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Investment Five Stones @ ss2/72

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TStinkerbel
post Jan 13 2010, 08:18 PM, updated 15y ago

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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
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?
TStinkerbel
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
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
TStinkerbel
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.
Putraskyline
post Jan 13 2010, 11:00 PM

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@Tinkerbel

Is it the average psqf price for SS2?
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
TStinkerbel
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.
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.


TStinkerbel
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.
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


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?
TStinkerbel
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.
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....



TStinkerbel
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
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.
TStinkerbel
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.
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
TStinkerbel
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
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
TStinkerbel
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
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
TStinkerbel
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
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
TStinkerbel
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.
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

This post has been edited by urb7: Jan 15 2010, 07:10 PM
TStinkerbel
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
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!
TStinkerbel
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.
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
TStinkerbel
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
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.
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
TStinkerbel
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*
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
TStinkerbel
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
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
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
TStinkerbel
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
Pai
post Jan 19 2010, 10:35 AM

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This 5 Stones will be ready in 2012 or 2013?
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.




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
TStinkerbel
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
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

This post has been edited by tpleong: Jan 19 2010, 03:58 PM
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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!




TStinkerbel
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
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.


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 !
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.
TStinkerbel
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?!
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?
TStinkerbel
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.
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.


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????.........



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
TStinkerbel
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*
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.
TStinkerbel
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.
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.....
TStinkerbel
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
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
TStinkerbel
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.
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



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?



This post has been edited by sonycamera: Jan 22 2010, 09:40 AM
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
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.............................



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
TStinkerbel
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.




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

This post has been edited by tpleong: Jan 22 2010, 03:30 PM
TStinkerbel
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

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
TStinkerbel
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*
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
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
TStinkerbel
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.
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
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.
TStinkerbel
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.

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.
TStinkerbel
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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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
TStinkerbel
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!
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..............






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...
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
kochin
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.

TStinkerbel
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.
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
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
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
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

This post has been edited by tpleong: Jan 25 2010, 03:42 PM
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.

This post has been edited by lowyat888: Mar 5 2010, 11:55 AM
TStinkerbel
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
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.
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
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......
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......


TStinkerbel
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.
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?



TStinkerbel
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
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.
TStinkerbel
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.

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
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
*
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.
TStinkerbel
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!
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..........
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
leongal
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>?
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




TStinkerbel
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*
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........
TStinkerbel
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.
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.
TStinkerbel
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*
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.......


TStinkerbel
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?
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,
TStinkerbel
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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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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post Mar 4 2010, 12:21 AM

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@wodenus,
Only if you're getting one *smiles*
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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.
TStinkerbel
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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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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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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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
TStinkerbel
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
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
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


This post has been edited by armereth: Apr 22 2010, 03:06 PM
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.


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
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
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???

This post has been edited by sonycamera: Jun 7 2010, 11:19 PM
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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post Jun 14 2010, 10:18 PM

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This post has been edited by ernie: Mar 6 2012, 11:54 AM
TStinkerbel
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
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...


TStinkerbel
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

sonycamera
post Jun 15 2010, 04:06 PM

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

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

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

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

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

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

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

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

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

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

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

Btw, how's SStwo mall coming along? Did they put up the signages of the tenants yet?? The last time I visited the area, they had the signboard set up outside! It's looking good I'd say!!
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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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post Jun 15 2010, 04:53 PM

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

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

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

urb7
post Jun 15 2010, 05:27 PM

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

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

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I don't mind Bangsar price! tongue.gif


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

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

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

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

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

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

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


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post Jun 15 2010, 05:38 PM

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

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

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

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


urb7
post Jun 15 2010, 05:51 PM

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

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

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

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

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

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

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

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


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

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

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.
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?
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.


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
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
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.

This post has been edited by urb7: Jun 15 2010, 11:27 PM
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)
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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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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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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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
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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@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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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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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).
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.
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
TStinkerbel
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.
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?
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
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?
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
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 !!!
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.
TStinkerbel
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.
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?
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?
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......

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.
TStinkerbel
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

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?


TStinkerbel
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
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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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


TStinkerbel
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
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
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.
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
TStinkerbel
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?
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?
TStinkerbel
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
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

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
TStinkerbel
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?
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?


TStinkerbel
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
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
TStinkerbel
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*
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
TStinkerbel
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
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
TStinkerbel
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
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?
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.......
TStinkerbel
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!
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.
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/.


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?


TStinkerbel
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
sonycamera
post Jul 22 2010, 10:34 AM

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@tinkerbel

Sold your unit? Was told a standard intermediate linkhouse near the school is asking RM600-650k, true or not?

By the way, when is the opening of SS2 mall, quite eager to see how it stands if compared with Tropicana City........

This post has been edited by sonycamera: Jul 22 2010, 10:36 AM
TStinkerbel
post Jul 22 2010, 11:29 AM

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@sonycamera,
Not yet.. and I haven't really quite contacted my sales person to tell her I've intentions of selling. Have no idea what the going price is for those link houses but IMHO, RM600-650k is a bit high for that area; then again, it's just me! tongue.gif
SUSkevin23
post Jul 22 2010, 12:26 PM

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Wow ,crazy prices for SS2.RM 900k for a condo in SS2?

Maybe its just me but I would rather buy in MK .At least theres the prestigious address.

5 Stones is nice,but cant understand how they can price it so close to MK.Besides,SS2 is such an old area.It is surrounded by those really old houses.When you go to SS2,its just like going to any other part of Malaysia,whereas when you are in MK,you feel like you are in SG.

ANyway,thats just my opinion

Cheers to everyone who bought LIMA BATU!
Wan2Sell
post Jul 22 2010, 03:38 PM

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Kevin, imho, i'm very sure you aren't very well versed with properties and locations around PJ. You seem to know of Mon't Kiara only. Suggest you research more for better knowledge as it'll help you in times to come thumbup.gif

Food for thought, do you know where the hot zones in PJ are?

This post has been edited by Wan2Sell: Jul 22 2010, 03:55 PM
sonycamera
post Jul 22 2010, 03:55 PM

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From my observation, these days, prices for new condo launches in Pj, Subang jaya., etc are getting closer to MK. Looks at Surian, Desa Park City, Isola (to be launched soon), it is ~rm600psf. Interestingly, the take up rate is high.

For whatever personal reasons, I know they are many ppl who prefer Pj to MK, especially buying for own stay.
Wan2Sell
post Jul 22 2010, 04:04 PM

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QUOTE(sonycamera @ Jul 22 2010, 03:55 PM)
From my observation, these days, prices for new condo launches in Pj, Subang jaya., etc are getting closer to MK. Looks at Surian, Desa Park City, Isola (to be launched soon), it is ~rm600psf. Interestingly, the take up rate is high.

For whatever personal reasons, I know they are many ppl who prefer Pj to MK, especially buying for own stay.
*
@sonycamera

You are right, despite steep prices the take up rate is still high. Main purchasers are young execs., families, or member of the family i.e. mostly those who has lived and grew up within the area for the longest time. Like myself, I bought into both Ameera and 5 Stones simply because it's a stone throw away from my parents, in addition to it being in a matured and familiar neighborhood with great location. This applies to many who have and are buying into PJ area(s).

As for my other propeties in MK, it's merely for investment. At least for me. I don't fancy living among expats. Don't feel very Malaysia there rclxms.gif

This post has been edited by Wan2Sell: Jul 22 2010, 04:08 PM
SUSkevin23
post Jul 22 2010, 04:24 PM

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QUOTE(Wan2Sell @ Jul 22 2010, 03:38 PM)
Kevin, imho, i'm very sure you aren't very well versed with properties and locations around PJ. You seem to know of Mon't Kiara only. Suggest you research more for better knowledge as it'll help you in times to come  thumbup.gif

Food for thought, do you know where the hot zones in PJ are?
*
I mean like Kota Damansara is better off than SS2 .I dont mind paying RM 900k for a condo in Kota Damansara,but not SS2 cause like I said earlier the area has been around for ages.

And besides SS2,I saw a few condo around the Tropicana City area there.I think there would be a better location and easier to rent out.

IMHO,if you are buying 5 Stones,its definately for own stay.No one in the right mind would pay RM 3k-RM4k rental for condo in SS2.


Added on July 22, 2010, 4:32 pm
QUOTE(sonycamera @ Jul 22 2010, 03:55 PM)
From my observation, these days, prices for new condo launches in Pj, Subang jaya., etc are getting closer to MK. Looks at Surian, Desa Park City, Isola (to be launched soon), it is ~rm600psf. Interestingly, the take up rate is high.

For whatever personal reasons, I know they are many ppl who prefer Pj to MK, especially buying for own stay.
*
Yea there is alot of rich young Msians.They decide what they want to buy.What I mean is that if you have RM 1M,will you buy a condo in Subang Jaya,PJ,Cheras,Kepong,Selayang or would you buy one in Hartamas,MK,KLCC area?

I cannot answer that for you,depends on what you want and whether for investment of own stay.Some ppl dont mind paying alot in a less prestigious address,but some ppl just want a nice address.

So i think it all boils down to what you want to do with the property right? Dont ya think so? icon_rolleyes.gif

This post has been edited by kevin23: Jul 22 2010, 04:32 PM
Wan2Sell
post Jul 22 2010, 05:11 PM

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I would buy PJ intead of MK. MK is pure investment. Own stay, PJ the best i.e. SS2, DJ, SS17, SS16 & TMN SEA is way better than Kota Damansara in terms of accesibility and location. A mature neighbor hood is always better in my oppinion again rclxms.gif

In short, everyone has a choice, and its not for others to decide but YOURSELF end day icon_idea.gif
sonycamera
post Jul 23 2010, 09:19 AM

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5Stones is geared towards purchasers buying for own stay and ppl who like ss2 environment. Why these ppl prefer ss2 to MK, well, it is a very personal preference.

If I could recall correctly, the block with the bigger bu (50 units), I think ~ 2900sf were taken up within days as compared to small units ie. 2000-2400sf. I believe the 2900sf were sold at around Rm1.4mil.

Based on today's market sentiments, though I am not one of the above purchasers, I believe most of them have no regret and are happy buyers.

Anyway, this is my personal view, I am sure there are many different views out there....
TStinkerbel
post Jul 24 2010, 02:44 AM

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@sonycamera,
It's also true that land is no longer too available in the PJ area and people do tend to upgrade hence more luxurious developments in the final available plots biggrin.gif

Eh.. what 1.4m... 1.5m lah! tongue.gif

@kevin23,
I beg to differ. ss2 is a 'developed' area; the place is what it is right now and can only get better, not worse. Plus that's the last piece of land in the surrounding areas. I'm not saying KD is no good but well, KD is v v v big - in fact, the next big development's gonna be along the Guthrie Highway [am not sure if it's called the Guthrie Highway or whatever the name is] but I'm referring to the land by old Terminal 3 Subang spanning all the way into KD.

I'm also quite positive U aren't gonna believe people are actually paying RM20k to live in Sg Buloh, right?


sonycamera
post Jul 26 2010, 02:24 PM

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@ tinkerbel

yap, guess you are right, it is more of RM1.5 mil than 1.4 mil. Just realize upper level in the highrise block were sold at about RM1.2 mil during the launch and it was smaller bu, ~2400sf.

Anyway, majority of the buyers are for own stay, there would not likely to be a oversupply situation on completion in secondary market. I believe there are more investors (either to rent out or sell) in Ameera.

On that note, perhaps, you should keep it and decide on the stay or sell option on completion........
TStinkerbel
post Jul 26 2010, 05:03 PM

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@sonycamera,
Like I said, I haven't really done anything to sell the unit. The option of moving in is still viable, even with the sale of this unit biggrin.gif
tycoonman
post Jul 30 2010, 12:05 PM

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QUOTE(tinkerbel @ Jul 26 2010, 05:03 PM)
@sonycamera,
Like I said, I haven't really done anything to sell the unit. The option of moving in is still viable, even with the sale of this unit biggrin.gif
*
Hi I am new to this topic. Any idea what is the reslae price for the villa and the condo units per square feet?
sonycamera
post Jul 30 2010, 10:21 PM

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Not sure if there is any subsale done yet.

