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> Five Stones @ ss2/72 (Investment)

tinkerbel
post Jan 13 2010, 08:18 PM


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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
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kbandito
post Jan 13 2010, 09:08 PM


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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?
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tinkerbel
post Jan 13 2010, 09:10 PM


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@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
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urb7
post Jan 13 2010, 09:31 PM


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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
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tinkerbel
post Jan 13 2010, 09:43 PM


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@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.
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Putraskyline
post Jan 13 2010, 11:00 PM


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@Tinkerbel

Is it the average psqf price for SS2?
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kbandito
post Jan 13 2010, 11:07 PM


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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.


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
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tinkerbel
post Jan 13 2010, 11:16 PM


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@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.
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tpleong
post Jan 14 2010, 09:55 AM


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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.


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tinkerbel
post Jan 14 2010, 10:09 AM


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@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.
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tpleong
post Jan 14 2010, 10:41 AM


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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


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ah_Keng
post Jan 14 2010, 04:34 PM


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0.27 for maintenance.. sinking fund should be another 10%..
so total is 0.30 psf?
RM630 per month..
What are the facilities available?
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tinkerbel
post Jan 14 2010, 06:14 PM


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@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.
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Pai
post Jan 14 2010, 07:45 PM


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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....



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tinkerbel
post Jan 14 2010, 08:55 PM


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@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 tongue.gif
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kbandito
post Jan 14 2010, 11:03 PM


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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.
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tinkerbel
post Jan 14 2010, 11:18 PM


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@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.
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tpleong
post Jan 15 2010, 09:00 AM


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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


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
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tinkerbel
post Jan 15 2010, 12:28 PM


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@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 tongue.gif
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urb7
post Jan 15 2010, 01:41 PM


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QUOTE(tinkerbel @ Jan 15 2010, 12:28 PM)
@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 tongue.gif
*
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 drool.gif drool.gif
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tinkerbel
post Jan 15 2010, 02:02 PM


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@urb7,
If I ain't mistaken their showroom is oredi available for viewing. Also, the indicative pricing for the Semi-D's are RM2.8m whilst the Bungalow's RM4.3m.

-Added-
I'm off to the Five Stones site in a bit; anyone who wants any info whilst I'm on site, drop me a Twitter so I can respond; am not going to check LYN PMs whilst I'm there but Twitter @ 140 characters shouldn't be a problem.

This post has been edited by tinkerbel: Jan 15 2010, 02:05 PM
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tpleong
post Jan 15 2010, 02:59 PM


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QUOTE(tinkerbel @ Jan 15 2010, 12:28 PM)
@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 tongue.gif
*
Juat came back from 5 stones, ...man , it's selling like hot cakes. A rough count, more than 50% sold & that's before launching with is tomorrow. The salesperson said there will be an increase in price tomorrow but I doubted.

Just to add a few info, it seems that Jusco is gonna to be the anchor tenant for the SS2 mall so 1 point up.

Ok..after looking at the whole project plan & layout, I concluded that the best buy would be the Villa , Unit 1 IMHO. Going for 1.5 mil before discounts. I am tempted but don't think am able to commit/make a decision within today.

Gosh ..... hmm.gif

This post has been edited by tpleong: Jan 15 2010, 03:41 PM
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tinkerbel
post Jan 15 2010, 04:43 PM


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@tpleong,
Am glad U like it *smiles* Yes apparently there'll be a 2% increase when it's launched officially tomorrow; I'm thinking; SDB will probably just do away with the 2% early bird discount *shrugs*

Anyhow I also checked - maintenance fees is RM0.25 p sq feet and that's inclusive of the sinking fund.

I prefer Unit-02 of the Villa's as all rooms will have views; unlike Unit 01.

So.. U jumping onto the bandwagon?! Come on.. decide today and save 2% tongue.gif
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tpleong
post Jan 15 2010, 04:49 PM


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timberkel,

If u look carefully, there must be a reason why Unit 1 were all taken up except 15 floor (I am eyeing on this).......


Added on January 15, 2010, 4:50 pmthere is a river/drainage running atthe back of 5 stones ......will there be any smell ?

This post has been edited by tpleong: Jan 15 2010, 04:50 PM
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tinkerbel
post Jan 15 2010, 04:53 PM


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@tpleong,
The view from the Lanai is better on Unit 01 because it's a more "central" view but the rooms will be looking into Jasmine Tower.

On Unit 02 the view of the Lanai is a lil to the side but it is good enough to see the pool + the garden plus it's not blocked by the opposite 38 storey block (Ph 1 launch) and the rooms will look into Jasmine Tower's pool.

Anyhow, to each his own *smiles* Oh btw Level 15 is above the Service Room - but you're right - nothing's available other than Level 13-15 on that one.
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urb7
post Jan 15 2010, 07:07 PM


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On the discount part, let me tell you it's the same practice they did for Phase 1, so I think they will be a price increase ( or rather taking out the 2% discount ) given the good response.

I just got back from the showunit...the 2200sf one looks almost similar to the earlier phase except that you have a larger wardrobe space in the master bedroom and you get a standalone bathub instead of a built-in one. There is also a bigger living space as there used to be a wall seperating the living room and study area.

As for the villa...WOW!! I am so impressed by the layout and the ideas they had put in. I am loving the breezeway as well as the lanai area. Very very good idea. Lots of windows actually, so the living area would be really really bright. Thumbs up on the new villa design. I especially adore the Tom Dixon Beat lights in the dining area.

Ouch on the pricing though!

ps. I'm not sure if this is allowed, but we have a Five Stones and Ameera residences forum at http://www.flamed2.com/urban/talk. Hope to meet more owners and prospective owners there! cool2.gif

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tinkerbel
post Jan 15 2010, 07:40 PM


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@urb7,
Yeah I too have a feeling they'll just be taking away the 2% early bird discount. Am heading over to ur forum but it's a bit quiet on the Five Stones forum [hint: make me a Moderator too?! *LOL]

And since you were there, am sure you took photos - quick quick upload it - I'm too lazy to do it tongue.gif
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urb7
post Jan 15 2010, 07:45 PM


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Actually got photo since I'm unescorted haha (need to buy a compact for that), I will add to the Five Stones forum and later here. I also havne't update the details etc...hehe


Please help with the details! Moderator? Can!
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tinkerbel
post Jan 15 2010, 07:47 PM


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@urb7,
What details do U want? I oredi updated all the details I know mah - damn, I made the mistake of not taking a picture of what's available on both Block D & Block E. Was just too bz taking photos of the damn show unit.
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urb7
post Jan 15 2010, 08:04 PM


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2024sf / 2039sf (Block E)
- 142 units, 35 storeys.
- 4 units per floor, no sharing of party walls
- 4 lifts

user posted image

2909sf (Block E)
- 50 units, 25storeys.
- 2 units per floor, no sharing of party walls
- 2 lifts, private lobby

user posted image

More: http://www.flamed2.com/urban/talk/five-sto...-units-t79.html
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tinkerbel
post Jan 16 2010, 06:59 PM


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Hi peeps,

Just an update - there's been no price increase; and they're still giving our a 2% discount. Had lunch with grandmother and took her to view the place.

Below, screen shot of what's available and not as at 4PM.

2024sf / 2039sf (Block E)
- 142 units, 35 storeys.
- 4 units per floor, no sharing of party walls
- 4 lifts

user posted image

2909sf (Block D)
- 50 units, 25storeys.
- 2 units per floor, no sharing of party walls
- 2 lifts, private lobby

user posted image

This post has been edited by tinkerbel: Jan 16 2010, 07:08 PM
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eyng
post Jan 17 2010, 09:13 AM


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In my opinion it is too expensive, think you could get those landed property opposite roughly around the same price or lower. Though the landed property is already about 30 years old, it is freehold.

SS2 is great due to the location - easy access to KL,subang, 1U and plus a self sustaining commercial area and with a mall coming up, this points great things to come to this neighbourhood.
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tpleong
post Jan 18 2010, 10:23 AM


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QUOTE(tinkerbel @ Jan 16 2010, 06:59 PM)
Hi peeps,

Just an update - there's been no price increase; and they're still giving our a 2% discount.  Had lunch with grandmother and took her to view the place.

Below, screen shot of what's available and not as at 4PM.

2024sf / 2039sf (Block E)
- 142 units, 35 storeys.
- 4 units per floor, no sharing of party walls
- 4 lifts

user posted image

2909sf (Block D)
- 50 units, 25storeys.
- 2 units per floor, no sharing of party walls
- 2 lifts, private lobby

user posted image
*
Look like the villas being taken up fast. After much consideration, decided to give it a miss thought I liked it very much & can get the extra 7% discount.

Have u booked yours ....Timkerbel ? biggrin.gif
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tinkerbel
post Jan 18 2010, 11:49 AM


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@tpleong,
I figured U didn't go ahead with the booking (at least when I took the picture) since D-15-01 remains unpinned tongue.gif

Extra 7% discount?! Hm... you're a Bumi huh?! How lucky! Yeah I chose Unit 02 instead of 01 *grins*
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tpleong
post Jan 18 2010, 03:14 PM


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Tinberkel,

Actually, with the extra 7%, I would have an extra RM100k cushion & by logic, with the interest free during the construction period, it is HARD to make a loss.....am I right?

The main reason pulling me back is SS2 not being expat favourites...

Since they have not pull back the 2% discount.....I still have time to reconsider.

cheers
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tinkerbel
post Jan 18 2010, 05:33 PM


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@tpleong,
You've addressed me twice in the last 2 post and yet you got the nick wrong! tongue.gif Timkerbel and then Tinberkel tongue.gif

Yes apparently you still do have time to decide; but if you intend to flip it immediately U got to think about the bank lock-in period of 5 years. Unlike you, I've an option of moving in; mom might want to decide to shift in there but *shrugs* we'll see about it.

PS: When I called this afternoon to check what the response rate over the weekend was, I was told there's 3 units remaining (exc 1 penthouse) for the Villa Block.

This post has been edited by tinkerbel: Jan 18 2010, 05:33 PM
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Minolta
post Jan 18 2010, 09:58 PM


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Investment strategy?


For capital appreciation(flipping).....Hard to say. Likely will not lose money, but after minus 2% agent commission, lawyer's fee etc, will be bit difficult to get much profit. Expect BLR to be at least 0.5% higher by VP.

For rental......can you get at least 7.5% return? SS2 is not an expat area.

Own stay.......long term investment. Likely best bet as when the area matures in about 10 years time, sure got potential.





minolta
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tpleong
post Jan 19 2010, 09:12 AM


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QUOTE(tinkerbel @ Jan 18 2010, 05:33 PM)
@tpleong,
You've addressed me twice in the last 2 post and yet you got the nick wrong! tongue.gif Timkerbel and then Tinberkel tongue.gif

Yes apparently you still do have time to decide; but if you intend to flip it immediately U got to think about the bank lock-in period of 5 years.  Unlike you, I've an option of moving in; mom might want to decide to shift in there but *shrugs* we'll see about it.

PS: When I called this afternoon to check what the response rate over the weekend was, I was told there's 3 units remaining (exc 1 penthouse) for the Villa Block.
*
LOL...sorry..Ms Moderator. Me getting old rclxub.gif

Look like time running out for me. Will drop by today to have a look again.

