GreenJellyBean: Mar 3 2009, 05:08 PM

Haha... You will get dizzy after you know what is my current status.

Have been working for only 2 months now. In my probation period. But couldn't let go of investing the 6k for at least 10k in 3 years time.

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Added on March 3, 2009, 5:15 pmHaha... Finally... Thanks.

I think you are correct, just called up them and clarify.

Heard the Selangor State Government has formed a department to revive abandoned projects, and also to prevent abandon project. Anyone knows about this? Under which Act? Or is it just words of mouth?

This post has been edited by vincent_ng86: Mar 3 2009, 05:15 PM

i think it is not ur right time to invest yet since ur income status is not stable plus u have been jus working for only 2 months...

Haha... How about if I am sharing it with another friend with the same status?

nope dont think its possible now since gov law have changed. And its highly discouraged to have 1 property under 2 owners with no blood /marital relation.

ya u will encounter a big mess when u decided to let it go for ur property in future .. STRICTLY not to put a join name which is UR FRENs in S & P

Talked to a few bankers and also the developer, they said yes, we can share.

I am comfortable with the friend, so that is not an issue.

The Zest has a 0% 12 months installment plan for down payment. So it will be abt 2k++ per month. You can plan on it.

It really depends on you. For ppl that staying in Puchong or working in Puchong, they won mind to stay in Zen. but if ppl like me, work in town area, i totally won consider Zen. sure there will be market.

if u commit for 38 yrs plan, pls choose those with flexi payment so that u can dump in more $$ to offset the interests. not worth cos 38 yrs interests are a hugh amount!!

Thanks for the advice.

And about the 38 years plan, please ignore it, as I am going for investment only, sell my property once it is being built. So it is not a major concern.

Hi vincent_ng86,

What is the exit price you are looking at after completion in 3 years time .. just curious

This post has been edited by eugene jk: Mar 3 2009, 06:05 PM

let we come back to the main topic.

Zen is it worth for investment ?

that is the high rise living but selling for the medium price, then somemore around that area ardy have the master plan of development under IOI, SPSetia, CapitaLand. PAY ONLY 6K till it competely

But the only thing make me feel unsercure is becoz this is the first property of the SENTRAL developer. and in this economic situation, let say the recession happen badly , GDP growth negative. is it highly risk for the project to be abandon ?

and anyone know more ab this SENTRAL developer ? r they have strong background ?

pay 6k - earn back at least 20k, will u go for it ?

Lolz i give them zha dou, like that talk to u oso can .
Ya of coz u can share if regardless all those mess in future. They want business, so they tell u can share, basically that is possible If lets say after the property completed, and u got no buyer interested nor rent out of ur unit, so how would it be? start pay instalment rite? so u expected that ur fren oso share half of ur instalment as well?

The loan will be under our names, and also the property will registered under our names.

And yes, if not one is going to rent, we are going to share the installment. This place is actually quite attractive to me, in terms of their design and so on, so, I won't mind to stay there for a few years for the price to go up, then sell.

Hi Vincent

There is no wrong in buying property with onli 2 months in the job market.. investing is about preparation, know how and guts.. I respect you for that

However, I am a bit concern with using Zen as an investment in the flipping market.. there are few points I would like to share..

1) with 3 years down the road, the subsales market is be very intense with buyers spoilt with choices between so many completed projects, mainly

-Setia Walk
-The Zest
-Zen
-and Atmosfera

Obviously Setia Walk, The Zest will stand out the rest due to its lifestyle concept, better accessibilty and also if LRT smach right infront of this 2 units.. chances are these 2 project will appreciate..

Ok.. maybe SW is abit too expensive.. the closest rival for Zen will be Atmosfera.. Atmosfera stand out with its freehold title, not to mention, the breath taking KL view.. Atmosfera has better accessibility being surrounded by major highways..

2) Zen is attractive right now due to its low cost entry and tonnes of free gift.. imagine 3 yrs down the road with all 4 projects completed at the same time, it make no difference to subsales buyers as all of them have to take out 10% downpayment, SnP legal fees and Stamp duty for all 4 subsale projects.. thus Subsale purchaser will be very cautious in selecting the correct unit...

3) Being Leasehold.. Buyers are very cautious and having so many freehold units around, buyer pool is very specific..