Judging from the recent launching prices of other condo projects such as surian, desapark city, I would imagine the existing owners are likely to be looking at closer to rm600 psf.......
yipwh
post Aug 2 2010, 02:20 AM

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whatever it is...at the end of the day...buying property is just location location location. MK is next to Damansara Height, Bangsar, Duta. Where all the rich is, thats why is expensive...further more the new palace being build there. As for SS2, is old leh...i use to study there...is just student area. As long the area is infested with student. It means... that area is for student rental area. Similar to like Subang, Taylor college area. It just won't go up..the price. Is just over price for 5 Stones. Furture more SS2 is famous for crime. As for the new shopping mall... well almost every corner now is just mall. Bukit Bintang is dead for sure...
tycoonman
post Aug 2 2010, 11:15 AM

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QUOTE(yipwh @ Aug 2 2010, 02:20 AM)
whatever it is...at the end of the day...buying property is just location location location. MK is next to Damansara Height, Bangsar, Duta. Where all the rich is, thats why is expensive...further more the new palace being build there. As for SS2, is old leh...i use to study there...is just student area. As long the area is infested with student. It means... that area is for student rental area. Similar to like Subang, Taylor college area. It just won't go up..the price. Is just over price for 5 Stones. Furture more SS2 is famous for crime. As for the new shopping mall... well almost every corner now is just mall. Bukit Bintang is dead for sure...
*
If going by your reasoning, the newly launched condo at DPC which is in Kepong is definitely way off at almost RM750 psf but still the units taken up was over 90% (from what I read). Location is a matter of personal prefernce which explains why there will always be takers for properties that are being launched all over Klang Valley (one man's meat is another man's poison). Also I think there are 2 schools of thoughts here. One is where they have already bought in and are waiting for the market to go up and profit from the price increase. The other is those that are still waiting and haven't bought in yet and still thinking that it is just a bubble and will soon burst and will keep saying the price is overpriced.
TStinkerbel
post Aug 2 2010, 01:46 PM

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@tycoonman,
Have no idea what the subsale prices are as I haven't really been on the lookout. I do however have a 2,909 unit available for sale. Am looking to let it go between 600-620 psf so if you're interested, drop me a PM.

@yipwh,
I don't really agree 100% with ur statement but hey I'm biased only because I bought into Five Stones tongue.gif

sonycamera
post Aug 2 2010, 03:02 PM

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Sdb's target market is more for self stay purposes and for ppl who are familair and like the ss2 environment. 5Stones is not the right product if one is treating it as rental income investment. The yield is just not there.

For someone who is buying for own stay, location can be a very personal preference. I know there are ppl who are complaining the jam in Subang / Usj area and want to move out and at the sametime, there are ppl who are still actively looking for a home in that area. One can argue the pro and cons about ss2 but end of the day, the purchasers' personal requirement and preference matter most as they are the ones who will be living there.....

Incidentally, when is the VP date for 5Stones? end 2012?






TStinkerbel
post Aug 2 2010, 03:57 PM

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@sonycamera,
Should be around there since SDB intends to handover the entire project at the same time. I purchased in Jan/Feb 2010 so given 3 years, it should be ready no later than March 2013 but since I bought into the last phase, I would assume the others to be ready at least 6-9 months earlier.
yipwh
post Aug 3 2010, 02:59 AM

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I do agree with Sony as SS2 is more design for resident not for investor that wanted to buy and sell once completion. If you look at it carefully, MK is a nice place to stay but if u look at nite. i would say only 15 - 20 percent are light up. It means majority are just buying and keep. There is no fundamental ground for MK. SS2 is old but is a good place to raise a family. But bare in mind... do look at other project that SDB has done. How is the maintenance and all that. At the end of the day..what keep a condo price is the mainteance of the developer over the property in the next few years.
tpleong
post Aug 3 2010, 09:18 AM

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New launches price have gone mad .....Surian at 600 psf , Icon residence at 1,100 psf but surprisingly, the take up rate is still high.
It is just a matter of time the secondary market price move up on par. Generally, there are still surplus supply.
sonycamera
post Aug 3 2010, 10:01 AM

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

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

@yipwh

I have not visited Sdb's past completed projects but was told by purchasers of 5Stones and Ameera that, one of the reasons they bought is because Sdb maintains the property well. Could someone share their personal experience on Sdb's after sale service and property management capability?
lowyat888
post Aug 3 2010, 11:12 AM

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is the property freehold or leasehold?
sonycamera
post Aug 3 2010, 11:21 AM

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I think it is freehold.

Also I believe it is sitting on residential title.....
cranx
post Aug 3 2010, 08:08 PM

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

design is quite nice.
Pai
post Aug 4 2010, 12:51 AM

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QUOTE(sonycamera @ Aug 3 2010, 10:01 AM)
it would appear that 5Stones does have quite a bit of upside, potentially RM100-150 psf.
*
boss, how much premium do you expect 5 Stones will command VS Ameera? hmm.gif

Today in a bullish market.................... Ameera still hovers around 400psf.............. and even then barely have any subsale txns?
tycoonman
post Aug 4 2010, 04:31 PM

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

But so far from the postings here it does seem that the subsale price of 5 Stones will not go below RM600 psf hence your asking price seems quite fair and about the current market price.
sonycamera
post Aug 6 2010, 03:58 PM

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@tycoonman

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

The only thing is being left over units, they might not meet your requirements even at developer's price.....
TStinkerbel
post Aug 6 2010, 05:17 PM

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

Sure lah fair price, I ni memang very fair one biggrin.gif

This post has been edited by tinkerbel: Aug 6 2010, 05:17 PM
Spare
post Aug 18 2010, 11:58 AM

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Hi. I am new to this forum.

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

Any interested seller?
tycoonman
post Aug 18 2010, 03:35 PM

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Is that true? No more unit available even the low lying ones from the Developer?
keanuscifi
post Aug 18 2010, 03:42 PM

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QUOTE(yipwh @ Aug 3 2010, 02:59 AM)
I do agree with Sony as SS2 is more design for resident not for investor that wanted to buy and sell once completion. If you look at it carefully, MK is a nice place to stay but if u look at nite. i would say only 15 - 20 percent are light up. It  means majority are just buying and keep. There is no fundamental ground for MK. SS2 is old but is a good place to raise a family. But bare in mind... do look at other project that SDB has done. How is the maintenance and all that. At the end of the day..what keep a condo price is the mainteance of the developer over the property in the next few years.
*
I'm looking for property in PJ or Subang area or close by. any good recomendations if I'm open to both landed and condo with budget less than rm700k? 10q. smile.gif
sonycamera
post Aug 19 2010, 11:22 AM

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

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

This post has been edited by sonycamera: Aug 19 2010, 11:24 AM
TStinkerbel
post Aug 19 2010, 02:43 PM

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

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

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


tycoonman
post Sep 9 2010, 11:49 AM

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Lately there has been a lot of news reports regarding the overheating of the property market and the Bank Negara intention to cap the financing for property at 80% LTV ratio. I forsee some impact to the Five Stones subsale price. Anyone care to share their thoughts on this?
urb7
post Sep 9 2010, 02:15 PM

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QUOTE(Pai @ Aug 4 2010, 12:51 AM)
boss, how much premium do you expect 5 Stones will command VS Ameera?  hmm.gif

Today in a bullish market.................... Ameera still hovers around 400psf.............. and even then barely have any subsale txns?
*
I know of a few transactions for Ameera that ranges from RM430psf to the highest RM458psf, so I'm not sure why you mentioned they are barely any sub sale transactions. A current offer to my unit type was at RM450psf.


Added on September 9, 2010, 2:20 pm
QUOTE(tycoonman @ Sep 9 2010, 11:49 AM)
Lately there has been a lot of news reports regarding the overheating of the property market and the Bank Negara intention to cap the financing for property at 80% LTV ratio. I forsee some impact to the Five Stones subsale price. Anyone care to share their thoughts on this?
*
If this were to be implemented, then not only Five Stones will be impacted, but the all the developments will too. However, looking at the price point of sale where Five Stones were sold at about RM450-RM500psf, this is still lower than developments that are launched in PJ, such as Westside One in DPC and Surian Residences at around RM600psf. If anything I could view this as an advantage for Five Stones purchasers who are able to sell at a lower price and make an exit if desired, and further boosted by the fact that Five Stones is a better product (IMO) than the aforementioned projects tongue.gif

This post has been edited by urb7: Sep 9 2010, 02:23 PM
ricoric
post Sep 9 2010, 04:45 PM

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

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

sonycamera
post Sep 10 2010, 12:15 PM

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

[/quote]


urb7

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



urb7
post Nov 17 2010, 05:54 PM

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TStinkerbel
post Nov 23 2010, 10:52 AM

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Hi peeps,

Just wanted to update all. I recently came across a keen buyer willing to part with RM580 psf for Five Stones. Thought you people might like to know biggrin.gif
tycoonman
post Nov 23 2010, 01:42 PM

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With the widening of Jalan Harapan leading to the new SS2 mall, will 5 stones be accessible from this same access road?
TStinkerbel
post Nov 23 2010, 02:09 PM

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@tycoonman,
Am not sure where Jln Harapan is but Five Stones is on the same road as the new ss2 mall so if the mall is gonna be accessible, I suppose Five Stones would be too?
Pai
post Nov 23 2010, 05:33 PM

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QUOTE(tinkerbel @ Nov 23 2010, 10:52 AM)
Hi peeps,

Just wanted to update all.  I recently came across a keen buyer willing to part with RM580 psf for Five Stones.  Thought you people might like to know biggrin.gif
*
such big kap lah dont come everyday...........better quickly makan n offload the risk to someone else tongue.gif
TStinkerbel
post Nov 23 2010, 08:07 PM

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@Pai,
RM580 psf didn't meet the target I want plus I don't need the cash right now so I think I'll just keep it for keepsakes for now tongue.gif
Pai
post Nov 26 2010, 11:57 AM

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QUOTE(tinkerbel @ Nov 23 2010, 08:07 PM)
@Pai,
RM580 psf didn't meet the target I want plus I don't need the cash right now so I think I'll just keep it for keepsakes for now tongue.gif
*
then if dont need the cash why thinking of selling it now lah? hmm.gif

Anyhow, beginning to think that there's a market for 5-stoned in upon VP after my recent experiences in other properties within the same vicinity............altho it remains to be seen on whether there will there be many buyers can afford to fork out the minimum 400k on down payment alone upon VP to own a highrise in SS2.................

btw, anyone know how much does the DSL's in SS2 now cost, psf wise?
yoki
post Nov 26 2010, 12:38 PM

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QUOTE(Pai @ Nov 26 2010, 11:57 AM)
then if dont need the cash why thinking of selling it now lah?  hmm.gif

there will there be many buyers can afford to fork out the minimum 400k on down payment alone upon VP to own a highrise in SS2.................

*
i also think not much pple will able to afford
too much condos already
tycoonman
post Dec 10 2010, 12:49 PM

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That may be so but I went to chec out the new project at Bukit Jalil called The Treez and they are also selling at around 580 psf and the Sales Rep that I spoke to informed that they only have 5% of the units left. And they do not give any freebies like kitchen cabinets, air-conds., appliances, etc at all! IMO at 580 psf, Five Stones is definitely more value for money compared to the Treez!
lowyat888
post Dec 10 2010, 04:04 PM

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alot of upcoming condo going to launch soon at pj ss2 (behind tropics), sec17 (jayaone EVOLUTION), ara damansara (EVE Suites)etc

This post has been edited by lowyat888: Dec 10 2010, 04:06 PM
TStinkerbel
post Dec 10 2010, 04:35 PM

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@Pai,
I'd wanted the cash a couple of months earlier to invest into something else but since that "opportunity" no longer exists now, I guess I can still wait and hold onto this property biggrin.gif

@tycoonman
I don't remember Five Stones giving airconds; oh maybe 1-2 units *shrugs*

armereth
post Feb 15 2011, 11:00 AM

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Hi Tink

Five Stones do give ne unit air cond if i am not mistaken. The one in the living room.