I too have the option to move in as I kinda like SS2, suits me & family better rather than the place I'm staying now.

smile.gif


Added on January 19, 2010, 9:18 am
QUOTE(Minolta @ Jan 18 2010, 09:58 PM)
Investment strategy?
For capital appreciation(flipping).....Hard to say. Likely will not lose money, but after minus 2% agent commission, lawyer's fee etc, will be bit difficult to get much profit. Expect BLR to be at least 0.5% higher by VP.

For rental......can you get at least 7.5% return? SS2 is not an expat area.

Own stay.......long term investment. Likely best bet as when the area matures in about 10 years time, sure got potential.
minolta
*
Minolta,

Agreed with u , rental is OUT. Either flip or own stay.

biggrin.gif

This post has been edited by tpleong: Jan 19 2010, 09:18 AM
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tinkerbel
post Jan 19 2010, 10:06 AM


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@Minolta,
There's no existing rental market in ss2 to compare; if you compare the current developments it's just not worth the rental but I've a feeling there's $ to be made on this project.

@tpleong,
Lol. Don't let me influence U tongue.gif
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Pai
post Jan 19 2010, 10:35 AM


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This 5 Stones will be ready in 2012 or 2013?
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tpleong
post Jan 19 2010, 10:42 AM


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2013 ...boss. Some expert said 2013 will be a good year for property market in Malaysia.

Timkerbel,

Am not easily influenced, just got attracted with the extra 7% discount & free interest during construction. My problem is not about the viability but more of funding.

By the way, did u go to have a look at MK28, Mont Kiaraby Sunrise? This one I think also not bad. Worth a look.




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Pai
post Jan 19 2010, 11:01 AM


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QUOTE(tpleong @ Jan 19 2010, 10:42 AM)
Some expert said 2013 will be a good year for property market in Malaysia.
*
My view is the exact opposite as I think properties that is being VPed 2013 & 2014 will be under significant risk...... smile.gif

Anyhow its irrelevant if one buying for own stay, as u really get a decent product from SDB. For those who plans to flip, good luck trying to flip a 1mil condo in PJ in a bad market..........

wink.gif
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tinkerbel
post Jan 19 2010, 11:25 AM


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@tpleong,
Don't rush into it just cause there's a 7% discount. It's not like u can't get it for other developments. Purchase it only if u haf thought through it. As to shifting in, just put into consideration there'll be a ~$800 maintenance fees p/month.

Am not looking at any other condos/properties at this point. Also, personally I don't like Mont Kiara area, I think it's priced too high & rental has significantly dropped due to reduced demand. Plus it's a concrete jungle there sad.gif

@Pai,
I'll let u know how it goes in 2013 smile.gif

This post has been edited by tinkerbel: Jan 19 2010, 11:26 AM
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tpleong
post Jan 19 2010, 03:51 PM


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Too bad, all the good units gone. Villa only left 3 units , all not favourable location as it is next/near the water tank.

sad.gif

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sonycamera
post Jan 19 2010, 04:29 PM


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Hi


I was told that the Villa block was almost sold out and most of the good units in highrise block (I think it is called Block E) have been taken. Pretty surprised as it was only launched last week and the selling price is steep even after the rebate.

If I am keen to get one for own use, should I consider the remaining unsold units (might not be choice units) in Block E or buy one from the secondary market on completion when I can see the actual physically unit before I commit. Of course for the latter, I mightl run the risks that the market price might go beyond the level that I could afford.

Could someone who had past similar situation share some views. TQ!




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tinkerbel
post Jan 19 2010, 06:37 PM


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@tpleong,
Er.. isn't that what I reported in my earlier post?

@sonycamera,
U should onli look at purchasing something if you like the unit/view. If it's not choiced, it'll also be difficult to let go should you decide to sell it in the future. At this kinda prices, U probably can scout around and see if something else comes up; unless you really really really like the location and don't want to stay anywhere else.

Which units on Block E are you looking at? 2,100/2,400 sq feet?

Unless the market really slumps and people can't hold onto their unit, I doubt the prices will be any lower than what's currently being offered by the developers tongue.gif

This post has been edited by tinkerbel: Jan 19 2010, 06:42 PM
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sonycamera
post Jan 20 2010, 08:50 AM


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Tinkerbel

Thank you for the valuable input.

Personally, I like SS2 partly due to the fact that I used to stay there and familiar with the area. I am eyeing the 2400sf type, particularly the one looking at Bangsar / KL direction.

Looking at the pricing and unit size, I guess many purchasers will keep them for own stay rather than put them in the market on completion. I heard many purchasers are from Ameera who will sell Ameera units and buy and keep 5 Stones for own use.

Anyway, still thinking about it. Incidentally, someone said Mutiara Damansara will be launching their last condo project soon. Not sure pricing and unit size but still prefer SS2.


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tpleong
post Jan 20 2010, 09:07 AM


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SonyCamera,

it is called Surian Residence, rumours around saying its gonna be priced around RM650 psf. I used to own a unit at surian condo (the old one) but sold it off at a rediculous cheap price! I have registered myself with the developer for this one.

Timkerbel,

Yeah, U mentioned it ....hard to believe !
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sonycamera
post Jan 20 2010, 10:13 AM


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If the indicative price tag for Surian residence is rm650psf, unless the design and specification are very much more superior than 5 Stones, if not, the pricing for 5 Stones might not look very steep in comparison.
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tinkerbel
post Jan 20 2010, 01:14 PM


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@sonycamera,
tpleong is right; indicative pricing for Surian Residences is RM600+ psf. I guess they're comparing themselves with Tropicana Grande (that's about RM620 psf) and Bukit Utama 9 has not released their pricing on their latest condominium but they did mention it'll be similar to current "market prices" so I'm betting that's gonna be at least RM600 psf.

Am not sure about Surian but Bukit Utama 9 doesn't seem to give u the same concept as what Five Stones have and density is probably much higher.

So.. Ur saying the 2,400 sqf units facing KL ain't available anymore?!
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sonycamera
post Jan 20 2010, 01:49 PM


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The info I got on monday was the upper levels (I think level 18 and above) of 2400sf units (called Unit No. 2 if I am not wrong) that are facing KL direction have all been booked. I understand that from these these units, one would not not see any of the apartments/condo around 5 Stones and have a clear view of KL.

The other 2400sf units that are facing the garden/pool, the take up rate was very high for lower levels but not upper levels.

I believe there are still units if one doesn't mind lower levels KL view and upper levels garden/pool view.

Btw, is Tropicana Grande leasehold or freehold?
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tinkerbel
post Jan 20 2010, 02:01 PM


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@sonycamera,
Tropicana Grande is leasehold and whatever's left aren't choiced units. Hmm.. if the unit you're after is booked and not purchased, U might have a chance - if you're serious, go to the sales office and get one of the staff to help U smile.gif

I initially booked the 8th floor facing the pool but after due consideration, decided to let it go. It's no longer available though cause someone was waiting for me to release it. Also, the 2,400 sqf units are facing direct West; too hot for my liking.
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urb7
post Jan 20 2010, 07:44 PM


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Was looking at Tropicana Grande, truly amazed with the high 11" ceiling. It does make a difference, but IMO it's way too high, imagine all the window dressing you will need! The views for all units will be amazing as they front the golf course, something I think Five Stones will not be able to offer. But I think Grande is catered for the old school cinapek towkay where everything has to be grand and extravagant (ie, tacky), whereas Five Stones is more modern and contemporary.


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sonycamera
post Jan 20 2010, 08:07 PM


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I was told Block D is almost all taken up.

Just wonder if anyone knows the lastest sale position of Block E. I presume people who can't get one in Block D may start looking at Block E now.......

Sometimes, just wondering how condo units with price tag of over RMmiilion can just be snapped up like that in a matter of a couple of weeks........due to Location??? Design??? Cheap borrowing cost?? Reputation of SDB????.........



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urb7
post Jan 20 2010, 08:08 PM


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You should look at Tropicana Grande...from RM1.5million, take up rate has been really good.

IMO, units in Block E is not that attractive, I much prefer the typical units in Block A, feel much more cohesive in terms of layout.

This post has been edited by urb7: Jan 20 2010, 08:09 PM
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tinkerbel
post Jan 20 2010, 09:31 PM


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@urb7,
Tropicana Grande doesn't have many choiced units left the last time I went. Also, the block with the best view also happens to be facing West directly and with such high and big windows, it's not gonna be comfortable IMHO.

@sonycamera,
Last we checked, Block D only had 3 units remaining excluding 1 penthouse unit. Am not sure about Block E. Am hoping prices will increase to RM800 psf by the time it's ready tongue.gif *grins*
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sonycamera
post Jan 21 2010, 08:20 PM


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Wah, if Rm800 psf really comes through upon completion, this will give a handsome gain of 60% based on the entry cost of about Rm500 psf. The purchasers will be laughing to the banks.

Personally, I believe the valuation will be moving over Rm600psf on completion since Tropicana condo are priced above Rm600 at launch. Furthermore, there are talks that Mutiara Damansara will also be launching theirs above Rm600. In addition, friends told me that 5 Stones designs are more superior though I have not seen the other two.

The problem is there will be people, like myself who always can't decide and commit at developers' launching price but might get excited to see completed units and go into secondary market and pay a higher price.

Anyway, let see the response for Block E since Block D is almost fully sold. I suppose if someone really like SS2 and the product quality, there might not be other comparable products presently.
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tinkerbel
post Jan 21 2010, 08:40 PM


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@sonycamera,
hEHeheh Yeah.. RM800 might be a bit far fetched but let's give it awhile - I think it'll be about 8-10 years from now; when it's ready it'll probably hit the RM650-720 psf.
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sonycamera
post Jan 21 2010, 09:24 PM


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@tinkerbel

rm650-720 on completion, now you makes me feel like revisiting the posibility of commiting an unit.

Anyway, even if I buy it is for own stay. Having said that, circumstances may change in 3 yrs times. If got to exit on completion @ above rm650, I will hv no complaint.

Frankly, I like 5 Stones concept, more superior than Ameera.....
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tinkerbel
post Jan 21 2010, 10:40 PM


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@sonycamera,
With it's pricing, Five Stone is definitely more superior than Ameera tongue.gif But having said that Ameera doesn't seem to be that bad either *smiles*

Ah well.. can't blame a girl for hoping, right?! RM720 might be on the high side but RM650 probably should be possible.

Go revisit it, go go go ! I oredi committed meself and managed to influence another aunt who's got the $ too! *grins*

This post has been edited by tinkerbel: Jan 21 2010, 10:41 PM
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Pai
post Jan 22 2010, 12:42 AM


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QUOTE(tinkerbel @ Jan 21 2010, 10:40 PM)

Ah well.. can't blame a girl for hoping, right?!  RM720 might be on the high side but RM650 probably should be possible.

*
At RM650psf.......you need to sell it for close to 1.2mil................ very tough IMO......... logically speaking. Will locals pay for 1.2mil condo in ss2?


