The thing is in forum anyone can say anything. No need money wan. If u believe u mah buy & sell loh.

I've checked other quotation advertised by other agents. Yes, it's a lot higher.
But the owner just wish to let it go at 735k.

just got a call from owner...she wants to let go at RM720K...last price. Interested pls PM me or call 016-6033179.
https://forum.lowyat.net/index.php?showtopi...514&hl=covillea

p/s: If no takers, she will sell to another buyer next week. Cheers!

nvr mention which block and which floor also.

Let me guess, either Level 7 or Level 8.

Hmm, RM 720k for 1293 sq feet, I think ok la, not bad at decent RM 559 psf ....

guess there's a difference whether it's sited at block a or b too.
kekeke.

what do you reckon is a fair price for a 20+ floor, type 1293sf for block b?

It's block B. midfloor...can't disclose which floor.
The owner called and said the lowest she can let go is at RM715k. As for the view, there's part of vista komanwel B and at least 70-80% of golf view.
Anyone whose keen pls contact me at 0166033179.

This post has been edited by Kobe24: Jul 17 2013, 08:17 AM

is it true that there was a transacted unit >rm800k for 1293 sf with matching valuation?

Wow. More than RM 619 psf ... Transacted recent weeks?

Looking very good if one or few had breached above RM 600 psf.

Chris boss, not so much amazement on the asking/transaction price (assuming if it is indeed true), am more surprised that banks can actually match the valuation.
However basing on my last trip there, noted that it is filling up rather nicely. Unlike a few more recently vp projects, I am happy that it has garnered such occupancy rate. I also noted slightly decline in asking rental rates. Perhaps due to pressure of pro-longed installment after completion.
All in all, am pretty happy with this baby but still contemplating to dispose or not. At >750k, pretty decent no?

Kochin boss, I have the differentiation where I much prefer to be amaze on the current transaction / transacted prices more than surprise of the banks can match the valuation.

I think it would be highly rely on the valuers whether they are keen on the business and how much they understand the Bkt Jalil vicinity in terms of transacted prices of similar sizes, ranges, developments and etc. Most likely, it would be one of the CIMB and Maybank since both have the highest numbers of valuer. It is always never a surprise that there were few units were transacted way higher than current transacted prices, and it could be a great deal of where lucky seller meet pro agent, agent pro and knowledgeable to convince buyer and buyer bought agent's services and bullish himself over the availability of cheaper units. I regularly met this deals at Desa Park City and previously some of Mont Kiara condos.

The Covillea is low dense condo, therefore, as normal as current market perspective, I am sure the occupancy could be filled up in just a matter of time. Even lower range like The Zest, boasted a very high number of demands of subsales from 80's buyers buying for own stay, took 1 year to reach 80+% occupancy today.

At > RM 750k it is definitely very decent and nice capital return, where we are unable to buy back if to dispose similar product. For me, as long as capital appreciation increased btw my min to max target within 1-2 years after VP, I am very happy. I would be worry if the value is RM 830k but hardly dispose but I am in great position if the RM 750k can easily flip within a day or week.

The declined of rental rates might be a little bit surprise me, as currently there are not much similar condos with similar concept and density like Covillea until The Treez and KM 1 West completed. The biggest comparison for me I think would be Endah Promenade but some agents were very bullish there for the asking rental where even my friends unit were rented out easily.

However, I am not surprise that the rental demand would be drop or stagnant by 2015. Same as property flipping, I would only care how fast I can rent out instead of how much I can earn faster from the rental return. A lot of new buyers care a lot of the rental return and forgot to understand the current market position before defining a 4% ROI is very low compare to previous years.

my tenant asking me to sell him my unit. 1415 sqf, fully furnished. block A, for 850k because of the fengshui.

good price?

Too cheap! 1M minimum. Next year 2M.

Be more realistic man.
850k is quite decent and acceptable but how much been threw in for reno and furnitures?

That's already very "realistic" man. I actually felt like saying 1.5M, but worried that mayhaps be "unreliastic".

Dun worry about furniture or Reno. Buyers always blind and just want to own a piece of property only. They don't even know how to make phone call to agents to clarify anything wan.

1.5M? Wow that's crazy price. You might ask as much as u wish but is there a dumb buyer?

Dumb buyers? Never seen that before. Hopeful sellers looking for dumb buyers? A dime a dozen.

Dun be too greedy la.... just ask 1.4m, then give him 20% discount, you can still sell > 1m ~

Can bo 1M? Premium price ler

Next year 2M edi. Buy now before its TOO LATE!