So it is now RM580psf eh? Hmmm purhcase price is Rm472psf. Thats 20% increase. Not bad.

Thanks


jet2020
post Feb 15 2011, 11:24 AM

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QUOTE(armereth @ Feb 15 2011, 11:00 AM)
So it is now RM580psf eh? Hmmm purhcase price is Rm472psf. Thats 20% increase. Not bad.
*
By comparing to the new phase 3 launch of Jaya One Revolution in Section 13 PJ, the price of the bigger unit 2400sf is around $600psf and sumore LH.

so i think the price for 5 batu shud > $600psf.
sonycamera
post Feb 15 2011, 04:24 PM

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I will not be surprised if the subsale will be in the region of rm600-650 psf on completion.

Checked with Sdb before cny to see any decent unit in block E (facing KL), was told all units gone. But there is one unit left in phase 1, lower level, didn't sound good unit, so didn't pursue.

I think those ppl who managed to secure decent units at developer price would not likely to go wrong with 5Stones.......

jet2020
post Feb 15 2011, 05:37 PM

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MRT station at Section 17 is about 1km away by walking via Damansara Intan.....another +ve point ! thumbup.gif

Glomac Damansara (new) will go for min $600psf........
TStinkerbel
post Apr 1 2011, 02:04 PM

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@sonycamera,
Act, I'm quite sure the prices of the unit will >RM600 psf upon completion. Am willing to sell the unit I have but not really actively seeking. RM580 offer was too low hence decided to keep it lah since I've decided not to buy the other property in Sg Buloh I was aiming for - hence don't need the cash for now tongue.gif

Oh btw.. I heard the commercial units behind Five Stones (another SDB project) may be available for sale - anyone with news on that?
currymonster
post Apr 26 2011, 10:47 AM

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Govt widening Jalan Harapan fr rothmans roundabout. Definitely they seem to be doing this to access LDP fr jln harapan.

FYI tinkerbel commercial offices back of 5stones not for sale. To be held by SDP. I enquired as think there's potential for dat biggrin.gif

We too bought a unit at the low rise blk becos no party walls, private lift lobby. No regrets.

After dat got inspired & tried to look everywhere in PJ for another new development with similar quality, access to food, shops etc. Cant find & even narrowed down to 1 Bkt utama secondary mkt (boohoohoo)

When u live in this area, cant move too far due to convenience of everything within reach; stores, medical, food, access.

But much to our regrets, on reassessing our space requirement - still must sell 5 stones...which is bummer as still must look for new development NOT in this area
TStinkerbel
post Apr 26 2011, 04:19 PM

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@currymonster,
When I purchased the Five Stone unit, I was told by SDB they aren't selling the commercial offices but a couple of months ago when I spoke with their salesperson, she tells me there's a possibility they'll be letting it out for sale. I haven't heard back from her but she'll keep me updated.

So ur selling ur unit because U need a bigger space? Sell the unit and buy another unit at Five Stones which has a bigger space perhaps?wink.gif
currymonster
post Apr 29 2011, 08:47 AM

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QUOTE(tinkerbel @ Apr 26 2011, 04:19 PM)
@currymonster,
When I purchased the Five Stone unit, I was told by SDB they aren't selling the commercial offices but a couple of months ago when I spoke with their salesperson, she tells me there's a possibility they'll be letting it out for sale.  I haven't heard back from her but she'll keep me updated.

So ur selling ur unit because U need a bigger space? Sell the unit and buy another unit at Five Stones which has a bigger space perhaps?wink.gif
*
we already bought the 2500 sft. Dont want any penthouse; just want 1 huge living space not stairs to climb again. Inevitably also seen too many problems associated with every penthouse - high quality developer inclusive.

We do love the private lift/no party walls concept for our blk...which is why scouting around for similar concept but BIGGER units in PJ. Cant find <Beats head on wall>...so if u know of any - LEMME KNOW!!! Preferably new launch then can go in early lah!

to be honest, we lived in singapore in a similar concept but was worried abt high density issue (ie loss of privacy) but found that was non-issue as believe it or not, once u park car, take lift & right at home. Never see a soul except weekends at poolside but even then, not crowded as pool was super clean & SUPER big.
TStinkerbel
post May 4 2011, 06:21 PM

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@currymonster,
Am not sure which block you're referring to but if I ain't mistaken Block D units are 2,909 sqf. Perhaps U can re look at that.

It's not gonna be easy getting big sized condo units here in KL; it's quite popular over in Penang but haven't seen much of those in KL.
armereth
post Jun 10 2011, 12:05 PM

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Hi Guys

Just to share. Here is the view from the equivalent of Block A type 4, 16th Floor balcony view

user posted image

And here is from 26th Floor,

user posted image

Amazing isnt it? Absolutely no blockade... all the way

Thanks
Arms
shyhhua
post Jun 10 2011, 12:27 PM

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QUOTE(armereth @ Jun 10 2011, 12:05 PM)
Hi Guys

Just to share. Here is the view from the equivalent of Block A type 4, 16th Floor balcony view

user posted image

And here is from 26th Floor,

user posted image

Amazing isnt it? Absolutely no blockade... all the way

Thanks
Arms
*
the latest view will have five stones in the picture. beside jasmine towers, blockage 1/4 view on your right. tongue.gif
sonycamera
post Jun 10 2011, 08:06 PM

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Are the pictures taken from the actual building under construction??

How u managed to do that? Anyway, well done.
urb7
post Jun 10 2011, 08:10 PM

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QUOTE(sonycamera @ Jun 10 2011, 08:06 PM)
Are the pictures taken from the actual building under construction??

How u managed to do that? Anyway, well done.
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These are taken from Ameera.

Here are some progress photos dated 4th April 2010.


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Added on June 10, 2011, 8:17 pm
QUOTE(shyhhua @ Jun 10 2011, 12:27 PM)
the latest view will have five stones in the picture. beside jasmine towers, blockage 1/4 view on your right. tongue.gif
*
Those in Five stones facing West will get this kind of view. It'll be much nicer at night wink.gif


This post has been edited by urb7: Jun 10 2011, 08:17 PM
sonycamera
post Jun 10 2011, 11:38 PM

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Just wonder units that are facing KL direction, can the higher units actually have twin tower view???



kelvyn
post Jun 21 2011, 02:42 PM

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it will be just a matter of time before another condo comes up and block your view smile.gif
thunderaj
post Jun 21 2011, 03:46 PM

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QUOTE(kelvyn @ Jun 21 2011, 02:42 PM)
it will be just a matter of time before another condo comes up and block your view  smile.gif
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Agreed 100 %.
hugo67
post Jun 30 2011, 06:19 PM

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view somehow is unblock but west... chinese 'sai che'...

it will be like oven when u back home after work...
armereth
post Feb 2 2012, 12:20 PM

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Hi

Surrounding no more land liao. At the most, those on Block E facing east will kena block by the commercial block AND those facing North kena block by Jasmine Tower (if they are on the lower floor).

The pic is of those facing West in Block A (type 4) which def won't kena block UNLESS they convert the SS2 primary school into condomunium which I doubt. If not, kalah terus next election. The master room also won't kena block by Ameera (as some might think) as the high block is at the back. It maybe "sai che" but it has unblock view. I can switch on Air-cond (which comes free) to handle the so call "Oven" but there is nothing I can do about kena block. So it is an easy decision.

The pic was not taken in Ameera, was told by the sales girl that it was taken by raised balloon. How true? I don't really know. Btw, Jasmine Tower is already in the pic lar.

Arms

This post has been edited by armereth: Feb 2 2012, 12:22 PM
sonycamera
post Apr 16 2012, 09:51 AM

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A ss2 friend told me over the weekend that Sdb would be converting the original office tower into residential units on the remaining land, might be called Soho or Sovo as the subject land was for commercial use. Launch date targeted end 2012.

Judging from Sdb's past premium pricing policy, I guess it will be another rm800-1000 psf product, since the one in uptown had set up a new benchmark.

Anyone got further news on this?



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post Apr 16 2012, 10:02 AM

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QUOTE(shyhhua @ Jun 10 2011, 12:27 PM)
the latest view will have five stones in the picture. beside jasmine towers, blockage 1/4 view on your right. tongue.gif
*
honestly, the view is nothing, just some old terrece houses and some not very tall building...still prefer KL skyline and Mont kiara skyline...much more modern cosmopolitan view...
ronn77
post May 17 2012, 11:30 AM

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Just some updates, there will be new upcoming project beside the 5 stones. Price indication is around $700/sqft. Anyone got more info about this project?
sonycamera
post May 17 2012, 11:40 AM

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QUOTE(ronn77 @ May 17 2012, 11:30 AM)
Just some updates, there will be new upcoming project beside the 5 stones. Price indication is around $700/sqft. Anyone got more info about this project?
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Is that the remaining land in ss2 owned by Sdb?

Once I heard it is a proposed office block but perhaps they might want to change to residential as this might be more marketable than commercial products. Rm700 psf don't sound expensive if compared to icon pj, uptown serviced apartment........

Bye the way, how is the progress of 5 Stones? should be vp by next year?


dlyw1103
post May 17 2012, 11:40 AM

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QUOTE(ronn77 @ May 17 2012, 11:30 AM)
Just some updates, there will be new upcoming project beside the 5 stones. Price indication is around $700/sqft. Anyone got more info about this project?
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another 700psf-ish project ... haven't we get enough?
ronn77
post May 17 2012, 11:47 AM

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QUOTE(sonycamera @ May 17 2012, 11:40 AM)
Is that the remaining land in ss2 owned by Sdb?

Once I heard it is a proposed office block but perhaps they might want to change to residential as this might be more marketable than commercial products. Rm700 psf don't sound expensive if compared to icon pj, uptown serviced apartment........

Bye the way, how is the progress of 5 Stones? should be vp by next year?
*
From what I heard, they going to build soho with 2 storey shoplots at below. Only soho is for sale while shoplots are mainly keep by the directors. I got to know this from my relative when discussing about Empire remix as ge ask me to keep my bullet for this one. Shall ask him more details later for sharing. Anyway imho, $700/sqft for SS2 areas is reasonable as neighbouring BU and DJ which is selling way higher than this.
sonycamera
post May 17 2012, 06:56 PM

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QUOTE(ronn77 @ May 17 2012, 11:47 AM)
From what I heard, they going to build soho with 2 storey shoplots at below. Only soho is for sale while shoplots are mainly keep by the directors. I got to know this from my relative when discussing about Empire remix as ge ask me to keep my bullet for this one. Shall ask him more details later for sharing. Anyway imho, $700/sqft for SS2 areas is reasonable as neighbouring BU and DJ which is selling way higher than this.
*
I noticed Sdb tends to price their products at slight premium like 5 Stones, close to rm500 psf at that time. Of course, if compared to recent launches in PJ, 5 Stones have become good buys.

Let's wait to see the secondary market pricing for 5Stones when it completes.

By the way, I did hear that Sdb offers good after sale / completion services and building quality is above average. Perhaps, someone who have purchased Ameera could share some experience......