But being vested in the area, I sure wish your hopes become reality tongue.gif
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tinkerbel
post Jan 22 2010, 08:20 AM


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@Pai,
If I didn't see the prospect I wouldn't have purchased it, right?! Also, have no idea where you derive 1.2m; it's more like 1.9m! tongue.gif

Anyhow, like I said - we'll know in 2013 when the place is ready.
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tpleong
post Jan 22 2010, 08:47 AM


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QUOTE(sonycamera @ Jan 20 2010, 08:07 PM)
I was told Block D is almost all taken up.

Just wonder if anyone knows the lastest sale position of Block E. I presume people who can't get one in Block D may start looking at Block E now.......

Sometimes, just wondering how condo units with price tag of over RMmiilion can just be snapped up like that in a matter of a couple of weeks........due to Location??? Design??? Cheap borrowing cost?? Reputation of SDB????.........
*
Sonycamera,

If you are buying for own stay, you should go for secondary market NOW!!! There's plenty around if you are willing to pay 600 psf , with better quality & location.

Just my opinion.

biggrin.gif



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sonycamera
post Jan 22 2010, 09:10 AM


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Personally, I feel a target price of RM600-650 psf is not unreasonable. It is roughly an appreciation of about 20 -30 % over the entry cost in 3 years.

For this to happen, I think the following factors will help:

1. Ameera will need to perform well in the next 3 years. I was told Ameera owners are asking RM400-450 psf now.

2. I believe most purchasers in 5 Stones are for own stay while there are more investors in Ameera. If the rule of supply and demand works, this may be in favour of 5 Stones when it is ready.

3. SDB should deliver high quality products and after sale supports as they have projected. Ameera will set a good precedent for 5 Stones.

4. SDB should continue to promote and support the market awareness of 5 Stones even they have cleared all their stocks. Branding commands value.

I tend to agree with Tinkerbel, the prospect is there.


Added on January 22, 2010, 9:40 am
QUOTE(tpleong @ Jan 22 2010, 08:47 AM)
Sonycamera,

If you are buying for own stay, you should go for secondary market NOW!!!  There's plenty around if you are willing to pay 600 psf , with better quality & location.

Just my opinion.

biggrin.gif
*
Hi tpleong

Any recommendations around SS2?



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tpleong
post Jan 22 2010, 10:01 AM


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Although like yourself, I do like SS2 very much, I would suggest that u look beyond SS2.

Firstly, I don't think Ameera is worth RM400++ psf,honestly speaking. At most, for good units..maybe RM400 psf. Afterall, it is still SS2, a mid-class area. The landed properties have to rise to that level first otherwise, why would I settle for a condo if I can get a landed for a lower price. ......logic, right?

I do agreed with you that most buyers of 5 Stones are for own stay, moving from landed to condo, for only one reason , security. They consist of mainly the older generation, definitely not yuppies. Another thing, there won't be any expats...that's for sure. So u can only buy 5 stones for own stay, rental is out!. One thing that I didn't like about the area is the traffic....real bad.

SDB....no comments but so far, they are doing ok.

cheers


Added on January 22, 2010, 10:05 amAnother thing we need to take note is that the current BLR & interest free scheme during construction is playing a big part in the overwelming sales. Scenario might change in 2013!

This post has been edited by tpleong: Jan 22 2010, 10:05 AM
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Pai
post Jan 22 2010, 12:40 PM


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QUOTE(tinkerbel @ Jan 22 2010, 08:20 AM)
@Pai,
If I didn't see the prospect I wouldn't have purchased it, right?! Also, have no idea where you derive 1.2m; it's more like 1.9m! tongue.gif

Anyhow, like I said - we'll know in 2013 when the place is ready.
*
Chief, was referring to the smallest unit.........hence the 1.1-1.2m tongue.gif

Prospects is what we normally want to see therefore highly subjective ....... but reality might not be as rosy...... and at close to a mil entree cost, the stakes r a lot higher......

With real prospects of rising interest rates in 2013, what are the odds of finding someone would could pay approx 11k in monthly installments + maintenance to stay in ss2.............................



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lowyat888
post Jan 22 2010, 01:31 PM


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people nowadays must be loaded buying condo around RM500k++. just imagine buying condo more than half a million is ridiculous at pj ss2. how much can it appreciate? rental is totally out. maintenance is also expensive.

condo is kosong/empty only. have to renovate and put in alot of furniture etc.
alot of hidden $$ have to be invest into.

just wait till BLR increase than alot of property warehouse sale bcos buying at almost peak price. this year alot of things is about to price increase.

majority of buyers buy property at a very high price nowadays all talking about more than rm500k. there is alot of choices with that amt of $$ and how much can it appreciate.

for condo is way too high price. i think alot of buyers is earning alot of $$ in this kind of economy
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tinkerbel
post Jan 22 2010, 03:28 PM


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@tpleong & sonycamera
You're definitely right. At RM600 psf there are a lot of other opportunities out there. Hell, for RM600 psf I'll sell you the link house (22' x 103') I purchased at Valencia *grins* except it's all the way in Sg Buloh; not anywhere near ss2 tongue.gif

@Pai,
The smallest available unit (on this launch) is 2,100 sqf. 1.1m is the current sale price tongue.gif Ah well.... no risk no gain tongue.gif

@lowyat888,
You'll be surprised at the market; how many rich people are buying into condominiums whether it's to give to their children or for their own stay. Apparently, someone bought 3 villa units at Five Stones; for each of his kid!

It is good actually if everyone who buys into Five Stones moves in because that way the place will appreciate faster.




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tpleong
post Jan 22 2010, 03:29 PM


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QUOTE(lowyat888 @ Jan 22 2010, 01:31 PM)
people nowadays must be loaded buying condo around RM500k++. just imagine buying condo  more than half a million is ridiculous at pj ss2. how much can it appreciate? rental is totally out. maintenance is also expensive.

condo is kosong/empty only. have to renovate and put in alot of furniture etc.
alot of hidden $$ have to be invest into.

just wait till BLR increase than alot of property warehouse sale bcos buying at almost peak price. this year alot of things is about to price increase.

majority of buyers buy property at a very high price nowadays all talking about more than rm500k. there is alot of choices with that amt of $$ and how much can it appreciate.

for condo is way too high price. i think alot of buyers is earning alot of $$ in this kind of economy
*
Not RM500k++ lah , it's RM1.5 mil (3 times) in SS2. If it was RM500k++, I would have sapu already!

However, I can bet with you that you won't see any forceselling for this particular project. smile.gif

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tinkerbel
post Jan 22 2010, 03:31 PM


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@tpleong,
If it's RM500k++ I probably wouldn't have bought it ! tongue.gif Somehow, I'm just very particular about purchasing properties; probably just kena influence from dad - if it's not too exclusive, it's not something I want tongue.gif LOL

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tpleong
post Jan 22 2010, 03:42 PM


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Timkerbel,

No offence, 5 stones is only exclusive within its own compound. The surrounding is a bit let down with low cost apartments and all. This is the very reason why I didn't buy in Ammera in the first place and same for not willing to pay so much for 5 stones. Again, this is just me.

Notwithinstanding the above, if I have plenty of money to spare, I will still buy the Villa......just love it. U made a good choice....no regret dont worry.

cheers
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tinkerbel
post Jan 22 2010, 03:44 PM


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@tpleong,
Yeah... I don't mean the entire area being exclusive; I ain't that rich! It sure is time for me to move back to PJ though i lurve this kampung I live in right now *g*
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tpleong
post Jan 22 2010, 03:47 PM


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Timkerbel,

Which kampong are you staying ? I am also staying in a kampong but full of concrete...unfortunately
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lowyat888
post Jan 22 2010, 03:54 PM


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buyer keep jacking up the price also good for the area and boost up the price there

i think the condo there is more expensive than those double storey house there

living in condo actually is more expensive than house bcos of the monthly maintenance+ sinking fee and extra insurance. alot of hidden cost behind. for rental ok not for staying. very high maintenance cost per year

for rental is totally out for that area bcos double storey house is rental rm1500k only
double storey house ownly rent for RM1500 amonth for size of 24*75 house and alot of space for parking yr car compare to condo only 1 or 2 car park per condo.

how much can condo rent if really want to rent? can cover loan interest? not expatriate area. can the rental be match against klcc condo? but the price purchase almost the same as klcc condo if compare

alot only pay loan interest but not the principal. the only gainer will be the bank, the longer the better. in time to come to payup the loan ,the condo will be triple the among purchase

buying 3 condos must be very loaded. their salary must be almost 50k amonth. incometax will eyeing on them soon. REALLY HAVE TO BECAREFUL AT THE BLR REVISE. when it reach 6% then will feel the pain.

even 500k loan salary must at least above 10k

Big Mistake Property Investors Make
Some people can jump in the property game, buy an apartment, rent it out to the first viewer, and then says: “HEY! This stuff is easy, how come not everyone is doing it.

It is true. Property investment is quite an easy process to get into, and many starters even with the least amount of homework can land a decent piece of property and generate both rental return as well as a healthy book value increase over the following few years.

However, the differentiation between racking multi-million dollar fortunes in any market, and those who fall by the side in frustration at market conditions/falling yields/rising maintenance/panicking over bank payments not being met, happens on the middle laps of this stamina race.

Property investment is like Le Mans 24 hour circuit, not a quarter mile drag. You won’t get rich by pulling a good gear change. Alternatively, if you are on a circuit and gaining half a second per lap on your competition, and the car is setup to withstand the long journey, with your team prepared with necessary spare parts and enough fuel, then the game is set from the beginning and you will cruise to take your checkered flag in confidence.

This post has been edited by lowyat888: Jan 22 2010, 04:32 PM
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tinkerbel
post Jan 22 2010, 04:32 PM


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@tpleong,
Ah.. I don't live in concrete jungle *grins* and that's what I like about this place smile.gif

@lowyat888,
Ah well... you're right - not many people will want to shift into condo due to maintenance fees but there are people out there who don't mind the maintenance fees for security purposes.

From your postings, I can say you're more the traditional kind who prefers landed to condo; and that is absolutely not wrong. As I've said, if I haven't got any other property right now, I would rather spend the 1.5m on a landed property.
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lowyat888
post Jan 22 2010, 04:46 PM


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with 1.5m $$ prefer bungalow or landed property. the buyer is already a millionaire.

talking about hard earn $$ well spent or worth it or not (cost benefit). even have a lot of $$ does not mean spent unnecessarily.

maintenance wise is not worth the $$ payfor. ayear at least few thousand $$. and how often the people really utilise the facilities (join club outside , fitness first etc better). always change their management later on . the security is for formality only.

with the yearly maintenance fee, the $$ can buy alot of security equipment like cctv for yr home, security device etc. which is even better then the condo security

living in a condo have no privacy, alot of people going in and out / hidden people watching from upstairs or different block. want to wash car also cannot (very inconvenience). car park far away from the lift and have to walk a distant especially carrying stuff etc

people/relative visiting also have difficulties getting a car pack and have to walk a distant in order to get into the condo

This post has been edited by lowyat888: Jan 22 2010, 05:08 PM
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sonycamera
post Jan 22 2010, 05:08 PM


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Hi, it is interesting to note that 5 Stones has become a pretty popular thread.

I think different people look at a property with different objective ie buy to stay, buy to flip......I agree that SS2 is not for tenants market like MK or Bangsar, so there is no rental yield. Buy to flip, then one got to take the market risks in 3 years times, very much a market judgemental call.

