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Investment ISOLA SUBANG JAYA [OWNERS' THREAD], Next to Empire Subang and upcoming SJCC

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sonycamera
post Jun 30 2010, 02:52 PM

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Another new benchmark to be set after Surian Residence..........
brutus
post Jun 30 2010, 03:00 PM

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this one need to see the level of furnishing but then again at close to 700psf.........domt know what to say!
sonycamera
post Jun 30 2010, 03:22 PM

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I suppose Isola is a commercial land title development ie serviced condo.

Just wonder are residents supposed to pay assessment, water and electricity at commerical rate??

If yes, roughly how much more in term of %?


brutus
post Jun 30 2010, 03:29 PM

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yes, noticed from the e-mail it is a serviced residence.
rakyat
post Jun 30 2010, 05:02 PM

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QUOTE(Red Coffee @ Jun 30 2010, 02:34 PM)
but how this average people with average income but with little extra saving get bank loan worth hundreds of thousand?
*
You got lots to learn young grasshopper brows.gif

For RM300k at today's prevaling rate, you need to service RM1,100 to RM1,500 hence if you are young & monthly pay is appox RM2,500 you would qualify oredi; just worry bout the RM15 to RM25k downpayment (after rebated by developer)

There used to be 5/95 schemes, 10/90, DIBS ect

e.g. The recent Maluri apartment - RM383k downpayment was RM18k


Added on June 30, 2010, 5:03 pm
QUOTE(brutus @ Jun 30 2010, 02:47 PM)
Subject: ISOLA SERVICE CONDOMINUM AT SUBANG JAYA
Dear Client



Just to inform u that we had received your registration for Isola...



ISOLA is our service Condominium located next to Empire Galery.Here i provide some info for the ISOLA



We going to launch the ISOLA on August.

The tentavie price range frm RM 694,936-RM 2,179,731

16 storey Service Condominium

7 to 8 unit per floor,

Freehold

Built up area from 1076sq ft-4207 sq ft
*
Pricing is gila oredi rclxub.gif Close to MK pricing


This post has been edited by rakyat: Jun 30 2010, 05:03 PM
brutus
post Jun 30 2010, 06:34 PM

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QUOTE(rakyat @ Jun 30 2010, 05:02 PM)

Pricing is gila oredi  rclxub.gif Close to MK pricing
SD wants to transform this Isola to become the landmark of SS16 gua. whistling.gif
meteoraniac
post Jun 30 2010, 07:39 PM

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600k lol, can get landed property at closeby housing areas...

0106127
post Jun 30 2010, 08:36 PM

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QUOTE(flight @ Jun 29 2010, 09:35 PM)
looks like a bubble of sorts? I mean who are the people staying in these RM500k~ apartments?

30 year loan, at 90% monthly payments about RM2,400 per month, with maintenance etc easily RM3k per month. How many people are making that sort of money? Got hundreds of new units coming up with these sort of prices.
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Dear, flight, ya i share your views too.
the bubble is building up. many ppl still buy buy buy.
there will be an oversupply.
there is just too many apartment / condo/ and stuff being built.

many flippers not not many takers.

we buy when it is low. we sell when prices are going up


at prices close to 700k, what is the upside potential? what is the yield? who can you rent out to?what is the return?

This post has been edited by 106127: Jun 30 2010, 08:44 PM
TSaccetera
post Jun 30 2010, 09:14 PM

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QUOTE(rakyat @ Jun 30 2010, 10:08 AM)
Not true..... These ppl only make up <2% of the working population. In fact majority household make < RM5k in M'sia, mayb you have been mixing with the 'rich' crowd but overall i.e. majority of M'sians are lower middle class.
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Agreed. Najib says 70% of Malaysians didn't finish a higher qualification than SPM and TheStar newspaper says the average family income in Malaysia is RM3,000. If your basic income is more than RM3,500, you're considered on the high side of most income earners aled.

But let's not compare the average folks.

We should be talking about the market that this condo is targeting. Believe me not, someone told me there are more demand than supply, if the location is good and the price is like Isola's. That's in fact a big 'WOW' to me. (Developers are not "stupid" in their pricing too actually).



[Disclaimer for readers out there: I'm a born-n-bred PJ youth =p and my opinion may not reflect the views of the majority youth. I barely can afford any homes more than RM350k. smile.gif]

This post has been edited by accetera: Jun 30 2010, 09:18 PM
beandk
post Jun 30 2010, 09:25 PM

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QUOTE(brutus @ Jun 30 2010, 02:47 PM)
Subject: ISOLA SERVICE CONDOMINUM AT SUBANG JAYA
Dear Client



Just to inform u that we had received your registration for Isola...



ISOLA is our service Condominium located next to Empire Galery.Here i provide some info for the ISOLA



We going to launch the ISOLA on August.