This post has been edited by sonycamera: May 17 2012, 07:01 PM
urb7
post May 17 2012, 07:38 PM

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The new development is called The HUB, which will be last parcel of land for SDB. http://www.sdb.com.my/sdbproperty_The_Hub_@_SS2.aspx

Initially, they only wanted to build a 10-storey high building, and SDB had also issued eviction notice to the temples which are occupying their land. However, this was obviously met with protest and after discussion, SDB has agreed to now allocate some land within the same parcel for those 2 temples. However, it seems they have managed to change the plans and proposed a 44-storey high SOVO building, perhaps at a trade off since they are now allocating the land.

I'm an Ameera owner and I can safely say that the quality of fitting given by SDB is above average definitely. Obviously there are some minor defect, but nothing major IMO. The quality is not just within the unit itself but is also evident from the common areas. It definitely gives you the premium feel.

This post has been edited by urb7: May 17 2012, 07:41 PM
sonycamera
post May 21 2012, 09:50 AM

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if the units are small built-up. i mean below 1k sf, i think they are likely to be priced close to rm800-900 psf. Of course, the units are likely to be packaged with interest bearing during construction period, semi-furnished.......

i am new to soho / sovo, are assessment and utilities on commercial rate?

Youngun
post Jun 21 2012, 03:09 PM

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Can anyone tell me Five Stones Block E 20-03 facing which side of the project? Pool view or KL view?

Thanks!
lucasleewaicheong
post Aug 21 2012, 09:32 PM

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got few units at ameera and ken damansara 3 for sale. call 016-3400188 lucas. keen buyer only.
derek_lim1982
post Sep 3 2012, 04:32 PM

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maybe i've missed out reading the post... anyone has snapshot of their showroom unit?
urb7
post Sep 14 2012, 09:51 AM

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Check here: http://www.propertywtf.com.my/petaling-jay...-ss2-t1394.html
sonycamera
post Sep 14 2012, 11:57 AM

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Saw the highrise blocks while travelling on LDP, the grey (I guess) external coat is quite nice. Also, I think it might be easier to maintain if compared to lighter colour.

By the way, when will be the handover?

From iproperties, it seems subsale price range is ~RM650 psf....

This post has been edited by sonycamera: Sep 14 2012, 11:58 AM
A.B.D.
post Sep 15 2012, 01:08 AM

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grey will look more uniform over time not like jasmine white after many years some big patches of algae areas maybe due to shaded from sun??

but as it get's dark, 5 stones start to look black especially from a distance. maybe meant to look good with lights on at nite smile.gif
tongyk
post Sep 18 2012, 02:54 AM

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For those who likes to be track on the updates of Five Stones, you are welcome to follow the community page provided below:

https://www.facebook.com/pages/Five-Stones-...73195153?flyingspaghettimonster=hl

This page is about latest updates and transactions happened in Five Stones.

Thanks!
urb7
post Sep 25 2012, 09:59 AM

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Progress as of 24th September

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ronn77
post Sep 25 2012, 10:30 AM

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QUOTE(urb7 @ Sep 25 2012, 09:59 AM)
Progress as of 24th September

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Looks impressive in the heart of SS2.

1282009
post Sep 25 2012, 11:09 AM

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QUOTE(ronn77 @ Sep 25 2012, 10:30 AM)
Looks impressive in the heart of SS2.
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Yup, nice! thumbup.gif


sonycamera
post Sep 25 2012, 03:09 PM

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Vp October 2012?

It looks there is still quite a bit to go. Perhaps, the interior ie kitchen etc are already done up.
kochin
post Sep 25 2012, 04:08 PM

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very nice and classy.
think the colour makes a bit difference to it.
wonder which would VP first. covillea or this one? kekeke.
sdb versus berjaya.
37 Exposures
post Sep 25 2012, 04:25 PM

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QUOTE(sonycamera @ Sep 14 2012, 11:57 AM)
Saw the highrise blocks while travelling on LDP, the grey (I guess) external coat is quite nice. Also, I think it might be easier to maintain if compared to lighter colour.

By the way, when will be the handover?

From iproperties, it seems subsale price range is ~RM650 psf....
*
Based on the market in PJ area, I think the price can be more than 700psf, because 5stone is full furnished.
danielisme
post Sep 25 2012, 04:29 PM

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How much for the smaller unit now ? SDB going to launch soho in ss2

This post has been edited by danielisme: Sep 25 2012, 04:31 PM
philip_loo
post Sep 26 2012, 12:26 AM

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i have two units to let go.
1799sf Blk A
2300sf Blk E
Both selling 650psf

012-2244561 Philip Loo
1282009
post Sep 26 2012, 12:55 AM

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QUOTE(kochin @ Sep 25 2012, 04:08 PM)
very nice and classy.
think the colour makes a bit difference to it.
wonder which would VP first. covillea or this one? kekeke.
sdb versus berjaya.
*
Is the color combination of white + light gray makes it look classy? Not so clear on the photo but really like the outlook..


Bahkuteh
post Sep 26 2012, 10:02 PM

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Beautiful
tycoonman
post Sep 27 2012, 05:16 PM

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Thanks urb7 for posting those nice progress photos. I guess all the Purchasers that have bought in must be eager to get the keys soon. Any ideas how the new highway KIDEX will benefits this property?
urb7
post Sep 28 2012, 09:43 AM

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QUOTE(sonycamera @ Sep 25 2012, 03:09 PM)
Vp October 2012?

It looks there is still quite a bit to go. Perhaps, the interior ie kitchen etc are already done up.
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Early purchasers signed the S&Ps in Oct 2009, but I think definitely won't be able to make it based on the current progress.
sonycamera
post Sep 28 2012, 10:36 AM

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Heard Sdb places their branding quite importantly, so they might not rush to meet deadline at the expense of work quality.

Lad?

This post has been edited by sonycamera: Sep 28 2012, 10:38 AM
soraya.adam
post Sep 29 2012, 08:31 AM

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Hi all,

The hub at SS2 is it only commercial and office? Is there residential as well?

What are other next launching as is now other than The Hub?

Thanks
kvmrtresearch
post Oct 2 2012, 02:30 PM

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The Hub @ SS2 near Ameera, upcoming development by SDB
eymc
post Oct 2 2012, 03:05 PM

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maintenance berapa?

Happyman
post Oct 2 2012, 04:47 PM

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I was offered a 1799sf unit, low floor garden view for RM980k.

It is a nice place for own stay but not for investment/rental.
urb7
post Oct 2 2012, 05:05 PM

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QUOTE(Happyman @ Oct 2 2012, 04:47 PM)
I was offered a 1799sf unit, low floor garden view for RM980k.

It is a nice place for own stay but not for investment/rental.
*
That's a very good price, didn't think it would be selling below 1m on subsales. Did you seal the deal?
sonycamera
post Oct 2 2012, 06:05 PM

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QUOTE(Happyman @ Oct 2 2012, 04:47 PM)
I was offered a 1799sf unit, low floor garden view for RM980k.

It is a nice place for own stay but not for investment/rental.
*
I think it is very attractive price.

I prefer higher floor, KL view, but this is more of personal preference.

For own use, i think <rm600 psf is a good buy......

kh8668
post Oct 2 2012, 06:06 PM

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QUOTE(sonycamera @ Oct 2 2012, 06:05 PM)
I think it is very attractive price.

I prefer higher floor, KL view, but this is more of personal preference.

For own use, i think <rm600 psf is a good buy......
*
i thought this is the price for MK too
sonycamera
post Oct 2 2012, 06:42 PM

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QUOTE(kh8668 @ Oct 2 2012, 06:06 PM)
i thought this is the price for MK too
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Yes, I also think the same.

Somehow, when I look at condo in PJ and surrounding areas developed by say sdb, glomac, SHC etc, the prices are tailing very close if not more than MK prices.

Perhaps the profile of purchasers are different, PJ areas are mostly buying for own use while MK are more for property investors. I might be wrong.


tycoonman
post Oct 2 2012, 08:13 PM

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QUOTE(sonycamera @ Oct 2 2012, 06:42 PM)
Yes, I also think the same.

Somehow, when I look at condo in PJ and surrounding areas developed by say sdb, glomac, SHC etc, the prices are tailing very close if not more than MK prices.

Perhaps the profile of purchasers are different, PJ areas are mostly buying for own use while MK are more for property investors. I might be wrong.
*
How about the rental market for PJ then? Will there be potential tenants looking to rent here and who are they and how is the rental? Can the taikors here help to shed some light as I am researching the prospects of investing here?

blanka79
post Oct 2 2012, 10:50 PM

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I like the community at this area. I will sincerely consider to get 1 for own stay if subsales below 1m for 1799sf unit. Anyone?
dc28yk
post Oct 2 2012, 11:13 PM

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QUOTE(blanka79 @ Oct 2 2012, 10:50 PM)
I like the community at this area. I will sincerely consider to get 1 for own stay if subsales below 1m for 1799sf unit.  Anyone?
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Good Price. =)
Happyman
post Oct 2 2012, 11:49 PM

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No I didn't take that offer, bought kiaraville instead. Easier to get tenant in future, for own use also can.

Five stones only for own use, rental or investment sure die unless you bought from developer for under 800k for the 1799sf.

Agent said owner still make >200k if sell 980k, 980k is nett and non nego.

There are some >2000sf units going for 560-580psf.
sonycamera
post Oct 3 2012, 09:23 AM

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QUOTE(Happyman @ Oct 2 2012, 11:49 PM)
No I didn't take that offer, bought kiaraville instead.  Easier to get tenant in future, for own use also can. 

Five stones only for own use, rental or investment sure die unless you bought from developer for under 800k for the 1799sf.

Agent said owner still make >200k if sell 980k, 980k is nett and non nego.

There are some >2000sf units going for 560-580psf.
*
Yes, if just for rental yield, I think one has other choices elsewhere at that price.

For people who like SS2 area and for own stay, 5Stones seems to be a good choice. I believe that was the target market Sdb was aiming at when it launched the project, mostly pretty large units i.e. ~1.8k sf and more.

From some of the online listings, there is quite a wide range of pricing in term of psf. I think it is likely due to difference in unit sizes, high / low level, view direction....

I was told Sdb will be launching the balance landbank behind 5Stones later this year. Apparently, there is a highrise comprising smaller units. Not sure what they call it as it will be sited on a commercial land. It will be interesting to see how Sdb going to price the products, not surprise to be rm800 psf range since it will smaller units....


Added on October 6, 2012, 3:05 pmFrom another property forum, it seemed vp early Nov.

Perhaps, handover for phase 1 purchasers first..........

This post has been edited by sonycamera: Oct 6 2012, 03:05 PM
urb7
post Oct 16 2012, 10:57 AM

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Just an update from SDB on the VP date from the Facebook page.

"Thank you for your interest in the progress of the Five Stones project. The first unit was scheduled for delivery in late September 2012, but we expect there to be a short delay with the hand-over now expected to be in early December instead. The delay involves only a small number of units and where appropriate, the affected buyers will be compensated. To these buyers, we thank you for your patience. For most of the remaining units, the hand-over will be on schedule or in some cases early. At present, we are at the final stages of completion and are awaiting inspection by the relevant authorities."

and

"We deeply regret that your plans are affected due to this. A compensation package will be offered & we will be communicating to those who are affected in writing. As for the rest of the construction, rest assured that we will not compromise on our quality while expediting construction."
sonycamera
post Oct 16 2012, 11:21 AM

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Explore the possibility of investing an unit facing KL view (I think it is called blk E).

Wonder if someone has any clue if the new high-rise in SS2 hub (also by sdb) will block the KL view originally planned for...

Thank you.
urb7
post Oct 16 2012, 11:28 AM

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Just bear in mind the new proposed blocks are 42 storey high - my gut feeling is that it will probably just block the view from Ameera. Still haven't seen the plans, perhaps may be safer to wait till the Hub is launched. Will post info if I can grab hold of them
sonycamera
post Oct 16 2012, 11:33 AM

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urb7, thank you.