I am looking at 5 Stones for own stay. I particularly like SS2, I suppose this is a very personal preference. One can give many good points about SS2, similarly another guy can tell you all the negative things.

The other reason I am attracted to 5 Stones is I am looking for a brand new property which practically none in SS2 other than condo. The other strong point for condo is security which I believe should be better than gated nad guarded landed property.

I like the concept and SDB brand (hope I am not wrong).

The only resistance that I got to overcome is the pricing. Frankly, to me this is more a personal issue of affordability rather whether the unit is overpriced.

As we say, most of the 5 Stones purchasers are buying for own stay. I am sure they have done their evaluation and numbers and all of them can't be wrong. I suppose the key thing is they can affort the price and they see the value in 5 Stones.
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tinkerbel
post Jan 22 2010, 05:23 PM


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@lowyat888,
All I can say in response to you is to each his own.

@sonycamera,
I currently live in a gated community and am pretty satisfied with the security measures here; I used to think it was a nuisance cause it was really troublesome but I've learnt to adapt. As to whether condo security is tighter than that of a gated and guarded community, I really don't know; it all boils down to management.

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lowyat888
post Jan 22 2010, 05:23 PM


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the excess road out there will be very congested due to overwhelming condo their when it is fully occupy and a school there as well.
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tinkerbel
post Jan 22 2010, 05:25 PM


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@lowyat888,
Yes, there'll be congestion but didn't U read there's a new flyover which is going to be built; that should help ease traffic along the mainroad; plus ss2/72 will be converted into a 4-lane road.
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lowyat888
post Jan 22 2010, 05:26 PM


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might have miss out or over look.

more congestion if the 4 lanes flyover is in construction. road will be close. for how long the construction takes?

This post has been edited by lowyat888: Jan 22 2010, 05:29 PM
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tinkerbel
post Jan 22 2010, 05:36 PM


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@lowyat888,
I've absolutely no idea when construction's going to start. Like I said, to each his own!

And if U want me to agree with you to say that Five Stones is a bad investment, I won't - only because I really don't think so!
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sonycamera
post Jan 22 2010, 08:25 PM


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My little inputs if they make sense to you all guys:

1. If you like SS2 and can get used to condo living, I believe 5 Stones is a good project to look it for own stay. Within SS2 vicinity, I think there is no comparable product. If one can afford the price and maintenance cost, go for it.

2. To buy and lease out, you will not likely enjoy good yield.

3. To buy and flip on completion, it is very much a judgemental call on property market in 3 years' time and also the risks profile of the investors. one just can't rule out the possibility that the investors might make 20-30% upside when ready.

My 2 cents..............






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wschan
post Jan 22 2010, 08:45 PM


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im renting a room at jasmine tower, juz near the site. my room is at 20th n facing the site n ameena. i wonder y the ppl will go to buy these condo at more than 1m when the jasmine tower now is selling at 250k...
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klang-valley
post Jan 22 2010, 10:10 PM


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QUOTE(wschan @ Jan 22 2010, 08:45 PM)
im renting a room at jasmine tower, juz near the site. my room is at 20th n facing the site n ameena. i wonder y the ppl will go to buy these condo at more than 1m when the jasmine tower now is selling at 250k...
*
Ameera and Five stones are targeting at the exclusive segment of the buyer, not for the average. The same goes for BMW, Merz etc, why buy so expensive when can get a Kancil.

No offence here, different product for different market segment to suit different requirement.

This post has been edited by klang-valley: Jan 22 2010, 10:10 PM
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post Jan 22 2010, 11:07 PM


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QUOTE(klang-valley @ Jan 22 2010, 10:10 PM)
Ameera and Five stones are targeting at the exclusive segment of the buyer, not for the average. The same goes for BMW, Merz etc, why buy so expensive when can get a Kancil.

No offence here, different product for different market segment to suit different requirement.
*
but jasmine isn't a kancil. at their heydays, it was comparable to the landed pricing in ss2. it just goes to show that landed have much capital appreciation over the long run.
ameera and 5 stones are good, no doubt about it. but the value lies in the owner. if i can afford it and i truly wanted something new in ss2 (which there won't be anymore), then why not. it's a good neighbourhood.

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tinkerbel
post Jan 23 2010, 12:33 AM


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@kochin,
Jasmine Tower used to be *the* condo in the vicinity but I never liked it due to the squatter homes; plus you definitely cannot put Jasmine Tower & Five Stones in the same basket for comparison; even Ameera; it'll pale in comparison to both of them.

@wschan,
As mentioned, it's catered to a different segment of the market.
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sonycamera
post Jan 23 2010, 09:53 AM


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If I could contribute somethings......

The valuation of a condo depends a lot of factors, of course location is important but it is not the sole factor.

some key factors (not in particular order depends on purchasers' priority) include:

1. Development concept (lifestyle living) which I think SDB has done quite well for 5 Stones
2. Developer's reputation, brand and track record. I believe SDB has his followers, particulaly product quality and after sale supports
3. Property management, I was told SDB has competent team in this area, I suppose thru their experience from Park Seven, Maya hotel........ Hope the same standard will continue after residents take over
4. Profile of owners - if most of the units in 5 Stones are family and self occupied, chance are the condo will be better maintained. I am sure if purchasers have paid over rm1 mil, surely they would like to maintain and protect their investment.

I am sure there are other more factors beside Location. I did hear before that even among condo within MK, there are discrepancy in valuation. More likely than not I observe the valuation is to certain extent a function of the reputation and track record of the developer....

Hope it makes sense.


Added on January 24, 2010, 6:22 pmAny forumer dropped by for the launch this weekend?

Appreciate some sale response on the remaining Block E.

Cheers!



This post has been edited by sonycamera: Jan 24 2010, 06:22 PM
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tpleong
post Jan 25 2010, 09:08 AM


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QUOTE(lowyat888 @ Jan 22 2010, 03:54 PM)
buyer keep jacking up the price also good for the area and boost up the price there

i think the condo there is more expensive than those double storey house there

living in condo actually is more expensive than house bcos of the monthly maintenance+ sinking fee and extra insurance. alot of hidden cost behind. for rental ok not for staying. very high maintenance cost per year

for rental is totally out  for that area bcos double storey house is rental rm1500k only
double storey house ownly rent for RM1500 amonth for size of 24*75 house and alot of space for parking yr car compare to condo only 1 or 2 car park per condo.

how much can condo rent if really want to rent? can cover loan interest? not expatriate area. can the rental be match against klcc condo? but the price purchase almost the same as klcc condo if compare

alot only pay loan interest but not the principal. the only gainer will be the bank, the longer the better. in time to come to payup the loan ,the condo will be triple the among purchase

buying 3 condos must be very loaded. their salary must be almost 50k amonth. incometax will eyeing on them soon. REALLY HAVE TO BECAREFUL AT THE BLR REVISE. when it reach 6% then will feel the pain.

even 500k loan salary must at least above 10k

Big Mistake Property Investors Make
Some people can jump in the property game, buy an apartment, rent it out to the first viewer, and then says: “HEY! This stuff is easy, how come not everyone is doing it.

It is true. Property investment is quite an easy process to get into, and many starters even with the least amount of homework can land a decent piece of property and generate both rental return as well as a healthy book value increase over the following few years.

However, the differentiation between racking multi-million dollar fortunes in any market, and those who fall by the side in frustration at market conditions/falling yields/rising maintenance/panicking over bank payments not being met, happens on the middle laps of this stamina race.

Property investment is like Le Mans 24 hour circuit, not a quarter mile drag.  You won’t get rich by pulling a good gear change. Alternatively, if you are on a circuit and gaining half a second per lap on your competition, and the car is setup to withstand the long journey, with your team prepared with necessary spare parts and enough fuel, then the game is set from the beginning and you will cruise to take your checkered flag in confidence.
*
Every Products has it's own target market, same for property. To some, monthly maintenance is not an issue, Security is.

Lowyat888, I think you got the profile of the buyers here all wrong. Firstly, they don't buy to rent out, they buy to stay. Secondly, these group of people have the financial means to pay even by cash. I doubt many will loan substantially. Fluctuation of BLR won't affect them much. I am also very sure they are not that stupid to buy millions of ringgit properties if they can't substantiate their income. If I were to buy, I will make sure I can at least pay 50% cash.

Yes, property investment is not everybody games but it's for the rich. That is why the rich get richer!!!!


Added on January 25, 2010, 9:21 am
QUOTE(sonycamera @ Jan 23 2010, 09:53 AM)
If I could contribute somethings......

The valuation of a condo depends a lot of factors, of course location is important but it is not the sole factor.

some key factors (not in particular order depends on purchasers' priority) include:

1. Development concept (lifestyle living) which I think SDB has done quite well for 5 Stones
2. Developer's reputation, brand and track record. I believe SDB has his followers, particulaly product quality and after sale supports
3. Property management, I was told SDB has competent team in this area, I suppose thru their experience from Park Seven, Maya hotel........ Hope the same standard will continue after residents take over
4. Profile of owners - if most of the units in 5 Stones are family and self occupied, chance are the condo will be better maintained. I am sure if purchasers have paid over rm1 mil, surely they would like to maintain and protect their investment.

I am sure there are other more factors beside Location. I did hear before that even among condo within MK, there are discrepancy in valuation. More likely than not I observe the valuation is to certain extent a function of the reputation and track record of the developer....

Hope it makes sense.


Added on January 24, 2010, 6:22 pmAny  forumer dropped by for the launch this weekend?

Appreciate some sale response on the remaining Block E.

Cheers!
*
My friend,

Look like you have fallen in love with 5 stones thumbup.gif I don't know about u but for myself, sometimes many of my decisions are driven by emotion. If I like it, I will just buy it. The value lies in one self. Don't think too much.
Grab one while there are still some nice units.

icon_rolleyes.gif

This post has been edited by tpleong: Jan 25 2010, 09:25 AM
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lowyat888
post Jan 25 2010, 09:59 AM


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security i dont think sure, with the kind of maintenance $$ can buy alot of security equipment eg cctv etc even better than those security guard. iniatially very hard work but as years goes by become worst n worst.

eg
1 month maintenance+sinking fee Rm800 (maintenance fee subject to increase as years goes by)
1 year is already rm9.6k
10 years already rm96k
let say 30 years upon completion of loan 96 * 3 = 288k

there will be a glut in condo in time to come whereby there to many already and already congested in the area.

staying i think is just bulls, just look at ameera just completed already alot of people selling and those buying five stones condo , it can buy 2 units of ameera condo just the neighboorhood with equilavent sizes.

what ever renovation and design it can make with kind of $$ pump in.

buyers is making a flip flop for the project to complete and flip flop normally it uses the advantage by paying min(no need to fork out so much $$) and wait until the project completed and sell to make some $$ with the few years low interest rate hoping property market boom up or miracle to come (waterfish). and jack up at least rm100k

condo is never is good investing for own staying for rental wise yes

nobody pay so much deposit , it rather use the $$ to roll or do business and borrow more. malaysia boleh.

Paying 50% 500k++ deposit (income tax definately will come looking for the buyers. interest will definately kills the buyer and work like a dog and slut for it daily. unless easy come easy go $$ (money laundering yes).

marketing strategy by the developers, hold some units pretending to be a hot selloff.

