I do agree with Sony as SS2 is more design for resident not for investor that wanted to buy and sell once completion. If you look at it carefully, MK is a nice place to stay but if u look at nite. i would say only 15 - 20 percent are light up. It means majority are just buying and keep. There is no fundamental ground for MK. SS2 is old but is a good place to raise a family. But bare in mind... do look at other project that SDB has done. How is the maintenance and all that. At the end of the day..what keep a condo price is the mainteance of the developer over the property in the next few years.

New launches price have gone mad .....Surian at 600 psf , Icon residence at 1,100 psf but surprisingly, the take up rate is still high.
It is just a matter of time the secondary market price move up on par. Generally, there are still surplus supply.

When I went to see the phase 2 show units sometime in Jan this year, I felt quite strongly that the launch price of close to rm500 psf were at the peak side though the take-up rate was pretty encouraging then.

With the new launching prices of ~ RM600 psf and above like surian, desapark city, tropicana, subang parkhomes, isola...., it would appear that 5Stones does have quite a bit of upside, potentially RM100-150 psf. I believe those guys who went and committed during the pre launch @ < rm500 psf, would likely to walk away with some decent return if they choose to exit on completion. Assuming the current market condition is not sustainable, 5Stones purchasers will suffer less since they went in at a lower entry cost. Just personal view......

@yipwh

I have not visited Sdb's past completed projects but was told by purchasers of 5Stones and Ameera that, one of the reasons they bought is because Sdb maintains the property well. Could someone share their personal experience on Sdb's after sale service and property management capability?

is the property freehold or leasehold?

I think it is freehold.

Also I believe it is sitting on residential title.....

i dont like it being right next to a secondary school and SS2 mall.
that's about it.

design is quite nice.

boss, how much premium do you expect 5 Stones will command VS Ameera?

Today in a bullish market.................... Ameera still hovers around 400psf.............. and even then barely have any subsale txns?

@tinkerbel
Will take note of your offer. Just came to know about this property from this forum so I am still studying the comments posted here to gauge the prospects of the product.

But so far from the postings here it does seem that the subsale price of 5 Stones will not go below RM600 psf hence your asking price seems quite fair and about the current market price.

@tycoonman

Was told a while ago, there are few unsold units, you might want to check out with Sdb.

The only thing is being left over units, they might not meet your requirements even at developer's price.....

@tycoonman,
Certainly. I ain't in a rush plus if can sell then I liquidate lor otherwise I just hold it and uh... well, everything stays as status quo

Sure lah fair price, I ni memang very fair one

This post has been edited by tinkerbel: Aug 6 2010, 05:17 PM

Hi. I am new to this forum.

I am interested in acquiring a unit at 5 Stones. Suppose a reasonably good unit is only available in the secondary market.

Any interested seller?

Is that true? No more unit available even the low lying ones from the Developer?

I'm looking for property in PJ or Subang area or close by. any good recomendations if I'm open to both landed and condo with budget less than rm700k? 10q.

If you are after new and ready condo, perhaps, Ameera (Pj), Subang Residency (s jaya)

You need to check out the place and environment, buying property can be a very personal preference affair.

This post has been edited by sonycamera: Aug 19 2010, 11:24 AM

@Spare,
Hi.. and welcome. I've a unit I'm looking to let go; it's the 2,909 sf unit facing the pool, on the mid levels. If you're truly interested, drop me a PM and we can discuss further

@tycoonman,
Am not sure since I haven't spoken to the sales people since; but if there are any available units, it's because it's probably got some kinda disadvantages; maybe same level as where the water tanks are, no view, etc.

@keanuscifi,
RM700k insufficient for Five Stones, I think. Also, with that kinda $ Y don't U go for landed instead? ;D

Lately there has been a lot of news reports regarding the overheating of the property market and the Bank Negara intention to cap the financing for property at 80% LTV ratio. I forsee some impact to the Five Stones subsale price. Anyone care to share their thoughts on this?

I know of a few transactions for Ameera that ranges from RM430psf to the highest RM458psf, so I'm not sure why you mentioned they are barely any sub sale transactions. A current offer to my unit type was at RM450psf.

---

Added on September 9, 2010, 2:20 pmIf this were to be implemented, then not only Five Stones will be impacted, but the all the developments will too. However, looking at the price point of sale where Five Stones were sold at about RM450-RM500psf, this is still lower than developments that are launched in PJ, such as Westside One in DPC and Surian Residences at around RM600psf. If anything I could view this as an advantage for Five Stones purchasers who are able to sell at a lower price and make an exit if desired, and further boosted by the fact that Five Stones is a better product (IMO) than the aforementioned projects

This post has been edited by urb7: Sep 9 2010, 02:23 PM

What about accessibility? The nearby round-a-bout's traffic is mad during peak hours.

I heard that there were plan to convert it to a traffic light junction starting July 2010, but now is September, and no works have started.

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Added on September 9, 2010, 2:20 pm
If this were to be implemented, then not only Five Stones will be impacted, but the all the developments will too. However, looking at the price point of sale where Five Stones were sold at about RM450-RM500psf, this is still lower than developments that are launched in PJ, such as Westside One in DPC and Surian Residences at around RM600psf. If anything I could view this as an advantage for Five Stones purchasers who are able to sell at a lower price and make an exit if desired, and further boosted by the fact that Five Stones is a better product (IMO) than the aforementioned projects

[/quote]


urb7

I do agree with your asessment......

Progress as of 7 Nov 2010





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