4) if you are buying at 320k and marking up to 360k upon completion, There are plenty of prop around with similiar or cheaper price tag around..

5) If you dont want to sell and decide to rent out, you will have heat competition with condos and apartments nearer to town and LRT station.

IMHO.. not to say that you might not able to flip your unit and get a better gain, but your buyer pool is very specific. Looking at Zen's current sale (although it had been advertised for so long and with low cost entry), 1st block is not even fully sold, buyers mostly are for own stay if you read in other forums.. Where as Zest being soft launch recently and dont even have a show unit, pick up rate is close to hundred by now, half are investors, half for own stay. Thus I believe that Zen is targeting on certain niche of buyer.. mostly for own stay..

Any Sifu plz correct me if I am wrong

This post has been edited by eugene jk: Mar 3 2009, 07:48 PM

Dear Eugene jk, thanks for your sharing and the great analysis. Your view have certainly changed mine. Will really think of it. Maybe Should go for another one instead.

very fair assesment, and I'd like to highlight one more point, developers with good properties dont need to throw many freebies to lure customers

I am going to withdraw... Hope that will refund me as soon as possible...

there's one main concern , this is the first project of the developer. even the sales agent confront me with that the boss of the company owns a few other company. if this developer facing economy crisis, is the money /cash flow transferable from other company to sustain this project until it's done? i like the overall concept of it but the location doesn't caught my attention. maybe i'm not fancy about puchong area, but the overall concept is really good. similar to usj1 avenue.

if anyone can confirm with me with the developer status, i believe me and my gf going to purchase one unit after one year. and, they very pushy to us to buy only a few cheapest units which is very near the car porch. maybe because we wear short pantz and normal t-shirt.

For the price and location, I think you can compare Zest or Atmosfera. It's better right?

suggest that u go to see the actual site 1st then do the other things...

I have went to the actual site for 2 times... Actually, am thinking that the area to start piling look rather small.

FYI, This project is blacklisted by one of the foreign bank. Reason being the developer has negative networth and pretax profit. The location is also isolated from Puchong town and near cemetery.

I think you should do a background check on the developer first before you commit anything

Its common for foreign bank "refuse" to offer loan facilities to some projects, particularly service apartment.. Usually local banks are more supportive..

As for the background of this developer, I am not sure..

I have book a unit on Zen Residence after compare with all of the potential condos at Puchong. From what i observed, there are no perfect residential area unless we spent million of dollar to find a good location and built our own.

Some Pros and Cons i can noted for the following development...
-Setia Walk
-The Zest
-Zen
-Atmosfera

Pros
-Setia Walk: Convenience for commercial activities, higher ROI, commercial freehold
-The Zest: Higher rental yields (expected only), easy access the major high way, freehold, some convenience to shopping access
-Zen: Nice and comfortable staying environment, low density, multi-tier security, high potential on future commercial development yields higher ROI(expected)
-Atmosfera: Quite environment, nice Tropicana theme, basketball n football area, freehold


Cons,
1) Setia Walk: Crowed area, congestion traffic in/out, higher PSF, commercial title(higher electrical/ water supply)
2) The Zest: Mixed population due to convenience of transportation, high density, commercial title, proposed cemetary/crematorium nearby.
3) Zen: Still like a kampung area nearby, some factories, leased hold, a bit far from KL city compared with others three, small crematary few KM away...
4) Atmosfera: high ground area which may leads to unexpected results if geographical structure has changed, big chemical plant there with surrounded by a river (dunno is it good for Feng Shui or healthy or not?), congestion traffic at jln puchong intersection cuz only two exit there, no wet clothes can be hang out side, must use the clothes dryer (expensive electrical charges??), no commercial center nearby.

These is just my $0.02 after i make a survey for these area, correct me if give some wrong info

This post has been edited by specex: Mar 8 2009, 03:41 PM

Congartulations on your purchase.. no doubt Zen has very good concept and very suitable for own stay.. I had a crush on Zen as well when I 1st saw their showroom in puchong.. Anyway, as you said.. there is no perfect development..

hi guys , after revisiting for a few times and spoke to the ppl from sentralcity developer, i was told that sentralcity was formed by 2 companies which are :

a)Jentrikon Perunding S/B
b) Sc Loot architect

a simple search from google , i got this 2 links profile of jentrikon perunding s/b

and thier address...

stating some strong proof that jentrikon is 1 of the owner for zen residence and they did participate in building of Sunway Pyramid and etc...