This post has been edited by lowyat888: Jan 25 2010, 10:11 AM
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tpleong
post Jan 25 2010, 10:33 AM


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I agreed with you that condo is not a good investment for own stay BUT as stated, its for own stay , so investment is never in the picture. Generally, for capital appreciattion, we go for landed. For rental, it's condos. Yes, there is a glut but again, it depends on location. I was offered a 7k rental for the condo I am staying by an expat but I turned it down for it is my home. I also have a landed G & G property that I can always move to, which is vacant, untenanted! Why? I emphasize on security.....money is not always everything. We can't always judge things with $$$$$........just my 2 cents

One more thing, you will be surprised to find that a lot of people have a lot of hard cash $$$$ that u can never imagined! .... smile.gif

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lowyat888
post Jan 25 2010, 11:48 AM


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until now with interest/hidden renovation etc addin also not much earn/ appreciate if really calculate compare market price. might even breakeven or loss.

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tinkerbel
post Jan 25 2010, 11:49 AM


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@tpleong,
Well said. Btw if you're planning on taking a 50% loan, U get an additional 3% discount - am not sure if that's applicable to the Bumi's but that's what I'd been told.

@lowyat888,
Perhaps it's time to expand your horizons a little.

This post has been edited by tinkerbel: Jan 25 2010, 11:50 AM
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accetera
post Jan 25 2010, 10:52 PM


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I actually see lotsa potential for Five Stones in the coming years.... in fact most homes around PJ will do well too.
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constant
post Jan 26 2010, 07:58 AM


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QUOTE(lowyat888 @ Jan 25 2010, 11:48 AM)
eg
3 years ago ameera were selling at rm450k  1400++ sq ft
4 years ago mutiara damansara surian at RM388k 1400++ sq ft
3 years ago izen II mont kiara at rm450k  1400++ sq ft rental around rm6k -7k
4 years ago ken3 at rm245k 1200++ sq ft rental around rm1.5k -2k
5 years ago ken2 at rm250k 1400++ sq ft rental around rm1.5k -2k
5 years ago marc klcc rm500k++ 900++ sq ft rental around rm6k -7k
5 yrs ago damansara perdana penthouse duplex RM388k 1400++ sq ft
5 yrs stonor condo studio klcc rm400k 660 sq ft rental around rm2.5k
10yrs bandar utama 2 1/2storey at RM388k rental rm1.5k renovate almost 300k + furniture and fittings. current market selling 650k++ (interest not calculate yet)

pj8 studio rental around rm3k 660 sq ft

until now with interest/hidden renovation etc addin also not much earn/ appreciate if really calculate compare market price. might even breakeven or loss.
*
Hi lowyat888,

From your examples, ken2 was at rm250k 5 years ago. I think now should be more than rm450k. Isn't that quite a good appreciation? Ameera was at rm450k 3 years ago. It should fetch rm600k now. It is also profitable right?

Thx
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tpleong
post Jan 26 2010, 08:50 AM


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Yes, that's only the capital appeciation element, have not taken into account the rental element.........
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post Jan 26 2010, 10:18 AM


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QUOTE(constant @ Jan 26 2010, 07:58 AM)
Hi lowyat888,

From your examples, ken2 was at rm250k 5 years ago. I think now should be more than rm450k. Isn't that quite a good appreciation? Ameera was at rm450k 3 years ago. It should fetch rm600k now. It is also profitable right?

Thx
*
Ken 2 and Ameera was sold at PJ price levels even if we r looking at few years back , and we defo cant say the same for this 5 stones......
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sonycamera
post Jan 26 2010, 10:28 AM


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was told Villa (block D) was practically fully taken up except the last few units.

About 60% Block E sold.

Here it look like very much the perceived value of 5 Stones in the eys of the buyers than anything else......


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tinkerbel
post Jan 26 2010, 10:31 AM


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Hi peeps,

Am gonna b in the ss2 area later in the evening. Will check on sale progress & update all later.
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sonycamera
post Feb 4 2010, 08:51 AM


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Hi

A little quiet on Five Stones. Is it all the decent units are taken up already?

Anyone has new updates to share?



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tinkerbel
post Feb 8 2010, 11:40 PM


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Hi peeps,

Apologies.. been bz with the CNY rush and all - haven't had time to upload new information. As far as I know, most of the choiced lots have been taken. Will update availability chart (as at 26 Jan) as soon as possible smile.gif
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sonycamera
post Feb 9 2010, 08:52 AM


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Hi

A friend told me about 70-75% of Block E (2100/2400sf) already booked up.

There are not many decent units left.

Looks like SDB has done well again in this remaining block despite premium pricing.
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tinkerbel
post Feb 9 2010, 10:34 PM


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@sonycamera,
Sorry I haven't had the time to load up the picture *gulp* but the last time I was there, it was 50% taken up for Block E. As to Block D, only the penthouse and the unit with the service room remains.

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gomes.
post Feb 10 2010, 05:32 AM


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wouldnt it be bad if you are living in the houses in ss2 near 5 stones? you get a condominum towering over you? sad.gif
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wyshin88
post Feb 10 2010, 12:58 PM


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Do you think the developer cares about what others think? All they care about is their profit. So many highrise in PJ now but the road is still narrow and it only get more congested. Where is the planning? Where is the park?

QUOTE(gomes. @ Feb 10 2010, 05:32 AM)
wouldnt it be bad if you are living in the houses in ss2 near 5 stones? you get a condominum towering over you? sad.gif
*
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qsil
post Feb 11 2010, 02:05 AM


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somehow a sense of dellusion has developed to the mass public property goers in Malaysia, I am not entirely sure with other areas, but Klang Valley certainly has many suckers for sure.

Has anybody every pondered on the thoughts, well there are plenty who regard 400k+ 500k+ property as a dream, and of course on the end other end of the line we have ppl who can throw out near a million or even few million for properties as if those are small change, well in way, this define inflation, 10 yrs back things were well on kept, nowadays properties are rocketing 100k + - per annum, how would the next generation be able to catch up ? This in fact contributes the the build up of our current property bubble scene.
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tinkerbel
post Feb 12 2010, 12:40 AM


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@qsil,
I totally agree with U but times are such; and I doubt property prices will ever dip to what it was 10-20 years ago.

When I paid RM700k+ for a link house 2.5 years ago I thought it was crazy! I never imagined ever paying for a condo at RM1.5m!
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sonycamera
post Feb 19 2010, 11:33 AM


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Hi, was passing by SS2 this morning and planned to drop by 5 Stones to check out how the sales like for the final phase.

When approachig the site, noticed the place was very busy, apparently, there was a lion dance performance.

Could not get a parking place nearby, decided to skip the visit.

Just wonder if anyone has a chance to drop in and give us some updates..........
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Tohsan
post Feb 19 2010, 12:22 PM


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QUOTE(qsil @ Feb 11 2010, 02:05 AM)
somehow a sense of dellusion has developed to the mass public property goers in Malaysia, I am not entirely sure with other areas, but Klang Valley certainly has many suckers for sure.

Has anybody every pondered on the thoughts, well there are plenty who regard 400k+ 500k+ property as a dream, and of course on the end other end of the line we have ppl who can throw out near a million or even few million for properties as if those are small change, well in way, this define inflation, 10 yrs back things were well on kept, nowadays properties are rocketing 100k + - per annum, how would the next generation be able to catch up ? This in fact contributes the the build up of our current property bubble scene.
*
Same thing happen worldwide especially Taiwan and Japan, I don't think most young generation will be able to own any landed property unless they inherit them from their parents or they are from super rich family.

This post has been edited by Tohsan: Feb 19 2010, 12:22 PM
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post Feb 19 2010, 02:21 PM


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QUOTE(Tohsan @ Feb 19 2010, 12:22 PM)
Same thing happen worldwide especially Taiwan and Japan, I don't think most young generation will be able to own any landed property unless they inherit them from their parents or they are from super rich family.
*
i truly agree with this statement!!!!

Btw, this morning, there was "open house" at the show room of Five Stones, with lion dances and so forth.....isn't it sold out yet>?
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sonycamera
post Feb 21 2010, 09:23 AM


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QUOTE(leongal @ Feb 19 2010, 02:21 PM)
i truly agree with this statement!!!!

Btw, this morning, there was "open house" at the show room of Five Stones, with lion dances and so forth.....isn't it sold out yet>?
*
A friend who went for the lion dance on Fri, told me the rough sale status

- Block D - sold out except penthouses

- Block E - ~70% sold




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tinkerbel
post Feb 21 2010, 10:56 AM


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Hi peeps,

Apologies for not getting back on the sale status. I was there for the "open house" but failed to take pictures of the latest sale chart; Block D (which is the villa block) is the same; where most of the units are taken. As to Block E, well, it's about ~60% sold as mentioned by sonycamera.

I guess most of the good units have been taken *shrugs*
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sonycamera
post Feb 21 2010, 01:13 PM


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QUOTE(tinkerbel @ Feb 21 2010, 10:56 AM)
Hi peeps,

Apologies for not getting back on the sale status.  I was there for the "open house" but failed to take pictures of the latest sale chart; Block D (which is the villa block) is the same; where most of the units are taken.  As to Block E, well, it's about ~60% sold as mentioned by sonycamera.

I guess most of the good units have been taken *shrugs*
*
@tinkerbel, yes, I heard most of the good units have been booked up too.

My friend has an eye on one of the available units at mid level Block E. He said it looks at KLCC direction and looks ok to him. He would check with banks re mortage rates before commiting.

I suppose like earlier phases, once the take-up rate hits 70%, the balance will be gone in a couple of months, especially since this is the final phase.

It will be good if there are some Ameera buyers who have taken vacant possession to give comments re building quality and after sale service of SDB........
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tinkerbel
post Feb 21 2010, 02:56 PM


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@sonycamera,
I haven't had a chance to personally look at the building quality of Ameera but initial pictures of a friends' unit (for defect rectification purposes) seems quite ok.

If your friend has found a unit he likes and he is ok with the price, he should just book that unit; that way should someone be interested in the same unit, ur friend has first right of refusal.
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sonycamera
post Feb 21 2010, 06:15 PM


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QUOTE(tinkerbel @ Feb 21 2010, 02:56 PM)
@sonycamera,
I haven't had a chance to personally look at the building quality of Ameera but initial pictures of a friends' unit (for defect rectification purposes) seems quite ok.

If your friend has found a unit he likes and he is ok with the price, he should just book that unit; that way should someone be interested in the same unit, ur friend has first right of refusal.
*
@tinkerbel, tks for the advice.

He told me today he would be going to project site tomo again to have a personal feel how the surroundings like on an actual working and school day. He is buying for own use as the kids will likely abroad in 3-4 yrs time.

Btw, he also heard Ameera quality is generally satisfactory, so he thinks five stones should be even better since SDB has priced it such that it is higher end product.
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tinkerbel
post Feb 21 2010, 06:29 PM


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@sonycamera,
I'm act pretty happy with the show-unit quality so if it's going to be that it's good enough for me. I hope he likes it; who knows; we (your friend & I) may end up being neighbours *smiles*
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sonycamera
post Mar 2 2010, 02:32 PM


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Passed by 5 Stones site after early lunch with a friend but no time to drop in. This friend booked an unit in Ph 2 even before the launch in Jan.

