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Investment Five Stones @ ss2/72

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sonycamera
post Jun 15 2010, 04:06 PM

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Just read from another property forum that Mutiara Damansara is launching its new condo product @~rm600 per sq ft.

The booking is by way of invitation and balloting process. Looks like the developer is confident that the response will be overwhelming.

Seem that the benchmark now is rm600 psf in PJ and area along LDP....
urb7
post Jun 15 2010, 04:15 PM

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Yes, all these new launches are breaching 600psf, even 700psf for higher units in Westside Tower One! I'm also worried about the bubble that's this is creating. I don't see the value of Westside Tower One selling at the price other than the fact that it's in DPC. I mean your car park is in another building and the prospect of taking 2 lifts to reach your unit just turns me off. Also the layouts are very narrow and pretty old fashioned.

DPC used to be a very nice place to live, but with the rate it's building condos, surely it'll be really busy and jammed in that area.

I still believe that Five Stones' development has it's own merits and offers more value in terms of living standard and offerings.

ps. I'm vested of course! tongue.gif

This post has been edited by urb7: Jun 15 2010, 04:17 PM
TStinkerbel
post Jun 15 2010, 04:21 PM

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@urb7,
*high5* Prices of properties are getting ridiculous! I seriously believe this bubble's gonna burst but when that's gonna happen.. *shrugs*

The only good thing about all this is that if you own any developments, it's all increased in prices and in leaps and bounds too tongue.gif
urb7
post Jun 15 2010, 04:25 PM

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Paper gain is surely there, but finding secondary buyers at that prices...that's all waiting to be seen!!

Btw, how's SStwo mall coming along? Did they put up the signages of the tenants yet?? The last time I visited the area, they had the signboard set up outside! It's looking good I'd say!!
ernie
post Jun 15 2010, 04:34 PM

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This post has been edited by ernie: Mar 6 2012, 11:49 AM
urb7
post Jun 15 2010, 04:39 PM

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Yikes, Giant! My least favourite hypermart! sad.gif
ernie
post Jun 15 2010, 04:53 PM

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This post has been edited by ernie: Mar 6 2012, 11:48 AM
TStinkerbel
post Jun 15 2010, 05:13 PM

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@urb7,
I haven't gone back to Five Stones since err the last trip [and that was probably during CNY] hence don't know what's developing with the SStwo mall; am just keeping my fingers crossed whoever shifts in, is gonna benefit me [then again, I haven't decided if I'm moving into ss2!]

@ernie,
EeeeK... Giant?!! Ah well.. better than nothing I guess... whatever happened to Village Grocer tongue.gif I have enough of all these Digital Influence (DI) thingy at the office so when at home, I just turn off tongue.gif

urb7
post Jun 15 2010, 05:27 PM

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I really hope it turns out to be a BSC of our own!
TStinkerbel
post Jun 15 2010, 05:28 PM

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@urb7,
Lol... I want a BSC but with Giant/ss2 prices, can ah? tongue.gif
urb7
post Jun 15 2010, 05:29 PM

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I don't mind Bangsar price! tongue.gif


Added on June 15, 2010, 5:32 pmJust read that Surian Residences pricing is out...

850 sqf - from 507k
1400 sqf - from 830k
1636 sqf - from 903k
1679 sqf - from 926k
1830 sqf - from 1.01mill
2067 sqf - from 1.14mill
2250 sqf - from 1.24mill

Looks like PJ / DPC / MD prices have breached RM600psf! Crazy!

This post has been edited by urb7: Jun 15 2010, 05:32 PM
TStinkerbel
post Jun 15 2010, 05:32 PM

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@urb7,
Ah well.. sooner or later everything's gonna be Bangsar prices; just look at the last few developments which was launched...

Speaking of which, did U go for the uhm.. Sunway Rymba launch?
urb7
post Jun 15 2010, 05:36 PM

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I am out of the country so didn't have a chance to go, the prices are from 3.2m if not mistaken. Looks nice, but location is a bit...uhmm not that good. You've got high tension wire, and light industrial factories. But overall, it looks nice with the forest reserve as part of the development. Very green I guess!


TStinkerbel
post Jun 15 2010, 05:38 PM

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@urb7,
The weird thing is, the design of the houses didn't capitalise on the forest! There's no view of the forest from the living room.

Ahh.... I thought you're back mah!
urb7
post Jun 15 2010, 05:47 PM

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Okay, back to Five Stones, did anyone of you receive a complimentary dining set from SDB yet?
TStinkerbel
post Jun 15 2010, 05:49 PM

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@urb7,
Dining set?! Er.. U call that dining set meh?! I call that rubbish - and before I dug deeper, I thought they were painted tiles !


urb7
post Jun 15 2010, 05:51 PM

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QUOTE(tinkerbel @ Jun 15 2010, 05:49 PM)
@urb7,
Dining set?! Er.. U call that dining set meh?! I call that rubbish - and before I dug deeper, I thought they were painted tiles !
*
I haven't seen it, I just read about it! tongue.gif
TStinkerbel
post Jun 15 2010, 05:55 PM

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@urb7,
I don't think it's a dining set; it's like those photo-frame plates (minus the photo-frame).

Am pretty bad at description... hope U understand tongue.gif If U want, I give U mine lah tongue.gif
sonycamera
post Jun 15 2010, 09:19 PM

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With the new launching prices breaching rm600 psf, owners of Ameera & purchasers of 5Stones sure hv no complaints, at least decent paper profit in hand.

Heard Surian show units ready awhile ago, nothing to shout about if compared with 5Stones. Is that true?

Not too familiar with road system there. Is the main access to ss2 mall via ss2/72? Just wonder if ss2/72 could cope with the traffic volume?
urb7
post Jun 15 2010, 09:25 PM

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The showroom for Surian Residences has been there for donkey years, you can check here: http://www.flamed2.com/urban/2009/05/30/su...hotos/#more-151

To me the showroom is a bit of BLAH, but they are selling primarily on location. It's freehold, and it's the last condo development in MD.


Added on June 15, 2010, 9:26 pmAs for sstwo mall, the main road will not be SS2/72, instead it's the back road leading from Rothmans roundabout.

This post has been edited by urb7: Jun 15 2010, 09:26 PM

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