This post has been edited by marlon4: Mar 10 2009, 11:10 PM

Hi ,
I saw sales Booth & the Poject Model @ Giant Hypermarket , Bandar Puteri....Wow , Nice & Impressive....

but Me really Wonder as Always pass by the Project site .. since i am staying nearby...., the Show house Plot is Small... Are they Gonna Demolished all the Houses / Kampung House / Small Shop @ those area ??...... bcos , from wat i Understand , the SHOW HOUSE LAND is actually the Future Clubhouse Lot....

This post has been edited by dannyl77: Mar 11 2009, 12:19 PM

yeah, they are very pushy.
Went there after work that day, 3 of the sales person surrounded me try to convince me lock-in a unit ...

this is crazy

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Added on March 12, 2009, 8:00 pmhi vincent_ng86,

have u made any booking on Zen Residence?

Seems like you are keen on it. So do it. Wen there couple of times, however never made up my mind still...

They are having promo on the downpayment now (they said it last for only this week). Booking fees of 1k and 5k for downpayment.

I am in the mist of making decision, get or not....

This post has been edited by mannequion: Mar 12 2009, 08:00 PM

Walau.. pay until die lor.. , i dun take loan more than 10 years, still wan to enjoy my moneeee.

Applying 38 years doesn't mean that we want to pay for 38 years. We can buy it for selling right...

just went to see the place today... so far the agent not pushy and nice... most block A is sold and block B about 20% sold i think...

the concept is very very good.. what i like is low density

Hi Vincent,

What my opinion is that ZEN RESIDENCE will be a good place to stay but not a perfect choice for investment.

Do you think people will rent a Residence at RM1400 or buy a Condo at above RM300k.

If you have that money or ability, I do not think you will choose Puchong as area to buy it at this price.

Pls consider it carefully.

Thanks. I actually withdrew already.

i just went to zen residence ...
is really very nice loh...the concept like those condo at hartamas n mount kiara....

i facing a problem now is,they say will let us sign the smp b4 the loan aprrove...cos as i no,smp will onli sign once the loan is approve ...
just wonder if i have sign the smp.then the loan reject liao ...do no wheater the will refund or not......

correct me if i am wrong

I think it would be best if we only sign any agreements when the loan is approved. Do contact a salesperson called Lee from Knox. He is good.

i just booked a unit few days back lo.. like lakini80 said.. Zen is targeting those ppl for ownstay lo.. investment wise.. this is not a good choice unless the shop lot is a build up and some of the potential development will be up in future (expected 10 years later a new place to be developed)

i do check with the agents and noted that there is a few other developer nearby who will be developing the land opposite Zen as housing area. such the case, it increasing the competition market for Zen.

actually not all the agents are pushy as i just meet up with Lee and is quite comfortable with his explanations and comments.

I was dealing with Lee too. He was nice, and not pushy... Enjoyed dealing with him... Do contact him if you are interested in purchasing one.

Hi , Just wondering .... Are they gonna Demolished all the Setllement Surrounding the Show Gallery ??...

hhmmnn.. ts is a "flipper". here're 2 things that hopefully you factored into before you signed on the dotted lines..

1. does the rhb loan comes with a lock-in period? if it does, you have to take that into consideration once you're selling it for the penalty will knock off a huge chunk of any potential profits on the table.

2. what is your holding power like? are you aware that both rental and appreciation is NEVER GUARANTEED?


property is a very illiquid asset and if you don't even have the minimum down-payment upfront (in some cases, a buffer thrown in would be better), you might be a little over-leveraging there.

my assumptions:
you're at a very young age (thus your 38 years loan tenure and your lack of fundings).. 1986 is your birthyear?

you have great concern about the reliability of the developer (after you signed on the dotted lines?) a done-deal's a done deal.. if i were you, questions like these should be asked before committing, not after.

anyway, if your soon to be property is not a service-apartment, it's governed under the hba (www.hba.org.my) which offers much better protection than if you would go alone against a delinquent developer.

p/s - from an investor point of view, one's own good-feeling/preference of a property is not accurate. it is your potential customers' view(feeling/preference) that makes a location SOLID..

you may love the place alot, but if you step aside and view it from a tenant point-of-view, you may discover discrepancies in preferences. imho, developing this insight will make you a better property investor.