Saw there was some road work along ss2/72, we think it is part of the road widening in anticipation of the opening of SS2 Malll later this year. Looks like there will be keen competition between SS2 Mall and the nearby Tropicana City. This will be good for SS2 residents other than traffic congestion

My friend said the Ph 2 buyers will be signing SPA this month.......


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tinkerbel
post Mar 2 2010, 05:43 PM


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@sonycamera,
Yes, SPA signing has started; on scattered basis. So which unit did ur friend get? Y don't U drop in and have a look since you're keen?
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sonycamera
post Mar 2 2010, 06:14 PM


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QUOTE(tinkerbel @ Mar 2 2010, 05:43 PM)
@sonycamera,
Yes, SPA signing has started; on scattered basis.  So which unit did ur friend get?  Y don't U drop in and have a look since you're keen?
*
Not sure unit no, but I remember it is high level n can view klcc. You bought blk D?

Frankly, I personally believe 5 Stones will stand out in SS2, it is only the issue of affordabilty.

Btw, any idea as to whether SS2 Mall will hv decent tenants. I believe the degree of popularity of the mall will impact future valuation of 5 Stones,
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tinkerbel
post Mar 2 2010, 08:23 PM


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@sonycamera,
I've no idea who the tenants are at ss2 mall but it would be good if there's a good supermarket there. As to the rest of the stuff, just the neighbourhood stuff for convenience. For hard core shoppers, there's always 1U smile.gif
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wodenus
post Mar 4 2010, 12:11 AM


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QUOTE(tinkerbel @ Feb 21 2010, 06:29 PM)
@sonycamera,
I'm act pretty happy with the show-unit quality so if it's going to be that it's good enough for me.  I hope he likes it; who knows; we (your friend & I) may end up being neighbours *smiles*
*
So did you get a unit? smile.gif

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tinkerbel
post Mar 4 2010, 12:21 AM


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@wodenus,
Only if you're getting one *smiles*
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sonycamera
post Mar 4 2010, 09:56 AM


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QUOTE(tinkerbel @ Mar 2 2010, 08:23 PM)
@sonycamera,
I've no idea who the tenants are at ss2 mall but it would be good if there's a good supermarket there.  As to the rest of the stuff, just the neighbourhood stuff for convenience.  For hard core shoppers, there's always 1U smile.gif
*
Agreed. I suppose it is also important that the shopping mall is well managed. I heard the ss2 mall is owned by a foreign fund or somehing and a professional manager will be engaged.

I was told the floor areas of most of the well run shopping malls are not sold so the owner / mall operator can control the tenants mix and visitors will find it condusive to walk around....... Something like subang parade will be nice.

my 2 cents.
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tinkerbel
post Mar 4 2010, 04:53 PM


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@sonycamera,
I really don't know but SDB has their commercial block just across the river; behind Five Stones so let's hope there'll be more convenience; ss2 mall is pretty convenient since it's walking distance. Doubt I'll wanna walk out to TCM in the blistering heat! tongue.gif
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urb7
post Mar 4 2010, 05:20 PM


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I'm excited to see what stores will open up in the new SStwo mall. From the looks of it, the mall is shaping up nicely, so I hope they control the tenants proper!


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sonycamera
post Mar 4 2010, 06:01 PM


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If I am not wrong, SDB's land across the river is earmarked for 10-15 storey office block, pretty highend like their HQ @ Jln Ampang. I presume they will own it so that they can choose and control tenants like the one in KL.

Perhaps someone who is more familiar with the development can enlighten us......
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urb7
post Mar 4 2010, 06:03 PM


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QUOTE(sonycamera @ Mar 4 2010, 06:01 PM)
If I am not wrong, SDB's land across the river is earmarked for 10-15 storey office block, pretty highend like their HQ @ Jln Ampang. I presume they will own it so that they can choose and control tenants like the one in KL.

Perhaps someone who is more familiar with the development can enlighten us......
*
Yes, from the sales talk, it will be owned by SDB and it's not gonna be sold to individual. They will control the tenant profile, and if they do, I believe the area's profile will be lifted further.

This post has been edited by urb7: Mar 4 2010, 06:06 PM
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tinkerbel
post Mar 4 2010, 08:46 PM


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@sonycamera,
Ditto! As with all SDB development's the commercial area is to be rented and not sold. Am sure there's gonna be some shop lots as well as offices; if I shift into Five Stones, i wouldn't mind my office being there tongue.gif
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sonycamera
post Mar 5 2010, 08:38 AM


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There is an advertisement insert by SS2 Mall in the business section of the Star paper today.


Added on April 21, 2010, 4:38 pmJust spoke to a friend who visited the sales office lately.

He said based on the sales chart dispayed, the highrise Block E only left with something less than 10 units including penthouses. Block D sold out.

Apparently, the show units will be demolished soon to make way for the construction.

Looks like SDB had done it again like the earlier phase. Perhaps is the branding factor.

It will be very interesting to see how the units will fair in the secondary market on completion.

Also interesting to see the profile of the tenants going into SS Two Mall. If the shopping mall is doing well, surely it will have impact on the valuattion of surrounding area.


Added on April 21, 2010, 4:53 pmJust spoke to a friend who visited the sales office lately.

He said based on the sales chart dispayed, the highrise Block E only left with something less than 10 units including penthouses. Block D sold out.

Apparently, the show units will be demolished soon to make way for the construction.

Looks like SDB had done it again like the earlier phase. Perhaps is the branding factor.

It will be very interesting to see how the units will fair in the secondary market on completion.

Also interesting to see the profile of the tenants going into SS Two Mall. If the shopping mall is doing well, surely it will have impact on the valuattion of surrounding area.

This post has been edited by sonycamera: Apr 21 2010, 04:53 PM
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armereth
post Apr 22 2010, 02:59 PM


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Hi All,

Does anyone know who main tenant in SS2 MALL? Initially was told that it is Jusco but not anymore. GIANT? (God... hope not)

Cheers


Added on April 22, 2010, 3:06 pmAnd also, just wanted to share. Here are the expected view from Block A (facing west). Its unblock allllllllll the way!!!!!

From 16th Floor, Block A

user posted image




From 25th Floor, Block A

user posted image


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sonycamera
post Apr 22 2010, 05:17 PM


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Personally, i feel a hypermarket might not be really necessary since Carrefour is just around the corner and Giant is also not too far away from SS2.

I would prefer a shopping mall something like Subang Parade, Bangsar Shopping Centre, with nice restaurants.....
When come to serious shopping, I believe ppl will still travel to Mid Valley, 1U, SP......

I heard SS two Mall is owned by institutional investors from Spore, perhaps they might bring in some Sporean shopping concept.


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armereth
post Apr 23 2010, 09:45 AM


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QUOTE(sonycamera @ Apr 22 2010, 05:17 PM)
Personally, i feel a hypermarket might not be really necessary since Carrefour is just around the corner and Giant is also not too far away from SS2.

I would prefer a shopping mall something like Subang Parade, Bangsar Shopping Centre, with nice restaurants.....
When come to serious shopping, I believe ppl will still travel to Mid Valley, 1U, SP......

I heard SS two Mall is owned by institutional investors from Spore, perhaps they might bring in some Sporean shopping concept.
*
Thats exactly what i think. I will rather have something small which majority of the tenant being cafe, bookstore, CD/DVD and some convenient store rather than a hypermarket. But then a CINEMA chain would be nice too!!! So when i heard Jusco is coming in, I think its quite nice until about some weeks back when someone mentioned about Jusco deal is off and Giant (Nooooo!!!!!) is coming.

Just got to wait and see. Rumour has it that the launching of SS2Mall is now been pushed back to 3rd Quater already.

Cheers
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urb7
post May 5 2010, 09:31 PM


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Progress as of 5th May 2010

user posted image

user posted image

user posted image

user posted image

Block A & Block C are a bit too close IMO! Definitely doesn't look like the scale model!

This post has been edited by urb7: May 5 2010, 09:32 PM
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sonycamera
post May 6 2010, 03:44 PM


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Nice pictures.....

Any new updates on SS Two mall?

Personally, I feel that the eventual turnout of SS Two mall is important and will have impact on both Ameera / Five Stones in terms of valuation. The tenants selaction and maintenance of the mall is crucial.

Recently, followed a friend to a shopping mall in USJ to look at some computer stuff, can't remember the name. It is quite brand new but unfortunately hardly any human traffic though there is a hypermarket in there.


Added on June 7, 2010, 11:19 pmHeard Westside Tower, Desapark city launching over the weekend was so hot that people got to queue over night!!!

Somemore units are priced at ~rm600psf! but was told smaller units.

If 5Stones launched now, sure follow new benchmark and more expensive. Not sure, all these new launching prices will push Ameera and later 5Stones secondary mkt prices higher?

Location aside, are Desapark City and SDB in the same league when come to product quality???

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ernie
post Jun 14 2010, 11:39 AM


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sonycamera
post Jun 14 2010, 10:15 PM


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Had the show units been demolished to make way for construction works?

If my memory is right, the lady boss said in a recent interview that 5Stones had achieved 97% sales!
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ernie
post Jun 14 2010, 10:18 PM


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tinkerbel
post Jun 15 2010, 09:53 AM


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@sonycamera,
Just got some information on "The Westside One, DCP". IMHO it's overpriced lah but well since people are queuing and lining up for it I guess people are just rich rich rich!

Also, looking at the plans, the units are either East/West facing *i dun like* Apparently there was also a 2% loyalty discount for repeat purchase customers of DPC + 3% early bird discount for those who made their purchase last week - the offer no longer stands as of yesterday (I couldn't go last week so I sent dad yesterday!)

Also have some information on their upcoming link houses launch. I think it's gonna be called Casaman:

22x85 (BU: 3900 sq ft) : RM2.1m
24x95 (BU: 5400 sq ft) : RM2.9m
24x85 (BU: 4300 sq ft) : RM2.5m

Looking at the built up, am pretty sure it's gonna be 3 storeys and 5400 sq ft built up is very huge; bigger than most modest bungalows! *gulps*

Ah well...!

@ernie,
Lol. I need to register for a FB account first only then can help U out smile.gif
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sonycamera
post Jun 15 2010, 01:45 PM


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@ernie,

Check out flamed2.com/urban, there are also discussions and information updates on Sdb's projects ie 5Stones, Ameera......


@tinkerbel

These days, looks like most property launches with Klang valley are well received, more so by established developers. Everyone seems to be in the buying mood....

Possible reasons:

1. Costruction costs going up??
2. Good location landbank are getting scarce??
3. Counter inflation strategy??

Also noticed most developers these days target highend market. New properties priced at rm1.5 - 3/4 mil are so common...


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tinkerbel
post Jun 15 2010, 01:52 PM


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@sonycamera,
I'm seriously wondering when this bubble's gonna burst! Ah well.. IMHO this new launch by DPC is really gonna be super high density - with 360 households in a block - compare that with Five Stones tongue.gif

PS: I'm biased tongue.gif

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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....
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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

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tinkerbel
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
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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!!
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ernie
post Jun 15 2010, 04:34 PM


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urb7
post Jun 15 2010, 04:39 PM


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


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tinkerbel
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

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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!
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tinkerbel
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
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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!

