Babe, can enlighthen us what is so diff about this dev VS other upmarket condo's in developed areas like MK, Bangsar etc?

Sigh.....

Look at DJ - it's as old as ss2. Take a drive to these "old houses" and observe both areas. What do you see? Observe deeply again.

Don't get me wrong. I LOVE the fact that you disagree with me.

By the way, it's kinda obvious that SDB has pulled your heartstrings. That's cool.

You hv yet to answer my questions. I am still waiting

So tell me - have u invested in 5 stones? If yes - why exactly? And are u doing it for own stay or purely for investment? What other areas did u consider, and why did u settle for this? (if u did)

What proposition does this have over other mega launches like your DPC condo bubble mania's?

This post has been edited by Phoeni_142: Jun 16 2010, 10:18 PM

Hi Phoeni,

When investing in these landed, do you fix it up and flip or fix it up and rent it out?

   

This post has been edited by ernie: Mar 6 2012, 11:47 AM

how does this compare to Surian Residences?

wooo have received invitation for the balloting of Surian Residences on 3rd july !!!

Was told by friends Surian show units so so only. I think Surian got more units per floor. Location wise, it is quite personal but many will prefer Surian due to Curve, 1U.....

Price psf basis, Surian is dearer.

But, I believe there are only very few units left in 5Stones.

@Pai,
The thing is, there's only this up-market condo in the ss2 and surrounding PJ areas unlike at MK where every other development's kinda up-market, etc.

@ernie,
Hmm.. my mom's always home but I think they delivered the fugly gift via courier.

Thats a valid point. Differentiation is good but at the same time could be a double edged sword ........ but since you went in early guess you r safer VS those who went in late .............


btw SDB plans to complete all phases one go or on staggered basis?

Just curious, what was the price psf for the last phase of FiveStones?? Is it not more than RM500psf?

From some property forums, the condo recently launched and about to be launched seem to be set at roughly RM600 and above ie Desa Park city, Tropicana Grande, Mutiara damansara.

In fact, I even heard Isola subang jaya might be priced at above RM700, sounded a bit unbelievable.

Assuming the entry cost is RM500 psf and valuation is at say RM650 psf upon completion in 2-3 years' time, potentially, a 2000 sf unit in FiveStones will have a upside of RM300k @RM150psf.

Does the calculation make sense?? Is that the main reasons why people are chasing high cando now?

think if you compare this with other nonsense property .............. then yes it makes sense. But if you look at the market as a whole........... u might end up with a totally different conclusion.......

Ppl chasing high end condo now is due to bull sentiments. But whether this sentiment will last until 2013 is a diff sstory altogether......

In my opinion, the REAL reason why properties are going up up up is not because of bull sentiments. The real reason is because the whole world govt has pumped in too much money into the financial systems. Properties have no choice but to go up up up. This is further couple by LOW bank interest rate.

You like it or not, I think 2013 property is going to be even more expensive no matter what is the market outlook. Things will only get more expensive.

@Pai,
Uh... I wouldn't consider myself an early bird with Five Stones; I made the decision only in their 2nd phase, which was also the last phase but ah well am pretty happy with the design/layout of the unit except for a couple of nitty gritty stuff.

I believe they're trying to complete the whole project at one go.

@sonycamera,
I believe Five Stones started off at about RM450 psf. In the last launch it was about RM525-550 psf.

@cashrich,
I'm not sure about 2013 but I'm giving the property market the next 5 years before the bubble bursts

@tinkerbel

Even at higher entry cost for phase 2, if you look at the new condo prices around, I think it is still a very decent investment with very minimum downside risks. Particularly, if you are buying for own stay and you like SS2.

I think there will be more subsale supply in the case of Ameera than FiveStones. If my guess is right, the post VP prices for FiveStones will be more sustainable. Am I right?

@sonycamera,
I sure am hoping you're right - the only reason I purchased it in the first place.

I'm still pretty undecided about moving into Five Stones; guess for now there's no plans unless the folks wanna move out of our current house and experience condo living

@tinkerbel

I do not see any bubble bursting. There isn't going to have any bubble anytime soon. Gone were the days we see bubble forming, the financial systems are already mature enough to prevent bubbles forming cos these bubbles are NOT good to anyone (espcially banking).

The way solve the sub prime - Dump in more money into the system.



@sonycamera

Does the calculation make sense??
Yes i think they do. RM 600 psf is low compare to any where in these region. Singapore u will easily see RM 2500 psf. Shanghai is RM 2000psf. They are all in the upward trend.

http://www.straitstimes.com/BreakingNews/S...ory_544575.html


'Luxury properties such as those at Sentosa, Nassim Road and Ardmore Park, where condominiums go for above $3,000 per sq ft (psf), could see further upsides. From now till the end of the year, a 5 to 8 per cent price appreciation is not difficult,' he said.


The above are all due to more money in the system and low interest rate. This is the way to be.

I am sure prices are going to go up up up launch after launch.

So confirmed, you got one?

@cashrich,
If you're so sure it's going up up up , did U invest in it then?

@wodenus,
Shush...

You might disagree but you just reinforced my statement

---

Added on June 24, 2010, 10:52 pmGood for them but not so good for the buyers?

This post has been edited by Pai: Jun 24 2010, 10:52 PM

@ tinkerbel

Yeah sure. I have got 2 units there.


@ Pai
In a way I have reinforced your statement. So you dun ride on a bullish market outlook anymore, you simply need to be converting cash into asset and you sure need to do that at a higher rate if you are a billionaire in training.

Get a few millions of good LOAN and retire.

ahh........... I see u've been influenced by the Bai

but boss while I'll gladly take your advise here, maybe you should also take his advise in the right context as well? If this is your definition of GOOD loan ........ I dont think it jives with Bai's point ....... and not sure if he would term this as GOOD loan..........

And FYI I've been actively buying up until this year as I think price of new developments has gone up to a level whereby the buyers has fairly llimited upsides ......

goood luck mate...........