Investment ISOLA SUBANG JAYA [OWNERS' THREAD], Next to Empire Subang and upcoming SJCC
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 Jun 25 2010, 09:30 PM
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#1
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Junior Member
107 posts Joined: Aug 2009 
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QUOTE(0106127 @ Jun 25 2010, 09:12 PM) for a decent unit , most prob will > 330K This is expected to be launched at approx RM700psf.we wait for mote details, but not very appealing to me.  |
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Jun 26 2010, 10:28 PM
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#2
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Junior Member
107 posts Joined: Aug 2009
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QUOTE(0106127 @ Jun 26 2010, 05:22 PM) hihi, alex, u sure RM700psf??? Well wait for the launch proper then. Which condo in KLCC area is at RM700psf?its too high for residential units. condo at KLCC are currently doing RM700psf, new completed units. move in conditions. i think its around RM400psf Added on June 26, 2010, 10:30 pmExisting supply in Subang SS16 is already at RM500psf onwards, what makes you think Isola will be launched at RM400psf? This post has been edited by alexL75: Jun 26 2010, 10:30 PM |
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Jun 27 2010, 02:51 PM
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#3
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Junior Member
107 posts Joined: Aug 2009
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Subang Avenue, Saujana Residency, the smaller units are asking around 500psf. Subang Parkhomes further down also >500psf. With better market sentiment now, all recent new launches have seen pretty high psf prices. I personally do not expect Isola to be launched at anything below 500psf. 700psf was quoted by some sources but nobody knows for sure until SD is ready to launch. Guess they will be monitoring the market as well.
Hampshire and Stonor that you quoted are the very large size units therefore psf prices are lower. If you look at Marc residence the smaller units are asking at least 1300psf. Even M-Suites by Mah Sing at Ampang Hilir nearer to GE Mall is expected to be launched at 900psf ++. |
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Jun 27 2010, 11:17 PM
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#4
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Junior Member
107 posts Joined: Aug 2009
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QUOTE(106127 @ Jun 27 2010, 08:01 PM) for me i wouldn't be buying if Isola is price more than 500psf. the current market value in that area is only sub RM400psf. This is according to recently transacted price and current asking price from owner/agent. I do concur with your views. New launch prices in the last 6 months has been nothing short of touching new heights. My gut feel is SD will not launch Isola at anything below 500psf, it should be within 500-600psf. However I wouldn't be too surprised either if they do launch at 700psf, perhaps the smaller units will be priced around 700psf and the bigger units at 600psf. Do I think its overpriced? Yes I do, and I would be staying away from this one as well. If Isola if price at RM700psf, it is way too high for a property in subang area. for buyers and investors and speculators, what is the upside potential in that area given that your entry price is 700psf. and furthermore it will take 3 years for completion. by 2013-2014 how much can you sell? its just like the property boom in KLCC not too long ago.. many investors got burn! some of the units are now selling below developer price. for developers with existing units, they are finding it hard to sell unless they lower their selling price.  and dont forget, all this hype might not last, coz the interest rate is going up! compared to 1year ago when there is so much of hot cash around when the FD rates is at all time low. as for alexl75, when we compare property prices, we compare a decent unit against another decent unit. a decent unit to benchmark will be 3rooms 2bath and size around 1400sf. we can never compare a unit that is 500sf and another unit at 1400sf. as for GE mall, it is only expected at RM900psf. it is not launch yet. so cant comment. btw, GE mall is in jalan ampang, that location is far superior than Subang Jaya. i am saying this in location wise and price of land in that area. the price of land in subang is about half of those in jalan ampang. Proof of current market price, ready move in unit. no need to wait for construction! Current property for sale: (RM442psf negotiable) SUBANG AVENUE 1308 3r2b freehold beside Carrefour RM580k SAUJANA RESIDENCY Subang Jaya RM450 per/sf up good investment and return near KTM Btw its not GE Mall, its M-Suites. Again you have mentioned that there is sub 700psf units within KLCC itself, therefore this M-Suites is definitely pricey considering it is located at Ampang Hilir, I reckon at least 3km away from KLCC. The issue now is that all new launches is either fully or overpriced by the developers. |
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