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tinkerbel
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?
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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!


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tinkerbel
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!
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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?
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tinkerbel
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 !


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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
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tinkerbel
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
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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?
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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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Phoeni_142
post Jun 15 2010, 10:28 PM


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QUOTE(tinkerbel @ Jun 15 2010, 04:21 PM)
@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
*
u r right - bubbles r forming....but IMHO - only selectively.

if u take ss2 as an example - only selective developments like this 5 stones, or 8 pebbles, or 12 marbles or whatever it's called is going tru the roof.

And euphoric investors, or speculators if u like, or pushing the price to 600 psf and beyond.

but there are opportunities that r overlooked. That's what I love about 95% of the crowd chasing all these "hot developments"

My suggestion: look deeper around the ss2 area - plenty of boring places in great locations that is still deeply undervalued.

cheers.
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constant
post Jun 15 2010, 10:31 PM


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QUOTE(Phoeni_142 @ Jun 15 2010, 10:28 PM)
u r right - bubbles r forming....but IMHO - only selectively.

if u take ss2 as an example - only selective developments like this 5 stones, or 8 pebbles, or 12 marbles or whatever it's called is going tru the roof. 

And euphoric investors, or speculators if u like, or pushing the price to 600 psf and beyond.

but there are opportunities that r overlooked.  That's what I love about 95% of the crowd chasing all these "hot developments"

My suggestion: look deeper around the ss2 area - plenty of boring places in great locations that is still deeply undervalued.

cheers.
*
Mind to share where is it? condo or landed? Most proprties in KL/PJ syrocket in past 6 months alone..

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Phoeni_142
post Jun 15 2010, 10:39 PM


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QUOTE(constant @ Jun 15 2010, 10:31 PM)
Mind to share where is it? condo or landed? Most proprties in KL/PJ syrocket in past 6 months alone..
*
For me, I need a balance of both condo's and landed prop's in my portfolio. There r various optimal reasons for this, but story for dif day.

At this jucture, I am only looking for landed prop's in key areas in PJ like d'sara.

Sure, my friend - I will give u one example.

Take a DSLH in ss 2/93 - 24 x 80 - let me know the psf - and compare it to this 5 pebbles or marbles. U will find that bargains still exist at < 300 psft for a landed property

Yes, some of these DSLH are old. It's so disgusting sometimes..... No facilities like a beautiful condo.

And that is the sentiment I am counting on.

When the 95% of d crowd finally realise that landed prime properties in PJ is getting scarce n undervalued, then prices of good old fashioned boring will go up.

Just my 2 cents.
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constant
post Jun 15 2010, 10:46 PM


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I do not know about SS2 but Damansara Jaya/DU/D KIM/bandar utama all have appreciated tremendously over past 6 months. I am assuming that ss2 landed have also appreciated. Don't tell me they are still at 6 months ago prices?
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Phoeni_142
post Jun 15 2010, 11:00 PM


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Of course all those areas have appreciated!

But We are talking about it in terms of relativity to areas like your 5 pebbles! To be speficic, we are talking about it being undervalued COMPARED to areas like 5 pebbles. Not necessarily on appreciation rates

I invest in DJ. Since u study that area, show me one basic DSLH that comes close to 400 psft. You'd be hard pressed to even find one at 350 psft.

Hmnnm, i shouldn't be saying too much huh? ok - peace dude.


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urb7
post Jun 15 2010, 11:00 PM


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QUOTE(Phoeni_142 @ Jun 15 2010, 10:39 PM)
For me, I need a balance of both condo's and landed prop's in my portfolio.  There r various optimal reasons for this, but story for dif day.

At this jucture, I am only looking for landed prop's in key areas in PJ like d'sara.

Sure, my friend - I will give u one example.

Take a DSLH in ss 2/93 - 24 x 80 - let me know the psf - and compare it to this 5 pebbles or marbles. U will find that bargains still exist at < 300 psft for a landed property

Yes, some of these DSLH are old.  It's so disgusting sometimes..... No facilities like a beautiful condo.

And that is the sentiment I am counting on.

When the 95% of d crowd finally realise that landed prime properties in PJ is getting scarce n undervalued, then prices of good old fashioned boring will go up.

Just my 2 cents.
*
Security is the keyword here. Sure you can find bargains deep inside SS2, as a matter of fact you could even buy 10 DSL houses compare to 1 unit at Five Stones. But because there isn't any development offering the same features as Five Stones within SS2, this to me that presents an opportunity, for investors or home owners a like.

This post has been edited by urb7: Jun 15 2010, 11:01 PM
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Phoeni_142
post Jun 15 2010, 11:09 PM


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Sure - Security is a key issue.

That's also the most fantastic sentiment that I'm counting on from the masses! Yahoo! smile.gif

LAND is the key issue here. It's a natural evolution. People will tend to upgrade or evolve from smaller units / condo's to landed properties.

Don't nit pick - I am not saying that people will migrate from 5 pebbles to a DSLH. But as a general principle of evolution

In the long run - that's why SUSTAINABLE capital appreciation will always be there for a DSLH or landed props in PRIME AREAS

Oh - and speaking of security - TTDI is a superbly affluent area no? Guess what? It has more break-in's per month compared to ss2. Stats can be verified via the TTDIROA. I guess TTDI prices will fall very soon, huh?

I miss this forum. been a long time since I was here. The debate is kinda fun. tongue.gif

This post has been edited by Phoeni_142: Jun 15 2010, 11:12 PM
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urb7
post Jun 15 2010, 11:27 PM


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Which sentiment are you counting on? Security or land? blink.gif Because break-ins in SS2 are less than TTDI, so SS2 DSLs are better bet in the future?

Yes, it's true people tend to upgrade after staying in condo due to size, but Five Stones only offers units that are large enough to be your normal DSL's size, but with proper security and environment.

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Phoeni_142
post Jun 15 2010, 11:38 PM


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kekekeke, cute comeback.

Security is important - but an overplayed sentiment. Many people hike up prices to 600 psft due to the fact that security is a prominent trait, no? You yourself said that it's such a "unique opportunity".

I am relating this sentiment to affluent places like TTDI - where security leaves much to be desired sometimes. Do u see prices falling?

Overtime, affluent landed areas will show sustainable capital appreciation. You made a decently good point. To be fair, 5 stones has its own unique niche market, and I take note of the gargantuan size

However, I am talking about the MAJORITY of upgraders / affluent segments that are looking at upgrading to larger areas. To me, (just talking about ss2 now) - the landed areas present a more undervalued and interesting value proposition.

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)
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urb7
post Jun 15 2010, 11:50 PM


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Why are you equating TTDI DSLs with ss2 DSLs when these 2 are two different products altogether? Prices goign up in TTDI doesn't mean SS2 ones will appreciate as much. And if these majority upgraders or affluent segments looking to upgrade to larger areas, will they still go for the old SS2?

I can tell you that security is NOT an overplayed sentiment. As a matter of fact, I know of a one fellow buyer whose parents are from SS2 and they want his parents to move in with them when Five Stones completes because he wants to give the comfort of security.

Also look around SS2, any real gated and guarded community? Nowadays people who are able to afford it would prefer to go for a G+G community.


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tinkerbel
post Jun 16 2010, 10:17 AM


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@sonycamera,
Ain't too impressed with the show unit at Surian Damansara; also it may be the last available condo at MD but there's gonna be a whole bunch when See Hoy Chan start launching theirs; beginning with Bukit Utama 9.
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Pai
post Jun 16 2010, 10:18 AM


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Have to say SDB is one smart dev.......................... tongue.gif
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tinkerbel
post Jun 16 2010, 10:21 AM


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@Phoeni_142,
Whilst I agree with you the bubbles are only affecting "selected" developments, but the areas surrounding it will be affected too - it might not increase to that of RM600 psq but overall it would have increased the actual value of the asset.

@urb7,
I'm definitely with you on ur last statement. Given an option, I prefer a proper G+G (something in the likes of Sierramas)!

@Pai,
Ah well.. timing was also right - then again, wouldn't Sam Ling (Desa Park City) be smarter?

This post has been edited by tinkerbel: Jun 16 2010, 10:22 AM
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sonycamera
post Jun 16 2010, 10:48 AM


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QUOTE(Pai @ Jun 16 2010, 10:18 AM)
Have to say SDB is one smart dev.......................... tongue.gif
*
Personally, I feel if Sdb were to launch 5Stones now or at least the phase 2 component, they could be even more aggressive in term of pricing. Whatever one says, Sdb does command some premium due to its branding and proven track record on condo project.

If one likes SS2 area, I think 5Stones is a good choice even at rm500-600psf. But, since almost sold out, got to wait for subsale.

I have the feeling there are more own stay buyer in 5Stones than Ameera. In term of supply demand theory, the subsale prices for 5Stones would not be cheap.....
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tinkerbel
post Jun 16 2010, 10:50 AM


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@sonycamera,
Ah well... like I said it's really timing; in a way, I'm pretty glad I vested into Five Stones but well now got to start saving $ to pay the monthly installments when that starts *siGh*
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Pai
post Jun 16 2010, 11:35 AM


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QUOTE(tinkerbel @ Jun 16 2010, 10:21 AM)
@Pai,
Ah well.. timing was also right - then again, wouldn't Sam Ling (Desa Park City) be smarter?
*
Timing is one, but Sam Ling isnt selling a commodity, unlike SDB..........diff ball game all together...... DPC as a whole is the only place that offers what it offers today....... hence the premium. Plus at the end of the day, while they make a decent profit of DPC............ fact is its their MD's son pet project and his passion n personal interest will ensure that DPC will succeed in the medium to long term......while SDB is just another developer that put profits before anything else on a small piece of land...........

The best thing about SDB's 5-Stoned play was selling emotions ...... and ppl buy their story at a premium...... but thanks to inflation and limited supply somehow think that prices will hold upon completion altho with limited appreciation that will be in tandem with market sentiments........



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tinkerbel
post Jun 16 2010, 11:39 AM


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@Pai,
It's not just the emotions and story, it's also the concept of the place, in a developed area (ss2).
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Pai
post Jun 16 2010, 11:40 AM


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QUOTE(sonycamera @ Jun 16 2010, 10:48 AM)
Personally, I feel if Sdb were to launch 5Stones now or at least the phase 2 component, they could be even more aggressive in term of pricing. Whatever one says, Sdb does command some premium due to its branding and proven track record on condo project.

If one likes SS2 area, I think 5Stones is a good choice even at rm500-600psf. But, since almost sold out, got to wait for subsale.

I have the feeling there are more own stay buyer in 5Stones than Ameera. In term of supply demand theory, the subsale prices for 5Stones would not be cheap.....
*
if one die2 :

1. Stay in SS2 instead of MK, TTDI, DP and Bangsar
2. Highrise instead of proper G&G with facilities
3. Dont mind about lower appreciation or rental yields as it is for own stay

Then yes u r right, it is a good buy.
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constant
post Jun 16 2010, 11:41 AM


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Those who got in early at 450/sf, which at that time was VERY EXPENSIVE, suddenly seem like they got a good deal cos every other project is selling like 600psf onwards. Westside DPC is fetching 700psf for higher floors. Tropican grande at 600sf almost sold out except those super large ones costing 2-3m rclxub.gif

congrats to early buyers

p/s i am not vested

This post has been edited by constant: Jun 16 2010, 11:42 AM
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tinkerbel
post Jun 16 2010, 11:45 AM


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@constant,
Ah well... expensive is relative; looking at the take up rates of the other developments.