A couple weeks, passed by and saw some construction work beside Ameera, guess it might be putting up some mock-up show units for the launch......


Added on October 17, 2012, 11:59 amAn agent said the KL view units in Block E will not be blocked by new highrise in SS2 Hub, as those units were sold at premium price. Don't know true or not.

Anyway got to wait and see the SS2 Hub site layout to confirm.

This post has been edited by sonycamera: Oct 17 2012, 11:59 AM
armereth
post Oct 23 2012, 05:01 PM

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Hi

As of today, anyone receive any letter from SDB regarding VP?

Thanks

This post has been edited by armereth: Oct 23 2012, 05:01 PM
sonycamera
post Nov 6 2012, 10:29 AM

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A friend told me sdb posted an update @ FB, 1st batch vp in Dec.

By the way, how many batches are there?

The common property / facilities are shared by all units, right? Am I right to assume all common property / facilities must be completed before the handover of any unit?

This post has been edited by sonycamera: Nov 6 2012, 10:33 AM
lucifal
post Nov 6 2012, 10:38 AM

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WOW doing 560-580 psf?? I checked last year, most were asking for like 600-700psf for 5stones.

Ameera + 5stones is perfect for own stay, but not sure for rental. Even at 600psf for 1.8ksf = 1.08million
sonycamera
post Nov 6 2012, 10:46 AM

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The last checked with agents, they said decent units' asking price ~ rm630-650 psf.

Looking at a possibility of moving there from a landed property.

Yes, I think 5Stones are more for own stay rather than rental market.
A.B.D.
post Nov 9 2012, 09:11 PM

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QUOTE(sonycamera @ Nov 6 2012, 10:46 AM)
The last checked with agents, they said decent units' asking price ~ rm630-650 psf.

Looking at a possibility of moving there from a landed property.

Yes, I think 5Stones are more for own stay rather than rental market.
*
if you live in landed in an area where break ins have happened, you will enjoy peace of mind here, especially on higher floors.
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post Nov 13 2012, 05:52 PM

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QUOTE(Happyman @ Oct 2 2012, 11:49 PM)
No I didn't take that offer, bought kiaraville instead.  Easier to get tenant in future, for own use also can. 

Five stones only for own use, rental or investment sure die unless you bought from developer for under 800k for the 1799sf.

Agent said owner still make >200k if sell 980k, 980k is nett and non nego.

There are some >2000sf units going for 560-580psf.
*
Happyman, mind pm me or post the agent's contact, interested if the RM980k offer is still available.
37 Exposures
post Nov 14 2012, 11:15 AM

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QUOTE(Happyman @ Oct 2 2012, 11:49 PM)
No I didn't take that offer, bought kiaraville instead.  Easier to get tenant in future, for own use also can. 

Five stones only for own use, rental or investment sure die unless you bought from developer for under 800k for the 1799sf.

Agent said owner still make >200k if sell 980k, 980k is nett and non nego.

There are some >2000sf units going for 560-580psf.
*
980k?! Mind to pm me? My friend plan to buy it for stay if the price you provide is true...thanks
sonycamera
post Nov 14 2012, 02:44 PM

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980 / 1799 ~ rm545 psf.

Buying for own stay, I think it is attractive.......
A.B.D.
post Nov 14 2012, 06:00 PM

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The pictures look great. Cosy.

I hope by next year this place fills up with good residents and sstwo mall can really kick start this time.
sonycamera
post Nov 20 2012, 09:46 AM

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When is the latest anticipated handover date?

Plan to arrange with agents to view units for sale to have a feel of building quality.

Heard so much of Sdb's product quality, really like to see personally.....

ronn77
post Nov 20 2012, 10:51 AM

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This place eventually will move up a notch with the completion of 5stone and another project by sdb which just beside the 5stone consist of sofo and retails below. Although it may boost the SS2 mall by a bit but with the competition of more retails by the upcoming sdb project may pull the crowds away thus does not looks so good for the SS2 mall.
sonycamera
post Nov 20 2012, 11:35 AM

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QUOTE(ronn77 @ Nov 20 2012, 10:51 AM)
This place eventually will move up a notch with the completion of 5stone and another project by sdb which just beside the 5stone consist of sofo and retails below. Although it may boost the SS2 mall by a bit but with the competition of more retails by the upcoming sdb project may pull the crowds away thus does not looks so good for the SS2 mall.
*
Any idea where is the access to the new project by sdb?

Same access like Ameera?
Youngun
post Nov 21 2012, 06:02 PM

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I have a unit in Five Stones Block E, 2024sf high floor. Owner planning to sell less than RM1.3m (negotiable). PM me if interested. Have a nice day!
Chigme
post Nov 21 2012, 10:47 PM

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QUOTE(sonycamera @ Nov 20 2012, 11:35 AM)
Any idea where is the access to the new project by sdb?

Same access like Ameera?
*
Ameera access is the gate from side road. I believe Five Stones will have direct access to the main road of SS2/72.
jenisqitny
post Nov 27 2012, 05:28 PM

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I have an unit at Five Stone, Block E
2,380sf, 9th Floor, facing EAST
3 parking bays
Owner plan to sell RM1.5mil ( NEGOTIABLE )
Call me if interested 012-2022 709
Thank you!
urb7
post Dec 13 2012, 01:10 PM

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Progress photos as of 2nd December 2012.

user posted image

user posted image

user posted image

user posted image

More at http://www.fivestones.my

This post has been edited by urb7: Dec 13 2012, 01:11 PM
kochin
post Dec 21 2012, 10:31 AM

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what's the targeted rental like?
really beautiful!

This post has been edited by kochin: Dec 21 2012, 10:32 AM
CKHong
post Dec 22 2012, 01:09 AM

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i agreed, always pass by there, dam cantik !
the price also cantik !
sonycamera
post Dec 22 2012, 09:08 AM

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yes, passed by recently, looks impressive.....

Btw, what happens to the new phase behind 5Stones also by Sdb?

Cant find any info on sdb website....
The Jedi
post Dec 22 2012, 09:22 AM

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Beautiful!

Subsale price how much?
1282009
post Dec 22 2012, 10:52 AM

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QUOTE(The Jedi @ Dec 22 2012, 09:22 AM)
Beautiful!

Subsale price how much?
*
I think 1mil up for the smallest 17xx size units? Look nice n if I own 1, I will use it for own stay for sure.


Property buyer
post Dec 26 2012, 04:55 PM

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When TTDi is selling at RM1k per sq ft and Gloma at more than RM700+,five stones is actually a good bargain!


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sonycamera
post Dec 26 2012, 10:36 PM

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QUOTE(Property buyer @ Dec 26 2012, 04:55 PM)
When TTDi is selling at RM1k per sq ft and Gloma at more than RM700+,five stones is actually a good bargain!
*
For own stay, is RM650-680 psf too high for a high floor unit in block E, 5Stones? Looking at an unit through a friend (not agent) who knows the owner...


This post has been edited by sonycamera: Dec 26 2012, 10:38 PM
epsonstylux
post Dec 27 2012, 10:09 AM

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Normally the subsale unit, starting price is 1.1mil for 1799sqft.

Let me know if you're interested. I've got a few units for rent and sell at the moment. smile.gif

This post has been edited by epsonstylux: Dec 27 2012, 10:10 AM
Chigme
post Dec 28 2012, 03:13 PM

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QUOTE(sonycamera @ Dec 26 2012, 10:36 PM)
For own stay, is RM650-680 psf too high for a high floor unit in block E, 5Stones?  Looking at an unit through a friend (not agent) who knows the owner...
*
Price seems like on a high side looking at the posting at I- property which ranges from RM590-650. There is also uncertainty if Block E' view may be block by the Hub.
Property buyer
post Dec 28 2012, 07:33 PM

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I believe that it is advisable to buy just after the vacant possession when so many units are put out for sale! Later the supply reduce and price will slowly move up.

The new launches in PJ are all above RM700 per sq ft.
A.B.D.
post Dec 28 2012, 08:51 PM

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QUOTE(Property buyer @ Dec 28 2012, 07:33 PM)
I believe that it is advisable to buy just after the vacant possession when so many units are put out for sale! Later the supply reduce and price will slowly move up.

The new launches in PJ are all above RM700 per sq ft.
*
good point thumbup.gif
MrHunter
post Dec 28 2012, 10:02 PM

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The facade is great! Look like nice SG condo standard.
Chigme
post Dec 29 2012, 09:24 AM

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QUOTE(Property buyer @ Dec 28 2012, 07:33 PM)
I believe that it is advisable to buy just after the vacant possession when so many units are put out for sale! Later the supply reduce and price will slowly move up.

The new launches in PJ are all above RM700 per sq ft.
*
So many units in subsale supply as flippers trying to complete disposal before property gain tax increase in 2013. Let see if five stone flippers up their price next year to compensate for the additional propery tax.
Property buyer
post Dec 29 2012, 12:18 PM

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If you look at the iproperty site, 80% of the advertisements are from the same agent!
Which might give a impression of a lot of units put out for sale!


Added on December 29, 2012, 12:27 pmIf you look at the iproperty site, 80% of the advertisements are from the same agent!
Which might give an impression that a lot of units put out for sale!

This post has been edited by Property buyer: Dec 29 2012, 12:27 PM
accetera
post Jan 4 2013, 11:46 PM

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Developer must improve their products in order to put more value.

Many good property finishing ared. Let's take a look at my favorite:


Just Completed ::: Five Stones, SS2 Petaling Jaya

» Click to show Spoiler - click again to hide... «

sonycamera
post Jan 9 2013, 10:18 AM

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Anyone passed by the site recently?

Is the project near completion?
Property buyer
post Jan 9 2013, 07:40 PM

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According to SDB office, the vp is pending the OC, estime to hand over by end of Jan13.
Chigme
post Jan 9 2013, 09:38 PM

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QUOTE(Property buyer @ Jan 9 2013, 07:40 PM)
According to SDB office, the vp is pending the OC, estime to hand over by end of Jan13.
*
Normally developer will hand vp without OC as the OC will come in a month later. Due to much delay in the project I supposed sdb will do the same.
sonycamera
post Jan 10 2013, 01:51 PM

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QUOTE(Property buyer @ Jan 9 2013, 07:40 PM)
According to SDB office, the vp is pending the OC, estime to hand over by end of Jan13.
*
Actually for purchasers it might be better for units to be handed over when everything is in order. I had heard projects where units handed over but still got many workers doing finishing works at the site especially on common areas.

Afterall, purchasers will be compensated for delay.........
urb7
post Jan 10 2013, 02:04 PM

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The development is definitely not ready to be handed over yet, lots of common areas work that need to be carried out. The front entrance is coming up nicely and the signboard is still not put on yet. The landscaping is still a bit bare and the swimming pool is still being worked on. They have installed lights in the common areas. The clubhouse still got some work to be done.

In a nutshell, still in progress, workers working till late trying to complete it.

Looking at this, I believe early Feb would be a possible VP date for the first batch of buyers.
urb7
post Jan 10 2013, 02:04 PM

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The Hub showroom is also near completion. Am trying to peek through the scale model, it looks like it may not be 40 storey high after all.
sonycamera
post Jan 10 2013, 02:16 PM

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QUOTE(urb7 @ Jan 10 2013, 02:04 PM)
The Hub showroom is also near completion. Am trying to peek through the scale model, it looks like it may not be 40 storey high after all.
*
Interesting! A while ago, I even read somewhere that it will be something like 42 storey building.

