Preview: Cova Villa
UPDATE: Please read our review here.
The Andaman Group will be having a soft launch for the Cova Villa in Kota Damansara at the following time and location:
June 10 & 11, 2006 (Saturday and Sunday)
11.00am to 5.00pm
Cova Villa showroom at Jalan Teknologi, Taman Sains Selangor 1, Kota Damansara.
For more details, you can visit their website, or call 03-6157 3366.
We’ll do a full review once we get to see the place.
hi. wondering your review on the cova villa. any luck? saw the website, looks nice.
Comment by tkodino — June 12, 2006 @ 11:17 pm
we’ve not seen the place yet. but it looks promising.
Comment by Administrator — June 13, 2006 @ 8:36 am
I went to their site on 11/6. Currently only 1 show unit is available (Type A) for viewing. I like Type C layout but they inform me it fully sold/booked! Wonder if that is the truth…
Btw, if you are interested in renting your unit to future SEGi college students, then check this one out.
Comment by novabestari — June 13, 2006 @ 3:09 pm
looks promosing for investment purpose as it’s located next to tropicana med centre, sri kdu smart school and future segi college (stdts population-10000) . short drive to ikea etc..(w/o bad trafficlaa..)but have not checked on the developer’s reputation- andaman group of companies-pharma excel sdn bhd.
Comment by sz — June 14, 2006 @ 1:56 pm
booked a type c unit in apr. was told only a few units were left then. so it could be true tat type c are all gone.
check out if they will open block c.
Comment by amelie.se — June 15, 2006 @ 8:56 pm
had also booked the type c unit (block a)…. block c units are slightly more expensive
Comment by sz — June 16, 2006 @ 2:33 pm
for type c, it’s 13k more expensive on block b and 27k more expensive for block c.
i booked in block a too. today, i was told that type c is still available in block a - 17th floor.
Comment by amelie.se — June 16, 2006 @ 7:49 pm
What the sale status & Maintenence fees?
Comment by Looking Around — June 19, 2006 @ 4:13 pm
maintenance- RM0.17/sft. accordg to the agent, 50% sold during soft launch. price might be a bit expensive compared to other condos around ( casa indah 2 etc). maybe bcoz of the guaranteed return and furnishing package.
Comment by sz — June 21, 2006 @ 11:36 am
Thanks sz. Any idea of the recent guaranteed return of 8.0% by the developer? How’s the mechanism works it seem very attractive to me!
Comment by Looking Around — June 21, 2006 @ 11:54 am
8% based on your purchase price (less all discounts etc)payable quarterly. but keep in mind that this GRR is not actually guaranteed..there’s a clause that says that it’s ok if the developer decides to cancel the scheme later on..however, with segi college population of 10k - 15k..guess it wont be abig prob renting it out. and i’ve checked that the developer has actually sthing to do with the development of segi college-(pharma exel- previously known as segi bla..bla..bla..). btway, amelie..is it true that cova is situsted next to an oxidation pond. what i was informed is different..the construction site was previously an oxidation pond..ill sure tak jadi beli if its located next to an oxidation pond….have booked but havent signed the SNP.other than that (oxidation), investment looks promising.
Comment by sz — June 21, 2006 @ 12:58 pm
Thanks SZ..meaning to say another developer trick says guaranteed by actually is up to them to decide to cancel if they wish later on izit?
No wonder Andaman addresss in summit USJ where SEGI is operating.. Errr any track records arh???
Comment by Looking Around — June 22, 2006 @ 12:42 pm
The Developer is the same with USJ 1 Avenue Condo. The management is from Kumpulan Emas where always done a very lousy projects around Klang Valley area. They are also holding Segi College. Be careful when decide to invest.
Comment by Boyz — June 22, 2006 @ 3:09 pm
Ya! You are right. In fact, the Submit shopping complex at USJ also managed by this group of people. Please visit the Summit (like dead town in the city), you will know how well this management ensure your investment return.
Comment by TT — June 22, 2006 @ 6:01 pm
Developer point of view. It is a trick of sales strategy. Think smart, ask advise from the property agents.
Comment by Suuny — June 22, 2006 @ 6:18 pm
the condos will be built on the water catchment area not oxidation pond. but the oxidation pond is just beside it. block a is next to the oxidation pond that’s why it is the cheapest. if u get type c on block a, it’s ok, as it will be facing swimming pool. but not type a or b, those will be facing the oxidation pond.
if u minus of the maintenance & the 3 mths refurbishment, the grr comes to about 6.5% only and not 8 as claimed. also note that when the 1st 3 yr ends, they need another 3 months for refurbishing where there’s no rental collection for these 3 mths. in short, the developer will hold the keys to the condo for 6.5 yrs but we get to collect grr for 6 yrs only. there’s where 6.5% came about instead of 8%.
but i’m quite confident with the grr as it’s tied up with segi. the developer & segi are sister companies under kumpulan emas and segi has dumped in 35 mil for this new campus. get 1 of the cheapest unit, if they dun hv enough students for the grr scheme, u know which units they will terminate 1st - the most expensive ones.
Comment by amelie.se — June 26, 2006 @ 8:09 pm
Guys, thanks for the comments. We’ve done a review of Cova Villa, please visit it comment there.
This post will be locked for comments to channel all discussion there. Thanks.
Comment by Administrator — July 2, 2006 @ 9:22 pm