The only problem I have with Tropicana Grande (other than $ issue) is that it faces West. That's also the issue I have with WestSide One.
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Pai
post Jun 16 2010, 02:34 PM


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QUOTE(tinkerbel @ Jun 16 2010, 11:39 AM)
@Pai,
It's not just the emotions and story, it's also the concept of the place, in a developed area (ss2).
*
Babe, can enlighthen us what is so diff about this dev VS other upmarket condo's in developed areas like MK, Bangsar etc?
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Phoeni_142
post Jun 16 2010, 10:16 PM


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QUOTE(urb7 @ Jun 15 2010, 11:50 PM)
Why are you equating TTDI DSLs with ss2 DSLs when these 2 are two different products altogether? Prices goign up in TTDI doesn't mean SS2 ones will appreciate as much. And if these majority upgraders or affluent segments looking to upgrade to larger areas, will they still go for the old SS2?

I can tell you that security is NOT an overplayed sentiment. As a matter of fact, I know of a one fellow buyer whose parents are from SS2 and they want his parents to move in with them when Five Stones completes because he wants to give the comfort of security.

Also look around SS2, any real gated and guarded community? Nowadays people who are able to afford it would prefer to go for a G+G community.
*
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
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constant
post Jun 16 2010, 10:42 PM


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QUOTE(Phoeni_142 @ Jun 16 2010, 10:16 PM)
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?
*
Hi Phoeni,

When investing in these landed, do you fix it up and flip or fix it up and rent it out?
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ernie
post Jun 17 2010, 06:54 PM


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This post has been edited by ernie: Mar 6 2012, 11:47 AM
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accetera
post Jun 19 2010, 12:23 AM


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how does this compare to Surian Residences?

wooo have received invitation for the balloting of Surian Residences on 3rd july !!!
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sonycamera
post Jun 19 2010, 03:16 AM


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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.
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tinkerbel
post Jun 22 2010, 01:14 PM


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@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.
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Pai
post Jun 22 2010, 02:00 PM


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QUOTE(tinkerbel @ Jun 22 2010, 01:14 PM)
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.
*
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 ............. wink.gif


btw SDB plans to complete all phases one go or on staggered basis?
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sonycamera
post Jun 22 2010, 04:15 PM


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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?
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Pai
post Jun 23 2010, 12:13 AM


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QUOTE(sonycamera @ Jun 22 2010, 04:15 PM)
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....... wink.gif

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

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cashrich
post Jun 23 2010, 02:42 AM


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QUOTE(Pai @ Jun 23 2010, 12:13 AM)
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.......  wink.gif

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.
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tinkerbel
post Jun 23 2010, 09:47 AM


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@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 sad.gif

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sonycamera
post Jun 23 2010, 11:07 AM


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@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?


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tinkerbel
post Jun 23 2010, 11:33 AM


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@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 smile.gif
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cashrich
post Jun 24 2010, 01:25 AM


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@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.
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wodenus
post Jun 24 2010, 01:29 AM


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QUOTE(tinkerbel @ Jun 23 2010, 11:33 AM)
I sure am hoping you're right - the only reason I purchased it in the first place.


So confirmed, you got one? smile.gif


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tinkerbel
post Jun 24 2010, 10:40 AM


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

@wodenus,
Shush... biggrin.gif
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Pai
post Jun 24 2010, 10:48 PM


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QUOTE(cashrich @ Jun 23 2010, 02:42 AM)
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.
*
You might disagree but you just reinforced my statement tongue.gif


Added on June 24, 2010, 10:52 pm
QUOTE(tinkerbel @ Jun 23 2010, 09:47 AM)

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

*
Good for them but not so good for the buyers? hmm.gif

This post has been edited by Pai: Jun 24 2010, 10:52 PM
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cashrich
post Jun 25 2010, 01:45 AM


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@ 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.
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Pai
post Jun 25 2010, 02:42 AM


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QUOTE(cashrich @ Jun 25 2010, 01:45 AM)
@ 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 rolleyes.gif

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.......... hmm.gif

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 ...... wink.gif

goood luck mate........... smile.gif
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tinkerbel
post Jun 25 2010, 11:41 AM


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@Pai,
IMHO I think it's better if it's completed all at one go so there's no construction going on esp for those who's planning to shift in asap. The only bad thing I can think of is supply vs demand in the rental and perhaps subsale market *g*

@cashrich,
Wanna share which units you purchased?
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sonycamera
post Jun 25 2010, 01:46 PM


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1. If there are many purchasers who opt for the construction period interest absorption scheme, the developer might speed up work to minimise financing costs.

2. Any idea on the timing of the commercial component of the project? Don't think it will be a very tall building as the office space market might not be able to absorb.

3. As a matter of curiosity, on completion of FiveStones, in term of percentage, how much more psf would FiveStones command if compared to Ameera? 25%? 30%? 40%? Was told the Ameera is now asking above RM450++psf, is that right?
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tinkerbel
post Jun 25 2010, 02:06 PM


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@sonycamera,
I didn't take up the interest absorption scheme so the sooner it's completed the better it is for me; makes no difference biggrin.gif

No idea on the commercial buildings behind Five Stones but it definitely won't be too tall a building lah, from the main plans.

Am not sure what Five Stones would command but am hoping it'll be nothing short of RM600 psf smile.gif
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Pai
post Jun 26 2010, 01:21 AM


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QUOTE(tinkerbel @ Jun 25 2010, 11:41 AM)
The only bad thing I can think of is supply vs demand in the rental and perhaps subsale market *g*
*
Not a nice situation trying to flip a 1mil property together with other few hundred owners..... smile.gif Personally if I bought this to flip I'd try to sell it off before 2013..... wink.gif

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sonycamera
post Jun 26 2010, 04:54 PM


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@tinkerbell

Realisable above @600psf, personally I think it is possible.

Perhaps, if the finished product is as good as the show house, you might hesitate to let go......

Btw, are Ameera units close to show unit quality??? Never have a chance to enter Ameera.

This post has been edited by sonycamera: Jun 26 2010, 04:55 PM
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tinkerbel
post Jun 28 2010, 02:42 PM


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@Pai,
Lol. Ah well.. it goes the same for other developments biggrin.gif

Speaking of which, did someone here say he was looking for a nice unit at Five Stones on sub-sales? I've a unit I'm looking to sell; it's the 2,909 psf unit looking into the pool area on the "lower" floors.

Anyone interested, please PM me `k?
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sonycamera
post Jun 28 2010, 02:59 PM


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wah, so fast want to lock it profit already..........

is 2909 sf units is the one that has an indoor pond / water feature?


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tinkerbel
post Jun 29 2010, 10:16 AM


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@sonycamera,
Yes that's the one; 2 units p/floor with uhm.. sort off a private lift entrance/foyer.

Ah well.. am just giving someone else the chance to make $; I know I'll probably make more $ if I could wait but need the $ for some other purchases and I either give up this or the link house tongue.gif
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tpleong
post Jun 30 2010, 10:14 AM


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QUOTE(tinkerbel @ Jun 29 2010, 10:16 AM)
@sonycamera,
Yes that's the one; 2 units p/floor with uhm.. sort off a private lift entrance/foyer.

Ah well.. am just giving someone else the chance to make $; I know I'll probably make more $ if I could wait but need the $ for some other purchases and I either give up this or the link house tongue.gif
*
Do they allow sub-sale at this early stage? ...I doubt the developer would grant consent unless the buyer agrees to do everything in escrow.

smile.gif
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tinkerbel
post Jun 30 2010, 10:48 AM


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@tpleong,
Yes it's allowed; I double checked that with SDB before I made the purchase; that's the only good thing about it *smiles*
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sonycamera
post Jun 30 2010, 02:33 PM


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Recently, I was told someone was keen to buy an upper level unit of the highrise block facing KL direction, not 2909 sf but something like 2400sf and was informed that subsale can be done prior completion.

@tinkerbel

I am not surprised if someone is willing to pay close to RM600psf in current market mood. It is a matter of timing, if 5Stones were to be launched now, I am also not surprised if Sdb were to price it close to RM600psf........

This post has been edited by sonycamera: Jun 30 2010, 02:48 PM
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tinkerbel
post Jun 30 2010, 04:24 PM


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@sonycamera,
I'm waiting for someone to offer me RM600 psf for mine - heck, I'll even go with RM599 psf biggrin.gif
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sonycamera
post Jun 30 2010, 04:58 PM


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@tinkerbel

Let the forthcoming Surian Residences and Isola launches set a new benchmark of about RM650 psf, then you will be closer to your expectation. I was told Ammera are already around RM450++psf now, is that right??

Personally, I quite like the 2900 sf layout (if it is the same as the show unit) but too big for my family and more importantly, the affordabilty factor. It is good for someone who is coming from a semi-d / bungalow house.

This post has been edited by sonycamera: Jun 30 2010, 05:00 PM
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tinkerbel
post Jun 30 2010, 05:47 PM


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@sonycamera,
Yes it's the same one as the show unit biggrin.gif Eh.. nothing is ever too big ! Imagine Casaman (DPC)'s link houses were 5k+ sqf! smile.gif

So any buyers or not? biggrin.gif
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cashrich
post Jul 2 2010, 10:08 AM


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@ tinkerbel
You are letting go before completion? Bnak loan does not have lock in period or you bought CASH?
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sonycamera
post Jul 2 2010, 10:48 AM


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If subsale is done at ~RM600 psf, even got to incur bank penalty, still have a pretty decent profit.......
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tinkerbel
post Jul 2 2010, 06:14 PM


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@cashrich,
As long as I haven't signed on the dotted line, the contract ain't in effect tongue.gif So.. any buyers?! Dang.. I forgot to call the salesperson to let her know I'm serious about letting go of the unit!
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kbandito
post Jul 2 2010, 09:18 PM


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Having seen the asking prices for Ameera and Five Stones, I wonder how will the proposed developments at Section 13 respond to the market. That is better location in terms of visibility, and since the land are not cheap, I doubt dev will go for non-luxury condo.
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cashrich
post Jul 3 2010, 08:47 AM


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meaning you have not signed the loan agreement yet am i right?

currently they are disbursing the second 10% already/.


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sonycamera
post Jul 21 2010, 11:15 AM


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Juz drove thru ss2/72, the road looks nice with yellow lines painted at both sides.

SS2 mall looks near completed, waiting for CF? Tenants??

If I am not mistaken, I think there is a new set of traffic light erected at the junction near the school.

Not familiar with 5Stones layout, where is the main entrance?? Can cars from Paris restaurant turns into 5Stones if the entrance is close to the traffic junction?


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tinkerbel
post Jul 21 2010, 11:15 AM


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@sonycamera,
I've not been there for quite a while now; the entrance should be somewhere opposite the school biggrin.gif
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