This post has been edited by lwb: Mar 18 2009, 04:15 PM

Haha , flipper, I nice this term.

Too bad, my purchasing power is not enough, as for now. So I have withdrew. Updated in my previous postings.

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Added on March 18, 2009, 4:21 pmI am born in 1986, still consider young, haha...

And one more importing thing, thank you.

Really appreciate your advice/view. Hope I can be successful one day.

This post has been edited by vincent_ng86: Mar 18 2009, 04:21 PM

do you guys realise behind zens is grave yard?

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Added on May 2, 2009, 8:20 pmGuys,

Not sure if you guys encounter this problem or not.

Recently i was visited to Zen Residence show house. And their show house quite impressive to me. The sales agent told me that if i like their concept, why not i pay rm1000 to book the slot first and can have sometime to consider whether want to buy or not to.

They told me the rm1000 can be refundable if i wish to cancel the booking if i want to with the condition is before the loan approved by the banker.

So i agreed and i pay the rm1000 to them and sign the application form.

after the day, i went back again and survey arround the arround. I found out that actually behind the zen residence is grave yard and infront is indian temple. Whole place was surrounded by the Kampung house where totally i feel unaceptable. I did try to walk in to Koi Tropica which is just located beside Zens residence. I found out that there are many condo are looking for buying and the price arround 180k to 220k. furthermore i also realise that inside KOI was full with negro guy arround and some with fierce faces like want to fight. so i decided to leave the price. (sorry if i say something make the resident unhappy)

after for sometime on my survey, i decided to cancel my booking. So i called the developer and i asked for refund. the developer looks like not happy with my decision and keep asking why i want to cancel. So i just telling the true to them, i try to talk nicely but starting to feel their respond become bad and bad. I was get scold by them and saying that why i dont look properly before i decide? and i told them i cant acept the graveyard behind the zens residence. They totally do not happy with me and ask me to call my solicitors llawyers to get refund by follow up myself to cancel and hang up my call imediatly without saying any words.

ok fine. so i was called to the solicitors lawyer, and my call was route to their account department. so i told the guy said that i want to cancel my booking and ask them what is the procedure for refund. and there, i get scold again, they ask me why i want to cancel it, i dont even speak anything they follow by saying me, if i not afford to buy why i still want to book, i was in piss and told them the sales agent asking me to book first and can be consider later on due to the limited choice left. bla bla bla...quite lazy to continue to type...


just want to ask is that i am the one should really get blame for this case ? i was given the selection and option to choose to pay the downpayment to book first while take my time to make decision.


Just realise one thing, when you going to buy or book, all people will treat you like god. When the time you trying to say NO or sorry i wish to cancel. You will be scold by them like mad.

i asked myself, whether i can accept the condition surrounded zens residence, and the condos cost arround 360K, in the end my answer is NO.

If you were me, what will you do?

This post has been edited by howard82: May 2 2009, 08:20 PM

lucky u only paid rm1k, else could be burnt big time. Think the prob here is that you've signed S&P agreement right? Thats why they r angry. Its a difff story if you had not sign s&p........

For me, I'll cut my losses, consider this 1k as one expensive tuition fee, and look else where.

no..i havent sign my S&P yet. I taking the time to make final decision before i Sign that document and also apply for loan.

Thanks god i found out the grave yard behind the zens and i decided to cancel.

just advise...must see proper before make any decision. This is the lesson i learn.

That is why I always stressed on going to visit the actual side before making the decision.

you are interested in which one?

Good to see u are here also...haha...Zen also no good rite?Sure la...Atmosfera is the best ma!

Gambateh!

Have been more than 2 months now... Still haven't got my deposit back... Tried to call them again today, which I would call at least once every week, got the same old answer, will contact me back.

Anyone got their deposit back yet? I think might need to speak to Khoo directly.

i was just decided to cancel too. how do you pay them? by credit card?

Yeah, by card...

well..i do ask for refund as well....just can feel that when the time you are buying and when the time you are asking for refund...the way they treat us really different.

good luck to you and me

Still haven't contacted him.. Sigh...

vincent, how much was the booking fees? 1k?

Yeah, just got a call from them. Should be refunding to me these 2 days...

Btw, is it really a problem to have a graveyard few km at the back and an Indian temple few km at the front?