The tentavie price range frm RM 694,936-RM 2,179,731

16 storey Service Condominium

7 to 8 unit per floor,

Freehold

Built up area from 1076sq ft-4207 sq ft
*
Where did you register? Online?
0106127
post Jun 30 2010, 10:14 PM

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QUOTE(accetera @ Jun 30 2010, 09:14 PM)
That's in fact a big 'WOW' to me. (Developers are not "stupid" in their pricing too actually).

*
means developer like SD will price the property highest whenever possible.

it also means buyers are on the losing side


Added on July 8, 2010, 11:02 pmProperty market recovering, but oversupply of condo and office units


But high-rise condo and office market still in oversupply

PETALING JAYA: The residential property market, especially landed residences, is on a recovery mode and prices of houses in some parts of Kuala Lumpur and Petaling Jaya have rebounded by 15% to 25% in the past one year, property realtors and consultants said.

However, the high-rise condominium and office market is still facing an oversupply situation and will weigh down on the market at least over the next couple of months.

CB Richard Ellis Sdn Bhd executive director Paul Khong said Malaysians still had money to invest and residential was the hot favourite at the moment.

“Landed properties have rebounded in all segments across the board while in the strata segment, the high-end ones in KLCC and Mont’Kiara have moved relatively slower due to the current supply situation and the small tenancy market,” Khong added.

Khong said that although the Klang Valley landed housing market was hot, “it is not a property boom.”

According to Knight Frank Ooi & Zaharin Sdn Bhd managing director Eric Ooi, the landed residential property market has fared well as it is considered a good time to buy now.

“The market has certainly picked up due mainly to limited supply, the high liquidity in the system, and growing interest in property as a reliable investment instrument,” Ooi said.

The affordable entry cost and an all-time low bank interest rates have also contributed to the improved sentiment and rising house prices.

Ooi said landed residential property prices in some parts of Kuala Lumpur, such as Desa Parkcity, had breached new high and house prices in well-sought-after locations would continue to strengthen.

“I believe even the commercial sector has seen the worse and although the market is still soft, it is stabilising. If the economy continues to grow steadily, the commercial sector will be next to rebound,” Ooi added.

Ooi said that besides the good location, the unique concepts and exclusive features of some of the projects were the reasons for the strong demand and prices.

DTZ Nawawi Tie Leung Sdn Bhd executive director Brian Koh concurred that supply of landed housing property had not caught up with demand as there was a lag in new supply coming onstream after developers held back their project launches in the past two years.

“The performance is still very location centric and concept driven. Buyers prefer well-established neighbourhoods and those with good concepts. Security has become a top priority and that’s why gated and guarded projects are doing very well,” Koh said.

He said even some KLCC condominiums were attracting interest again.

“This time around most of the buyers are well heeled Malaysians who appreciate the exclusivity of the residences in the KLCC area. Having came off from their previous high, there is potential for some price upside. Moreover, prices of residences here are still lower than those in cities in other parts of the region.”

Koh said there was a need to monitor the impact of potential rise in interest rates on property demand especially in the medium to lower price range.

“The higher entry cost may affect demand going forward but it could have contributed to buyers locking in at the current low entry cost,” he added.

Perdana Parkcity Sdn Bhd director of marketing and sales Susan Tan said a combination of factors including a pent up in demand and limited supply were the main causes of the current price rebound in the residential market.

“There has been no new supply of landed housing in Kuala Lumpur in the past year. A fear that prices will climb further due to an expected rise in the cost of construction is also fuelling demand now.

“Buyers are willing to pay for the right address, a good overall concept and well landscaped and maintained environment. That’s why some highly sought after projects can fetch quite high price premiums,” Tan said.

Perdana ParkCity is the developer of the 473-acre Desa ParkCity in Kuala Lumpur which has fetched one of the highest premiums in terms of landed property prices in the capital city.


Added on August 16, 2010, 2:17 amany news on isola?

This post has been edited by 106127: Aug 16 2010, 02:17 AM
vincentlee
post Aug 16 2010, 05:15 AM

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QUOTE(rakyat @ Jun 30 2010, 10:08 AM)
Not true..... These ppl only make up <2% of the working population. In fact majority household make < RM5k in M'sia, mayb you have been mixing with the 'rich' crowd but overall i.e. majority of M'sians are lower middle class.

It is not the rich that is buying up the properties, it is your colleagues, Ah Mah and Ah Soh. There is an apparent property bubble in the building since last 2008 and every1 with some extra money is 'punting' in property launches hoping to make quick bucks by flipping. This is encouraged by the lower interest rates, DIBS, rebates on d/p and a growing industry offering 'property investment seminars'.