Heard it will be sited nearer to Ameera end, this will be a positive news as the high levels' view of Ameera will not be compromised.....


urb7
post Jan 10 2013, 02:20 PM

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I can't be absolutely sure because the day when I by at night they were still setting up the scale model, it looked like 20-storey or so, or perhaps they haven't put the other 20 storey model on top! lol
sonycamera
post Jan 10 2013, 02:27 PM

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Btw, when is the launch? B4 Cny?

urb7
post Jan 10 2013, 02:54 PM

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Probably next 2 weeks or so.
urb7
post Jan 10 2013, 11:48 PM

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user posted image

user posted image

Signboards up today! Looking really sleek thumbup.gif
Chigme
post Jan 11 2013, 07:59 AM

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Night lights absolutely bewitching.
zachozoi
post Jan 11 2013, 09:36 AM

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QUOTE(urb7 @ Jan 10 2013, 02:48 PM)
user posted image

user posted image

Signboards up today! Looking really sleek  thumbup.gif
*
wah..... so nice ma
Property buyer
post Jan 11 2013, 08:01 PM

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I have been told that the Hub will be priced around RM900 per sq ft! Way above the current market price of Five Stones!

urb7
post Jan 11 2013, 08:14 PM

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QUOTE(Property buyer @ Jan 11 2013, 08:01 PM)
I have been told that the Hub will be priced around RM900 per sq ft! Way above the current market price of Five Stones!
*
Well the Hub consists of smaller units hence the higher psf
Property buyer
post Jan 12 2013, 01:19 AM

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Extracted from this site
http://www.propertywtf.com.my/petaling-jay...-t1394-140.html


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Property buyer
post Jan 12 2013, 01:22 AM

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1282009
post Jan 12 2013, 11:01 AM

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QUOTE(urb7 @ Jan 11 2013, 08:14 PM)
Well the Hub consists of smaller units hence the higher psf
*
+1


doomdoom
post Jan 12 2013, 11:15 AM

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SDB always do a good job....
jucl
post Jan 12 2013, 11:41 AM

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QUOTE(doomdoom @ Jan 12 2013, 11:15 AM)
SDB always do a good job....
*
Yeah, I kind of agree sdb design is always superb. I love their design very but as usual their pricing is always on high side. They kinda focus only on niche project and I must say their standard is on par with Singapore.

However I have never seen them into township development. I'm sure wud be interesting whether they can build better than mont kiara or desa park city...
sonycamera
post Jan 13 2013, 04:22 PM

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Nice.....

Waiting anxiously for inside shots.

Visited the show units during launch 3 years ago, just curious if the actual building quality / workmanship is in line with show units.

That time, many people (including me) thought the project was overpriced, looks like it might not be after all.....

This post has been edited by sonycamera: Jan 13 2013, 04:23 PM
Property buyer
post Jan 13 2013, 06:24 PM

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QUOTE(sonycamera @ Jan 13 2013, 04:22 PM)
Nice.....

Waiting anxiously for inside shots.

Visited the show units during launch 3 years ago,  just curious if the actual building quality / workmanship is in line with show units.

That time, many people (including me) thought the project was overpriced, looks like it might not be after all.....
*
Compared to all recent launches in PJ area, the original price for Five Stones was really low (Like getting 50% discount!!).

This post has been edited by Property buyer: Jan 13 2013, 06:33 PM
1282009
post Jan 13 2013, 08:02 PM

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QUOTE(sonycamera @ Jan 13 2013, 04:22 PM)
Nice.....

Waiting anxiously for inside shots.

Visited the show units during launch 3 years ago,  just curious if the actual building quality / workmanship is in line with show units.

That time, many people (including me) thought the project was overpriced, looks like it might not be after all.....
*
+1 .. many launches are considered xpensive during launching but after 3 yrs, they become "cheap". Not sure it will still be true in 2016 though.


doomdoom
post Jan 13 2013, 08:36 PM

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QUOTE(Property buyer @ Jan 13 2013, 06:24 PM)
Compared to all recent launches in PJ area, the original price for Five Stones was really low (Like getting 50% discount!!).
*
original price is how much psf?

The Jedi
post Jan 13 2013, 08:40 PM

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Phase 1 : 450-470psf (aug 2009)
Phase 2 : 520-540psf (jan 2010)

When ken3 and ameera were still around < 350psf and landed dslh ss2 < 600k
sonycamera
post Jan 14 2013, 12:01 PM

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Remember a couple years ago, Sdb won some form of awards in respect of a high-rise development, can't recall which one.

Not sure if they will get any market recognition for Five Stones development this time....
sonycamera
post Jan 21 2013, 11:23 AM

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QUOTE(urb7 @ Jan 10 2013, 02:20 PM)
I can't be absolutely sure because the day when I by  at night they were still setting up the scale model, it looked like 20-storey or so, or perhaps they haven't put the other 20 storey model on top! lol
*
Hi

Heard anything about the number of levels the Hub high-rise will be?

A friend mentioned that the launch will like to take place in Feb, the earliest. Perhaps, Sdb might want to get the vp for 5Stones out of the way first.


Property buyer
post Jan 21 2013, 07:51 PM

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I have been told that the VP letter will be out by end of this month together with OC.

This post has been edited by Property buyer: Jan 21 2013, 08:00 PM
urb7
post Jan 23 2013, 09:51 AM

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QUOTE(sonycamera @ Jan 21 2013, 11:23 AM)
Hi

Heard anything about the number of levels the Hub high-rise will be?

A friend mentioned that the launch will like to take place in Feb, the earliest. Perhaps, Sdb might want to get the vp for 5Stones out of the way first.
*
I think SDB is still planning for the 42-storeys high rise, and it will positioned directly behind the clubhouse at Five Stones, therefore technically blocking none of the Ameera tower block or Five Stones Block E, but this would mean that Ameera tower block's KLCC view is blocked.

The launching may be delayed after CNY as SDB has yet to get approval for the building and the sales gallery as well.
tehcc
post Jan 23 2013, 11:17 AM

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QUOTE(doomdoom @ Jan 13 2013, 08:36 PM)
original price is how much psf?
*
Not sure whether the info on this page is correct?
http://www.iproperty.com.my/condominiums/2234/Five_Stones

Villas: From RM907,000
Condos: From RM898,000
urb7
post Jan 29 2013, 06:18 PM

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Progress as of today: -

user posted image

user posted image

user posted image

user posted image

More: http://www.fivestones.my/progress/five-sto...29-january-2013
sonycamera
post Jan 29 2013, 08:10 PM

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When will be the first batch purchasers getting their keys?

Looks like it will be anytime....
doomdoom
post Jan 29 2013, 09:09 PM

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look at the 5 stones...very interested for their new project window on the park at cheras. for sure will become another superb high class product...
sonycamera
post Jan 31 2013, 10:00 PM

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Just heard first batch purchasers (not sure which blocks) will be notified of vp next week.

Not sure true or not?



sonycamera
post Feb 16 2013, 01:03 PM

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Some purchasers had posted in other forum that they have received vp notification together with LAD payment cheque........
sonycamera
post Feb 21 2013, 05:30 PM

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Heard Phase I purchasers are in the midth of collecting keys to their units......

Forumers who bought pls share some comments / review....tq


Property buyer
post Feb 22 2013, 11:46 AM

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Try this site, a lot new comments/ discussiobns and photo.
http://www.propertywtf.com.my/petaling-jay...-t1394-290.html
Property buyer
post Feb 22 2013, 03:56 PM

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Based on the feedback from those collected the keys, the landscaping is really disappointing when compared to SDB's brochure!
kbchang
post Mar 1 2013, 06:56 PM

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Any owner here planning to let go 2381 sf unit in block C or block E?
I have a buyer that is looking for it.

Also I've a owner wanted to let go a penthouse (4518 sf) in block C at 680psf.

Kindly contact me tq. I'm an agent.

This post has been edited by kbchang: Mar 1 2013, 06:56 PM
kbchang
post Mar 3 2013, 02:21 PM

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If anyone want to let go unit with 1785 s.f. or 1799 s.f. please contact me.

I have a buyer looking for several units for investment. Thanks.
The Jedi
post Mar 3 2013, 03:23 PM

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If ss2 diehards wanted to remain in the neighborhood with good security, green landscape and excellent club facilities, then 5 stones will be the logical 1st choice. Foresee high occupancy for this premium condo.
sonycamera
post Mar 3 2013, 04:37 PM

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Yes, I feel 5Stones and also ameera really stand out among highrise in ss2, in fact I would say in pj for that matter..............
Property buyer
post Mar 3 2013, 09:26 PM

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Main lobby, block A


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Property buyer
post Mar 3 2013, 09:28 PM

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Property buyer
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elfness
post Mar 20 2013, 08:50 PM

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Guys, i know a parcel of bungalow land for sale just behind this five stones.
9000+sqf. 2.4 mil.
Any1 interested?
Last piece of vacant land at this area.
Interested buyer can contact me at 013-659 5555.
urb7
post Mar 23 2013, 05:11 PM

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For owners, do join us at the Community Forum at http://www.fivestones.my/community.

----

user posted image

The carpark levels are so huge, it feels like I'm in a big shopping complex.

user posted image

user posted image

They did good with the signages, very well designed.

user posted image

Installation works by David Hiscock. The development's colour palatte is generally lots of gray with copper/brown accents.

user posted image

The shape of the Stones continue on as part of the design language.

user posted image
user posted image

Nicely done lift lobby for Block A.

This post has been edited by urb7: Mar 23 2013, 05:12 PM
Howard Klen
post Apr 28 2013, 03:15 AM

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Woah, looks kinda nice from outside. tongue.gif Any idea where's the showroom unit/sales gallery at?
sonycamera
post Apr 28 2013, 09:08 AM

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QUOTE(Howard Klen @ Apr 28 2013, 03:15 AM)
Woah, looks kinda nice from outside.  tongue.gif  Any idea where's the showroom unit/sales gallery at?
*
I believe all sold out quite a while ago. If interested, can consider subsales.

Yes, I feel it is one of the best high-rise development projects in pj area.......
j_ong
post Jun 3 2013, 08:58 PM

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Where is their sales office??? I mean ameera and five stones...any contact??? I got friend ask me to call 0377258900....
sonycamera
post Jun 4 2013, 09:45 AM

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QUOTE(j_ong @ Jun 3 2013, 08:58 PM)
Where is their sales office??? I mean ameera and five stones...any contact??? I got friend ask me to call 0377258900....
*
You can try their Hq in KL.

I believe Ameera & 5Stones are all sold out....
j_ong
post Jun 4 2013, 03:44 PM

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QUOTE(sonycamera @ Jun 4 2013, 09:45 AM)
You can try their Hq in KL.

I believe Ameera & 5Stones are all sold out....
*
ok thanks...I'm just wondering where is their sales office...I mean other than HQ...n why my friend gave me this number....

This post has been edited by j_ong: Jun 4 2013, 03:45 PM
BigMan123
post Dec 14 2013, 11:19 PM

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How is the occupancy now? From outside, seems pretty quiet.
successidea
post Dec 17 2013, 10:27 PM

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Please contact 012-6193102
Furnishing : Fully furnished
Five Stone located at Jalan SS2/72 situated between Jasmin Tower Condominium and the exclusive Ameera Residence, another prime project by Selangor Dredging Bhd,within vicinity of SS2 Mall, Tropicana City Mall;Accessible via Lebuhraya Damansara Puchong (LDP), New Klang Valley Expressway (NKVE) and Sprint Highway.
Bedrooms : 4 + 1;Bathrooms : 4;Maintenance Fee : RM0.25 / sf;Extra Features : Unit Includes 3 Covered Car Park And Exceptional 25′ Wide Balcony;
Please contact 012-6193102
Five Stone General Info
Five Stones is freehold residential developed by SDB Properties
which completed at December 2012.
Block A is a 38-storey condominium complex with its clubhouse on the ground floor. There are 147 units in this particular building, with about 4 units per floor.
Block B and C are villas.
Block D is 25-storey, and consists of 50 units
Block E is 36-storeys tall and consists of 142 units.
The key feature of the design for this building is that there are only 4 units per floor.
Five Stone Neighourhood
Nearby facilities and educational facilities include Tropicana City Mall, KDU College, Universiti Tunku Abdul Rahman, and more.
Accessbility of Five Stone
Accessible via the LDP, Sprint & NKVE
Please Click following links for more information:
Five Stones For Rent ~ Mypropertieshub.com



Chigme
post Jan 6 2014, 10:35 AM

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QUOTE(BigMan123 @ Dec 14 2013, 11:19 PM)
How is the occupancy now? From outside, seems pretty quiet.
*
Eye ball estimate 35% occupancy rate.
JamesPond
post Jan 6 2014, 05:41 PM

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Investor can make money?
Chigme
post Jan 28 2014, 08:59 AM

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QUOTE(JamesPond @ Jan 6 2014, 05:41 PM)
Investor can make money?
*
If you can get a unit at RM600/psf or better, yes.
HELLO HELLO
post Jan 28 2014, 09:40 AM

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QUOTE(BigMan123 @ Dec 14 2013, 11:19 PM)
How is the occupancy now? From outside, seems pretty quiet.
*
outside may look quiet. inside at the common facility areas quite good and happening.

see kids play around at water jet playground and run around at garden area safely.

