Hi peeps,

Since there's no specific discussion on Five Stones, I thought I'll start one. Anyhow, was just there earlier for their "soft launch" of Phase II. The last 2 remaining towers are now available for sale:

Block D: Villa Block (2 units per floor, 25 stories) @ RM520 per sq feet [2,909 sq feet]
Block E: 4 units per floor, 35 stories @ RM480 per sq feet [2,100 & 2,400 sq feet]

For those who's truly interested, I suggest U make the trip to haf a look c and decide before Friday because according to their salespeople, the Management is indicating a 2% price increase for when they officially launch on Saturday [currently they're giving a 2% early bird discount]. Also, there aren't many units available to pick from.

--Added--
Indicative maintenance fees is RM0.27 RM0.25 p/sq feet inclusive sinking fund.

Website: http://www.sdb.com.my/main_sdb.htm

This post has been edited by tinkerbel: Jan 15 2010, 08:00 PM

If you guys are yet to notice, SS2 Mall is opening at mid 2010, and it is located along the street with Fivestones, less than 400m away I assume?

@kbandito,
Yes, there's an ss2 mall down the road, next to Ken III. I think it's about 800m-1km down the road but it's not exactly a big mall.

I think it'll function quite nicely as a neighbourhood mart/mall.

This post has been edited by tinkerbel: Jan 13 2010, 09:11 PM

tinkerbell, do they allow us to view the new show unit yet?

Also the prices you quoted include 2% discount? What's the take up rate so far?

Yes the SStwo mall would be great addition to Five Stones / Ameera occupants. Though it may also bring more traffic.

This post has been edited by urb7: Jan 13 2010, 09:32 PM

@urb7,
Yes the show unit's viewable. In fact, their "soft launch" begins tomorrow.

Take up rate is pretty high especially for the Villa Block; I believe 35 of 50 units have been sold whilst another 10 units have been "booked". If you're interested, I suggest you make time to go visit it tomorrow cause from the looks of it, come Saturday most of the choiced units will be unavailable.

The price I quoted does not include the 2% discount.

@Tinkerbel

Is it the average psqf price for SS2?

Development that is comparable to Five Stones is Ameera Residence, located just right next to Five Stones and is completed recently, price psf is around RM450?

Ken 3 Damansara which is located along the street is priced at RM300-350 psf, but both Five Stones and Ameera are more luxury IMO.

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Added on January 13, 2010, 11:09 pmIs Five Stones one class higher that Ameera?

This post has been edited by kbandito: Jan 13 2010, 11:09 PM

@Putraskyline,
I don't know what the average price per square feet is but at RM500 p/sq feet I'll say it's quite high. As mentioned, there's no other development comparable to Five Stones within the vicinity.

@kbandito,
Having seen both Ameera and Five Stones, I am of the opinion they aren't of the same class. Five Stones is one level above Ameera.

I almost bought Ameera when it was first launched, 3 years back. The very reason why I hold back then was b'cos of the low cost apartments located next to it & a "used to be" dumping site nearby. Location wise, I would just rate it as FAIR, as there is only one entry/Exit (correct me if I am wrong)

At RM500 psf, it is definitely over-priced for SS2 but again, we are talking about future pricing i.e. 3 years down the road. If they are giving those interest-free during construction scheme, maybe, just maybe can consider. The SS2 mall is a plus point however.

@tpleong,
Yes there's an "interest-free" scheme given by SDB during the construction period. Either that or take less than 90% loan and get a 2+3% discount.

I am of the opinion Five Stones will become an address of its own; and with Tropicana Grande at RM620 p/sq feet & Surian Residences at RM600 p/sq feet, Five Stones will appreciate to match those values.

Yes, maybe you are right considering the fact that new launched at Mont Kiara are going at above RM700 psf.

Now, given the fact that all units are big sized costing more than 1 mil, one can & should only buy it for own stay. It is definitely not for rental & flipping isn't easy too. By the way, do u have any idea what's the psf price for the other previous 2 towers. If it is very much lower, then how to flip?

cheers

0.27 for maintenance.. sinking fund should be another 10%..
so total is 0.30 psf?
RM630 per month..
What are the facilities available?

@tpleong,
I believe the other 2 Towers started off at about RM420 p/sq feet and been raised to RM470 p/sq feet so really it hasn't quite "appreciated" too much. I did a rough calculation, after all the discounts SDB is giving, price drops to about RM500 p/sq feet.

@ah_Keng,
I'm quite sure I asked about sinking fund but as I've been visiting quite a couple of developments lately, I'm not quite sure what the rate is at Five Stones. Let me check and get back to U later.

As to available facilities - well obviously there's security, 2 squash courts, 2 tennis courts, a pool, a garden, 2 gyms.

pass by the site almost on a weekly basis, still cant phantom paying 500psf for this area. Think most buyers are own-stayers..


the ss2 mall prospect doesnt look great either......access is terrible....

@Pai,
I think the ss2 Mall is really meant to service those who's living in the area. Don't expect it to be a 1U

Do you guys think SS2 is a good staying place for expats?
I can't imagine any person to pay RM3,500 rental for a 1,500sqf place.
The closest place to a good office area is Damansara Height maybe? If then why don't the expats rent at Mont Kiara?
SS2 is almost without any hangout place which is suitable for expats IMO.
For now stage I still think Ameera and Five Stones are good for own stay or perhaps capital appreciation, not rental return.

@kbandito,
It looks like a lot of people are moving towards condo living; probably because of the security and all *shrugs*

I'm no expat hence I've no idea Y an expat would want to live in ss2 but in terms of location, ss2 is quite central. I live in a place where there's loads of expats hence do know they help in keeping the rental market alive and obviously high; a bungalow here apparently rents for about RM18k p/month.

Frankly, I still don't see myself paying RM500++ psf for a condo in SS2. I would rather pay a bit more for one in Mont kiara, like MK10 for RM650 psf or even Ayuria around 500 psf.

I also think Surian Residence & Tropicana G are grossly over-priced.

By the way, do u by any chance know whether they are giving extra discount for Bumi?

cheers

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Added on January 15, 2010, 11:47 amTinkerbel,

Gathered that they are giving 7% discount to BUMI. Now, ....maybe can consider ....LOL

maybe u want to have a look at Brunsfield Embassy Row ......www.simedarbybrunsfield.com

This post has been edited by tpleong: Jan 15 2010, 11:52 AM

@tpleong,
Unfortunately I'm not Bumi and the last time I checked, neither are my folks *sniff sniff* Will take a look at that Brunsfield Embassy Row you recommended but I probably won't be able to afford it based on its location *grins* Also, I'm more inclined to look at landed property for my next purchase and my next aim is Seri Pilmoor @ Ara Damansara.

-Added-
Just did a quick look through at the website for Brunsfield Embassy Row; it's way too expensive; not something I can afford and I find it a lil small in size *oopS* Given the fact that I grew up in PJ I prefer Five Stones to this one. Location wise, obviously I think the one in KL is more prime but ss2 can only get better from today on

Tinkerbell, I'm also looking at Seri Pilmoor, and awaiting for their showroom and launching.

If I'm to buy a landed, that would be my no 1 choice