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Condo Supply: Total no. of units in the pipeline.

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freedom2005sg

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GRR is a marketing gimmick, according to a sales person for M Condo of MB Land.

GRR is already priced into the condo when they market it.

An example would be KSL D Esplanade Residences above KSL City.

Without GRR, it is a whopping RM700 psf in 2012. KSL probably sets the tone for the high psf and the rest followed. Eg. KSL units sold out quickly. Developers say, hey wtf, RM700 psf for a condo in 2012 can sell so quickly? Let's do it man.

After GRR, the price per square feet is a more 'reasonable' RM 570 psf, but still considered ex in 2012.



AUNTY said:
Brios Residences project by CWT Holdings - partially furnished...and no GRR...Brios 2-bedder is huge and price not with my reach...

Do you all know whether in terms of quality, CWT Holdings or IOI better?
Click to expand...
 
F

Funniman

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freedom2005sg said:
GRR is a marketing gimmick, according to a sales person for M Condo of MB Land.

GRR is already priced into the condo when they market it.

An example would be KSL D Esplanade Residences above KSL City.

Without GRR, it is a whopping RM700 psf in 2012. KSL probably sets the tone for the high psf and the rest followed. Eg. KSL units sold out quickly. Developers say, hey wtf, RM700 psf for a condo in 2012 can sell so quickly? Let's do it man.

After GRR, the price per square feet is a more 'reasonable' RM 570 psf, but still considered ex in 2012.
Click to expand...

Yes, it is a gimmick.
If the project is really good, do you need any guaranteed returns from the developer? They are basically taking extra money from you, invest it and then give you part of the profits. Actually it is your own money you paid out earlier.
 
Frodo

Frodo

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Funniman said:
Yes, it is a gimmick.
If the project is really good, do you need any guaranteed returns from the developer? They are basically taking extra money from you, invest it and then give you part of the profits. Actually it is your own money you paid out earlier.
Click to expand...

But without this gimmick means must cough out 20% in cash, right?
 
potter

potter

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Many believed lehman brothers, packaged e products even bankers have doubt of e returns. But yet many ppl buy..
 
A

AUNTY

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No I didn't ask..but don't think it is GnG... should be a property on its own cos she said sometimes the boss went back to the house found his gate stolen, and end up having to replace the gate..

freedom2005sg said:
Did you ask your friend his landed is it GnG?
Click to expand...
 
F

freedom2005sg

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Not GnG too dangerous liao

Now newer GnGs even have panic buttons...

AUNTY said:
No I didn't ask..but don't think it is GnG... should be a property on its own cos she said sometimes the boss went back to the house found his gate stolen, and end up having to replace the gate..
Click to expand...
 
C

cslong

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AUNTY said:
No I didn't ask..but don't think it is GnG... should be a property on its own cos she said sometimes the boss went back to the house found his gate stolen, and end up having to replace the gate..
Click to expand...

property without GnG now is at least 100K cheaper now in JB.
 
A

AUNTY

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Yap, a agent from another agency did drew a picture to say that - imagine if you buy D Inspire studio now at RM970psf - and one day you talk to your neighbor and you found that he bought it at RM485 psf, you will be very bang... I heard Johoreans don't like KSL cos they like to sell their units at high price to foreigners....


freedom2005sg said:
The studio is only 464 sq ft. It comes out to be a whopping RM970 psf after doing the calculation. And its not even near CIQ or waterfront project.

Those who buy it are screwed up big time.

Maybe when you buy D Inspire in 2012 at RM485 psf, that is a good buy. I didn't buy in 2012 coz I'm already vested in KSL's D Esplanade Residence above KSL RM5 billion project MegaMall City. Biggest project at that time.

They send 3 agents trying to psycho me to buy. lol

I look at location and psf primarily as I want to rent out.

Anything above RM550 psf raises an alarm.

But if you are going to stay at D Inspire, then RM970 psf should not concern you.
Click to expand...
 
A

AUNTY

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As I have limited $$, I did think of gold/silver but I am not sure how to go about doing it.. my queries:-
1) You buy the physical gold/silver or you just open a silver trading a/c?
2) Where did you buy them from - gold shop,bank, pawn shop...?
3) Since you buy physical pieces of silver, you need a vault right ? :smile:
4) Is it you must buy the silver from bank, then you can sell back to the bank?

freedom2005sg said:
Why not buy into gold and silver, where you own the real physical assets? Instead of putting money into the bank, where it cant even beat inflation?

I'm stashing up on silver coins like the American silver eagle, Canadian Maple Leaf and Swiss PAMP gold bars. Once the price goes up again in a few years time, I'm going to sell back to UOB and laugh all the way to the bank, without all the risks.
Click to expand...
 
A

AUNTY

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just read the headlines of today Chinese news paper - HEI BANG DUI SHOU LUI DAN - in KL and one Singaporean dead...think he suay happen to be there...does this happen often in M'sia?

cslong said:
property without GnG now is at least 100K cheaper now in JB.
Click to expand...
 
E

enjoylife77

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potter said:
Many believed lehman brothers, packaged e products even bankers have doubt of e returns. But yet many ppl buy..
Click to expand...
Today, there are still plenty of toxic product floating around. When the holder found out, they will naturally keep quiet till it is matured, redeemed or sold to the next fool.
 
potter

potter

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enjoylife77 said:
Today, there are still plenty of toxic product floating around. When the holder found out, they will naturally keep quiet till it is matured, redeemed or sold to the next fool.
Click to expand...

If so ho tan, do they need u..:p
 
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F

FHBH12

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potter said:
Dun know y they called panic button.
How to press e button when u r in panic mode..:rolleyes:
Click to expand...

Yup, I find it redundant and it gives a false sense of security. Install your own grill and alarm system, and having watchful security guards and neighbours are the best.
 
R

RedsYNWA

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FHBH12 said:
Yup, I find it redundant and it gives a false sense of security. Install your own grill and alarm system, and having watchful security guards and neighbours are the best.
Click to expand...

I think panic button useless, but an intercom + fingerprint scanning for visitors will be v useful indeed.
 
M

Manhattan

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Is there a central body in iskandar that publishes the actual sold unit and price of all the developments like our URA? Otherwise it's up to the developer to say.
 
F

freedom2005sg

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FHBH12 said:
Yup, I find it redundant and it gives a false sense of security. Install your own grill and alarm system, and having watchful security guards and neighbours are the best.
Click to expand...

All houses got alarms by default right? The newer ones got an extra panic button when you panic, u rush there n push lor..then the mata will arrive in 3 mins...lol
 
F

freedom2005sg

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AUNTY said:
just read the headlines of today Chinese news paper - HEI BANG DUI SHOU LUI DAN - in KL and one Singaporean dead...think he suay happen to be there...does this happen often in M'sia?
Click to expand...

Quite rare lar for grenades...Malaysian troops should move in with tanks and helicopters to secure KL now...lol
 
F

freedom2005sg

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hahaha yalor..

buying an inland condo at RM900+ psf...can get bora residences at danga bay at RM800++..

Rip off from KSL


AUNTY said:
Yap, a agent from another agency did drew a picture to say that - imagine if you buy D Inspire studio now at RM970psf - and one day you talk to your neighbor and you found that he bought it at RM485 psf, you will be very bang... I heard Johoreans don't like KSL cos they like to sell their units at high price to foreigners....
Click to expand...
 
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