1 of the gym room got 5 to 6 people using it. swimming pool got kids and parents swimming.

older 1 some sit at clubhouse reading newspaper.

the indoor badminton & basketball court also see people play badminton..1 little girl try to learn skateboard at basketball court area.

some garden units look great after renovated.

This post has been edited by HELLO HELLO: Jan 28 2014, 09:42 AM
doomdoom
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QUOTE(HELLO HELLO @ Jan 28 2014, 09:40 AM)
outside may look quiet. inside at the common facility areas quite good and happening.

see kids play around at water jet playground and run around at garden area safely.

1 of the gym room got 5 to 6 people using it. swimming pool got kids and parents swimming.

older 1 some sit at clubhouse reading newspaper.

the indoor badminton & basketball court also see people play badminton..1 little girl try to learn skateboard at basketball court area.

some garden units look great after renovated.
*
one of the best condo at PJ.... tongue.gif
HELLO HELLO
post Jan 28 2014, 09:54 AM

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while i walk out from guard house for security checking saw.. 2 angmo girls just came back from leisure walk outside..

This post has been edited by HELLO HELLO: Jan 28 2014, 09:55 AM
doomdoom
post Jan 28 2014, 09:55 AM

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QUOTE(HELLO HELLO @ Jan 28 2014, 09:54 AM)
while i walk out from guard house for security checking saw 2 angmo girls just came back from leisure walk outside..
*
no surprise....now PJ tropicana/mutiara damansara/damansara perdana area oledy got more ang moh residents compare to previous time...
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post Jan 28 2014, 10:55 PM

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QUOTE(HELLO HELLO @ Jan 28 2014, 09:40 AM)
outside may look quiet. inside at the common facility areas quite good and happening.

see kids play around at water jet playground and run around at garden area safely.

1 of the gym room got 5 to 6 people using it. swimming pool got kids and parents swimming.

older 1 some sit at clubhouse reading newspaper.

the indoor badminton & basketball court also see people play badminton..1 little girl try to learn skateboard at basketball court area.

some garden units look great after renovated.
*
But most units are empty at night....maybe they dont stay there. Only go for facilities
HELLO HELLO
post Jan 28 2014, 11:14 PM

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QUOTE(BigMan123 @ Jan 28 2014, 10:55 PM)
But most units are empty at night....maybe they dont stay there. Only go for facilities
*
Now macam around 30% gua...
When pergi tengok...Plenty renovation on going...
Rush for cny I think.. After cny should c more units light on.

Maybe u try ask a friendly agent bring u in there to 6c6c.
Good to c it by yourself.. Very not bad.
laowai
post Mar 21 2014, 08:52 AM

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Anyone has the floor plans for the big units > 1500 sq ft with > 3 bedrooms?

Please share, thanks.
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post Mar 21 2014, 09:21 AM

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Is the condo affected by the smell from the big drain nearby?? Last time came out this issue in the Star paper, me myself cannot tahan last time but more towards the left side if from ss2
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QUOTE(manickam123 @ Mar 21 2014, 09:24 AM)
SS2 mall is dying mall...shops are closing hardly any biz there.
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Not dying.. Already dying for so long. It start to reviving slowly.
urb7
post Mar 21 2014, 09:59 AM

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The mall's dying a slow death. It's really displeasing to see. What a waste.

This post has been edited by urb7: Mar 21 2014, 10:00 AM
hilmi.reapfield
post Apr 25 2014, 10:22 PM

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We have couple of units for rent/sale @ Five Stones SS2. Contact Hilmi at 0192000121 for inquiries.

This post has been edited by hilmi.reapfield: Apr 25 2014, 10:23 PM
A.B.D.
post Apr 29 2014, 08:48 PM

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QUOTE(urb7 @ Mar 21 2014, 09:59 AM)
The mall's dying a slow death. It's really displeasing to see. What a waste.
*
when's kidex completing? maybe got chance for exhibition space/show gallery/outlet kind of store.

but i really hope econsave gets out of there fast.
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post Apr 29 2014, 09:25 PM

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QUOTE(manickam123 @ Mar 21 2014, 09:33 AM)
how to revive?

the whole SS2 mall is like a castle in a middle of a moat...only the main draw bridge is the access...

reminds me of one of those british castles surrounded by moat i visited in UK.
*
Ic. Saw many people at the back of the mall. Grocery shopping. Makan At old town. People Walk in, people walk out. Front side macam quite death. Jialat like dat.
urb7
post Apr 30 2014, 01:11 PM

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With the new KIDEX and Jalan Harapan extension to Jalan Damansara, there will be slight chance the mall can revive. I hope ECONSAVE gets out too. The supermarket is really tragic.
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post Apr 30 2014, 01:58 PM

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QUOTE(urb7 @ Apr 30 2014, 01:11 PM)
With the new KIDEX and Jalan Harapan extension to Jalan Damansara, there will be slight chance the mall can revive. I hope ECONSAVE gets out too. The supermarket is really tragic.
*
Can see now Econsave enter those small malls but they no maintain cleanliness. Smelly before walk in entrance.
Same as Klang Parade, although new but got one smell. Others also hired foreign workers but they got maintain the cleanliness.
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post Apr 30 2014, 10:44 PM

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QUOTE(straw @ Apr 30 2014, 01:58 PM)
Can see now Econsave enter those small malls but they no maintain cleanliness. Smelly before walk in entrance.
Same as Klang Parade, although new but got one smell. Others also hired foreign workers but they got maintain the cleanliness.
*
I believe the smell came from the rotting fruits/vegetables (due to low turnover) placed in front of the entrance. Nothing to do with cleanliness.
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post May 2 2014, 09:50 PM

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Any idea how kidex impacts this project?
A.B.D.
post May 3 2014, 10:25 AM

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QUOTE(BigMan123 @ May 2 2014, 09:50 PM)
Any idea how kidex impacts this project?
*
east facing units will have a new view and noise pollution. is it possible for every affected home owner to sue kidex? i hope they get justice, the right compensation or else this is outright oppression.
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post May 3 2014, 11:27 AM

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QUOTE(A.B.D. @ May 3 2014, 10:25 AM)
east facing units will have a new view and noise pollution. is it possible for every affected home owner to sue kidex? i hope they get justice, the right compensation or else this is outright oppression.
*
I pass by there everyday. Going by the proposed construction, it is very near these condos. That is not very fair
BigMan123
post May 4 2014, 04:29 PM

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The construction will affect familiar landmarks such as Tropicana Mall, SS2 Mall, the Rothman’s T-junction, Section 14, Amcorp Mall, Hilton Petaling Jaya, Tun Hussein Onn Eye Hospital, the Jalan Templer roundabout, Taman Datuk Harun, Taman Medan Baru and Bandar Kinrara.

The construction is expected to start as early next year and completed by 2018.

In result of this, all ownership transactions involving homes and properties within the project corridor have been frozen.

-------------

Sale frozen?
urb7
post May 30 2014, 11:35 AM

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PAM Award Winner 2014 - High Rise Residential for Architects yhsa.


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urb7
post Nov 12 2014, 02:24 PM

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Five Stones today.

user posted image

This post has been edited by urb7: Nov 12 2014, 02:24 PM
BigMan123
post Nov 12 2014, 04:36 PM

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QUOTE(urb7 @ Nov 12 2014, 02:24 PM)
Five Stones today.

user posted image
*
Pic edited? Cant see jasmine
HELLO HELLO
post Nov 12 2014, 08:46 PM

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no layer layer tinggi expose carpark floor.

sibeh cantik woh...
Hkwave
post Nov 12 2014, 09:25 PM

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I was there 2 weeks ago, paint starting to peel off. Thought selangor dredging is a good developer who use quality materials.
hondaracer
post Nov 16 2014, 10:54 PM

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Can only see 1/2 of units lighted at night, just passed there tonight.
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post Nov 16 2014, 11:09 PM

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QUOTE(hondaracer @ Nov 16 2014, 10:54 PM)
Can only see 1/2 of units lighted at night, just passed there tonight.
*
yesterday night i saw more than half macam 60%-70% lights on wor.
ETbite
post Nov 16 2014, 11:17 PM

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I tot this 5 stones was develop long time ago
HELLO HELLO
post Nov 21 2014, 10:51 AM

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now the park green green macam hutan. smile.gif


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meteoraniac
post Nov 21 2014, 11:08 AM

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definitely looks very impressive in the PJ skyline, one of my favourite condos fascade

hows the problem on the splashing water into corridor during rain?
Babizz
post Nov 21 2014, 11:46 AM

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looks so gooding.. like all SDB products!
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post Mar 2 2016, 02:49 PM

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any unit for sale?
jaya_pc87
post Mar 18 2018, 03:48 PM

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Anyone Living in 5Stones can PM Me wanna ask some questions
urb7
post Apr 23 2019, 11:16 PM

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https://www.okashimo-art.com/five-stones
manicmondays
post Apr 24 2019, 12:52 AM

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Lots of green. Beautiful view

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bat11
post Jun 28 2020, 09:05 PM

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Hi anybody stay in 5 Stone? Hows the condo condition? Interested to get a unit. Thank you!
AskarPerang
post Jun 16 2021, 02:31 PM

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https://www.freemalaysiatoday.com/category/...38-floor-condo/

Faulty lifts a letdown in 38-floor condo

PETALING JAYA: A few years ago, on a Sunday evening, KK Foong and his family were in a lift at his 38-storey apartment block when it suddenly shuddered and came to a halt.

The lift was stuck between two levels. The 45-minute ordeal traumatised his child, who was then only seven.

“Now, my son has developed a phobia of getting into lifts,” Foong told FMT, adding that they eventually climbed out of the lift after engineers pried the doors open.

The next morning, Foong was trapped in the lift again, though this time it was only for 15 minutes.

He said breakdowns involving the lifts at the Five Stones Condominium here – there are three in his block, comprising two passenger lifts and one emergency lift – are frequent, sometimes “more than four times a week”.

This is frustrating, he said, considering he pays RM840 in management fee and a sinking fund every month.

“The lifts breaking down is one thing, but the uptime sometimes takes another few days,” he said, referring to when the lifts become operational again.

“Even when they resume working, they will break down again,” he said, adding that in the past five years he has stayed there, he only heard excuses, with no action taken.

Businessman Darren Chang, who also moved in some five years ago, said the lifts would malfunction every time it rains.

Chang, who stays on one of the higher floors, had to walk up a flight of stairs with his wife and four children after one of the lifts broke down. And very often, he said, only one of the three lifts would be working.

Residents said the lifts are old models and poorly maintained. They feel “short-changed” with the quality of service, especially when they have to pay a hefty management fee, he said.