Feng shui not good?

self preference. Some dont mind to exchange small spot of graveyard or indian temple in their eyesight whenever they step out to the balcony for lower density and tighten security. Some prefer a location close to main road and shoplots in exchange of 700 units density, sharing a half olympic size pool. It's your preference after all

too many cancellation, bad for developer.

Due to the bad location

Even if zen are selling at 200k i would not even consider.

to be fair, its not that bad, i'd pay 200k for Zen

Personally think the dev got it wrong when it come to the size, its above average built up sums up to a pricey price. If they had made it from 900sqf and above, think Zen should be a decent buy.

900sqf i dont think is a good plan IMHO. Reason being, they cant target for investment market with the location. For own stay customer, 900sqf i think is too small and I think they want to create a sense of "higher class" with the above average built up. If not, with that location and surrounding, hard to sell.
The project isnt that bad, but the draw back of location, surrounding and price tag, enough to turn most ppl off.

my 0.002 cent

This post has been edited by Ultradude: May 8 2009, 11:53 AM

Dont understand what u meant by "cant target investment market". Anyway, I've seen time and time some smart developers manage to sell their units much quicker than other similar developments despite being more expensive. Basic maths ---> Smaller units equates to lower entry price, and lower entry price will have bigger pool of buyers.

Hence explains why I can only afford to invest in studio's if I wanna buy a unit located in a prime area.

what i mean is not many investor interested with the location.

Zen memang not meant for investors IMHO... Just ask around the buyers who bought the units .. even ppl will buy smaller unit with lower entry cost for own stay~

Smaller units doesnt mean for investment purpose IMHO

May i know who call you ?

I very like zen concept too bad due to its area.....else i sure grab it ...

I didn't speak to specifically who. I was calling them like once in 2 days, letting them know my details, asking when I will get back my booking fee.

Any1 notice y the floor of the show office is so soft and uneven??

nearly PK last week

sales looks good, almost fully sold..

This post has been edited by eugene jk: May 11 2009, 02:22 PM

proves that with the right promo (freebies, 6k d/p and nothing thereafter till handing of keys) n nice showhse + concept, one can get properties to sell even in a less desirable location and at a relatively expensive price

This post has been edited by babana: May 11 2009, 02:26 PM

ya..their concept not bad actually..quite like it

Well.. Actually I quite like the concept of Zen and has no problem with the temple and the graveyard (They are just a small portion of the views, right? :-s).

Anyway, PB has rejected my loan application. Now, I am waiting AMB offer.
>_<

i terbalik with u , ambank reject my loan , pb approve my application
aprrove 85% .

almost one and half month......they havent refund me..........sigh

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Added on June 5, 2009, 12:06 amalmost one and half month......they havent refund me..........sigh

This post has been edited by yikjaan: Jun 5 2009, 12:06 AM

I like their concept as well... just the location not good enough...
some more it's close by to Malay graveyard.... not trying to offend anyone here... just personnaly don't like a graveyard nearby...

and the location is abit isolated.... i reckon the value growth will be lower than the Zest...

Some pictures of the Zen Residence. For more pictures, go here http://www.malaysian-investor.com/57/zen-residence-showroom/
Support the new website. Hehe. More to come.

Personally i don't like Zen because its in the middle of Puchong. There is alot of land area in Puchong so you should get a landed property. Despite all the advertisement, Zen is like in the middle of nowhere with alot of rempits. With all the freebies they throw to u, 2 carparks, 3 airconds, etc.. it might be worth it.

Dear all

Vincent so you managed to get your refund ah ?

i just came back from there but the things they offer is slightly a bit different

down payment : 2K
after bank approved : 5k
total need to pay : 7K

i when there at night and this is what i find out

1. roads are not good
2. isolated
3. a bit the kampung area / factory
4. graveyard
5. its not near to Tesco and IOI mall (drive is about 15 minutes cause there is about 4 traffic lights)
6. entry to that area if you are coming from giant , that place ALWAYS JAM

when i asked about the graveyard he started to tell me about the (YAM YU YAM YAT YAM SI... etc...)

but i plan to go again on weekend cause at night i can't see much

what do you all think?

btw.. i also found this the decision to make the cemetery will be know in 3 months (some where around September 2009)

NST Press

This post has been edited by KennethNYC: Jul 9 2009, 10:38 PM