Avira Medini ( A SANCTUARY OF WELLNESS)

[OracleMasia]

I got call from E&O , that it is launching Avira Medini in April 2014.

The first phase is a three storey terraces, likely above RM$1 mil.

Like to get opinions/view/discussions on this project.

Attached is a articles I found on web regarding Avira.

http://avirawellnessresort.wordpress.com/

 

[malpaso]

I got call from E&O , that it is launching Avira Medini in April 2014.

The first phase is a three storey terraces, likely above RM$1 mil.

Like to get opinions/view/discussions on this project.

Attached is a articles I found on web regarding Avira.

http://avirawellnessresort.wordpress.com/

are they strata lease hold ?

 

[OracleMasia]

are they strata lease hold ?

not sure. Likely lease hold strata.

 

[freekazoid]

Buy buy buy....

 

[aliensmotor]

this is good one. Must buy. Do not miss.

 

[FHBH12]

this is good one. Must buy. Do not miss.

If +30 years extension, must grab

 

[OracleMasia]

what kind of pricing is reasonable?

 

[shctaw]

what kind of pricing is reasonable?

Thanks for informing, almost forgotten this project.

Seldom look into zone B, but E&O is too famous to pass.

If I will buy one in zone B, this is it.

 

[OracleMasia]

Plus point = Lifestyle, Security, Status, within Medini(No RPGT within a period of time) , no $1 mil limit(but prices >$1mil anyway)Minus Point= Sky-High prices, Leasehold, need balloting

 

[shctaw]

With 460+ terraces; getting one will not be too hard.

 

[malpaso]

Plus point = Lifestyle, Security, Status, within Medini(No RPGT within a period of time) , no $1 mil limit(but prices >$1mil anyway)Minus Point= Sky-High prices, Leasehold, need balloting

the minus point make me no mood liao. esp "sky high prices" and "balloting".

 

[malpaso]

View attachment 14711

With 460+ terraces; getting one will not be too hard.

prof... pricing? any news?

 

[shctaw]

I doubt it will be price too high..... initial news back in 2013 they indicated a price of RM420 psf for terrace.

E&O will need to price at level people "want to buy" as sentiment is now affected by curbs. E&O operate similar to Far East Org which they are willing to drag on a project and sell very slowly irregardless of the lease of the land.

E&O has a showroom at Raffles Hotel where they have been selling Penang's Andaman at a very slow pace to milk the market.

Hence if anyone want to buy E&O project; it is best to be early batch buyers.

cons: I think there are not enough public transportation to support projects in Medini.

Medini need at least 10-15 years to mature. Hence one must have the patience to wait for the fruit to ripe.

 

[cow138]

This project has been dragging on for so long.. Even their showroom has shifted from North bridge road to the current Marina square place and still just launched.

I wait until neck long long already. In the end go to buy something else.. Buying in Malaysia is really challenging.. Very different from Singapore.. Slow and not very transparent..

 

[OracleMasia]

I doubt it will be price too high..... initial news back in 2013 they indicated a price of RM420 psf for terrace. E&O will need to price at level people "want to buy" as sentiment is now affected by curbs. E&O operate similar to Far East Org which they are willing to drag on a project and sell very slowly irregardless of the lease of the land.E&O has a showroom at Raffles Hotel where they have been selling Penang's Andaman at a very slow pace to milk the market.Hence if anyone want to buy E&O project; it is best to be early batch buyers.cons: I think there are not enough public transportation to support projects in Medini.Medini need at least 10-15 years to mature. Hence one must have the patience to wait for the fruit to ripe. View attachment 14712

Initially, it was two storey terraces. Now, it was said to be three storey increasing built up. The $psf is kept low in this way, I think. More interested in 2 storey.

 

[malpaso]

. Buying in Malaysia is really challenging.. Very different from Singapore.. Slow and not very transparent..

every cloud has a silver lining.
when / if you eventually sell.. you can also be "not very transparent".. to your advantage

 

[malpaso]

Initially, it was two storey terraces. Now, it was said to be three storey increasing built up. The $psf is kept low in this way, I think. More interested in 2 storey.

soooooooo... i am guessing.... no pricing, no plan, no concrete specs.. nada.

 

[1nottiboy]

That's the Malaysian way!

Just to share. All 3 of us who bought into the various projects in JB are regretting it now. It is the inefficiencies, the crazy/new rules and fees, etc. None of us had it easy with the paperwork, the fund transfers, and the waiting... Out of the blue, lawyer called me to sign documents and prepare money in 3 days. its so wtf...

then out of the blue one of us got a letter stating that payment is overdue when its actually under DIBS. Then we had to call lawyer and then the bank for something that they should have ironed out with the developer's bank and lawyer...

Its not fun at all.

soooooooo... i am guessing.... no pricing, no plan, no concrete specs.. nada.

 

[FHBH12]

Not sure what u bought. But I thought it is already v good that foreigners like us r allowed to buy freehold landed properties. I din mind a bit of e extra hassle.

 

[malpaso]

That's the Malaysian way!

Just to share. All 3 of us who bought into the various projects in JB are regretting it now. It is the inefficiencies, the crazy/new rules and fees, etc. None of us had it easy with the paperwork, the fund transfers, and the waiting... Out of the blue, lawyer called me to sign documents and prepare money in 3 days. its so wtf...

then out of the blue one of us got a letter stating that payment is overdue when its actually under DIBS. Then we had to call lawyer and then the bank for something that they should have ironed out with the developer's bank and lawyer...

Its not fun at all.

its not fun, and it's inefficient.
but for me with sp setia, so far quite OK.
Discoutns were clearly documented, DIBS scheme clearly stated on LOO, they are making the first drawdown from my loan facility this month.

yours is tiong nam right? i heard the official launch is soon.? so you must be sitting on nice paper profit now.