“For the amount we pay, we expect the basic necessities to work and our problems sorted out, especially the lifts which we use on a daily basis.”

Jolene Tan, who stays in Block E, said there were times that the lift doors would “slam” into the users as they step in.

After she complained to the committee, she was told the lifts were not serviced. When she sent an email to the management, she received no response, which left her “seething”.

“The problems with the lifts also created bad blood among the residents, some of whom are part of the committee,” she said.

Rowena Baker said she had grown “sick and tired” of the lift breakdowns, which she said have been going on since 2014.

It also left her red-faced on several occasions when some of her guests were stuck in the lifts.

“In their brochure, they promised state-of-the-art facilities, but what we got was vintage,” she said.

The developer, Selangor Dredging Bhd, said Phase One of Five Stones was completed in 2009, followed by Phase Two in 2010.

Its spokesman said the project was handed over on May 1, 2016 to be managed by property management agent Knight Frank, which was appointed by the management committee.

“We ensured everything was in good working condition when we handed it over,” the spokesman said.
bcombat
post Jun 16 2021, 04:22 PM

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Lobby areas are quite cozy and comfortable

Didn’t know they got this internal problem
Babizz
post Jun 16 2021, 06:32 PM

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After this lift story, five stones demand n KF will be hit as well.

Such an embarrassment for such a "high end " condo. For condos lift is the most important thing
tometoto
post Jun 16 2021, 07:00 PM

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850 maintenance fee but need to used stairs case.

very pity the rich t20 for own this condo.

should sell and fine another condo lor.
LoTek
post Jun 16 2021, 07:13 PM

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Its just two blocks that keeps having this problem. Its a shame though anyway. The rest of the condo is not bad at all.
QuickFire
post Jun 17 2021, 10:36 AM

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QUOTE(LoTek @ Jun 16 2021, 07:13 PM)
Its just two blocks that keeps having this problem. Its a shame though anyway. The rest of the condo is not bad at all.
*
What brand is the condo's lifts?
ZeneticX
post Jun 17 2021, 10:58 AM

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QUOTE(QuickFire @ Jun 17 2021, 10:36 AM)
What brand is the condo's lifts?
*
Thyssen Krupp if not mistaken. read from another thread

but looking at how this is a high end condo, the lift brand shouldn't be a concern

this issue is more like JMB/management taking the maintenance fee and not doing their job

OR

there's a big amount of residence/owners not paying maintenance fee

This post has been edited by ZeneticX: Jun 17 2021, 11:05 AM
mini orchard
post Jun 17 2021, 11:03 AM

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Macam tak ada SF after 9 years !
kochin
post Jun 17 2021, 11:06 AM

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QUOTE(Babizz @ Jun 16 2021, 06:32 PM)
After this lift story, five stones demand n KF will be hit as well.

Such an embarrassment for such a "high end " condo. For condos lift is the most important thing
*
still under KF until now since handover?
kochin
post Jun 17 2021, 11:07 AM

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QUOTE(mini orchard @ Jun 17 2021, 11:03 AM)
Macam tak ada SF after 9 years !
*
hearsay have few millions in FD.

some of the residents are very well known public figures
mini orchard
post Jun 17 2021, 11:10 AM

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QUOTE(kochin @ Jun 17 2021, 11:06 AM)
still under KF until now since handover?
*
Efforts being taken to resolve condo lifts problem, says management agent

https://www.freemalaysiatoday.com/category/...nagement-agent/

Tai Chi to and fro

This post has been edited by mini orchard: Jun 17 2021, 11:11 AM
edkhan26
post Jun 17 2021, 11:11 AM

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QUOTE(Babizz @ Jun 16 2021, 06:32 PM)
After this lift story, five stones demand n KF will be hit as well.

Such an embarrassment for such a "high end " condo. For condos lift is the most important thing
*
Condos have issues and issues can be solved if there is money in the bank. Its just hiccups no? Every condo has its own issue but most importantly it can be solved. If knight frank still cwnt do it then sack them and appoint another reputable service provider.

If there is a defective engoneering problem then different issuela.
QuickFire
post Jun 17 2021, 11:17 AM

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QUOTE(ZeneticX @ Jun 17 2021, 10:58 AM)
Thyssen Krupp if not mistaken. read from another thread

but looking at how this is a high end condo, the lift brand shouldn't be a concern

this issue is more like JMB/management taking the maintenance fee and not doing their job

OR

there's a big amount of residence/owners not paying maintenance fee
*
Oh wow. Thyssenkrupp. Can anyone confirm this please? Anyone from Five Stones?
mini orchard
post Jun 17 2021, 11:29 AM

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QUOTE(edkhan26 @ Jun 17 2021, 11:11 AM)
Condos have issues and issues can be solved if there is money in the bank. Its just hiccups no? Every condo has its own issue but most importantly it can be solved. If knight frank still cwnt do it then sack them and appoint another reputable service provider.

If there is a defective engoneering problem then different issuela.
*
"Businessman Darren Chang, who also moved in some five years ago, said the lifts would malfunction every time it rains"
jflee169
post Jun 17 2021, 11:33 AM

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The condo has 5 blocks, A - E. If not mistaken, block A and E are shared lift. The rest of the blocks are private lift. From my experience as visitor, the lift in block A were closed for more than 6 months ( this was pre-Covid time). I didn't ask more about the closure of the lift. Just imagine that 4 units per floor, from level 1 to level 41 (if not mistaken), you do the math during peak hour waiting for the lift.


mini orchard
post Jun 17 2021, 11:42 AM

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QUOTE(jflee169 @ Jun 17 2021, 11:33 AM)
The condo has 5 blocks, A - E. If not mistaken, block A and E are shared lift. The rest of the blocks are private lift. From my experience as visitor, the lift in block A were closed for more than 6 months ( this was pre-Covid time).  I didn't ask more about the closure of the lift. Just imagine that 4 units per floor, from level 1 to level 41 (if not mistaken), you do the math during peak hour waiting for the lift.
*
More to politics play inside ... Husband, 2nd wife and stepchild.
Babizz
post Jun 17 2021, 03:37 PM

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QUOTE(kochin @ Jun 16 2021, 09:06 PM)
still under KF until now since handover?
*
Yeh based on the article shared down there.

QUOTE(edkhan26 @ Jun 16 2021, 09:11 PM)
Condos have issues and issues can be solved if there is money in the bank. Its just hiccups no? Every condo has its own issue but most importantly it can be solved. If knight frank still cwnt do it then sack them and appoint another reputable service provider.

If there is a defective engoneering problem then different issuela.
*
Its not just hiccup. If you have ever been in a MC u know how damaging this is even to the members of the MC. But here can't solve mah.
SUSWynne2219
post Jun 18 2021, 03:21 AM

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QUOTE(kochin @ Jun 17 2021, 11:07 AM)
hearsay have few millions in FD.

some of the residents are very well known public figures
*
How well known 😂 well known no need take lift go private jet hantar unit ?
mini orchard
post Jun 18 2021, 08:08 AM

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QUOTE(Wynne2219 @ Jun 18 2021, 03:21 AM)
How well known 😂 well known no need take lift go private jet hantar unit ?
*
Some JMB members have those thrifty mentality. Repair till no spare parts also ask supplier to replace next best.

When the lift drops and break into pieces, only will tender be called for new lift.

A fat bank account is a show of 'good' management during AGM.

And in many cases, 'personal interest' overrides responsibities.

This post has been edited by mini orchard: Jun 18 2021, 10:27 AM
mingyew
post Jun 18 2021, 09:28 AM

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QUOTE(tometoto @ Jun 16 2021, 07:00 PM)
850 maintenance fee but need to used stairs case. 

very pity the rich t20 for own this condo.

should sell and fine another condo lor.
*
Wow, 850... can have private huge lake garden at Maple already.
Jdite
post Jun 19 2021, 01:49 AM

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QUOTE(mini orchard @ Jun 17 2021, 11:10 AM)
Efforts being taken to resolve condo lifts problem, says management agent

https://www.freemalaysiatoday.com/category/...nagement-agent/

Tai Chi to and fro
*
This is classic example of pure incompetency of the property manager. No need to to taichi here and there.
Since they take over the management in 2016, the lifts have seen unscheduled breakdowns regularly, yet until 2021 still can't resolve it...If I were the MC already sack 9 them.

mini orchard
post Jun 19 2021, 06:17 AM

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QUOTE(Jdite @ Jun 19 2021, 01:49 AM)
This is classic example of pure incompetency of the property manager. No need to to taichi here and there.
Since they take over the management in 2016, the lifts have seen unscheduled breakdowns regularly, yet until 2021 still can't resolve it...If I were the MC already sack 9 them.
*
Dont have to wait to be sack. Can always resign.

'No money', the best award PM also cannot resolve.

This post has been edited by mini orchard: Jun 19 2021, 06:44 AM
Babizz
post Jun 19 2021, 06:44 AM

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QUOTE(Jdite @ Jun 18 2021, 11:49 AM)
This is classic example of pure incompetency of the property manager. No need to to taichi here and there.
Since they take over the management in 2016, the lifts have seen unscheduled breakdowns regularly, yet until 2021 still can't resolve it...If I were the MC already sack 9 them.
*
+100.
If the MC is 'stingy', KF can always resign
Since the property manager is not good at solving problems, MC can fire them

works both ways but to me, incompetency on both ends. i have changed my property manager for one of my condos b4 also. not hard to do. just need to get them illegally to do a site visit to assess the condo tongue.gif tongue.gif
Babizz
post Jun 19 2021, 07:04 AM

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google review comment:


The only thing they seriously need to improve on is the elevator at Block E. It keeps on needing maintenance every few days and the sensor of the elevator door is not good, the door will close even when you're about to get out of the elevator, until it touches you. Which is not safe for us. One elevator broke down last 2 weeks and they still haven't got it repaired...

The quality of this Condominium does not match the value of the property. Floor slab super thin, we can hear our neighbour upstairs footsteps, and kids running, throwing toys and marbles on the floor and even turning off and on their light switches. Neighbour upstairs are inconsiderate. Both the management and security guards do not do anything despite noise complaints. They are too scared to offend the occupants. The carpark is positioned so badly. Our 2nd and 3rd parking spot is sandwiche in between 2 walls where you can't really park a medium sized sedan with barely enough space to get out. The cleaning team cleans at peak hours and never bothers to put a sign. My husband and I have slipped after they mop the floor on the ramp. Complain to management, nothing happens. The security is lax. I can't say specifics here.

Very overpriced condo property in the heart of SS 2. Impressive first look, but facilities unkept.

mini orchard
post Jun 19 2021, 08:25 AM

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BigMan123
post Jun 19 2021, 10:40 AM

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To be fair, this is the only negative comment. Rest are fairly positive

QUOTE(Babizz @ Jun 19 2021, 07:04 AM)
google review comment:
The only thing they seriously need to improve on is the elevator at Block E. It keeps on needing maintenance every few days and the sensor of the elevator door is not good, the door will close even when you're about to get out of the elevator, until it touches you. Which is not safe for us. One elevator broke down last 2 weeks and they still haven't got it repaired...

The quality of this Condominium does not match the value of the property. Floor slab super thin, we can hear our neighbour upstairs footsteps, and kids running, throwing toys and marbles on the floor and even turning off and on their light switches. Neighbour upstairs are inconsiderate. Both the management and security guards do not do anything despite noise complaints. They are too scared to offend the occupants. The carpark is positioned so badly. Our 2nd and 3rd parking spot is sandwiche in between 2 walls where you can't really park a medium sized sedan with barely enough space to get out. The cleaning team cleans at peak hours and never bothers to put a sign. My husband and I have slipped after they mop the floor on the ramp. Complain to management, nothing happens. The security is lax. I can't say specifics here.

Very overpriced condo property in the heart of SS 2.  Impressive first look, but facilities unkept.
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