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Investment Covillea Bukit Jalil, Berjaya Properties

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pjguy
post Mar 21 2012, 09:09 PM

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with many other choice for a condo in bukit jalil, is covillea able to survive with 600 per sqft in future? the price is simply too high...

but those who bought cheap few years back is earning now...
pjguy
post Mar 28 2012, 10:06 PM

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QUOTE(goldwish @ Mar 26 2012, 11:20 PM)
KM1 is lower density, more windy compare to covillea(block by vista komanwel A). KM1 is currently at 512 per sqft (well plan layout than covillea)

Z residence at 410 per sqft (very innovative design, with their floating garden, neighbours a bit mix there)

Savanna 2 which is just in front of covillea advertise for 550 per sqft but haven't heard any such transaction, the ads has been around for more than a year.

Savanna 1 advertise at rm500 per sqft but no transaction as well.

Kiara residence 2 is currently at 390 per sqft (leasehold land but near to LRT)

With all the above data presented and with bank negara tightening measures of 70 per cent for 3rd residence, based on nett income.

In conclusion, I feel the pool of potential buyers looking to buy covillea at 600 per sqft is almost impossible to get.

At 470 per sqft may raise their eyebrow.  Even at 470 per sqft, covillean are making a nice 25 to 30 percent profit.

Potential owners that buy for own stay may think twice as covillea will be swarm by APITT and IMU students seeking to enjoy the new swimming pool, gym. In no time, the facilities will be in ruins. Especially with BJ type management.
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the per sqft price listed is very lack of accuracy...should be higher...

This post has been edited by pjguy: Mar 29 2012, 09:30 PM

 

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