The latest trend is 'group buy' or 'mini enblock' (taught by these seminars) where they find comfort in numbers and go sapu new launches.

Infact, hotest topic now b/sides worldcup and gutter politics is property investment. I have the most unlikely ppl talking bout property investment to me sweat.gif 

To newbies out there tread with caution
*
when everyone talks about property investment, it is a sure sign of bubble. brows.gif

good reply there.
bteoh
post Aug 16 2010, 04:24 PM

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QUOTE(accetera @ Jun 30 2010, 12:56 AM)
there are more and more people like dat though.... these days, there are some earning about 20 to 45k per month,, but these kinda of condos would appeal to ppl earning about 8k to 16k per month and this income bracket is quite common.....
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Yoooo....who is that earn 20k - 45k per month???? maybe i got too many poor friends never heard of such income bracket in Mal unless u talking about Dr. or CEO or CIO or CFO? and how old are they before they get that?
Perhaps...you can share more about these people to enlighten us... i am humbly knowledgeless in this sense
cranx
post Aug 16 2010, 06:35 PM

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QUOTE(bteoh @ Aug 16 2010, 04:24 PM)
Yoooo....who is that earn 20k - 45k per month???? maybe i got too many poor friends never heard of such income bracket in Mal unless u talking about Dr. or CEO or CIO or CFO? and how old are they before they get that?
Perhaps...you can share more about these people to enlighten us... i am humbly knowledgeless in this sense
*
just look at this 23yo already RM7k nett income. how is that not possible by the time she reaches 30? tongue.gif

http://forum.lowyat.net/topic/1523659
TSaccetera
post Aug 16 2010, 08:56 PM

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20 to 45k are mainly businessman and professionals:

- businessman,
- pilot,
- private doctor,
- medical specialist,
- some bankers,
- some financial analyst and investment bankers,
- sales agents/commissioners,
- insurance agents/MLM agents,
- lawyer/legal advisor,
- audit partner,
- young Directors of company,
- some "consultants",
- those with managerial experience overseas
and many more...........

Having said that, they form a minority in our general population. But their purchasing power is greatly moving the economy (at least property, etc). Now we could find Malaysians with such income at incredibly young age, especially in the Klang Valley. Just look around the number of BMWs and Mercedes in KL.

And lately I heard Petronas fresh grad getting paid RM4k and above? Woww I'm underpaid but nvm I barely have 2 years working experience....

This post has been edited by accetera: Aug 16 2010, 09:04 PM
0106127
post Aug 16 2010, 09:12 PM

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QUOTE(accetera @ Aug 16 2010, 08:56 PM)
20 to 45k are mainly businessman and professionals:

- businessman,
- pilot,
- private doctor,
- medical specialist,
- some bankers,
- some financial analyst and investment bankers,
- sales agents/commissioners,
- insurance agents/MLM agents, 
- lawyer/legal advisor,
- audit partner,
- young Directors of company,
- some "consultants",
- those with managerial experience overseas
and many more...........

Having said that, they form a minority in our general population. But their purchasing power is greatly moving the economy (at least property, etc). Now we could find Malaysians with such income at incredibly young age, especially in the Klang Valley. Just look around the number of BMWs and Mercedes in KL.

And lately I heard Petronas fresh grad getting paid RM4k and above? Woww I'm underpaid but nvm I barely have 2 years working experience....
*
hey add in this... there are some making millions a month... those are the ppl that can pull strings and polish very well.... age less than 30 thumbup.gif

This post has been edited by 106127: Aug 20 2010, 08:04 PM
TSaccetera
post Aug 19 2010, 10:49 PM

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QUOTE(0106127 @ Aug 16 2010, 09:12 PM)
hey add in this... there are some making millions a months... those are the ppl that can pull strings and polish very well.... age less than 30  thumbup.gif
*
u know them? hahaha I wonder ppl like Khairy and Saiful will be very rich?
terryfu
post Sep 12 2010, 04:08 AM

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Wahlau. Just 2-3 yrs ago, Amaya Saujana, Saujana Residency & Olives was going for about 350-400 psf. Now its 600-700?!?!?! Did prices almost double in the past 2-3 yrs. And people still willing to pay for these? Where does all the money come from? Is 2% of the population going to own 50% of the properties? The rich are just getting richer while the rest of us have to find houses far off like Nusajaya, etc.
TSaccetera
post Oct 26 2010, 11:43 PM

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ISOLA Hole-In-One Charity Challenge
WIN! ISOLA Condo worth RM600K

Sime Darby is offering FREE ISOLA CONDO for golfers
http://www.simedarbyproperty.com/ISOLA_Hol..._Challenge.aspx


----
yoki
post Oct 27 2010, 08:59 AM

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the hole in one thing, over already.........24th Oct right??
zzzz.....

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